A pathway to one million dollars

Working as an accountant for the last 15 years, I’ve seen what works, and what doesn’t. I’ve studied a Bachelor of Business, I’m a Certified Practising Accountant and have a Diploma in Financial Planning.

I feel relatively competent to provide some guidance.

I’ve seen people making unbelievable money, destroy themselves in one wrong financial decision.

I’ve seen people that have never earned above an average wage, becoming millionaires in their retirement.

I’ve also seen the bad side of money. The greed, the selfishness, the envy.

We are too debt tolerant these days.

We are too materialistic, and we are too financially uneducated.

I’m starting to learn the material traps that people fall into. Keeping up with the Joneses is bloody expensive!

I wouldn’t say I’ve seen all the mistakes people make, but I’ve seen a lot of them.

But through my studies, career and personal experience, I’ve seen what works.

The pathway is much easier than you think, and I’m going to show you how to get there.

There are thousands of ways to be rich, but my guidance is for the average person.

You don’t need to be a stock guy, a business owner or the recipient of a large inheritance. What you do need is patience, persistence and a long term view.

I firmly believe that the average person can become financially independent by following these simple strategies:

• Spend less than you earn (and make the difference as large as possible)

• Invest the difference (in growth assets)

• Rinse and repeat over the long term (the more you can save and invest, the shorter the timeframe required).

Sounds too easy right?

I hear the groans all the way over here. You’re about to close your laptop or go on Facebook aren’t you?

If it was that easy, why isn’t everyone a millionaire?!?!

Don’t confused simple with easy.

Being a millionaire is simple, but it’s not easy.

Losing weight is fairly simple. Eat less, exercise more.

But if losing weight were easy, there wouldn’t be so many fad diets, weight loss pills and programs, nor a multi-billion dollar industry dedicated to the pursuit of an ‘ideal body’.

Being wealthy is similar. It can take a long time and people lose patience, giving up after only a few years of saving and investing.

This isn’t a get-rich scheme. This is a get rich slowly scheme (disclaimer: no scheme involved).

Building wealth should be fairly boring.

Get excited about the numbers adding up over time, but don’t try to overthink the process.

I know you’re still not convinced. Like I said, it’s simple to build wealth, but it’s not easy.

I have provided the broad strategies that we will be using, but I haven’t provided the detail.

Investing is just one bullet point in the strategy, but what I didn’t tell you is how to invest. Should you invest in shares, property, a business, your career? Maybe all the above?

Saving more than you earn looks easy on paper, but how do you cut your spending further? How do you optimise your living to reduce costs and still live a fulfilled life? How much should you be saving?

We are going to be discussing all kinds of cool things on this website.

How to build passive income, how to pay less tax, and yes, how to become a millionaire.

I want you to live your life in a wealthier way.

Now that you know the overall strategy, the rest of this website is dedicated to making it happen for you.

Becoming wealthy is a journey, and for most, it’s a long one. I hope you will join me.