hahaha cool article. I hope to follow some steps with improvement..but i m pretty sure i wont be a half millionaire also by this year…will need around 3 years for savings and income to increase…hopefully my journey in financial field works out.
There are a lot of ways you could become a millionaire through business. While I don’t want to waste a lot of time talking about every single one of those ways, let me give you a quick summary of a few of the most common ways people build wealth through business:
Well I have tried to do some things on line to make money and nothing has worked so far. I even payd for a money making software and created awebsite all for nothing. But now I’ve joined a very fast growing finansial network and I’m one of more than 20 milion people in it. What is it? Well it is a finansial piramid that pays you 20-75% in a month for your deposits. Some might say it is imposible but the piramid exists over a year now and there is not even one complain. Everyone Gets Paid everything. It is not a fraud. Yes it involves risk but what does not? I am willing to take the risk ar you?
A friend of mine is close friends with a guy who is the #1 affiliate in the world for DirectTV. He makes $10 per referral everytime someone signs up with DirectTV because of his recommendation. He’s made over $20,000,000 in the last few years marketing DirectTV online.
I’m a big believer in taking advantage of great credit card offers, particularly cash back, travel rewards, and 0% balance transfer offers. In fact, those can be great ways to earn free money and rewards with your everyday spending. But with the exception of balance transfer cards, you should avoid keeping a balance on credit cards. Credit cards should not be used to fund a lifestyle that one cannot afford.
It’s not the balance of your checking account that’s stopping you. Or the balance of your investment accounts. It’s not your heritage, your skin color, your location, your intelligence, your lack of innovative ideas, or your bad luck.
you have to have disposal income to start investing. If you are in debt, you need to pay off the debt first or you will never be out of debt. Paying off a house is a debate that many have. If you have car/credit card debt, pay those off first. Then, The simplest way to invest is to go to Vanguard/Fidelity, pick your Brokerage house and set up a brokerage account and start to buy an index mutual fund that contains the total US stock market and a fund that contains the total international stock market. you are now diversified and own every stock. the aveage, basic investor will never pick the correct stock to make them money. Just buy index funds since they are the cheapest funds to own. If the Dow goes up 10%, your fund goes up 10%. .001% of the money managers can consistently beat the market and you will never have access to those people. Then if you get more education and understand the mutual funds, you can move in ETFs, which are mutual funds that trade like stocks. Most of these are cheaper than mutual funds. Do some research and look at the expense ratio of what these funds charge to hold. That is your single most important factor. A mutual fund with a 1% expense will eat 20% of your profit if the fund earns 5%. ETFs and some Index mutual funds have an expense ratio of less than .15%, some lower than .10% because they are not actively managed. Go to Vanguard.com and learn about the mutual funds and ETFs.
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As you can see, the numbers make this sound easy. Here’s a fun millionaire calculator you can use. Try out different scenarios based on where your finances are currently, your realistic contributions, and how much you expect in returns.
For you to succeed in anything, you need a clear plan on how you are going to achieve that. The plan will enable you to benchmark your progress and hence spur you on torwards your mission. I do have my own plan of attaining financial freedom and things look quite good. Remember, if you fail to plan, you are actually planning to fail.
“I’ve always been big on investing [in myself]. Even in my previous businesses it’s been a lot of me putting in the cash into my business. I invested in my site. I invested in a copywriter to teach me how to make copy. I invested in someone to teach me how to make sales calls.
Start reaching out to Millionaire’s that you admire. Even in your local community. Most successful people are open to sharing their story and possibly being how to become a millionaire in your 30s mentor for you. If you don’t know anyone ask your friends. Ask around for a referral. Every time I ask one of my Millionaire friends they also have Millionaire friends. Just like I said before “Your Network is Your Networth”. If you want to fly with the Eagles, Don’t hang out with the Turkey’s. That is why it is not a coincidence that one Millionaire will also surround him or her self with many other successful people too.
Be self employed or build a business. You can make a million dollars by being an entrepreneur. Yea, you can make a million dollars by building a business or simply by being self employed like a forex trader, stock trader, craft man, etc. This was exactly how i made my money. To achieve this, you need initiative, skills and knowledge of the business you are venturing into.
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