Tuesday, September 25, 2012

FinancialEdge: What's Your Best Chance Of Becoming A Millionaire?

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.

Please click here for the full column:
http://www.investopedia.com/financial-edge/0912/whats-your-best-chance-of-becoming-a-millionaire.aspx#axzz27O75zOi0

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