Join the Million Dollar Club With 1,000 Dollars by Letting Your Money Work For You

Join the Million Dollar Club With 1,000 Dollars by Letting Your Money Work For You

If the risk is greater than the return, they walk away. But if the risk is minimal and the return is excellent, they most likely will proceed. With the right investment strategy, you can join the Million Dollar Club starting with 1,000 dollars by letting your money work for you.

I was listening to a morning talk show while driving to work and a young man said he was going to take 1,000 dollars and go to Las Vegas and try to double his money. If he doubled his money, he could pay off his car. That would eliminate several more months of making car payments giving him more money to work with each month. If he lost, he would just continue to make those car payments until it was paid off. The station asked its' listeners to call in and offer their advice to the young man. Some said, considering he was only 22, he should go for it. Some suggested he put that 1,000 dollars in an interest bearing account maybe earning about 7% annually. But one person said to find low risk investments to double his money that way.

When I got to my office I took out my calculator and started multiplying the 1,000 by two and that figure by two and repeating this 10 times and got 1,024,000. That's right, over 1 million dollars by doubling that 1,000 dollars every month for 10 months. I bet if that young man knew a way he could double that money with very low risk every month and have over a million dollars in less than a year, he would quickly cancel that Vegas trip. The problem with his strategy is the risk is too great because he stands to lose all of his money. But if he knew how to compound his money, which is what doubling your money week after week and month after month is, he would never lose more than what he invested. He could only gain.

In regards to the velocity of how to compound your money to get this type of return, what you do is search for investments (anything you can purchase) that have intrinsic value. Consider it in this way; if you met someone selling one dollar bills for seventy cents, how many would you buy? All of them right? This is the same concept, buying things that you can resell with a 30% profit margin and in this example for double what you paid for it.

The key to building wealth using this strategy is to reinvest your capital gains back into your business, repeating this process over and over until you are where you want to be financially. The internet allows you to search for deals worldwide. If there is travel involved, you will have all the information you need to make an assessment to determine if it is an investment opportunity that will yield high enough returns that would make it worth your while. Depending on the items or commodities you are looking to purchase, travel will not be required. That's the beauty of the internet; you can conduct your business transactions on-line. Quite often you can find a buyer before you actually purchase the investment object allowing you to hold on to your money and still turn a profit.

Take the first steps and search for deals on-line that hold intrinsic value. Calculate the risk against the return and if you can make a minimum of a 30% capital gain, then go for it! Keep repeating this process and you too can become a member of the Million Dollar Club.

Millions of Corporations offer their products at 75% commission to you, download this free e-book to learn HOW you will begin compounding your capital towards your first Million Dollars with the easy corporate money program http://www.moneymagnetguide.com

Connie Sloane is a writer and researcher of profitable on-line businesses. She enjoys sharing tips and useful information for people who want to make money on the internet.

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