1 million in 10 years… or less!

During the pandemic I made a question:

When can I sum up 1 million euros/dollars?

If you could save 1.000 net per month without interruption, you would need around 84 years! (And yes, you would need to apply them at least at an inflation rate to keep this time frame!).

?If would be only 500 savings per month, you would need 168 years.

Let’s consider 2.000 per month, then you would need only 42 years. Amazing… considering that you would start saving it at the age of 24, plus 42, you would be at 66 years old!

I said to myself, forget it, I’m on the wrong path.

I’m not 24 years old, I’m 45 years young ??, so this means I need to do it must faster.

Then the next question came:

“How to do it in 10 years or less?”

The main problem was the answer… it didn’t come fast! And when I realized that I could have an answer, it was clear that it would need a huge amount of effort, dedication, and resilience!

I create a curve of my planned journey for the next 10 years, and another one showing the monthly development.

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What do I do? I study like hell about companies, and I buy parts of them, reinvesting earnings, creating the compound effect.

You can start with almost nothing, but investing, always need a complete unit of something. (1)

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You will only get there if you start and stay in the game.

You may say I'm crazy, and I only think in money! I'm fine with that, first because if this is to be crazy, than be it, second, it's not about money, it is the challenge of produce, multiply and deliver value to people! Purpose!

You only lose if you quit! If you stay, you will learn from your mistakes!

Example, I start writing, for sure I’m doing mistakes, but I've started and I’m in the game.

And you, did you quit?

DLB

(1) See article: The X is the spot