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2007-02-20 05:16:31 · 8 answers · asked by vipul s 1 in Business & Finance Investing

8 answers

Recipe:

1. Get an education so you can do something productive
2. Live below your means
3. Save aggressively and let compounding work for you
4. Avoid debt so compounding doesn't work against you
5. Let simmer for a few decades

Along the way, you may find that the journey is more important than the goal.

2007-02-20 08:58:48 · answer #1 · answered by Randy H 4 · 0 0

Time is the most important factor and then yield then money.
$1,000 each year for 50 years compounded with a 9.5% yield.
$5,000 each year for 20 years compounded with a 19.5% yield.
$30,000 each year for 10 years compounded with a 22% yield.

2007-02-20 08:23:03 · answer #2 · answered by gregory_dittman 7 · 0 0

To hardwork the any job and take searious in mind than only sucess in life... to take a loan frm bank in less interest and put in same bank in securites to get high intrest...

2007-02-20 05:47:52 · answer #3 · answered by yahaan_kh 1 · 0 0

Millionare of what currency ? Is it in Japenses yen? then it is easy

2007-02-20 05:29:10 · answer #4 · answered by renganathan g 2 · 0 0

Disciplined and consistent savings and periodic diversified investments long term with loads of patience and tolerance.

2007-02-20 19:19:57 · answer #5 · answered by ramcam 1 · 0 0

Do something that makes good money then follow the instructions. (I read the article on Yahoo Finance)

2007-02-20 19:29:30 · answer #6 · answered by Red 5 · 0 0

Find a way to get 1million people to give you $1.

2007-02-20 05:24:22 · answer #7 · answered by whodeyflya 6 · 0 0

yes,only became honestway.

2007-02-20 17:05:16 · answer #8 · answered by Anonymous · 0 0

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