Watch Me Become A Millionaire

A good friend of mine pointed out that he did not necessarily agree with my previous article. He mentioned that “investing”, rather than just saving would be the key to eventual wealth. He is in fact quite correct. However, let me clarify what I meant to by using the word “savng”.

All too often, we get a paycheck and spend. Worst yet, we will use our credit cards to borrow against future earnings. The “saving” I am referring to here is the opposite of spending - In other words, once you make the money, save it! Then, at the point where you have a sum of money, investing comes in. I will talk about my past and future investment choices, namely real estate, in the coming articles.

As I study those who have achieved financial independence more and more, I am coming to the conclusion that it is not necessarily how much a person makes, but how much that person saves which ultimately determines if that person will have a chance at becoming financially independent.

I will apply this principle in my quest to become a millionaire.  In the coming days, I will outline some of the strategies I will undertake to save money rather than spend it.

Hello and welcome to WatchMeBecomeAMillionaire.com.

As someone who has a very strong interest in finance and becoming financially independent in the near future, I have decided to put up a blog to track my progress from being poor to attaining considerable wealth.

I do not have any plans of taking part in any get rich quick schemes - No, this is going to take hard work, determination, dedication and a desire to constantly learn and apply this knowledge.

Before we begin, I will tell you a little bit about myself:

I am in my early thirties and work as a computer consultant (i.e. a fancy title for someone who fixes peoples’ desktop PCs when they are not working). I currently do not own any real estate (Although I have in the past - We will get into that topic at a later date).

My primary “operating principle” will be - “Attain wealth by being frugal”.

My first and foremost goal - Get out of consumer debt (Currently approximately 20k in credit card debt).

Come and join me on my journey!