Let me weigh in on a few topics.
1) Borrowing to invest can be a good idea, however make sure you get some professional advice and are not just sinking it into stock tips that you got somewhere on the internet. Increasing your leverage (borrowing) increases your returns but also increases your risk so appropriate portfolio management is key.
2) If these topics are fearful for you, do some research read books like Rich Dad Poor Dad or The Wealthy Barber. You can start many things very simply and with very little money. Considering the ages of many on this board, putting away even $50/month could provide significant income when you are ready for retirement.
3) Don't sell yourselves short! $1 or $2MM is not rich, it is only what I would consider just confortable. I am fortunate through work to be able to associate with many wealthy people (>$20MM) and they are likely no more intelligent than you are. They merely have been smarter with their money.
4) A persons wealth is determined not by how much they earn but how much they save (invest) verses spend. Put less effort into 'looking' rich and more into 'being' rich.
5) Interest only mortgages. My parents bought a house in Lake Bonavista in the early '70s for about $22,000. If they had paid interest only on it and never a dime in principle (investing it instead) would they really be that stressed now about their $22,000 mortgage on a $500,000 property?
~bug
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