Listen Now: The Path To Millions
Think you want to be a millionaire? Think again. According to penny stock expert Timothy Sykes, having a hefty bank account makes life a lot easier; but it can also bring some unexpected revelations.
For example, the road to seven figures can be boring. You need to put in the work to get where you want. And if you’re young that means missing out on parties and vacations your friends are taking.
And speaking of friends, you need them, good ones. You need a close social circle of people who understand your end goal and don’t come down on you for missing important events or falling off the radar. These are people you should also be able to discuss ideas, and whose opinions you trust.
There will be many times when you are tempted to quit or blow your savings. But be strong, the low points will come but the benefits will outweigh them. In the end, Sykes says the road to financial freedom is tough and lonely.
Not everyone can do it but those who can will say it’s worth it.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
Popular Reports, Articles & Videos
Latest CBS Radio Reports