5 WAYS TO MAKE $1 MILLION DOLLARS
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The internet and other technology is making it easy to build
a home business. It’s entirely feasible to build a fortune right from your kitchen table with a phone, communication
skills and a computer. Start a home business part time and work up to a full time enterprise. If you are a serious business builder,
no one will work harder than you on your projects. So, figure out what you want to do…what you love to do, and come
up with a way to make money from home.
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David B., a network marketing millionaire was broke before becoming a recognizable
name in that industry. He would leave his house every morning with 10 beans in his pocket and wouldn’t return home until
he had thrown away each bean. In order to throw a bean away he had to talk to someone about his business.
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Today, network marketing is a sophisticated business model but many still use those same methods
to build obscene residual income. Dani J. was living out of her car at one point before she took control of her life and now she makes
a fortune as a motivational speaker and a well respected professional in marketing.
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Donald B., a well known
infomercial marketer started out tele-marketing from the garage over his parents’ home before he became a multi-million
dollar infomercial king. Each of these individuals had a dream. Find your passion and run with it. Don’t procrastinate.
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Real Estate has proven to be a winner over the years, regardless of whether it is in a boom or bust
cycle. Flip, or buy and hold, if you have discretionary income that you can use for investing, this can be a lucrative home
business. The trick is to know how to make money in every market. I don’t recommend some of the so-called gurus out
there. They have made themselves rich off of people wanting to learn how to make their dreams a reality and turned previously
lucrative markets such as real estate tax sales into money pits. Do not buy those courses. Many people have invested life
savings into tax sales recommended by these charlatans and lost every penny.
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Despite the fact that there are
people out there selling misleading courses in how to make money in real estate, it can still be a good investment. Right
now property in Arizona, parts of California, Florida and Nevada are at bargain prices. Get a good agent who knows the area you’re interested in, and really
run the numbers to make sure you are not getting into something that you can’t afford to keep even if you don’t
have a renter for a month or two.
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Become
an expert in something you like. It can be a hobby, a talent…. Or choose an area of expertise you already know and
make it work for you. Read books, get informed. Become a consultant, write and sell e-books, get paid for speaking and more.
Turn your expertise into a lucrative business. Buy low sell high isn’t just for real estate. It also holds true for selling
used furniture, appliances etc. online. Go to any online classified site, like craigslist, and find items that sell well in
your area. Buy them at a discount, fix them up a bit and sell them for more. If you’re a good negotiator, this is a
potential money-maker. I spoke with one woman who does this and makes $35,000/year. Not a million dollar a year venture, but
the money she makes can be reinvested in real estate or the stock market. Put some in savings. Over time, your portfolio can
be worth well over a million dollars.
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Invent something… either a brand new product,
or find a way to build a better mouse trap. Get a patent if your idea merits developing your product or idea and make it available
to customers via the internet, mail order, or partner with an existing business.
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Become
a Tech wizard. Start part-time and build it to a full-time home business. Matt D. started his own web design/software company
from home a few years ago and now has a business worth over one million dollars and growing. You can also Program iPods, computers
etc for business and personal users living in your area. Offer computer tech support and build an empire.
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If you are in
your twenties or early thirties become a millionaire by starting out right. Experts say that more millionaires are made
through consistently doing a few simple “common sense” things like putting 10% of your income
in savings, CDs or the stock market (buy and hold) or real estate.
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Are you married? More
people who have stayed married to the same person are also millionaires. Divorce is not only painful, it’s costly. The old adage
is true. If you want to change something in your life for the better, you can’t keep doing what you do if you want a
different result.
