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Are there any legitimate opportunities to make a million dollars?

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Quick Answer

Legitimate ways to make a million dollars include investing $5,000 per year from age 25 to age 65 in a retirement account, purchasing rental properties and starting a small business. People can also invest money in the stock market to make a million dollars.

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Full Answer

Other ways to make a million dollars include cutting spending and saving 15 percent of each pay check. Take advantage of any employer match on a 401k. For people starting their own business, setting the business up as an S Corporation rather than a C Corporation helps the owner save on taxes when he sells the business. One in four millionaires runs his own business, as of July 2015.

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