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Make A Bunch Of Money Discuss


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#18 Thoth101

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Posted 11 April 2020 - 03:28 AM

Well answer me the 1 billion dollar question, how did billionares become billionares?

 

From what I have seen many of them didn't waste time on high school or college. And others were already born into rich families. I think it happens very seldomly for someone born in a poor family to become a billionaire. Although I am sure there have been a few but not many.



#19 VictorMedvil

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Posted 11 April 2020 - 08:43 AM

I have decided to put my $1200 Coronavirus check into the stock market in a Roth IRA over 37 years when I am 65 and can retrieve it estimates are I will have $48,500 dollars more in my Roth IRA, A ‭4041.67‬% increase in value over 37 years, but its not like millions of dollars but not bad for $1200. Now for the fun part, If I had 1 million dollars it would be $40,446,450.18 dollars. The Stock market doesn't really make vast amounts of money upon investment.


Edited by VictorMedvil, 11 April 2020 - 08:48 AM.


#20 Farming guy

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Posted 11 April 2020 - 05:17 PM

What about becoming a consultant?  If you become an "expert" in a lucrative field, you can get paid while other people take all of the risks.



#21 Thoth101

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Posted 11 April 2020 - 09:51 PM

I have decided to put my $1200 Coronavirus check into the stock market in a Roth IRA over 37 years when I am 65 and can retrieve it estimates are I will have $48,500 dollars more in my Roth IRA, A ‭4041.67‬% increase in value over 37 years, but its not like millions of dollars but not bad for $1200. Now for the fun part, If I had 1 million dollars it would be $40,446,450.18 dollars. The Stock market doesn't really make vast amounts of money upon investment.

My friend in school was very good with the stock market and he became a millionaire not long after he did 2 years in the Army. So it can be done if you know what you are doing. He started with what he saved from 2 years in the Army which wasn't very much. Now he just buys and sells houses. He spends a lot of time in Costa Rica now also.