Remember the analogy that success is an iceberg? No one sees all the blood, sweat and tears of those who have “made it” to the top, but the sacrifices are always there. There is no way around this either. It comes with the territory.
As the market’s performance since the financial crisis underscores, taking advantage of big declines to buy stocks can pay off handsomely. Few of us will be lucky enough to time the next big upward move perfectly. What’s key is that the more share prices drop, the greater the future opportunity. So one way to boost your gains is to set thresholds for buying on the dips. You could do so after a decline of 10%, for example. And if stock prices fall another 10%, buy more.
Here’s the truth no one wants to talk about: Learning how to make money can improve your finances in ways that saving money simply cannot. There are only so many ways to save, but there are an unlimited number of ways to earn extra money you can use to pay down debt, save for the future, or actually have some fun.
I appreciate your kind words. Thank you. My Millionaire Mentor is nothing like what it pretends to be. It’s not a generous millionaire offering to help you become a millionaire too. It’s all a lie told by a charlatan trying to steal your money.
Sure it takes time and effort to figure what opportunity is right for you, learn the market, and set up the business. And there will be plenty of trial and error as you figure things out. But at least you won’t have sunk a bunch of money into it.
Have a frugal start up. There is much talk about “looking the part”. There isn’t much point looking the part if it cost an arm and a leg to get it and you lack clients to pay for it. Get yourself a fabulous suit that is worn every day and makes you feel confident and ready to meet people but be very careful with your office fit-out and other business elements. Here are some ideas to help you initially:
I make good money thieving. I only work a few hours a night, and you can make anything from a few hundred quid to a few thousand quid. You’ve got to have a bit of bottle and be able to look after yourself. If you think you’ve got thr guts to do it? I highly recommend it, I mean it’s got to be better that spending hour after hour on a PC, making small chance, how boring is that?
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Find your business sweet spot. There are only three pieces to this. First, know your strengths that are unique to you, or at least where you can add unique value. Then find a market, a group of people, who want what you have to offer. Finally, you have to make sure those people will pay money for what you have to offer.
Taking surveys in your spare time can be a great way to earn some extra dough fast. Check out Survey Junkie which will pay you instantly with cash via Paypal. They have over 6,000,000 members and they have an 8.9/10 rating on Trust Pilot.
The saying, “a penny saved is a penny earned,” isn’t just a play on words; it’s absolutely true. While there may be an emotional or intellectual distinction, your pocketbook doesn’t know the difference. And at the end of the day, all dollars earned or saved spend the same way.
I’m saying you need to keep learning from other entrepreneurs, going through courses in branding, reading about investing, etc. If you just aim to become a little bit smarter by the end of every day, you will always make progress and keep from losing your edge.
At roughly 200 pages of material, this book is a potential quick read. But, please don’t assume that this is a negative; Mr. Kennedy’s book got me thinking about ideas that laid dormant in my mind for quite some time. Although a little dated with regards to technology (the book was written mid-90s, so bear in mind what was happening with the internet). Having said that, I believe this how to become a millionaire reddit the reader to keep on track with ideas and how to bring them to fruition, as opposed to being submitted to the ins/outs of website creation and PPC advertising.
“I couldn’t take work off to spend time with them for a significant amount,” she recalls. “That’s when I realized that I need more control in my life. Even if things are good, if I don’t have the freedom to spend with the people I love then I can’t do this.”