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James Heal
James Heal, Financial Advisor
Category: Finance
Satisfied Customers: 498
Experience:  15 years expertise in all ares of personal finance, including credit cards, mortgages, real estate.
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How do I turn $100,000 into $1,000,000

Customer Question

How do I turn $100,000 into $1,000,000
Submitted: 7 years ago.
Category: Finance
Expert:  James Heal replied 7 years ago.

Thanks for the question.




There are three ways to turn the $100,000 into $1m.


1. Invest in real estate. Learn how to flip houses. Rehab foreclosed houses and then sell them for a profit.


2. Stock market. Learn how to invest and know the stocks on a say to day basis. If you know what you're doing, you can make a good deal of money, but also lose it all. It's very risky.


3. Start your own business. Do what you do best. You're money will grow quickly after year 2 if you have a profitable business and are good at what you do. Start a business related to something you've done in the past and that you're good at.



James Heal and other Finance Specialists are ready to help you
Customer: replied 7 years ago.
While his answer is probably fairly accurate it is also extremely light on details.