how to become a millionare withoutinvesting?
479339
I hope your father is one, that way you only have to make sure it is willed to you alone and that when he dies there is still enough left in the bank for you!
552129
You can start for as little as $100 a month at most firms, investing systematically, month after month, which is the smartest way to do it by the way, whether you have $100 or $100,000.  Actually, I know at Edward Jones you can start with mutual funds for as little as $25 a month.\n\nWhat to invest in?  I'd suggest buying a diversified series of mutual funds. Make sure you hit all the asset classes, like Large cap stocks, small/mid cap stocks, international stocks, emerging markets stocks, government debt, corporate debt, hi-yield debt, foreign debt, emerging markets debt, real estate, commodities, and precious metals. That's 12 categories right there, so if you're starting off with $1000, you're talking about $83 each. Or why not spring for an extra 200 bucks, and start each off with $100 even?\n\nThen sit back and rebalance each year, back to your original percentages. This is called asset allocation. The thinking being, what's BEEN hot is more than likely not going to STAY hot.\n\nThis sort of portfolio should average 8-12% per year, so juut split the difference and say 10%. Will it do 10% EVERY year? Of course not. I'd be surprised if it ever did EXACTLY 10%. That's an annual average. With that average, your money should double roughly every 7 years.\n\nSo, if you start with that $1000 and never add to it ever again, in 7 years you should have about $2,000\nin 14 years you should have about $4,000\nin 21 years you should have about $8,000\nin 28 years you should have about $16,000\nin 35 years you should have about $32,000\nin 42 years you should have about $64,000\nin 49 years you should have about $128,000\nin 56 years you should have about $256,000\nin 63 years you should have about $512,000\nin 70 years you should have about $1,024,000!\n\nA long time to wait to become a millionaire, impressive as that compounding is!\n\nOf course, if you keep adding money in systematically like I suggested earlier, say $100 a month, you'll become a millionaire MUCH sooner. The key is discipline, and sticking in when markets are up OR down. Don't try to time the market--you'll NEVER get it right.\n\nHere's a handy formula:\n$100/month x 12% return x 20 years = $100,000.  So if you want $500,000 20 years from now, just save $500 every month, and go with that diversifed portfolio.  If you only average  10%, you'll only end up with $450,000, not bad either way!  \n\nOh, and if you qualify, and do this all in a Roth IRA? Then every penny will be 100% TAX-FREE. That's a deal that's too good to pass up. That's why I tell all my under-30 clients--if you make under $90,000, and therefore qualify to do a Roth, you'd be a fool not to. Just having the power of youth (and therefore time) on your side is such an advantage, to squander it would be such a waste!\n\nHope this helps!\n--J.
298108
Start investing in the stock market.  I have listed below a link to a really interesting article that can say it much better then I can.  It is a great way to start out with little or no money and not pay big commissions to brokers.\n\nI used this program and have done really well over the last two years.  Started with little money, added little money and learned discipline and a lot about the stock market.  I now teach others to do the same.  \n\nDon't have that $100 bucks to get started?  I bet you do if you just change the way you spend money.  Will include a link to the online broker that I used to start my savings.  I also went ahead and opened a credit card through the Sharebuilder website.  The credit card has a 0% APR on opening transfers and pays you 1% cash back that you can use to purchase Stocks with in your Sharebuilder plan.  If you pay your balance every month (which is the only way that you should use credit), then this is FREE money. \n\nIf you have a Bank of America Checking account they have started a plan that is called "Keep the Change."  With this plan, once you have opened a savings account with $100, they round up all your purchases.  If you buy something for $1.25 with your debit card, they will withdrawal $.75 (rounded up to $2.00) from your checking account and deposit it into your savings account.  After the first three months of doing this, they then will match your money dollar for dollar, 100%.  Then after the first year, they will match your round ups at a 5% rate.  The account only pays .5% APR, but the 100% matching for the first three months is FREE money. \n\nThat is a 100% return on your deposits (round ups) for the first three months.  \n\nIf you don't have a BOA account then try looking online for a good paying Money Market Fund (MMF).  Some have balance requirements, some don't.  The better rates out there as of today are running about 4.25% or higher.  