What Kind of Home Will a Million Dollars Get You?

Ah, to be a millionaire. It’s been almost every kid’s dream – how many little boys (and maybe even little girls!) haven’t fantasized about being not just Batman, but his alter ego, Bruce Wayne, the filthy rich bachelor who could so easily afford all those cool “bat toys”? Fantasies of being a movie star meant not only being famous, but being rich as well.

Even television programming acknowledges most people’s dreams of being rich, as a recent game show gave itself the title, “Who Wants to be a Millionaire?”

For decades, it was thought that being a millionaire meant the end of all troubles – you could go where you want, do what you want, buy what you want. But is that really the case anymore? With rising salaries and inflation, will a million dollars really get you anything and everything you want?

Obviously the answer is no, and nowhere is this more demonstrated than the U.S. real estate market. A million-dollar home was once an opulent mansion, or a spacious apartment with a spectacular view of a city below. At the very least, a million dollars would buy you a parcel of land that you could build that dream home on.

Today, that’s obviously not quite the case. In many areas of the country, a million dollars won’t buy you much of anything. A million dollars will get you a modest two-bedroom condo in Manhattan, without a lot of charm or added amenities. In many places in California, a million will buy a simple 2,000 square foot home that’s also very modest in amenities and updates. The same goes for areas such as Aspen, Colorado, The Hamptons on Long Island, and of course many beachfront cities in Florida. A million dollars is considered a median or even fairly modest price for a residence.

In some areas, such as in Connecticut and other New England states, homes valued at a million dollars are actually being demolished or razed to make way for new construction, since that million dollar price tag just isn’t as remarkable as it once was.

But to many people, a million dollars is still a lot of money, especially when you’re financing a home for that much. From 1999 to 2004, U.S. home prices increased by a whopping 48%, according to the U.S. Office of Federal Housing Enterprise Oversight. In states such as California (up nearly 100%), New York (an increase of about 68%) and even Maine (63%), costs have risen even more dramatically. Buyers wonder just what that price tag includes.

So really, what will a million dollars buy you when it comes to a private residence in the U.S.?

Location is still the key.

In real estate, the old adage, “Location, location, location” still has not changed. Prices of homes always seem to follow businesses and industries, as demand for homes of course spike up the price of existing structures and surrounding land on which to build. And when you’re dealing with a small bit of land that must accommodate a large populace, such as on the island of Manhattan, then of course the huge demand sharply increases the price.

The median sales price of a two bedroom coop in Manhattan hit $1,272,000 in 2006, triple what it cost in 1997, according to data from Prudential Realty. “In the past, the million dollar home was the last one you bought in Manhattan, you raised your family in it,” says Palumbo Taubner of Prudential. “Now it’s a stepping stone.”

Other real estate agents and brokers agree. “A million dollars, these days that’s a two-bedroom,” says Richard Hamilton, a real estate agent at Halstead. “There are one-bedrooms going for that much. And the days of studios under $400,000 are rapidly disappearing.”

Million dollar homes account for about 2% of the residential realty market, and the biggest concentration of them is not in New York, but the other side of the country – California. In this state, over 4% of homes – that’s 1 out of ever 25 – is valued at over $1 million. San Jose tops the list with a median home price in 2006 at over $760,000. San Francisco, Santa Ana and Anaheim were all very close behind, with median home prices in the $750,000 range.

Obviously beachfront and vacation property areas will always be more expensive than the average home, as these are favorite hotspots for celebrities, politicians, captains of industry, and the like. Aspen, Colorado, and Palm Beach, Florida, will probably always see property values well into the millions because of the property and surrounding area itself.

Amenities also figure in.

But it’s not just location that affects the price of homes, and especially of new homes. Buyers are spending more time at home and want all the amenities and luxuries that they can afford.

Luxury homebuilder Toll Brothers recorded 1,094 contracts for million-dollar homes in 2006, which was 18% of the total. In 2001, that category was at 152 homes, or 4%. So the price may be higher, but the product is better.

Speaking of Toll Brothers, their homes are not only luxurious on the inside – most include marble floors, great rooms, sunrooms, on-site fitness centers for apartments, and too many amenities to list here – they also offer a “community,” meaning most are built around a golf course, or in certain desirable neighborhoods, such as Long Island. Memberships into these clubs or social communities is typically included with the purchase price of a home – not a standard feature with a home that’s priced much less.

