
#613 - How Would You Spend $1 Million?
The Tai Lopez Show
00:00
How to Make Money With a Million Dollars
One of the best and most important things you can do with a million dollars is invested in a high margin business. For those yhou are beginners, that means for every hundred dollars of revenue from sales to customers, you keep at least 30 % in your pocket. Gross margins on a good business that i'd like to be in need to be over 50%. But i'm just giving you some thresholds. If you can get your net margins after all expenses, cost of goods, marketing, employees, so on and so forth, at 30 pr cent, that's jat'st where to put your money. So where do you find those? Real estate. There's leverage from banks.
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