Make a million? Could You? How?

[laklak]

You're not going to make a million lying around in bed.

So true - my potential gigolo years are well and truly in the past...

Move here, Jim. Plenty of blue rinse old widows with oodles of diamonds just waiting for a man in a nice cardigan. Do you play bridge? That's a big plus.

[Blind groper]

In the "Millionnaire Nex Door" book, it was mentioned that the most common method at that time for becoming rich was via dry cleaning businesses. Start a dry cleaner. Save your dough. Start a second one etc.

Not sure if that still applies, since how lucrative specific businesses are changes from time to time. Do not start a book shop. Ebooks and tablets are well on the way to minimising that business.

Fast food franchises still do well. Sell heaps of grease to those who are obese.

You do not need to be the next Apple Computer. Quite ordinary businesses can do it. However, it will still take 20 years of frugal living and reinvesting every damn cent you can save.

[JimC]

You're not going to make a million lying around in bed.

So true - my potential gigolo years are well and truly in the past...

Move here, Jim. Plenty of blue rinse old widows with oodles of diamonds just waiting for a man in a nice cardigan. Do you play bridge? That's a big plus.

I suppose one could claim all the viagra as a legitimate tax rebate...

[laklak]

Dry cleaning is a pretty good one, actually. Start up costs are reasonable when compared with a fast food franchise (Micky D is about 2.5 million up front these days). Pizza shops are good too, you can get one up and running for around 150K. There's a big demand for good pizza, food costs are low and profit margins high. My sort-of son in law is in the pizza game, he's been managing a local pizza joint for the last 4 years and is buying out his boss. The business was appraised at 280K and it turned 76K profit last year, and would have done 156K had the owner not got slammed with a bunch of repairs by the health department (his own fucking fault, he did the work without pulling permits and had to tear it all down and do it again) That's one fuck of a return on investment, over 50% per annum. He's opening a second location and I'm definitely investing.

It comes down to hard work, luck has fuck all to do with it. This kid has worked a minimum of 80 hours a week for 4 years, his take home hourly pay was probably around $4. And it's usually closer to 100 hours. Works every weekend, every holiday, takes off one afternoon a week. Tough graft, but if he keeps going at this rate he'll sell out and retire before he's 40 and never work another day.

[mistermack]

Scrumple didn't say if it had to be a legal way.

If you want fast money, then breaking the law gives you the best chance.
Put all your money into one big drug deal, but give it more planning than the average crook.

Or, hire a shop, or warehouse, and take orders for cut-price large goods like furniture, carpets etc. and do a runner with the proceeds without delivering the goods.

Or con a Nigerian prince out of millions of dollars. That could turn out to be the hardest and least reliable.

[pErvinalia]

I could start a drug research outfit. One startup in 100 makes a drug, which they then license to Big Pharma or sell the whole company. Kind of like gambling. Need a couple million to make 10.

Aren't you a chemist? You could cook meth! :thecrack(?)pipesmokingsmiley:

Me personally, I'm going to become a professional poker player.

[mistermack]

For a legal way, the best way to get rich quick is to be involved in something fashionable.
Most things take years to grow, but in a world that involves fashion, you can get rich overnight.

So, anything to do with clothes, or shoes, or perfumes is good.
Also, art is good. If works of art come into fashion, they gain value very quickly. And art and fashion are much the same thing.

Of course, there are still opportunities in the social media field, if you can hit on something that people want.

[pErvinalia]

Porn.

[mistermack]

Porn.

What was that, a post about making money, or a cry for help?

[pErvinalia]

A bit of both...

[Coito ergo sum]

It comes down to hard work, luck has fuck all to do with it.

Luck wins the lottery.

Hard work creates success.

"Luck ain't even lucky, gotta make your own breaks." - wise words from Jon Bon Jovi.

I started my own business on a wing and a prayer. No dole here.

Porn doesn't pay men well. Ron Jeremy has commented on the pay scale of women and men in the sex film industry: in 2003 "Girls can easily make 100-250k per year, plus stuff on the side like strip shows and appearances. The average male makes $40,000 a year." Good luck becoming a millionaire doing that, if you're a guy.

[Clinton Huxley]

The easiest way to make a million is to have the common sense to be born to rich parents.

[Coito ergo sum]

The easiest way to make a million is to have the common sense to be born to rich parents.

I knew I screwed up somehow.

[Clinton Huxley]

The easiest way to make a million is to have the common sense to be born to rich parents.

I knew I screwed up somehow.

You WERE born to rich parents. As soon as you could talk, they put you up for adoption....

[Coito ergo sum]

The easiest way to make a million is to have the common sense to be born to rich parents.

I knew I screwed up somehow.

You WERE born to rich parents. As soon as you could talk, they put you up for adoption....

I had a bumper sticker on my stroller: "My other parents are British."