Can I become a millionaire?

Question

My question is how does someone become a millionaire?

Answer 1

Save and dont spend.  Good Luck

Answer 2

Well,

there are several ways I guess:

Get a really well paid job (very unlikely)

Win a lottery.

Invest in stocks and keep selling and buying.

Inherit from a rich relative.

Probably more ways as well ;)

Answer 3

by being smart enough and wise enough you can become as rich as you want

Answer 4

The EASIEST way, is to save some money.  If you save $25 a month, from the time you are 18, in a basic, growth stock mutual fund, you'll be a millionaire by the time you're 60.  

The SMARTEST way, is to have that $25 a month automatically deducted from your checking account or paycheck.   That way you won't skip it, and you know it will happen.

Want to have $5,000,000 when you retire?  Then every time you get a raise, put 25% of the raise into the same retirement account.

And don't buy ANYTHING on credit.  NOTHING.   Except maybe a house.

Answer 5

Ok, you're going to need a lot more than $25/month but the premise is the same, because there's no way you're earning 15% a year for 42 years straight.  Stop trying to become one tomorrow and you can do it.

Besides if you ever want to retire you'd better be one.

Jeff

Answer 6

The key to becoming rich is simple but hard to do. Don't buy on credit unless you pay before the interest charge and most importantly . . BUY LOW, SELL HIGH!