Great article Jeremy! I couldn’t agree with you more. I guess the moment we start earning, we should start saving – I truly believe in this and I have been doing this- it really works! My rule is to – plan – stick with it – and work hard for it! You have to be a crazy hard-worker if you wish to take the lead!
Emma Wimhurst is a much sought-after Motivational Business Speaker & Business Turnaround Expert. She is a successful Entrepreneur, (having founded Diva Cosmetics), Broadcaster and regular contributor to UK media.
10. VIRTUAL REAL ESTATE! Why buy single family real estate and make $100 or so a month in net profit while tieing up your credit, your money, having to pay property taxes, hire management, deal with empty rentals, and all the headaches that go with real estate. What do you think a website is? Its virtual real estate. Its hybrid digital-physical piece of real estate that can produce MILLIONS a year in revenue. We all know about, Facebook, Amazon, EBay, etc. But the fact is there are TENS OF THOUSANDS of websites that produce BILLIONS in profits a year. Many of these websites are for sale, just like real estate is. We have resources who sell these virtual pieces of real estate with profits ranging from $300 a month to several hundred thousand dollars a month. The best part is that you don’t need to be an expert at anything. If you want AUTO-PILOT money this is a great way to do it.
Focus on the process. Wanting to become a millionaire is great — but it’s not going to get you there. You must focus on the process for doing so. What daily actions will you take? What path will you walk down? As the late, great motivational speaker Jim Rohn said, “Life doesn’t get better by chance, it gets better by change.”
I have been making an effort to develop other streams of income, whether its rental real estate, looking into buy my first rental and setting up some ecommerce websites. You just cannot save enough to get rich!
Josh Kaufman’s review said this: “If you read How to Make Millions with Your Ideas and don’t come away with a few promising ideas to dramatically improve your profitability or create a new business, you’re simply not paying attention.” I couldn’t agree more.
If you TRULY want to be a millionaire, you have to distinguish yourself from the average population from the inside out. There are multiple mindsets that you must possess to even conceive of having that much money.
Luxury cars, private jets, and yachts, mansions and bla bla bla.Do you really think you can make $100,000 in one single month? I do, but not with something like this. Let’s break down this “program” and settle all the bullshit behind everyone trying to promote https://www.youtube.com/channel/UCt5q0P9-evf25stIoIBem1w kind of scam.
Benjamin, I plan on using my blog to help keep me on track as well. In fact, I wanted to name my site “Million Dollar Journey,” but that domain was purchased a few months before I started blogging. I’m happy that Frugal Trader ended up with it though, because he has a great site! 🙂
When you prioritize learning and recovery, then during the hours you are actually working, you’ll be in a deep flow state. You won’t be distracted like most people are when they work. You’re either 100% on or 100% off. While working, you can get more done in a few hours than most people get done in a number of days.
Certainly, there are many factors in play that can make this easier or more difficult for different people. This is simply the process that you can use in order to reach that goal, whether it is in 5 years or 50, if you follow a few basic steps you can do it.
For example, imagine you have $10,000 in student loans that have a 6.8% interest rate and a 10-year repayment period. You could pay the minimum of $115/month — but if you spent another $100 more each month, you could save thousands of dollars.
You probably can’t demand a raise from your boss, but there are a few simple ways that you can essentially give yourself a raise. Simple cutting out some of your major expenses, like canceling your cable or going out to eat less can save you hundreds of dollars every year. If you save $200 every month, you’ll find yourself with $2,400 at the end of the year.
Of the dozens of available programs online, there is a clear third choice. E-Poll provides a convenient online forum for you to express your opinions on a variety of issues that affect our daily lives. E-poll’s goal is to give users an effective tool to project their voice through interactive surveys. Earn valuable reward points that can be converted to cash or traded in for gift cards and other exciting stuff. Sign up today to become an E-Poll member.
The sooner you start saving, the more likely you’ll reach your goal, but you must be willing to increase your contributions. Nearly 60% of companies with 401(k) plans automatically enroll new employees, usually at a 3% contribution rate. But that will leave you short of your goal. For example, if a 30-year-old makes $60,000 a year and contributes 3% a year, he’ll have about $367,000 by the time he’s 65 (that assumes a 3% annual raise and a 7% rate of return). But if he bumps up his contributions to 10%, he’ll end up with $1.2 million.
Also, some of them are deceptively simple. For instance, let’s say you spend 40 hours this month learning keyword research and posting 30 how to articles on eHow. And you make $20. You may think, “Wow, fifty cents an hour. What a waste of my time.” Except, next month, after the articles settle higher in Google, you make $40. A year from now, having done nothing else, you are making $100-$150/month. And assuming Google doesn’t change their rules, you should continue receiving checks for years with no additional work.
LOVE Scott’s energy! Business/money can be a pretty dry and boring topic depending on who’s doing the talking and that is definitely not the case with Scott. Keeps me engaged and motivated. Also, what an awesome ‘radio’ voice. Highly recommend!”– Britany Felix
So, here ‘s the real puzzle: How did these two hedge funds, which have fewer than one hundred employees each, make as much money as Apple Inc., which relies on the hard work of its nearly 30,000 U.S. employees (and the incredibly hard work of another 700,000 workers and contractors globally)?
When it comes to self-improvement, investing 10% of your income on yourself will yield a 100X or more return on that investment. For every dollar you spend on your education, skills, and relationships, you’ll get at least 100 dollars back in returns.
Action item: Email three people and ask for an interview a month or two in advance. That way you have a hard deadline to figure out all of the tech aspects of recording, etc. Some might say “no”, but just keep asking!
You make money with income property from rents, appreciation and equity gains from the tenant’s rent paying down your mortgage. You also get to exercise creativity and control with real estate investments.
But there is another way to profit even more from Fiverr for potentially far less work. How? By simply reselling gigs elsewhere. For example, find a decent logo designer then reply to jobs on Upwork or even local classifieds. A $5 spend can easily become $50+, and it’s repeatable!
If the match is in company stock, I would diversify my investments as quickly as company policy allowed. When I worked at a public company, my rule of thumb was never to hold more than 10% of my investments in my company’s stock.
I like how you mentioned the lottery as your first point, but then pointed out that your chances are pretty slim! Too many people trust in the lottery to win big, work is a better method, and I know you agree! Thanks for a great post!
I’m glad that you’ve exposed these frauds for who they really are. I’m going to warn my friends about their heinous acts. This is unacceptable. Thanks again for sharing, and I wish you good luck on your journey.
The other wants to make money because it allows them to make more things. They want to improve their product. They want to extend their line. They want to create another book, another song, another movie. They love what they make and they see making money as a way to do even more of what they love. They dream of building a company that makes the best things possible…and making money is the way to fuel that dream and build that company they love.
To revisit the “six-pack abs” analogy again, it’s not enough to want it or to believe it’s attainable. That’s only the first step. You have to know how to get those abs — in a world full of bad information.
Starting a website with Bluehost takes less than 20 minutes, costs hardly anything and can be done by an 82 year-old. It only takes a bit of plugging on social media to get your first visitors, and there are plenty of ways to monetise your site.
As the number of people visiting my site increases, the chances of me making more money increase. That should be easy enough to understand with one caveat. The traffic just can’t be random traffic. It has to be traffic that is interested in what I’m writing about.