Well, I am still dedicated to making my first million dollars, and I have come up with some brilliant ideas that could potentially make money, however, since I am in the Army and I am in Korea, my time is very limited. I am dedicating more time into education and I have almost finished my bachelors degree (I will have that before I leave Korea.)
I did sell all my mutual funds and I paid off my credit card, so now my savings is at zero, but the good news is that I don’t have anymore credit card debt. This means that I don’t have to worry about that as a bill anymore and I can now start saving that money in other places. I still have $1,000 to work with and I am going to invest it tomorrow in stocks.
I talked with someone the other day and we have decided that we want to start a hotel together. The inital costs are $100,000 then after that the cost will be $500,000, however, the income that we could generate from a well placed hotel will bring great benefits. Could this be the way that I will make my first million? I don’t know but it is a goal that I will have and I will be writing about it each step of the way. I am hoping that in 5 years I’ll have the $100,000 to buy the land. Yes, that is a long way off, but I am in the Army so I am in no rush.
Buying a hotel is only one of my long term goal, and I will post the other ones later as I plan short term goals to make them more plausible.
[...] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerptI talked with someone the other day and we have decided that we want to start a hotel together. The inital costs are $100000 then after that the cost will be $500000, however, the income that we could generate from a well placed hotel … [...]