How do I become a millioner?

Question

corporation, working for others, networking quixtar?

Answer 1

Get checkies from little old ladies!

Answer 2

Man there's some ignorance about Quixtar around. You might want to check out http://www.thetruthaboutquixtar.com for some real facts.

Anyway, to the question. First of all you have to define exactly what you want. A millionaire is somebody with more than a million in assets. When the property you live in is included that often doesn't mean much. Many millionaires have lifestyles that frankly suck. I recommend reading "The Millionare Next Door" and "The Millionaire Mind" by Thomas Stanley - gives a real insight into what millionaires did and what their lives are like.

Also, read Robert Kiyosaki's "Rich Dad, Poor Dad". For most of us, it's pretty much impossible to become a millionaire if we are employed by others. Yes, you can live very frugally and save and maybe have a million bucks by the time your 50 or 60 - but inflation means it's not much then anyway. By far the majority of self-made millionaires got that way by starting their own businesses.

Amway and Quixtar, if treated properly, are such businesses, and have created more than 4000 millionaires around the world, so it's certainly possible that way. But keep in mind that all businesses take time and effort.

Work out what you want, work out when you want it (be realistic), then work out how to achieve it. Simple really! :-)

Answer 3

Your chances of fooling with an MLM and getting lucky are no better than playing the lottery, which, if you have to make this awful choice, then play the lottery for at least it is legal.

Other than that, I am afraid the only way is the hard way.
Start saving your money and put it in an interest bearing account such as Money Market. Make a plan or a budget and you will likely want to start small, then gradually build over the years, until you are depositing roughly 5,000 / year. If at first you can only put aside $20 / month, that's how most folks get started.
Over time, about 40 years later you will have your million.

Answer 4

Print your own money!

Okay.. you'd end up either rich or in jail - depending on how good you got.

Honestly though? There is nothing more that you can do to become a millionaire that work hard, pay attention to your finances, set yourself a goal (which you have), and make a plan to get there - then stick to it.

That or come up with a great invention that will net you millions.

How about the pet rock?

Answer 5

Depends on where they work. Politicians at the state level or lower usually get very little, unless they live in CA. At the national level, they make all kinds of money. Some members of Congress actually make more than the president. You just got to find a lot of rich people to support you, run for a national office, and then start watching the money flow in.

Answer 6

starting at age 25 invest $10,000 in a few diverse index funds that include every asset class and $4000 a year thereafter and let it sit. at the average return of the last 100 years:

by the time you are 55 you will have $1,000,000 ..
by the time you are 63 you will have $2,000,000 ..

exponential baby.

funds i am talking about are boring, cheap, index funds. these few cover most of the world:

vti - entire american market
efa - most other developed nations
eem - undeveloped nations (emerging markets)

45% vti
45% efa
10% eem
is a proper mix.

i am not plugging these funds.. they are just good examples of super low cost index funds... any of the sort will do.

Answer 7

Screw the MLM's like quixtar.

The first step to becoming a millionaire is learning how to spell the frickin word.

Go get a real education. Then maybe you'll have the background to make some real money.

And ultimately, creating a business is the best way to become a millionaire.

Answer 8

1. Come up with an innovative idea
2. Plan out how you are going to set your idea into action.
3. Start your idea.
4. Promote! Promote! Promote!
5. You are on your way to being a millionaire

Answer 9

You're probably gonna have to start your own business. Working for others will not make you rich. As for quixtar, I think it is a pyramid scheme. I almost bought into it too! Check out www.entrepreneur.com it is full of ideas! Good luck!

Answer 10

Hello, yoyo you don't want to have anything to do with Quixtar you will be spending 200.00 a month buying there products just to get a 7.00 check. If your interested in starting a online business email me I can help? whatever you do Quixtar will burn you

Answer 11

Owning you own home business. And stay dedicated do let anyone tell you that your not doing the right thing. Follow you heart.