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[quote=Anonymous][quote=Anonymous]Hello,

1. When you had nothing, did it ever seem possible to you to one day have 7 or eight figures?

2. How does it feel psychologically and emotionally to have 7 or eight figures?

3. How long did it take?

4. Any tips on how to achieve such a feat?

Thanks[/quote]

1. Yes

2. Seven figure income, eight figure net worth.  Kinda crazy actually.  I totally recognize that we have a lot, but the crazy thing is realizing that extreme wealth ($100MM+) is actually a real possibility.  The difference is that now we can afford almost anything, but not everything.  Ironically as you gave more you tend to want less.

3. 11 years.  I graduated at 24 and by 35 my balance sheet and income got insane.

4.  Start a business.  Have huge wAnts, but few needs.  Read about spending big, but don't.  Spend money on experiences not things.  Invest a lot.  Learn about real estate.  No matter how wealthy you are people should think you are less Wealthy.  Establish multiple bank relationships.  No partners in your main business because no one should be as good as you.  Partner with others on side businesses because your partners are better at it than you.  Constantly take calculated risks.  Keep perspective and remember it is just money.  Maximize leverage for investments, but taper down what that leverage is as you age and as assets accumulate.  Never do a deal you don't understand. Don't take financial advice from anyone less wealthy than you are.  Learn the tax code.  Pay your full share of taxes.[/quote]

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