3. Video Tutorials and Webinars: The internet is a wonderful vehicle for teaching people about all sorts of subjects, from How to Build a Blog to Job Search Techniques to Spanish 101. Technology has now made it possible for even the most technically challenged among us to create impressive multi-media classes and seminars that can be downloaded by a worldwide audience 24/7. The perceived value of classes or workshops is higher than that of printed reports, so creating your own classes can prove to be a very lucrative enterprise.
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.
Unfortunately, most business owners are doing wrong that practically guarantees their business is just a Self-Created J.O.B. That’s why they work that hard for that long … take that much risk … and then LOSE money in the process.
Million Dollar Business Secrets shows you how to think about and do business differently than most entrepreneurs. So your business is not only more likely to survive … it’s also more likely to produce the wealth you’ve been dreaming of.
Of course, you should be aware that an aspiring investor can legally make a million US dollars in one year from the scratch by investing in stocks and bonds. All you need to do to achieve your target is to pool together enough start – up capital (investment capital) and then work with a professional stock broker who has successful experience under his or her sleeves when it comes to selecting stocks that can do pretty well in stock market.
Never invest more than you are willing to lose. This is particularly important when you start. The older and more experienced you get the less risk you are likely to take, or the better you are capable of taking it.
You might want to save up to meet your desired capital, or you might want to pool the resources together via close family members and good friends. The amount in question which you intend investing is up to you. Be sure you set a target and discipline yourself to save it up before launching out on your investment.
Another practical way that an aspiring entrepreneur can legally make a million US dollars in one year from the scratch is to start an ICT business. For example, if you start an ICT business and you secure a business deal / contract to lay optic fiber in the whole of your country or a particular region, you can actually earn over a million US dollars from such deal. There are other areas in the ICT industry that an entrepreneur can earn a million US dollars in one year, just ensure you explore all available avenue to earning a million dollars in the ICT industry.
Far too many people are utterly obsessed with coming up with a million dollar idea in the hope it will make them millions of dollars. And while some people do actually manage to do this, it’s not the smartest way to tackle the financial goal you’ve set for yourself.
You also need at least a PayPal account linked to your e-mail address to ensure that commissions are paid into your bank account every single week, as well as an affiliate ID to accurately link, track, and trace commissions due to you.
I have practiced the same debt elimination and savings techniques for years, and do so quite aggressively, though more conservatively than one of my best friends. I am 60% there in savings and my only debt is my mortgage payment. My best friend in 23 years reached 130% of his goal to become a millionaire. He began with $3000 and was more aggressive in his investing than I have been. My point is, he made it…retired last year and is living off his retirement, social security and investments to the tune of $150,000 per year. He owns two homes, bought a boat and is traveling and enjoying his life to the fullest. My goal is to follow in his footsteps. All of this takes discipline and sacrifice, but believe me it can be done by anyone, so don’t think this is a bunch of bull…anyone can do it, but you MUST make saving a life time habit. Set short term savings goals and work hard to reach them. Once you reach a short term savings goal, set your next savings goal and continue to work hard to reach it. Then repeat, repeat, etc.
GREAT podcast!!! I finally took the plunge a couple of weeks ago and got a one on one mentor. Like you said in the podcast, many of us think we can figure out the whole ‘process’ ourselves (myself included), but it just take too long- a mentor helps speed up the process. Keep rockin Lewis!!!!
Starting a diamond retailing business is yet another practical way that an aspiring entrepreneur can legally make a million US dollars in one year from the scratch. If you have a penchant for diamond and jewelries, you can indeed make good money if only you can be willing to start your own diamond retailing business. Diamond retailing business is one business that is not common in most part of the world, but it has a very high profit margin. People that are involved in the retailing of diamond would admit that they are making huge returns on their investment.
Another practical way that guarantees aspiring investors the means to make a million US dollars in one year from the scratch is by investing in private equity fund. The essence of private equity is to generate a pool of cash that can be used to re-position a company to be able to make more profits, or to help a company invest in developing new lines of products and technologies.
For a reasonable entry fee (often around a few hundred bucks), you can buy into an existing system and immediately begin building a business. And because of technology, this can be done almost entirely online and automated. Paperwork, order processing, distribution, accounting, and follow-up are almost entirely managed by the network-marketing software. This allows you to focus on building your business instead of worrying about the normal start-up headaches of a small business.
