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Old 01-08-2006, 10:53 AM  
mrbling
Confirmed User
 
Join Date: Jun 2002
Posts: 365
$30k a month is nothing, SAVINGS is the most important.


Considering many things:

1) You have taxes to pay
Chop off 30%

2) You have living expenses to pay
Chop off another 20-30%


So if you are Making $30k a month Which is $1k a day.

30% taxes ,
=$21k
Living expenses = 20%
= $17k

$17k if you are living frugally.

$17k * 12 months = $204k Saved a year living frugally.

$204k -> $1 mllion dollars takes
5 years.

5 years till the BASIC MINIMAL of success ($1 million dollars saving providing $50k interest)

$30k/month isn't much now if you think about it.
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