Talk to me GREATS. Did you enjoy this episode? What was the biggest take away for you? What hit you in the gut and made you realize you weren’t doing something you should be doing? Or, what was the simple thing I talked about that you already knew you should be doing but aren’t yet? Share with me how you’re feeling in the comments section below.
Remember, don’t start out trying to figure out how to make one million dollars from your YouTube channel. Instead figure out how to make your first $100, then your first $1,000, etc. Build your “profit ladder” one step at a time, all the way to a million dollars.
“Our Facebook group is not just a group, it’s a community and we have organically grown it to over 20,000 members in a little over a year. I help promote other people, we celebrate other women often, and truly practice collaboration over competition. I think that I have grown such a strong following not only because I create good, logical, content, but I have created a trusted brand that is uplifting, but also fun.” – Dana Malstaff
3. The four-term President of the N.Y.S.E., Richard Whitney, was a poor manager of his financial affairs, fell into great debt, and in turning to embezzling, well only served 3-years in jail (in law, like everything else, you get what you pay for).
Module 4: How to Generate Million Dollar Ideas Every 60 Seconds – This involves thinking big – and often outside your comfort zone. But even if this makes you feel uneasy right now, Million Dollar Business Secrets shows you how this is a truly learnable skill, allowing you to uncover previously un-thought of opportunities with huge money making potential.
The people who saw the potential in Bitcoin invested very early on in the life of that currency, made their money, and moved on to the next opportunity. They weren’t like everyone else trying to invest when Bitcoin hit US$5,000 or $10,000.
Rule #5. Blogging is not about money. Blogging is about trust. You don’t sell ads on your blog (rarely), you don’t get the big book deal (rarely), but you do build trust and this leads to opportunities. My own blog has made me a total of zero cents but has created millions in opportunities. In Bryan’s case it led to more inflow and his biggest early opportunity.
The challenge with discovering a successful strategy, is that it’s often hidden. We can see the tactics successful business owners use, because they are visible. However, discovering the strategies behind those tactics takes a lot more detective work. Fortunately, many of the world’s most successful business owners have written books on how they did it. Others are often interviewed, allowing us insights into the strategies they use or have used.
Yet another great episode. Kudos to you Lewis! I really liked your explanation about the importance of learning to sale. I used to explain to my team that Sales is less about being “salesy” and more about 1. providing and building value 2. Educating and of course 3. Asking for the order. At the end of the day, we all just want to have enough information to make an informed decision on whether something makes sense for us to purchase at that time. ¡Viva España!
The ICO market isn’t heavily regulated right now, so it’s a little bit of a digital Wild West. But this means there’s the potential for earning absolutely ridiculous returns. You might only hit a home run with 1-in-3 of your ICO investments, so there is risk involved. But possibile returns of up to 700% means the risk can be more than worth it.
The world’s most successful people are intense learners. They are hard readers. They know that what they know determines how well they see the world. They know that what they know determines the quality of relationships they can have and the quality of work they can do.
gupta4sunil gullfam hi my name is Harold and id like to barrow 1million dollars to invest into a compony I will pay bake within 5 years garenteed thankyou my friend my ph # is 1-907-795-3123 email is [email protected] or [email protected] I’m into the mobe project if you reply back I will tell you about it iff you don’t know & thank you iv lived in Alaska for 35 year I have 5 kids that I need to take care of so a plane to become very rich for my kids and me . I have a lot of thoughts and plans thank you your friend harold
So I called Bryan Johnson, who started a company called Braintree. You might not have heard of Braintree but you’ve heard of their customers. They provide credit card transactions or payment services for companies like OpenTable, Uber, Airbnb, etc.
Not Harv. He offers a unique form of hard-hitting coaching – and as a Million Dollar Business Secrets student, you’ll get a dose of his “tough love” on this 90-minute group coaching call. Use the time to ask him your biggest question or get advice on your top challenge … or sit back and learn from others’ experience in the hot seat.
– If I could do it all over again I’d just build a list without a site. So many people are concerned with creating a site that they forget the most important thing is building a list. Even when people do have their site up and running they forget to have a place for people to opt in. The site almost becomes pointless when this happens.
