Monday, September 20, 2010

How do I make $1,000,000?

 $1,000,000 Formula
Vehicle x Time = money


Time: Being your "time" that you have each day to invest into a Money Generating vehicle.


Vehicle: Being the method in which you've chosen to make money. A business plan or job opportunity. Each has it's own varying potential.


So the greater the vehicle the more money can be generated out of your time.

  • Invest
  • Start a Business
  • Buy a Franchise
  • Get a Job 
I have presented you with 4 vehicles. Each have the potential to make you $1,000,000 or more. I have put in the research and will help you choose which of these options is right for you.







Get A Job  

Positives
  • Fairly easy to acquire
  • no initial investment
  • with full time you'll receive benefits 
Negatives
  • no real job security
  • often low wages
  • never enough hours to go around
  • You have a boss
 In the end you could be working for years before ever receiving an increase in pay. Some jobs offer benefits packages for people that stick it out longer. I guess they would have to if your being treated like a slave. Often times you'll never get full time hours because with full time it is required by law to receive benefits also. Like dental insurance and also health and possibly liability insurance. These days you'll be lucky if you can get one of these with the high level of competition.

For who: I would say this type of work is for the People that are looking for something better. College or high school students. Perhaps lost in life and need someone or something that tells them what to do. I've seen many Graduates fall into their field of study and be stuck in a $60,000 a year job. Which isn't bad... but to be stuck there with no real increase in pay for years, really?


Buy A Franchise


Positives
  • Great training
  • Great Products
  • Brand name that has already been marketed for you
  • You are the boss

Negatives
  • High risk investment 
If you can afford it. This is a great way to go. Starting a Franchise is very easy to do and can take some time to get started. But once you hit the ground you'll be off running with constant support from corporate. Of course the fail rate for most franchises is very high but it can be done. But who wants to fail after making a $500,000 investment.

For who: Rich people who are looking to spend their money on a system that has been proven to work. There isn't much to think about here. If you have the money and the drive to succeed, A franchise is the choice for you. Of course I hope your making more than the average 100 to 200 thousand dollars a year because you'll be in the red for a while.


Invest 

Positives
  • High Payouts
  • Not much leg work
  • can be done from home
  • You are your own boss

Negatives
  • High risk investment
  • like gambling 
Investing is like taking a chance on an idea or a company. Stock trading and systems a like are very profitable if you do your research. You'll be spending a lot of time reading and getting to know companies and trends. Investing can be fun but can also be very expensive. Like gambling, your money could disappear in an instant.

For who: Those very few of the elite class. This type of risk means you have some to spare. Your not to worried about your investment going belly up because you already have a vehicle in place to make ends meet. Yearly earnings range from 0 to Millions of Dollars a year!


Start a Business  

 
Positives
  • Often times no start up cost
  • You are the boss
  • Often great training and support
  • Product of your choice

Negatives
  • Must be self marketed
  • Long start up in most cases 
Here is the cream of the crop. Huge potential for yearly earnings and really no initial investment in most cases. Of course the business of your choice is a factor I'm not dealing with here. But the difficult part is not in the business you choose but the method in which you run your business. With each business time must be leveraged through other people. 

For who: People looking for something they can call their own. No or some money looking to make a small investment into a product or idea you believe in. Growth potential is huge here. Yearly earnings range from $1000 to Millions a year.




I would like to wrap up with this... The best way to make $1,000,000 is to help 10 people make $1,000,000. Because this way you'll never have to worry about money again. Through the leverage of time and your vehicle of choice, you and these people will be financially secure forever.


Well if you can handle having all that money....

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