by linuspersson Banned
75 replies
What would you do if you had a million dollars?

1. Learn how to get the money
2. Learn how to keep the money
3. Learn how to multiply the money


I don't want to hear you would buy this or that, what would you do if you had a million dollars, but you could only use them to invest.
#dollars #million
  • Profile picture of the author superowid
    I will do number 3. Thanks.

    BTW, I won't learn the following...
    Originally Posted by linuspersson View Post

    2000 sales for a $500 product = a million dollars.

    Go out there and do it!!

    (Yes I am aware of the taxes)
    I'd learn how to make it without me doing it my self as I had a million, right?!
    So, I won't go out there and will learn other trick than above said. Thanks.
    Signature

    I'm learning to draw again ...
    I want to sell my drawing later on!
    Wish me luck, okay?!

    {{ DiscussionBoard.errors[10742124].message }}
    • Profile picture of the author linuspersson
      Banned
      Originally Posted by superowid View Post

      I will do number 3. Thanks.
      2000 sales for a $500 product = a million dollars.

      Go out there and do it!!

      (Yes I am aware of the taxes)
      {{ DiscussionBoard.errors[10742128].message }}
      • Profile picture of the author Gambino
        Originally Posted by linuspersson View Post

        2000 sales for a $500 product = a million dollars.

        Go out there and do it!!

        (Yes I am aware of the taxes)
        You make it sound so easy. Have you done this?

        P.S. Why would anyone learn how to get the money if they already had the money.
        Signature

        Shop here and help us rescue dogs: RescuTees.com
        Join our affiliate program and earn 15% commissions here: Become an Affiliate

        {{ DiscussionBoard.errors[10742134].message }}
        • Profile picture of the author linuspersson
          Banned
          Originally Posted by Gambino View Post

          You make it sound so easy. Have you done this?

          P.S. Why would anyone learn how to get the money if they already had the money.
          I have not cause I was lazy, this year my goal is a million dollars, so i can notify you by the end of this year!!

          If you had a million dollars, you need to know how to get more, if you don't know how to get the money, then you don't know how to multiply it. 1-3 goes hand in hand.

          There is 7.4 billion people in this world, you need 2000 of them to buy a $500 product. Or 1000 people to buy a 1000$ product.

          However I learned this from a millionaire that has done it, many times over, a multi millionaire!! (Grant cardone)
          {{ DiscussionBoard.errors[10742136].message }}
          • Profile picture of the author Gambino
            Originally Posted by linuspersson View Post

            There is 7.4 billion people in this world, you need 2000 of them to buy a $500 product. Or 1000 people to buy a 1000$ product.

            However I learned this from a millionaire that has done it, many times over, a multi millionaire!! (Grant cardone)
            I hope you didn't pay for this advice. Good luck to you.
            Signature

            Shop here and help us rescue dogs: RescuTees.com
            Join our affiliate program and earn 15% commissions here: Become an Affiliate

            {{ DiscussionBoard.errors[10742182].message }}
            • Profile picture of the author linuspersson
              Banned
              Originally Posted by Gambino View Post

              I hope you didn't pay for this advice. Good luck to you.
              That was the most negative comment i've seen today. Here is the reason why more people isn't millionaires, their mindset is all wrong!!
              {{ DiscussionBoard.errors[10742196].message }}
              • Profile picture of the author kilgore
                Originally Posted by linuspersson View Post

                Here is the reason why more people isn't millionaires, their mindset is all wrong!!
                Thanks so much for this thread. I think it's really gonna change my life. How could I have known that all the time I've been spending delivering great content to my users, developing new features for my website and building relationships with my community of customers was all wasted. What I really needed was just the right mindset.

                And, of course, the secret -- which you so kindly provided:

                Originally Posted by linuspersson View Post

                There is 7.4 billion people in this world, you need 2000 of them to buy a $500 product. Or 1000 people to buy a 1000$ product.

                However I learned this from a millionaire that has done it, many times over, a multi millionaire!! (Grant cardone)
                Wow. That's brilliant. Just 2000 to buy a $500 product or just 1000 to by a $1000 product.

                That said, while I know it's probably a bit presumptuous of me to make a suggestion to a guru such as you, might I suggest that you might want to consider a change in your mindset too?

                Why stop at 2000 people buying $500 products or 1000 people buying $1000 products? You really should be trying to get 10000 people to buy $10000 products or 5000 people to buy $20000 products. Then you'd have $100 million!!!!!!

                But wait, maybe a further change in your mindset could get you to 100,000 people buying a $10000 product -- then you'd be a billionaire!!!!!!

                As you say, "Never lower your targets"!

                Anyway, thanks again for such great advice. And while I know you said that the only thing holding you back was laziness, I can tell given the amount of time you're spending posting such great things in the WF that you're now spending your time in the right way to get you closer and closer to your goal.
                {{ DiscussionBoard.errors[10742259].message }}
                • Profile picture of the author linuspersson
                  Banned
                  Originally Posted by kilgore View Post

                  Thanks so much for this thread. I think it's really gonna change my life. How could I have known that all the time I've been spending delivering great content to my users, developing new features for my website and building relationships with my community of customers was all wasted. What I really needed was just the right mindset.

                  And, of course, the secret -- which you so kindly provided:



                  Wow. That's brilliant. Just 2000 to buy a $500 product or just 1000 to by a $1000 product.

