That’s comparable to what a middle-class professional with a good pension plan might expect (though the annuity won’t increase with inflation). It certainly isn’t enough to live the high life we used to associate with millionaires.
Perseverance. To persevere means that you work towards a goal until it is accomplished. If you are going to become a millionaire, you must be committed for the long haul. Consider it a marathon; you can’t just give up two years into the process if you’re on a five year track.
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.
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Running a coupons website can be very lucrative. Find a coupon niche, select a WordPress coupon theme, and then display relevant coupons on your site. When your audience uses the coupon codes or discount links, you will earn an affiliate cut for example you could set-up a site dedicated to iHerb Coupons or add a page to your website with Web Hosting Promo Codes. Coupon websites are quite high maintenance as they need to be constantly updated with new offers. However, if you build up an engaged audience and allow them to post coupons and discounts they have found themselves, then quite quickly your workload will reduce.
What an inspirational podcast Lewis! This is my first time on your site and first podcast and the amount of knowledge that I have taken in is unbelievable. It’s funny, as I listened to the podcast, I kept saying your so right Lewis, yup your right about that too… The perfectionist in me is what is holding me back, and after your podcast, no more. Going to set a deadline date this year to roll out my product, will learn as much as I can from others and invest in myself. You have gained a lifetime follower of your work. Thank you for being awesome and talented. Enjoy Spain!
If you haven’t heard of a transcriptionist as a job position – don’t worry – neither did I . Basically it’s just someone who types out the transcription of audio files. Turns out it’s actually a really great way how to make money online.
The actual product is a free traffic resource that you will have access to when you become a private member. He claims that his clients gladly pay him $1000 to $5,000 for his internet traffic. Members can act as traffic brokers, taking the traffic sent to them and redirecting it to their clients’ websites.
Successful websites can sell for a lot of money. Website’s like Flippa provide a platform to showcase websites to interested buyers. If you are skilled at putting websites together, and know how to drive traffic and build a following, then creating and selling websites might be an effective way for you to make money online.
Thanks Brandon. This is one of the best posts I have read in a long time. It’s exactly what I needed to hear today. have a very thorough and accurate knack for inspiring others by presenting tried and true financial wisdom.
I have a question. I am 24 and I just started selling commercial insurance. My wife and I have about 70 k in student loans which we plan on paying back asap. I am going to have an additional 10k on top of my salary next year which I plan on saving until the end of the year and allocating it as I see fit. Everything I read says “compounding interest is the bomb” but then says “don’t save, pay down debt”. Now, I hate debt but I want to take full advantage of our young age and compounding interest. What would you recommend I do with extra 10k if we already put and extra $200 towards debt a month and we have an emegency fund in place? Fully Fund our IRA’s for the year or pay down a loan? I feel like there is no right or wrong answer. Your thoughts?
This isn’t about finding fair weather friends who are happy for you when you have a great accomplishment and disappear in times of trouble. You need to build this strong network and ecosystem which will support you in times of need and through times of plenty.
Buy and sell stocks. The stock market may be a good place to increase wealth. Watch the markets carefully before buying and pay attention to which stocks are successful. Be informed to make smart purchases. Most stocks appreciate over the long term. Ride out small dips in value and take occasional risks.
Anything worth having is worth waiting for. Your road to millionaire status will likely come with roadblocks and setbacks. Unexpected expenses will occur. Investments will lose money. Your job might change. Accept that these setbacks will occur, and when they do, choose to dust yourself off, get back up and try again. As the old saying goes: There is no failure except in no longer trying (Elbert Hubbard, an American writer, and publisher). Choose to keep trying, in spite of the setbacks, and millionaire status will come.
Creating your own blog can be a very effective way of topping up your monthly income. Or, for those lucky few who have blogs that really take off, it can become your main paycheck. But what are the key ways to make money from a blog?