2007-11-02 06:19:15 · 16 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
lots of them inherit money and invest it well!
2007-11-02 06:22:04 · answer #1 · answered by lee 5 · 1⤊ 2⤋
By owning assets and spending very smart. They spend thier money on items that will generate more money, so it creates a snowball effect. The poor buy useless goods that only end up in the trash.
Few millionaires are inherit thier money, and more are working hard. In order to support a lavish lifestyle they must be very smart about the decisions they make.
2007-11-02 13:24:30 · answer #2 · answered by chrispmv 2 · 0⤊ 0⤋
Spending below their means, not using or holding a balance on credit cards, and always always paying themselves first (socking away 10% into some sort of investment).
There was an article that a PARKING ATTENDANT making less that $30,000 / year became a millionaire doing this.
Buy the book, "Millionaire Next Door" and it'll give you all the tips.
2007-11-02 13:22:36 · answer #3 · answered by Tom C 3 · 4⤊ 0⤋
Only 2% of millionaires inherit. To get rich, think rich. Rich people read books to educate themselves, poor people watch tv and wish they were smarter. Rich people take action, poor people watch tv and talk about what they would do if...then they go back to watching tv.
Stop watching TV
Read Books
Educate yourself
Get your finances under control
Invest wisely in what you know
Dont get rich fast, get rich smart.
2007-11-02 13:51:57 · answer #4 · answered by Clown 3 · 0⤊ 0⤋
thinkk about it... they usually work hard for many years like Bill Gates--- sleeping in a corner of a computer room ... studying... and there rich
2007-11-02 13:23:12 · answer #5 · answered by viru 1 · 0⤊ 0⤋
Luck, Persistence and being in the right place at the right time? Right?
Or am I just bitter? LOL
2007-11-02 13:32:59 · answer #6 · answered by timcdfw 2 · 0⤊ 1⤋
Over work your employees for little pay, raise gas prices illegally and overcharge for electicity, wait don't forget outsourcing rebuilding contracts to the u.s. for the rebuilding of iraq.
2007-11-02 13:22:46 · answer #7 · answered by Anonymous · 2⤊ 2⤋
personal sacrifice...not listening to the voice of immediate gratification...working smart...networking....and usually off the broken backs of their workers.
2007-11-02 13:23:50 · answer #8 · answered by Anonymous · 0⤊ 0⤋
By taking way too much money from other people, and hardly spending a penny.
2007-11-02 13:23:08 · answer #9 · answered by dazedandconfused 4 · 2⤊ 2⤋
Making good decisions, luck, and hard work. All the above....Hitting the Lottery.
2007-11-02 13:23:00 · answer #10 · answered by Anonymous · 0⤊ 2⤋
By taking the money of poorer people.
2007-11-02 13:21:33 · answer #11 · answered by C D 2 · 2⤊ 2⤋