Inflation may be inexorably eroding the value of a dollar,
but achieving millionaire status is still an impressive and motivating
goal. More importantly, it's an eminently attainable goal with hard work
and careful planning. Here are some of the best ways that a younger
person can think of earning a seven-figure net worth over time.
Three Key Questions
When thinking about how to accumulate a million dollars or
more, there are three key issues that people must consider. First, a
job must be accessible for it to offer a high likelihood of millionaire
status. For instance, playing in a professional sports league
dramatically increases the odds of earning enough to become a
millionaire, but professional sports employ less than 5,000 athletes
(among the big four North American leagues). Likewise, virtually every
Fortune 500 CEO gets a million-dollar pay package (or better), but there
are only 500 of those jobs available.
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