If you had a million dollars... What would you do?

I made my millions in real estate as a residential home builder. Due to health reasons I have to face the facts and look for a business that I can run from my home. I have been exploring buying an existing profitable internet business but now thinking of starting one from scratch. Looking for something that is fun, relatively stress free and would earn a good ROI on my investment. Any ideas? What would you guys do?

PS: I'm not entirely sure this is the right forum for this but I wanted to give it a shot.

 

pm me i have an opportunity for you. Im willing to invest some of my own into it as well.

 

CPA
Hire a CPA coach for $25k- 50k
You can recover your $50k in less than one month. And turn your 1m into 2-5 mils in 1 year

 

If you're sitting on that kind of money, you should make sure you're financially secure first - pay off loans, pay off your mortgage if possible, all of that stuff.

If you have any future obligations (paying for your kids college for example), set money aside for this purpose and put it in govt bonds or in the bank.

With the rest of the money, you'll want to decide how much you're willing to (potentially) lose. If it were me, I'd put something like 50-70% of it into an index fund that tracks the overall stock market. The other portion of my funds I would use either to try and develop a brand new business or buy a web business to run.

Right now you have financial security - your goal first and foremost is to maintain that security. Say you end up with $100k to spend on a web business - you can do a lot with $100k in this industry.

 

I just read about a fortune 500 company that sells products on Ebay and makes over 15 million dollars in sales per year. There might be some awesome opportunities there.

 

Start a web hosting company or preferably buy a running hosting business, spend thousands of dollars on advertisement to get rankings. You will get recurring sales.

 

Retire immediately. Go around the worlddddd

 

LOL! Its only 1 mill not 100 millions.

 

I would start investing it immediately and keep my day job. With the right investments for long term wealth growth and compounding interest, that million dollars would grow into a much larger number relatively quickly.

 

I would first secure my financial security as 'amplice' suggests. Then if I have money over, I would invest, start a business, or both. Since you are asking the question the way you are asking, I suspect you are already financially secure.

In that case, I would look into a business that I/you are familiar with. For example, since you were a residential home builder, you can use your knowledge in that area... consulting, write a book, etc.

Now, if you are looking to break into a brand new industry, then here is my plug... We have a new product line, called "Airsoft3D". Very innovative products. You can do a quick search for it on Google. Very little competition right now as we are designer/manufacturer with intellectual property rights. We are looking for wholesalers and retailers to work with. You can operate a small retail business from your home. Contact us if you are interested.

Good luck. With your financial backing, you don't have much of a limit in the home business of your choosing.

 

I think it's enough. You need only 10000$ to travel for one year (in poor country).

 

Instant Following Warren Buffett's strategy.

 

1 million is a lot but not that much considering cost of housing and so forth these days. So I would put some of it into my college fund and help my parents pay off their divorce costs and bills, and put the rest in savings or charity.

 

Are you new to the idea of making online? Or is this something you've looked into quite a bit? There are a lot of opportunities out there;
I personally think there are ways to make money in all of them, but if you're looking for a long term sustainable income from online marketing (Particularly relating to MLM) then you should look at an opportunity with the following criteria;

1) a good system in place that helps you automate most of the work
2) a system that is easily duplicatable - Duplication is the key to success online MLM
3) a reputable name and awesome personal testimonials with tons of success stories
4) A Product that the niche you're focusing needs

as opposed to something that would require a lot of micro management, a complex system that's hard to understand let alone explain to your new sign ups (downline) and a product that the market doesn't find valuable.

I could certainly point you in the right direction if you wanted to send me a message,
I've been in this industry for a while and have seen a lot, tried a lot, and failed a bunch until finding my current company.

If your mentoring and guidance is good, then you should have no problem being successful.

I can provide more details in private if you're interested to know more and how I can help you.

Adam Pace

 

Still you have enough money - Idea is good and go around the world, If you go then I am sure you will have some better idea for your business as well.

This is what my experience is

 

For sure will go for a very long holiday. Bring along family and friends as well.

 

I would actually grow a huge business to maybe even get over 1 million dollars! Who knows?!

 

as far as I know blogging are good idea! well at least low cost right

 

In your place, I would hire some beautiful women to sit in my house to entartain me and all to be transmited live like in Big Brother Show, all around the world, what they are doing, all the time. Give them tasks to do, make them work for you... play and do some very funny things, what people watching TV are asking from them. It would be fun and money maker....
Second, I will travel all around the world with me (I mean with Mirodenia) for 2 years and after that I will buy her a nice house near the ocean for the great ideas she gave to me. Hahahah.

 

give a share with other and dreaming again for 1M...