SERVING THE QUANTITATIVE FINANCE COMMUNITY

blueraincap
Topic Author
Posts: 80
Joined: February 21st, 2013, 3:04 pm

### when is your first million

nowadays it seems like that everybody is having a million (USD) to play with one way or another. I am still far away from that mark.I am wondering when and how did you make the first million?

ThinkDifferent
Posts: 659
Joined: March 14th, 2007, 1:09 pm

### when is your first million

QuoteOriginally posted by: blueraincapnowadays it seems like that everybody is having a million (USD) to play with one way or another...get out of here............

Gamal
Posts: 2362
Joined: February 26th, 2004, 8:41 am

### when is your first million

QuoteOriginally posted by: blueraincapnowadays it seems like that everybody is having a million (USD) to play with one way or another. I am still far away from that mark.It means you didn't work hard enough.

blueraincap
Topic Author
Posts: 80
Joined: February 21st, 2013, 3:04 pm

### when is your first million

i dont see how working hard will meaningfully get me closer to the mark

DevonFangs
Posts: 3004
Joined: November 9th, 2009, 1:49 pm

### when is your first million

save about 3 grand £ per month for 20 year, and voila

katastrofa
Posts: 9323
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

### when is your first million

QuoteOriginally posted by: GamalQuoteOriginally posted by: blueraincapnowadays it seems like that everybody is having a million (USD) to play with one way or another. I am still far away from that mark.It means you didn't work hard enough.That's funny.

Gamal
Posts: 2362
Joined: February 26th, 2004, 8:41 am

### when is your first million

QuoteOriginally posted by: blueraincapi dont see how working hard will meaningfully get me closer to the markYou didn't work hard enough and you aren't smart enough as well. You won't have this million, I'm affraid. But don't worry - a million isn't what it used to be, it's quite a moderate sum of money. What can you buy for a million? A good house is even more expensive.
Last edited by Gamal on December 8th, 2013, 11:00 pm, edited 1 time in total.

tagoma
Posts: 18362
Joined: February 21st, 2010, 12:58 pm

### when is your first million

QuoteOriginally posted by: blueraincapnowadays it seems like that everybody is having a million (USD) to play with one way or another. I am still far away from that mark.I am wondering when and how did you make the first million?Take your time to get your first million. The second one is tasteless.

katastrofa
Posts: 9323
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

### when is your first million

Or you didn't have the right parents. Gates got his first million from Ma Gates and Pa Gates. Outsmart that

Gamal
Posts: 2362
Joined: February 26th, 2004, 8:41 am

### when is your first million

You need luck, brains and work to succeed. Luck is the biggest component but you cannot do anything about that, you're lucky or not. Your skills depend only partly on you, you can control only your work.

tagoma
Posts: 18362
Joined: February 21st, 2010, 12:58 pm

### when is your first million

QuoteOriginally posted by: GamalYou need luck, brains and work to succeed. Luck is the biggest component but you cannot do anything about that, you're lucky or not. Your skills depend only partly on you, you can control only your work.network can speed up pace to success.

katastrofa
Posts: 9323
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

### when is your first million

QuoteOriginally posted by: GamalYou need luck, brains and work to succeed. Luck is the biggest component but you cannot do anything about that, you're lucky or not. Your skills depend only partly on you, you can control only your work.So it is true that "if you are smart and work hard, you have a nonzero chance of making 1E6 USD in finite time".But that from this it does not follow logically that "if you didn't make 1E6 USD yet, it means you didn't work hard enough or are not smart enough", which I think was your original position in this thread.

Gamal
Posts: 2362
Joined: February 26th, 2004, 8:41 am

### when is your first million

By "work" I mean not only doing what your superiors ask you to do. You must work on your success all the possible ways. All the exacutives I know put all their efforts to keep the position they hold and to be potentially promoted - without weekends, without vacances.
Last edited by Gamal on December 8th, 2013, 11:00 pm, edited 1 time in total.

AnalyticalVega
Posts: 2260
Joined: January 16th, 2013, 5:03 am

### when is your first million

Hard work and Brains alone is not enough. Luck is the most important factor. Having Wisdom makes getting lucky much more likely.

Posts: 1544
Joined: May 19th, 2006, 9:50 am

### when is your first million

why is your goal $1 million? You cannot even get a decent condo in Manhattan for$1 million.