There's a difference between having $1 million and saving $1 million.
"Even when you are just saving for a mortgage deposit, be prepared to make those early sacrifices," he told Business Insider."Curtail excessive lifestyle choices. Learn to live frugally, as much as you can bear. This will bear fruits later on, both in terms of reduced repayments and fewer years doing it."
"The repayment will eventually finish," he said."So assuming your rate of repayment is manageable, using available funds elsewhere will spread your chances of a heightened return, in addition to owning your property."While self-made millionaires are often assumed to be self-starters, it is possible to get rich on someone else's clock., but he made his first $1 milion when he was 31, six years after he started working for a large financial services firm.
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