Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Personal Finance
Finance Discussion Forum

 Which bills annoy you the most?
Electricity, insurance, loan repayments, phone… the list goes on and on.

I sometimes get frustrated and angry that so much of my money goes in bills. Then I have to tell myself that ...


 How can i get money for nothing?
need to buy a house but need more deposit!...


 WHY ARE BANKS CLOSED ON SATURDAY?
I am so mad right now, I NEED to cash a check today but all the banks are closed today, EVERY SINGLE F*ing one, I am pi$$ed of so badly. why do every single bank I know of is closed on saturday and ...


 If you had $70,000 and 20 years to make it worth something GREAT.. what would you do with it?
...


 For a 16 year old is 500 dollars a week good?
for having a part time job
paying 11.50 an hour?
Additional Details
i have a second side job that i work evenings
i only work about 10-15 hours at that job tho
and 34 ...


 "Can worrying about the health of your bank account really make you sick?
Gas and food prices are sky-high, the stock market is down, and the housing market is in the doldrums. But can worrying about the health of your bank account really make you sick?

I say ...


 Online surveys a safe way of making money online?
I am 15 and wanting to make some money. I've heard about doing surveys online but I am not to sure about whether or not they are safe.
I don't want to give out my address, or my last ...


 Is $40,000 good money?
I have a bachelors degree and 3 years experiance is $40,000 good money?...


 Im 18 years old and I dont have 2 years of credit history, I need a student loan, no available cosigners?
My mother makes too much money for federal aid, but shes in debt and has a bad credit history, what can I do for a loan?...


 I sold my house last year after owning it for 5 yrs. Can I just put the $ in savings?
I didn't need another house. Will I have to pay taxes and when?...


 Where did this number come from?
i got mail that said that i needed to call this number but i dont know where it came from. the number is 1-800-846-7534....


 How would i make money fast?
How can i make money fast?? I need to buy a new camera and i don't wanna take the money out of a bank and no one will let me borrow it and im too young to work?
Additional Details
...


 I need a good bank, I hate Bank of America...?
I hate Bank of America, the fees are ridiculous, in fact, I hate banks period. Does anyone know of a good bank, how is Suntrust, or Regions, or US Bank? What do you think of credit unions or things ...


 My boss wants me to become a partner in his business. But his financial advice worries me.?
My boss owns his business and wants me to become his partner. I enjoy the work I do and see opportunity to make money with him, but his "financial advice" seems awful. Does this make him a ...


 What investment would allow me to have a $1000.000.00 million dollars in 20 years and how?,?
...


 Should I have to pay for this??
I live with two other people. We just got DSL installed in our apartment. The monthly fee is 36 bucks which we split three ways. But we just got the bill that included a 120 dollar fee for the modem. ...


 What is a reasonable to spend for one person?
for food. This person lives alone and has a full kitchen
the person lives in st Pete FL...


 Why do we need money to survive? God didn't make it.It's we humans who have made money.Then why do we need it?
...


 How can a 13 year old make some good money?
My family has some financial issues, and we are uncapable to keep up with the bills. We don't have any pocket money to spend on extra things we need. How can I earn some extra cash to help out?...


 T/F: Is the best way to get rich is by marrying up? How often does it really happen?
I am working my butt off but sometimes I know I will never be able to make as much money as some of these rich guys in ten lifetime....



Mike G
Can we reach millionaire status if we're only employed?
                     
 




Leilyn
Rating
If you're just everyone else in the company (not the CEO or VP) it might be tougher but there are a few ways you can reach that goal but you have to have time on your side and a lot of discipline. It's all about what you do to with the money you get from work at the same time seeking ways to get more out of your job. check more of this here:

http://lanispage.blogspot.com/2007/03/so-you-want-to-be-millionaire.html


tsartele
Rating
Yes you can and it is allot easier than you think. No get rich quick or midnight cable tapes will do it. You just have to be willing to save and invest wisely. For example $100 a month from age 20-60 is 1.1 million dollars invested in a good growth stock mutual fund averaging 12.5%. THere is a great book out called The millionair next door and it is the comprehensive study of millionaires in America. What they found was that the average millionair in america lives right down the street from you, he saves his money, does not borrow money and does not drive leased cars. They live by the motto of if I don't have the money I can't buy it. So the moral of the story is live debt free and below your means and invest wisely and you will have more money than you know what to do with.


Jack Chedeville
of course... why not? It is not a question of how much you make, but what you do with what you make.

obviously you employment position and income will greatly influence how long it takes to become a millionaire.


It is what it is
Rating
Yes, millionaires have gone up compared to the previous years. You can reach millionaire status by having a high paying job, investing in real estate and profiting from it and in the stockmarket. The key is to be a disciplined investor and not blow your money on unnecessary things. The term millionaire today doesnt mean the same as what it was before. A lot of people made money in real estate.... but it doesn't mean it will be enough when they retire bec. real estate can tank too.


lizzgeorge
Rating
Of course you can! Many people who never own their own business or become real estate investors end up being millionaires by the time they retire. In fact, due to inflation alone it gets easier to become a millionaire every year.

How much net worth you accumulate depends more on how much you spend than on how much you make. If you save 15% of your gross income every single month, you will probably end up a millionaire by the time you retire (unless you make very little and are very close to retirement, of course). Obviously if you make more and you commit to saving 15%, you will reach the $1,000,000 faster than someone who makes less, but it can be done by almost everyone--even those making minimum wage if they start early enough.

And don't say you can't save that much--you CAN. You just have to spend less. That may mean simple adjustments like cutting back on vacations, shopping, and eating out need to be made. Or it may mean that you need to make more drastic changes, like moving in order to lower your rent/mortgage or moving to another city/sate altogether where cost of living is cheaper. Or it may mean working harder/longer or changing careers in order to boost your income.

Start now!


mldjay
yes of course. But you need to make it a goal, have a plan (budget) and get to work. You also need to be out of debt. If you don't have payments going to Visa or MasterCard and instead going to your savings, retirement, etc you will be a millionaire.

Read The Total Money Makeover by Dave Ramsey


corey m
You should start a simple IRA so you can have alittle bit of saving/interest building for your future. Free projections from my website. www.sandiegoira.com -Corey


MR MONEY
Either save every month and invest it... or play the lottery and cross your fingers.

$100 bucks per month, growing at 10% per year, will take 45 years to become a millionaire!


pun9175181970
Yes, it depends on your salary and expenses.
It's like a business, what's your net income after each year.
If you make $50,000 and spend $20,000 per year.
Your net income is $30,000. $1,000,000/$30,000 = 33.33 years
By that time $1,000,000 is worth less than $500,000.
$500,000 is still good for retirement
You need to invest your net income.
Money makes money.
By investing, you will cut the years down to about 20 to 25 years.
Dont' rent if you can own a place.
If you rent, the money is going to the landlord to help him with his mortgage.
If you pay a mortgage, you are like renting but the money goes towards your investment.
When you sell your home later, it will be worth more.
For second homes, but it in the city to get the price appreciation and rental income.
Homes in the country are usually flat after many year because people can build a new home for about the same price.
If you don't want to own a second home as investment, put the money in index funds or sector fund.
Check them out at Janus, Vanguard, and T. Rowe Price.


furisded
depends upon your pay.


lucifer d
uh....uh.....uh.....uh.....uh.....uh....... 8 ball says future is uncertain. sorry, i tried.


The Big Shot
Yes, if you are an attorney or doctor making a lot of money.


 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. 0.014
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy