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millionaire
How can I be a millionaire before I retire?
(Will a million bucks even be a lot of money then?)
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Want to answer more questions in the Work & School category?
Maybe give some free advice about: Personal Finance?
Invest well, set up mutual funds... the sooner you start the better... people that invest less earlier will actually make more in the future... Investing well is about the best way to get your million... and with the way inflation is going, it won't be as much but it won't exactly be pocket change either.
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Make infomericals selling weight loss suppliments, excercise equipment, and get-rich-quick schemes.
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kill a rich millionaire and take his money. Or, you could work for it.
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Save.
It's actualy not that hard to have a million dollars, if you work at it. Resist the urge to buy new stuff and cool toys and gadgets. Don't buy new cars--it loses several thousand dollars in value when you drive it off the lot.
Start a savings account, and save all the extra money you're getting by not buying new stuff and cool toys. (Not spending money like this is equivalent to earning that money. Even better, since you don't have to pay taxes on it.) Set up an account and <I>don't touch the money in it</I>. Even better, put money into higher-grossing accounts like money market accounts. If you're young, put it into the stock market. Even in these down times, the stock market will probably earn a large return if it's left in the market for the <I>long term</I>. Don't keep switching to different companies--that's how trading companies make their fortunes, by charging fees every time you buy or sell stocks. Buy them, re-invest the return into the market, and don't mess with it.
There are lots of little things you can do to save money, too. Roommates help. Don't go out to eat much. Cut back on junk food (especially soft drinks)--it's expensive when you add it all up! Buy brand name food instead of name brand. For most food items, there's not much difference. For non-perishables, buy in bulk. Resist the urge to buy things on sale, just because it's a great buy. If you wouldn't have bought it anyway (and if you wouldn't use it normally), you're spending more money on that great buy than you would if it weren't on sale (because you wouldn't have bought it). Coupons (although buying generic's better than buying name brand with a coupon).
Even without a high-paying job, you can really save a lot of money.
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If you go to college and do well, you should be able to land a great job that should provide nicely for yourself. I don't think you'll be able to save a million dollars, but you won't need that much to be happy anyway. If you meet with a financial advisor to plan your investments you should have no problem once retirement comes.
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