Millionaires in the Making
CNN has a monthly feature titled “Millionaires in the Making”. Every month, they feature a young couple who make over $120,000/yr and have ‘amassed’ a nice nest egg, usually between $250,000 and $500,000 in just 4-8 years after graduating from college.
Yeah, gimme a frickin break!!!!
Any moron who makes over $100k/yr and bought a house more than 3 years ago and is contributing 10% salary to the 401k plan is worth over $100k now.
The last issue was no different. The Johnsons make $147,000 a year, put 10% into a 401k and have $120,000 in home equity. The only thing worth mentioning in the story is that the husband stopped wasting money on a new car every 2 years!!! Otherwise its almost the same frickin story every month!
They should atleast give some more info on what they like to invest in or something to change the story.
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October 25th, 2006 at 6:16 pm
I’m glad that I’m not the only one who feels that way about those things.
October 25th, 2006 at 6:29 pm
I was thinking the same thing the other day. The profiles seem so cookie-cutter that it gets real boring reading them for any length of time.
That being said, I think the important thing about these articles is that is shows what a disciplined investment strategy (invest 10% regularily, use your company’s 401K, buy a house, etc) can get you in a relatively short period of time.
October 26th, 2006 at 2:52 pm
Yeah, these millionaires in the making are not having a hard time in the income department. I’ll like to see a feature on some people with smaller incomes
October 26th, 2006 at 4:32 pm
I stopped reading them a while back for the same reason. Novelty wore off, I guess.
November 1st, 2006 at 8:39 pm
It may be a lot easier for someone with a good salary to save but most doctors and attorneys are broke.
November 3rd, 2006 at 11:14 am
i agree – those prfiles are worthless.
November 30th, 2008 at 6:06 pm
Well for me I contributed more then 30 percent a year. I am 22 years old right now. I don’t think is that hard. But, I don’t buy think I dont need and I roughly make around 45k a year and I havent graduated from school yet.