I need a serious answer pls
2006-06-28 10:00:37 · 17 answers · asked by mgs3se2004 1 in Business & Finance ➔ Credit
I made my first this way. After high school I started a window cleaning business, I did that for 6 Month's or so..then I started a commercial cleaning business with the money I made there..I did that for about 3 years and worked my butt off and sold it for 90k in 1985.
I then got offered a job in advertising..I did that for 2 years..learned everything I could and started my own agency..I had about 18 people working for me..then like before I sold it BIG$$$. I now manage money..MINE in the market. I wake up everyday..sit in front of the computer (10:30 am)..then I go out and sit at my pool. I own 3 apartment buildings, 6 houses I rent out..but the vast majority is in investments. Keeping liquid is important! Work your tail off and work smart!
Good Luck!
2006-06-28 14:28:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are generally two paths:
1. If you want to make a million in less than 20 years, you must start your own business and make it a raging success. Could be something in industry or real estate, whatever. Something you can devote many hours to and have the knowledge and aggressiveness to make a success.
2. Invest for the long haul. Live beneath your means and invest as much as you can in the market via retirement accounts. After 25 - 40 years, you'll mostly likely be looking at a million.
And no, playing the lottery won't get you there, unless you are an outrageously lucky person, in which case you wouldn't be asking this question.
2006-06-28 17:07:48 · answer #2 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
ART OF MONEY GETTING
or,
Golden Rules for Making Money
by P. T. Barnum
1880
ART OF MONEY GETTING
1. DON'T MISTAKE YOUR VOCATION
2. SELECT THE RIGHT LOCATION
3. AVOID DEBT
4. PERSEVERE
5. WHATEVER YOU DO, DO IT WITH ALL YOUR MIGHT
6. DEPEND UPON YOUR OWN PERSONAL EXERTIONS
7. USE THE BEST TOOLS
8. DON'T GET ABOVE YOUR BUSINESS
9. LEARN SOMETHING USEFUL
10. LET HOPE PREDOMINATE BUT BE NOT TOO VISIONARY
11. DO NOT SCATTER YOUR POWERS
12. BE SYSTEMATIC
13. READ THE NEWSPAPERS
14. BEWARE OF "OUTSIDE OPERATIONS"
15. DON'T INDORSE WITHOUT SECURITY
16. ADVERTISE YOUR BUSINESS
17. BE POLITE AND KIND TO YOUR CUSTOMERS
18. BE CHARITABLE
19. DON'T BLAB
20. PRESERVE YOUR INTEGRITY
2006-06-28 17:33:44 · answer #3 · answered by Looking Up 5 · 0⤊ 0⤋
Invest $50k for 40 years at 8% interst. You will have $1,086,226.07.
You could work the next 40 years and not make that.
2006-06-28 17:56:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Marry a millionaire. ;) That is pretty serious. I would have seriously loved to have married a millionaire...
2006-06-28 17:21:38 · answer #5 · answered by inaccord18 3 · 0⤊ 0⤋
Create multiple streams of passive income--real estate, stock investments, license/patent a product of your own creation, get royalties from music or books you write--and then reinvest the money.
2006-06-28 17:05:01 · answer #6 · answered by Robin W 2 · 0⤊ 0⤋
Real estate is a good way to do that. Or you could go to school. get a loan from the bank, and get a mcdonalds or burger king franchise, they make BANK.
2006-06-28 17:02:46 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Take a million $ out of your bank
2006-06-28 17:04:21 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Study and become smart then go on who wants to be a millionare
2006-06-28 17:03:30 · answer #9 · answered by sentence eagle 1 · 0⤊ 0⤋
Go play "Who Want To Be a Millianaire"
2006-06-28 17:05:45 · answer #10 · answered by EmilyT 1 · 0⤊ 0⤋