| What's the fastest way to make a million? |
|
|
|
|
|
makemoneynow
On Probation
Cash: $
Posts: 3
Joined: 09 Feb 2006
|
| What's the fastest way to make a million? |
 |
|
This thread has been edited and moved here as it does not conform with the forum rules.
- Please post personal promotions or business offers in the designated areas only.
- Some promotions are forbidden and may not be posted at all.
To avoid loss of posting privileges see forum rules for details.
I'll have $50k to invest in a couple of weeks. Any suggestions?
|
Fri Feb 10, 2006 6:01 am |
|
|
Ca$H-a-HoLic
New Member
Cash: $
Posts: 3
Joined: 13 Feb 2006
Location: New Jersey
|
$1,000,000 fast?
What's the rush? 
Seriously, real estate is a great way to achieve wealth, maybe even fast...not sure what you consider fast, but if you turned $50k into $1,000,000, even if it took a year...that's fast and a great ROI from what you originally started with.
Another business you might want to consider is an online business, direct sales...they all can have high ticket items and generate a lot of money fast with a smaller amount of capital.
I started an online business for under $5,000 3 weeks ago and already made $21,000.
I might never reach $1,000,000 with this business, but at the rate I'm going, I can get pretty darn close!
Best of luck on your search!
$0-$12,000 in my 1st TWO weeks! Find out how at http://www.1GrandADay.com
Want documented proof? Then email me, PiranhaMarketing@aol.com
|
|
Mon Feb 13, 2006 5:13 pm |
|
|
coaster
Senior Advisor
Cash: $
Posts: 6687
Joined: 11 Oct 2005
Location: Wisconsin
|
There's an old saying: "Bulls and bears make money, but pigs get slaughtered." Whatever route you decide to take, don't succumb to greed or the odds favor you losing it all.
~Tim~
Eye Candy : Why Whimsy
|
|
Wed Feb 15, 2006 12:11 am |
|
|
arpereira
First Time Poster
Cash: $
Posts: 1
Joined: 15 Feb 2006
|
Buy books with your 50k, invest in your mind, your best active, and read a lot. You don't need money for gain money, you need ideas.
|
|
Wed Feb 15, 2006 4:26 am |
|
|
Rolo
Yo' Daddy
Cash: $
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
|
Speed kills.
"Expect me when you see me."
|
|
Wed Feb 15, 2006 1:23 pm |
|
|
Dynamic-Xchange
Member
Cash: $
Posts: 14
Joined: 01 Aug 2005
Location: Newmarket, UK.
|
I agree with some of the others. You should never rush these things. With regards to investing $50,000, instead of investing in a program in which the funds are not under your control, why not put them to use where they are totally in your control via becoming a processing DXMerchant with DXInOne. You could quickly develop a nice currency exchange business starting off with trading funds of that amount.
Check out [personal promotion removed] to gain a better understanding of the business.
www.dynamic-xchange.com
|
|
Tue Feb 21, 2006 7:58 pm |
|
|
degarmo
Member
Cash: $
Posts: 14
Joined: 22 Jun 2005
Location: Utah
|
| A % in Forex |
|
|
Regardless of whereelse you decide to put invest your money, a % should go to Forex. I work with some of the best FX trasders out there. I can help you turn some of your money into something nice  And do it using proper equity management principles.
Best,
Micahael Wehrle
mwehrle@gmail.com
Traders Resource Group
|
|
Sat Feb 25, 2006 5:25 am |
|
|
BlankenshipFP
Money Talk Advisor
Cash: $
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
|
My favorite response to this question:
Start out with 2 million and day-trade. That will get you to 1 million about as quick as anything...
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
|
|
Wed Mar 01, 2006 11:17 pm |
|
|
Rolo
Yo' Daddy
Cash: $
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
|
quote:
Originally posted by BlankenshipFP
Start out with 2 million and day-trade. That will get you to 1 million about as quick as anything...
LOL!!! 
"Expect me when you see me."
|
|
Thu Mar 02, 2006 3:24 am |
|
|
TeenInvestor
Full Member
Cash: $
Posts: 77
Joined: 06 Jul 2005
Location: Minnesota
|
Win the lottery, rob a bank or two, find buried treasure etc..
