Advice from 5 midlife millionaires

All of these people learned valuable lessons that they put to use later in life in ventures that vaulted them into the ranks of the wealthy. Find out how they did it.

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VIDEO ON MSN MONEY

73Comments
May 28, 2012 7:35PM
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His book didnt sell in 1995 and only reason it became a best seller was because he became president, the same with his other book. Yep his 400,000 dollar a year salary he gets to pocket because really does he actually spend any of his own money for his vacations and outings and his high living, nope we do. I would really like to know how much money he paid in taxes. Really how much of his money goes for charitys, obama became rich off of us, while destroying our country, he doesnt care either because he is a millionaire and can sit back and watch the country go down. Why doesnt he take some of those millions and help out the poor himself and if he has so much money, use it for his campaign, he wont because im so hoping its a loss cause. of course msn would idolize him on their site like they always do....shame on you msn for pointing out to the american people who are struggling because of him and his bail outs and stupid spending that he is a self made millionaire, that he is not...

 

May 27, 2012 9:41AM
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Nice article. But what's the point with Obozo: that lying works? Lying didn't work for Martha and I respect her. In fact I am not so sure she deserved what she got. I was surprised she is 70 years old and still a hottie, but maybe because I am 65.

 

It would have been a much nicer aticle without Obozo. I almost didn't get past the first page.

May 26, 2012 4:52PM
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I really don't understand why Ubama is here(actually, I do understand, with this article being an MSLSD story, but anyhow), as all he did was write two autobiographies...yippie, and of course is listed at the top.

All of the others mentioned in this story actually did some...here it comes...WORK, and therefore deserve to be mentioned, AND any or all of the others should have been listed above Ubama.

As for Martha Stewart, she was already wealthy before the insider business, so I don't have a problem with her being mentioned.

One more thing, before any of you race-baters start in on me, READ the article(especially the part where the now 75 year old man who hit it big with his cookies at age 40), then read the second sentence of my post before accusing me of bigotry and making complete A$$e$ of yourselves.

May 26, 2012 2:15AM
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So: Be willing to risk your security, have super skills in something, have the money to have a brand to support, etc.  Sounds to me like these folks had a lot going for them to begin with.  I think 1) Educate yourself, 2) Figure out how to gather wealth and investors, 3) Cross your fingers and have a safety net because most attempts fail and living in a van down by the river sucks.

May 25, 2012 11:51PM
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I love Martha Stuart! She's simply inspirational, I don't give a crap what kind of insider trading bullsh*t they tried to accuse her of back in 2004. Wall Street are a bunch of jealous crooks that did way worst than Martha! She's a woman and I commend her, she is a true inspiration.

May 25, 2012 11:48PM
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You have to have money, or people who are willing to back you, to make money!
May 25, 2012 11:39PM
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I am a black person. I did not...will not EVER vote for Obama as I do not like his policy of BS that would never happen in 4 years. However, it is an unknown fact that you are only/and can only be as good as the one before you. Before one makes judgment on the person for his success or lack there of in experience. Remember he came in after a a President that also aided in running this country into the ground. Before he could accomplish any of his goals he had to fix the mistakes made before him. Just as Bush did Obama has too. It is not constructive to down the man based on how he made his money... in the end who really cares how he made his money writing books or trying to be just another "Lame Duck" with a historical marker in the history books of being the first black president.

 NO one should care of his race they should care more about why we are in debt, how we should get out of debt, jobs! Not these people listed above. We only care because the media would rather write up a story about how you may become a million air or look who became a million air and look who is sitting on the outside looking through the window trying to be like them. 

Society is so jaded, we drool over stars and icons that make their own way. We complain how this should be this way and not this way. But i guarantee the same people we are all sitting her b@^$#ing about never sat here like we are now obsessing on the most pointless stupid stuff. They were out there attempting over and over a way to make something of themselves and they did it without hate for some other famous tool in the tool box! 
May 25, 2012 11:38PM
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SOME PEOPLE ARE SO LAZY ALWAYS WANT HAND-OUT SO THEY WILL NEVER GET RICH OR EVEN NEAR TO GET RICH ,THERE MIND SET ON HOW THEY THINK AS TO CHANGE AS WELL.
May 25, 2012 11:10PM
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Dont worry China is going to own us in the years go by. Think about it?
May 25, 2012 9:37PM
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Martha Stewart .. went to jail for under the table stock trading. she did get the bail out.

I can't wait to see what happens to FB stock and everyone getting sued.

that's the funnest thing I have every seen in the stock market.

FB isn't worth crap. they don't have anything to offer us.

Starbucks is the same as FB. just over priced Coffee. they treat the coffee farmers like crap.

