How do you mean like collectively? I'm particularly speaking about having $1,000,000 disposable at one time. Not earning collectively just over a million dollars before retirement. I'm interested in opening a record label. Matter of fact I've already gotten my business license and have a few artists! Just curious what advise follows someone who has had the mil. Tuckerjonesisreal
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I'm pretty sure it doesn't take a million dollars to start an independent label. Also if people could give 100% sound advice to raise a million dollars of disposable income I'm sure everyone would be doing it.
Not me personally since I'm only 18, but I do know a few people who have made 5 or 10 mill and usually it's just good timing in opening a business and then they invest in properties.
I once worked for a guy who made a TON of money in silver speculation. Underwrote a silver mine speculation, turns out they were sitting on a huge deposit of the stuff, made his money back 20-30 times over, not sure of the dollar amount(didn't ask) but he definitely made 10s of millions on that deal.
Invest in property and or start a business. I'm personally not a millionaire, but there are a few in my family.
I've earned less than half that working 15 years... Why I'm hoping my father hands down his business toe when he retires, but I know he wont, it's fucking easy money.
Well first of all, know what kind of music your label is focused on. It's also kinda crucial to know how to make that kind of music yourself. But what's with the one million bucks? Does it take that much to open a label or something?
Not yet. Most of family has though. One of them got 10 million from a plot of land in Chicago. He has yet to tell me how he got the land though.
i wish I want to die peacefully in my sleep like my grandfather,not screaming in terror like his passengers