                  That said, while I know it's probably a bit presumptuous of me to make a suggestion to a guru such as you, might I suggest that you might want to consider a change in your mindset too?

                  Why stop at 2000 people buying $500 products or 1000 people buying $1000 products? You really should be trying to get 10000 people to buy $10000 products or 5000 people to buy $20000 products. Then you'd have $100 million!!!!!!

                  But wait, maybe a further change in your mindset could get you to 100,000 people buying a $10000 product -- then you'd be a billionaire!!!!!!

                  As you say, "Never lower your targets"!

                  Anyway, thanks again for such great advice. And while I know you said that the only thing holding you back was laziness, I can tell given the amount of time you're spending posting such great things in the WF that you're now spending your time in the right way to get you closer and closer to your goal.
                  I agree with you, you need the right mindset to get there.

                  First of all sarcasm is rarely used in texted as it does not work.

                  Did i say you should not deliver value, did i say you should not build relationsships? No i did not say that, what i said was you need the right mindset and no negativity, as you are just shining with negative energy, YOU will never make a million dollars.

                  When the haters pop up, You know you're on the right track, and i've seen plenty of them posting right here.
                  {{ DiscussionBoard.errors[10742298].message }}
                  • Profile picture of the author Tsnyder
                    Originally Posted by linuspersson View Post

                    I agree with you, you need the right mindset to get there.

                    First of all sarcasm is rarely used in texted as it does not work.

                    Did i say you should not deliver value, did i say you should not build relationsships? No i did not say that, what i said was you need the right mindset and no negativity, as you are just shining with negative energy, YOU will never make a million dollars.

                    When the haters pop up, You know you're on the right track, and i've seen plenty of them posting right here.
                    I'm going to blow your theory to Kingdom Come... I've earned multiples
                    of that amount and I'm going to be the most negative guy yet and say
                    that everything you've written in this thread is total BS. You haven't got the
                    first clue of what it takes to achieve that level of success.

                    But, hey... preach away if it helps you sleep good at night.
                    Signature
                    If you knew what I know you'd be doing what I do...
                    {{ DiscussionBoard.errors[10742483].message }}
                    • Profile picture of the author BigFrank
                      Banned
                      Originally Posted by Tsnyder View Post

                      I'm going to blow your theory to Kingdom Come... I've earned multiples
                      of that amount and I'm going to be the most negative guy yet and say
                      that everything you've written in this thread is total BS. You haven't got the
                      first clue of what it takes to achieve that level of success.

                      But, hey... preach away if it helps you sleep good at night.
                      Making cogent posts that go wasted on people that don't have the life experience or the intellectual capacity to understand their value is not the best use of your time.

                      Don't play the sucker and get hooked on trying to do the right thing by being the voice of reason toward people that truly do not deserve a minute of your time or an iota of your thoughtfulness. They simply are not worthy.

                      They say it's not nice to feel superior to others. I guess that just depends on the people that you bump into on life's journey. Sometimes it's just impossible not to feel that way, unless you have a really bad self-image. :-)

                      Cheers. - Frank
                      {{ DiscussionBoard.errors[10742542].message }}
                      • Profile picture of the author Robscom
                        Just for grins, I'll throw out another scenario.

                        What if you got the million dollars from luck or chance?

                        1. Winning the lottery
                        2. Game show winnings
                        3. Inheritance
                        4. Unfortunate accident that has a victorious lawsuit

                        Something that was not duplicate-able.

                        Then you'd need to learn how to get it (again).

                        Hence the reason of the first option.
                        Signature
                        "Do. Or do not. There is no 'try.'" -- Yoda
                        {{ DiscussionBoard.errors[10749589].message }}
                      • Profile picture of the author Steve B
                        I propose three classifications for all threads in this forum. At the top of each thread would be the headings:

                        1. Sound Money Making Advice (Study This)

                        2. This Will Not Make You Money (Don't Do This)

                        3. This is a Distraction (Ignore and Get Back to Work)

                        ===================================

                        How would you rate this thread?

                        Steve

                        What? You're still here?
                        Signature

                        Steve Browne, online business strategies, tips, guidance, and resources
                        SteveBrowneDirect

                        {{ DiscussionBoard.errors[10749752].message }}
                  • Profile picture of the author Greg guitar
                    Originally Posted by linuspersson View Post

                    I agree with you, you need the right mindset to get there.

                    First of all sarcasm is rarely used in texted as it does not work.

                    Did i say you should not deliver value, did i say you should not build relationsships? No i did not say that, what i said was you need the right mindset and no negativity, as you are just shining with negative energy, YOU will never make a million dollars.

                    When the haters pop up, You know you're on the right track, and i've seen plenty of them posting right here.
                    The "haters" are actually trying to wake you up from your platitudes; they never made anyone a dime, except by selling them to gullible people in books and courses about "The Millionaire Mind" and other such nonsense.

                    Just because the seasoned marketers on WF shot down your empty platitudes doesn't mean you are "on the right track" because "haters popped up".

                    If every time someone points out flaws in your current thinking, you deny the insights, call the critics "haters", and insist their criticism confirms you're right, it means you are too closed to criticism to learn anything, and too attached to believing you are right to do what is needed to be successful, which includes course correcting when you get valuable feedback that you're on the wrong track, which you clearly are. Not exactly what I'd call a "success mindset".

