Hello Everyone!
Who doesn’t like to earn million Dollars? Yes, 1 million Dollar is what everyone likes to have. But, how can you make 1 million Dollars. The only legal way is to sell something which is worth that much. In order to produce such a thing, you need huge investment – may be more than a million Dollar.
If you have 1 Billion Dollar to start with, you can invest that much in some radical idea and produce something which is worth 1 million Dollars and sell it so that you will make 1 million Dollars in the beginning (entrepreneurship works slow)
But what if your goal is opposite? You have 1 million Dollars to begin with and you plan to make 1 billion Dollars as soon as possible. Sounds tough – Right?
There seems only 1 way to make it fast – gambling and betting. You bet 1 million and you can earn 1 billion if you are fortunate enough.
Wait! Should you actually go for it? Gambling may not be legal in your area. Even if it is legal, the market is highly risky. Your betting can multiply drastically provided you are fortunate. However, if you are not, you will probably lose everything. You can never decide how fortunate you are.
Anything which seems obvious is not always the right approach. Gambling is not recommended.
As discussed, we cannot gamble. Now, we need to invest somewhere. This is a slow measure but needs to well manage.
The trick is not to invest 1 million Dollars in 1 place. Remember the age old proverb your professor told you – Thou shalt not put all eggs in 1 basket?
1 million Dollar = 100 thousand Dollar x 10.
Use 10 (OR more) different investment schemes. Which market you think has no (OR little) value today but likely to have dramatic increase 5 years down the line? Invest in R&D related to such materials.
Let me give some examples:
Scholars confirmed dramatic rise in prices of cryptocurrencies like Bitcoin and Ethereum.
Solar power is considered a good investment
Foreign Exchange is a good business model 10 years down the line
The examples above are just indicative. You need expert advice to make success. Investing in successful ventures (after expert advice) is the only kind of legit way to make decent money. If you are a newbie, it is recommended to carefully research all aspects before actually putting your money there.
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View Comments
How about investing in the casino? As you know, many casinos are listed in the stock market. If you do not want to gamble against the house, then you make money with the house.
There is a saying that the house always wins.
@scheng1
Sorry but I can't reply on that. Frankly speaking, I have no knowledge of casino. What are they and how they work? Who cares? I know other ways to make money. Casino may not be legal everywhere. Anyways, there is huge risk associated with everything.
If I had one million dollars I would create cumulative deposits in several banks which would multiply in five years as the capital would increase with compound interest.