Teddy Bears

Mark Monthly

Making a Million Dollars in Six Months

Do you want to now how to wind up with a million dollars in six months? Start with two million and invest it in the stock market.

Although there are some people that start with nothing and earn a million dollars in six months, the odds of that happening are extremely remote. You would be better served by working hard in your own business toward a goal. If you write, like I do, you might try writing Ebooks. These are popular digital books that are routinely sold and downloaded on the Internet.

If you've written an Ebook, what do you do next? This question haunts many an Ebook writer. But, it is not as overwhelming as you may think. You can ensure your financial future by following the one basic step below. This one technique could put you well on your way toward that million-dollar mark, but probably not in six months.

What is that all-important factor? Let me first ask you what you are doing with the initial profits from your first Ebook? If you are like most people you’ll take that first $100 and use it to celebrate. Most people go out for dinner, perhaps have a few drinks, or maybe take in a movie to celebrate their success. This is the absolute worst thing you can do.

You should be reinvesting those profits. Upgrade your hosting service, buy a (or another) domain name, purchase advertising for your Ebook, or increase the size of your list. By reinvesting the profits into your business, you will be setting the stage to make more money next month.

Basically, if you are making $100 or less each month, you should be reinvesting the entire amount. The reason you are only making $100 per month is because there are some deficiencies in your business. Look for areas that need improvement and fix them. If you using articles to promote your business and you are writing less than one article a day, pay a ghostwriter. If you have less then several thousand subscribers in your list, make improvements there. It will dramatically increase your income in the future.

If you are making $1,000 each month, reinvest one quarter to one half of your profits. By doing this, you can expect to double your monthly income in a relatively short time.

No matter how successful you become, you should continually reinvest a portion of your profits back into the business. That way, you will be setting the stage to make an ever-increasing income. Or, if you prefer, you can maintain a stable income and work less hours. Either way, it is always in Your Best interests to reinvest a portion of the profits.

And, if you've done everything right, you could be on that road to riches beyond your wildest dreams. I’m not saying that you will earn a million dollars in six months, but, maybe you’ll do it in eight months (wink).

About the Author

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How will my credit be negatively affected if I use Non-Profit Cons Credit Counseling to help me with 1 Bill?

Until losing my job I never was late on bills but 1 company (Home Depot) will not work with me on their Extremely High monthly finance charges & extremely High Interest Rates. With the help of the non-profit Cons Credit Counseling Service I will pay it off sooner so in effect won't that balance out any negative marks that going through them may cause?

You may want to enter into a non profit debt management plan like Consumer Credit Counseling Services (CCCS). They can negotiate reduced interest and payments. They will require you to stop using all credit and to cut up your cards. Your credit report will be updated to "enrolled in debt management." This does not damage your credit, but it may make it difficult to obtain new credit while you are enrolled in their program....so don't use this service if you anticipate applying for a new apartment, car loan or mortgage anytime soon, as you would might be denied while you're enrolled in the CCCS debt management program...You can get a referral at: http://www.nfcc.org

Texas Monthly Talks MARK HALPERIN