I'm going to do a Greg Weld here..... ha
When I laid my game plan, the first order of business was to manage my income to it potential. I looked at my debts and began to eliminate the excess or eliminate the bill depending on the circumstance. Between paying off a car, eliminating some bills, and buying two income producing properties, I was able to change my balance sheet by over $20,000 a year in the black. With the new discretionary income, it enabled me to invest in my game plan. Let's say I invest only half of my additional discretionary income in the market for 30 years:
$10,000 initially
$833.33 a month
10% Interest
After 30 years: Over $2,000,000! Look at that compound interest kick butt after 20 years.
