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Oct
31
How do you become a millionaire?
Filed Under Personal Finance
Lisa H
What is the best career, are there any genuine get rich schemes…Where do you begin with investing, how much do you need to begin with, do you have to be a risk taker?
What is the best career, are there any genuine get rich schemes…Where do you begin with investing, how much do you need to begin with, do you have to be a risk taker?
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4 Responses to “How do you become a millionaire?”
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Real estate is the best and fastest. No matter how the market looks, real estate will ALWAYS increase in value over time because that’s all there is of it on the planet. Buy a house, fix it and sell it. The buying part is easy right now. You can buy a house for a song. The fixing part is easy too if you have the capital. Selling right now will be the hardest part because no one can get a loan, even someone with good credit. But it won’t stay that way. The trick will be knowing when to jump back into the market.
Buy stocks when there’s blood in the streets. This is coming very soon.
Everything involves risk but if you buy stocks when everyone and their brother is selling then you can’t go wrong. The times to avoid stocks is when everyone is buying and bragging about how much money they’re making…like December 1999 thru March 2000 during the .com bubble.
Fortunes were lost. If you want to make a fortune you have to buy right after everyone loses their shirt and throws in the towel. That day is coming very soon. Then I would be buying gold mining companies hand over fist and just sit on them for the next few years.
Good luck 2U.
with the markets the way they are i would hold off on investing there. doctors make good money but i think sales gives the best chance of making lots of cash. as far as fetting the millions . find something that makes you money and repeat the steps . i think your better off going after something your passionate about. thats how kfc and apple among others were started. i think you will find that lots of people can get good ideas some that could make them wealthy the trick is to do it. i would suggest going to the library and read napoleon hills book on the subject . he interviewed some of the most wealthy people around to find out what you need to get where they got
Jobs do have effect on becoming a millionaire or not.
If you become a lawyer, high-technician, doctor etc. you’ll be able to make a good amount of money. If you invest these money in real estates, stocks etc. you’d soon build you wealth. You do have to take great risks in order to make a large chunk. “No pain, No gain”
There are around 9 million millionaires in this country. It’s relatively easy to become one nowadays with such inflation. Millionaire won’t consider you rich. You should have at least 5 million to consider yourself well off.