                    But you can probably sell the platitudes to people in your "circles", because mlm people buy that stuff by the ton.
                    {{ DiscussionBoard.errors[10742625].message }}
          • Profile picture of the author Tsnyder
            Originally Posted by linuspersson View Post

            I have not cause I was lazy, this year my goal is a million dollars, so i can notify you by the end of this year!!

            If you had a million dollars, you need to know how to get more, if you don't know how to get the money, then you don't know how to multiply it. 1-3 goes hand in hand.

            There is 7.4 billion people in this world, you need 2000 of them to buy a $500 product. Or 1000 people to buy a 1000$ product.

            However I learned this from a millionaire that has done it, many times over, a multi millionaire!! (Grant cardone)
            Learned what? All you've written is what to do... not a single
            word of how to do it. Words are hollow without action.

            What action have you taken thus far. The year is half over... how
            much have you earned/
            Signature
            If you knew what I know you'd be doing what I do...
            {{ DiscussionBoard.errors[10742474].message }}
            • Profile picture of the author Kay King
              I'd suggest looking around for better threads - where people tell you HOW to make that money BEFORE you spend it....great plan in the thread below...

              http://www.warriorforum.com/main-int...do-income.html
              Signature
              Every child needs a pet because every family needs an optimist

              Saving one dog will not save the world....but will forever change the world for one dog.
              {{ DiscussionBoard.errors[10742710].message }}
  • Profile picture of the author Josiah NEY
    [DELETED]
    {{ DiscussionBoard.errors[10742147].message }}
    • Profile picture of the author linuspersson
      Banned
      Originally Posted by Josiah NEY View Post

      Definitely number 3.
      Awesome!!

      What would you invest in?

      Real estate, automotive business etc...
      {{ DiscussionBoard.errors[10742156].message }}
      • Profile picture of the author Josiah NEY
        Originally Posted by linuspersson View Post

        Awesome!!

        What would you invest in?

        Real estate, automotive business etc...
        I would want to invest in my email marketing business at the moment. I just started out, so definitely email marketing business.
        Still have lots to learn, still have lots more work to do to get better.
        {{ DiscussionBoard.errors[10742266].message }}
        • Profile picture of the author linuspersson
          Banned
          Originally Posted by Josiah NEY View Post

          I would want to invest in my email marketing business at the moment. I just started out, so definitely email marketing business.
          Still have lots to learn, still have lots more work to do to get better.
          That's the spirit!! Keep working hard and you will get there.
          {{ DiscussionBoard.errors[10742369].message }}
  • {{ DiscussionBoard.errors[10742155].message }}
    • Profile picture of the author linuspersson
      Banned
      Originally Posted by jbsmith View Post

      Always pour majority back into our business, investing in growth for sure.
      You need to stay broke, don't spend on anything fancy but instead only spend on the absolute necessary. Invest everything you got!! Repeated step 1-3 over and over again.

      95% for investments, 5% for yourself
      {{ DiscussionBoard.errors[10742160].message }}
      • Profile picture of the author mze1984
        Originally Posted by linuspersson View Post

        You need to stay broke, don't spend on anything fancy but instead only spend on the absolute necessary. Invest everything you got!! Repeated step 1-3 over and over again.

        95% for investments, 5% for yourself
        Linus is right. keep investing in the process.
        {{ DiscussionBoard.errors[10742425].message }}
  • Profile picture of the author Alex July
    I would stop learning, and start doing
    10% - donate
    80% - invest in real estate
    10% - invest in my online projects.
    Signature

    Hey, Warriors! Check my latest and greatest blog post:
    Aweber Sucks? Should You Switch from Aweber To ConvertKit?

    {{ DiscussionBoard.errors[10742158].message }}
    • Profile picture of the author linuspersson
      Banned
      Originally Posted by Alex July View Post

      I would stop learning, and start doing
      10% - donate
      80% - invest in real estate
      10% - invest in my online projects.
      That's awesome!!

      I would not suggest you to stop learning, I learn new things every single day, and you should too!!
      {{ DiscussionBoard.errors[10742161].message }}
      • Profile picture of the author Alex July
        Originally Posted by linuspersson View Post

        That's awesome!!

        I would not suggest you to stop learning, I learn new things every single day, and you should too!!
        I read a lot on self-development, and I understand how important it is to dedicate yourself to life-long learning.
        From the other hand, learning too much is the direct road to procrastination.
        Signature

        Hey, Warriors! Check my latest and greatest blog post:
        Aweber Sucks? Should You Switch from Aweber To ConvertKit?

        {{ DiscussionBoard.errors[10742163].message }}
        • Profile picture of the author linuspersson
          Banned
          Originally Posted by Alex July View Post

          I read a lot on self-development, and I understand how important it is to dedicate yourself to life-long learning.
          From the other hand, learning too much is the direct road to procrastination.
          I do not agree with you there, you learn every day with out really doing anything else then your daily routines.

          I would suggest you read at least 1 book per week to stay motivated.