Many million-dollar homes also come standard with security features such as touch-screen controls and built-in alarms and monitoring systems, entertainment rooms and hardwired audio systems, and their own internet and broadband access built into its construction.

Obviously the list of amenities that are available for those willing to spend over a million dollars is endless. But the bottom line is that while a million may not get you what it once did, most buyers find that they can purchase whatever it is they dream of for their luxury home – if they’re willing to pay for it.

Do You Need Your Own Home Based Information Products Marketing Business?

Do you really need your own Home Based Information Products Marketing Business?

Hey, if you are among the super rich like Bill Gates or Warren Buffet, or if you are a celebrity like Charlie Sheen or Ashton Kutcher, you probably don’t need your own home based business in order to survive.

Yes, even though poor Charlie was fired from Two and a Half Men, he was very well paid for a long time at about 2 million dollars per episode and probably has a few bucks tucked away for a rainy day. And how about Charlie Sheen’s replacement, Ashton Kutcher? At a reported salary of 700,000 dollars per episode plus incentives, I don’t think he needs a home based business in order to stay afloat.

So, if you are a celebrity or among the super rich, you probably don’t need to start your own home based information marketing business.

But, how about the rest of us?

I believe we should all be starting and building our own home based information products marketing business. Even if we have a good job right now. Even if you start it just as a sideline to earn extra money.

In this terrible economy, and even before the economy tanked, millions of people found out that a good job can disappear in a minute like a puff of smoke. I found that out myself three times in my career.

Wouldn’t you rather be prepared for that, by having your own home based business to fall back on if you need to?

Maybe the job you have now isn’t so good, or you really don’t like it and you would love to have the freedom to just say goodbye and go do your own thing.

Or, you might be retired, or soon-to-be-retired, and you are wondering how you are going to supplement your meager Social Security Checks.

A good home based information products marketing business can help you do all of that. That’s why I believe you do need your own home based information marketing business.

Millions of people dream about starting their own home based business. Are you one of those millions? It’s great if you are, but please don’t be like many of the dreamers who either chase after every new “opportunity” and never really succeed, or dream and dream, but never start. Or, they do start some kind of home business and then give up too soon. Success doesn’t come as fast as they expected so they lose hope, or don’t know what to do next.

If you dream of having your own home business, you can finally start a legitimate home business that has the best chance of being successful.

Why wait any longer?

Imagine being able to focus on one good home based business, information products marketing, so you can stop wasting your time and money trying out every new “opportunity” that sounds good. Imagine starting your own info-products marketing home based business and becoming successful in it.

You may be asking “Can I Be Successful With My Own Home Based Information Products Marketing Business?”

I believe you can! But, you have to do it. I can’t do it for you. All I can do is help you along the way with articles like this, and to ask you take a look at the many information products marketing related websites and blogs on the internet. Just do a Google search, for example, using the search term “information products marketing home based business”. Review the information provided by the websites that result from your search and then get started.

Just listen to a few examples of people very much like you who started with little or nothing and earned a good part-time income, or even mega-bucks marketing information:

I’m a prime example as someone who moonlighted and made some nice part-time extra income with information marketing. I was working for a division of a medium-sized company as their Marketing Manager. I decided I had to do something on the side so I could eventually get out of the corporate rat race.

One of the things I enjoyed doing in my spare time was painting with oil paints or acrylic paint. Over the years, I had found several good ways to save money on art and craft supplies and decided to help other artists and craftspeople do the same. So I wrote and self-published a little 32 page booklet titled “How To Save Up To 60 Percent On Art And Craft Supplies”. It cost me 50 cents to print and I sold it for 5 dollars. During a few years I sold almost 8,000 copies and earned 39,213 dollars in revenue. I’m no Charlie Sheen or Ashton Kutcher, so I really enjoyed the extra money.

A classic example of someone who earned a fortune in information marketing (a lot more than I made) is Joe Karbo. Joe was one of the people who inspired me to start my own information marketing side business.

Joe was facing bankruptcy when he lost his high paying job. He talked to several attorneys to see how he could avoid a bankruptcy. In the process he learned how to negotiate with his creditors and decided to write a book, “The Power of Money Management”, which he sold using direct response ads in local newspapers and magazines in the Southern California area. The book was a success overnight and Joe avoided bankruptcy.

Later, during the mid 70’s, he wrote another book in only six weeks that has become an American Classic…”The Lazy Man’s Way to Riches”. He sold almost three million copies at 10 dollars each. I bought a copy and I loved it.

