Invest $5 Dollars - The First Step to Your First Million
Lets say you only had $5 and the shirt on your back.
Lets say you were dropped into some town or city and your mission was to survive and make your first million with only that $5 bill.
What would be the first thing you did? Relying on your instincts, could you spend that precious $5 bill wisely and make it grow AND also survive? In this scenario lets be kind and say, you are in a warm region and the first few nights you can sleep on the beach because its a tropical climate.
That only leaves food and activities that will grow your $5 The first thing you do...
the absolute first priority is to find a market and establish their needs.
With only $5 in your pocket, you really don't have much of an alternative but to apply it to some simple service.
Anything can be a market.
Where ever there is a concentration of people walking around with money in their pockets can be (for our current purpose) classified as a market.
A shopping mall, or even the car park.
A busy street, even the board walk on the beach, where ever their are people there is a potential to provide them with something they may want and therefore make a profit.
Let's say you found some old crates and salvaged them as your new office furniture.
You set them down on the boardwalk and borrowed a black marker from a local shop keeper and found some white cardboard you neatly tore into a square.
Your sign says...
"5 minute shoulder massage $3 dollars" You spruke passers by and encourage them to sit for a soothing shoulder massage.
You do that all day and find you made $120 plus your original $5 which you spent on lunch.
You continue for a week until you have $1000 saved, then you go out and buy an investment object.
A TV or cheap car.
This is the ultimate rags to riches story.
No matter how bad things are, you can always find the initiative to go out and get that money.
Lets say you were dropped into some town or city and your mission was to survive and make your first million with only that $5 bill.
What would be the first thing you did? Relying on your instincts, could you spend that precious $5 bill wisely and make it grow AND also survive? In this scenario lets be kind and say, you are in a warm region and the first few nights you can sleep on the beach because its a tropical climate.
That only leaves food and activities that will grow your $5 The first thing you do...
the absolute first priority is to find a market and establish their needs.
With only $5 in your pocket, you really don't have much of an alternative but to apply it to some simple service.
Anything can be a market.
Where ever there is a concentration of people walking around with money in their pockets can be (for our current purpose) classified as a market.
A shopping mall, or even the car park.
A busy street, even the board walk on the beach, where ever their are people there is a potential to provide them with something they may want and therefore make a profit.
Let's say you found some old crates and salvaged them as your new office furniture.
You set them down on the boardwalk and borrowed a black marker from a local shop keeper and found some white cardboard you neatly tore into a square.
Your sign says...
"5 minute shoulder massage $3 dollars" You spruke passers by and encourage them to sit for a soothing shoulder massage.
You do that all day and find you made $120 plus your original $5 which you spent on lunch.
You continue for a week until you have $1000 saved, then you go out and buy an investment object.
A TV or cheap car.
This is the ultimate rags to riches story.
No matter how bad things are, you can always find the initiative to go out and get that money.