Become a millionaire? You have to make sacrifices for that. In that regard, you can learn from a 35-year-old self-made millionaire, who writes under the pseudonym Drock.
In theory anyone can become a millionaire. The story of gas station attendant Ronald Read already showed this, the gas station attendant and janitor who saved 8 million dollars without anyone in his environment noticing. He too made sacrifices, but the 35-year-old Drock from Washington DC goes a step further.
In an interview with Insider , the American with an average salary shares the three biggest sacrifices he has made to realize a wealth of 1 million dollars. Not the most cosy, but you have to pay for it.
Sacrifices to become a millionaire
Drock is a lobbyist living with his girlfriend in Washington DC. Under the pseudonym Drock, the 35-year-old American blogs about his journey to financial independence. Insider verified his status as a millionaire and asked him about the sacrifices he made to get here.
Drock admits to Insider that he has been lucky at times in his life. But that doesn’t change the fact that he also made many difficult and strategic decisions to get to this point.
1. Moving far away from family for a high paying job
About ten years ago, Drock and his wife moved to the East Coast of the United States for a promotion. “When I first asked her to move, she cried,” Drock writes in a blog post . Their families and all their friends lived in the Midwest; they should all leave these behind.
But there were also benefits to the move. Opportunities to grow in their career, for example. In addition, they were able to almost double their annual income from USD 70,000 (EUR 59,000) to USD 120,000 (EUR 102,000). In retrospect, the move turned out to be the first step in their journey to millionaire status.
[Wages are higher in the United States than here, but things like health insurance cost a lot more.]
Yet it has not been easy. In the Netherlands it goes a long way if you move to the other side of the country, in the United States you will never see your friends and…