Question

What steps can I take to achieve a net worth of one million dollars within a decade?

Answer 1

Read the article below. The most important thing to remember...live like a millionaire!...live simple and save!

Answer 2

There is not enough information to answer your question.. . I suggest you to ask:. How can I be a millionaire in 10 years with (The amount you now have)?

Answer 3

In the next ten years there will be 76,000,000 people retiring from the workforce. That is a lot of people and income shifting and major ramifications will follow. Stock market crash? I would say it will devalue in a major way. Not since the depression of the 1930s have we seen a devaluation like this.. But this is not an answer to your question. There are still plenty of opportunities for businesses (be your own boss) Also there may be baby boomers who are selling their businesses, ones that do business with the government. ETC

Answer 4

buy a house and work for yourself.

Answer 5

It depends on how much you have now, and how much you will earn. If you already have half millions dollars, than you just need to invest wisely with 7% annual return. However, if you 0 in your bank and you make less than $150,000 a year, then you need more luck. Please check out this website for some idea:. http://strategiesforlife.blogspot.com/2006/02/get-rich-quick.html

Answer 6

If you would have buy Yahoo stock in 1996 and sold it in 2000, you could have been millionaire with as few as 5000$. Try to find the next multi bagger and the million is in your pocket. Here is a good stock that could go very high: traded on Toronto Venture (Canada), the company has created a natural product fighting cold. It's name: COLD FX. Canadians love it, it is on everyone lips when talking about cold. The stock started as a penny stock and is now at 3,10$. It reached a high of 4,50$ but is in a downtrend. It is a long term jewel. CVQ.V (Canada).

Answer 7

Earn $200,000 per year, after taxes, save about 70% of the net in conservative investments.. . It's not easy to be a millionaire, or there would be far more of them.

Answer 8

There are three variables here:. -how much money you start with, earn or are given over the next 10 years.. -how much of that you spend. -the rate of return on the difference i.e. you capital. . So, basicially you have to save a lot and invest it wisely, the amount of savings will be determined by the rste of return you expect to achive.. Below is a link to an online bank that has a savings calculator:

Answer 9

it depends on you yourself. improve yourself, your skills, knowledge, and your networks. you can marry a rich person if you want

Answer 10

1. Get in (or stay in) good health. 2. Cut spending. 3. Increase savings. 4. Become an educated investor. 5. Be your own boss rather than an employee. or get lucky. 1. win the lottery. 2. inherit money. 3. pick a hot stock. 4. marry rich