Is it really easier to get richer if you are little bit rich?

Question

For example, lets say you have 10 million dollars and now you want to have 50 million dollars. Is it doable in a few years?

Answer 1

depends on these factors: your luck, your skills, your talents, your attitude, your level of thinking, your education, your country, etc.

Answer 2

if you have 10 million and put 8 million of that into premium bonds or high interest savings account you will generate $640,000 per year income.

the other 2 million you would buy a nice apartment or house and car.

with the $640,000 per year tax free interest you would maintain all primary expenditures such as house costs, bills, groceries, insurance, tax, petrol etc and have over $500,000 to spend leisurely or invest on whatever you want. i would go for medium risk stock with about $200,000 and high risk stock about $50,000, and the $250,000 that is left spend on holidays, clothes, restaurants, cruises etc and find a nice girl to share it with?

its very easy yes.  

Answer 3

There is but one "doable" way to get rich regardless of how much you earn or already have, and that is to spend less than you earn, and invest the remainder wisely...