How do I make US$1 million ?

Question

How is it possible to earn US$1 million in shortest amount of time in something legal?

Answer 1

This depends a lot on what you start with. For example, earning a small amount of interest on an initial investment of $1,000,000,000 can raise the value of that investment to $1,001,000,000 rather quickly. For most people, this is not a practical method of getting $1,000,000.

There are also things that provide a very low probability of getting a large sum of money very quickly. For example, many lotteries in the United States offer a grand prize of over $1,000,000, but the chances of winning are so small as to make buying lottery tickets a money-losing proposition. Similarly, casino slot machines often have huge jackpots, but players will, in the long run, lose more money than they make. This is another method of making $1,000,000 that is of little practical value.

A somewhat more practical route to getting money quickly is to make risky investments. If you get lucky with your stock picks, you can generate large returns. You can also lose a lot of money, but it gives better odds than casinos. In addition to investing with Wall Street, real estate is also capable of generating both large returns and large liabilities.

The entertainment industry has many highly paid individuals. The most popular actors often get millions of dollars per movie, although most actors do not make a living acting. A massively popular music performer can also make a lot of money, although having the wrong contract can mean that the record label gets almost everything and the performer gets almost nothing. A bestselling novel can also make large amounts of money for its author. Professional athletes who play sports with a large audience are another example of entertainers who can make millions of dollars. However, most actors are not Tom Hanks, most musicians are not Madonna, most writers are not Stephen King, and most athletes are not Michael Jordan. If you have a great talent or are extremely lucky, you can make large amounts of money this way, but few people actually succeed in doing so.

Another way to get a million dollars is to pursue a career that pays very well, and then prudently invest the money you make over many years. Finance, law, and medicine are occupations in which individuals are highly paid, but well-paying positions within them often require advanced degrees and long working hours. Upper management positions in large corporations are another example of very high-paying jobs. It's hard to become a doctor or lawyer, but it's a more certain road to financial success than entertainment. I don't know the career path that leads to becoming a CEO, but it must exist.

In addition to earning a large salary, some occupations offer the opportunity to participate in negotiating deals involving large amounts of money, such as corporate mergers and class action lawsuit settlements. Being given a mere one percent of a $100,000,000 deal nets you $1,000,000.

Finally, what might be the best way to become wealthy is to become an entrepreneur. Start a business with a lot of potential for growth, then take the company you formed public, selling stock in the business for substantial amounts of money. Microsoft, Apple Computer, Google, eBay, Yahoo!, and many other businesses, have made their founders rich via the stock market. This was easier to do during the dot-com bubble, but there still seems to be plenty of opportunities for a good idea to find venture capital.

If you decide that your goal in life is to be rich, and you are willing to take risks and work hard to achieve it, there's a reasonable chance that you actually will end up rich. It won't be easy, though, and you may find that it isn't worth the struggle. Whatever you plan to do, though, I wish you good luck.

- Doug

Answer 2

Millionaire Wealth Building Reduce Debt And Sustain Your Wealth
By: Terry Vermeylen

Answer 3

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/ed075

Answer 4

You can work for Primerica Financial Services. It will allow you to run your own business and make a fair percentage off loans, insurance, investments, pre-paied legal, and long term care. Let me know if you are interested ([e-mail]). You can earn over $500,000 in one year--depending on you determination and hard work. In what state do you live?

Answer 5

by spending less time on the computer for a start . Do you really think anyone would tell you if they knew ??? I mean who are you ? Think they would share it with you for free too ? You must of forgot your meds when you posted this question .

Answer 6

If you ever find out, please let the rest of us know.

Other than winning a lottery, or finding a priceless work of art in your granny's attic, I don't think there is a way.