          I'm not talking about learning new ways to make money, I'm talking about learning how to get better at what you're already doing!!
          {{ DiscussionBoard.errors[10742166].message }}
  • Profile picture of the author ajbarnes777
    10% help my family that's struggling.
    10% donate.
    25% retirement fund.
    5% bills.
    50% beer ()

    Seriously though, 50% would certainly be reinvested (real estate and my business).
    {{ DiscussionBoard.errors[10742190].message }}
    • Profile picture of the author linuspersson
      Banned
      Originally Posted by ajbarnes777 View Post

      10% help my family that's struggling.
      10% donate.
      25% retirement fund.
      5% bills.
      50% beer ()

      Seriously though, 50% would certainly be reinvested (real estate and my business).
      Once again: 95% for investments, 5% for yourself
      {{ DiscussionBoard.errors[10742204].message }}
  • Profile picture of the author Kay King
    this year my goal is a million dollars
    This year is almost half gone - have you reached the halfway mark for your $$$ goal?
    Signature
    Every child needs a pet because every family needs an optimist

    Saving one dog will not save the world....but will forever change the world for one dog.
    {{ DiscussionBoard.errors[10742207].message }}
    • Profile picture of the author linuspersson
      Banned
      Originally Posted by Kay King View Post

      This year is almost half gone - have you reached the halfway mark for your $$$ goal?
      No, and i will still make 1 million dollars, (at least).

      Nothing is impossible, you just gotta work hard and never lower you target/s
      {{ DiscussionBoard.errors[10742212].message }}
      • Profile picture of the author BigFrank
        Banned
        Originally Posted by linuspersson View Post

        No, and i will still make 1 million dollars, (at least).
        Of course, you will!
        Nothing is impossible, you just gotta work hard and never lower you target/s
        Yep! It's as simple as that. Just ask all of those that have failed applying your business philosophy. Oh, right. I forgot. They weren't focused.

        You'll forgive my honest assessment that you will now judge as 'negative.' I can't help myself. I've made my money by working. Not dreaming and talking.

        Cheers. - Frank
        {{ DiscussionBoard.errors[10742285].message }}
        • Profile picture of the author linuspersson
          Banned
          [DELETED]
          {{ DiscussionBoard.errors[10742300].message }}
          • Profile picture of the author BigFrank
            Banned
            Originally Posted by linuspersson View Post

            Well you clearly need to change what you're doing, as you're not a millionare.
            True, but that is not my goal in life. Being close to a millionaire suits me just fine. Additionally, my house has a 'million dollar view.

            How's that view from your cardboard box? lol



            Additionally, you should at least learn to spell the word, 'millionaire.' Epic fail. lol

            Cheers. - Big 'Closer to a Million Than You'll Ever Be' Frank
            {{ DiscussionBoard.errors[10742307].message }}
            • Profile picture of the author linuspersson
              Banned
              Originally Posted by BigFrank View Post

              True, but that is not my goal in life. Being close to a millionaire suits me just fine. Additionally, my house has a 'million dollar view.

              How's that view from your cardboard box? lol



              Additionally, you should at least learn to spell the word, 'millionaire.' Epic fail. lol

              Cheers. - Big 'Closer to a Million Than You'll Ever Be' Frank
              What i see is a tree, and water, that is worth less then a dollar in my eyes.

              This is not a discussion but a way of learning people. The value you just gave away, well that is free on google pictures.

              I can see why you have over 1000+ posts when this is what you post...
              {{ DiscussionBoard.errors[10742312].message }}
              • Profile picture of the author BigFrank
                Banned
                Originally Posted by linuspersson View Post

                What i see is a tree, and water, that is worth less then a dollar in my eyes.
                That's because you don't know the true value of anything. Money is meaningless until you do something interesting with it.

                You're right. I'm lying. I don't really live there and that's not my car. I'm as phony as you are clueless.

                Let's see who sleeps more content, tonight. :-)

                Cheers. - Frank
                {{ DiscussionBoard.errors[10742325].message }}
                • Profile picture of the author linuspersson
                  Banned
                  Originally Posted by BigFrank View Post

                  That's because you don't know the true value of anything. Money is meaningless until you do something interesting with it.

                  You're right. I'm lying. I don't really live there and that's not my car. I'm as phony as you are clueless.

                  Let's see who sleeps more content, tonight. :-)

                  Cheers. - Frank
                  Yea you did the opposite of a millionaire. You spended the money, and did not invest it, neither did you keep it.
                  {{ DiscussionBoard.errors[10742332].message }}
                  • Profile picture of the author BigFrank
                    Banned
                    [DELETED]
                    {{ DiscussionBoard.errors[10742352].message }}
                    • Profile picture of the author linuspersson
                      Banned
                      [DELETED]
                      {{ DiscussionBoard.errors[10742360].message }}
                      • Profile picture of the author Gambino
                        Originally Posted by linuspersson View Post

                        If you buy stocks, then your a complete and utter idiot. And if you spend your money, you are broke. Money is supposed to be hoarded, but as i see it you are a consumer and not a seller.

                        Do you have any control over the stock market? NO, you don't. Do you know how to sell, NO, you don't.
                        LOL! You obviously know little about investments or business but hey, like Journey said, "Don't Stop Believing"!

                        1. I bought Apple in the 70/80s and made a ton of money. I can't image how much money someone who bought it in the teens made.

