3 ms·
'Its easier to make a million starting from zero than make a million starting with a million' is the essence of what you just said. This is easily the dumbest
by nickthemagicman 10y ago
'Its easier to make a million starting from zero than make a million starting with a million' is the essence of what you just said.
This is easily the dumbest thing Ive ever heard on this site. Seriously.
Can we guild and save this somehow?
- namelezz 10y agoHe may be talking about loaning the first million from bank.
- mljoe 10y agoMaybe, but I would argue it's probably a bit easier to get a $1m loan if you already have $1m in assets to use as leverage.
- timedoctor 10y agoAre you talking from your own experience? I am. I made a million dollars and it wasn't easy but it was actually a lot more difficult to invest $1 million and make more money with it. I personally found it a lot more difficult. I think most people greatly underestimate the difficulty in investing money successfully. If you are talking about the amount of time invested ... yes of course there is a lot less time spent investing. However if you are talking about the probability of success I would argue It's not as high as you would think to take $1 million and turn it into $2 million.
- naturalrecursin 10y agoSo are you arguing that once you make a million, there are factors that will stop you from getting to 2 million? Kind of confused how it could get harder to make more money. Once you are at a million you can leverage that money as well as doing whatever it is you did to make the original money..
- nickthemagicman 10y agoYeah but the point of the post had nothing to do with the difficulty of investing....what are you even going on about?