Watch for fees, compounding methods and other charges before you consider purchasing a MMF.  \n\nGood luck and start saving today!  \n\nToo many Americans don't save enough money.  Instead, they look for the lowest payment on that purchase.  You should ask yourself, do I want to pay myself first (saving money) and purchase something for cash or retire with style or do I want to always be in debt paying others interest.  Don't you deserve the interest more then the lender?  I think you do.  \n\nI don't work for any of the above mentioned ways to save.  I do hold accounts (Individual Roth IRA, Individual investing plan, Individual trading account, MMF and a Visa Card through Bank One attained after opening my account with Sharebuilder.) with Sharebuilder.  I have no other interest in Sharebuilder.  I do have a bank account at Bank of America, both checking and savings (opened with $100.00 deposit), but own no stock or other interest in the company.  I am not affiliated with MSN in any way or form and do not own any company stock.  Investments may loose money and in many cases are not FDIC insured.  Any investment should be after careful consideration by the investor before investing.  Your results may very.  (think that covers the Brochure law.)\n\nGood luck and let me know how you do.
321885
Start by learning to spell. It's "millionaire".\n\nSpell well, and the money will come.
439734
If you are serious then you can make this happen.  Two things you need to focus on.  Given your age and only have 5 years to go you need to focus on the first which is your earnings ability and then secondly best ways to invest your money.  Look for a multi level networking company that is new (less than 1 year), that has a great product and one you believe it, research the management to make sure they know what they are doing, research the compensation plan and then spend several hours each day growing your business.  Take your earning and invest it in several different vehicles - stocks, notes payable, oil and gas, real estate etc.  Keep focused.  Don't listen to naysayers (aka dream stealer's).  You can do it!!  Good luck and welcome to the next Millionaire Club!
555195
Go to your local library and check out "The Automatic Millionaire" by David Bach. It's easy to read, and the advice will work, if you're willing to commit to it.\n\nBeing automatic, you'll start investing money without it have a chance to pass through your hands to be spent first.\n\nI have no association with Mr. Bach. I just enjoyed his book, which I read at the "Costco Library" when I was unemployeed several years ago.\n\nBy the way, because I had my finances in good shape, I was out of work for 8 months, and it had NO IMPACT upon my financial life. My wife and I had properly prepared our finances to weather an event such as that.\n\nThe techniques discussed in Bach's book were almost exactly what we've been doing for 15-20 years on our own. We did some on purpose, and some we hit by accident. (E.g., my bank's mortgage was bi-weekly rather than monthly, so I paid off my "30" year mortgage in about 20 years.)
637938
Learn how to pick stocks.  You need to swing trade.  You need around 10K to start.  And you can be a millonaire in 10 years.  Keep in mind, you need to learn how to pick stocks first.  You can double every 6 months if you do.\n\nAside from that, learn how to play basketball like MJ, or sing like Mick Jagger, or talk smut like Howard Stern, or have a family name like George W Bush.\n\nI say picking stocks correctly is your best bet.
1038373
Invest a million dollars in something that gives 1,000 times return.\nGetting the original million is the tricky part.
23947
Making a million dollars throughout one's lifetime is not a difficult task anymore.  It helps to read several books (e.g. Automatic Millionaire) but the real question is, "Do you have the responsibility to spend less than you make and automatically save some every paycheck?" Income doesn't really matter if you can find a way to save $200/month. You may not think that it's possible to save $2,400/year and reach a million dollars, but that's the benefit of compound interest. There will be a certain point in your savings, perhaps after 26 years of constantly saving $200/month in an index mutual fund that gives you a return of 10% or so, the interest you make will begin to grow by the hundreds and thousands.  From that 27th year on up to your 40th year, the interest will grow so fast that you will have a million dollars.  The question is, did you begin saving when you were 20 years old, or when you were 40 years old.  Depending on when you began, you'd be a millionaire at 60 or at 80, a huge difference.  Of course that could also be changed by saving more per month.  It's possible but best to read up on lots of books and see the real cost of becoming a millionaire.  It might be the difference between spending $8 for lunch every day or spending $4 for lunch every day.  A small sacrifice today can yield huge returns later.
