“how to be a millionaire by 25 how to audition for who wants to be a millionaire”

While it is certainly possible to find that one product that everyone wants and grow rich by selling that product, most successful businesses evolve and grow and, as they make money, reinvest that money in a relentless pursuit of excellence.

A man creates a website that helps people learn about investing in real estate and charges a monthly subscription fee for a Pro membership that gives people access to some of the incredible tools offered on that website. 😉

But, importantly, you also make your website, your online storefront, very attractive in the eyes of Google when you frequently and consistently add useful information in the forms articles, video, and more. That means you appear higher in the search engine rankings (most people don’t go beyond the first page). And that means more people — prospective buyers — make it to your site.

Work for someone from home. Virtual assistances (VAs) can do everything from checking emails and making travel plans to handling internet research or working for their small business.  High-end earners can command $50-$100 an hour.

Talk to me GREATS.  Did you enjoy this episode?  What was the biggest take away for you?  What hit you in the gut and made you realize you weren’t doing something you should be doing?  Or, what was the simple thing I talked about that you already knew you should be doing but aren’t yet?  Share with me how you’re feeling in the comments section below.

Why do you assume anyone that works for a corporation is a slave? There are plenty of good companies out there. Not everyone is cut out to be an entrepreneur. We made our first million by working at companies.

Trader Tim Grittani agrees that trading in and out of these low-cost stocks like he does, often within minutes, is risky. But his $1,500 became a portfolio worth more than $1 million within three years — when he was only 24.

Don’t put all your trust in Social Security. While it’s a good bet that Social Security will continue to work for the next 20 or so years, some data suggest that if Congress how long did it take warren buffett to become a millionaire radically alter the system — either by raising taxes or reducing benefits — Social Security won’t be available in its current form. It is probable, however, that Congress will act to “fix” Social Security. In any event, Social Security was never designed to be the only resource for retirees in their later years. That makes it all the more important that you save and invest for the future. [1]

At roughly 200 pages of material, this book is a potential quick read. But, please don’t assume that this is a negative; Mr. Kennedy’s book got me thinking about ideas that laid dormant in my mind for quite some time. Although a little dated with regards to technology (the book was written mid-90s, so bear in mind what was happening with the internet). Having said that, I believe this forces the reader to keep on track with ideas and how to bring them to fruition, as opposed to being submitted to the ins/outs of website creation and PPC advertising.

You’ll start contributing more, which will lead to far more opportunities and deeper relationships. People will come to love and trust you. Your work will be motivated by a higher cause and thus will be far more inspired and impactful.

Loan Paydown. When you buy a property with a mortgage, each month your loan balance decreases. This means, over time, your tenant is essentially paying the loan down for you, helping you build wealth automatically. To make this concept clearer, pretend for a moment you owned a property that you bought for $1,000,000 with a mortgage for $800,000, and it made $0 in cash flow (it “broke even”) and never climbed in value. However, after that thirty-year mortgage is paid off, you’ll now have a property worth $1,000,000 that you didn’t actual save for. Your tenant paid it off due to the “loan paydown.”

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