How to be a milioner?

Question

How to be a milioner?

Answer 1

Stay in school and work hard at it!

Answer 2

Stay in school and get educated*.  Get out of school, work hard, work smart, and work for yourself.  You seldom get rich working for others.

*Most millionaires know how to spell it.

Answer 3

easy...just join "who want be a millionaire"

Answer 4

Do you mean a milliner who makes hats or a millionaire who makes money?

Answer 5

Razor Jim is wrong.  Over 90% of all millionaires and billionaires started with zero, or their own savings and/or less than $10,000 from inheritances.  There is very little inherited wealth in this country.  Less than 2% of the population ever inherits more than $600,000.  With today's house prices, that means inheriting a house, some furniture and a car, plus what is left of a pension or retirement savings -- and that primarily goes to the widow, who then passes whatever is left among children and grandchildren.

So to get rich:

-- invent something the world needs, work 14+ hours a day for several years and build a biz.

-- learn to save, invest and put your money to work.

Forget the lottery -- over half of big winners are bankrupt in less than a year due to overspending, poor money management.

Answer 6

1. Be born with money (85% of millionaires were)

2. Work harder than most, be incredibly lucky and find a product or service that no one has thought of.

Answer 7

There are many ways. None of them are too certain. Starting from buying lottery tickets to preparing yourself for a high paying job. The most probable way, I think is to study how to invest and start investing wisely with whatever capital you have. If you can invest wisely and compound whatever savings you have, that can grow out to be really big. A 10,000 dollar investment can become 1 million in less than 20 years if it can earn a return of only 30% a year. Warren buffet did exactly that and turned appx 100,000 dollar into 60 billion in about 40 years. But only 30-35% yearly return was all he needed to do that.

So, studying how to invest properly and getting started with it can be a good way towards becoming a millionaire.