                        2. I spend money and shockingly, I'm not broke. Can you believe that?

                        3. "Money is meant to be hoarded" is literally such a stupid statement that there's nothing I can even say. Everyone is a consumer.
                        Signature

                        Shop here and help us rescue dogs: RescuTees.com
                        Join our affiliate program and earn 15% commissions here: Become an Affiliate

                        {{ DiscussionBoard.errors[10742385].message }}
                        • Profile picture of the author linuspersson
                          Banned
                          Originally Posted by Gambino View Post

                          LOL! You obviously know little about investments or business but hey, like Journey said, "Don't Stop Believing"!

                          1. I bought Apple in the 70/80s and made a ton of money. I can't image how much money someone who bought it in the teens made. And you still can't control IT -.-, Also this is 2016.

                          2. I spend money and shockingly, I'm not broke. Can you believe that? No, no i can't, you probably live paycheck to paycheck.

                          3. "Money is meant to be hoarded" is literally such a stupid statement that there's nothing I can even say. Everyone is a consumer.
                          you can't say anything because it's not stupid. Everyone is not a consumer -.-
                          {{ DiscussionBoard.errors[10742393].message }}
                          • Profile picture of the author Gambino
                            Originally Posted by linuspersson View Post

                            you can't say anything because it's not stupid. Everyone is not a consumer -.-
                            You have never purchased anything in your life?

                            Consumer: a person who purchases goods and services for personal use.
                            Signature

                            Shop here and help us rescue dogs: RescuTees.com
                            Join our affiliate program and earn 15% commissions here: Become an Affiliate

                            {{ DiscussionBoard.errors[10742428].message }}
                            • Profile picture of the author BigFrank
                              Banned
                              Originally Posted by Gambino View Post

                              You have never purchased anything in your life?

                              Consumer: a person who purchases goods and services for personal use.
                              You need to have money to do that. You can't spend dreams. :-)

                              Cheers. - Frank
                              {{ DiscussionBoard.errors[10742433].message }}
                          • Profile picture of the author najo10
                            Originally Posted by linuspersson View Post

                            you can't say anything because it's not stupid. Everyone is not a consumer -.-
                            Explain exactly how not everyone is a consumer? Because becoming a non-consumer means you don't need any money to buy the things you won't be buying since you don't consume. If you got that figured out, maybe you can sell the secrets to it for $500.00-$1000.00 a pop. Of course, you wouldn't need the money though. So I guess it doesn't matter. Just be content not consuming instead.
                            {{ DiscussionBoard.errors[10742481].message }}
          • Profile picture of the author BigFrank
            Banned
            Originally Posted by linuspersson View Post

            So what exactly are you working on.
            My tan, as I cruise around in one of my two cars. lol



            Cheers. - Frank

            P.S. I generally don't do this, but you deserve to see why actions speak louder than words.
            {{ DiscussionBoard.errors[10742319].message }}
            • Profile picture of the author linuspersson
              Banned
              Originally Posted by BigFrank View Post

              My tan, as I cruise around in one of my two cars. lol



              Cheers. - Frank

              P.S. I generally don't do this, but you deserve to see why actions speak louder than words.
              A car i can find on google, and once again you put useless information as a post.

              I can at least see that you're spending, and that is why you're not a millionare.

              2.Learn How To Keep The Money
              {{ DiscussionBoard.errors[10742328].message }}
              • Profile picture of the author BigFrank
                Banned
                Originally Posted by linuspersson View Post

                A car i can find on google, and once again you put useless information as a post.
                You're absolutely correct. lol I actually live in a van, down by the river.
                I can at least see that you're spending, and that is why you're not a millionare.
                Still won't spell that correctly. No personal pride, no initiative, no sense of embarrassment. You'll go far in life.
                2.Learn How To Keep The Money
                Screw that. I've earned it and I'll spend it. What - I should die and leave to someone? Did I mention screw that.

                What good is earning money if you don't spend it. I have everything I want, everything I need and a nice nest-egg. You live your life the way you see fit for you and I'll enjoy mine as I see fit for me.

                Different strokes. Now - off to Mickey D's for dinner for you. lol

                Cheers. - Frank
                {{ DiscussionBoard.errors[10742344].message }}
  • Profile picture of the author oppyeaunome
    I probably won't do much if I had a million dollars. The most I would do is find out how I could multiply that money.

    I mean if you think about it if you just get that money and you do nothing else it is possible that you could spend all of it and end right back up in the position you were before.
    {{ DiscussionBoard.errors[10742377].message }}
    • Profile picture of the author linuspersson
      Banned
      Originally Posted by oppyeaunome View Post

      I probably won't do much if I had a million dollars. The most I would do is find out how I could multiply that money.

      I mean if you think about it if you just get that money and you do nothing else it is possible that you could spend all of it and end right back up in the position you were before.
      That is what happens to lottery winners, or frank above ^^
      {{ DiscussionBoard.errors[10742382].message }}
  • Profile picture of the author BigFrank
    Banned
    [DELETED]
    {{ DiscussionBoard.errors[10742395].message }}
    • Profile picture of the author Jonathan 2.0
      [DELETED]
      {{ DiscussionBoard.errors[10742401].message }}
  • Profile picture of the author Gallag97
    [DELETED]
    {{ DiscussionBoard.errors[10742403].message }}
    • Profile picture of the author linuspersson
      Banned
      Originally Posted by Gallag97 View Post

      i would choose #3, the more money the better
      Do It, Go out there and hustle!!
      {{ DiscussionBoard.errors[10742415].message }}
  • Originally Posted by linuspersson View Post

    What would you do if you had a million dollars?

