Financial success is difficult to achieve when people don’t have a lot of money to start with. I have been pondering this dilemma and have come to a logical conclusion, which has enormous potential for those who can grasp the simplicity of the concept.
Let’s debunk and / or clarify some issues: First, it doesn’t take a lot of money to make money. Second, it is true that you can make more money selling products than services. Why? Because your earning potential with services is limited by your ability to provide an hourly amount of service. While; a product can be produced and delivered in almost infinite levels depending on consumer demand and production capacity.
It is also true that millionaires have a higher perspective on how to make money than the common person and this can be demonstrated 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 investments and ROI is the KEY to success. The problem for most people who dream of earning a million dollars is how to go from zero, or almost zero dollars, to a million; that’s where the mental block occurs. People can’t figure it out and give up, get a job and do what everyone else does, follow the followers.
While contemplating this topic, I realized that earning a million dollars, without inertia, is a path to a complex and basically unattainable goal, and that is why most people cannot achieve it. Then I realized the simplicity of the process. The way to earn a million dollars from a hundred dollars. The KEY is ROI. The key is to be small and apply a rule to everything you do and here is the formula that will allow you to take $ 100.00 and turn it into a million:
Regardless of what you invest 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 price possible with your initial $ 100.00 so that when you sell it, you recoup your initial investment, cover all your costs associated with selling the product, and after the dust settles, you have $ 200.00. Then repeat the process. It’s 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 are exchanging a product for money. instead of just doubling pennies without a penny font.
Let me say it again: 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 cannot double the investment according to this theory, do not invest. Let’s look at the math:
Initial investment of $ 100.
Initial ROI of $ 200
ROI of $ 400 seconds
ROI of the third of $ 800
$ 1600-quarter
$ 3200-fifth
$ 6400-sixth
$ 12,800-seventh
$ 25600-eight
$ 51200-ninth
$ 102400-tenth
$ 204,800-eleventh (1/4 million)
$ 409,600-twelfth (1/2 million)
$ 819200-thirteenth (almost one million)
$ 1638400-fourteenth (almost 2 million)
Instead of thinking about “making 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 extra step to earning a million dollars. Don’t have $ 50.00? Start with $ 25.00, you will get the point. I’ve pondered this and here’s a truth: If you can’t implement this simple and logical plan to earn a million dollars, the chances that you will never become a millionaire are extremely high. Why? Because if you can’t do the little 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 am thinking about my potential investments.
Think about it …
Copyright © 2006
James W. Hart, IV
All rights reserved