how to be a millionaire?

Answer 1

This is only if you want a brighter future for your kids, thats the least you can do. They will be millionaires at age 33.
heres what you do:
you get two credit cards, and a huge loan from a rich bank. You deposit the loan into your checking account in your local bank. you spend the money on your credit cards towards opening a retirement CD. Then you deposit the 40,000 dollar loan in the CD and let it sit for 33 years. The interest will explode and your family name will be be lived on forever by a simple sacrifice. This method is only for grandparents who's sons or daughters are having newborns, and they know they are about to die soon. so pulling up a loan and not worrying to pay it is answered there. Also it still isnt too late for you.

it may take up to being atleast 60 years old before you live the good life. if you are 18, you will retire at 51. and that is better than living your whole life slaving and worrying about money. doesnt that suck that you have to work that much for 33 years. guess what, its still not over. you have to research. look for realestate. invest in land. invest in gold. all of that stuff will matter to you when we fall into our next depression. it is a preperation worth going for. so i hope i helped. oh yeah i forgot, im not a millionaire, but that is the only way, and stocks is a good way to go also. Im living a average life and i truly think that money is the root of all evil. i used to make counterfiet money and travel the us spending them. but i was caught but due to a clean record, i was slapped a heavy fine and a low sentence (less than a year)

besides, how they say it, hard work never hurt nobody. and remember to use your passion and make it into something for a service. everybody has a talent. you must use your special talents as a service, and you will make a true investment. and not to mention, it may get lonely on top. once you get all the money you want, life isnt exciting as it used to be, you want more challenges. so consider that. God knows who to choose when choosing millionaires. Good luck.

Answer 2

Knowing your strength and weakness first. Fully leverage on your strength.

What do you love to do? What is your hobby? Turn it into a business. Most millionaire do the things they love.

When do you want to be a millionaire? If you are willing to wait 30, 40 year, you can save 10%, invest and wait.

But if you want to accelerate the process, you need to used a completely method. Start a business, diversify with multiple source of income, reinvest the money.

There are many more about being a millionaire.

Answer 3

I am a millionaire. The thing is, that you would never know it. I drive an average minivan, wear simple clothes, eat at home almost exclusively, and never take big lavish trips.

You have to think carefully about what you are really asking here. Do you want to **be** a millionaire, or do you want to **live like** a millionaire - there is a very large difference.

To live like a millionaire is one of most people's dreams. This is easy, throw your money around all over the place having a wonderful time. The problem is that 1) you have to have the money to throw around, and 2) while you are out partying, you are not making any money. This lifestyle usually comes crashing down when ones expenses have exceeded their income for a while. For your own good, give up this dream - it exists only on TV, and even most lottery winners burn through their money in no time.

To **BE** a millionaire requires self-discipline. It means not only trying to maximize your income, but minimize your expenses. You simply don't have money that you have spent - a millionaire is not someone who has SPENT a million dollars, it is someone who has NOT SPENT, but has EARNED a million dollars.

Try to save about 40% of your pre-tax income every year. Many financial advisers recommend only 10% per year, but if you want serious money, you have to seriously save.

Invest your savings conservatively. You worked hard for your money, it should work hard for you. Riches don't come easily, so don't bank on the "big win" in the stock market - it is not going to happen.

If you are not confident enough to make your own investment decisions, then you had better educate yourself. Absolutely nobody cares more about your money than yourself. To anybody else you are simply another means to make money - they may not be trying to steal your money, but they are only selling you services. Remember that - every financial adviser is trying to sell you something, they are looking after their own self interests, not yours. Get professional help if you need it, but at least have the knowledge to verify the job that they are doing.

Don't go into debt - spending money that is not yours may be fun in the short term, but paying it back plus interest is not.

Learn how to do your own taxes. Income taxes will be your #1 expense as a millionaire (I pay about 8 times more money in income taxes per year than I spend on living expenses). DO NOT CHEAT ON YOUR TAXES - this cannot be stressed enough. If you have a lot of money and cheat, you WILL be caught and you will lose far more than you ever could gain. If you want to avoid taxes, legally move to a low or no tax jurisdiction (although this can be difficult for US citizens who owe taxes to the US regardless of country of residency).

Marry well or not at all. I don't mean in terms of social levels, but in terms of personality. You will not have a good time breaking your back to earn money while battling a spouse who tries to spend it slightly faster than you can earn it. I married while poor to a wonderful woman who compliments me in every possible way. My life is far richer with her here, but that is only because she is supportive and knows the value of the money that I have saved. If you try to get married after you become wealthy, you will have a nearly impossible time to separate the gold diggers from the nice ones - everybody can act nice when they see a nice prize waiting for them.

Don't give a darn about what other people's thoughts of how you live. I don't have a cell phone, a sports car, a vacation home (or any home for that matter), designer clothes or an entourage. People who try hard to impress have little with which to impress you.

Spend less than you earn - this is the ultimate secret to wealth. It is not exciting, and it is not fast, but it is the nearest thing to a sure thing that you will get in this life.

I sincerely wish you the best of luck.

Answer 4

Very Good Have a Star

Answer 5

Lsten to some of the ways to make money that get posted here, but you have to have 2 million dollars to start with.

Answer 6

Always live below your means and invest every penny that you can.