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originally posted by: amazing
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.
I don't see the formula to do it. I see the formulas to do it with a million. I'm missing something.
originally posted by: IgnoranceIsntBlisss
originally posted by: amazing
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.
I don't see the formula to do it. I see the formulas to do it with a million. I'm missing something.
You ever watch the show Mythbusters?
If you cant build a small scale model then how can you build full one?
Its called instead of buy houses and flip them, you buy nouns (whatever your scale of finances / operation is) and fix them up and sell those.
Let me know when you've got nearly a million!
BTW: How many houses must one flip to turn a million into a billion?!?
I buy a house for 200k and sell it I can make 50k then I have 250k.
originally posted by: neo96
a reply to: amazing
I buy a house for 200k and sell it I can make 50k then I have 250k.
Depends.
On the market,and
How much you put in.Say you put $50k and made $50k off of it your profit is ZERO. Then their would be a capital gains tax on it.
originally posted by: amazing
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?
There's a bunch of them.
1 is flipping houses, because then I can make 50-100k per each house..remembering that I paid cash so I have no mortgages. I can rent some, creating residual passive income. Another is franchises and new business. You can start a business for between 50 and 75k but most franchises want you to have at least a million in assets. Third would be that you can buy a small apartment building and refurbish it for a million. Again no loan payments. That's just three off of th etop of my head.
originally posted by: LesMisanthrope
originally posted by: amazing
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?
There's a bunch of them.
1 is flipping houses, because then I can make 50-100k per each house..remembering that I paid cash so I have no mortgages. I can rent some, creating residual passive income. Another is franchises and new business. You can start a business for between 50 and 75k but most franchises want you to have at least a million in assets. Third would be that you can buy a small apartment building and refurbish it for a million. Again no loan payments. That's just three off of th etop of my head.
What about overhead? You need to pay wages, taxes, insurance, utilities, rent, etc.
Real Estate is a good way to do it. Trump became a real estate mogul, afterall.
originally posted by: amazing
originally posted by: IgnoranceIsntBlisss
originally posted by: amazing
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.
I don't see the formula to do it. I see the formulas to do it with a million. I'm missing something.
You ever watch the show Mythbusters?
If you cant build a small scale model then how can you build full one?
Its called instead of buy houses and flip them, you buy nouns (whatever your scale of finances / operation is) and fix them up and sell those.
Let me know when you've got nearly a million!
BTW: How many houses must one flip to turn a million into a billion?!?
Hmmmm I can do a small scale model business. I can flip flip flops. I can buy a flip flop for a dollar and sell for 2. The problem becomes, how many centuries does that take to make it to a million. See the issue. it works but the scale is too small. That's why Trump's million dollar headstart was so important.