Make your money earn you money. You alone will likely never save up a million dollars. Therefore, the only way you will get there is by turning your money into little factory workers who show up each day and go out to make you more money. You can do this through business or investing — but make sure your money isn’t sitting around doing nothing.
Action item: Commit to creating your own mastermind group with amazingly successful people. Sometimes it’s scary at first to approach people that are at a higher level, but once you have one of them say “yes”, it’s easier to get others to say “yes” too.
Then head to our active competitions page to enter other free competitions that we have found. Just note that some of these sites may send you spam so use an alias email address and opt-out of as many of the offers as possible.
I’d wanted to launch my own website since 2010, but it took me five years to find the time to actually do it. Sure, I was pretty busy between 2010 and 2015 trying to make as much money as possible and pursue financial independence. But by 2015, I had enough money in the bank to make work optional and decided to launch Millennial Money to share my story and strategies to become a millennial millionaire.
While this won’t get you rich by any measure, you can sell products online using sites like Craigslist, Alibaba, eBay and even the Amazon Marketplace. In fact, these are some of the top online destinations where you’ll be able to easily reach the masses. Instead of building your own ecommerce shop, selling products on these marketplaces, can be an instant boon for you.
Since most bloggers “takes week” before they approve and push a guest post. Won’t it be better for a new blog to write the same unique guest post and submit it to web 2.0 blogs linking them back to his new blog using the keywords he wants to rank for.
As I said in a recent article I wrote on Entrepreneur.com, “a funnel is simply the path that your customers, clients or leads progress down, starting with your first interaction and ending with your goal being accomplished. As the name would suggest, a funnel is wider at the top and narrows as the prospect moves through it.”
I’ve been a member of this awesome online community since 2007 (and yes I still am a member in 2017). They have a clear step by step action plan, detailed training, updated video training and top notch support. The best thing is, you can become a member completely free so put your credit card away.
One of the areas I was able to learn more was in my job as a financial advisor. Over time, I took more courses and became a Certified Financial Planner™ professional. Most people assume that, once you become a CFP®, you automatically earn more money.
Being a stay-at-home parent is a full-time job. Unfortunately, it doesn’t come with a full-time paycheck. As a result, it can be hard for some families relying on just one income to make ends meet or build savings.
From there, I continued that hustle into the launch of my blog. I also launched a YouTube channel and a podcast shortly after. From there, I kept on hustling and eventually wrote my first book, Soldier of Finance.
These are perhaps the best savings vehicle for most of the working population. You need to take advantage of your company plan if one is available. Not only do the earnings in the account grow tax-deferred, but a simple contribution of 6% can help reduce your tax bill if the contributions are made on a pre-tax basis, as pre-tax contributions are excluded from your gross income for income tax purposes.
The Clickworker.com concept is based on ‘internet crowd-sourcing’ where businesses advertise specific, scalable tasks they need completing quickly. And for us, it’s an easy way to make fast cash from our couch.
Rule No. 2: Pick a boring business. Everyone is always on the lookout for “the next big thing.” The next big thing is finding rare earth minerals on Mars. That’s HARD WORK. Don’t do it! Bryan picked a business that every merchant in the world needs and he also knew that it was an exploding business because of all the online stores that were opening up. You don’t have to come up with the new, new thing. Just do the old, old thing slightly better than everyone else. And when you are nimble and smaller than the behemoths that are stuck with bureaucracy, you can often offer better sales and better service, and higher touch to your customers. Customers will switch to you.
Next, consider contributing money toward a Roth IRA or traditional IRA, individual retirement accounts with different contribution limits and tax structures — which one you can use depends on your income. If you still have money left over, you can research low-cost index funds, which Warren Buffett recommends, and look into the online-investment platforms known as “robo-advisers.”
“Look at your beliefs and look at the beliefs of the wealthy and how they think about money,” he says. “They see it how to become a millionaire fast free a game. They’re just playing a game, and they’re having fun. They’re moving things, and they’re creating value for society, and they’re getting richer all the time. It’s more about thinking about money in terms of abundance and opportunity and freedom and all the good things, such as good health. Money can save your life if you have enough of it, because you can pay for treatment for whatever you have.”