“how to be a lowkey millionaire -how much to save to become a millionaire”

If you have a great deal invested in your house, remember, listed homes and other property can take anywhere from two weeks to more than a year to sell. Ask any agent who sold homes back in the 1980s, when prime interest rates were averaging over 11%! Still, property seems to be a priority. In 2005, the household savings rate averaged a meager 2.69% (the rate had been roughly declining from 13% since the 1970s). Is this because Americans are putting too much of their savings into their homes or are we just bad at saving money?

Starting an exporting and importing business is yet another practical way which an aspiring entrepreneur can legally make a million US dollars in one year from the scratch. There are loads of stuffs that you can start exporting from your country and of course there are loads of stuffs that you can as well import from other countries into your country. All you need to do is to conduct a thorough market survey and feasibility studies to know the goods that you can start exporting or importing that can yield the kind of returns that you want.

• Open Checking account and, through it, set up 1 direct deposit (for 3 months) or 1 Pre-authorized Withdrawal , either of which goes through before May 31st (https://www.tangerine.ca/en/landing-…tch/index.html & RFD Thread), get $100

Individual retirement accounts are available to those individuals with qualified compensation. Traditional and Roth IRAs are funded with after-tax dollars. However, if your income level qualifies, you can receive a tax deduction for contributions to your traditional IRA. The major difference between the two IRAs is that earnings in the Traditional IRA grow tax-deferred, while those in the Roth IRA grow tax-free. (For a more detailed comparison, see Roth Or Traditional IRA … Which Is The Better Choice?)

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.

Personal finance must be mastered if you are going to succeed at either of the other two categories, business or real estate. Without a firm grasp on your personal finance, you’ll shoot the cow before it begins producing milk.

InboxDollars – InboxDollars is similar to Swagbucks, since you’re going to be taking surveys, shopping, etc., so if you want to maximize your return, sign up with both websites. They also offer a search engine that pays you (like Swagbucks) and you get $5 just for signing up.  I won’t continue to list survey sites one after another down the list, but if you want to get paid to take surveys, also check out GlobalTestMarket, E-Poll Surveys and Survey Club.

If you have a good idea for an app, and the skills to create it, then producing your own premium app can be profitable. However, with so many free apps available, it may be hard to convince people to pay. If you want to go down the premium app route, consider having a basic free version to encourage people to download the app in the first place. You can then provide the option of upgrading to a premium plan once users realize how useful the app is.

A little long winded but just stay with me… My wife and I came to the US (to a small farm community in northern CA) as an immigrant 35yrs ago with 3 young kids (1yr, 2yr, 3yr olds), no English speaking skills, just a 3rd world high school education (which is probably equivalent to an 8th grade education here), no marketable skills, and just enough money for the plane ticket here and a 4yr old car when we got here. We first stayed with my sister in law and her husband for about 4 months while my wife and I worked in the fields in the summer harvesting fruit. After scrimping and saving we found our own old and broken down rental out in a peach orchard – it was the only one we could afford that would allow us to save. We continued working in the fields each summer thereafter and, as our 3 children grew , they helped working in the fields on the weekends and summers. Each child started helping out at about the age of 5 yrs old, so we could increase our earnings. The younger ones would play in the field where we worked. The farmers didn’t care, so they let us bring our kids. Over time, we, all 5, would work in the summers harvesting fruit and getting paid for each box filled. We were the slowest among the workers and filled the fewest boxes, but we persevered summer after summer. Then about 4-5 yrs after arriving in the US I got a farm job for the off season but on days it would rain, I didn’t have any work at all, so no pay. We never had health insurance so we tried hard to stay healthy. But at least I was able to earn some more money in addition to the summer earnings. So there we were, about 4-5 yrs after arriving, working in the fields, I made minimum wage with my farm job and my young family making a combined of than minimum wage in the summer (remember how I said we got paid piece work and filled the fewest boxes?) – essentially, one min wage job and another 1/2 min wage job. But we persevered. Our kids would start working weekends at the start of summer and miss the 1st 2 weeks of school at the start just to get that extra income before the summer came to a close each year. But we all pulled together, saved for enough of a down pmt on a small house in town so we could afford the mortgage pmt and still be able to save. We splurged here and there (eating out a few times a year, buying a few nice things and keeping them FOREVER (new TV, new car, new furniture, new appliances), new clothes for school each year (never the trendy ones though – they cost too much – the kids knew how hard it was to earn a buck so they were happy for just the new clothes even if they weren’t trendy). Needless to say, we didn’t 1) buy morning coffees, 2) go out to lunch, 3) take vacations, 4) Waste stuff only to have to buy a replacement, 4) waste money on junk food, only the nutritional basics (we just couldn’t afford to do that AND save some for when there was no work due to rain). We ran into some medical problems, needing a few surgeries that ended up costing as much as a new car each time. But we needed it, didn’t have insurance, and had the savings so we had to pay. But we still persevered. We lived simply and saved simply. We didn’t get into investing in anything other than CD’s. I couldn’t even begin to understand that stock stuff so I avoided it. This continued for over a decade. Then my kids were in high school and got jobs at fast food so they made min wage – a step up from the field work and we saved their earnings as well. They would work 2 jobs in the summer – fields during the day and fast food during the evening/night – it was tough but it was only for the summer. As time went on, our WHOLE FAMILY COMBINED, FINALLY STARTED EARNING maybe about 2/3 of what an elementary school teacher earned (my uncle was one and I remember him alone earning more than our whole family earned). But we persevered. While my kids were in high school, we saved and eventually bought a bigger and nicer house in a nicer neighborhood and eventually paid it off. I still made min wage, wife worked doing seasonal work, kids help on weekends/summers. My kids went to a local community college and drove from home each day – the traditional going away to college was WAY TOO EXPENSIVE. All 3 still worked weekends fast food and both, fast food and field work, during summers. I still earned min wage and my wife worked seasonal during the summers. With a few scholarships, financial aid, we were able to pay for college. They then transferred to a nearby university, still drove each day from home to college, while maintaining the weekend/summer work. Again, with a little from scholarship, some financial aid, and working ALOT we paid for their college. Upon finishing college, all 3 moved out to where the jobs were. I still worked min wage, my wife, seasonal work. But we saved and didn’t waste it and lived simple lives. We then bought a bigger house, paid cash, in a nicer neighbor hood (with doctors, dentists, and pharmacists as neighbors) but we still live the same, no reason to change lifestyles. We also have enough for retirement but we continue to work. My neighbors don’t believe I work in the fields. I don’t care, it’s not my job to make them believe. To make a long story even longer, my WHOLE point is that you can STILL DO IT EARNING MIN WAGE! You don’t have to go as extreme as we did but you CAN STILL DO SOMETHING TO GAIN WEALTH! People who will NEVER have any wealth will only focus on excuses and come up with ALL kinds of holes and weaknesses in my story. People who WILL generate wealth will see the same story and come away encouraged to do better.