    1. Learn how to get the money
    2. Learn how to keep the money
    3. Learn how to multiply the money


    I don't want to hear you would buy this or that, what would you do if you had a million dollars, but you could only use them to invest.
    I would learn how to multiply the money best option among the 3
    {{ DiscussionBoard.errors[10742430].message }}
  • Profile picture of the author gotthrowaway
    Originally Posted by linuspersson View Post

    What would you do if you had a million dollars?

    1. Learn how to get the money
    If I have the million dollars, do I need to learn how to get it still?
    {{ DiscussionBoard.errors[10742445].message }}
    • Profile picture of the author linuspersson
      Banned
      Originally Posted by gotthrowaway View Post

      If I have the million dollars, do I need to learn how to get it still?
      Yes! You do!
      {{ DiscussionBoard.errors[10742451].message }}
      • Profile picture of the author gotthrowaway
        Originally Posted by linuspersson View Post

        Yes! You do!
        How? If I have a million dollars, I obviously know how to get it.
        {{ DiscussionBoard.errors[10742453].message }}
        • Profile picture of the author linuspersson
          Banned
          Originally Posted by gotthrowaway View Post

          How? If I have a million dollars, I obviously know how to get it.
          In this scenario i want to know what you would to with a million dollars.

          And i gave the 3 steps to do it.
          {{ DiscussionBoard.errors[10742462].message }}
  • Profile picture of the author Nabil IMI
    I will do number 3
    {{ DiscussionBoard.errors[10742450].message }}
  • Profile picture of the author sameer04
    [DELETED]
    {{ DiscussionBoard.errors[10742467].message }}
  • Profile picture of the author najo10
    The only people who have really said anything of value so far are Big Frank and Gambino. They are not being negative, they are trying to get you to snap out of your flawed view.

    It's good to have a goal. But a goal requires a specific plan, laid out steps of how you get from where you're really at to where you want to go. Asking what people would do with a million dollars is like asking what would you do if you won the lottery. You and they do not have a million dollars, so the answer is pointless. See, you are always learning and reinvesting. You get your money building and creating engines that work your money for you. Learning and earning are tied hand in hand. The question you really should ask is: from where you are at, with X dollars how do you get to your goals of Y dollars within Z time. What product and/or service that you know or have access to will fulfill that goal.

    Oh, and Frank's "Googled" pics are unique images that aren't found anywhere else when you image search them. So here is a lesson for you. Learn to get proper knowledge and know the right course before you go and speak.

    Everyone else, learn to distinguish between people who've done it versus people that don't do. Then follow the footsteps of the doers. Otherwise you're just enabling each other's failure.
    {{ DiscussionBoard.errors[10742470].message }}
  • Profile picture of the author JohnMcCabe
    There's a story I've been told so many times that I've lost the original citation for it...
    There was an old man who lived a miserable life. Ate nothing but the cheapest foods. Wore nothing but the cheapest rags. Kept the temperature in his tiny, rundown apartment so low that no one could visit him and stay for long.

    Which wasn't a problem, as no one really liked the old man. Bitter, always complaining about having to spend money on this or that, how everybody was scheming to grab the little he had, how life was unfair, and so on. Miserable old man to be around.

    One day, he stopped coming to the soup kitchen where he got most of his meals. When the authorities checked on him, they found the old man frozen to death in his apartment with the heat turned completely off.

    When they started cleaning out the apartment, they tried to move his mattress, but it was very heavy. They found it stuffed with bundles of cash and bags of coins - over two million dollars worth.

    The old man was literally sitting on a fortune! Yet he lived and died like a penniless beggar.
    The old man obviously covered #1 - he knew how to get the money.

    He had #2 covered - he obviously knew how to keep it.

    There was evidence that he knew how to multiply it (#3), as the money was accumulated over a number of years.

    Yet he died cold, miserable and alone.

    Me? If I had a million dollars, I'd start by figuring out how much I needed to support a comfortable lifestyle. I'm a pretty simple guy, so the number isn't really that big. Then I'd invest the money in such a way that I could sustain that lifestyle for as long as I live. Then again, barring some medical miracle, I've already made more than half of my allotted trips around the sun, so my perspective is different from many of you...
    {{ DiscussionBoard.errors[10742475].message }}
    • Profile picture of the author BigFrank
      Banned
      Originally Posted by JohnMcCabe View Post

      Me? If I had a million dollars, I'd start by figuring out how much I needed to support a comfortable lifestyle. I'm a pretty simple guy, so the number isn't really that big. Then I'd invest the money in such a way that I could sustain that lifestyle for as long as I live. Then again, barring some medical miracle, I've already made more than half of my allotted trips around the sun, so my perspective is different from many of you...
      This is very typical of you, John. Writing thoughtful, well-reasoned posts that require an intellect slightly above room temperature to actually comprehend.

      You've got some nerve! :-)

      Cheers. - Frank
      {{ DiscussionBoard.errors[10742547].message }}
  • Profile picture of the author yukon
    Banned
    Originally Posted by linuspersson View Post

    What would you do if you had a million dollars?

