Whats the easiest/legal/moral/honest way to become a millionaire?

How do I start my own car company like Hyundai?

• First off, let me tell the truth that I'm no millionaire, I'm an ordinary man. I've read Think and Grow Rich by Napoleon Hill and I do know that EVERYTHING is possible. So i have come up with an idea to start my own car company like Hyundai. Now i certainly don't know how to do that. I mean i know i can do it but i just don't see how to take that first step. I have this goal and dream. I'm ready to stake everything for my dream. There's a certain new heat in my body again and I feel energetic more than ever before. I've got to live and die for this dream. I know its pretty hard and some say i can't do it which is really demoralising. I'm just so afraid of failure that there's a certain vibration of hesitation in my legs. The new Hyundai Genesis are mind blowing and i want to create something like that and huge than that and leave a legacy. So there are two ways i can possibly open my own car company. First is that I can do a CA(chartered accountancy) and then CPA(Certified public accountancy). And then go so far in business just like John D. Rockefeller. But i want to create my own identity. And then when i am a successful business, then I'd own Hyundai and rename it as SalCar and bring it to new heights. Second way is that i can take a loan from credit union and start investing in car businesses and eventually own Hyundai. Its gonna be hard i know and i am afraid i might fail and end up laughed at. I know whatever a mind of a man can conceive, it can achieve. But whats that first step i should take? If i do mechanical engineering, then just know that there a very little money one can earn in this profession. I'm just so mad about this dream. So now what should i do? Do the first thing or the second one? Some told me that the great companies of today would kick me out of the business before i even start my own company. What should i do? I'm really desperate and it has become the obsession of my life. I want to create my legacy and revolutionize the whole vehicle bus

• Answer:

  Firstly I'd like to say well done for being so ambitious! Far too many people nowadays don't seem to have any real ambitions and I think that's a real shame because as you said anyone can do just about anything. To answer your question, believe it or not it's something I’ve always wanted to do myself. I am a car nut and a bit of a car collector. My dream would be start my own car company and it was something I vaguely looked into. It is entirely plausible to do, you would be best to start out by using other manufactures parts. For example buying an engine from say Ford and then tuning it up. Therefore saving yourself massive development costs. For example Spyker use the engine out of an Audi RS4. You could get someone to design the car for you (probably not a massive amount of money if you don't use a big company like say Pininfarina). The trouble is though that producing cars is expense. For example, the dies (moulds) for each panel can be $50k each and the average car will have about 7 different panels. As I said I looked into it vaguely myself and after some research came up with a rough figure of about £5 Million ($7.7 Million) to start up once you include a couple mechanics, a spray painter, the equipment, testing costs, premises etc. The other problem is that with the economy the way it is at the moment, it can be very difficult to get finance from banks. My advice if you are serious about it is to spend some time researching it and drawing up a business plan to work out costs etc and then if it is still something you think you would be able to do then go and seek finance and investment. I wish you the best of luck and hope I've helped.