Johnson 1

Adrian Johnson

Debra Jizi

UWRT 1103 012

06 May 2018

Double Entry Journal

MLA Citation:

"5 Financial Moves That Can Make You A Millionaire In 10 Years." National Debt Relief. N.p.,

29 Dec. 2016. Web. 08 Apr. 2018.

Source: Quote (Page# or Paragraph #) Responses

"almost 7 out of 10 americans with a high How did they become millionaires? What

financial worth are actually self-made state were they in when they started?

millionaires" (Para. 1)

"There is no use to being rich if you only get Ten years sounds great, but why not in less?

to enjoy it in your latter years... why not do What numbers are they using to get to 10

it so you can become a millionaire in 10 years?

years time? It is possible for that to happen."

(Para. 2)

"The younger you are, the more you should You can start investing at any time, even as a

concentrate on just earning more." (Para. 6) kid, it all adds up and gets you a head start

above everyone else.

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"you can get extra projects on weekends" You have to be careful not to break any non-

(Para. 6) compete agreements you may have signed

with your company.

"Investing comes with a risk. The higher the The return could be either positive or

risk, the bigger the return." (Para. 8) negative. You need to set your own

boundaries. One of the simplest methods is

known as the 1% rule, only risk 1% of your

portfolio value.

"think about investing in yourself." (Para. This is smart, you can learn new skills that

10) you can use for supplemental income or to

boost your own income. It's also an altogether

good idea to better yourself in general.

"Instead of just 1 million, aim for 10 You should never meet your goal, if you get

million... [don’t] expect that you will fail to close, push the goal further away and keep

meet your big goal." (Para. 12) working towards it. If you expect to fail, you

will.

"Start by having an expertise" (Para. 16) If you spend your time trying to be a "jack-of-

all-trades", you will be mediocre at

everything. If you have an expertise, you

become highly profitable on that skill, and

then can focus on the next, then the next, on

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and on.

"some people do not become wealthy Going along with aiming high, if you never

because they never make the decision to set the goal, or make the decision, there will

become one[sic]." (Para. 17) never be a drive to meet that goal.