Are you sure you want to be rich? I mean really rich? Like the kind of rich where you have so much cash flow coming in you don’t even know what do with all this money – except for swim in it. Being a millionaire would definitely be great. Think about all the great things you could do with your millions in cash flow.
For starters, if you had a just a million dollars to blow and you were also a huge fan of the Wendy’s Frosty, then why not head down to you local Wendys and get your Frosty on. Of course, if you are planning on blowing your whole million on a the worlds largest order of Frostys then you might want to phone it in just in case they need little lead time to whip out your million Frostys. Now a disciplined millionairewould never imagine blowing their cash flow in this manner, but who said anything about discipline?
Suppose you just won $350 million dollars in the greatest lottery game on Earth. You got it, the Powerball. After deciding to take the money as a monthly cash flow payment, you end up with a paltry check worth $234,842 each month for the next 30 years. Because you are a huge music fan and have fallen in love with new Apple Ipod Nano you make it your goal to buy everyone in the United States a new Nano. All right genius millionaire, are you going to have enough? That is some serious cash flowyou are bringing in but just how many Ipod Nano’s could you purchase each month? Assuming you go with the 1GB Nano, priced at $150, each month you could buy 1,565 people a brand new Nano each month. Using your millionaire calculator, you could extrapolate that monthly purchase out over 30 years and ultimately buy 563,400 Americans an Ipod Nano. Well, you made a nice dent, but even dropping all your cash flow on the Nanos will make only a small dent in buying every American some Ipod goodness.
But what if you were Bill Gates rich? What would your time be worth? Think about it in the light Brad Templeton first shed upon that very subject:
Consider that he made this money in the 25 years or so since Microsoft was founded in 1975. If you presume that he has worked 14 hours a day on every business day of the year since then, that means he's been making money at a staggering million dollars per hour, around $300 per second.
Consider that he made this money in the 25 years or so since Microsoft was founded in 1975. If you presume that he has worked 14 hours a day on every business day of the year since then, that means he's been making money at a staggering million dollars per hour, around $300 per second.
We're assuming about 4 seconds to bend down and pocket the bill. Of course he can afford to hire people to follow him and pick up any $1000 bills he may drop.
Oh to be filthy rich. Living as a millionaire or billionaire would be a nice problem to have. Given the sudden increase in leisure time one might enjoy after winning the jackpot, you would have plenty of time to figure out way to spend that huge cash flow of money you now have pouring in.
The One Great Way to Make Money
Is there one great way to make money? The simple answer is no. In fact there are a variety of great ways to make money. Just ask Robert Allen or Mark Victor Hansen, two of America’s foremost experts on creating wealth. A few of the great ways to make money include investment (be it in real estate, mutual funds, stocks etc.), entrepreneurial ventures, or via rapid corporate promotions. Each path to wealth offers its own unique advantages, but if you are looking for the one great way to make money that anybody can follow then you have come to the right place.
Management Fundamentals
For beginning business students learning the business terminology will go a long way in ensuring you perform well in your classes. Not all families have a strong business pedigree and many of us must learn the business basics the old fashioned way – on our own. If you don’t know what management is or what the financial reporting process entails, then this is a great place to start. To jump start your busing understanding here is a brief overview of some fundamental business terms.
Online Business Intelligence Helps Get the Job Done
Welcome to the information age. In today’s world, harnessing the power of the internet can lead you to almost any information you might seek. The World Wide Web is literally revolutionizing the convenience in deliverability and accessibility of information offered to those connected online. The power of the internet facilitates the dissemination of online business intelligence to all those with access to the internet. There are a variety of different vehicles in which online business intelligence can be distributed.
