how do millionaires get so rich?

Answer 1

they work..either that or someone in their family left them lots of money when they died..or they won the lottery

Answer 2

Read "The Millionaire Next Door." Paraphrasing key notes, since I don't have the book here to reference at the moment:

-The two ethnic groups with the highest percentage of Millionaires are Russians (who own a very high percentage of small businesses), and Scots (who are excessively thrifty and tend to live well below their means).

-Most Millionaires are entrepreneurs, they love running a business and creating a vision, the wealth is actually just a byproduct of them building something they love.

-Most Millionaires don't look like you'd think a millionaire should look. The typical Millionaire was married male, whose spouse is a coupon clipper. They don't have fancy cars, or fancy clothes, they save and invest. They think long-term. Often, those who look "wealthy" have very little real wealth behind it.

-Most of the small businesses they owned where in "boring businesses", dry cleaners, carpet cleaner, plumbing, insurance sales, etc.

-An high percent weren't born here, Americans went to college, got prestige jobs and lived the "good life". They where kept from building wealth by the expense of this. The immigrant Millionaires started businesses and saved, they didn't seek status possessions, they lived beneath their means, not above it.

Answer 3

It may not be as hard as you think. For example, a 30-year old making $50,000 a year (plus 3% raises each year), saving 10% of their income with a 10% return each year could expect to hit millionaire status at age 59. If they work until the traditional retirement age of 65, they will have over two million dollars saved up.

10% may sound like an aggressive amount of saving, but it could be a combination of employee contributions to a 401k plus company match.

Answer 4

Bureau of Labor Statistic U.S. state that of every new 100 millionaires created each year - 85 came from little or no money.
not lottery (tax on poor people), not inheritance, not embezzlement, not con /scam jobs - just hard smart work and living on less than they make.
note 16 yr old invest 2000$ each yr in IRA till 30 yr old - b4 they 55 they will be multimillionaire. working folks won't do what they wanna be wealthy and wealthy do.

Answer 5

Unless they are born into a rich family and inherit large amounts, most millionaires work hard and live below their income and save and invest.

Answer 6

from hard working,and making them selfs known for doing something special, if you want to be a millionaire invent something or go on a game show.

Answer 7

In my town, most of the REALLY rich people took over a family business from their parents. One person started a business on his own. Fastest way to riches is to be born into it!

Answer 8

work hard invest use other peoples money,start a business so on and so forth.Most millionares come from nothing and end up with a lot.

Answer 9

I suggest you to buy "The Aviator", "Million Dollar Baby", "The Greatest Game Ever Played", "Ray", "Prairie Giant: The Tommy Douglas Story" (Kiefer Sutherland's Grandfather) and after you are done just email me and I will email you more.

Answer 10

They either:

Are born into money.

Work hard for it (a.k.a. a business).

Are a con-man.