Attracting a great team of people who work “virtually” on a contract basis can help you to expand the reach of your company without the high overhead that comes with running a corporate headquarters staffed with full timers.
Truly, it is not a business for the rookies, but for those who have cut their teeth and tried their hands on low risk and small investment options. In case you weren’t told, establishing a venture capital firm is akin to exposing yourself to risk. As a venture capitalist, you are expected to use investors’ money to fund entrepreneurs and their ideas.
I’ve never spoken with Bryan before. I am not an investor in Braintree. As far as I know I’m not even an investor (unfortunately) in any of the clients of Braintree. I like to call people who I think have interesting stories and hear what they have to say. That’s the way I build my network of not only financial contacts but potential friends. I’m shy and ugly and don’t have many friends.
An extra and practical way that an aspiring entrepreneur can legally make a million US dollars in one year from the scratch is to start an advertising and branding company. The innovation in the advertising and branding industry is evolving and new windows for both conventional and unconventional style of advertising are opening up. Advertisers will do all they can to catch up with their target market. If you are lucky to consistently execute good advertising and branding deals, you are likely going to make a million US dollars in one year.
For example: My wife is a very good Amazon customer and spends several thousand there every year. We have deliveries from Amazon every week, often 2 or 3 times. Do you have any idea how big a problem it would be for Amazon, if my wife stopped shopping with them? None. Zilch. Zero. That’s because Amazon has a massive number of customers. They can afford, literally, to lose 50,000 people who spend just as much as my wife, without breaking a sweat.
The long-term average annual return of the U.S. stock market is about 10 percent per year. Using a handy statistical tool known as the “Rule of 72,” you can calculate that a 10 percent annual return will double your investment just about every 7.2 years. So, can this power of compounding returns turn $500 into $1 million? If you’ve got the time, it certainly can.
Earn money, spend less than you earn, save, invest, repeat the process. Embrace the Millionaire Mindset. After that it’s just a matter of time. Even if it takes years or decades, the process really is that simple. Of course, it may not seem as easy as I laid it out here, but it really is. Remember, this is not an overnight get rich quick scheme. It takes time, planning, and a little luck along the way.
Although forex trading is highly risky, it is one of the easiest means of making a million US dollars in one year from the scratch. The truth is that, if you are able to effectively learn how to trade forex perhaps from dummy trading platforms, you can start trading with minimal cash and build it to a million US dollars in less than a year if you are careful and tactical in your trading approach. So if you are looking towards legally making a million US dollars in one year, then one of your best options is to learn how to trade forex.
Everyone wants to be a millionaire but today nobody wants to work at it. This is the age of “pass the blame” for all your problems. Becoming a millionaire is going to take more than just savings and luck, you’re gonna need a good support system behind you to keep you focused nowadays and maybe a friend named warren buffett won’t hurt.
Rental income is the easier choice to make here if you just want passive income. The issue is that making a million dollars from rental income would involve buying multiple properties. You’d have to scale to a level that requires you to hire people to manage your properties. The more people you hire, the less positive cash flow you have each month. You could quite easily create a full-time job for yourself, without ever meaning to.
Want to become a millionaire? Making it happen in the next five years doesn’t have to be a fantasy. That’s the view of Steve Siebold, 50, author of How Rich People Think. Siebold, a self-made millionaire who consults for corporate sales teams and gives speeches across the country, says that in fact, people over 50 have the advantage when it comes to getting rich. That’s right: 50 is the new 40.
That kind of treatment puts people in a defensive crouch and they start subconsciously checking part of their self-image at the door before they go into work. And it means that if they have an out-of-the-box idea for the team, they may think twice before sharing it, out of fear it will be dismissed. In this kind of environment, innovation is hard, if not impossible.
A 401k is a powerful retirement account offered to you by your employer. With each pay period, you put a portion of your pre-tax paycheck into the account. That means you’re able to invest more money into a 401k than you would a regular investment account.
Rule No. 4: Build Trust While You Sleep. This rule is often “Make Money While You Sleep.” But Bryan already was making money while he slept. He was making money on every credit card purchase with his first 10 customers.
