2006-07-07 16:20:49 · 15 answers · asked by Anonymous in Local Businesses ➔ Singapore
marry a rich wealthy man
2006-07-08 15:00:32 · answer #1 · answered by jan 1 · 0⤊ 1⤋
Earn a million dollars? Not too hard to do, If you start when you're 18, that's saving and investing $5 a week. But if you wait until you are 21, it rises to almost $50/week. Get a good financial planner to help you, or read some books on basic investing. And the most importantt thing: Know where you spend your money! Most people don't reaiize that a $4 coffee each day for 10 years means you have $14,600 less to invest. Double that amount every 7 years (Assume standard interest) and see how much that cooffee really costs you! Good luck, you can do it!
2006-07-07 23:26:35 · answer #2 · answered by mvsopen 3 · 0⤊ 0⤋
The answer to what appears to be a question from you has four parts: work, save, invest, and reinvest. Notice that spend is not a part of the equation. Any money you don't save for investment is to be used for what you need and minimal entertainment. When you save money from your work and invest it, it will grow because of interest and assets appreciation. Then, you reinvest some of your earnings in other things. And that's what will bring you wealth. You have to keep a portion of your money and you have to make it work for you in the same manner that a chicken hatches the eggs she lays. The chicks grow into more chickens which will also lay eggs, some of which will also hatch, and so on, and so on.
Get the idea? Good luck!
2006-07-07 23:32:23 · answer #3 · answered by quietwalker 5 · 0⤊ 0⤋
There are many ways to do it..., one is buy land..., develop it...., sell... mind you it doesn't hurt to already be one... Buy houses..., let someone else pay your mortgage..., then once you have some serious capital..., go for apartment buildings etc...., in no time you'll be worth a million bucks... Or find a product that isn't out there..., or better than what's out there... But whatever you do..., don't waste your time on stocks or mutual funds..., waste of money... Getting a 5 to 8% return while being rated a high risk is a real waste of money.... Oh.., there are real quick ways too but the likelihood of getting a substantial return on your investment is like 1 in 14 million or so..., also a waste of money but I do it...
:-)
2006-07-07 23:32:43 · answer #4 · answered by jordan912 4 · 0⤊ 0⤋
Work your butt off and don't spend any money. Hoard it away in accounts that yield the highest paying interest, reinvest like mad, and try to get everyone else to treat you to lunch and dinner. Live off of other people by mooching but never paying back, and your money will go further. Get someone else to pay your bills, live at someone else's home, move often as they will get tired of your freeloading. And - trust no one. They may want your millions.
Or - forget about money so much and enjoy life to the fullest - many of the most important things in life are free or cheap!
2006-07-07 23:24:45 · answer #5 · answered by still learning at 56 5 · 0⤊ 0⤋
Work hard and smart.
Invest early and responsibly without taking gambles.
And let your investments grow for years.
And always know that honesty and friends are more important than money.
2006-07-07 23:22:40 · answer #6 · answered by milliondollarman 2 · 0⤊ 0⤋
become a billionaire, automatically u will be a millionaire.
2006-07-07 23:25:39 · answer #7 · answered by yourownlove 3 · 0⤊ 0⤋
Win the lotto.
2006-07-07 23:22:41 · answer #8 · answered by honey 2 · 0⤊ 0⤋
turn everyone in china into a 1 dollar bill. hahaha.
2006-07-07 23:23:09 · answer #9 · answered by Anonymous · 0⤊ 0⤋
stop paying bills, taxes etc and never spend any cash is a good start
2006-07-07 23:22:56 · answer #10 · answered by Valley Mental Health tooele Utah 4 · 0⤊ 0⤋