2007-03-28 14:23:38 · 7 answers · asked by orchardAZZ 2 in Business & Finance ➔ Investing
Dont do that
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2007-03-29 00:27:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The most realistic way to become a millionaire is to save as much money as you possibly can and invest it wisely. The stock market tends to return about 10% per year on average (which is higher than other types of investments over the long haul). Over 30 years an investment of 1 dollar at a ten percent return rate should grow to $45.
If you want to get into the stock market easily I'd recommend opening a brokerage account and investing in exchange traded funds that track the S&P 500 (SPY and IVV are two examples).
2007-03-28 21:44:58 · answer #2 · answered by Adam J 6 · 0⤊ 0⤋
The first suggestion is to look at the archives right here on Yahoo Answers because this question is asked time and time again. It's possible to become a millionaire but you have to dedicate yourself to it. You cannot expect to save money and spend it... it's one or the other. Live within your means and base your purchases on needs rather than wants. Save for the future. Discover what your talents are and use them to your advantage. Network with the wealthy to learn their secrets. Read bios of millionaires and billionaires. Education is a key to success. Plan your work and work your plan.
2007-03-28 21:43:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It's simple
Get a billion dollars and invest it in any airline other than Southwest ticker symbol: LUV and you'll be a millionaire in no time.
2007-03-28 22:52:31 · answer #4 · answered by armenharoutunian 2 · 0⤊ 0⤋
There isn't really any secret, its just a matter of having the willpower to follow through on the steps.
Ready?
Work hard. Do what you love. Save your money. Invest in great companies at good prices. Be patient.
Best of luck.
If you want a start, look at buying stock in Johnson & Johnson (JNJ). My rationale is at http://www.valuestockreports.com/jnjbrief.htm
2007-03-29 14:56:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Very simple! CNBC has unveiled its latest portfolio challenge, with the winner walking away with a cold hard cash of real money one million dollars grand prize. If you are a US resident and 18 years or older, you can join the contest online now, and it is absolutely free. One million dollars is on your fingertips. You can also be $10,000 weekly prize winner. Want to check out? Go to www.trailingmoney.com for more information, then go to CNBC website to register and play.
Good luck!
2007-03-28 23:32:04 · answer #6 · answered by purplemollies 3 · 0⤊ 0⤋
First think that you are, then feel it, and then visualize it...You will attract whatever you want to experience in your life with your thought, feelings, and visualizing want..read the Law of Attraction by Hicks
2007-03-28 21:53:42 · answer #7 · answered by Eduardo A 2 · 0⤊ 0⤋