Post
Topic
Board Economics
Re: You want to become a millionaire,here is the secret formula
by
fiulpro
on 13/08/2020, 17:56:07 UTC

Sell 1 million products at $1 a piece
Sell 100000 products at  $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece

Simple and easy  Grin

Can you guess why it is so hard to make your first million ?

I do not like Jeff Benzos as an individual but I do like a quote that he shared with people.

*When you are making an invention always think how it would change people's life , how would it change their future*

I don't really remember word to word but yes.

_*_

Another one from a rich person was:

*Never invest into something that would loose value in the future*

For example if you invest in a car, you would enjoy it for a while and in the future it would slowly loose its value. But when you actually invest in something like gold/Bitcoins/property then you can enjoy that investment for years to come.

_*_

I do believe what you are saying might be true on the papers but when it come to reality it's really hard to pair up these things like that . There is a difference between the Theory and practical part.