What motivates me is thinking about all the people with seemingly successful businesses who, in my humble opinion, are far less qualified and competent than me. More important than anything else, these people take action. I’m learning to do the same.
i strongly agree with u mcneri. most of the comments failed to impart the essence of becoming a millionaire. having good intentions to become a millionaire, like building foundations for the less fortunate pips, giving employment etc., aside from wanting to achieve financial freedom is a sure way with the guidance from God. FAITH and ACTION is a must… i am not there yet but with this mind, I CAN DO IT.
You can increase the value of your idea by protecting it. Before you even begin trying to make money with your ideas; it’s advisable you protect it. Legal protection is what made Bill Gates a billionaire; not the idea. Legally protecting your idea also increases its value. Trademarks, patents, licenses and copyrights are examples of legal vehicles you can use to protect your idea.
Hi! I’m Megan. I love all things personal finance, debt management, frugality, and healthy living. I’m on a journey to financial freedom, and I hope you’ll benefit from the wisdom and knowledge I share along the way.
What an inspirational podcast Lewis! This is my first time on your site and first podcast and the amount of knowledge that I have taken in is unbelievable. It’s funny, as I listened to the podcast, I kept saying your so right Lewis, yup your right about that too… The perfectionist in me is what is holding me back, and after your podcast, no more. Going to set a deadline date this year to roll out my product, will learn as much as I can from others and invest in myself. You have gained a lifetime follower of your work. Thank you for being awesome and talented. Enjoy Spain!
I recently gave some marketing tips to a bunch of local professional photographers who formed a company about 3 years ago. There are 7 of them and they were making around £400 a month (collectively). So I advised them to create a website, show their individual skills on the site, and start promoting themselves. (No no no, not the way you are already thinking!) The skills about their technical know-how, courses they can offer, and (very importantly) reviews of the latest equipment on the market.
These actors/actresses will do this for a low fee of $5 bucks in most cases. Where are the dignity and good morals of these people? It would seem as if some people will do almost anything to gain a few bucks.
I often wonder how someone can get tricked into spending $50,000 too, but what you and I aren’t seeing is the culture inside MOBE, which is the real monster behind My Millionaire Mentor. Once a person falls for the $49 scam, professional telemarketers take them step by step up each level. These telemarketers are masters of persuasion. I would not want to be on the receiving end of their BS.
The principles that I have followed out of grad school seems to have correspond to the article. At my age as part of the mid-end of the gen X, it seems that reaching the status of millionaire doesn’t reduce the anxiety of how to provide for the family. I still worry about the same things as before, but at perhaps at a different level. I admit getting to the first million was relatively easy with luck and good planning, but I thought I would have been much better off by now. It is also very tough to maintain with a bad economy. Forget about buying the Lamborghini or the large estate, it’s time to hold what you have.
There are nearly as many ways to create wealth as there are people thinking about how to do it. Your financial plan leads you to your destination, and if you want to create wealth and make millions, you have to start with the first step and figure out how to get there. Whichever path you choose, keep the following things in mind to improve your likelihood of success:
Being financially independent and successful does not mean that you have to sacrifice having a family, traveling or other goals. The key is to make sure that you shift your values accordingly to what you want to accomplish during certain periods in your life. Because the truth is, you’ll be most successful in whatever you place as your highest value.
On this episode of the Dot Com Lifestyle Vlog, I give you my secret to making money online. I also check out some cool rides at South OC Cars and Coffee, have pho at the Dot Com Lunch, and Sally plays the violin (she is getting quite good at it)! While doing all this, the systems I’ve created on the […]
These skills empower us to accurately assess our emotional triggers and abilities, control our emotional reactions, constructively resolve conflicts, set achievable goals and effectively manage relationships with other people. It’s not your IQ, but your EQ that will make your career skyrocket and your salary reach figures you only dreamt about. But how?
Online business is how I’ve made a living since 2003 and what has helped me retire early. I make over $40,000 a month through my blog. You can create your own blog here with my easy 15-minute step-by-step tutorial. You can start a blog for as https://youtu.be/oqILt-n4Qns as $2.95 a month (less than a cup of coffee!). Create a blog and leverage it into affiliate sales or product endorsement deals. Consider topics like:
When you normally think of saving, you focus on not spending $$ on what you want. You think of yourself as on a financial diet where you’re only working to deny yourself things. This is never fun. So, let’s try something different.
