You want to know how to make a million dollars? Let's say you start with $1000 - now follow these instructions: 1: With that $1000 go to a car auction and buy a popular model, one that needs a bit of a clean and polish.
Spend a day doing it up, and sell it on for $2000.
2: With that $2000 do the same again, buying a more expensive car, one that maybe needs a couple of bits replacing, and a good valet.
Do the work, and sell it on for $4000.
3: Use the $4000 to move upmarket, buying a more expensive model and using a bit of money and a day or two to get it to top notch condition - now sell it for $8000.
4: Now you can buy a serious motor, one that you get for a bargain at auction but that others will queue to buy.
You sell it for $8000.
5: $8000 will buy you a very nice set of wheels and, using the auction discount, you can bring it back to first class condition and sell it for $16000.
6: Buy a prestige car, get it valeted and refurbished, give it a professional polish, and put it on the market - for $32000! 7: You know have $32000 and you can either spend it on a really good car, or move into the realms of buying land.
Land is good speculation, and you'll soon find someone willing to pay you $64000 for the right plot.
8: Take advice on real estate - buy a cheap repossession, clean it up and sell it for market value - $128000.
9: $128000 buys you a nice place, one that you get cheap, repaint and clean, and sell it - for $256000! 10: $256000 becomes $512000, and with your next step, you've made a million!