Saving and Investing in Real Estate is a great way to build wealth, Buy wholesale and sell retial is also another good option, all you need to do is identify something which can turn a profit, no matter how small and keep compounding it until substancial wealth is attained. It may take a while so one has to be diligent and patient.
Be a mommy (or daddy) blogger. If you haven’t used your free time between changing diapers, washing clothes and shuttling kids around to hop on the blog bandwagon, it’s worth considering this potential source of income. And just because you’re a parent doesn’t mean you have to write about parenting issues. In fact, given that there already are so many blogs about life as a mom (or dad), consider writing about another topic about which you are passionate. The more original, entertaining and informative you are, the more likely you’ll gain followers – and you need an online following to make money.
And there are millions who have journeyed successfully down the wealth path and have become millionaires. Many of them started in worse situations than you find yourself in today. Just look at Mark Cuban (Shark Tank judge and owner of the Dallas Mavericks), Larry Ellison (the billionaire founder of Oracle), Howard Schultz (CEO of Starbucks), Oprah Winfrey, and countless other examples. They rose from poverty to become exceptionally wealthy.
I think you missed the point: these words have helped me. I have no consumer debt, a reasonable mortgage payment with a lot of equity, a healthy retirement account based on my age and income, and strong professional prospects. I earn money, live within my means, save and invest that money, and repeat the process. I am well on my way to becoming a millionaire, and I wish you the same success.
Over the last few years, I’ve had the privilege of getting to know over 100 millionaires. And I didn’t get to know them just casually either… some of them have become my mentors https://youtu.be/uuwWWjFUXsQ others have become good friends.
You can blog about anything you like, from your weird uncle Bob, to politics, your weight loss plan, your lovely girlfriend, to finding a job, how much you hate paying taxes, and everything in between.
Like the other companies identified, Nike has taken small steps over time to significantly impact millions of people. Their brand stands alone, yet they have adapted through upgraded designs, embraced new technologies moving from print to social media platforms and adapted to the needs of their audience.
Another advantage of having some cash savings is the ability to use the money for investments or other large purchases when you come across a good deal. This could be a something like an investment, property, or just a good deal that saves you thousands of dollars on a major purchase. Take advantage of these principles and save money whenever possible.
I didn’t know where to start… so I went to iTunes and looked up the word “millionaire”. I found a few people that were okay with saying they were millionaires. I sent a few quick emails asking them for an interview. I assumed that none of them would say “yes” because I didn’t have a podcast, website or anything… but to my surprise, they all said “yes”!
Alright, what I said in step one was misleading (it wouldn’t be the first time so stop complaining). After you have decent income coming in every month, you need to save at least some of it. How much? It all depends on how fast you want to become a millionaire. There’s no right or wrong answer. No pain, no gain my friend.
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.
Becoming a millionaire isn’t all that difficult and there are countless ways to achieve that milestone. Some people do it through real estate, others start their own business, while some simply get lucky by winning the lottery or winning big on a game show. What is even more interesting is that you don’t have to be wealthy to begin with nor do you have to earn six figures to reach this goal.
There are some really great, legit ideas here. I worked on a couple of these before like mechanical turk. I have a site of my own which is based on survey taking. It’s very informative with a legit way to make money. Not going to get rich but can make some good fast, easy, and free money.
I advocate for the Tim Ferris, multiple income stream strategy. It’s important to have a diversified portfolio and automatic income streams that supplement your basic income earned through work. Selecting the best investment and income streams requires a person do the research, but very basic strategies can be employed that grow the money nest. I think the article is right to say it’s better to earn rather than save more than you spend, because saving money can depend on very specific contexts, while earning money tends to be more predictive. Good article.