Yes. This is the story about a kid who dropped out of engineering class after the first year. Got married, took on a job, started a bunch of businesses. He's now retired at 31 with 1.8 Million net worth. Imagine that! Retired at 31! http://www.milliondollarjourney.com/retired-at-31-an-early-retirement-story.htm
Don't know. All he said was his first business was a "hunch" (ie. he decided to put down $3K to start a website selling "something" to Americans). He saved cash of course, paying himself only enough to feed his family. He took some of the cash to open up a restaurant. Then used the cash from the first restaurant to open up a second. Thus, a decade later, he had: 1 online business, 2 restaurants. All of which gave him his current networth. And -- imagine that! None of his businesses "failed". 80% of all startups fail afte 5 years... yeah right. John's three businesses all still standing after 10 years.
In case anyone else was wondering, The companies were an e-commerce retailer, two franchised quick service restaurants and a brick/mortar specialty retailer.
Wow, you are -way- off. Something that ALL wealthy people learn at boarding school is that you do not measure bank accounts, but rather penis size. Only the most elite inner circle, however, are in on ALL the secrets. To get invited to the measuring club you must first know the hand-shake. Yet here is the problem for the plebes... Wealthy, RICH people are just BORN with the knowledge. If you do not know the hand shake, you never will... You will forever be excluded and judged a pion by those in the know... Those who form the inner circle rich man's penis measuring society (...and not just materially, but also spiritually, sexually, morally, i.e... those with the ultimate inner-game rich man's mojo). By the way retiring at 31 on 1.8 million... U are too funny. What are you, 18 yrs old?
Here's looking at you. If you can't figure out how to retire on 1.8 million (hint: stock investing) then you won't with 10 million, or 100 million dolalrs.
Again... if you mean to retire by becoming a professionnal trader, besides not beeing the safest endeaviour, it's not a retirement. If by passive investing, I doubt you will be able to enjoy a comfy retirement - especially at 31 when one has probably to take care of a family for many years to come. When older in the thirld world or in a european country where the government takes care of one's basic needs -but usually not with the same quality as if one pay extra for it - it's probably workable - many do retire with less . I sure wouldn't go for it. Nor would I wish for it either, entrepreneurship is far from boring.
Colleges aren't failing our kids. Parents are failing their kids who are in turn failing themselves. This isn't high school we are talking about. The professor isn't there to hold the kid's hand and help him decide what to be when he grows up. The entire problem with this thread is that there is no way of weeding out those who shouldn't have gone to college. There is a reason that we have vocational schools. It makes little sense for a person who should have gone to vocational school to instead go to college. It is not PC for anyone to look at a high school grad and tell him that while college is the proper direction for 1/2 of his peers, it just isn't logical for him because he doesn't have the abilities to fully take advantage of the opportunities that the degree will provide. Consequently, he attends a college and amasses significant debt, and then goes on to become a low end wage earner or tradesman, both of which he could have achieved through experience alone and without the debt. In any case, the parents need to understand their own children well enough to provide appropriate counseling regarding proper career choices before they are already knee deep in student debt.