    1. Learn how to get the money
    2. Learn how to keep the money
    3. Learn how to multiply the money

    If you have money why would you want to learn how to get the same money?
    Signature
    Hi
    {{ DiscussionBoard.errors[10742550].message }}
    • Profile picture of the author BigFrank
      Banned
      Originally Posted by yukon View Post

      If you have money why would you want to learn how to get the same money?
      So - let me see if I have this correctly. You're employing logic?

      Good luck with that.

      Cheers. - Frank
      {{ DiscussionBoard.errors[10742567].message }}
    • Profile picture of the author Gambino
      Originally Posted by yukon View Post

      If you have money why would you want to learn how to get the same money?
      Please see this in-depth answer from the OP:

      Originally Posted by linuspersson View Post

      In this scenario i want to know what you would to with a million dollars.

      And i gave the 3 steps to do it.
      All you need to do to make a million dollars is know how to get the money, know how to keep the money, and know how the multiply the money. Truly brilliant stuff.
      Signature

      Shop here and help us rescue dogs: RescuTees.com
      Join our affiliate program and earn 15% commissions here: Become an Affiliate

      {{ DiscussionBoard.errors[10742570].message }}
  • Profile picture of the author gingerninjas
    2. for sure. I would break it down into 50% savings, 20% education and 20% travel and 10% of doing the crazy things with my family I have always put in the 'later' basket.
    {{ DiscussionBoard.errors[10742626].message }}
  • Profile picture of the author yukon
    Banned
    OP was banned for doing math.
    Signature
    Hi
    {{ DiscussionBoard.errors[10742628].message }}
    • Profile picture of the author BigFrank
      Banned
      Originally Posted by yukon View Post

      OP was banned for doing math.
      And somehow I survive. Amazing. lol

      Cheers. - Frank
      {{ DiscussionBoard.errors[10742636].message }}
  • Profile picture of the author art72
    Well that was an interesting little read, I was ready to break out the popcorn...

    This dates back to the book... Matt 25:14-30 and really, if you replace the words money and gold with "TALENTS" - it really all boils down to ones willingness to take risks, use their talents, and NOT FEAR the outcome of success!

    *Easier said than done, no doubt!

    As someone who has done all three... and recognizing my prior mistakes, I'd definitely spend the money by investing in "talented people" to do the work, bring ideas to life, and well... outsource the tasks to others who could help innovate new ideas and provide much needed solutions.

    A large percentage of the 'leaders' of today's industries including, but not limited to Jay Samit (book: "Disrupt You"), Ryan Levesque (book: "Ask"), and numerous others are all 'teaching and leading' by example, and that example is to simply communicate, ask, be a doer, get ahead of the curve and innovate - not bury your talents or sit on your hands, making excuses, living in fear, daydreaming, or being impractical... just help others live better - would seems a damn good start!

    Knowledge is an act of philanthropy and when people share it openly, success follows.

    However, sharing knowledge openly in the typical JOB setting or of a corporate mindset... is almost always a sure-fired way to replace yourself, get steam-rolled, or in my experience - be seen more as a threat -or- competitor than an asset!

    Employers want results, but god forbid you exceed their expectations too often...they will start feeling threatened by your knowledge, I've experienced this and it'strange, because I didn't want what the employer/client has per se... I just wanted to live better, work less, and make more!

    People without fear... RARELY fear giving away too much as the supply of knowledge is INFINITE! (*As are the possibilities!)

    Money is just a bi-product of those who understand the value of being cultivators and helping others grow...

    Maybe if we bury the bullshit - instead burying both our talents & our heads in the sand... we could all better tend to the gardens... and use money/rewards as a seed to develop new innovative ways to cure our human ignorance, fear,s and all the crap that provokes so much ignorance, instability, and the battles that ensue... internally and externally.

    It's like that guy Jason Statem (or whatever the hell his name is) in the movie; "Wild Card" - everybody wants "F..K YOU MONEY!"so they never have to look back, and yet...the people who have that kind of money work relentlessly on the next challenge, they don't disappear and sip Margarita's with Jimmy Buffet in the Caribbean - just chilling out everyday at some beach front Wiki Huts bar....unless of course, they're discussing a proposition to generate a product, event, or on a so-called vacation... pondering their next big "RELEASE".

    Sadly... many NEVER escape the cages they've built within their minds... as that is where I'd start fixing the problem... with a penny or a million dollars, makes nodifference.
    Signature
    Coming Soon... *Laser Targeted Lead Generation Services
    {{ DiscussionBoard.errors[10742667].message }}
    • Profile picture of the author George Schwab
      Originally Posted by art72 View Post

      Well that was an interesting little read, I was ready to break out the popcorn...

      This dates back to the book... Matt 25:14-30 and really, if you replace the words money and gold with "TALENTS" - it really all boils down to ones willingness to take risks, use their talents, and NOT FEAR the outcome of success!

      *Easier said than done, no doubt!

      As someone who has done all three... and recognizing my prior mistakes, I'd definitely spend the money by investing in "talented people" to do the work, bring ideas to life, and well... outsource the tasks to others who could help innovate new ideas and provide much needed solutions.

      A large percentage of the 'leaders' of today's industries including, but not limited to Jay Samit (book: "Disrupt You"), Ryan Levesque (book: "Ask"), and numerous others are all 'teaching and leading' by example, and that example is to simply communicate, ask, be a doer, get ahead of the curve and innovate - not bury your talents or sit on your hands, making excuses, living in fear, daydreaming, or being impractical... just help others live better - would seems a damn good start!

