2007-12-02 06:32:02 · 17 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
be a CEO when you grow up
2007-12-02 06:35:07 · answer #1 · answered by Erick 4 · 0⤊ 0⤋
How long do you have? If you invest $100/month in an AVERAGE mutual fund, you will have $1 million in 464 months or 38 years and 8 months. At $300/month it takes just under 30 years.
80% of all US millionaires are first generation millionaires. The typical answer when asked how is along the lines of "I worked my a** off for 30 year and suddenly, I was an overnight success."
2007-12-02 06:54:48 · answer #2 · answered by STEVEN F 7 · 1⤊ 0⤋
spend 20% less than you make. Save and invest that 20% for 30 years and you'll be a millionaire.
2007-12-02 11:50:21 · answer #3 · answered by voluntarheel 5 · 0⤊ 0⤋
1. Earn More
2. Spend Less
3. Invest Your Saving.
2007-12-04 05:05:41 · answer #4 · answered by ChampDog 3 · 0⤊ 0⤋
Invest $3000 per year in a Roth IRA starting when you are 25 and by the time you are ready to retire you will have over four million dollars.
2007-12-02 06:36:21 · answer #5 · answered by Tracker 6 · 1⤊ 0⤋
What i did is invest $1,100 to buy 1,000,000 iraqi dinar. I hope that if the speculation pans out ill be a millionaire by 2010. If you want more info go to http://www.investorsiraq.com Good luck.
2007-12-02 11:43:40 · answer #6 · answered by dennisgonzalezdgm 4 · 0⤊ 1⤋
You need an idea and then keep selling it till the money comes in. watch the gurus of the sales world
2007-12-02 06:38:37 · answer #7 · answered by Barbarian 5 · 0⤊ 0⤋
Yes, start investing, set up 401K if you start early and invest even a little at a time it will come a long way.
2007-12-02 06:35:40 · answer #8 · answered by mishkin 5 · 2⤊ 0⤋
Become a billionaire and marry a beautiful blonde,
In a very short time you'll be a millionaire.
Good luck
2007-12-02 06:35:59 · answer #9 · answered by Nvr2soon 6 · 5⤊ 0⤋
Save early, often and regularly. Use retirement accounts. Don't quit saving, even when money is tight.
2007-12-02 17:44:00 · answer #10 · answered by Uncle Leo 5 · 0⤊ 0⤋
Do something you love... a career... going to the top... be patient... and do your best to be successful in all you do. Being rich does not guarantee you happiness.
2007-12-02 06:40:08 · answer #11 · answered by Anonymous · 0⤊ 0⤋