From 2010 to 2015, 2.4 million people became millionaires, that's like an average of 1700
millionaire each day in the United States alone, if we take into the account the rest
of the world, that number gets much higher.
The question that I have in my mind is, if so many people are becoming millionaires,
What is stopping you?!
Just in 2017, 700 thousand millionaires were added to the list.
And it's not surprising because the technology literally makes it much easier to acquire
wealth.
Even 50 years ago it was quite difficult but today if you even skip college, you still
have all the chances to join the club.
Don't get me wrong, I am not saying it's easy, it's freaking difficult and the amount of
time and hustle that it takes is unbelievable.
That's why I don't wanna make this video theoretical where I would tell you some hypothetical scenarios
but rather practical so that you can implement them right after watching the video.
Teach Something
teaching doesn't seem like the best strategy to become a millionaire but in the age of
the internet, it's the other way around, all that you need is a single skill, to have a
chance to make that million dollars.
I am sure that you are at least good in something like photography or music, for example, you
might know a foreign language, you might have taught yourself coding when you were in college,
there must be something.
All that you need to do is to turn it into an online course and sell it to the people
who are willing to learn that skill.
And the number of copies you have to sell will depend on your pricing,
if you would price at a hundred bucks, you just need to sell 10 thousand copies.
That might seem a lot but keep in mind that, There are like 4 billion internet user, I
am sure that more than 10 thousand of them would be interested in learning that skill.
It might take you a year, maybe 2, maybe more, but that's what it takes to join the millionaire
club.
in fact, if your course is good enough, the snowball effect will earn you much more!
I am sure that some people will say, I am 16 years old, I don't have any skills, I am
really bad at teaching, so this isn't gonna work for me.
Why don't you stop giving excuses and listen to me?
You don't necessarily have to sell your own course.
I have taken a lot of online courses, And I would highly recommend some of them.
What I can do is that, instead of just recommending it to you, I can sell them to you and get
a commission.
The commission with online courses could be really high, as high as 60 percent.
But first, you have to step up your selling skills of course.
For example, A while ago, I was offered to promote a course on this channel that costs
around a thousand dollars and the commission was 50 percent.
If only a hundred of you would purchase that course, I would have made at least 50K dollars
But I didn’t, with all the respect but I just didn’t think that it worth the money!
Because before I promote anything on this channel, I ask myself If I am ready to buy
it, and the answer was Not really.
I respect my audience, I love you guys and I will only promote what I believe worth your
money.
and you should do the same if you start selling courses.
I have an entire video on how to sell anything to anyone, which link i will leave in the
description.
But not everyone is good at selling, you might be an extrovert and you are just good at your
job as an accountant and you don't have the time or even the will to sell.
Don’t worry, you still stand a chance.
We have already talked about index funds on this channel but let's try to do the math,
how much and for how long you have to save to cross that million dollar threshold.
if you work hard enough and stick to a tied budget, you will definitely make it.
You can start with as little as 10 thousand dollars and invest just 2000 dollars every
month, in just 18 years, you can quit your job and retire as a millionaire.
Of course, if you get more aggressive, you can do that much faster.
- Earn more
However, even 2000 dollar is too much for most people because you have bills to pay
and you can’t save more than maybe 10 percent of your income.
What is the solution?
Earn More!
Get a side job just for the sake of investing, drive an uber, start a blog, whatever
and let that money go directly into your index fund investments.
Don't touch it even if its an emergency, be confident that you are building your way to
become a millionaire.
and most importantly give this video a thumbs up and subscribe because more videos are coming!
Thanks for watching and I will see you in the next one.