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Become a Millionaire by 25: A Young Man's Goal

| BY Donald Liebenson

Corey Wadden, a Nova Scotia native, is 23 years-old. He has a goal: To become a millionaire by the age of 25. He has launched Facebook and Twitter accounts to chronicle his journey. If he is successful, he will join the many entrepreneurs who have harnessed their vision and drive to achieve their goals at this young age.

How does one get to be a millionaire? As Sam the piano player indelibly sang in Casablanca, “the fundamental things apply,” among them hard work, education, frugality, savvy investing; and taking risks, not to mention a little luck, and, for those like Wadden who subscribe to it, the law of attraction. Wadden is filming a documentary in which he interviews a wide range of successful individuals who share their hard-earned wisdom on what it takes to become a millionaire.

The inspiration for the project, besides the obvious, is his family, he told Millionaire Corner. “Growing up, we didn’t have a whole lot of money,” he said. “My parents grew up in a small coal mining town whose economy went down the tubes after the mines were closed. My parents moved out to give my brother and me a better life. We didn’t have the opportunity to think outside the box or plan for the future. It was all about putting food on the table and making rent. If I don’t retire my mom or dad, they won’t have the opportunity. That’s one of the things that really drives me.”

Wadden’s original conception, he admits, was half-baked. An aspiring actor, he and a friend, an aspiring musician, planned to interview successes in those fields. He credits Steven Johnson’s book, Where Good Ideas Come From, with fleshing out his project. “It’s the concept of the ‘slow hunch,’” he said. “People think an idea just comes to you in a ‘eureka’ moment. But they don’t realize there is a lot of history before that moment where you have the basic fundamentals of that idea. It takes an external source of inspiration to connect the dots. For Wadden, that source came from Tim Ferriss’ book, ‘The Four-Hour Work Week,” in which he discusses deconstructing a skill or idea.

Ferriss is on Wadden’s wish-list of interview subjects, along with Darren Hardy, founder of SUCCESS magazine, David Porter, the founder of 8tracks, and young actor Shia LaBeouf. Thus far, he has interviewed an impressive roster of successful businesspeople, including Kevin Thomason, co-founder of PostRank, three real estate investors from the Madison Group, the creators of the Internet website Brotips, and Ben Stewart, CEO of Canadian Property Stars.

Each has been eye and mind-opening, Wadden said, but he credits Stewart with the resonant observation: “It’s not about who wants it the most, but who wants it the longest.” Wadden uses that as inspiration when his motivation is flagging. “I’ll think to myself, I have to want this as much today as when I wanted it the first day of the journey,” he said.

He has put some of what he has learned into practice, including buying his first piece of real estate in Arizona. He also started a website, Old Sentiments, which invites visitors to post pictures and share stories behind treasured family heirlooms.

Wadden plans to complete his documentary in two years and plans to make the film festival rounds. Until then, he is basking in the wisdom being shared with him. “It is amazing to be around people who are so successful,” he enthused. “They’ve shown me so much support.”

And he believes success will happen for him. That’s the law of attraction., which fosters positive thinking. “Someone I interviewed was a huge advocate of it,” he said. “And one night, I took a rare night off of work and went to a concert (featuring Dragonette, a popular Canadian electronic music band). I didn’t have a ticket. A person in line had an extra one and I ended up in the front row. (Lead singer)  Martina Sorbara grabbed my camera and filmed me and herself. How crazy is that?”

About the Author

Donald Liebenson


Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.