“how many months to be a millionaire twelve percent of all us households are in california”

​So, the first thing I had to do was recognize an incredibly harsh truth. I had to recognize the fact my father was giving me bad advice. He loved me, but that doesn’t mean he was in a position to help me manage my money.

Some people would simply like to quit their jobs and make a good living. Some people would simply like to quit their jobs and make a million dollars. In that movie (the Justin Timberlake vehicle), JT says, “A million’s not cool. A BILLION is cool.”

I, too, sat and watched this nonsense. It all sounds great but TOO great to be honest. It seems like a get rich scheme that you’ll have to keep shelling out money for without seeing any return. If you’re looking for a get rich POSSIBLE venture check my link.

A little long winded but just stay with me… My wife and I came to the US (to a small farm community in northern CA) as an immigrant 35yrs ago with 3 young kids (1yr, 2yr, 3yr olds), no English speaking skills, just a 3rd world high school education (which is probably equivalent to an 8th grade education here), no marketable skills, and just enough money for the plane ticket here and a 4yr old car when we got here. We first stayed with my sister in law and her husband for about 4 months while my wife and I worked in the fields in the summer harvesting fruit. After scrimping and saving we found our own old and broken down rental out in a peach orchard – it was the only one we could afford that would allow us to save. We continued working in the fields each summer thereafter and, as our 3 children grew , they helped working in the fields on the weekends and summers. Each child started helping out at about the age of 5 yrs old, so we could increase our earnings. The younger ones would play in the field where we worked. The farmers didn’t care, so they let us bring our kids. Over time, we, all 5, would work in the summers harvesting fruit and getting paid for each box filled. We were the slowest among the workers and filled the fewest boxes, but we persevered summer after summer. Then about 4-5 yrs after arriving in the US I got a farm job for the off season but on days it would rain, I didn’t have any work at all, so no pay. We never had health insurance so we tried hard to stay healthy. But at least I was able to earn some more money in addition to the summer earnings. So there we were, about 4-5 yrs after arriving, working in the fields, I made minimum wage with my farm job and my young family making a combined of less than minimum wage in the summer (remember how I said we got paid piece work and filled the fewest boxes?) – essentially, one min wage job and another 1/2 min wage job. But we persevered. Our kids would start working weekends at the start of summer and miss the 1st 2 weeks of school at the start just to get that extra income before the summer came to a close each year. But we all pulled together, saved for enough of a down pmt on a small house in town so we could afford the mortgage pmt and still be able to save. We splurged here and there (eating out a few times a year, buying a few nice things and keeping them FOREVER (new TV, new car, new furniture, new appliances), new clothes for school each year (never the trendy ones though – they cost too much – the kids knew how hard it was to earn a buck so they were happy for just the new clothes even if they weren’t trendy). Needless to say, we didn’t 1) buy morning coffees, 2) go out to lunch, 3) take vacations, 4) Waste stuff only to have to buy a replacement, 4) waste money on junk food, only the nutritional basics (we just couldn’t afford to do that AND save some for when there was no work due to rain). We ran into some medical problems, needing a few surgeries that ended up costing as much as a new car each time. But we needed it, didn’t have insurance, and had the savings so we had to pay. But we still persevered. We lived simply and saved simply. We didn’t get into investing in anything other than CD’s. I couldn’t even begin to understand that stock stuff so I avoided it. This continued for over a decade. Then my kids were in high school and got jobs at fast food so they made min wage – a step up from the field work and we saved their earnings as well. They would work 2 jobs in the summer – fields during the day and fast food https://youtu.be/uuwWWjFUXsQ the evening/night – it was tough but it was only for the summer. As time went on, our WHOLE FAMILY COMBINED, FINALLY STARTED EARNING maybe about 2/3 of what an elementary school teacher earned (my uncle was one and I remember him alone earning more than our whole family earned). But we persevered. While my kids were in high school, we saved and eventually bought a bigger and nicer house in a nicer neighborhood and eventually paid it off. I still made min wage, wife worked doing seasonal work, kids help on weekends/summers. My kids went to a local community college and drove from home each day – the traditional going away to college was WAY TOO EXPENSIVE. All 3 still worked weekends fast food and both, fast food and field work, during summers. I still earned min wage and my wife worked seasonal during the summers. With a few scholarships, financial aid, we were able to pay for college. They then transferred to a nearby university, still drove each day from home to college, while maintaining the weekend/summer work. Again, with a little from scholarship, some financial aid, and working ALOT we paid for their college. Upon finishing college, all 3 moved out to where the jobs were. I still worked min wage, my wife, seasonal work. But we saved and didn’t waste it and lived simple lives. We then bought a bigger house, paid cash, in a nicer neighbor hood (with doctors, dentists, and pharmacists as neighbors) but we still live the same, no reason to change lifestyles. We also have enough for retirement but we continue to work. My neighbors don’t believe I work in the fields. I don’t care, it’s not my job to make them believe. To make a long story even longer, my WHOLE point is that you can STILL DO IT EARNING MIN WAGE! You don’t have to go as extreme as we did but you CAN STILL DO SOMETHING TO GAIN WEALTH! People who will NEVER have any wealth will only focus on excuses and come up with ALL kinds of holes and weaknesses in my story. People who WILL generate wealth will see the same story and come away encouraged to do better.

