A million dollars

by Banned 75 replies
85
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.
#main internet marketing discussion forum #dollars #million
  • I will do number 3. Thanks.

    BTW, I won't learn the following...
    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.
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    • Banned
      2000 sales for a $500 product = a million dollars.

      Go out there and do it!!

      (Yes I am aware of the taxes)
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      Awesome!!

      What would you invest in?

      Real estate, automotive business etc...
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  • Always pour majority back into our business, investing in growth for sure.
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      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
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  • I would stop learning, and start doing
    10% - donate
    80% - invest in real estate
    10% - invest in my online projects.
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    • Banned
      That's awesome!!

      I would not suggest you to stop learning, I learn new things every single day, and you should too!!
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  • 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).
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    • Banned
      Once again: 95% for investments, 5% for yourself
  • This year is almost half gone - have you reached the halfway mark for your $$$ goal?
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    • Banned
      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
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  • 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.
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      That is what happens to lottery winners, or frank above ^^
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  • I would learn how to multiply the money best option among the 3
  • If I have the million dollars, do I need to learn how to get it still?
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  • I will do number 3
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    • it is just a scenario but yes in reality quite a few people have million dollars

      please do not get serious and take it in a light hearted manner
  • 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.
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  • 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...
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    • Banned
      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
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  • Banned

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

      Good luck with that.

      Cheers. - Frank
    • Please see this in-depth answer from the OP:

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

      Cheers. - Frank
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  • 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.
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    • Epic! you should extend the chapters to book size, i for sure would read that, very entertaining,
      and thought provoking. thanks.
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  • -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.
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    • 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.
  • 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
  • Definitely 3 and 2, and learning how to do some sort of VC investing would be really interesting
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  • why would someone choose not to multiply the money, multiply money= more money.
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  • Definitely #3. Multiple It. So then I would always maintain a million dollars.
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  • 60% saving
    30% reinvestment
    10% vacation
  • I will do number 2
  • 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.
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  • Sir, I would put all money on a mule.
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    • 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.
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  • 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. :-)
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