Decide on your exit strategy. The simplest way to make $1 million is to create a business, an asset that you can sell. People will often pay two times the annual earnings for a business. That means a $500,000 a year business can be sold for $1 million. That beaks down to having a business that makes roughly $40,000 per month.
In theory, a disclaimer that the results are not guaranteed is normal for a training program. But My Millionaire Mentor is not training program. And what’s concerning is how they lie to you in the sales video, saying you will be making money easily and automatically using their program. When in reality, they say at least 5 times in their disclaimer that you have absolutely no guarantee of making any money. That’s because they want to be free of any legal responsibility once you buy their scam. And what about all these real people *cough* actors *cough* saying they made all this money using their program? Well it’s written black on white in the disclaimer: “examples of the product owner’s and other person’s results do not represent an indication of future success or earnings”.
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.
Even if we end up building these lives for ourselves, we forget that all life comes with suffering, and anyone who experiences great success will also have moments of frustration and perceived failure.
Who did it: Quirky founder Ben Kaufman told Inc that Jake Zien would be the site’s first millionaire in December. “Kaufman claims, in fact, that Zien should make $1 million in Pivot Power royalties in 2013 alone, and then every year after, because the product is branching out into an entire line of Pivot Powers. There’s a mini edition, a rugged version, and versions for various foreign power-outlet configurations,” Inc’s Josh Dean writes.
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There are software developers who have been able to hit the one million US dollars mark in one year simply because they were able to develop software applications that are universally accepted and used in all counties of the world. So if you are looking for practical ways to legally make one million US dollars in one year from the scratch, then one of your options is to start developing software applications. You can be lucky to develop software applications that will gain sell globally. With that, you can comfortably make a million US dollars in one year from the scratch.
Open Money Market Accounts (MMAs). These accounts require a higher minimum amount than regular savings accounts, but accrue twice the rate of interest of a savings account. High-yield MMAs are somewhat risky–withdrawing the money and affecting its investments are limited–but it’s a good way to allow money to grow by doing, essentially, nothing.
Pay off your credit card debt. It’s hard to get ahead with debts hanging over head. Student loans and credit card debt should be paid off as soon as possible. Average annual percentage rates vary between 20% and 30%, so the balance will continue growing.
Disclaimer: All content on this website is based on individual experience and journalistic research. It does not constitute financial advice. Save the Student and its authors are not liable for how tips are used, nor for content and services on external websites. Common sense should never be neglected!
When talking to Stone, I got to know more about his background and what’s even more fascinating is that he went to school and is a mechanical engineer by trade who started an engineering firm called Treadstone Performance Engineering that still exists today. Starting an engineering firm is pretty different than being an online marketer or influencer.
A few weeks ago I wrote a post about how this was the year you had to quit your job. I gave the reasons why. It wasn’t a gung-ho “you have to be an entrepreneur” article. It was more: bad shit is happening in the corporate world and bit by bit you’re going to feel the urge to quit.
#8 phheeww. This took awhile to get to. And a lot of hours. And that’s why freelance writing is in extremely high demand. Blogs need content – every. single. day. And business owners simply don’t have the time to research, plan, and post a new article everyday. If you have a skill with words – you can easily start off making money at around $15/hr as a freelance writer. The bigger companies you score deals with – those rates can go up to $100/hr…for writing 🙂
My Millionaire Mentor is long on promises and short of results. The sales page is insulting to anyone with a brain. Clearly, My Millionaire Mentor is trying to appeal to people who believe they can get rich quick and easily. It’s good to see you are not one of them. I tried my hand at MLM several times before I realized it leads nowhere.
The Key is to know the basic steps to take on a daily basis. By mastering the “3 Proven Steps“ I have earned a fortune. Not only that, I have created a successful team of people who produce unbelievable results as well! Many are 6 and 7 figure earners!
Next, consider contributing money toward a Roth IRA or traditional IRA, individual retirement accounts with different contribution limits and tax structures — which one you can use depends on your income. If you still have money left over, you can research low-cost index funds, which Warren Buffett recommends, and look into the online-investment platforms known as “robo-advisers.”
Finally, there are some companies that will hire you to work from the comfort of your own home. If you’re interested in working for someone else, while still making your own schedule and deciding where to work from, here are a few companies that will let you do just that:
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.
UserTesting hires contractors to try out websites and provide feedback through videos. Companies use this as a way to see how well their sites work and test new re-designs. Workers typically get paid $10 per test. Some testers report that opportunities can be sporadic and competitive. But as a recurring gig, UserTesting can be a real boon for people who are already online.
One good thing about government contracts is that you might not need to finance the project with your money; you can serve as the middleman between the government and the company that will do the job and still make your cool one million US dollars or more within a year.
Fiverr.com is a micro freelancing site where you can sell any kind of service, from graphic design and coding to writing, signing, drawing, taking pictures of yourself holding a sign, prank calling someone and so on.
I send out tons of FREE information in a weekly newsletter to my students and other millionaires (and millionaires in the making). It’s called the “Millionaire Maker” newsletter and I want you to be one of the special people who receive it.
CheckPoints: The company rewards you with points and rewards for scanning items, checking in at different stores, playing games, or completing offers. Points can be redeemed for discounts, gift cards, or products.
I am a software developer, and to be honest, the only reason “marketing” is a thing, is because fortunately for marketers, there are too many uneducated people in this world. Half-smart people (marketers) are using brain dead (average people) for their benefit – as how they become millionaires, which is really sad, and I don’t know how is this even legal.
Don’t be greedy. Pay yourself and your bankers the industry-standard compensation ratio of 50% of revenue. Your revenue was $400 million, so that creates a $200 million bonus pool. Pay each of your unemployed friends bankers, say, $1 million. And give the rest for being such a smart entrepreneur and creating all the jobs and value.
It is possible to make good money with the internet and some people do make millions, but they work for it and they learn to leverage the power of the internet to their advantage. It takes skill, commitment and patience, but it can be done honestly.