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originally posted by: amazing
originally posted by: Bluntone22
A million is chump change in the business world.
Good luck with that billion.
I could make a billion if I had that chump change. I promise you.
originally posted by: amazing
originally posted by: randyvs
originally posted by: amazing
originally posted by: GradedIron
a reply to: amazing
Wondering how much money you got and why you haven’t easily flipped it yet?
I have a pretty good life. Nice house, my own business, but I don't have any cash. I'm getting by just fine, some 401K savings, some stock etc. But I don't have that million dollars to make that extra money. That's why I'm telling you guys getting to that first million is the hard part.
Just another teaser and not a pleaser!
You're just like all the rest.
I never said I had a million. I'm telling you that if I had a million I'd turn it into millions more. I'm asking how do I get that first million?
originally posted by: IgnoranceIsntBlisss
originally posted by: amazing
originally posted by: randyvs
originally posted by: amazing
originally posted by: GradedIron
a reply to: amazing
Wondering how much money you got and why you haven’t easily flipped it yet?
I have a pretty good life. Nice house, my own business, but I don't have any cash. I'm getting by just fine, some 401K savings, some stock etc. But I don't have that million dollars to make that extra money. That's why I'm telling you guys getting to that first million is the hard part.
Just another teaser and not a pleaser!
You're just like all the rest.
I never said I had a million. I'm telling you that if I had a million I'd turn it into millions more. I'm asking how do I get that first million?
Since you'd have no problem turning a million into a billion then you should have no problem turning one thousand into one million.
originally posted by: LesMisanthrope
a reply to: amazing
If it is easy to turn one million to billions, surely you can take $100 and turn it into $10,000.
originally posted by: UKTruth
originally posted by: amazing
originally posted by: Bluntone22
A million is chump change in the business world.
Good luck with that billion.
I could make a billion if I had that chump change. I promise you.
So if I were to give you $1m, would you pay me back, say, $500m in 10 years - keeping the other $500m for yourself?
A 500x return in 10years would be great.
If you have some collateral... house, car(s) etc and are willing to work off the initial stake if you fail, then I am sure there will be little trouble securing the $1m.
It's easy- so guarantee the initial funding at least.
You'll have people knocking down your door to invest.
originally posted by: DanDanDat
My dad gave me 10k. All he had in life was 30k and he split it between his three kids.
I did NOT turn that 10k into 100k.
So if Trump senior gave his son 1M and his son turned it into 1B .... that's better than I was able to do. Did you do better?
originally posted by: LesMisanthrope
a reply to: amazing
I don't see the formula to do it. I see the formulas to do it with a million. I'm missing something.
What is the formula to do it with a million?
originally posted by: bigfatfurrytexan
a reply to: amazing
Capital stack and lines of credit. And a business model that either throws off cash to ownership or builds greater capital for the next project
I know a dude who got rich getting people to invest in a project he didnt have skin in just so he could charg them to GC the construction and manage the operation afterwards.
Slick talk to build a capital stack is all it really takes