You can make a million dollars, for example, by winning an instant lottery, inheriting an inheritance, or signing a lucrative marriage contract. However, such methods are not very effective for most people. Therefore, it is preferable to make a million by investing and keeping the money we have at our disposal. And this is quite simple and quite possible.
Necessary
- Thrift
- Prudence
Instructions
Step 1
To make a million dollars, start saving money. For example, if you start saving at the age of 18 and save $ 150 every month, then in 42 years you will be able to earn a million dollars if your funds bring at least 10% per annum (and almost any bank offers this opportunity).
Step 2
If you don't have 42 years to make a million, then you should start investing as much as possible and at the highest interest rates possible. Stop buying useless things that will be thrown away anyway (like Christmas trees) and spend the savings on new investments.
Step 3
Use such popular discount coupons now. They can also help you save money. Calculate the amount of funds that could have been spent and invest the difference in securities, precious metals or deposit accounts.
