Were Bill Gates, Warren Buffet, Michael Dell, Sam Walton, etc. already rich when they started out? NO! How about the owners of the small chain of donut shops, tire shops, dry cleaners, etc.? Hell no.
Two people in my immediate family have both become millionaires. They grew up lower middle class. None graduated college, although both did attend some. None were given any large amounts of money.
One did it by taking $8K that he had saved, and starting his own business. It took him about 5 years of 10 - 14 hour work days, and smart decisions to make his first million. Until he became a millionaire, he plowed almost all the money he made back into the business, living in an old rental house driving an old car. 4 years later he become a multi-millionaire.
The other did it by working average retail jobs, while saving scrupulously for years. She bought a house, and continued saving. Years later, she sold the house and used the proceeds to buy a failing business. She turned that around and sold it, and bought another failing business, and then another. Eventually, she too became a millionaire in her 50's.
Many millions of others do it to, simply through living beneath their means and saving and investing their money wisely over long periods of time.
Your attitude, and the attitude of many here is a cop out. An excuse. It's easier to blame someone else, or say they didn't have to make it. Horse Manure!
You want money? Work for it. Make smart decisions, with your both your life and your money. Take some risks. Live beneath your means now so you can be rich later.
Read a couple of books like The Millionaire Next Door and Automatic Millionaire to see what I'm talking about. Coming into money doesn't just happen because you have money.
2006-07-24 11:59:55
·
answer #1
·
answered by Uncle Pennybags 7
·
0⤊
1⤋
Money gives the impression of more to come. Nobody invests in something where no money has been put or already exists. If one is to start an activity with no financial input then one has to provide investor confidence that know-how will result in a profitable return on investments.
2006-07-24 10:12:51
·
answer #2
·
answered by NAN 1
·
0⤊
0⤋
If you have the money to capitalize on opportunities, then more will seek you out. The trick is amassing enough capital. That means taking risks, which few will do.
2006-07-24 10:08:47
·
answer #3
·
answered by Anonymous
·
0⤊
0⤋
People with $ make the laws in their favor, give themselves pay raises, etc. !
2006-07-24 10:09:33
·
answer #4
·
answered by Anonymous
·
0⤊
0⤋
What exactly are you asking? Be more specific in your question & maybe you'll get a specific answer.
2006-07-24 10:09:22
·
answer #5
·
answered by Anonymous
·
0⤊
0⤋
the rich get richer while the poor get poorer
2006-07-24 10:08:03
·
answer #6
·
answered by janet 3
·
0⤊
0⤋