Is becoming a millionaire on your bucket list? If so, you’re reading just the right article. Every budding entrepreneur who’s looking to build a successful business needs a mentor. In order to find someone who’s already hit the bull’s eye in the business world, you need to network in the right places. If you have a millionaire mentor, you’re already at an advantage. But how do you get one? The easiest answer to that question is to hang out with successful people who will accelerate your personal and professional growth. Millionaires constantly get hit up by people who want their time and money but have nothing to offer in return. If you want a millionaire to support you, you need to first and foremost prove your worth to him/her. Here are three ways in which you can land yourself a millionaire mentor.
These allow you to invest additional funds after you have maximized all of your retirement account options. Brokerage (cash) accounts can also serve as good savings vehicles for a particular goal, such as a home or yacht. Be aware, you’ll need to pay taxes on the income generated in these accounts in the year that it is paid. (For further reading on how finding a broker, see Brokers and Online Trading.)
So like I mentioned above I’ve got mixed thoughts about My Millionaire Mentor and the reason is because this is not really a product, it’s just a sales system for MOBE. I recently wrote my review of MOBE here which is a direct sales business and gave it a positive review because the company is definitely not a scam. However I’m tempted to say My Millionaire Mentor is a scam because the sales video and everything claimed is not really accurate.
So consider this strategy: In each ETF you trade, build a $62,500 position, which would represent one-eighth of your portfolio. A 20% gain on the position would score a profit of $12,500, boosting your portfolio account by 2.5 percentage points. Accumulate 40 such winning trades over time, and you’ve netted a half million in profits, minus your trading losses and commissions.
The historically hard-to-break world of investing in stock markets and currencies has been cracked wide open. Today there is no need to be a fat cat or fund the yachts of Wolf of Wall Street style stock brokers. You can do it all yourself with the help of online market trading platforms.
The Clickworker.com concept is based on ‘internet crowd-sourcing’ where businesses advertise specific, scalable tasks they need completing quickly. And for us, it’s an easy way to make fast cash from our couch.
Maria Peevey created a women’s lifestyle brand company and decided to add pet clothing which grew into 99% of sales. Then two women take over Two Men and a Truck and turn it into a successful franchise. Then a bar conversation turned into a million dollar company, Vita Coco.
all your advice works. i know because i have followed those steps since my early to mid-20s when, as a self-employed freelance journalist, i opened what was then called a keough account. those were pre-cursors of today’s ira’s. i always socked the limit into those, and soon opened an ira, as well as a 401k and a roth when they became available. i also opened fidelity and later, vanguard, mutual fund accounts. i always saved more than i spent, probably at least half my pay, which was never higher than about $65k during all the years i worked in journalism. true, my friends always liked to joke that i was “cheap,” but who’s laughing now? i crossed the $1m line in late 04, quit full-time work at age 51 and do exactly as i please with myself today, which is mainly being a semi-pro musician, the career the i almost established when i was in college. mercifully, i don’t have to live off it today. my main advice is to avoid credit-card debt. i am always astonished by how much people carry. ive never carried any. my debts are always limited to mortgage and, at times, car loans. i could own fancier cars and houses, but i have never felt the need, unlike my cash rich, but investment-poor friends. i live off corporate junk bonds today, plus music and random freelancing. my goal is to get to about $1.5m, get 80 percennt out of today’s way too unstable stock market, and live off mostly fixed income investments. way down the road, ill add social security, and a pension from the 25-years-plus i worked in newspapers. it can be done. the millionaire-next-door exists all around us.
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”.
I listened to this, and watched the video interview in regards to your story. Really liked it man. My story is somewhat similar. As a junior I was one of the highest ranked tennis players in Hawaii, and was on my way to a D1 scholarship, and then maybe some pros… but I decided to take a year off to train… and in that year, totally burned myself out by overtraining and drinking too much caffeine.
If you think it is that expensive to host a site you have to do some research, you do not have to pay that much. There are companies that host unlimited sites for about $5 – $7, Hostgator for example.
If you’re hungry and you like chicken, buy four pre-cooked Chickens at Costco at the end of the day, when they go on sale. Sometimes they’ll drop from $5 each to $2.50 each, meaning that you get at least ten hearty meals for about $1 each! Freeze any chickens that you don’t eat immediately.
You go to work to make money, period. Of course, there are other benefits from working, such as helping people and the community, but money is at the base of all work. We live on an economic planet, not a love planet. Sorry, but you can’t pay for things with hugs. Any business that accepts hugs will soon be out of business and no longer be helping people.
Do you really think that by becoming rich, you will gain something other than money? What will you do with the money after earning it? Save more money by strangling your happiness? Everyone has a destiny, so we should leave our fortune up to it. If we are already bestowed with so much happiness already, why destroy it just for the greed of money? Remember this, by becoming millionaires, greed for more will always be there. These 5 steps listed above in the article sure seem easy to do, but the author has not given full justice. Although they have simplified the ong journey in 5 simple step, they haven’t listed all the difficulties that need to be faced in this journey. If we are destined to such fortune than let it come to us. Somewhere within everyone is rich, maybe not in money, but atleast from the heart…
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.
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Not a millionaire yet? Don’t get discouraged. This level of wealth is attainable within a lifetime. By making smart financial decisions and following a road map that includes a few key strategies, it’s entirely possible to become a millionaire. It also means https://youtu.be/sQbQpCIVY14 need to live beneath your means, which is a far cry from the millionaire lifestyle many of us have become conditioned to expect.
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Great guide. Very motivational. It’s funny to hear you mention Jim Rohn. I ran across some of his work. That is what led me to start working harder on my future real estate investments. I started trying to educate myself more ant that led me to find Bigger Pockets. I have three rent properties but until recently I guess I had lost steam. It good to read post like yours . Thanks
Stop watching TV. But everyone watches TV. Yes, couch potato the third, that’s why so few ever become millionaires. While you are watching TV, your competition, the more successful and the people you envy are all making money. Stop watching TV. In fact, cancel it if you always give in.
So, exactly how much should you save annually for your retirement? Although there is no correct answer here, most financial planners will tell you that you should be saving around 15 to 20% of your annual gross income. This figure may sound unattainable for many, but suppose your employer matches contributions of up to 6% of your salary – now you need to save only 9%!
Take care of your health. Making money and making good decisions that create more money in your life require that you are in good shape. Keep fit, eat well, and take good care of your body. It is your health that will provide you with the energy and resources needed to keep going on the commitment to becoming a millionaire.
Rent out a room on Airbnb. Living near a tourist area has its perks, including the prospect of renting out a room for a profit. With home sharing sites like Airbnb, you can rent out a room in your home – or even the entire place – for a day, a week, or longer. If you have extra space and might enjoy the company of travelers, renting out a room is great way to earn some extra money with little effort on your part. See our post, “How to Make Money as an AirBNB Host.”