Just got my first business guys....plan to have my first mil in a year and half...what did you guys spend your first mil on?
Just got my first business guys....plan to have my first mil in a year and half...what did you guys spend your first mil on?
Last edited by B18c1Turboed; 02-15-2009 at 12:42 PM.
Most of them bought a Honda civic.
hahahah dumbasses....i'm def going to buy a Ferrari
well actually it's my second business if you include the parts distribution i do through the mr2 boards.
Mark. This thread belongs right HERE!!!Originally Posted by XLR8NMR2
Later, QD.
Good luck on that, you are starting a parts business at the worst time ever. Talk to most the shops or dealers. I will bet you, you wont make a million in the next 2 year!
Most people jump in it with high hopes, but when reality sets in youll see!!!!!
And their is only a few millionaires on this board, and the 1st thing they did was invest their money. Not spend it on stupid stuff!
if i was a millionaire noone would know it!
Guess you never have to worrry about that......hahahahahaOriginally Posted by JITB
wished i could make a million hell id be happy with that much in 10 years
I do rb20 and rb25 wiring into s13 and s14's 300.00 shipped 24hr turn around turn ket start guaranteed! PM me for more details!
Funny, but fail.Originally Posted by quickdodgeŽ
You niggas know my pyroclastic flow, its R A W!
- Current: E36
X 1000.0000000000!Originally Posted by B18c1Turboed
i doubt with the over head and the constant re investing it takes to run a parts bussiness. even if you make 500.000 in sales you will not have as much profit as you think. With a parts biz you have to have inventory there and on the shelf that day most people when they get paid what to buy that day not wait a few weeks for shipping.
Hella stock member!
This guy knows truth.Originally Posted by B18c1Turboed
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Learning everyday.
i never said it was a parts distribution company....it's actually a well known authorized dealership of metropcs and ATT phones....
I mean with the business, lawsuit, and the house we are going to flip in 2 years i should have atleast half a mil
and it's in one of the richest most wealthiest areas in all of the country.
Take it from me Money isnt everything... People today are so twisted , everyone thinks everything in life is based on money. Yes you can buy nice stuff with it, you think it will make you happier. But it just fills an empty void in your life.Originally Posted by -S Double C-
For example the Billionaire that just blew his brains out, he had more money then any of us ever will. But obviously he still wasnt happy.
Ill give you another example, My family. We inherited about 20 Million divided in 6 of us. All of it is in property. I wish it was cash. But they are so greedy that it has made them evil and i dont even consider them family anymore.
Money makes people evil and greedy!
The housing market in florida is HORRIBLE....you would laugh if i told you what we paid for a 400k house....lol
With this new stimulus plan passing i should be good....
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ehhh good luck, even in this economy anything is tough.
My business has actually been doing pretty well, we did close to $250,000 in sales last year, im already on par to pass that this year, but i have an advantage over the other people in my field.
Making a MILLION is tough, and to be honest, danny is right, investing is where to make the BIG return, especially nowadays
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
Just rember the public is the worst people to do bussiness with!
Hella stock member!
Originally Posted by B18c1Turboed
^Damn I wish I could rep you again. OP listen to this man.
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Learning everyday.
LOL what are you gonna do when that $400,000 house you got for $100,000 is appraised at $125,000 by the US GOVT?Originally Posted by XLR8NMR2
PWNED
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
Originally Posted by XLR8NMR2
Even better, good luck with that. I know someone that has a huge cellphone store off jimmy carter blvd. Took him 6 years to make his 1st million. And selling a house for 500,000 good luck on that also.
I can go buy a 2 million dollar house for 500,000.
250k selling headers and seats? how much profit did you make?Originally Posted by Vteckidd
Hella stock member!
Your damn right about that but if your using it for a good cause then it's not....My mom and dads side of the family are both multi millonaires....my grandmas first house she got she paid like 120k for it in the 50's and sold it for around 800k in 2000 when the market was booming in new york....she took that money and instead of buying another house she bought property and hired a crew of contracters and is now living in a 3 millon dollar estate on the island of haiti so imagine how much it's worth now.Originally Posted by B18c1Turboed
Thats the problem with saying there is money in the Housing market, no one knows the REAL VALUE of the assets. The $400,000 wasnt really WORTH $400k it was an artificial number.
Id be carefull getting into real estate right now with the way the dollar is. It isnt worth shit if you cant sell it
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
Originally Posted by B18c1Turboed
business in florida is ALOT better than atlanta...
and i think florida is def a richer state than georgia.
atlanta = budget ballers
miami = balling out of control ballers
Originally Posted by B18c1Turboed
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Come on man im not gonna say that, but i average 30-40% profit margin.Originally Posted by silversol
Yes i sold over 170 pairs of seats alone last year, at an average of $800-900 a pair, do the math.
I sold close to 300 headers last year
I sold 17 cars last year
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
very true! banks wont lend because know one knows where the "bottom"isOriginally Posted by Vteckidd
Hella stock member!
the market has to get better after this stimulus......the major corporations got fucked over....my mom lost 80% of her 401k she said she almost had a heart attack when she woke up and saw the balance.....The thing about it is the govt new about this shit 3 years prior to it happening and didn't warn us about shit.
So why didnt it get better after the last stimulus?Originally Posted by XLR8NMR2
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
it DID get better for a little bit....Originally Posted by Vteckidd
All i can say is if the small business aren't making money NO one is making money......I think obama will do a good job about stabilizing the economy he won't fix it because this shit is unfixable...but he will do a good job.
btw the porsche is for sale guys 10k cash and it's yours.
phatboy just got it running last weekend actually.....
Your thought processes have always been in question here in the great state of IA, and the below link will add to further that belief"Originally Posted by XLR8NMR2
LINK!!!
Behind that link is a chart, from the US Government, that will show you that Georgia, by a small margin but ahead nonetheless, is a richer state than Florida. Sorry, man. Later, QD.
the stimulus wont fix the economy, itll do little to nothing. Tax cuts in the program will do little for small business or the private sector.
People that get that extra $500-1000 back, wooptee fucking doo da. They will most likely save it and not spend it as they will continue to lose jobs.
BiG 2 are going down in march unless we print more money (think another 400,000 jobs right there lost)
Retail sales are still down
Gas Prices are starting to inch back up
Housing is still a mess and the main problem is people in a home they cant afford.
BAD BAD BAD
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
i also have a couple of pistols, phones, and a 2001 bmw 545i for sale with 70k miles....heres a shot...
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fla = alabama with a beach!Originally Posted by XLR8NMR2
Hella stock member!
thats just earning...i am talking about add everything up together like real estate, highways, roadways, venues, public attractionsOriginally Posted by quickdodgeŽ
shit your telling me georgia is richer? we don't have disney world.
Hahaha Florida doing better that ATL. I'm in the flooring business and there are alot of flooring store going OUT of business because no one is building or remolding. This stimulus is the biggest joke in history...... Its more of a slap in the face to Americans.
One Big Ass Mistake America