5 Ways to Make $1,000,000

Written by on October 11, 2012 in Money - No comments | Print this page

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Thanks to higher inflation, a million dollars is not as valuable as it was several decades ago. However, it is still interesting how the amount can still be elusive. According to the Wall Street Journal, there are about 7.5 million millionaires scattered across the globe in 2004. That means there are still billions of people who are yet to accumulate even at least $1,000,000. The path to earning a million dollars is a difficult one. Here are five ways you can take.

1.Become a property mogul.

Investing in real estate has always been a formula for success. It is best if you will be able to buy properties during a buyers’ market, when prices are much lower. You may decide to sell those when prices soar to their highest. Moreover, you may decide to become a landlord and rent out the properties. If you own several of those, you may possibly earn thousands of dollars each month. After a few years, it is possible to accumulate a million dollars from property rentals.

2.Establish a successful business.

The problem with many entrepreneurs is that they just aim for small profits and become contented with livable business income. If you want to become a millionaire, make sure your venture will enable you to earn lots of money. To do so, carefully plan your enterprise. Make the right choices when it comes to products or services to sell and implement effective business strategies.


3.Become a super saver.

According to research, aggressive saving can possibly enable a person to save up to a million dollars in several years. If you can save up to half of your regular monthly income and not spend it no matter what happens, imagine how much it can get after five or 10 years. However, this strategy may entail a great amount of discipline. It will help to live a frugal and modest lifestyle. Be conscious of the way you spend money.

4.Go up the corporate ladder.

Aim to climb the corporate hierarchy. Getting a promotion from being a supervisor to a manager and eventually to a director can lead to a significant increase in compensation. Getting a higher position can also make you eligible for additional supplemental income like stock options and bonuses. It may take bigger responsibilities, discipline, and determination to do so. Hard work and sheer talent will pay off. Just strive to be excellent when doing your job.

5.Win money from gambling.

Everyone can agree that the fastest way to make a million dollars without any hassle is through winning the lottery. There are many other ways to win a million dollar. Try your luck at online betting, casino, and other raffle draws. You may have to spend a few dollars to keep on betting. Just do not be fully into it as you may lose more than you can win in the long run. Take it slow and easy and try to rely on instinct, intuition, and luck.

This is a guest post.  Allan is a regular blogger focusing on men’s interest, sports and entertainment. Over the last 4 years, Allan has published numerous articles on prominent sites including MenStuff, Luxbet, and BeInSports.

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