594120
The easiest way is to inherit money. The vast majority of rich people in this country started out wealthy. And unfortunately, the gap between the rich and the middle class/poor is widening every day.\n\nAssuming you can't inherit money to make you rich (why would you ask this question if you could?), if you have a great business idea and the intelligence and determination to turn it into a successful business, you can also make it big. Think Bill Gates.\n\nThere's always the lottery, although that's really a sucker's game. And, if you have a little money, you can "gamble" on risky investments, although I wouldn't recommend it - you're better off investing the money safely for a happy retirement.\n\nGood luck!
794584
There are many options available to you that do not necessarily require any certain commitment period or be locked-in at any one time. \n\nWell, with $1.3m, you can have perpetual passive income by using the right financial tools. Using no-risk/guaranteed/fixed instruments in the market, Financial Planners actually know how to arrange it in such a way that you get to spend  $10k every month and your principal of $1.3m is intact. (If you can take a little risk, of course you may earn more) Sounds too good too be true? Not at all, it is actually possible with today's many products in the market. You just need to know where are the right places to look. \n\nSpeak to a good Financial Planner and he will advise you accordingly.
828629
dreaming and planning is good, but thinking about a billion or billions or even borrowing that kind of money is just out of the question.  If you had that much money or could get that much money you wouldn't be asking us how to invest it.  If you had it you would put your portfolio in mixed investments plus have trusts, lend it, put some in real estate, and give it away to the needy for tax purposes.
17896
Investing in Real Estate the proper way can take you to a million dollars, if you understand the market decently enough.  If you want to pursue this further, I recommend reading the book Rich Dad Poor Dad by Robert Kiyosaki, as it deals with investing/growing assets and the basics of cashflow.
64308
hire a cpa and a lawyer to keep track of your cpa,hide as much of your assetts as possible,\ngo ahead and get your buying spree over with give yourself 2 days only for giving gifts and buying for yourself, then take some time off and reflect\non what you truly want then get your money to work for you, turn off all your phones and get a cell with only your lawyer and cpa to have the number,\nthese are things i wish i would have done.\nex millionaire,and lottery sad story.
637888
1. Figure out your aversion to risk...are you a person who would sweat a higher risk investment everyday?  If so, it isn't worth it.  \n2. Determine your goals (Making as much as possible without loosing it is not really a goal).  They need to be concrete, like I need $1.5M to retire...how much time do I have to invest?, what return do I need?, how much do I intend to invest additionally?  \n3. Sit down with a "Kiplinger's" (a magazine) for a few months and get a handle on what investments might make sense for you.  They list the best mutual funds monthly among plenty of other financial advice.  \n\nAfter you have done all of that prep work, you should have a good idea of what investments might fit into your plan.  \n\nThen you can go to a broker at a discount brokerage house.  You can listen to what they recommend but research it very thoroughly before you invest.  They do give biased advice sometimes.  The advantage is that making purchases and trades are generally cheaper (besides you've already done the hard work above...if you don't want to do the work, go to a full service broker or pay a financial planner he/she will do the work for you, for a fee)\n\nGood luck.
134620
Read the book "One Minute Millionaire", the premise is that if the reason was important enough anyone can make a million dollars...i.e. if a loved ones life was on the line, that sort of thing. It's a good book and easy read.
661938
Hi, i would like to introduce to you something incrediblely amazing new method of becoming more financially free. \nI am not joking, serious about it. Its a new system created not long ago and has tremondous potential to expend. Sky is the limit.