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The thing is the more I work the more broke I become it seems. I don't come from a wealthy family and i'm concerned about my future. Are there any rags to riches stories out there? I would find that really encouraging right now!!! Thanks!

2007-11-25 12:45:25 · 5 answers · asked by Christa 5 in Business & Finance Personal Finance

5 answers

Most millionaires today are first generation millionaires. That is, their parents were not upper class. These people know that slow and steady wins the race. Would you like an example, if you invest just $100 a month your working life from age 20 to 65 making the stock market average of 12% over the last 80 or so years, you would have almost 2 million dollars. Your pizza and cable money could change your family tree. The key is to spend less than you make and make it a priority to pay yourself first. Children do what feels good, adults devise a plan and follow it. Decide today that you are going to be on a written game plan, write up a budget and trim your expenses. The only way that you will build wealth is when you become fed up with the debt that you are in and the way you are managing money and decide that you will be wealthy one day.

Hope this helps!

2007-11-25 16:12:11 · answer #1 · answered by Anonymous · 0 0

There are THOUSANDS of 'Rags to Riches' stories and many 'Riches to Rags' stories. There is a common theme to ALL of them. No matter what your income, you MUST learn to live on LESS. If you do, you can retire a millionaire without ever earning more than $30,000/year. If you don't, you can earn $20,000,000/year and die in debt.

2007-11-25 14:52:10 · answer #2 · answered by STEVEN F 7 · 0 0

im a rag to riches story on a come up and soon im going to be really rich and famouse when i get my record deal but in the meen time im a bartender and i make alot of money and im in school too

2007-11-25 12:50:14 · answer #3 · answered by Anonymous · 1 0

try to keep a balance between your spending and earnings on daily basis you know your needs?

2007-11-25 15:52:52 · answer #4 · answered by dust s 4 · 0 0

my name is antonio montana, I am from havana cuba. I distribute cocaine.

2007-11-25 12:54:48 · answer #5 · answered by David 3 · 0 3

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