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There are many ways that wealthy people, including millionaires, make money. Some common methods include:

Investing in stocks, bonds, real estate, and other assets that appreciate in value over time Starting or investing in successful businesses Earning high salaries or commissions from their jobs Inheriting money from family members Saving and budgeting effectively to grow their wealth over time Leveraging their wealth to make more money through passive income streams such as rental properties or dividend-paying stocks. Creating multiple sources of income and diversifying their investments Being smart with their finances and making wise financial decisions. It's important to note that becoming a millionaire is often the result of a combination of factors, such as hard work, smart investments, and a bit of luck. Additionally, not all millionaires inherited their wealth or became wealthy overnight. Many have built their wealth gradually over time through a combination of the above methods.

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Onke Gwagwa

Lvl 2
2y ago

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