Originally Posted by
KW
Agreed. But not necessarily an above normal well paying job. I took the Rich Dad Poor Dad advice to heart - which is first cut debt completely, be considered about what you spend money on (needs not wants), pay yourself first (ie. put as much away in savings first up then live off the budgeted amount you have left), decide what kind of investor you want to be (business, stock market, property etc), educate yourself in that area, then invest. The power of a constant supply of money into an investment plus compounding takes care of the rest.
The first bit is the most important -as once you focus on cutting your debt and paying it off as fast as possible, once its paid off those regular payments then goes straight into your savings, and you don't even miss it.
$30,000 in cash injections over 7 years does not require a well paid job, just self discipline. To turn it into $123,000 - that requires education.