2006-10-23 14:23:24 · 9 answers · asked by Ron J. 1 in Business & Finance ➔ Investing
Believe it or not - a network marketing business. Check it out. Donald Trump, Paul Zane Pilzer, Warren Buffett all endorse NWM as the next big thing. Trump actually said on Letterman that NWM was the way he would rebuild his fortune if he lost everything tomorrow. Couple that with a company in the Health and Wellness market, and you have put yourself in the right place at the right time.
Shoot me an email if you want business articles that talk about this.
Jenny B
2006-10-23 15:10:34 · answer #1 · answered by Jenny B 1 · 0⤊ 0⤋
Market Trading can make you a millionaire fast provided you a) get your education before entering the markets, b) treat your trading as a real business, c) Plan your taxes. Writing covered calls on US stocks will give you about 4% per month ... If you want faster then there is more risk and less certainty trading FOREX. However in Forex if you have developed the skills you can make 4% per day.
You don't need a lot of capital to start - less than $500 .. but you do need to educate yourself.
An alternative business to trading is getting to a sales business promoting financial products and services such as World Money
2006-10-23 21:48:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The business in which you can become a millionaire the fastest is real estate. You can buy a house, fix it up really nice, and then flip it.
2006-10-23 21:40:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I believe Jenny had the most intelligent answer, in MLM you can start with little investment and with the proper knowledge, and putting your effort in the "Right" companies will pay huge dividends. It is the leverage you gain that makes it so lucrative.
Just like any business if you choose the wrong companies you may end up loosing a lot of time and money. Search on yahoo for the information will save you a lot of time. I would be happy to help you stear clear of the scams.
2006-10-23 23:04:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Rod_O is right: politics.
George W. Bush bought a 1.8% share of the Texas Rangers baseball team for $600,000 from political supporters of his dad. When he became governor he turned around and sold it for $14 million-- to a millionaire with business being regulated by the state.
Brilliant!
2006-10-24 02:33:46 · answer #5 · answered by Mahler_98 1 · 0⤊ 0⤋
I know this person who imported aloe vera juice into Japan. He is now a big time millionaire. He started his fortune by doing that and it blew up. Aloe vera juice is like $1.50 a gallon here in the US and he would sell it for like $20 a gallon in Japan. Subtract that up and multiply that by a thousand or so. Thats how you get rich. You need money to invest, a good idea, and a strong plan to expand your business and optimize your profits.=)
2006-10-23 21:30:15 · answer #6 · answered by KushPush 2 · 0⤊ 0⤋
Politics. You can lie cheat and steal and get away with it as long as you follow the rules for lying cheating and stealing for politicians. For example, Hillary Clinton's 'bet' on the futures market that turned $10k into $100k in a few months. I dare anyone else to do that. btw, the odds were about 5 million to 1. You do the math.
2006-10-23 21:27:57 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Consider researching your own companies... right here on Yahoo! Finance. I have found some solid performers this way. Go to: http://screen.finance.yahoo.com/stocks.html
2006-10-26 21:34:00 · answer #8 · answered by Mike S 7 · 0⤊ 0⤋
real estate ,buy low sell high
2006-10-23 21:44:14 · answer #9 · answered by Anonymous · 0⤊ 0⤋