If you don’t want to sell anything, but have some things of value you can part with for a while, you can always pawn them and get them back later. Be aware though, that pawnshops charge interest of 3% to 25% per month, so this is not a cheap way to borrow.
Is it something you have a talent for? You may dream of making it big as a musician when you’re playing “Guitar Hero” in your living room, but if you don’t know an A chord from an anthill, that’s probably just a fantasy. Figure out what you’re good at and then look for opportunities where you can put your natural talent to work.
Ryan uses Personal Capital to manage his investments and finances. Personal Capital is a free investment software program which offers a Retirement Planning Tool, budgeting tools, and much more. You can open a free account here.
On average, I used to spend $4,000 a month. By decreasing my spending to $3,000 I was able to reach financial independence faster. Simply put, the higher your expenses are then the more money you’re going to need to reach the crossover point.
Be a crook. You can make a million dollars fast by being a crook; maybe a drug dealer, gun runner, money launderer, public fund looter, etc. However, you may never enjoy your money in peace as you will be constantly hounded by the police, the government or your associates.
Hiring for execution as well as sales ability is an important combination. When the skill of execution is lacking, you’ll often have salespeople that fall into the trap of making big promises and expecting “The Rest Of The Business” to deliver on these promises.
Pick up a book in the library. Get a book on Audible.com. Research and study biographies of the successful people in your industry. What did they go through? What can you avoid to get to where they are faster? What lessons did they learn or jack ma how to become a millionaire did they have to go through?
One of my mentors, Vick Strizheus, used your methodology verbatim to create massive traffic via opt-ins with capture pages just like this one here, and his conversion rates are averaging 20%-35% . To prove that this works he generated $710,000 in 28 days !. Good for you brother…
Paying off your credit card debt is one of the most important investments you can make into your Rich Life. I’ve written about how to get out of debt before, but I’ll give you a breakdown of the exact same system in my book that has helped thousands of readers finally escape their debt.
What Kickstarter and Indiegogo are: Crowdfunding sites that let people submit ideas for projects or inventions. If the community likes the ideas, they can contribute money to the cause to help it come to life.
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You wouldn’t try to drive from New York to Los Angeles without a road map. Why would you try to grow your savings from zero to $1 million without a plan? Unfortunately, hoping for the best is not a good way to make it to $1 million. Start your plan to become a millionaire by deciding on a timetable. Once you have a timetable, calculate how much you will need to save per year, per month, or even per week. Investing $500 per week at an 8 percent return gets you to $1.03 million in 35 years.
As with any traditional bank, there is some risk attached with peer-to-peer lending. Zopa have gone a long way to mitigating this with their Safeguard feature, which effectively spreads your money across a wide range of borrowers (who are also credit checked).