Post image for The Millionaire’s Club

The Millionaire’s Club

by Jeffrey Kosola on February 3, 2010

Million Dollar ClubWho Wants To Be A Millionaire? I SURE DO. With this post I’m am offically pledging my goal of becoming a millionaire. I’ve been following J. Money at Budgets Are Sexy for a long time. If you don’t already know, J. Money has a Millionaire Dollar Club. To be a member of the club you need to write a post detailing how you will become a millionaire. I absolutely love the idea and fully believe that without accountiablity, change is a difficult journey.

Can you imagine how killer it would be logging into your accounts one day and seeing a cool million there? I’ve been all about it the past couple years and there’s really nothing stopping me now. I’ve got the desire, the patience, and more importantly the game plan! (what this post is all about). from J. Money

After reading that statement, I just couldn’t help myself. I want to be a millionaire. I want to be able to “Live like no one else so later I can live like no one else” (Dave Ramsey).

These are the ways I’m going to use my ambition, work ethic, and brains to reach the million dollar mark. I’ve tried to inject some of my humor into this post. I hope you enjoy reading through these and I hope that you’ll all look back a this list in the future and say “I knew that dude when he was delivering pizzas.”

Pledge Number 1

I pledge to pay off all of my debt. If you take a look through the site you’ll come across net worth posts, getting out of debt posts, pizza delivery totals, and much more. I am VERY serious about this and getting out of debt is the first step to becoming a MILLIONAIRE!!

Pledge Number 2

I pledge to spend less money. I will not use credit cards to purchase things I don’t need with money I don’t have. I will maintain and live by a budget. On purpose on paper is the only way for me. I will continue to live within my means and spend much less than I make. I will continue to clip coupons and look for sales, I’m a Frugalisto and proud of it. I will not keep up with Mr. Jones next door. I will only purchase items that bring value to my life and my family.

Pledge Number 3

I pledge to Max out my 401K.
Once all my debt is paid I will contribute the maxium allowed by law. I’m currently contributing 4% of my base salary because it is matched 100% by my employer. Some people will call me nuts for putting any money into the 401K while I’m in debt, but I look long term now and throwing away “free” money just doesn’t make since.

Pledge Number 4

I pledge to start a business
Reading though many of the millionaire stories, I’ve noticed a common denominator. Most millionaires do not work for a company, they own a compay. I enjoy my current job, but I don’t think I can make it through another 30 years of doing it. Delivering pizzas has opened my eyes to a whole other world. I love the business and my current employer will be looking to franchise soon. The buy in is low and the company already has two stores. Once my debt repayment plan is complete and I have a completely funded 6 month emergency fund. I will be working to fund a “business” account. My goal is to pay cash for the business.

Pledge Number 5

I pledge to to be a Millionaire
I will be a millionaire. Life may continue to throw punches at me, but I will come out on top. I truely believe that a solid financial plan, open communication with your spouse, and a good work ethic will yield spectacular results.

I hope you’ve enjoy reading this “mission statement” and that the images made you smile. If you’d like to create your own Who Wants to Be a Millionaire questions follow this link. The website is in French but I’m sure you can figure it out. Enter the question in the first line, followed by the answers in the next four lines. Have fun with it, I did :-)

Next stop–The Cayman Islands. I need to set up my numbered off-shore bank account to hold the million dollars.

Want to join the Budgets Are Sexy Million Dollar Club? Visit J. Money’s Millionaire’s Club and submit your pledge. You’ll be able to post this sweet badge on your site once you’ve joined. It’s a very elite club, I’m entering as the 26th member. I highly recommend you join, it will force you to think about the future and develop a plan to become a millionaire. Good Luck to everyone!!!!

{ 27 comments… read them below or add one }

J. Money February 3, 2010 at 10:35 am

Hahahah..omg dude, you are VERY worthy of becoming a Million Dollar Club member now. you cracked me up on this one, I love it :) if you ever need some investment money, you better let me know! I have nothing but 100% trust & faith in you man, and I wanna be there with you when you hit that $1 Mil!
.-= J. Money´s last blog ..New Tax Law Changes for 2010 Boyee! =-.


