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12 February 2010

How to put million $ in your bank account.

Images extracted from http://paperkraft.blogspot.com/

The following ideas can be accomplished only, I will say it again only if you follow the following steps carefully and start early (at young age). It may sound ridiculous but it is achievable. Too many people think that making a million is way beyond their wildest dream but it is still possible, theoretically, to acquire or amaze that amount of money. Anyway you have nothing to lose if you follow the guide below but gain. However don’t blame anyone especially me if you fail to get what you want.

Making one million dollar is just a pipe dream to many people but is it possible to make that kind of money in one lifetime? I for sure am still trying to figure out the path to guide me and possibly one day I get to that spot. Yes it is possible or may be possible to acquire that much money by following these ideas and who know it may help to put the seven digits in your bank account.

1. You can start by asking $10 from 100,000 people you know. Yes, it sound ridiculous but it works if you know that many people in your lifetime.

2. Think franchise. What about selling something, say, fried “mee” or the local favorite “nasi lemak”. If you sell 1000 packets of “nasi lemak” daily in one location may not be so practical but what if you sell 100 packets in 10 locations (100 x 10 = 1000 packet a day). If you net profit per pack is $1, it may takes you only three years to make that seven digit. Now, I’m asking you it is possible isn’t it? I remember I read sometime ago in a newspaper, a vegetable seller turns millionaire just by selling vegetable for few years in his small mobile store.

3. Pay yourself first. Put aside 10% of your monthly salary in your “seven digit account”. Make it a standing instruction so you won’t forget it. Be patience and watch the compound growing.

4. The $5 scheme. This is a simple plan. You save $5 everyday. That’s not a lot or is it a lot to you? Then, deposit the money in an account that pays an interest of 10% p.a. In 42 years, you will have $1,000,000.00, barring any fluctuations in the interest rate.

5. Invest in education for yourself. Learn a skill. Get an MBA for example. Boost up your qualifications. The more you’re a worth; the more you will be paid. But you have to pay the price by scarifying you time for your family. You tend to spend less time with your family and more to your job. Why? Because you’re the head of the company and you get pay more.

6. Join a reality show. You can be a participant on reality show, for example, the reality show” who want to be a millionaire”. If you are lucky, you might win the grand prize of $1,000,000.00. Another way is, the most common way is to buy a lottery (big sweep lottery currently giving away $13,000,000.00 for the 1st prize).

7. Be an entrepreneur. Start a business or any business that you think can make you money, lot of money. Someone once said: “if you love your job, you’ll never have to work a day”. I don’t quite understood this remarks but my comment is: if you like your job, say doing business and make money, very soon you become good at it, too good that people want you to do more and more, you tend to work harder and at the end you get tired. You’re suppose to make your life easy not end up getting tired and more tired. Anyway that is my opinion but it sound like a great way to get rich.

8. Go online. May be you have a great idea, like the student in England, making millions by selling pixel in his site (http://www.milliondollarhomepage.com/) or maybe you could be the next famous online infopreneur, the great John Chow (http://www.johnchow.com/) earning an average monthly income of $ 12,000.00 via his website.

There are many ways to make money out there but to decide which one suit you best is solely depend on you. What interest you the most and most importantly, are you ready to take the challenge to start your own business or do something to make you more money? But do not make money illegally cause it not good for your soul.

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