2007-03-21 11:43:36 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
You should ask, by when do you want to be a millionaire?
If your answer is 30, 40 years time, then you can go for mutual funds, save 10% of your income. Read The Millionaire Next Door.
If you want to accelerate this time, then you need another set of mindset and tools.
Saving 10% is not enough to get you rich in 10-15 years time.
You have to fully utilize the concept of leverage. Use leverage in business or investing. You need a different ways of building wealth, you need to be different from the traditional way.
2007-03-21 14:05:22 · answer #1 · answered by skyjoe76 2 · 0⤊ 0⤋
1) start a business
2) max on your 401k
3) automated deduction to a mutual fund.
check out The Automatic Millionaire by david bach.
2007-03-21 20:21:01 · answer #2 · answered by bluebearstuff 1 · 0⤊ 0⤋
Hmm...lets see.
Get a job and become successful.
Play the lottery.
Marry a rich person.
Dream...dream...dream!!!
Good Luck!!
2007-03-27 13:35:19 · answer #3 · answered by Pepper 6 · 0⤊ 0⤋
Please read and follow instructions in "How to get rich" by Felix Dennis.
2007-03-21 18:57:09 · answer #4 · answered by j_stahl99 1 · 0⤊ 0⤋