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how to become a young millionaire on wall street?

how are the ones who are 25 or 26 and make millions doing it? i want to get into investment banking and will be going to college for it next year and i want to know how they do/did it. preferably someone who knows someone thats doing it or someone who knows alot about the topic. no spam ill report you.

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  1. Alex | Feb 12, 2011 | Reply

    1. Observe the life and actions of Gordon Gekko.
    2. Do exactly what he did, EXCEPT for that thing in the park with the wire.
    3. ????
    4. Profit!

  2. gsupernova | Feb 12, 2011 | Reply

    You do not need a college degree to get into investment banking. A degree in finance will be used different when you apply it to real world applications. You just need a proper training course to get into investment banking. But if you want to get into investment banking then you must be prepared to give your life up for money. Be prepared to work 90-100 hours a week on your firm and no vacation at all. But the salary will be in the millions range if you manage to stay in investment banking.

  3. John W | Feb 12, 2011 | Reply

    Read a lot and make sure you’re good at math. We’re talking about calculus, logarithms, probabilities, statistics, information theory, signal processing and non-linear computation here. Sure, plenty of people are successful without such in depth math but doing the math is always a good idea.

    I’d start with the book “Fortune’s Formula” by William Poundstone. It’s likely to get you all fired up and excited about being able to make millions. Then it’s a good idea to read something like “Take Your Money and Run” by Alex Doulis for a far more realistic secure way to financial independence.

  4. La | Feb 12, 2011 | Reply

    Start your own business. You’re not going to be making millions at 25-26 being a grunt worker at a bank. You may be paid a lot, but the cost of living in NYC is equally expensive. Your real income is lower than working in most other cities.

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