I fear your wonderful advice comes too late for me. I am 58 years old and have no job skills. The world is a wonderful place for you young people who have jobs and a meaningful life, but for someone like me it is difficult to want to keep going. I feel antiquated and out-of-date. I will never be a millionaire–not even close! What is even worse is that my two grown sons can only find part-time, minimum wage jobs and both of them went to college.
The best time to plant a tree was 20 years ago. The best time to start investing was also in the past. If you haven’t started yet, don’t sit and wallow in regret. Tomorrow doesn’t exist for people who don’t do something today.
What do your friends say you’re great at? I love this question. Not only can it be a nice little ego boost — but it can also be incredibly revealing. Examples: Workout routines, relationship advice, great fashion sense, etc.
When many of us think of millionaires, we picture high-powered executives cruising around town in chauffeured limousines. But you don’t need to earn an extraordinarily high salary to join the ranks of the wealthy. In fact, if you play your cards right, you can become a millionaire on a fairly ordinary salary — just $56,000 a year, in fact.
For example: I get emails every day, from total strangers who want me to do things for them. Some ask me for detailed marketing advice. Others have just written a book or launched something, and ask me to write about it, because they know I have a great readership.
Yes, I have. My 7 year old son started his first business today creating flyers, pricing, even a website all in less than two hours and it didn’t cost him anything. As I was helping him get started I was thinking of these 6 steps. We even “hustled” door to door and he made his first $5. It’s not online this time nor is it a million (yet) but Thanks Lewis!
If your goal is to become a millionaire to impress your neighbors, friends or family, you have a difficult decision to make. People impress the neighbors by buying the fastest car, the biggest boat, the latest tech gadget or by posting pictures of luxurious family vacations on social media. Unfortunately, all those things that impress your neighbors are also poison to your finances. Aggressive long-term saving and investing involve living well below your means. The good news is that you may eventually have a million dollars or more to spend to impress your neighbors during your retirement.
Do everything you can to avoid being surprised when you don’t reach financial goals. Set realistic expectations, and have a clear plan on how to get there. Undershooting your revenue estimates will help ensure that your plans, which are based on how much money your business makes, won’t derail the company. If you aim high and fall short of reaching your expected margins, it can be disastrous to your firm. (Get more tips on forecasting.)
You must be an unquenchable learner. You must be driven to constant improvement, a bottomless pit to be filled with everything you can learn. Personal development must proceed development of the business plan.
The goal is to help you make money fast … to jumpstart your business and get out of the gate quickly. Just like a body in motion tends to stay in motion … a business that’s growing its profits rapidly tends to dominate its industry.
I’ll be more than a millionaire, I don’t doubt it at all. The hardest part is starting your way up the curve, since that’s when the snowball process of compounding takes the longest to kick off. Once you reach a critical mass, the last… say… third or fourth of the journey will be relatively easy. If you’re in the right investment allocation, the real question is how soon can you make it to $750,000 in net worth? Or how soon can you start bringing in income from a second investment property? No, friends, a million is not far off at all…
There are a number of ways you can approach this. You can use the money you got from step four and put it towards chipping away at what you owe. You can also tap into hidden income to free up some money. If you’re really enterprising, though, you can start EARNING more money — I’ll explain that in a little bit.
The truth is, everyone is highly dependent on other people to do what they do. But it takes wisdom and humility to openly acknowledge that dependence. Rather than seeing it as a weakness, realize that it’s a strength.
Your mindset and approach to marketing will also greatly impact your chances of business success. You don’t need a Madison Avenue background to create a powerful marketing program, but you’ve got to give it some deep thought and probably try a lot of different approaches. It’s hard, but you can do it. I have many presentations giving specific ideas on what to do and what not to do.
And so she did. That’s how she was able to grow her freelance CPA consulting hustle into a full-fledged business (Badger and Badger CPA) that she runs with her husband. It’s helped earn her her first million dollar year in 2017.
It’s not as easy though as simply finding the hottest crypto startup, dumping a load of your cash into their ICO, and getting rich. There are just as many awful ICOs as there are reputable and ethical ones. So, you need to do your due diligence and research the company behind the coin offering.