Hi John I an so glad I read your view on this as I was looking in to it . I would like to know about what other advice you could give some one who wants to learn more about making money on line and what great opportunities you think might be out there for me to look in too,

And billionaire Mark Cuban put it bluntly in an Entrepreneur article about the keys to being successful in business: “People hate dealing with people who are jerks. It’s always easier to be nice than to be a jerk. Don’t be a jerk.”

Step two. Start a service business in one of those area. For instance, go to every local business in your town and offer to set up the facebook fan page for their business. Then, in store, their customers can “Like” their page. Then all the friends of those customers will  see that they Liked that page and will be curious. That’s the basics. Then it gets more and more advanced as you get familiar with the Facebook landscape and their tools for targeted marketing. If you can’t get any customers for this basic business then something is probably wrong with your pitch, with you personally, or you live in the woods. You can be ten years old and get this business started. Get ten clients or more.

Videos – This could be an entire section on it’s own. Many people have made money by creating YouTube videos. Evan of EvanTube is a kid and he has made millions by creating reviews of products that other kids his age would use. It’s not easy to get views into the millions, but once you do, you’ll start seeing some cash come in. Many bloggers have completely turned to videos to get their point across by starting a video blog.

Another commonly used term is multimillionaire which usually refers to individuals with net assets of 10 million or more of a currency. There are approximately 584,000 US$ multimillionaires worldwide in 2017[17]. Roughly 1.5% of US$ millionaires can also correctly be identified as ultra-high-net-worth individuals (ultra-HNWIs), those with a net worth or wealth of $30 million or more. There are approximately 226,000 US$ ultra-HNWIs in the world in 2017, according to Wealth-X.[18]

I am hoping my success story involves a combination of the blog and consulting. I’ve been really struggling with the consulting lately in an attempt at networking and obtaining more clients. Between the two blogs, keeping up with industry, and maintaining an amicable family relationship I find I am short on time. My wife has not worked for over 2 years so we are on a single income. We do have a child who takes a lot of time and money.

Have a question about your finances? Michelle Singletary has a weekly live chat every Thursday at noon where she discusses financial dilemmas with readers. You can also write to Michelle directly by sending an email to colorofmoney@washpost.com. Personal responses may not be possible, and comments or questions may be used in a future column, with the writer’s name, unless otherwise requested. To read more Color of Money columns, go here.

Start a blog, give speeches, write articles or publish a book on your niche area of business. Become the expert that people seek out when they need a solution. If you market yourself enough you will be receiving warm phone calls from individuals wanting to buy from you instead of potentially cold calling on individuals who have no interest in your business. (For further reading, check out Small Business: It’s All About Relationships.)

5. IMMEDIATE INCOME PRODUCING INVESTMENTS.  You don’t want to RUN a business, you want to OWN businesses.  PASSIVE investments that work hard so you don’t have to!  The Fastest way to create wealth is by using LEVERAGE when you acquire these passive income streams.  When you operate like the rich do,  (the banks) you can leverage your money 10 to 1,   40 to 1, or 100 to 1.  You can make 100 times more money using LEVERAGE!

This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

Learn to manage processes and people. Systems and processes are what help you scale and keep you from working “in your business” rather than “on your business.” If you don’t want to work until you are 90, you must learn to create and manage systems, as well as manage the people you put in charge of those systems.

Had I been overly concerned about the $3,000, I’m confident that to this day, I’d still not have written a book proposal. At the very most, I’d have written a terrible one. I would not have been as motivated or invested, so I would have been far more likely to procrastinate needed action.

Meeting millionaires is one thing, but being able to call them a friend or mentor is a huge asset. Networking with so many people has offered me many opportunities to go to millionaires and ask for their advice. They check in with me, and I ask strategic questions.

I’ve made millions from trading penny stocks (read my bestselling book for free here to see my crazy journey), but I’m FAR prouder of having created several millionaire trading challenge students featured HERE on CNN and HERE on FOX and I can’t wait to see who my next millionaire student will be…already several students are getting close. Continue reading →

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.

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