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by mrjivraj
1752 days ago
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I think that's absolutely doable. Not easy but doable. And for anyone thinking along those lines, I'd argue that the goal isn't to get to $1M/yr but rather to a place of financial freedom. I think more people would hit that mark, if in addition to plowing money into growing their businesses, they also diversified and invested their cashflows effectively. Below is a story of an Optometrist who became a billionaire over time. His fortune came from two things:
1) He started a successful business that did about $10 million/yr in profit.
2) Over his lifetime, he continuously redirected his business profits into stocks. https://twitter.com/mrjivraj/status/1425230319796596744?s=20 update: for some reason the link above goes to the beginning of the thread instead of the tweet about said Optometrist. You can scroll to Tweet #27 in the thread. enjoy the thread...and don't forget to compound :) |
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