how to be millionaire?

Answer 1

The old fashion way..... Go to school.. get a job.. and save your $$...

Answer 2

in the day it is not a bit of a problem at least on paper anyway.

first never rent if you can buy -- real estate will go down but over time it will make money -- where else can you get say 40000 of equity growing with no investment but your monthly payment. speaking of monthly payment if your loan company is saying 9% ask them to finnance at 3/4 percent a month on the unpaid balance. you willl not have a set payment, and if you do this and throw as much as you can each month you will pay it off quickly with less overall interest.

next seek ever tax break you can get if u are in high school or college and have a part time job - you should be putting at least 10% of your money into a roth ira. up to 4K a year

if you are a full time worker make a budget and stay with it
first item in any budget should be at least 10% of your money into savings.

apply for a rewards credit card and charge all of you every day expenices on it -- except the ones that charge a surcharge like some utilities have those taken out of your checking account. do not worry about interest charges cause you are not going to pay any -- you will pay off your balance each month, i usually charge upwards to 32K yearly on my card and not one cent of interest.

find a local bank you like and get to know the banker and his staff.

everybody says they have a car payment -- i use to now each month i make a 534 dollar payment into my car account and when it is time to upgrade i withdraw my money and buy the car -- i know most will say what about zero financing during that time period i got a better deal paying cash than what i would have received in a account paying 5%. speaking of cars if possible always go back to the dealer where you got your last vehicle.

these may be little things but like they said in the service "don't sweat the small stuff -- but in money management it is the small stuff" that will make or brake you."

and you would be very surprise you the true millionaires are your area.

Answer 3

One work "plastics" Sorry old answer from the 60s in the Graduate.

Compound interest is like a miracle for getting wealth. Live well below your means and invest in things that increase in value. Stocks have returned about 10% a year over decades so a small amount invested a long time ago is worth a fortune now. The more you invest and the sooner you start the wealthier you will be.
Figure it out if you put 1,000 into an investment paying 10% what would it be worth in 40 years? What would putting 1,000 in every year be worth in 40 years? Either way you will be wealthly simply from the compounding.

Answer 4

well maybe you can try this website below. I started my online business only recently and it gives me a decent income for a newcomer like me. Moreover, she is a local and so far help me a lot. If you have any query, feel free to ask me.
This program will not guarantee you will be making money within 10 min or half hour but it definitely will make money in the long run. We are talking business here and not some GET-RICH-QUICK program. For me, I get my first sale of $33.90 just straight after one day.

Answer 5

It really a matter of mathmatics... Take a look at this doubling chart (14 steps to a million)...Now give me to the end and I'll explain it...

$100
$200
$400
$800
$1,600
$3,200
$6,400
$12,800
$25,600
$51,200
$102,400
$204,800
$408,600
$1,000,000 (ok I added a few)

But understand this. If you can find away to make $100. Then invest that money to make $200. Then use that money to make $400. Then use that money to make $800 and so on. Continue to make money and then reinvest it. Real estate, info products. Anyway here's a cool new blog that has a lot of info on making money from home http://themakemoneyfromhomeblog.com it's cool, check it out and get involved.

Answer 6

Read THE AUTOMATIC MILLIONAIRE By David Bach & The S.O. Getting Rich Book

Answer 7

It's not a lot of money or even a real job for that matter... just a way to earn some extra cash in your spare time filling out free surveys online.

Sign up at http://urlkiss.com/1i and get $3 just to join. Minimum payout is $15. That means you just have to earn $12 to receive a check and see that it's legit for yourself. I made $200 last month just doing surveys.

Good luck in your job hunting :)

Answer 8

Accumulate assets (stocks, bonds, real estate) and watch them grow. Most people in this country do not have the discipline to become wealthy. They follow "the more you make the more you spent" mentality. If you can discipline yourself to live on 75% of what you make and invest the rest you will be wealthy. (Provided you don't make $10,000 a year.)

Answer 9

work hard. save. avoid debt. invest wisely. start a business (without borrowing money).

read the millionaire next door. it will tell you what your average "real" millionaire does... how they did it.

Answer 10

Save and Invest.

Answer 11

Find many great job opportunities to work on your own and make as much money as you would like. Check it out at http://www.mymoneytomanage.com and click on money ebook info. I have been able to quit my 9-5 to work on my own time.