Saturday, March 22, 2008

5 Helpful idea's to making millions!!!


Carl say's he believes there are several paths people can take to become millionaires or rather billionaires. Five of those include:

1) Living a modest lifestyle with virtually no debt. Individuals daily , are fixated on becoming a millionaire; they pinch pennies, squeeze every bit of performance out of where they put their money, drive old, run-down cars, and don't go out to eat. "It's the old lady who passed away with a million [dollars], she lived in an efficiency but never owned a car. I've seen one [case] every other year where someone passes away and they have an unbelievable amount of money.

2) Work for a publicly traded company and take advantage of stock options. "You can easily take advantage of 401(K) and profit-sharing.

3) Work for a large company where you acquire skills and knowledge about how the company does business, and then go independent in the same line of work.

4) Save seed money to start a small business. "On an income level, the cash flow may have been paycheck to paycheck [for the business owner(s)], but through selling the business they come into a windfall and it gives you financial independence, or puts you on their way to it.

5) Buy real estate. You can start by purchasing one property and renting it out, and within seven to nine years you could have 10 units and $1-$2 million in equity.

1 comment:

Anonymous da Hustleholic said...

Good read!!! You would be a millionaire if u just start charging for the knowledge..lol