Do you want to become a millionaire overnight with no effort? If you answered yes, here are 10 surefire ways to make a million dollars online in a year. If you asked people if they wanted to make a million dollars legally in a year, you would get a resounding yes from everyone.
Nonetheless, the challenge that may be encountered in this quest is that it is one thing to want to earn a million US dollars in a year, and it is an entirely different kettle of fish to know how to do so.
There are numerous people who have legally made a million dollars or more in a year by investing in various business portfolios and through other legal means. One thing these people have in common is that they are always willing to take the necessary risk in business transactions.
The truth is that unless you are willing to take calculated risks, you are unlikely to make a million dollars in a year unless you inherit it from a family member. The fact that people make at least a million US dollars from scratch in a year does not imply that it is easy; you would need to be equipped with the necessary skill sets, as well as technical training in some cases.
You will not only make a million dollars from scratch, but you will also be able to re-invest and earn a steady income from your investment. Here are 10 practical ways for an aspiring entrepreneur or investor to make a million dollars in one year.
1.Trading in Foreign Exchange (FOREX)
Although forex trading is extremely risky, it is one of the simplest ways to make a million dollars in one year from scratch. The truth is that if you can learn how to trade forex effectively, perhaps through dummy trading platforms, you can start trading with little money and build it up to a million US dollars in less than a year if you are careful and tactical in your trading approach. So, if you want to legally make a million dollars in a year, learning how to trade forex is one of your best options.
2.Investing in the Petroleum Industry
Investing in the oil industry is another practical way for a serious minded aspiring entrepreneur or investor to legally make a million US dollars in a year. There are numerous investment opportunities available to an investor looking to make a million dollars in the oil industry.
All you need to do is talk to business consultants in the oil industry who will gladly give you the various investment options available to you based on your start-up capital, as long as you are willing to take the risks that come with it and can also pay them their business fee et cetera. When it comes to investing in the oil industry, one of your options is to sell crude oil.
3.Purchase stocks and bonds.
Of course, you should be aware that a novice investor can earn a million dollars in one year by investing in stocks and bonds. All you need to do to reach your goal is gather enough start-up capital (investment capital) and then work with a professional stock broker who has successful experience selecting stocks that can perform well in the stock market.
The truth is that you can earn more than a million dollars if you invest in the right stocks and bonds at the right time when the market forces are all in your favor.
4.Purchase Gold
Another practical way for a budding entrepreneur to legally make a million dollars in a year is to invest in gold. Gold has been one of the few investments that has never crashed in the market. If you are lucky enough to invest in gold at the right time when the market value of gold suddenly experiences a positive surge, you will most likely make a million US dollars in one year if you are smart enough to invest with the appropriate capital.
5.Purchase Silver
Investing in silver, like gold, is another practical way for an aspiring entrepreneur to legally make a million US dollars in one year from scratch. This is because silver occasionally experiences positive growth. All you have to do is know when to invest in silver and how much to invest, and if your calculations are correct, you should be able to make a million dollars in one year by investing in silver.
6.Participate in the Lottery
As strange as it sounds, playing the lottery is one of the practical ways to make a million dollars in one year from scratch. Although you may not be able to predict when you will win your first million US dollars from playing the lottery, the truth is that if you are lucky enough, you will most likely win more than a million US dollars in a single year. Aside from people who became millionaires overnight, there are also lottery winners.
7.Purchase a Mutual Fund
Investing in mutual funds is one of the most practical ways to legally make a million dollars in one year. Mutual funds are a collection of cash generated by various private investors who share the same goal, interest, and investment philosophy. They invest in stocks, bonds, assets, other securities, and money market instruments. Purchase a Mutual Fund
A professional fund manager manages the fund on behalf of the investors. The benefit of mutual funds is that investors can choose to sell their shares directly to the public, just like any other company listed on the stock exchange. If you’re lucky enough to get it right with mutual funds, you could make more than a million dollars in a year.
8.Hedge Fund Investing
Another viable option for legally making a million dollars in one year is to invest in a hedge fund. Hedge funds are regulated investment funds (with a much broader range of investment and trading activities) that are typically open to a limited number of investors who pay a performance fee to the fund’s investment manager, who invests in the funds and generates returns.
If you own a hedge fund, one of the simplest ways to make money is to help your clients make more money. The income you earn is determined by your performance, which is why most hedge fund managers use a variety of investment strategies to generate positive returns for their clients. In other words, the performance fee is the distinguishing feature of a hedge fund.
9.Real Estate Investing
If you want to make a million dollars in a year from scratch, one of your options is to invest in real estate. For example, you can buy a landed property or a facility in January and sell it within the same year to make a cool million US dollars with little or no stress. This is one of the most certain ways to make a million dollars in a year, especially if the value of the landed property or facility is high.
10.Start a Diesel Supply Company
Another practical way for an aspiring entrepreneur to legally make a million dollars in one year is to start a diesel supply business. The truth is that if you want to earn a million dollars from diesel supply, you must be willing to work hard and smart.
This is because there are other sources of diesel, and because you are just starting out, you must do everything possible to secure loads of contracts. If you stay consistent with this type of business, you will make a million dollars in 12 months.
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