Jeffrey Kosola February 3, 2010 at 11:49 am

I was hoping you’d find my post funny. All kidding aside, having a written plan to become a millionaire is a must. Thank-you for coming up with the idea. Some good news yesterday will help the plan along. I received a huge raise at J O B number 1 and will help to speed up the debt elimination goal. I’m very excited to be a part of the club and if I ever do need some investment $ I’ll be sure to call. Who knows maybe DC needs a good pizza joint. All those congress people are working their butts of us (ha), they’ll need some Za to hold them over during those all nighters :-)

Proud Member of the Million Dollar Club


Mrs. Money February 3, 2010 at 5:06 pm

This is too cute!!


Jeffrey Kosola February 3, 2010 at 5:15 pm

Are you refering to the theme of the post or the author Mrs. Money? Ok, the theme I guess. 😉 I’m happy you enjoyed it. You should fill out a couple for Mr. Money, I’m sure he would find it funny. Valentine’s day surprise.


Ryan @ Planting Dollars February 3, 2010 at 9:51 pm

Creative, I like it. I also like that you covered the spend less and make more through businesses, using both major concepts will yield success. In the future maybe you’ll be able to deliver pizzas with your helicopter!
.-= Ryan @ Planting Dollars´s last blog ..The Part Time Job Search =-.


Jeffrey Kosola February 4, 2010 at 6:21 am

Thanks Ryan, I’ve always wanted to fly helicopters so I think that’s a great idea. We can call it Operation Pizza Drop and fly around outdoor sporting events and concerts, dropping pizza to the hungry mobs :-)


RainyDaySaver February 3, 2010 at 11:17 pm

Best of luck, hope you join that club someday soon!
.-= RainyDaySaver´s last blog ..Remembering Woolworth’s =-.


Jeffrey Kosola February 4, 2010 at 6:23 am

I still have to get into the positive in worth, but once that happens the sky’s the limit. Thank-you


youngandthrifty February 4, 2010 at 1:20 am

LOL! You’re so creative!!
Your picture fits perfectly into Regis Philbin’s shoulders! =)
Best of luck with your million dollar club journey!
Maybe one day you can be delivering pizzas with Benjamin Franklin toppings…!
.-= youngandthrifty´s last blog ..TFSA (Tax Free Savings Accounts) Basics =-.


Jeffrey Kosola February 4, 2010 at 6:29 am

The real picture under mine is some other dude, not Regis. I could never cover up an American icon like Regis, I would probably get a lot of hate mail. Can you tell me what BF toppings are. I’m drawing a blank? Oh wait a minute I GET IT NOW. Very Funny haha. Hundred dollar bills ya’ll. Thank you club member #25.


Jeffrey Kosola February 4, 2010 at 6:33 am

I agree with the passive income. I know you’re working hard on it. I wish you the best. Oh yeah, I’ll be follow you too. Good luck my Friend.


Samurai February 4, 2010 at 5:14 pm

Hahaha, nice. Welcome to the club.

It is funny to see you smile in your pics (they are good pics), and then see the last pic. :)

What about a Pizza delivery outsourcing business? You get a cut of someone else’s cut? Or a “how to get a bigger tip business”??
.-= Samurai´s last blog ..The Most Important Tip For Job Hoppers: Join People, Not Firms =-.


Jeffrey Kosola February 4, 2010 at 5:30 pm

I actually knew you would make a comment about the smile, so I put those in on purpose :-) It’s nice to be in the club. That makes two cool clubs I’m in now, The Yakezie and the Million Dollar Club.

I like your ideas, I am in the planning phase of something similar to these.

By the way, I was a B/C student in high school and a A/B in college. I was like a fine wine, I got better with age.
Keep up the great work at Financial Samurai.


Samurai February 5, 2010 at 2:23 pm

Nice! Thanks for putting up those smily pics for me.

Great fine wine analogy! I hope by the time we are dead, we provide sweet nectar to all those who embibe.
.-= Samurai´s last blog ..We Have Peanut Butter, But No Bread – Making Do With Less =-.


Money Funk February 5, 2010 at 12:04 am

How funny! I did not even notice the questions were in sync with your mission statement. Very cool, Jeff. Congrats on taking things a step further! Always wanted to own a pizza joint. Loved the place I worked at when I live in San Francisco. The owner made sure we knew how to do all parts of the business. Including tossing our pizzas (wasn’t very good at it).

