The Glorious Beard family has a long-term goal of reaching a million dollar net worth within the next ten years. I’m going to be a millionaire on a teacher’s salary. If you are going to have such a big and crazy goal, then you really have to have one hell of a solid plan. How do you come up with a plan for something so ridiculous sounding? Your first step is to absolutely, positively, 100% believe in your mind that your crazy-ass goal is possible. If you start there, then your mind can start working on the problem in the background. Eventually, out pops a basic idea, and then you’re off to the races refining that idea until you have a plan to achieve your crazy goal.
My wife calls me “The Weasel” because of my incredible ability to “weasel” the things she and I want. As one example, she wanted to travel around Europe when we retired. I told her that idea was stupid, and that we needed to travel around Europe RIGHT NOW! So I put that goal in my mind without any idea how we would accomplish it. After a while, the idea formed, and then the plan, and then the execution of the plan, and now we are traveling around Europe for free and getting paid for the privilege.
The most recent goal I have been working on is the million dollar goal. How can we become millionaires by our mid-40s with a single teacher’s salary? I’m excited to tell you that we have a plan, and the math works. Continue reading “How to become a millionaire on a teacher’s salary in 10 years”