Summary
On a recent Thursday night I logged into my brokerage account and saw an extra digit I’d never seen before:$1,004,845. The financial milestone that really mattered to me was making my first $1,000 from investing. Getting to $1 million isn’t a straight line.
If you let fear take ahold of you then you’re likely to make the wrong choice. Psychologically, it’s pretty normal to equate price volatility with risk.
The fastest way to $1 million is to earn more while spending less. The best approach was to go after big wins, not like these crazy people.
To become financially free you need to reach the crossover point. That means if you withdraw 4% of your investments it meets (or exceeds) your yearly spending. I went from having about $10,000 a year to invest to having over $40,000.
