When will I be a millionaire?

Question

I'm serious.

Answer 1

You have to work hard. Actors, Donald Trump, Martha Stewart, and others don't sit on their butts all day, tapping on computer and writing blogs.

Answer 2

There are currently about 8.9 MILLION households in the US that include someone with a net worth of $1,000,000 or more. About 25 million households have a net worth between $100,000 and $5,000,000.

You will be a millionaire when you learn that there is no secret to being a millionaire! All you need to do is to spend less than you earn, and invest the difference.

Your chance of winning the lottery is 1 in 7.1 million

Your chance of being struck by lightning is 1 in 76,000

Your chance of becoming a millionaire if you start investing 10-15% of your income in the stock market before you are 25, and you keep doing it for at least 25 years are pretty close to 1 in 1!

Answer 3

You don't have to work harder, you just need to work smarter. Don't do what the masses are doing. Most people go to work for someone else. I can tell you that when you do that you will never get paid what you are worth. If a company did that they would go out of business.

Personally I started two businesses. I mean honestly in life, the small money is made by employee's. The big money is made by Business owners, because they learn THE POWER OF DUPLICATION (sorry for the caps but I want to get the point across). Take Bill Gates for example...if he went on holidays for 6 months of the year would Microsoft collapse... absolutely not. When Ray Kroc died did McDonald's close down... nope, he died over 10 years ago, and McDonald's is still going strong!

You don't need to reinvent the wheel either. I would suggest reading Cashflow Quadrant by Robert Kiyosaki. Then if you have any questions e-mail me one_superbabe

Answer 4

Becoming a millionaire isn't something that just happens one day. You will have to work harder that the average person to make this happen. No sure way to become a millionaire but I spend time around millionaires all of the time in my business and I was given a great piece of advice by a very successful person one day. He said: If you want to be successful in life you have to follow two rules.
1st: Do what everyone body else is doing. (Go to work, pay your bills, try to save money, etc.)
2nd: Do something else! Most people just go to work and hope that someday it will pay off, the truth is, you have to do more than just go to work to be successful these days. Find another way to make money and keep all of it, don't spend it no matter what. Make sure the second thing is something that you enjoy so you don't get burned out. Good luck!

Answer 5

When you develop a millionaire mind! Read "Secrets of the Millionaire Mind" by T.Harv Ecker. I just read the book and went to a weekend seminar, "Millionaire Mind Intensive." What an experience!

Answer 6

If you start investing, say $5000 per year in a mutual fund that pays on average 10%, you will have a million dollars in 31 years.

If you bump the yearly investment up to $7000, the time to get $1,000,000 decreased to 27 years.

Just remember a $Million today won't be worth a million in 27 years.
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Answer 7

You will become a millionaire when you become a millionaire.Are you serious?

Answer 8

It's all up to you and how willing you are to work for it. This is America and anything is achievable. Good luck!

Answer 9

You never will be if you continue to ask question such as that on Yahoo! Answers.

Answer 10

Probably on the same day I become one.