      Knowledge is an act of philanthropy and when people share it openly, success follows.

      However, sharing knowledge openly in the typical JOB setting or of a corporate mindset... is almost always a sure-fired way to replace yourself, get steam-rolled, or in my experience - be seen more as a threat -or- competitor than an asset!

      Employers want results, but god forbid you exceed their expectations too often...they will start feeling threatened by your knowledge, I've experienced this and it'strange, because I didn't want what the employer/client has per se... I just wanted to live better, work less, and make more!

      People without fear... RARELY fear giving away too much as the supply of knowledge is INFINITE! (*As are the possibilities!)

      Money is just a bi-product of those who understand the value of being cultivators and helping others grow...

      Maybe if we bury the bullshit - instead burying both our talents & our heads in the sand... we could all better tend to the gardens... and use money/rewards as a seed to develop new innovative ways to cure our human ignorance, fear,s and all the crap that provokes so much ignorance, instability, and the battles that ensue... internally and externally.

      It's like that guy Jason Statem (or whatever the hell his name is) in the movie; "Wild Card" - everybody wants "F..K YOU MONEY!"so they never have to look back, and yet...the people who have that kind of money work relentlessly on the next challenge, they don't disappear and sip Margarita's with Jimmy Buffet in the Caribbean - just chilling out everyday at some beach front Wiki Huts bar....unless of course, they're discussing a proposition to generate a product, event, or on a so-called vacation... pondering their next big "RELEASE".

      Sadly... many NEVER escape the cages they've built within their minds... as that is where I'd start fixing the problem... with a penny or a million dollars, makes nodifference.

      Epic! you should extend the chapters to book size, i for sure would read that, very entertaining,
      and thought provoking. thanks.
      Signature

      {{ DiscussionBoard.errors[10742735].message }}
  • Profile picture of the author onlinecommerce
    -first use what you need to support the growth plans of your business. You should already have a very clear business plan and growth strategy so it will be very clear how much money you need to achieve this.

    -second take the remaining money and invest in a nice etf portfolio for retirement and forget about it so you can focus on growing your business.

    If you have a million dollars you either earned it or won the lottery. If you earned it nothing changes and you continue business like normal. Otherwise now you have the financies which the previous lack therefore of may have been probably holding back the growth of your business.

    Either way not a lot changes and you continue growing your business as before but just won't run into issues financing your growth.
    {{ DiscussionBoard.errors[10742719].message }}
    • Profile picture of the author celente
      Originally Posted by onlinecommerce View Post

      -

      Either way not a lot changes and you continue growing your business as before but just won't run into issues financing your growth.
      actually I like your angle there, so many people fail at business cause they cannot grow it.

      if you have a business that is stagnet, its just a stones throw from going bust. Its happened to 2 of my friends. It comes with changing, at a rapid rate with your business.
      {{ DiscussionBoard.errors[10744354].message }}
  • Profile picture of the author mb2590
    1. Learn how to get the money then I would teach 10 people how I got the money and that would 3. Multiply the money so I could 2. Learn how to keep the money
    {{ DiscussionBoard.errors[10742749].message }}
  • Profile picture of the author R0b328
    Definitely 3 and 2, and learning how to do some sort of VC investing would be really interesting
    {{ DiscussionBoard.errors[10742799].message }}
  • Profile picture of the author Gallag97
    why would someone choose not to multiply the money, multiply money= more money.
    {{ DiscussionBoard.errors[10743967].message }}
  • Profile picture of the author jenlpan
    Definitely #3. Multiple It. So then I would always maintain a million dollars.
    {{ DiscussionBoard.errors[10744359].message }}
  • Profile picture of the author kazimuhith
    60% saving
    30% reinvestment
    10% vacation
    {{ DiscussionBoard.errors[10745660].message }}
  • Profile picture of the author Majed Mohammed
    I will do number 2
    {{ DiscussionBoard.errors[10749553].message }}
  • Profile picture of the author nikhilsonu44
    I choose number 3 multiply the money

    I invest 50% in the sharemarket (Long term investments)
    20% In real estates
    10% For my basic needs
    20% Donations to stop child labour and get them literate.
    {{ DiscussionBoard.errors[10749689].message }}
  • Profile picture of the author wiseoldman
    Sir, I would put all money on a mule.
    {{ DiscussionBoard.errors[10752578].message }}
    • Profile picture of the author George Schwab
      Originally Posted by wiseoldman View Post

      Sir, I would put all money on a mule.
      its better than wasting it all on candy

      personally i got inspired by a guy that will put it all into a foundation
      for kids without parents and the old without family

      i said wow, i'll do the same when i'm your age, you cannot take it with you when you go. He said: exactly, i dont need money, i'm giving it all way.
      Signature

      {{ DiscussionBoard.errors[10752765].message }}
  • Profile picture of the author celente
    build a list
    outsource your stuff to company
    get targeted leads every day.
    set up your sales funnel.
    direct leads to sales funnel.
    keep working your sales funnel for better conversions.

    Turn a million into a billion, hopefully. :-)
    {{ DiscussionBoard.errors[10752756].message }}

Trending Topics