I have $70,000 ... Whats the best way to become a millionaire?
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Same as above.
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Answer:
Invest in something, play the lottery, put it in a high interest CD.
Brendan at Yahoo! Answers Visit the source
Other answers
The share market is not the way to go at the moment. I am not sure where abouts you live, but generally Real Estate is one of the best investments. You are actually investing in bricks and mortar, rather than shares/stocks which are numbers that go up and down. Real estate generally goes up in captial growth every year, and also gives you rental income. It might not make you a millionaire over night, but in several years it would have increased in value by a steady percent. Or just go to vegas and put it all on black!
Energy Consciousness
Pity you didn't ask that a couple of years ago - gold would have been my answer. It is at an all-time high now because people automatically turn to gold when stocks and shares look rocky. Maybe you need to seek out a good I.F.A. (ask around for a recommendation). China is the rising economy looking set to displace the US and when things get tough, the man in the street buys essentials only, so supermarkets are booming while the luxury market is feeling the pinch. Richard Branson was once asked by a kid "How do you become a millionaire?" With a smile, the entrepreneur replied "You start off as a multi-millionaire and buy an airline!"
Veronica Alicia
The best way would be to try and use other peoples money to open a Business but opening a Business is probably the best way to controll you're own Destiny and become wealthy, buying gold . shares, ect puts you at the mercy of things you can't controll except for the buying and selling.
RichardG
I would invest it in a diversified dividend paying portfolio of the top Dow companies. This won't get you rich over night, but it will show steady returns over a long period of time.
JSmutek
1. look fancy 2. party with celebrities 3. ???? 4. profit
Save $930,000 more....which if you could earn 7% (year in and year out) then in 38 years you'd have the million.
Insurance Pickle.com
Invest in a stock that returns 1000%. And then make more money after that because you still aren't there.
Danston
EBAY
Mitchell
Invest in something that will pay for itself!;$
Sammi
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