Other than FMF’s famous equation, there are no two other simpler ones that you will find to making a million dollars than these.
The first one is to find a billion dollars and start an airline company. The only problem is that you need to find a billion dollars first. I trust that you too have a resource like the rest of us?
The second one is even simpler. Find a way to make a buck, then repeat it a million times over. Simple enough? You bet. And if you want to make a Billion bucks, start selling a burger for a buck, and then sell over a billion of them like McDonalds publicly claims it has under the big golden M sign on their restaurants.
I understand you may not have the $750,000 cash on hand that McDonalds corporation wants you to have in your bank account to own a franchise. So let’s have a look at a few more reasonable ways of getting there shall we?
As you can imagine, there are countless roads to get to a million dollars, some better than others, some a quicker path than others. But the point is that there are roads!
Hours long of discussions can take place to address this question. But let me outline just a handful of reasons that come to mind immediately.
Conflicting Priorities – What I mean is scarcity of time. We all have the same amount of time, and we are all continuously challenged to fit all of our priorities in the limited time that we have.
Although many use the lack of time as an excuse to not embark on the million dollar journey, I find that this is a very genuine reason for many and one that I can totally respect.
Who says money is everything in life? Who says only a million bucks or more can be construed as “enough” or “a lot of” money? For many, less is more.
Lack of Desire – Some simply don’t want a million bucks. But what I find is that many really do want it if someone was to hand it over to them. In other words, they don’t want to mow their neighbor’s lawn 22,000 times. That’s why the lack of desire translates into laziness for me many times.
Limiting (Self Imposing) Beliefs – I see this one a lot. As a result of mental conditioning due to one’s upbringing, society or general environment, many have come to believe that earning one million dollars is beyond their reach, and that it is only meant for those who are either truly gifted or lucky in life.
Education & The Know How – The lack of education or “know-how” can preclude one from the apparently elusive million bucks even if they have a strong desire, the mindset to succeed, and no conflicting priorities. The good news is that the desire, capacity (availability of time due to low or no conflicting priorities) and right mindset compels one to acquire the education or “know-how” to achieve their dream.
Note: When I speak of education, I don’t necessarily mean formal Harvard university training. Education (or learning) can be accomplished in a variety of forms. If you want to succeed as an internet marketer, an MBA from a top 10 school might help, but will likely not get you there by itself. An investment in an internet marketing training course may better serve. Similarly, learning from an expert mentor for free who has been there and done that will also likely get you there. Education doesn’t have to cost money, but it will cost you time and effort.
The good news is that most of the barriers that come to mind can be overcome. The bad news is that there are several other external factors beyond one’s control that can severely impact the road to a million bucks. I never said the journey was going to be easy. Very few things worthwhile having in life are easy to come-by, and a million bucks is one of ‘em.
And as if there aren’t enough potential complications already, to keep things simple, I have conveniently skipped the discussion over taxes, potential risks such as litigation, or one of several other externalities that can impact the equation under discussion.
The point I am conveying is that making a million dollars is not that complicated of a task. And the bottom line is that your piece of the pie is out there if you want to go grab it. But can you? Do you want to? What is preventing you?
~ This was a guest post I had published on the Free Money Finance blog back in February. Because this blog is relatively new, I want to ensure my readership doesn’t miss a beatPrevious: My Detailed CashCrate Review