The Millionaire Journey Begins

Vanguard VTSAX Fund
My son’s very first smile.

My Millionaire Journey: I Put $50,000.00 in the Vanguard VTSAX Fund

After reading the book the Simple Path to Wealth I said in this post I would put $50,000.00 in the Vanguard VTSAX fund and add to it monthly. I decided to do it for 3 reasons. The first reason is that I plan to build an account that I can pass down to my kids. I am still young enough to build wealth and so I am building. The second reason is I want to show the process of growth and challenges to my readers in real time, to hopefully, inspire others to be patient and responsible with the growth of their money. And lastly after watching almost every single person I encountered over the years lose all of their money in a day trading chat room I had to do a 180 on my blog and find another way to help people in their journey to financial freedom. With that said… (BIG GULP with sweat rolling down my face while biting my nails) on January 10th, 2017 I began a new Millionaire Journey by putting $50,000.00 in the Vanguard VTSAX fund and will share the journey with monthly financial contributions and blogging updates.

I know that this journey will not be a fast one but as I said above I plan to add to it monthly and update my readers on that same schedule. Please know that I am not recommending that anyone try this because investing is always risky. In fact, we are nearly all time highs in the market and starting this journey 10 days before Donald Trump becomes the 45th president of the United States makes me nervous. However, I realize that this is not a sprint… This is not a marathon… This is an ULTRA MARATHON. I understand that there will be highs and there will be lows and I understand that greed and fear play a big roll as to why people lose money in the market.

Yes I will continue to trade but I will be turning my efforts of trading and this blog Beyond Debt to a more responsible money growing and nurturing place.  The extra money made during my blogging, trading and photographing days will go into VTSAX monthly. If you have questions or comments I will continue to answer them honestly and to the best of my ability. In fact, I will answer a few before I even get asked as I can already foresee the questions.

  1. Why the Vanguard VTSAX Fund?  – I could retell the story but if you read this book here I won’t have to. I do receive a small commission if you purchase it from the link… but don’t worry you won’t pay a penny more if you do. Or if you are on a budget and don’t want to spend any money then read the stock series by JL Collins. It’s more or less the entire book on his blog.
  2. What inspired you to post the millionaire journey and update us monthly? – I was inspired to post this journey from reading this post here.  J. Money, the blog owner of Budgets are Sexy, shares his net worth journey regularly on his blog. That post plus JL Collins’ book inspired this journey.
  3. Will you still trade stocks? – Absolutely but I will not be posting or recommending any service as I find that there is too much misrepresentation, false claims and indifference towards subscribing members.
  4. Are you saying I shouldn’t try my hand at day/swing trading? – Who am I to say you won’t be the next Babe Ruth of trading. That is truly something for you to decide. However, I highly recommend that you understand that there is a high probability that you will lose money in the stock market. However, if you have extra money and don’t mind taking the risk then take your time, do your research and do what your heart tells you to do. If you have very little money then I suggest you watch these free videos and look into opening a brokerage account with Suretrader.

vanguard2017 VTSAX Millionaire Journey:

If you have a question or you would like to share your millionaire journey please post it in the comment section below.

 

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Important Resources

  • Read my frequently asked questions or if you need personal 1 on 1 guidance from me on how to fully prepare as well as protect yourself from the misrepresentation please click here.
  • Every month I update this post here for my personal "Millionaire Challenge". I suggest you read the entire post and when you reach the bottom you can see my updated progress.
  • I highly recommend the Simple Path to Wealth book to grow Your wealth simply and steadily. It will educate you beyond your financial imagination. This is my review of the book.
  • If you are new to stock trading test your knowledge here with a basic stock market quiz.
  • There are a lot of secrets in trading stocks and I reveal 20 of them in this popular post.
  • If you are confused about short selling stocks then read this simple explanation that will clear it all up.
  • This free stock research tool will give you all the necessary information on any stock you type into the search bar.
  • Do your best to avoid day trading distractions. Especially the 10 I list here.
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6 thoughts on “The Millionaire Journey Begins

  1. Jai, this is good and we have been doing very much the same (only we have accounts with Nutmeg, the UK ‘sister’ of Betterment, and make monthly contributions). It is growing and growing nicely. This is only one part to our ‘wealth building’ strategy and we have several experiments on the go. Good luck and race you to the first million (in dollars and cash) :).

  2. Jai,
    I am new to the day trading world and I am hungry for information to understand the core concepts of how this whole scene functions. I greatly appreciate all the unbiased articles you present here in your blog, I’ve read almost every article related to the Millionaire Challenge in the last 2 days. I have been a penny stocking silver subscriber for 2 weeks now, and aside from the education and alerts presented by Tim I have just been browsing the troves of videos on youtube and any other platform I can find related to day trading. I was hoping that I could have your email address to bounce a few ideas and questions off of you in regards to software to use, and avenues to take to learn the ropes as quickly as possible. Thanks again for all of your hard work to help educate the rest of us.

    Bill

    1. Hi Bill. Beyond Debt is getting a major make over because I have decided to expand my helpful knowledge to others in a much more efficient way. With that said it appears that my webmaster has removed my contact page for the time being. However, the page is still live here. Feel free to reach out to me and I will see how I can help. All the best.

    1. Hey Matt,

      Please reread the article you commented on so you know the direction I am inspiring people to think about. I wrote, “Yes I will continue to trade but I will be turning my efforts of trading and this blog Beyond Debt to a more responsible money growing and nurturing place.”

      There are successful day traders but the chances of You crossing over from the 90% to the 10% is so slim that it’s not worth the risk for me to promote anymore. Every single person who I helped in some way shape or form, failed, quit or decided day trading wasn’t worth it. So, when self proclaimed guru day traders dangle their winnings in front of people and make it look easy (notice I said make it look easy) I want to explode with anger.

      So yes I will still trade but Beyond Debt is getting a make over and heading in a whole new direction creatively inspiring saving and money making ideas.

      I truly hope that answered your question.

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