Do only vital tasks. Focus on the few tasks that you do best, and either avoid the rest or leave it to other people. Bill Gates, Oprah Winfrey, and YOU have the same number of hours in a day, yet you make drastically different impacts and incomes; it’s how you use the hours given that make the difference.
For those 21 days, you would have been putting all the effort and hardwork to double your money. The thing is, the money actually doubles, but not fast enough. In fact, if you were told that your $10,485 (on Day 21) would grow to over $5 million within the next nine days, I’m so sure you would never believe it. But it does!
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Don’t Leave Things Up to Chance- People feel that things will just work out due to carpe diem. They usually don’t People can be unreliable, deals can fall through, and shit will always happen. Prepare for multiple scenarios and contingencies. You can mitigate this by working with smart AND reliable people.
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The chart above also demonstrates the value of compounding interest, one of the most valuable tools to accumulate significant wealth – the key is to start while you’re young and stay disciplined. Stick to your plan! The ride may be slow and boring at times, but you’ll be pleased with the long-term results. (Read: Delay in Saving Raises Payments Later On.)
But entrepreneurship is about working towards the big payday. It can be daunting not getting any money while you’re building your business. But, if you’re living at home or going to school, it may not matter that your business makes no money up front. If you want the big payday, you should focus on starting your own company, just like most of the young millionaires we’ve profiled have done.
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Get a roommate. If you have a spare room in your home or apartment, getting a roommate is one way to raise money fast. Not only can they help pay the rent, but they can also help with other bills like utilities, cable, and Internet service.
Make sure to search online for any company you’re looking to work with, including searching for lawsuits, bad reviews on job-search sites and other red flags. “Always do research on any company that offers you online work. Never accept checks to buy supplies or computer equipment, and never wire money to anyone who offers you online work,” says Scott Garner, corporate communications manager at ZipRecruiter, via email.