Make A Bunch Of Money Discuss

[Thoth101]

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.

[Vmedvil2]

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 April 11, 2020 by VictorMedvil

[Maine farmer]

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.

[Thoth101]

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.

[malissiabrobst]

Many billionaires weren't afraid to "ruin their lives" by breaking ties and leaving colleges and universities. They weren't afraid to dramatically change their lives. Many poor people will always remain beyond the poverty threshold only because of their fear of looking over their heads. Many of us are afraid to take risks, change our everyday lives, and go to another city or country to achieve a goal. On greedyrates.ca, I once read the story of a billionaire who, to achieve his goal, was enough to send to hell all his friends of that time, who dragged his life to the bottom and didn't motivate him to get better in any way.

Edited February 14 by malissiabrobst