1. Make a budget and stick to it.
2. Get out of debt, if applicable. You will never get as much interest on your investments as you pay on your debts.
3. Save money for emergencies. Flat tires or medical expenses can throw off your plans!
4. Save long term money (10% of your income is a good rule of thumb, more is better) in high-yield accounts. Don't forget your 401(k) or other retirement investment.
The link below will show you some stats and figures to get you thinking!
2007-03-06 14:37:35
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answer #1
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answered by calliope320 4
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If you need someone else to tell you how to make a million dollars in five years, you are lost. You may as well start signing up for every get-rich-quick-scheme in the book. Then when you turn 30, tell us how it went. (It was supposed to happen before I turned 30, but I am 30 now)
2007-03-06 22:59:34
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answer #2
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answered by Ethan 3
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A million dollars in 5 years is a very attainable goal if you go about it the right way.
First, the basics to creating serious wealth:
1. Eliminate Debt
2. Reduce income taxes
3. Reduce major expenses like mortgage
4. Create wealth through international investments
5. Protect your assets through proper organization
6. Increase your income to match your goals
7. Sustain your commitment to personal growth
For each of these specific bullet points, I can show you exactly what to do and how to do it, if you're interested.
2007-03-06 22:14:14
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answer #3
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answered by jayne_galaxy 3
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if you are serious about it..you should try a work at home program...i have a few friends who have made a million dollars in a 6 year time...it requires a lot of work to make a million dollars but it is achievable...for more info visit the link below
2007-03-06 21:26:35
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answer #4
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answered by jprata84 2
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why don't you focus on making $10,000 instead and being debt free? That is an achievable goal, a million is pie in the sky.
2007-03-06 21:03:22
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answer #5
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answered by Anonymous
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I'm starting on my third million now! I gave up on the first two.....
2007-03-06 21:06:12
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answer #6
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answered by Anonymous
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I have a million!! Philippine pesos. ^^
2007-03-06 21:13:45
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answer #7
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answered by Geeeyaaa 4
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