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I’m 27 years old, I am married to a doctor in residency, just bought our first condo in boston have a roth account a 401k some precios metals. I want to be doing so much more but kind of stuck not knowing what to do next. We are working on paying off debt from my wife’s med school and the condo. Does anyone have any advice? I have a finnacial advisor also and he just tells me to keep investing! I need more direction then that! I’m 27 there’s a lot to learn still…. I’m currently working on making more money at my job just have to wait for the big promotion. Please help?? Thanks guys
Step one. Figure out an area that is “hot”. For instance, Facebook marketing is inning one. Better tests for personalized diagnostics of age-related diseases is in inning one. Understanding the root causes of depression is in inning one. Combining mobile with social is in inning one. Self-publishing your book and marketing it is in inning one. There are probably 30 more areas I’m neglecting to mention. Maybe 100. Or 1000. Start listing them today.
Get started. If you want to become a millionaire, you need to decide to do it and get started. If you are not be able to save money right now because of debt or other financial obligations, you should work on those issues first. A good place to start is with Dave Ramsey’s Baby Steps. This is a tried and true method for setting up an emergency fund, paying down debt, and beginning your investments. Once you have that started, you can begin your million dollar journey.
I truly believe that if you want to attain the status of being a millionaire, one must make the necessary adjustments in life. The status of being a millionaire entails a lot of sacrifices but what is more realistic is that it is achievable and doable. More than anything else, be a millionaire for it takes to be one – frugal, investment conscious, earning more than what you spend, paying yourself first, diversifying your investments by not putting all your eggs in one basket alone, intuitive, resourcefull, sound knowledge in financial language and accounts, passionate, loves what you are doing, charitable, innovative, seizing initiatives in the market plays, delaying instant gratification and always never sacrificing the needs of your family in terms of financial needs and matters.
Not only has he netted over 400 million bucks in revenue, become a millionaire in a record breaking short amount of time, and found and sold one of the largest personal success training companies in the world, but he’s helped shape the lives and business fortunes of over 1.5 million students in 36 countries around the globe.
Not only that, but when you think about your 10X goal, you’ll probably have ideas that scare you. When you do work that scares you, you cross a boundary that most people never cross. Scary work is often highly profitable and valuable work.
If you want to do something extremely well, you need to surround yourself with the right mentors. Anything that you’ll ever do well will be the result of high quality mentoring. If you suck at something, it’s because you haven’t received quality mentoring in that thing.
Folks, don’t confuse simple with easy. The principle of ‘spend less than you earn’ is indeed simple. But, like many other things, it isn’t easy; our current media inundation with advertising which begs, cajoles, pleads, ridicules, and browbeats us to spend, spend, spend makes it especially difficult to exercise the self-discipline required to abide by the principle.
Another practical way that an aspiring entrepreneur can legally make a million US dollar in one year from the scratch is to open a filling station. Just ensure that your filling station / chains of filling stations are well located in a busy road so as to steadily attract customers 24 hours in day. With that you can be certain that you will make a million US dollars if your business projections are right and all other business factors work in your favor.
Thank you for the reminder to just get started. I was sitting here worry about a rebrand and a ton of tiny details. I needed a kick-in-the-pants to get back to writing and adding value. Your podcast was very inspiring!
“When I first started, for each new customer we’d put together an entire package for our credit card processor on why we thought the customer could be trusted and would be a legitimate merchant.” Which leads to…
If you try to appeal to everyone, your message, marketing, and products will be terrible. You won’t be clear on your why, and neither will anyone else. Thus, you’ll be average like everyone else and your work won’t stand out.
Last but not least, another concrete way to make a million US dollars in one year from the scratch is to start a property makeover and sale business. If you want to increase the market value of your property, then you should hire the services of a property makeover company.
Probably the ultimate speculative path to $1 million is via buying lottery tickets. While you’re far more likely to be hit by lightning than to win the lottery — National Geographic pegs the odds of winning the $1 million Mega Millions second-prize at 1 in 18.5 million — a small investment in a winning lottery ticket could easily push you over the magical $1 million mark. Of course, nothing is impossible. One Canadian man was both hit by lightning and won $1 million in the lottery.