BTW, I have a friend who owns quite a beautiful house in the Cayman Islands. But I don’t doubt he helped to embezzle his share of his riches (his partner got caught and is serving many years behind bars. But somehow our friend didn’t).
.-= Money Funk´s last blog ..Menu Plan Monday =-.


Jeffrey Kosola February 5, 2010 at 11:12 am

I like you even more Money Funk. I had no idea you were a Pizza Girl :-) Now that I know you are well versed in the art of dough rolling, I may need a partner for my western front. Ok, I know getting a little ahead of myself.

Thank for your kind words. I just hope Dr. Evil didn’t scare you :-)


Trina February 5, 2010 at 3:10 am

Wonderful goals Jeff! I particularly like Pledge #2…that coming from a self proclaimed Frugalista;) I have been reading your blog for several weeks now and I am hooked.
Keep on keeping on!


Jeffrey Kosola February 5, 2010 at 11:18 am

Thank you Trina,

I was hoping someone was going to notice the Frugalisto reference. Being frugal can be fabulious sometimes. I’m hope the blog provides some value to you and I’m glad you enjoy it. I took a trip over to your site too. You’ve got your hands full with the twins. They are very cute :-)


Meg February 5, 2010 at 4:23 pm

Dude… Sharks with lasers. LOL. You better plan to buy at least ONE shark with a laser. Go big or go home. 😉 Good luck with the goals! Not sure if I’m ready to declare myself on the millionaire path or not. I just want enough… Still unsure of what my number is.


Jeffrey Kosola February 6, 2010 at 9:43 am

Hi Meg,

Every time I think a 1 million dollars I think of Dr. Evil from Austin Powers. I can’t help it. So I figured the Dr. Evil picture and the reference to sharks with lasers would be a perfect fit when talking about being a millionaire.

As long as your number includes enough for a sweet ride, I’m sure you’ll be happy. Happy drifting….
I looked up the SCCA and realized I watched a SCCA event when I was in college. Pretty cool stuff. Thanks for the tip.


Brad February 8, 2010 at 1:43 am

Dude! This post is brilliant man! I frickin LOVE it! I wish I would have checked this post out earlier. Great job man! When we all reach our goal, it will be time to go on some crazy bloggers retreat, only their will be NO BLOGGING! LOL On an island sipping drinks, detached from the chaos that is normalcy. We’re gonna do it dude! I’m booking the trip!

Your path to millionaire status looks promising, especially if you are able to buy sharks with frickin laser beams attached to their heads. LOL
.-= Brad´s last blog ..The March 2010 “Manage Your Money” Challenge: Featuring Pocketsmith – Are You In Or Out? =-.


Jeffrey Kosola February 8, 2010 at 7:21 am

I was wondering when you’d get around to reading it.

I like the sounds of a blogger retreat. Being a millionaire will alway us to take a little time and enjoy life. I’m looking forward to it. Just look at J. Money. He’s taking a nice vacation soon, he’s not a millionaire yet but taking time to spend on memories is usually a great thing.

Oh yeah, Happy Birthday Brad. You can wish me the same on Nov 26. We are getting old, but I know niether of us feel that old :-)


Broke by Choice February 8, 2010 at 3:02 am

I like the way you set this up.


Jeffrey Kosola February 8, 2010 at 7:24 am

Thank you Broke by Choice. I see you’ve just joined the club too. Nice job.


The Amateur Financier February 8, 2010 at 12:46 pm

Excellent pledges, and welcome to the club! As for people calling you nuts for putting money into a 401(k) while you’re in debt, just point out that with a 100% match, compounding is sure to be in your favor in the long run. (Unless your debt is with a guy named Vinny who’s threatening to break your thumbs; then I vote for keeping all your joints intact.)


Jeffrey Kosola February 8, 2010 at 1:38 pm

Thank-you for the welcome. 100% with all the compounding is hard to pass up, hence I didn’t :-) Have my behaviour corrected, it just doesn’t make any since NOT to look long term now. Oh well, we’ll see who’s laughing when we’re millionaires.

Vinny was the first debt I paid off. I gathered up enough to pay in cash and not in fingers. Good thing too, it’s hard to blog with only 7 digits.


margaret November 21, 2011 at 5:37 pm

i dont have a comment i have a question how would you start a great business idea when you dont have any money any more ?


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