Car dealership business is yet another practical ways that an aspiring entrepreneur can successfully make a million US dollars in one year from the scratch. This is how it works, if you are able to establish a car dealership business in an area that enjoys high patronage or you are able to seal a deal to supply a company trucks, buses or cars, you can successfully make a million US dollars from the deal without much stress. Besides if you consistently sell your cars, whether offline or via online car dealership store you are likely going to make at least a million US dollars especially if you deal in luxury cars et al.

You can do the same, but you can do it by selling real products from sites people already buying from like Amazon or Aliexpress for example. This is totally legit and you do not have to lie to anyone about the products, because the “customers” was looking for the product in the first place.

So if your self-imposed deadline for achieving $1 million (or any financial goal) is tight, instead of banking on optimistic returns, you’re better off trying to boost your savings as much as possible. Then invest in a balanced mix of 50% stocks and 50% bonds that can be expected to beat inflation by a modest two or three percentage points a year.

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:

We’re talking about quick and easy way you can make a little cash whenever you have a few minutes free. Enough to pay for your daily cup of Joe, or get you a few free Amazon gift cards here and there.

“Give yourself permission to do something extraordinary on planet earth.” This was one of the parting statements as I rounded out my chat with Dr. Demartini. Many people are afraid to take financial risks that could lead to everyday happiness and stability, while other people are tied to material “happiness” that they feel defines their success: the more they have, the more successful they feel. At the end of the day, you will find that inspiration and happiness will not last long in material goods, but you’ll definitely always find it in people and experiences. When you do figure out what you love, you’ll notice that you’ll wake up every morning inspired and ready to start your workday. Discipline is not required when you are intrinsically motivated by something that inspires you every day. Allowing yourself to value financial success because you are worthy of it, and achieving this success through doing something you love, which inspires you and which serves others, will allow you to “awaken your genius!”

“Stay in your niche,” Shannon suggests. “We had a few instances where we veered from the niche and we paid for it dearly. It might feel cheesy to sit down and figure out what your target market is or what your goals are for the company, but you have to do that. All that legwork needs to be done upfront. It’s just practical.”

Keep finances a priority. Write financial goals down and refer to these regularly. To stay interested in financial projects, write reminders and put them where they will be seen every day – for instance, on the bathroom mirror or the dashboard of your car.

From there, I continued that hustle into the launch of my blog. I also launched a YouTube channel and a podcast shortly after. From there, I kept on hustling and eventually wrote my first book, Soldier of Finance.

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