Google Answers Logo
View Question
 
Q: Wealth creation ( No Answer,   3 Comments )
Question  
Subject: Wealth creation
Category: Business and Money
Asked by: jeanmanga-ga
List Price: $15.00
Posted: 06 Feb 2003 14:34 PST
Expires: 08 Mar 2003 14:34 PST
Question ID: 158204
I earn a six figure income.I intend to achieve 5 to 10 millions
dollars network in the next 6 to 10 years. Where do I get coaching,
advice and mentors to help me me achieve that goal?  I am not
interested in stupid get rich quick "homebusinesses" I would like some
coaching service or firm that provide together or separetely stock
market investing, real estate investing or business start up. It has
to be someone or a company with a track record of success...

Clarification of Question by jeanmanga-ga on 06 Feb 2003 20:54 PST
Yes I mean net worth.I have about 100 000 $ now and can save between
100 000 and 150 000  a year.How can I spread that money into different
investments vehicles to reach my goal?

Request for Question Clarification by knowledge_seeker-ga on 07 Feb 2003 05:41 PST
Am I correct in understanding that you are NOT looking for investment
or financial advice from a Researcher, but are looking for the names
of indivduals or firms that can sit down with you and help you map out
your financial future?

If this is true, it would be helpful to know where you are located so
that we can find someone in your area.

If this is not what you are looking for, perhaps you can clarify
exactly what you would like a researcher to provide for you.

Thanks - K~

Clarification of Question by jeanmanga-ga on 07 Feb 2003 08:32 PST
Yes,that is what I want:names of people and or firms that can help me
.I live in Houston Texas but any ressource worth its salt will be
welcome. Thanks a million.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Wealth creation
From: martinjay-ga on 06 Feb 2003 16:12 PST
 
Was not sure what 'acheive......network' meant.  
I would search my 'friends, relatives and colleagues'
first to see if they have any ideas.  Depending on
what you have now, you should start interviewing
investment banks high net worth partners just to
give them a chance to show their stuff.  A good
financial planner can draw on the best resources
across his firm to discuss real estate, the market
and private equity investing (this is start-ups).  My
other question would be, are you expecting your 
present job to provide the money or looking at how
to leverage a 6 figure income to invest to provide it?
These are two very different situations, but with a
solid income and potential, the people I mentioned
above will come to you.  Just need to start.  I'd go
right to the top Investment Banks (in prestige) and
work my way down till I got a good fit.  Also, beware
of some of the less honest people in this field.

Good luck.  I won't list company names, but maybe
the researcher will.
Subject: Re: Wealth creation
From: respree-ga on 06 Feb 2003 20:28 PST
 
I think you mean "net worth."

Do you have a plan for achieving this goal or are you asking the
researcher to give you a plan?  How much do you have right now?

You'll need to supplement your income by other means.  Assuming you
have nothing right now, saved on the average $100,000, made a very
generous 20% on your accumulated wealth on the average for 10 years
and paid no taxes (all fairly generous assumptions), you'd still fall
short of your goal at $3.1 million at the end of 10 years.

You'll need to give more information if you want a decent answer.
Subject: Re: Wealth creation
From: respree-ga on 06 Feb 2003 20:29 PST
 
Sorry, I mean to say in my previous comment "saved $100,000 per year for 10 years"

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy