How do I become a Millionaire?
My goal is to have at least $10,000,000. I I am 20 years old and Right now I have saved up $50,000 from income. What should I do with my money in order to make it grow and become a millionaire? Should I start investing in stocks with it to reach my goals? Thank you
How did you become a millionaire?
to become a millionaire before 40: work hard and be a little lucky (well actually very lucky)... to become a millionaire after 40: work hard and don't be stupid.
How to become a millionaire?
You have asked for the best ways in which to make money. The best way is to continue to learn, and create new ideas. You will not make a million working for someone else. The only way you will make your first million is by investing in yourself, and it only takes one idea. It takes money to make money, and you have to concentrate first on making your first thousand, then turn that into ten thousand, and so on. I'm going to give you a list of 1,500 eBooks that will give you lots of ideas; things you can do on the side on a shoestring budget. I hesitate to give you this link, because others may interpret this as an attempt to spam. The following link is NOT SPAM. It contains a list of over 1,500 "How To" eBooks, and gives the user a treasure trove of good ideas on how to make money. http://members.cox.net/axiom11/ Again, this link is NOT SPAM, but a legitimate answer to the question. Anyone that marks this as spam will only hurt themselves, as it will be appealed and deemed pertinent and direct.
How do i become a millionaire before age 21 or 25?
Young man I was a lot like you. Many will pay for and never learn the knowledge that I am about to tell you. This is the secret. Most people who start businesses will have to come up with their own starting capital. So save this list and when you feel you will never reach your finical goals read it. I failed many times prior to succeeding. Work hard, save harder. Buy appreciating assets such as land and homes and never borrow to buy a car (at least not until you can deduct the interest). Learn about the world and its financial markets, learn about risk, Learn how to read contracts, how interest works and Get a college education in anything you like (it may not make you lots of money but it will gain you respect with those who matter and teach you about the world). Ask your self do you want to be rich to buy deprecating assets or to own your time thereby controlling your life. If you can not afford college fill out the FASFA the US government will Pell Grant your college education or will give you pretty good loans if you do not qualify for grants. This may not make you rich but It will guarantee you a finically secure life. Use the following web sites to educate your self on saving, business and learn about the currencies that the world uses, below you can open a free account to play like a game https://fxtrade.oanda.com/ http://www.pcbanker.com/ http://troubleshooter.com/ As I said save this and add to it as you age and mature. When your buddies make fun of you for saving and planning for your future ignore them. I will guarantee you success if you follow my advise and add to it. Remember the world changes I just thought about the patience of a young man and decided you may need ideas that will get you started today well here you go. Just to give you an idea of small businesses you can do at your age. Lawn and garden work, I sold home made Popsicles and started a carwash business as a boy, get experience painting. Advertise with home made flyers, guarantee your work even at a loss this will Build a good repetition . If you fail learn from it. Good luck to you now challenge your self to succeed and take action and control and do it.
How can I become a millionaire in 7 years?
Millionaire in 7 years? Easy. Start 10 years ago.I’m only half kidding on that answer. The fact is many people who become millionaires in their 20’s or, in rare cases, their late teens, do so because they had a very different starting point than most of us do. Most of us have not only been left UN-educated in the world of finance and business, but we have actually been WRONGLY-educated learning myths and misinformation that causes certain failure. So it may take quite a while to get to the starting line from which you can become a millionaire within 7 years.If you’ve already reached that starting line, you’re probably not asking this question on Quora. So I'm going to assume the foundation isn’t there yet.In brief, there are lots of ways to do it. They all require an understanding of money, of what motivates people, of planning and organizing, and of how to be persuasive, which most people aren’t trained to do in their regular education.My preferred method of growing wealth is business. So I would do it by coming up with an idea and writing a killer business plan that relies on me as an industry expert, then shop for an experienced startup entrepreneur or team who would like to treat the business as their own. Then I give them a majority stake and get back to work writing a different plan for a different idea. Keep repeating and one of them will get traction and take off because people much smarter than myself with their own money to invest have a majority stake in their own company. Meanwhile, I am keeping back 5%–25% ownership in every full-scale business plan I write.Lots of trial and error involved in this one as your plan is rejected time and time again, then you figure out why, improve your understanding through more research, and try again with the same or different plan. But once you know enough to get the first one to get bought (and know how to contract it so that you’re not screwed out of the idea by letting it get stolen or copied), then it gets easy. You can quickly own small pieces of multiple companies cranking out 2–3 good quality plans per year.Getting to that level, though, is what I call getting to the starting line. If you’re not there, you have to get there, then you can become a millionaire in 7 years (or less).
How can you become a millionaire in one day?
If you start with ten million; Invest nine million in any of the deals offered to you on the Internet. Like trading in stocks, commodities, or Binary Options.Wait a till the end of the day.You will be a millionaire.PSIf you didn’t get it, you will have lost 90% of your money.Or to put it another way, if you want to make a small fortune in a day, start with a large fortune, and invest it in a deal that is too good to be true.By PeterTaradash.com, the guy who can’t live without a Patagonian Quora Jacket with an embroidered patch to tell the world what a great writer he is.