[timedoctor]

I did not agree at all. In my experience it's much easier to make 1 million then it is to invest 1 million and make another million.

Also there are many startups that require zero investment capital and if you do not have a family and you minimise your expenses you can leave on very very little. If you do have a family it's more difficult but still possible.

[nickthemagicman]

'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?

[timedoctor]

Are 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]

So 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]

Yeah but the point of the post had nothing to do with the difficulty of investing....what are you even going on about?

[namelezz]

He may be talking about loaning the first million from bank.

[mljoe]

Maybe, 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.

[enraged_camel]

>>I did not agree at all. In my experience it's much easier to make 1 million then it is to invest 1 million and make another million.

Really. Let's hear your formula.

Because the stock market returns 7% per year on average after inflation, which means it takes about 10.2 years for $1 million to become $2 million. What's even better is that this happens behind the scenes - you don't have to do any work for it.

So what's your formula for getting from zero to $1 million in 10 years without doing any work?

[timedoctor]

There is no guarantee the stock market will return money in the future. The past does not equal the future and in fact some experts predict that the stock market will return around 3% on average going forward. Also even if the average return was 7% most people have achieved much less than that.

Obviously it's less effort to invest in the stock market so if you're talking about the amount of effort then yes investing is easier

[enraged_camel]

>>There is no guarantee the stock market will return money in the future.

It will always return money as long as it exists. How much it will return is debatable.

>>Obviously it's less effort to invest in the stock market so if you're talking about the amount of effort then yes investing is easier

Uh, you said, "In my experience it's much easier to make 1 million then it is to invest 1 million and make another million."

What is this about, if not effort?

[edoceo]

Lotto!!

[paulcole]

uhhh, then shouldn't you constantly be taking $0 and turning it into $1M?