But, in personal finance – thus, this ‘grand experiment’ – we’ll actually be doing a lot of back-tracking even as we move forward at great (I hope!) speed …
… in fact, some horses have jumped right out of the gate so fast, we’ve had to gently coax them into slowing down, just a tad
Horses and rocket ships? Now there’s a broken analogy, but it’s all in a good cause, because:
As promised, we are now moving into MM201
For at least a few of the 7 Millionaires … In Training! the past few months has seen a confirmation that their MM101 strategies are sound (but, I don’t know any who shouldn’t have made at least a slight shift in their thinking?), but for others, change is required.
I’m retired at 49 [AJC: and, I intend to stay at this age for my 'blogging persona', much like a perpetually 10 y.o. Bart Simpson] … if I had this advice in front of me when I started out (probably in my mid- to late-20′s would have been the right-frame-of-mind time for me), I would be retired before 35 and be living my Life’s Purpose already …
…. it really is just a 7 year project IMHO, give or take a little
Some of the keys that we have learned already are to:
1. Set a solid base (bankroll management, respect for money, delayed gratification) without going over the top (it’s just not necessary to live totally ‘frugally’)
2. Have a very clear understanding of the ‘why’ (your Life’s Purpose), the ‘what’ (your Number), and the ‘when’ (your Date)
3. Select the right ‘how’ i.e the MM201 ‘tool/s’ that are most appropriate for YOU to get YOU there
… the ‘who’ is pretty straightforward: it’s only YOU who can make this happen!
Now, assuming you DO have the burning desire to get ahead, the real ‘riches’ of this experiment are still in front of you: everything up to now has been on 1. and 2., and – while we will review these two areas every so often – the gates on 3. are about to open!
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… I’m sure that you can do a MUCH better job than me!