How can i become a millionaire?My capital is 50000 us$.?

There is not enough information to answer your question.

I suggest you to ask:
how can i become a millionaire?My capital is 50000 us$. and my age is 18 and I want to become a millionaire at 55?

If you start to invest young it is very easy to become a millionaire.

There are three ways you can become a millionaire.
1) You work for somebody else.
2) You start your own company.
3) You invest your $50,000.00 (Savings Account, Bonds, Mutual Funds, Stock Markets, Gold and so on)

1) You get a college degree at Harvard at start right out of graduation with a $100,000.00 Salary. (If you get accepted at Harvard, they will loan you the money if you are poor, other schools have similar loan programs)
This is your initial salary, most students get $200,000.00 or $300,000 after a few years.
Asuming you don't get fired and you save half your income you become a millionaire in under a decade.
If you don't get accepted at Harvard (Or any other high profile school) and instead you go to a "common" school or to a community college you will get a $40,000 salary at the very least.
The same principle applies and you become a millionaire in under a quarter of a century.

2) You start your own business and you become a millionaire in 8 years or less if your business success. However, there is a very high possibility that your business fails and you end up with $0 of the $50,000 you invested.
Another more safe approach would be to invest just $25,000 in your FIRST BUSINESS and in case it fails you still have another $25,000 to TRY AGAIN.
This will make you a millionaire in a over a decade instead of 8 years but you will have 2 chances to fail.

3) Asuming the profits are reinvested you only need a return on your investment of 11% a year to become a millionaire in 29 Years.

If you want to become a millionaire faster, the answer is more complicated. Drop me a line if you want more detailed information.

Invest in growth-stock mutual funds and Let it compound year over year over the next 35 years. If you invest in a funds $50,000 with 10% interest over the next 35 years, you will receive $1.4 Millions!

Analyze your strength and weakness then determine what would make you happy. You will become a millionaire by following that path, if not at least you are happy dsoing it.

Sure. It only takes time!

If you have a annual growth rate of x%, then you can become a millionaire after log20/log(1+x) years. For example, if your x is 7, then it is about 44 years.

So, you should invest it wisely (good asset allocation) and get a better annual growth with minimal cost/risk.

Invest in a no load, no fee index fund. If previous performance is any indicator you should be a millionaire in about 45 years

Educate yourself. There's no Cliff's Notes. I like Smart Money Magazine put out by the Wall Street Journal. Never lost anything on their suggestions. Also like the Motley Fool. If invested in a solid company, money should double every 7 years. The Exchanges seem to spread out the risk, rather than looking for that one stock. Watch some of the business/investment news shows over a long period of time and decide who you like.

work hard and save money

time travel. go back 15 years and invest it all in starbucks

u keep on going daydreaming, u can become a millionaire in one sec. with any capital.

I'm a magician. Hand it over to me and I'll double your money !

I saw a mutual funds company paying about 10% on their Jumbo CD. If this continues, in 7.2yrs you will have $100,000 and 7yrs from that you will have 200,000 etc. So in about 30yrs if you do not add any more money and you reinvest the interest, you are going to become a $millionaire!

Invest wisely! Hindsight is always 20/20, but had you put 50K into UPL five years ago, it would be worth 1.9mil today. The future is anyone's guess.

Enter Your Message or Comment

User Name:
User Email:
Post a comment:

Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.034
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy