tenno1234


Is it possible to accumulate liquid funds of 1 million $ over a timeframe of 10 years ?
If yes, which of the following ways would be the best way to achieve this: (initial capital 10,000$)
1. investing in the stockmarket
2. trading commodities
3. trading forex
4. real estate
5. start an online retailing business
6. create an online affiliate website
7. buying and selling on ebay
8. Something else ?
winning the lottery is not an option !.

4 Responses to “1 million $ in 10 years ?”

1. louie on January 20th, 2009 8:25 am

   I would say a combination of a few of them. I persinal make alot of my money buying and selling (not on Ebay tho) I buy a $500 car, fix it up so it runs, sell it for $1000, buy a $1000 car, fix it up and sell it for $2500, then buy a $2500 car, get my drift here?

   A buddy does that same thing with planes, he is making upwords of $10,000 a plane just on profits alone, and usually can fix up any where from 1-5 planes a month (he has a small crew sometimes thats helps him)

   Just my opinion…

2. Drake S on January 21st, 2009 1:05 am

   Very interesting question and I figure that with tax lien and deed investing this is possible.

   For instance take this scenario- You Invest in tax liens in Delaware which has a return rate of 15% per month. Over the period of 10 years you purchase 60 tax liens growing your $10 000 to $190 000. Ok I kknow this is only 20% of a million but it is possible that some of the liens that you purchased won’t be redeemed by their owners allowing you to aqcuire the property free and clear for pennies on the dollar.

   You can then turn around and sell the property for its market value or higher. You only need to sell 4 properties at $200 000 to reach your mark and since you bought 60 tax liens this very likely. This way you will never run out of investment opportunities and you can grow your $10 000 to staggering amounts in record breaking time.

3. Boo on January 24th, 2009 2:48 am

   Your first three options most likely will not yield a million dollars without a lot of luck.

   Option four buying real estate is the safest and surest way to make a million. Mostly because you can use other people’s money. Buy property on credit, and use rents to pay the debt. You have to qualify for the loan and keep the properties rented, I do mean properties few individual homes will pass the million mark in the next 10 years.

   Starting a web business or any other business for that matter could result in making you a millionaire or more…just have a decent plan, work really hard, be smart…starting a business has created a lot of millionaires.

   There isn’t any guarantees with any of the methods…but go for it! You only got 10,000 dollars to lose!

   Good Luck!

4. Paul U on January 27th, 2009 2:19 am

   First you need a road map on how to get from where you are to where you want to go.

   To grow $10,000 to $1,000.000 you would need to double your money 7 times. (You will actually end up with $1,280,000 at the end of 120 months).

   To double your money 7 times in 10 years you would need to double it every 17 months.

   To double your money in 17 months you would need to earn 4.3% per month (Rule of 72).

   By entering a hedge trading strategy in the Forex market utilizing the EUR/USD, USD/CHF and GBP/USD currency pairs you could earn a daily interest payment of $14.00 (4.26% per month) while having $1150 of your $10,000 placed into the position (11.5% margin).

   Your annual interest received would be 51.09%.

   Keep in mind that the Forex market has inherent risks. Using a hedge trade stratgey helps to greatly reduce those risks however one should never invest money in the Forex market that they could not afford to lose.

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