Unlimited Income Potential
Before I would even consider any venture, it would have to be completely unbridled in regards to its’ income generating potential. In order to do this in our generation, I had to come up with a method of generating unlimited nearly unprecedented sums of money.
Quick Cash Huge earnings were not enough on their own to satisfy my needs. My finances were out of control and I needed it in the next month. My bills were due so I had no time to spare.
There are many opportunities to receive and generate unlimited income such as real estate. Real estate provides the opportunity for unlimited profits through its’ development, acquisition, appreciation and creative financing techniques, this makes this an extremely attractive field yet lacks in one area.
No matter what anyone tries to say, earning large sums of money through real estate is a long tedious journey. This involves sellers, lenders, escrow companies as well as numerous others who can slow the process. Even after doing a deal, the best scenario simply provides for a small potential equity refinancing in the short term.
To meet the criteria, there must be a six figure cash in the next 60 days if desired.
Low Start Up Cost Anyone can turn a million dollars into two million dollars. Look what someone like Donald Trump was able to do with $40,000,000 of his fathers’ money and all his industry contacts and political clout. What is difficult to do is start with nothing and make a huge sum of money.
One way to do this is to borrow money from a bank or government agency to get started. This may seem like a good idea but if you have ever tried it, you already know that it is a nearly impossible task. Because of this, I ruled this out.
Another way to put a venture together is through venture capitalist. Venture capitalist will put up large sums of money for a lions share of the interest and profits from the venture. This is a sound practice for venture capitalist and one which is advantageous to the recipient thus it is excellent in theory. The problem is in application.
I personally know of several people who set out to get venture capital. A majority of them were never able to find one to get started. Those that did were asked to provide business plans financial projections that require a C.P.A to prepare as well as attorneys to review.
No Training or Educational Requirements There are ways to generate large sums of money quickly and without capital if you have some special training or talent. A great writer can write a book, take it to a publisher and collect a large win fall. The same is true of an artist or musical performer.
In addition to talent, special education can provide the same. Master real estate appraisers can generate enormous profits quick without capital. This is all well and good but it did nothing for me.
What I needed was quite simple. I needed something that could generate income for me considering all my short comings. In order to do this I would need an opportunity which would allow me to capitalize on the knowledge and talents of other individuals. I would need something that would allow me to tap into the resources of others. This was one of the toughest criteria of all to meet.
Quick Start and Quick Stop I wanted to get rich because I did not want to work and be tired down to a job. I wanted to travel when I wanted, relax when I wanted and not be constantly be committed to my work. This turned out to be rather difficult criteria to meet.
Most lucrative ventures required long term commitments. I wanted something that I could do when I wanted and then forget about it when I decided it was time to do so.
On the other hand, I wanted to be able to work immediately whenever I wanted to. To qualify for this criteria the opportunity must be able to be started whenever I desire and ended whenever I desire.
Operate Anywhere All the opportunities always seem to require one to be near large population centers. I wanted to be able to work in Los Angeles or New York but also in a rural setting or in secluded mountains or a tropical island. This would take some doing.
It would preclude me from engaging in any field which required direct contact with the general public. It would also preclude me from engaging in any venture which was indigenous to any particular geographic area. As difficult as it might seem, I wanted to find something that was easy to do on Maui as in Michigan.
To find something that could fulfill this criteria and still meet all of the others, I realized I would need to become involved in something that had international or at least national applications while still being simple enough for a person in my situation to operate.
No Formal Location An office and a staff would require me to have a long term ties both financially as well as geographically. I wanted neither. Also I would be required to have a staff for whom I would be responsible for which would surely complicate things. I would be required to have all types of insurance, be required to file many forms and obtain permits which were all things I wished to avoid. I wanted to run anything I got involved in from my home. This was my final criteria and one which it was imperative I fulfill.
A Plan that Makes the Grade
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