Hi all ! I want to be a millionaire within a short period, maximum 3years. I can save or invest maximum 1000/month. Can any one suggest me what to do ? Is it possible ? Thanks.
Unless you come up with the next facebook, no. While it's easy long-term to achieve it, short-term you need an extremely high ROI to turn $36,000 into $1,000,000. If you are serious about it, I'd go for all or bust - just pick what could turn from nothing into something and just go for it, at worst you lose $36k which in the grand scale of things isn't that much (not that throwing money at every random thing will accomplish anything...)
Do you realize what you're asking? Hundreds of millions of people could invest 1,000$ a month if within 3 years there was a way to become a millionaire, but there isn't. You either need to be an awesome stock trader, create the next big website or next big product.
To be a Millionaire , i hope you will be but try to ask a financial service or consultant for this . They will charge you a lot but worth it.
Well, you have a few options... 1. Win the lottery... good luck 2. If you are a good quarterback (American Football), my Cleveland Browns could really use a quarterback! I'm sure they would pay you a few million! Just don't suck like all of our other quarterbacks! 3. Create a search engine. Call it Smoogle. 4. Rob 3 or 4 banks (they have to be big banks for this to work) 5. And this one is more on the serious side.... Create a couple of your own products and take them through the entire product launch process. You still probably won't reach a million doing this, unless your products are groundbreaking. I'm nowhere near a millionaire, but I have came to the reality that it's almost impossible to become a millionaire quick unless you win the lottery or have some kind of natural athletic ability that takes you to pro sports. Don't expect to get any good advice in this forum asking questions like that! If you are genuinely willing to put in REAL work and make Internet Marketing a solid business for you, this place will definitely help. However, nobody is going to take you seriously with questions like that.
Its possible but when you talk about high income then its come with high risk. So,if you don't mind high risk,then i would suggest you trade forex.
I do not suggest to invest in casino or other gambling. Internet marketing is realistic media to grow your money, long term
1. Affiliate marketing 2. Your own products If you are looking for a blueprint, you are not likely to find one.
I suggest you find a more reasonable goal. Sure it is possible, but it is more likely you will be killed in a freak accident. You're welcome.
Buy 1000x EuroMillion lottery tickets in the real world. Only other feasable method is affiliate advertising but by the sounds of it you have no idea how the internet works.
If there would have been some fixed procedure for that everyone would have been millionaire. You can convert your 1000$ in millions or even more than that but with your own new idea or your own knowledge or skill.
Be reasonable about your expectations - If you could find the answer to a question like that in a forum on the internet - world hunger would no longer exist, wars would never be fought, and we would all love one another. Get real - if you want a chance at a million on a thousand in 3 years head to vegas or buy lottery tickets. Im sure you could have a mathmatician do the odds but its not happening. Even if you come up with the next facebook the chances of you having the drive, ambition and capacity to drive it to market are nill. Start a business, create revenue, then determine a realistic way to accomplish millionaire status in short order. The American Dream. BTW - At 25 I had a balance sheet with a negative net worth of 25000 and by 30 I was a millionaire. Its not impossible - just extremely unlikely. I have many friends that are far smarter than me that could never duplicate the drive, ambition and capacity it took to make that possible. Ronnie Springer
I disagree, I personnaly know people at the age of 22 who have maid multi milion dollars on the interent starting from nothing... You just need to go to places with the correct information and the correct people... Which DP is no longer... DP is now full of people looking to sell sites for $5 and wanting to earn from get rich quick scams. The real forums are out there but there kept hidden so they don't become over run with greedy people
silver89 I didnt say it was impossible. I said the potential for this particular individual finding the right nich asking such a stupid question in an open forum wasnt possible. I am living proof it is possible. NOT LIKELY! I tell you what - I will bet you two to one that I am right. Ronnie Springer
@mainstreet Only a fool would place a bet like that I also agree that this individual has no chance based on asking such a question.
Fair enough... BTW: Best of luck to you Basanta... Our argument has nothing to do with you on a personal basis. PROOVE ME WRONG!!!! PLEASE!!!
Firstly, you have absolutely no chance of finding an answer here or anywhere. If someone knew how to make a million bucks with 36k he would be doing it himself and wouldn't share his secret for anything. Now, to make a million bucks you would have to either make some product (site or anything for that matter) that is of use to millions of people and they are willing to buy it / use it. No matter how smart you are you still probably have about a one in a million chance of coming up with something of that sort. The other option is to get a lot of people to work for you and create value for you. Find some way in which you can fruitfully employ a lot of people and not only help them earn a living but, make money for you too. That's a lot easier to do in my opinion and you just need to look around you for ideas. Again I doubt anyone will give such ideas to you. And if ur really lucky u could win the lottery or something of that sort but the probability of that happening in next to 0. good luck. if u do become a millionaire within the next 3 years, do update this thread .
Basanta, You do not have to reinvent the wheel in stocktrading or with a new site to get rich... You just need to learn how to make the wheel roll a little smoother in your environment. If you want to be a billionaire.... Quite possible you need to reinvent the wheel - to be a millionaire - the boring way of finding customers for a product that is a tad better than the market offers is the way to go. Good Luck How To Finance A Business