2006-06-24 14:39:54 · 13 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
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2006-06-24 23:16:59 · answer #1 · answered by heaven 3 · 0⤊ 0⤋
To effectively draw up a plan that innvolves a hobbie of yours you can turn into a cashflow system and to diversify from your original start up business to something more stable like real estate, do not be afraid to borrow to make more money quiet a number of times we see debt as bad but if we are borrowing for a business plan that is vaible i see no issue for as long you have great debt management skills and good business partner the younger you are the great the risk you should be willing to take.
Plan your business and effectively execute the plan, find yourself a mentor someone that will help you in all you need
2006-06-24 14:44:57 · answer #2 · answered by 3points 2 · 0⤊ 0⤋
Right now I would say real estate developer. Best examples: Build a home and after 3 years (to avoid capital gains and without having a real estate license) sell it. Or, get a license and build homes and sell them. People like to buy lots in subdivisions and build, but many of them can't afford the wait period and want a new house yesterday. That's why there's a market for newly built homes that people can move into quickly.
2006-06-24 14:42:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Unless it's an inheritance, wealth takes time to build. That's what's wrong with America now. No patience. But I read that paying your home off is the easiest way to build wealth because you get equity every year.
2006-06-24 14:45:39 · answer #4 · answered by goodfowlkes 2 · 0⤊ 0⤋
Go donate plasma. They pay you for it. Or go to a medical research lab where they pay you for taking experimental medicine and see how you react to it.
Or do what Paris Hilton does and have your own tv show where you travel around the country with a dumb friend and do stupid things. Then again, I am not sure how ethical that is.
2006-06-24 14:46:18 · answer #5 · answered by Zippy 3 · 0⤊ 0⤋
Work.
"Your income is the single, greatest, wealth-building tool you have" - Dave Ramsey
2006-06-24 14:42:51 · answer #6 · answered by normobrian 6 · 0⤊ 0⤋
Definitely real estate...buy properties cheap at auction and then sell them at market value for profit.
2006-06-24 14:46:17 · answer #7 · answered by snpdrgon84 2 · 0⤊ 0⤋
Ask Bill Gates!
2006-06-24 15:36:24 · answer #8 · answered by ps2754 5 · 0⤊ 0⤋
Real estate
2006-06-24 14:54:35 · answer #9 · answered by wonderwoman 4 · 0⤊ 0⤋
Bzzzz! wrong question. wealth is unethical.
2006-06-30 13:27:24 · answer #10 · answered by unknown u 3 · 0⤊ 0⤋