2007-10-15 14:01:47 · 24 answers · asked by Anonymous in Travel ➔ United States ➔ New York City
Hard work--working long hour. Oh and you save whatever you make and not spend it. You put it back into the business.
2007-10-15 14:04:45 · answer #1 · answered by Cake17 4 · 1⤊ 2⤋
Time to educate yourself. Go read these books:
"The Millionaire Next Door", and "The Millionaire Mind". Both by the same author. Both will open your eyes.
Also, read "Rich Dad, Poor Dad".
Finally, read any of the financial books by Andrew Tobias. Read several of them.
Study economics, both in high school and in college. If you're out of college, it's time to sign up at the local community college. Take some finance classes, too. A couple of terms of accounting would help also.
The idea of all of this is to learn something about what it takes to become a millionaire, and a little bit about the flow of money in our economy.
Will it take time? Yup. you should take at least one finance class, and a macro economics and micro economics class. Add in the accounting, and there's 5 semesters, if you do them one at a time, and if you have the pre-reqs out of the way already.
Will it be easy? Nope. I had an econ prof who said economics is just common sense, made difficult".
Is it worth it? That's up to you...
2007-10-15 21:24:03 · answer #2 · answered by Ralfcoder 7 · 0⤊ 1⤋
Because they understand The Secret about the Laws of Attraction.
2007-10-15 21:11:36 · answer #3 · answered by Mr. Knowledgeable VI 7 · 0⤊ 0⤋
They either inherited a family buisness that took off and made their money that way, or they went to college and got masters degrees, went on to a buisness worked their way up or started their own and made CEO, making them the leading man/woman of the company, they make LOTS of money.
2007-10-15 21:05:40 · answer #4 · answered by austin v 3 · 2⤊ 0⤋
save save save. max out your companies 401k, get an roth ira and max it out every year. in 20-30 years you'll be a millionare.
other ways are: buy land, go to a sheriff's auction and buy a house and flip it, or rent it, turn down the a/c and heat, buy the generic brand, use coupons, only buy want you need, when you do buy stuff use only cash, use credit cards only in emergencies, show up to work on time, do a good job, when the time comes, sell yourself and demand a raise and/or promotion.
2007-10-15 21:12:13 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Most inherit it. Some are gifted and develop ideas/products that revolutionize the way we run our lives. Little things: velcro, twist ties, zippers, transfer bars.
2007-10-15 21:06:59 · answer #6 · answered by Bacse 6 · 2⤊ 0⤋
1) Inheritance from Daddy
2) Lucky break
3) Real Estate
4) Investing in the right commodity at the right time
5) Gambling
6) Doing something illegal
2007-10-15 21:04:52 · answer #7 · answered by Joe D 6 · 5⤊ 1⤋
they get rich by buying low and selling high and getting alot of people to buy from them.
2007-10-15 21:29:36 · answer #8 · answered by the grand super C 4 · 1⤊ 0⤋
For $19.95 (plus shipping and handling) I will tell you in my NEW book. LOL. That's how. :-)
or
make a website about new york ie. http://newyorkforum.us and provide FREE valuable info along with Google Ads.
2007-10-15 21:18:18 · answer #9 · answered by Jamerican Steve 7 · 1⤊ 1⤋
some go into realastate or they save most of the money they have extra or they win the lottery
2007-10-15 21:05:59 · answer #10 · answered by Anonymous · 2⤊ 0⤋