You must have googled at some point of time in your life about how to make a million dollars fast or how to make a million dollars on the internet or how to make a million dollars in 30 days.
World’s economy is booming! Technology is evolving at a pace never before. There are n numbers of companies out there in every possible sector.
What can one do to make a million dollars fast? Start his own business? It has huge risk due to ever-evolving technology. In addition, Artificial Intelligence is scaring the hell out of masses for the risk of job loss or business failure! What should one do in such a case?
You might start a business but there is no guarantee that it would sustain in this ever-evolving world.
You can think of importing at a cheaper price and then re-branding and selling it at a higher price, making profits. How long do you think this would work? There would definitely be a competitor who could offer the same products at a lower price and you would lose!
A different approach to making a million!
Google how to make a million dollars from nothing and you will have about 62,40,000 results. Making a million dollars in a week or ASAP might seem unreal but that’s not totally impossible.
Every now and then you see a brand. Be it while scrolling Facebook feed, Insta feed or while searching on Google. There are thousands of brand out there. You could start a brand of yours too! Go build a brand. Work hard for it day and night. Nothing is impossible. Maybe one day your brand would get fame! No doubt you’ll build a brand and earn money but that would need ‘hard work’.
You just want to make millions. Why work hard?
It just needs you to be smart! Don’t build a brand, use other brands to create wealth instead.
You could think this in this way:
In a city, there was a company which produced latest tech mobile phones. Majority of people were interested in buying it even from other cities. But the company owner was short of some capital. He asked people from the city to invest small amounts and promised to return them according to the profit. Everybody invested 100 bucks. Revenue of the company boomed and everybody got 30 bucks extra for their 100 bucks within a month. That’s 30% profit within a month.
Invest your money in the companies you think will grow substantially. You don’t need to be a business geek to invest. Just see your surrounding and see what people are using.
New ways to make a million dollars real quick
There are basically two ways to get started: one, invest directly and two, invest through Fund Managers. The first one is buying and selling of shares directly using a broker. The second one is the concept of Mutual Funds. If you are a novice, I would recommend you to start investing through Mutual Funds as this has lower risk than investing directly into Stock Market and needs very little knowledge to get started. Even the stock market is not that complicated, thanks to Zerodha.
Meet Mutual Fund
Mutual Funds are basically a fund which comprises of investors'(your) money, which is managed by a professional and experienced fund manager who knows how much, when and at what price should a share be bought or sold in the market. Fund Manager does all this by on your behalf so that you don’t make mistakes or lose your money and time consequently helping you make millions! There are seven common types of Mutual Funds viz. Equity Funds, Debt Funds, Balanced Funds, Money Market Funds, Index Funds, Fixed Income Funds, Speciality Funds and Fund-of-Funds. So there is a lot of variety to choose from.
Mutual Funds. But how?
Equity Mutual funds are the funds which are the secret of creating wealth and making millions consequently you could build a corpus of Rupees 4 crores for your grandchildren if you invest ₹1000 per month for 50 years at the lowest annualized return of 12%. Well, that would be useful for your grandchildren. Don’t worry you can easily make a million dollars fast 🙂
Did you know you could retire with 5 crores if you invest just ₹3700 per month in a mutual fund? That’s the power of compounding.
What is a stock market? Will it help you make a million dollars fast?
A stock market is the aggregation of buyers and sellers of stocks which include securities listed on a public stock exchange as well as those only traded privately. It is also known as equity market or share market. All the transactions are done at stock exchange through brokers. Gone are the days when the process of buying and selling of shares were hectic. Now it can be done in a matter of few clicks and you’ll have your money back along with the profit into your bank account instantly. Zerodha is one most noteworthy discount broker which has an excellent technology for this. I myself use Zerodha to trade. The best part is it offers free equity investments and flat ₹20 per transaction for intraday transactions irrespective of the transaction amount, which is mindblowing. If you compare this with other brokers, you might end up paying several hundred or thousand as brokerage if the transaction amount is large.
Did you know? Hindustan Zinc example.
Hindustan Zinc, in the year 2016, declared special golden jubilee dividend of 1200%, one of the highest by any private company in India. So these kinds of shares can probably help you make a million dollars fast. That’s the power of share market if you remain invested for long term.
In conclusion, short-term investment is the beauty of the stock market. If you invest in share market, you can sell those shares the very next moment. If you want to execute an order faster then make sure to sell it at the market price. We’ll dive deeper. This was just an intro!
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