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Old 04-07-2005, 03:59 PM  
GTS Mark
Vrume Mark
 
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Join Date: Jan 2001
Location: Toronto, Canada
Posts: 20,912
The 1st million is a pain in the ass... It took forever... I believe honestly the secret to success with getting to that mark is to re-invest what you make into other assets. Assets being the key... I know people that re-invest every dime they make back into their businesses but when I see that I think to myself "shit what happens if the market turns and their business dies?"

My recommendation is to spread the money around into various options... Such as real estate (commercial and residential), buying cash flow positive businesses that need very little of your own time to run and also looking for new opportunities around every corner. I am not a big stocks guy because I consider it really like gambling, but then again every investment there is a risk. I prefer to invest in things where I have experience and knowledge in how the business runs...

Anyways just my 2 cents, I hope the next few mil get alot easier to make ;)

DH
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