Too bad the most lucrative businesses are illegal.
|
|
Thu Mar 02, 2006 5:24 am |
|
|
JBendar
Senior Member
Cash: $
Posts: 271
Joined: 22 Mar 2004
Location: Woodbridge, New Jersey
|
| Investing $50K |
|
|
Makemoneynow:
In order to help you with your situation, it is necessary to know how old you are? There is no such thing as quick money. You might get lucky and think you are a financial expert. This will be a false impression. Anything worthwhile takes a lot of time, effort and planning. If you have ever heard of the Richest Man In Babylon - Napoleon Hill - the moral of that story was you should save 10% of your earnings for yourself. With the balance of the money make the invested money compound itself. There are many ways of doing this. The first step would be to make sure you have some security (some type of savings account , Certificate of Deposit, etc.). The next thing to do would be get some information about finance and investing from your library (free), or get information from someone reliable (such as the members of Money Talk). With everything in life there is a price to pay. If you want your money to have high rates of return, you have to be willing to make risky investments. The only by product of doing something risky is that the possibility of loss is very high. A reasonable expectation with $50K invested is to conservatively make $5K a year extra. You may get lucky and make more, but don't expect it. Years ago the situation was different. Now the world is unstable and the returns are not as high as they once were.
I am sure that if you ask one of us here privately, we could give you some suggestions. It is not the place in a public forum to answer one on one questions in detail. Good luck with your investment goals!
JBendar
|
|
Fri Mar 10, 2006 9:38 pm |
|
|
lobsterlord
New Member
Cash: $
Posts: 8
Joined: 19 Mar 2006
Location: Malaysia
|
Man...if u wanna be a billionair work for it and be patient. U got the model to roll for more money which is good but i would advice u take the lower risk investment first. Then get urself equiped with knowledge needed to get involve in higher risk investment. PM me if u are interested in low risk investment. I am into sport arbitrate trading now and the return satisfy me as a beginner.
|
|
Mon Mar 20, 2006 12:46 pm |
|
|
Jim Colyer
Member
Cash: $
Posts: 17
Joined: 24 Mar 2006
Location: Nashville, Tennessee
|
My son told me he will be a millionaire by age 30.
Jim Colyer wrote Save The Planet.
|
|
Fri Mar 24, 2006 4:15 am |
|
|
fbn
First Time Poster
Cash: $
Posts: 1
Joined: 20 Mar 2006
Location: USA
|
| Positive Expectation |
|
|
There are a lot of options available. The world is in process of a radical shift in some ways a renaissance in others chaos. I am seeing revolutionary inventions coming forward in every sector of business while the so called news reports doom and gloom there are more reasons to be enthusiastic about the future.
Three things that make a project work; the idea, the money and the management. The only crucial one is the management. The same is true for being an investor. A lot of people have money and a lot of people have ideas but the difference is who is the driver or manager of the project. Invest in wise and honest people who have mastery in their field of expertise.
Invest in what you want to have, own or do and then you will appreciate the process. Enjoy the means of obtaining wealth and then in the end when you achieve your wealth you will find the journey to have been the best part.
rich
I am an administrator of a system called the FirstBroker Network which brings together consultants, brokers, owners and financial professionals doing large project funding and development. www.firstbroker.net
|
|
Fri Mar 24, 2006 3:24 pm |
|
|
rockhound
Preferred Member
Cash: $
Posts: 132
Joined: 03 Feb 2006
Location: West Virginia
|
| serious? |
|
|
quote:
Originally posted by Jim Colyer
My son told me he will be a millionaire by age 30.
Was he serious, or rather, did he just get out of college and land a fabulous job that pays 6 figures? Or are you using that statement as an illustration of the unrealistic expectations that people have? Herbert Hoover was a millionaire by age 30, but he was a world famous mining/geological engineer who developed a more efficient process for beneficiating gold ore.
|
|
Fri Mar 24, 2006 7:13 pm |
|
|
|
