How long will take me to be a millionaire?

Question

no trust funds

just hard work and lucky charm

Answer 1

invest watch cnbcbecome trader a million is a joke a 100 million is right around the corner

Answer 2

depends on what level of commitment you're willing to have, and how good you are at investing.

if we assume that you make 50k/year, max out your 401k, get a 3% match, and max out an ira, you'd be putting away $22k total.  let's also assume a reasonable return of 10.5% (the historical average for the S&P 500).

at this rate, it would take you about 17.5 years to reach $1,000,000.

now, if we change some of those assumptions, and say that you're talented at picking individual stocks, and can manage a 20% return, while investing half of what you had the same out of pocket expense of $20,500.  here, it would take you a little more than 13 years.

it all depends on the variable inputs, really.

Answer 3

Cool! I will use money to buy Money again. I will pay for someone who create software which outstanding program and can resale it again and again, with out spending more money.

hee,hee

Answer 4

You should invest in the lotto!! & wish really hard!!

If you find out let me know!! LOL

Good luck!!

Answer 5

,, hmm ,, gosh - that depends on many things .. wages, investments, expenses, etc.

Just keep your eye on the ball - trust only your opinion (win or lose) .. and go for the best.  You will win some.   You will lose some - but you will learn from the loss.

I still think talking to really smart, successful, people could help you learn a direction.

Answer 6

With a very lucrative idea...it could even be a week!!!

Answer 7

A long time.

Answer 8

i would invest in the stock market...you can't make a million by just working hard, you have to think outside the box sometimes.

Answer 9

1 year save start today save one penny tomorrow save 2 pennies the 3rd day save 4 pennies on the 5th day save 8 pennies on the 6th day save 16 pennies and keep going until you reach one year tell me how much money you have saved.