Comments on: How much interest do you earn on one million dollars?

By: Tim

Tim — Fri, 05 Aug 2011 18:28:18 +0000

The best place to put your 1 million dollars is in Tehran, Iran. The banks will give you a huge amount of interest per month and year. There are three options for you to choose: first option is to put your money in the bank for 6 months, second option for a year, and third option for five years. The best option is one year because it is a short amount of time with a good interest. the bank gives you 15% interest. This means if you put your money in the bank for a (year) you will be getting 15 thousand dollars per month. This is one way that Persians bring out there money from their country and invest their money in other countries such as Canada. Furthermore, you will earn 180,000 per year and in around 5-6 years you will be getting another million dollars but they don’t wait for than long they invest the money they get from the interest and spend it on for example franchise (subway). All I’m trying to say is that Persians, people from Iran have a lot of opportunities: such as bank interest, houses, land etc. For example if you buy a house for $ 800,000 which is the worst house in Tehran, after 2 years your house will cost around $ 900,000. This is exactly another business. Buying houses and then selling them every 2 years. Thank you.

By: Mr. Gonzalez

Mr. Gonzalez — Mon, 04 Apr 2011 13:24:04 +0000

Gabriel:
#1: Yes you do earn interest, about a penny or less for every dollar in some cases which is absurd.

#2: You could have $100,000 USD in the year 1990 which could buy you a LOT of pretty things. Now If you kept those $100,000 by the year 2015 it will buy you half of what you could buy back in 1990. I cant explain it in a simpler way.

#3: Inflation is the cause of the answer above.

#4: 200 dollars will generate money, if you want it to double then you should wait approximately 100 years which would probably not be worth much by then.

Hope this helps!

By: gabriel

gabriel — Fri, 01 Apr 2011 18:34:36 +0000

i have a question about interest in a bank.#1.if you place money in a savings account and it gets interest,do you earn any money made from interest?

#2.how does inflation affect interest on money in a bank?

#3.what exactly is inflation?

#4.if you put 200 dollars in a savings account does it double over time from interest,and if so how long?

By: Adrian

Adrian — Thu, 21 Oct 2010 22:47:22 +0000

Inflation and taxes are like death and the police (when you break the law): unavoidable!

By: nate

nate — Thu, 21 Oct 2010 15:28:17 +0000

Does inflation affect money invested into cds? If not then you could invest your million into a cd or many, wait a few years and you should get a pretty good turn out right? Say you did put your million into a bank and had decided to use the intrest made off of it, would that interest get taked like your income does? or would you be able to see all of it? Im new to most of this kind of stuff but I find it quite interesting and its begining to give me some ideas. feel free to e-mail me any info would be nice.

By: Mr. Gonzalez

Mr. Gonzalez — Fri, 08 Oct 2010 02:25:54 +0000

The only way i know how to earn interest on 1 million dollars is… DONT KEEP IT IN THE BANK! You will lose it over time, I invest in franchises, anything over 500,000 usd on franchises will generate more than it will do in any bank, trust me i have done this all my life and i am now 58! The money i have made i reinvest, from what i’ve generated I have a couple mil just sitting there and i am looking to reinvest it on more because if i stop i WILL lose it over time. This is the only true way you are able to keep your money and beat inflation.

By: Adrian

Adrian — Fri, 08 Jan 2010 11:01:53 +0000

@ Queen – I mean that you purchase the RE yourself; an indirect investment in real-estate (by way of contrast) might be to purchase a unit in a REIT. This post might shed some light on the other part of your question:

http://7million7years.com/2008/08/18/is-real-estate-management-time-consuming/

By: queen air mattress

queen air mattress — Fri, 08 Jan 2010 04:02:13 +0000

OK, define “direct investments in real estate”

I’m especially interestd in how you handle the day-to-day management of your real estate investments.

And what that costs you in terms of time & money.

By: Adrian

Adrian — Wed, 19 Aug 2009 13:00:28 +0000

@ JJ – Pretty well, if you bought them when they were undervalued and still holding today

By: JJ

JJ — Tue, 28 Jul 2009 19:05:06 +0000

Hopw are thoese bank stocks working out for ya?