Make One Million Dollars Before You Have It -
How To Make A Million Dollars By Next Friday
Everybody dreams about a million dollar deal. The overnight wealth
type of deal. One simple idea that you gain the vision to follow through
with. These happen every day, but unfortunately it is rarely done by
ordinary people who would benefit from a deal like that. It's usually
made by professionals that know what they are doing.
The mind is an amazing piece of hardware and can deliver all sorts of
amazing answers to the most difficult questions. Just like a computer,
you start with a question you want an answer to, then you feed the
mind the data it needs to formulate a quality and high probability of
success answer.
Many would be happy with a million dollars in a few years even, but
some are ambitious, and consider it a waste of effort for anything
under a million dollars. One way to do a million dollar deal is to use
other peoples equity.
The most likely answer to the question, "how do I make a million
dollars by next Thursday" would look something like this. You would
find an investment object of value. To invest one million dollars before
you actually own one million dollars, you would need to deal in assets
that are worth $5 to $10 million dollars. A residential water front
mansion, a quality business, a small hotel down town, a luxury Yacht,
it doesn't matter what the investment is, because there are other
much more important considerations.
The most important considerations are the numbers. Lets say we
found a seller of a luxury Yacht who was quite urgent about finding a
buyer. The Yacht is a masterpiece of craftsmanship and the asking
price is $12 million dollars. You don't have $12 million dollars, you
don't even have $1200 dollars in your bank account. But that is not
important. If this seller gets his boat sold. If the new buyer you find to
conclude the deal is filthy rich and not price sensitive, but rather utility
sensitive (more on that in a moment) Then it doesn't matter that you
are really poor, I assure you this is but a temporary condition.
Your first step, after inspecting the vessel and taking extensive digital
pictures, is to assess the boats real intrinsic value. If you know
nothing about boats, you may need to become an expert fast.
Because you need to familiarize yourself with all possible features and
understand the market quickly. The point of your research is to put a
real price on the boat. A price you know will sell the boat.
You are after $1 million dollars, so that boat needs to have around 8%
spare excess intrinsic value in it. In other words, you will need to find
that equity somewhere. You can find it from the seller, by offering him
$11 million for the vessel. Or you can get it from the buyer buy
charging $13 million dollars for the boat, or you can do a combination
of both to access that 8% million dollar profit.
Perhaps you can do some research on what the new buyer might
need and supply that to give you the extra you need to profit. For
example, the new buyer might not have even thought about mooring
and maintenance, so you find a good quality marina and establish
pricing for him and present it to him. This simple afternoon of work
might be the tipping point that will seal the deal in the new buyers
mind.
You need to understand the utility of the new buyer, the reasons why
he wants to buy a luxury cruiser and what it would take for him to be
happy with your deal. Then provide it as best you can.
Lets say you find a buyer and have made him satisfied and wants to
go ahead with the purchase. Great. Now what. You don't own the boat
and it is quite illegal to sell something you don't rightfully own. The
only exception to this law, is in the stock market where you can short
sell and "put" shares to people even though you don't own the shares.
But here is the thing. If you gain commitment from that buyer and the
million dollars is in the deal. If you approached a loan officer, I don't
think there would be a bank in the country that would not consider
lending you the required capital for a short period of time because you
have one million dollars in equity and you have the boat. They would
independently value the boat and put your contract up as equity. The
boat and the contract would serve as collateral under their lending
procedures. It all depends on the strength of the commitment you
gained from the buyer. If he signed a contract, that is a one million
dollar piece of paper.
Once you have secured the funds, it is a simple matter of picking the
boat up from the seller and delivering it to the buyer. His check goes
directly to the lending bank, with the left over million deposited into
your account. Im sure the lending bank would take a nice nibble on
your million in the form of interest, but thats ok, their help was worth a
million dollars to you. It takes knowledge and a little finesse. This is
not above anybody.
How To Make A Million Dollars By Next Friday
Everybody dreams about a million dollar deal. The overnight wealth
type of deal. One simple idea that you gain the vision to follow through
with. These happen every day, but unfortunately it is rarely done by
ordinary people who would benefit from a deal like that. It's usually
made by professionals that know what they are doing.
The mind is an amazing piece of hardware and can deliver all sorts of
amazing answers to the most difficult questions. Just like a computer,
you start with a question you want an answer to, then you feed the
mind the data it needs to formulate a quality and high probability of
success answer.
Many would be happy with a million dollars in a few years even, but
some are ambitious, and consider it a waste of effort for anything
under a million dollars. One way to do a million dollar deal is to use
other peoples equity.
The most likely answer to the question, "how do I make a million
dollars by next Thursday" would look something like this. You would
find an investment object of value. To invest one million dollars before
you actually own one million dollars, you would need to deal in assets
that are worth $5 to $10 million dollars. A residential water front
mansion, a quality business, a small hotel down town, a luxury Yacht,
it doesn't matter what the investment is, because there are other
much more important considerations.
The most important considerations are the numbers. Lets say we
found a seller of a luxury Yacht who was quite urgent about finding a
buyer. The Yacht is a masterpiece of craftsmanship and the asking
price is $12 million dollars. You don't have $12 million dollars, you
don't even have $1200 dollars in your bank account. But that is not
important. If this seller gets his boat sold. If the new buyer you find to
conclude the deal is filthy rich and not price sensitive, but rather utility
sensitive (more on that in a moment) Then it doesn't matter that you
are really poor, I assure you this is but a temporary condition.
Your first step, after inspecting the vessel and taking extensive digital
pictures, is to assess the boats real intrinsic value. If you know
nothing about boats, you may need to become an expert fast.
Because you need to familiarize yourself with all possible features and
understand the market quickly. The point of your research is to put a
real price on the boat. A price you know will sell the boat.
You are after $1 million dollars, so that boat needs to have around 8%
spare excess intrinsic value in it. In other words, you will need to find
that equity somewhere. You can find it from the seller, by offering him
$11 million for the vessel. Or you can get it from the buyer buy
charging $13 million dollars for the boat, or you can do a combination
of both to access that 8% million dollar profit.
Perhaps you can do some research on what the new buyer might
need and supply that to give you the extra you need to profit. For
example, the new buyer might not have even thought about mooring
and maintenance, so you find a good quality marina and establish
pricing for him and present it to him. This simple afternoon of work
might be the tipping point that will seal the deal in the new buyers
mind.
You need to understand the utility of the new buyer, the reasons why
he wants to buy a luxury cruiser and what it would take for him to be
happy with your deal. Then provide it as best you can.
Lets say you find a buyer and have made him satisfied and wants to
go ahead with the purchase. Great. Now what. You don't own the boat
and it is quite illegal to sell something you don't rightfully own. The
only exception to this law, is in the stock market where you can short
sell and "put" shares to people even though you don't own the shares.
But here is the thing. If you gain commitment from that buyer and the
million dollars is in the deal. If you approached a loan officer, I don't
think there would be a bank in the country that would not consider
lending you the required capital for a short period of time because you
have one million dollars in equity and you have the boat. They would
independently value the boat and put your contract up as equity. The
boat and the contract would serve as collateral under their lending
procedures. It all depends on the strength of the commitment you
gained from the buyer. If he signed a contract, that is a one million
dollar piece of paper.
Once you have secured the funds, it is a simple matter of picking the
boat up from the seller and delivering it to the buyer. His check goes
directly to the lending bank, with the left over million deposited into
your account. Im sure the lending bank would take a nice nibble on
your million in the form of interest, but thats ok, their help was worth a
million dollars to you. It takes knowledge and a little finesse. This is
not above anybody.