2006-09-24 04:34:35 · 8 answers · asked by Kathi T 1 in Family & Relationships ➔ Family
Superb credit, a great tax advisor, own your own business to shelter money, good reliable income from many sources. Many sources of passive income (read "Rich Dad, Poor Dad").
That's my guess. I'm not there yet, of course.
2006-09-24 04:39:35 · answer #1 · answered by 2 2 · 0⤊ 0⤋
I know a family that has a 3 million dollar home, and much to everyone's surpise, the are very down to earth and hard working people. They bought the house quite a while ago, and have since paid it off. Over the course of them living thre, they made many improvements as they (father and son) are both in the construction and renovation business. The mother/wife ran a day care center out of their basement. This is just one case...
I am sure what area you are from, but where I live (in a small apartment) there are many million dollar plus homes. You would be surprised how many households make between 100 and 500 thousand dollars each year. They are mostly in the suburbs of big cities. This is how they can afford it.
2006-09-24 11:42:35 · answer #2 · answered by neon49 3 · 0⤊ 0⤋
Simple, earn 2-3 million to look after it well
2006-09-24 11:41:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Thats an easy one... and the answer is....
Be able to repay the monthly mortgage...... by earning enough money per year !!
2006-09-24 11:39:21 · answer #4 · answered by WizD 3 · 0⤊ 0⤋
Make lots of money?
2006-09-24 11:42:58 · answer #5 · answered by nursesr4evr 7 · 0⤊ 0⤋
We'd ALL like to know the answer to this one!!!
2006-09-24 11:39:55 · answer #6 · answered by xxx 4 · 0⤊ 0⤋
"Finance it Baby!"
It's the gluttony of America.
2006-09-24 11:40:19 · answer #7 · answered by shawn s 2 · 0⤊ 0⤋
Ummm, Hell if i know. You tell me! How can they?
2006-09-24 11:36:14 · answer #8 · answered by patricia c 2 · 0⤊ 0⤋