1. The Quickest Million Ever Made
There are ways to make a million, some difficult some not so difficult. This article is not about a
chance million like lotto, or an inheritance. This article explores how an average person with
absolutely no money could, with some focus and perseverance make their first million in no time at
all.
Let's clear the decks and make way for a completely new perspective. Ideally, a million dollars, from
go to stop, could be made within 12 to 14 months. That is a reasonable time frame. I say that
because I refer to a mathematical compounding formula that shows this is fairly possible and the
math proves it.
If you get a calculator out and start with just $100 dollars and multiply it by 2 or add 100% every
month, you will see on the calculator that 100 turns into over $1 million dollars in 14 such events or
multiplications. If you break it down even further, in an effort to see how you could add 100% per
month you could see that adding just 20% per week to the total will add up to 100% per month.
So what I am saying is $1 million dollars can be made by anybody if they focus solely on generating
those results. As an example to get you started, you could easily buy something with your $100 dollar
seed capital today that you know for sure is under priced. An old mountain bike, a TV, a stereo,
anything that you know is worth $120 that you can buy for $100. Make the transaction and you are on
your way. As you go up you can buy cars, then maybe land, or luxury boats and houses, or precious
stones.
The key to this concept is understanding what intrinsic value means. Any object at all has a worth
attached to it. Even old, neglected or broken objects have a worth. It might not be high, but still there
is an under pinning intrinsic value. If you can get good at identifying that intrinsic value by using
comparative appraisals, you can then always make offers on such items at the correct price which is
typically 20% below intrinsic value, so you can make your mark up.
Also, with most items, there is a way to improve them, for instance a car typically needs a good clean
up and its value can quickly become higher, just by presenting it in a better light. A land block can be
subdivided if it is big enough to make two lots which are collectively worth more. A house can be
painted and decorated appealingly which increases the value dramatically. These concepts can be
used to control the actual value of the purchase you made.
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