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Main » 2016 » December » 31 » You want to be become a millionaire? There are several ways!
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You want to be become a millionaire? There are several ways!

 

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Your parents and grandparents, of course, once thought that if they are in your wallet would be a million dollars, then they would be on top of the world, at least in financial terms. Status millionaire says proudly made about you.

 

 

 

 

But due to inflation to be a millionaire today does not mean absolutely that meant before. If you would have $ 1 million half a century ago, in 1966, you would have an amount equivalent to about $ 7.4 million when expressed in today's purchasing power. But today a $ 1 million worth only about $ 134,400 when compared to the cost of goods and services in 1966. This is bad news. 

The good news is that to achieve millionaire status is much easier today than it was then. The topic today is visiting the minds of many people.



 

Your attention is the various ways in which many people use in order to save $ 1 million.

 

1. Legacy. Pretty simple way to get $ 1 million. If you are lazy and lucky at the same time, it is suitable for you way to get rich. The Wall Street Journal conducted a study showing that two-thirds of the post-war generations inherit family money in middle age. 

2. Startup. There is of course a big risk, but you can find a job at a company that has launched a start-up and become quite valuable employee in order that the owner has entrusted to you a small share of the business. Maybe it's 1% or 2%. 

If a company is doing well, and if you do not give up, your little property could soon turn into a state with a seven-digit number. 


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3. Help. You can start collecting the money very early, perhaps with the help of their parents or grandparents. If they would allocate $ 1 per day or $ 365 a year from the day when you were born, that until that time, until you become a teenager, you will have a great start. 

Believe it or not, but only $ 365 per year for 21 years can turn into $ 2.5 million. 

4. Save. "Early start" theme is extremely useful if you want to build your savings. Will you have or do not have parental care is not known, but you can immediately start saving as soon as you will work. 

Calculations are more than convincing. If you save $ 1,000 a year, since 20 years, this investment will turn into $ 31,920 when you will be 65. If the same $ 1,000 to start saving at the same speed as your age is 25, the savings will increase to $ 21,724, and so on. 


If you start saving at 40, that $ 1,000 will grow to only $ 6, 848. 5. Business. You can start a business and make it really valuable. But we must remember that the majority of new businesses do not survive long; studies show that approximately 80% of new businesses close within two years. But some manage to strengthen its position. 

6. Investments. If you do not want to do all the work themselves, and if at the same time you are lucky, you can let other people start a new business and do all the work. You can simply invest in this company. 

7. To buy lottery tickets. No list of dedicated methods for capital increase is impossible without a mention of a lottery. Spend a few dollars on a ticket and possibly although it is highly unlikely at the same time, you can become a millionaire instantly and win the jackpot. 

8. Combined method. If your goal is $ 1 million, it is likely that your best bet is to rely on aggressive savings and prudent investment for decades. Add a lot of patience, the right habits and attitudes, and you have good chances to get the desired amount. 

By the way, the majority of investors are not trying to get rich. Most just want to save enough money to enjoy life then all the other years, not worrying about what the money runs out. that your best bet is to rely on aggressive savings and prudent investment for decades. Add a lot of patience, the right habits and attitudes, and you have good chances to get the desired amount. By the way, the majority of investors are not trying to get rich. Most just want to save enough money to enjoy life then all the other years, not worrying about what the money runs out. that your best bet is to rely on aggressive savings and prudent investment for decades. Add a lot of patience, the right habits and attitudes, and you have good chances to get the desired amount. By the way, the majority of investors are not trying to get rich. Most just want to save enough money to enjoy life then all the other years, not worrying about what the money runs out.

 

 

Based on materials WELTRADE
 

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