How would you turn $500,000 into 5 million in 5 years?
A serious question indeed!
We all watch videos, read books, and attend seminars.. Right? We love it in fact! You could probably answer that question rather quickly without much thought (especially if you are a seasoned pro).. but I would like you to really give it some serious thought..and work the numbers. Is it possible?
I will add a scenario to help you decide..
Your great great uncle dies and leaves you $750,000. His only stipulation is that you use $500,000 of it to invest in real estate and gives you a timeline of 5 years to turn it into 5 million or you will lose the money and it goes to your cousin, Joe. You jump for joy, quit your job and begin... so how would you turn $500,000 into 5 million? Doable?
If you truly can figure this out for yourself...you will then be able to take any amount of money and turn it into pot of gold(for yourself). What is your plan!?
Most Popular Reply
@Monique ODell. First thing I’d do is call my cousin Joe and split the money with him, instead of losing it all in 5 years, because that’s what would happen 99.99 percent of the time in this situation