Being a millionaire isnt what it used to be. 1 in 30 americans are millionaires.
2006-06-27 13:32:02 · 6 answers · asked by gamer86 1 in Business & Finance ➔ Investing
to become a millionaire before 40:
work hard and be a little lucky (well actually very lucky)...
to become a millionaire after 40:
work hard and don't be stupid.
2006-06-27 13:40:58 · answer #1 · answered by rosesky 3 · 0⤊ 1⤋
I worked for 8 hours from monday to friday while going to College (I was a waiter back then and my pay was $3 USD PER DAY)
I worked 8 to 16 hours on Saturdays and Sundays doing double shifts sometimes.
I opened a bank account and saved 50% of my paycheck to buy a car.
Sometimes I made so little money I made deposits of just $1.00 USD and the cashier did give me odd looks everytime.
I invested in a book to learn how to make drinks and become a bartener (Bartenders make $30 USD PER DAY back then which was like 10 times what I got)
I even bought a few bottles and invited my friends to practice my skills.
One day the bartender got sick and the manager asked "What are we going to do now?" and that was my chance.
I worked as fast as I could and I everybody was so impressed by my hard work and the bartender got fired and I got his job!
One day two customers came to the bar and they ordered the more expensive whisky (Buchanan's) and most people orders just a drink but they wanted the whole bottle.
You buy a bottle for 4 or more not for 2 I was impressed!
After I while he paid the check with a Credit Card I have never seen in my entire life.
The Credit Card was from "Merrill Lynch"
The meeting is starting, I have to go now.
But if you really want to know how I made my first million (Back in 1997) you can drop me a line.
Top 3 Answerer in Business & Finance. (Vote for me)
2006-06-27 21:00:16 · answer #2 · answered by Anonymous · 1⤊ 0⤋
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2006-06-29 03:23:23 · answer #3 · answered by heaven 3 · 0⤊ 0⤋
Who said I'm a millionare? People who work all their life to try to keep food on the table for their children have more character and more value than millionares anyway. Power to the poorer us!
2006-06-27 20:37:20 · answer #4 · answered by otter7 5 · 0⤊ 0⤋
worked a job while going to college, managing delivery drivers at a company i'll leave unnamed, having a roth ira, and investing every extra penny into a mutual fund
2006-06-27 20:36:02 · answer #5 · answered by mojopez 4 · 0⤊ 0⤋
Think chess.......Plan your next few moves ahead of your rival(the crowd).
You must invest in ways that are ahead of the crowd. When the crowd gathers, take profits, then go to the next before they follow. repeat.
2006-06-27 22:23:12 · answer #6 · answered by -* 4 · 0⤊ 0⤋