2007-08-15 13:30:57 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
There is no secret to becoming a millionaire. However much or however little you earn, live on less and invest the rest!
If you earn, say, $20,000 a year, if you can learn to live on $15,000 a year, and you invest the other $5,000 in a broad market mutual fund that averages 11% return a year, you'll have a million in about 60 years. If you earn $40,000 a year, and invest half of it, you'll be a millionaire in 15-16 years.
2007-08-15 13:42:27 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Provide a quality product or service that makes life easier or answers a problem for people. Provide it at a low price for mass consumption. Attend expos in that industry. Get distributors.
Invent something needed.
Don't have a product - service - or invention but still want to be a millionaire? Read The Automatic Millionaire by David Bach and do EXACTLY what it says. Period.
Also, read The So Getting Rich Book Daily. Follow the link at end of the book for more get rich secrets.
2007-08-16 03:34:17 · answer #2 · answered by Makes Sense 3 · 0⤊ 0⤋
easy = am a couple of time over -- start investing young (i started at 13) in a various things == enter the work force with a job that has a good benefits - including retirement -- take Early retirement find a second with good benefit and retire this time for good at 55. key is always to have the money you put away work as hard as you did to earn it!!!.
2007-08-15 13:41:03 · answer #3 · answered by mister ed 7 · 1⤊ 0⤋
cant be a millionaire but i can help you earn at least 100$ extra a month but prolly closer to 300$, go to http://chanson09.blogspot.com/ for more
2007-08-16 05:55:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Get at least 2 jobs .
Find the cheapest rental that is clean and bug free .
Invest all your savings . (study Yahoo finance investing education )
Continue to live below your means while investing the excess .
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2007-08-15 13:38:00 · answer #5 · answered by kate 7 · 1⤊ 0⤋
Get an MBA and you will be a millionaire in a decade or less.
2007-08-15 14:42:27 · answer #6 · answered by Anonymous · 0⤊ 2⤋
If you start saving a little right now, you will be a multimillionaire when you are ready to retire. Look into investing your money ASAP.
2007-08-15 13:36:16 · answer #7 · answered by Anonymous · 1⤊ 0⤋
"Early to bed,
and early to rise,
work like hell,
and advertise."
-- Ted Turner
2007-08-15 13:42:30 · answer #8 · answered by Diana 7 · 1⤊ 0⤋
buy lottery tickets and pray like hell
2007-08-15 13:38:14 · answer #9 · answered by old man 3 · 0⤊ 1⤋
http://www.freewebs.com/skywall/other.htm#12188855
Go there :)
2007-08-15 13:37:38 · answer #10 · answered by sahu 1 · 0⤊ 0⤋