My friend and I want to set a goal to make a million bucks in 5 years.
By nextgen
@nextgen (1888)
India
21 responses
@tishabest (602)
• Belgium
20 Sep 06
In order to do so you first need to do market research to see if there's a market for your product and all the feasibility issues involved.
2 people like this
@jetlady (338)
• Philippines
20 Sep 06
First buy lots of those best selling books about Life, Success, and Financial Management from your favorite bookstores. They will serve as your indespensable guide, counsellor, friend and/or companion, throughout your journey.
God Bless you both. :)
@amiksinha (1960)
• India
20 Sep 06
take out a part of it and save it....coz need dough to manage day to day life... then rest of it, go ahead and invest in business... wat else? if i can make a million bucks out of nothing in 5 yrs.... imagine what i can make with half a million in 5 yrs frm now :)
@SunnyDays (1070)
• Bahamas
24 Sep 06
Invest half of it and give half away for a good project i would create for homeless kids ..
@Lackingstyle (7509)
•
20 Sep 06
Good luck. I think you'll need it.
Of course being on MyLot will help.
@sanjeevnair (51)
• India
24 Sep 06
i will put a part of it in the bank .will a new bungalow and will start a business relating to my field
@labatt113 (401)
• United States
24 Sep 06
That would be fun. I think if you take two people or a team that are doining it for fun it will happen! I would do simple numbers research one being every cent earned should go into an account that is interest bearing and when you increase your savings you should go to a higher interest account. I think you should do some product research whatever is very popular with your demographic you should go after. You must be creative in thinking! I think you need an item/s that no one sells. Like offer stuff only availabl in europe etc. YOu create this product line people will seek. Low coat and high mark up is key iwth proper product. I could go on forever but all you need is a basis and run with it.
Send me a dollar when you get there. I at least deserve a cheeseburger for the post heh anyway honestly best of luck don't ever think you can't do it. MOney comes easier the more capital gains you develop.
@blondetruly (826)
• United States
20 Sep 06
Pay bills and get the things I have always wanted. Help out a few people in need. Mostly help my mom and my close family. Invest some save some.
@MommyMushBrain (200)
• United States
20 Sep 06
First pay off the house, and bills. Then i'd still have plenty left. Lol. Buy a new car for each of us per ours are both old and falling apart (but paid for so hey i cant complain at the moment to much).
I'd invest some, take a vacation, let hubby go back to college. then after he was done i'd go. Set up college funds for the kids.
@kashezmommy (154)
• United States
20 Sep 06
pay off all my debt, buy a house, put up money for my sons college tuition, invest some, buy a new car probably a BMW X5 :) and put up some more in trust for my baby boy