How to turn $100 into a million dollars
Financial success is hard to achieve when people don’t have a lot of money to start with. I have been reflecting on this dilemma and have come to a logical conclusion, which has tremendous potential for those who can grasp the simplicity of the concept.
Let’s debunk and/or clear up a few things: First, it doesn’t take a lot of money to make money. Second, it is true that more money can be made selling products than services. Because? Because your earning potential with services is limited by your ability to provide amount of service per hour. Where; A product can be produced and delivered at almost infinite levels depending on consumer demand and production capacity.
It is also true that millionaires have a superior perspective on how to make money over the common person and this can be shown by the fact that not everyone is a millionaire.
So how does a millionaire make millions? By investing money in things and ideas that “make money”…
Millionaires want a return on their investment and ROI is the KEY to success. The problem for most people who dream of winning a million dollars is how to go from zero or almost zero dollars to a million; that is where the mental block occurs. People can’t understand it and they give up, get a job and do what everyone else does, follow the fans.
While contemplating this topic, I realized that making a million dollars, without inertia, is too complex a goal and basically unattainable, and that is why most people cannot achieve it. So the simplicity of the process hits me. The way to make a million dollars from a hundred dollars. The KEY is ROI. The key is to be smart and apply a general rule of thumb to whatever you do and here is the formula that will allow you to take $100.00 and turn it into a million:
Invest what you do with your money, double your earnings when you sell it. It’s that easy. Knowing this, then you should buy/invest in something (anything) for the lowest possible price with your initial $100.00 so that when you sell it, you get your initial investment back, cover all your costs associated with selling the product, and after dust Liquidate, you have $200.00. Then repeat the process. It’s kind of like the “double a penny every day for 30 days” angle where at the end of 30 days, you have a million dollars… only this is more practical because you’re trading a commodity for money in instead of simply doubling pennies without a penny source.
Let me repeat it: invest $100.00 in any product so that when you sell it, it is priced to recoup all your costs and double your money. Then repeat the process. That product could be anything from A to Z. The key is to buy low, sell high, and double your initial investment. If you can’t double the investment based on this theory, don’t invest. Let’s look at the math:
$100-initial investment.
$200-first ROI
ROI of 400 seconds
ROI of $800-3rd party
$1600-quarter
$3200-fifth
$6400-sixth
$12,800-7th
$25600-eight
$51200-ninth
$102400-tenth
$204,800-eleventh (1/4 million)
$409600-twelfth (1/2 million)
$819,200-thirteenth (nearly one million)
$1,638,400-fourteenth (almost 2 million)
Instead of thinking “make a million dollars,” change your mindset to “double your money” on everything you invest and start small. In fact, starting with $50.00 only adds one more step to earning a million dollars. Don’t have $50.00? Start with $25.00, you get the point. I have given this some thought and here is a truth: If you cannot implement this simple and logical plan to make a million dollars, the chances that you will never become a millionaire are extremely high. Because? Because if you can’t do the small things first, you can never do the big things. Start with what you have to invest and double your ROI.
I don’t know about you, but as you read this, I’m thinking about my possible investments.
Think about it…
Copyright © 2006
James W. Hart, I.V.
All rights reserved