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Inflation will escalate, a whiff of recession, and commodities will be the first thing people (have already) who are late to the party will flock too. Look at the pricing action right now in gold and oil. It has been strong. Commodities are in a long-term bull market. Nevertheless, 15% in...

Hey all, For one, I don't think 15% in commodities is risky at this time. Besides, I am diversified within that class. I own IGE, DBC, PHO, PBW, and GDX. So I own alternatives, gld producers, gld, oil futures, water. It is important to be diversified within classes as well. I completely am in...

A quote from Grease "Are you making fun of me?" ::)

Great posts. For one, I don't earn the $150,000 salary alone. I earn it with my wife. So I don't make $360,000 per year. So I was able to contribute to the ROTH, for a awhile at least. $150,000 is an approximate number, I've probably made more, but never more than $180,000 in one year I think...

The thing is. The people who have done it understand that is can be done. And they have valuable knowledge. I've learned a thing or two.

Tough for sure. Drip and Spanky should really stop. Wab, thanks.

I'm flippent to expenses? I watch them. I told you my expenses are about $60000/year. That isn't so bad. I know people in the $100,000/year in expenses. I have an old cell phone and drive an 11 year old SUV. I don't think you understand me. Is it more expensive for Bill Gates to pick up a $20...

Advice #3 is really good. Think about your portfolio as a whole. Advice #4, that's gotta be so difficult. I would probably have to hire a tax advisor or something.

LOL

I should be giving advice? My advice to get to 1 million. Save alot and save early. Don't go out when you are young and say, oh, I'll wait and save next year, their is so much to buy, so much I've ever wanted. It doesn't work that way. Second, I would tell you to watch who you marry. Marry...

Peaceful_warrior, I read a book Wealth Cycle investing that talks about the same thing, LLC's and such. But have you ever done this yourself? It's the doing and how that is always hard. You see, the book says you need a team to be rich. But getting to my first million, I didn't have a team! I...

I just can't believe some people not thinking it is possible!

And kept expenses at $60000/year. And got a 15 year mortgage at 5.25%

Some of you people think it's not possible to have 1 miillion net worth by 32. I don't understand. Let's see, I had no debt (parent's paid for my college) I was a TA in graduate school... earned some money there. Married someone who earned my same salary. Sold stock in 1999 to buy a house...

I'm not a new poster. I just haven't posted alot! :) If you have any questions, I'll be happy to answer them. I read once that if you want to learn to be a multi-millionaire, then ask one. So I'm hoping to learn from the people who have $1-$5 million to help me get there. If you don't have 1/2...

CYCLINGINVESTOR, how did you ever make you income back from quiting work. 1 million can't offset your salary there.

Thanks for all the replies. I was even thinking about paying off my 5.25% 15 year mortgage this year because I was afraid the market will tank. Go figure! (probably not paying will come back and haunt me). I have also thought about taking all $700,000 or so and putting it into treasuries and...

I've never run a business before or bought "real estate", other than my house. So I'm a bit afraid. Should I be? I feel $1 million doesn't buy me much freedom. For some reason, I'm more afraid of losing it because it took me 32 years to get it. The more I get up, the more paranoid I get.

I guess are there other investment vehicles available for 1 million net worth individuals?

So I have almost $1 million dollars in net worth, with my house being about $280,000 (principal) of that. I am 32 years old. I got here by having no debt other than a mortgage (which is properly substracted out of net worth), good income (over $150,000/yr) and doing it the stocks, bonds, 401K...