I advocate for the Tim Ferris, multiple income stream strategy. It’s important to have a diversified portfolio and automatic income streams that supplement your basic income earned through work. Selecting the best investment and income streams requires a person do the research, but very basic strategies can be employed that grow the money nest. I think the article is right to say it’s better to earn rather than save more than you spend, because saving money can depend on very specific contexts, while earning money tends to be more predictive. Good article.
But while you can’t know if you will get lucky, you can certainly set yourself up to take advantage of luck if it happens, or if it doesn’t, your investments will continue to grow consistently over the long-term. Alright, let’s check out my investments and portfolio growth from back in the day when I was able to go from $2.26 to over $1 million saved in 5 years.
If you want to get 10X or 100X the results of other people in your field, you need to develop strategic “win-win” partnerships. This generally happens when you devise a plan where your skill sets and assets merge with the skill sets and assets of someone else.
Many of us are now openly aware, thanks to Susan Cain’s wonderful book, that the world has been in favor of the gregarious ideal for quite a while now. Although social opinions may be slowly shifting, we are far from striking a balance.
Be tenacious. Success requires an ability to keep getting up after failures. There will be plenty of failures as you try to find the best ways to make a million or more. This isn’t about the safety net of an average salary and the boss’s orders being met each day. To become a millionaire, you have to be prepared to make decisions that won’t always succeed but if the risks aren’t taken, then the potential for success won’t be realized either.
You then place your name and address at the bottom of the list at the # 6th position and email it to your friends as well as post this message (with your email address in the list) to at least 200 newsgroups.
Think of a rocket blasting off into space. A course correction of a single degree can mean the difference between landing at the International Space Station and colliding with the sun. In the same way, a course correction in your life, starting today, can result in a massively different future than before.
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Depending on how much you make, this may not seem like much at first. But give it time, and it will add up quickly. Before you know it, your investments will be producing more annual income than your job. This is how investing creates millionaires.
Make more profits from existing customers. The fastest way to increase your income is to sell more products and services to your existing customers. Find ways to add even more value, and offer the products and services to your existing customer base.
Not just anyone can be your mentor. You really have to see if both of you have the synergy as a mentor and a mentee. You guys won’t be talking about business 24/7, so you guys should have things in common that both of you like. For example: both of you like to play basketball or soccer and that is another way you guys can connect.
Sell baked goods. Working parents might not have the time to whip up a birthday cake or cupcakes for school parties. That’s where you come in if you can create tasty baked goods. A friend of mine who is a single mom started making cupcakes as a way to keep herself occupied while staying with her dad when he was undergoing chemotherapy. She posted a picture of her cupcakes on Facebook and instantly received several orders from friends. Now she makes about $200 a month making cupcakes for others who hear about her through word of mouth or see pictures of her cupcakes on her Facebook page.
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Rich people are typically self-employed and determine the size of their own paycheck, Siebold writes: “It’s not that there aren’t world-class performers who punch a time clock for a paycheck, but for most this is the slowest path to prosperity, promoted as the safest. The great ones know self-employment is the fastest road to wealth.”
i want to begin this online earnings. but i have no money to start up. Can you please send me list of websites to start with free registration. even if they may pay less. but sooner. i am b.tech(electrical) graduate but unemployed how to become a youtube millionaire poor. please guide as a mentor.