Wal-Mart. if it wan't for President Reagan lifting the Sanction on China. they wouldn't be where they are today. and most of the jobs would still be in the US.

every President did something to send more jobs out of the US. just look into the History of our leaders.

It is always the smart people screwing over the working man.

they live off the backs of the Middle Class.

this won't last long. before they force everyone in the US into bankruptcy. the US will hit that mark before we get the chance. if that happens we're all screwed. that's what it looks like in about 5 to 8 more years down the road.

Stock's came back up but we still don't have Jobs. because the owners of the big companies found out that we will work harder for less money. all the while they fill their pockets..

why does big management need Mill or Bill of dollars in their big boy pants. there is no answer to this question. if they cut their salaries they could put more people back to work. THey Won't...

May 25, 2012 8:41PM
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hi i dont dis like are president  he has the write to be president as i do . but i thank its his time to let someone else to take over. he has said things to american people  he would say one thing and do something else im a viet-nam vetern  and i like my freedom  i dont want to live like the uk lives i dont like the way germaney lives so why dont you all that are to the left he they want to live with no freedom   move if you dont like it here  i thank we would all get along if you all would get togeather and move on  because i think its time for new president
May 25, 2012 8:41PM
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y don't they give us some money..then maybe we'll give a crap...
May 25, 2012 8:40PM
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Obama?????? Most people know of his career, law, politics.....etc. The hell they do. I knew nothing of this man until he walked in the door of the white house and neither did anyone else. He has about as much experience in politics as an elephant now that I do know him well.
May 25, 2012 7:42PM
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Harlan Sanders of Kentucky fried chicken.   His is the late-life sucess story I always heard about, starting KFC at 63.
May 25, 2012 7:24PM
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I wonder if the guy who wrote the "Get in the Kitchen, BIT--CHES!' cookbook will make it as big as Martha Stwart..ha! seriously.. check it out.. but don't go if you can't take a good joke or if you get offended easily..

May 25, 2012 7:17PM
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Wally Amos is not a success story.  He stole hundreds of thousands of dollars from his now ex-wife....all the while cheating on her and then leaving her.  He is a horrible role model for life and business.  Shame on MSN for not doing their HW!
May 25, 2012 6:57PM
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When I evaluate ANY United States "temporary resident of 1600 Penn. Ave), I look only at what their DOMESTIC  policies have achieved. I Compare THIS  president to James  Earl Carter, BOTH  FAILED in their promises for us, here at home. TRUE unemployment is at near historic levels, fuel prices under BOTH are above the acceptable range, as OIL  is plentiful(and U.S. oil companies have a 150 year agreement for crude from O.P.E.C. producers) at 20 U.S. dollars a barrell, thru the end of THIS century. Look it up in the Library of Congress as I did. This President , in two separate speeches, said that if he could not get the domestic economy recovered after three years, he would not stand for re-election. HIS words. So, what will he do? In an election year?(to quote Dabney Coleman"s comment in the movie Amos and Andrew) He will reverse himself once again, and run for a second "lame duck" term.
May 25, 2012 6:53PM
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The Obama haters are funny.    Barack is intelligent, a Harvard Graduate, and chose to help run the country instead of going into private business where he could have made much more money.  He is a roll model for all people.

 

The GOP hates Barack so much that they can't see straight..  Almost like temporary insanity.   The beautiful thing is, is that facts don't lie no matter how much money they spend.    One of the funny examples of the illogical hateful GOP is the Detroit success story.    Some GOP say that Detroit has lost more jobs because of the GM Auto success story.   Other GOP say that Romney deserves the credit.    They're so hateful, they've lost their mind.     Try love.   It's easier and more successful.  

 

If you honestly want to know how great Barack is doing as president check The Bureau of Labor Statistics, Facts.gov, or Politifacts.   

 

Barack will be back in the White House for another 4 years.  

 

May 25, 2012 6:48PM
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The Obama haters are funny.    Barack is intelligent, a Harvard Graduate, and chose to help run the country instead of going into private business where he could have made much more money.  He is a roll model for all people.

 

The GOP hate Barack so much that they can't see straight..  Almost like temporary instanity.   The beautiful thing is, is that facts don't lie no matter how much money they spend.    One of the funny examples of the illogical hateful GOP is the Detroit success story.    Some GOP say that Detroit has lost more jobs because of the GM Auto success story.   Other GOP say that Romney deserves the credit.    They're so hateful, they've lost their mind.     Try love.   It's easier and more successful.  

 

If you honestly want to know how great Barack is doing as president check The Bureau of Labor Statistics, Facts.gov, or Politifacts.   

 

Barack will be back in the White House for another 4 years.  

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