besides lotteries or sweepstakes or marrying it. I'm willing to earn it but what should i do and how should i do it?
2007-07-23 10:32:44 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
$1 at a time.
Ask yourself:
What can I do that people would be willing to pay me $____ to do?
Fill in the blank with a whole number denomination between $1 and $100, and try to think of something that people would actually pay you that dollar value to do.
When you add it up, you will realize that you can make more money per hour as an entrepreneuer, than what you would be paid per hour as an employee working for minimum wage.
The key is to be paid per transaction instead of per hour.
Imagine you found a summer job that paid you $6 an hour. Working 8 hours, your gross income (before taxes) would be only $48 dollars.
Now, asking the question:
What can I do that people would be willing to pay me $20 to do?
You would make $20 in a single transaction for doing something that may take you only 15 minutes. If you have three clients and can service them all in one hour, your gross income would be $60 per hour.
If you had enough clients to fill an 8 hour day (3 clients @ $60 an hour), that would be 24 clients each paying you $20 for a total gross of $480 for an 8 hour day (compared to $48 dollars @ $6 an hour).
That is 10 times the revenue you would make above minimum wage for the same amount of time.
2007-07-23 10:37:17 · answer #1 · answered by Q 6 · 1⤊ 1⤋
Real Estate, Go to the Donald Trump seminar, and learn. And if you are good at it, or you may need to learn about the Stock Market, you can invest your money in stocks that is another way to become a Millionaire. There will be more, ways, as you get more answers. I wish you the best.
2007-07-23 17:40:03 · answer #2 · answered by pooterilgatto 7 · 0⤊ 1⤋
Invest $100/month into good mutual funds. In 40 years, you will have more than $1.17 million. Invest more per month and it takes less time.
2007-07-23 18:57:05 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Save your money and carefully invest it. If you did that, you should have no problem making a million dollars.
That biggest mistakes people make are not saving, not saving enough, waiting till later on in life to save, and/or relying on getrich schemes.
2007-07-23 17:49:05 · answer #4 · answered by A.Mercer 7 · 0⤊ 0⤋
Live below your means. Invest in the stock market.
Or else, take a risk and start a business you think you can grow.
good luck!
2007-07-23 17:36:02 · answer #5 · answered by q4norm.answ3rs 3 · 0⤊ 0⤋
Start business or better a business system (a system can be repeated over and over, like MC Donald's).
Take a look at http://www.moneyaside.com - make money online - work from home - Just Tips
2007-07-23 17:38:10 · answer #6 · answered by MoneyAside 2 · 0⤊ 0⤋
Do something stupid, then sue the business that accident happened at, or product used.
2007-07-23 17:38:59 · answer #7 · answered by el88gringo 3 · 1⤊ 2⤋
Go here,
> http://affiliatestag.blogspot.com
> http://paidforwritedown.blogspot.com
> http://professionallab.blogspot.com
> http://moneytreetips.blogspot.com
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2007-07-25 05:45:03 · answer #8 · answered by Anonymous · 0⤊ 0⤋