2007-09-28 17:25:55 · 3 answers · asked by BizWoman 2 in Business & Finance ➔ Personal Finance
Yes.
Re-invest it. The first million should always be reinvested so that subsequent millions will follow. You spend everything beyond the first million.
.
.
.
2007-09-29 05:07:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, many ideas can make millions. Anyone can make millions with the simple concept of living on less than you earn and investing. It is slow but sure. Get an education then a good job earning say 100K and living on 40K and you will have a million in a few years if you invest aggressively.
I am saving my first million for retirement. A million will give you a safe withdrawal rate of $40K per year and will make an excellent start.
2007-09-29 00:36:59 · answer #2 · answered by shipwreck 7 · 0⤊ 0⤋
1) No.
2) A Hospital.
2007-09-29 01:25:57 · answer #3 · answered by Anonymous · 0⤊ 2⤋