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| *Ostroff, Fair and Company>>>Personal Finance |
How can i become a millionaire? |
How can i become a millionaire? What you need to do is save every penny you can and invest whatever you can afford in the stock market. But the REAL key to becoming a millionaire is . . . don't spend it. Don't buy a flashy new car, buy a used one and drive it until it falls apart. Pay cash for the next one. Live in a small, simple house. Don't try to impress people or yourself with your money. Don't carry credit card debt unless it's a real emergency; pay cash for everything. Don't have the typical American attitude of entitlement to flashy crap. You don't need the newest, the latest, the biggest, the fastest anything. Every cent you pay in interest is money out of your pocket. Every flashy toy is money you'll never see again. Live as simply and cheaply as you can while stashing away every penny you can. You will not become a millionaire now, but you will someday and then you'll be glad you listened. I wish someone had told me this. Now it's too late. It's not about having a job or marrying rich; it's about not spending. SAVE. DON'T SPEND. Marry one! get a job tht pays alot of money Work and save, save, save. Work hard, save a lot. Buy a winning lottery ticket. Set up one of those e-mail scams. Marry somebody rich (and sickly). Get to have $999,999.99 in the bank and find a penny on the street. Many options, but the realistic ones are not easy ones. Unless you happen to have a good idea and can find people willing to invest in it. Work hard, save lots. The key to making a million is money, interest and most importantly, time. If you save $500 a month in the market and average a 10% return then in 30 years you will have a little over one million in the bank. get rich or die tryin |
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