Originally Posted by Adraco

Given that he plows back earnings and don't have to use the to sustain himself, yes, with the right dedication and a willingness to read, learn and try new things it is definitely possible to build a decent fortune. The million dollars might be a bit far fetched but certainly a good bit of the way can be accomplished in five years.

Buy something established, which returns a steady monthly payout. Then go do some minor jobs, like data entering, blog writing or other stuff and try to hustle up another $10 per day. This will give you a bit over $600 (minimum $300 return on the initial purchase and $300 from small jobs) to invest per month.

Now, either buy traffic/advertising and try to sell something/convert people. But it's hard if you've never done it before. Or visit Digital Point, buy some small time Adsense sites or other small investments which earns money passively for you. For $600 a month investment, you should be able to get sites earning a few tens of dollars per month.

Within a year, he then have
the initial, "big mama" earner, minimum $300/month
small job hustlings, $300/month
small Adsense sites, 1st month $30, 2nd month $60, 3rd month $90, 4th month $100, 5th month $120, 6th month $150, 7th month $175, 8th month $200, 9th month $220, 10th month $240, 11th month $245, 12 month $250, all added up that gives =
30+60+90+100+120+150+175+200+220+240+245+250 =
$1880 almost work free return the first year on an investment of 600 x 12 = $7200
The Adsense earnings are set kind of low, but the idea is to work a bit, aquire something which earns money quite independently while you continue to work on other things and thereby only increase your earnings.

Allready in year two, assume the Adsense earnings just stay at the level of month 12, then you have $250 x 12 = $3000
plus the $7200 that you work and have your "big mama" earner putting out for you, so around $10,000 in year two.
Investing those earnings from year two, should give you at least another $100-$200 more per month.

So in year 3, you'd be looking at earnings between $12-$15 000
investing even those, you'd make an extra $2400 per year.

Coming into year 4, you have probably sold off some smaller earners, being able to provide earning over some time gives you around 8-10 months earnings at once. So say you have free cashflows of $20 000 to invest. That might buy you a new grand "big mama" earner putting out around $1000 per month. Put that on top of your $7200 from "big mama earner 1" and small jobs plus some Adsense or other income, and you'll have around $25,000 to invest at the end of the year.

The $25,000 investment buys you something which returns $1500 per month, $18,000 per year. Add to that a small Adsense imperium, which gives us $5000 per year. Our two big mama earners, earns us $1300 a month, $15600 per year. If one still do small jobs at this time, you'd earn a little more, say $5000 per year. All in all, year 5 you earn $45,000.

This is just a quick calculation and I got lazy along the way and didn't adjust for monthly plowbacks of earnings, so that would add some extra thousand dollars per year, plus the investments during the months of year 5.

In year 6, you're looking to be making around $5-6,000 per month free cashflow plus the value of the imperium you now have built up, which should be worth a few hundred thousands. Not quite the million but not bad on some starting $8000 and some small, easy jobs. The key is plowing back earnings and not taking them out to spend it all, but that takes enourmus dicipline which is why most people fail at this.

All in all, the million might not be in reach unless you hit a jackpot somewhere. But with a ten year perspective and a willingness to take on some debt once you get things rolling past the second year it's definitely doable.