In his book, Siebold interviewed billionaire Rich DeVos, co-founder of Amway and owner of the NBA’s Orlando Magic, and billionaire entrepreneur Sam Wyly. Most, however, weren’t famous and don’t like any publicity.
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.
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There you have it. Don’t be afraid to reach out to influencers, celebrities, or anyone you look up to on social media. The worst they can say is no. But I bet you will be surprised with the few that might say yes that will help set you up for success.
I completely agree. My advice is to get a good job then live in a very cheap apartment or home. Then INVEST as much of that money as possible ( try to invest in property as this will give you a gradual increaseing income income) so the name of the game is the more you invest, the more you get and with that money invest MORE! This makes becoming rich a guarantee, it’s really that simple. And just something to add if you work for a boss, the boss will ALWAYS be making more money by USEING your brain affectively to make his money. So be your own boss and you do all the work and get all the money and desire you would ever want.
I took the plunge and signed up for 99Designs. I have already submitted 2 designs in my spare time. Now, in middle school and high school I was into art pretty hardcore. But my love from computers caused me to put down the pencil and pick up the keyboard. I am glad to find something that has gets me drawing again, and can earn me a bit on the side. Thanks again!
Part of staying disciplined is to remain vigilant about monitoring your progress and making sure you are still on track. If life events knock you off your plan for even a few months, the long-term effects could have much more of an impact than you realize. By taking the 35-year, $500-per-month example and simply removing a single year from the calculation, the total drops from $1.03 million to about $950,000. Missing a month here and a month there can quickly add up to a lost year or two over time. Checking progress regularly is critical.
Start today. Get yourself educated. Create a vehicle, or several vehicles, where you put at least 10% of your income. Eventually, your investment vehicle may even start producing more profits for you than your actual business.
eBay – Of course you can’t read an article about making money online that doesn’t mention eBay. You can start an eBay store and get serious about it or you can just sell some stuff to declutter your home. Either way, I’ve made my fair share from selling on eBay and it’s still a popular way to earn money. If you decide to start an actual eBay store, you’ll want to find a drop-ship business like Doba that will store and ship items straight to your customers so you don’t have to deal with an inventory.
Mentors are a vital business resource I recommend to everyone. A mentor is a person who guides and advises you. This person will also push you forward in your business. Many times, a mentorship emerges out of a business relationship.
Also known as Multi-Level Marketing (MLM), this is a business model that allows you to generate ongoing income in two ways: by making a commission selling products and by recruiting other members who go on to sell. The later allows you to make money from the sales made by those you have recruited.
Do you want to be a millionaire? Would you like to see how I became a millionaire before I turned 30? Hello and welcome to Gen X Finance. My name is KC. Between saving and investing I was able to accumulate a net worth of over a million dollars before I turned 30. My Story I graduated from college early in 2000 with a bachelors in … Read More…
The problem with traditional debt management within traditional BS money management is that unexpected expenses make it harder to ever dig yourself out from under your bills. It likely feels like you can never get ahead… because you don’t. Therefore, you must save even if at the expense of not paying down your debt faster. If you have debt, you should create a budget that sets aside a monthly amount for that debt after saving. Then, that savings can be your most valuable resource to avoid falling back into debt. If you still can’t seem to stay within your budget, setup your Fun Account in cash. Studies show people have less resistance to using credit cards and checks as to spending cash. Finally, write down everything you buy (at the very least just to spend more time and thought on each and every purchase) and then review your current expenses for surprises as well as areas you know you can cut back (to detail how much). Common hot spots include TV and cell phone contracts as well as eating out. The lifetime expense of a medium sized dog is $16,000 – what message are you sending when effectively taking that money from your children’s college fund?
Making a financial plan and investing your savings responsibly can be a bit overwhelming to someone with limited experience, but there’s no shame in seeking professional help. Even if you’re confident in the plan you come up with on your own to become a millionaire, it never hurts to have a financial advisor take a second look. Of course, professional money managers can be a major expense in their own right. Rather than simply turning over your money to a costly active money manager, consider implementing most of your financial plan as independently as possible after initially discussing it with a professional.