Almost one year ago, when I started Romania Experience, I wrote in the “about me” page that this blog will follow my trip to achieving a net worth of “at least 1 million dollars”. Today I’m having second thoughts: I might never become a millionaire.
Probably many would laugh hearing that statement. It’s not uncommon not to be a millionaire and there are billions of people who don’t get there. So why should I? Why should I get to have a net worth of at least a million dollars, just by wanting to? Others work really hard – maybe a few hours per day harder than myself – and they never even get close. Others want it just as bad as I do and they never get close. Why would I be special? I am not.
Right now, following one of the best years in my existence, both financially and on the personal side, my net worth is more than 300% greater than it was when I started this blog and initially I was absolutely excited to see the numbers. But my growth should not be considered exciting. It was what I would call an unnatural growth: I managed to sell a great blog that I had created, and that’s where the biggest chunk of my progress came from. Now I am back to the basics, trying to find the next big thing and until now failing to do so. Which means that my growth was temporary. Now I am stuck at the same spot, unable to progress, just waiting for the right time to sink my hands into the money I have to repair the house. After a great year, I anticipate 2014 to be one where my net worth goes down.
And we’re talking about a net worth that is way under $50,000. My million? Seems like an impossible dream. Early retirement? Not here in my situation. Will I become a millionaire? Highly unlikely.
It might sound childish, but me realizing that I might never become a millionaire upset me a bit. The loss of money that I never had brought me to the brink of depression. The thought that this plan won’t work made me consider that I failed.
So why I might never become a millionaire?
– I started from zero and I’m progressing way too slow
– I am spending most of my income on necessary things to make life bearable and there’s still work to do (as in house repairs)
– My monthly earnings are low and progress is way, way slower than I anticipated
– I am unable to invest the little amount of money that I have. We don’t have, here in Romania, things like the 401k, an active stock market or a thriving renting community. If I were to invest in an apartment to rent and I would always have the place rented and I would never have to repair the place, it would make me a profit in 18 years. My city is not one that’s growing, so property prices are going down for now and I don’t see that stopping. In the end, most likely, I’d be losing money.
So, yes, I might never become a millionaire. But you know what? I’ll keep trying! If I manage to beat all the odds and do it, success will be even sweeter. If I fail, at least I know that I tried my best, did my best and hopefully created the launch pad for my son to get there. Because it takes money to make money. And I don’t have them.
Image credit: William Murphy