i wish that i would be a millionare
2007-08-01 10:21:36 · 7 answers · asked by Anonymous in Science & Mathematics ➔ Chemistry
It is very easy. You invest $500 for a mutual fund every month, then 30 years later you will be a millionare.
Reason: The average return of a mutual fund is 10% a year.
So in 30 years, you will have:
(1.1^30-1)/(1.1-1)*($500*12)= $1000000
2007-08-01 10:32:40 · answer #1 · answered by leon 1 · 1⤊ 0⤋
Here's the secret, step by step:
1. Put $1 (or one of whatever currency) into the bank.
2. Repeat step #1, 999,999 times.
There ya go!
2007-08-01 17:24:38 · answer #2 · answered by Wayne B 4 · 1⤊ 0⤋
To be a millionaire, all you need is a million of whatever your country's base currency is.
2007-08-01 17:24:11 · answer #3 · answered by lithiumdeuteride 7 · 0⤊ 0⤋
Dont we all wish that we were one
2007-08-01 17:28:37 · answer #4 · answered by Kal 2 · 0⤊ 0⤋
If everyone on here knew, we'd all be millionaires.
2007-08-01 17:25:28 · answer #5 · answered by Anonymous · 1⤊ 0⤋
1. hard work
2. perseverence
3. determination......
4. pray you're an heiress.
2007-08-01 17:24:41 · answer #6 · answered by Claire 1 · 1⤊ 0⤋
keep wishing
2007-08-01 17:24:12 · answer #7 · answered by sam 2 · 2⤊ 0⤋