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Recent content by imirza

  1. imirza

    Who here is actually a millionaire?

    LANDFILL 
    10% of households in the US have a networth of over a million dollars. There are over 100,000 people in the US that earn over a million dollars a year There are over 20,000 people in the US that earn over $25 million a year There are 40,000 households that have a networth in excess of $50...
  2. imirza

    Bringing my first Android app to market - The process

    WEB/DIGITAL 
    Jake - How much did you pay the elance developer to create the app. ? I've been quoted $10-15k for iphone apps in the past which seems a little pricey. $2-3k I can pay. I figure throw 5-10 apps out there and see what works.
  3. imirza

    $3,000 to $1,000,000 in 15 months: HOW TO DO IT

    IDEA 
    Bought product for under $50 sold it for under $100. I did have more than $1000. I bought $1000 of product initially and doubled it. Then I bought $3-4k of product 2nd time around and doubled that. The challenge is about turning $3,000 to $1 million. I did cheat and buy $10k or so of product the...
  4. imirza

    $3,000 to $1,000,000 in 15 months: HOW TO DO IT

    IDEA 
    I didn't do it at least not in 15 months but I came close. Here is what I did - Found a new product/line of product that was very popular and growing rapidly. - Found manufacturer in China - Spent $1000 to purchase some product and listed it on craigslist with link to my paypal acct. Also...
  5. imirza

    HUGE Fastlane biz opportunity . . .

    HOT! 
    Political campaign internet spending.
  6. imirza

    real estate fastlane?

    REAL ESTATE 
    Point taken. So how many years of training and experience will that guy need before he can start a business that will send him into the fast lane in 1 yr or less ? 5 yrs ? 10 yrs ? There is a saying that behind every overnight success is 10 yrs of hard work. Likewise it would take 5 yrs or more...
  7. imirza

    real estate fastlane?

    REAL ESTATE 
    If I have no experience or knowledge and decide tomorrow to start my own business, whats the probability I can be out the rat race and in the fastlane in 1 yr or less ? 1 in 10,000 , 1 in 100,000 ? 1 in 1 million ? Not very high. Not saying it can't be done but the probability is very very low...
  8. imirza

    real estate fastlane?

    REAL ESTATE 
    No shit. If you walked up to Goldman and tried to get an interview you would stand no chance. On the other hand if you followed a well thought out plan things would be different. Getting a job at Goldman and working up the ladder to a position that allows you to make millions also requires...
  9. imirza

    real estate fastlane?

    REAL ESTATE 
    I wasn't talking about any job , I was talking about wall street. Goldman Sachs has 30,000 employees and around 10% of them make $1 million or more per year. That's 1 in 10. Statistics are similar in other wall street firms and hedge funds. Seems to me on Wall Street, you have a 1 in 10 shot of...
  10. imirza

    real estate fastlane?

    REAL ESTATE 
    Right 9 out of 10 people won't make that kind of money on wallstreet. Like wise 9 out of 10 people will fail at business. Same odds. Not a crap shoot if you do your DD. Most successful tech companies are founded or funded by guys who have already enjoyed success with other big companies. So...
  11. imirza

    real estate fastlane?

    REAL ESTATE 
    Snowbank - I was referring to wall street types - i- bankers, hedge fund guys, traders etc. Lots of these guys amass so much money in so short a period of time they can retire in their 20s and 30s and a lot do. Its a tough life but hey 5- 10 yrs of slavery and you are set for life. Getting a...
  12. imirza

    Where did the MONEY GO......where?

    HOT! 
    The stock market(equities) is NOT a zero sum game. Russ is correct. The option market and future markets however are zero sum games since they are always parties on the other side. Russ - Short positions are usually no more than 10-15% of total shares outstanding. And even this is a pretty...
  13. imirza

    real estate fastlane?

    REAL ESTATE 
    Its funny how if this question ' Is real estate fastlane ?' had come up 5 years back, 9 out of 10 people would have agreed. Now its almost the opposite. I think whether something is fastlane or not doesn't depend on the industry or specific niche but rather the person. I would argue that even...
  14. imirza

    Motivational Videos

    HOT! MINDSET 
    YouTube - Be Great, Powerful Beyond Measure (Best Inspirational Video Ever)[The Original]
  15. imirza

    Millions of adjustable mortgages face reset

    INVESTING 
    Actually the reset will help a lot of home owners. People assume that ARM resetting will mean higher payments. Most of these ARMS are tied to Libor Libor is currently at 1.24%. Most people have rates that will adjust to Libor + 2.5%. Libor used to be between 3-5% a few years back. So lots of...
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