Ted Nicholas, another information marketing millionaire, tells the story of Matt Furry. Matt is someone who followed Ted’s example. Matt began his Internet business in 1995. He was 50,000 dollars in debt. He had to scrape together 317 dollars to buy one of Ted’s home-study courses. Ted used the headline “You a Millionaire Writer?” in his ad for the course, which intrigued Matt enough to buy it.

Ted says that so far, Matt has sold an amazing 30 million dollars worth of information products on the Internet. Ted describes Matt’s company as lean and mean with no employees and no debt. Wow! That inspires me. How about you?

Dan Kennedy, a small business marketing expert, tells the story of someone he knows who runs a 750 thousand dollars a year information business literally off of a kitchen table, just selling information to pot-bellied pig owners. How’s that for a niche that sure doesn’t sound like it could support that level of business?

Tim Kerber, a membership site expert, uses one of his “student’s” experience as a case study of what can be done with information marketing membership sites. His student is Carrie Wilkerson. Carrie is a mom who started her business with no online experience and a 3-week-old baby on her arm. Carrie is now considered an expert in her own right, is a popular public speaker, has 10,000 people on her list of prospects and customers, and was reported to be on track to make six figures in her first year. And she did all this in less than a year.

I could go on forever with information marketing success story after success story. I love being inspired by others who have done it. But, this is enough for you to get the idea. Even though I know, and you know, these results aren’t typical, you can see that with some degree of skills and abilities, a good work ethic, focus, persistence, and action, success is possible.

You can do it!

Selling information has been described by information marketer Terry Dean as the most exciting and rewarding business any entrepreneur can, or ever will be, involved with.

Millions of dollars worth of information products are being sold every single day throughout the world. Most of the major success stories online involve selling information in one form or another.

OK. How about you?

If you are not Bill Gates, Warren Buffet, Charlie Sheen or Ashton Kutcher, Isn’t it time you started on your own success journey as an “Infopreneur?”

Dollars From Home With an Online Business

Working from home sweet home gives the average head of household the unique change of producing home dollars for the family under matchless working conditions and privileged environment.

A home based online business has a lot of appeal for many people that sincerely would like to dedicate a full time schedule to make an honest attempt to achieve financial freedom, or as a part time to bring in some extra income.

The likelihood of earning those sweet home business dollars has been greatly increased by the development of existing online technologies and the advantages achieved by the introduction of new Internet technology and its applicable marketing techniques.

The natural appeal of starting an online business resides in big part on the many advantages it offers to the potential home worker. Any person able to become a home worker experiments an absolute change in its lifestyle, starting with the working atmosphere. No face to face encounters with yelling bosses, frustrated and/or uncooperative coworkers and demanding costumers. The desperate attempts at punching in and out on time have totally disappeared; the annoying obligation of keeping rules ranging from neatness to break times is not longer required, much less enforceable, unless of course they are self-imposed.

The ever increasing burden in time and money that commuting to and from work represents, has been normally replaced by short walks inside familiar walls and the occasional stretch. No more gas money nor traffic jams; less expenses, and more time with loved ones. These are definitely some advantages that any home worker takes into consideration when planning how to start a home based online business.

The Internet is undoubtedly the biggest ally the work from home business entrepreneur has in reaching the dreamed goal of financial freedom and its manifested reality in the form of running streams of home business dollars.

This online wild horse has to be tamed though. Loose and out of control could run anybody over, and is of no advantage. It becomes a noble ally after being tamed and harnessed while maintaining all its natural explosive force. Any online business once changed from a wild state to a controlled one, becomes a real source of power capable of generating thousands of dollars from home.

Unfortunate for the fainted of heart, there is only one way of taking the first step, you have to step into the corral … and close the gate behind you. In the form of hope, there is an alternative to this option, the careful observation of how it’s done by people who stepped in before you.

Thus the appropriate advice for the online business entrepreneur that wants the extra income from home, should be the encouragement of learning all the possible angles and absorbing every bit of knowledge and information available on this home based business, before embarking in the untried conquest of home dollars and financial freedom.

The potential results, at financial and psychological levels, that could be obtained by starting an online business outweighs by far the initial cost resulting from any combination of money, time and effort.

Although the task remains a difficult one, as a closing and relaxing reflection for the reader consider this … How do you call the only place where you can earn home dollars in the comfort of your underwear …home sweet home ?

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