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Is working more hours to earn more the wrong approach?
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I work 40 hours a week and make $120k a year in Los Angeles. If I work an extra 2.5 hours an evening, I make $215 before tax each time.

Doing that 4 nights a week would be $3,440 a month. 50 hours a week.

My only idea for getting rich is to work 50/hours a week for the extra $40k a year (before tax) for 2-3 years to save up $100k because supposedly once you have a 100k and have it in investments (and keep adding 10k a year) you can get to a million relatively fast.

I have a cousin who came to America from a middle eastern country, worked his butt off 10-12 hours a day doing construction/ac work for like $20/hour, and eventually started his own construction business, bought a million dollar house and had almost a million in his bank account.

Iā€™m not sure if with this investing approach I can buy a house like that cousin did within 10 years. Maybe he was only able to do it because he started his own business and not because he worked more hours.

Iā€™m not trying to retire wealthy, I want to be wealthy now to buy a million dollar house sooner than later.

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6 days ago