How to become a millionaire in one year
The ultimate dream of most Americans is to have enough money in the bank to do what they want, particularly when they retire. Although a £0.6 million does not go as far as it used to, it still puts a person in a elite club. To become a millionaire in one year, you would have to make $83,333.33 per month.
- The ultimate dream of most Americans is to have enough money in the bank to do what they want, particularly when they retire.
Breaking that down into 160 hours per month based on a 40-hour work week, a person would have to make £33,853 per hour. Believe it or not, this is actually doable.
Go online. You can make your money actively or passively like web design or Adsense. An active online business requires prospecting, sales and follow-up. Adsense is passive because your only requirement is to put the proper codes on your website.
Start a business. It doesn't matter what wealth book you consult, they all say that if you want to be a millionaire you have to own your own company. The easiest business to start is one that is online. This does not require a lot of upfront cash or loans such as a brick and morter business would. Most people start more than one business such as an online store, website design or a service. Another great idea is selling information. People pay for information and even if some of the information may be free, people don't want to have to search for it and will pay to have it all in one place.
- It doesn't matter what wealth book you consult, they all say that if you want to be a millionaire you have to own your own company.
Attend seminars on wealth creation. You would be surprised that some of those seminars actually come out with good advice such as buying foreclosures, tax liens and real estate. Seminars such as "Secrets of the Millionaire Mind," "Play to Win" and "Breakthrough to Success" are great for budding millionaires. They all focus on how to make money, how you view money and skills you need to make money.
- Attend seminars on wealth creation.
- You would be surprised that some of those seminars actually come out with good advice such as buying foreclosures, tax liens and real estate.
Ask people for it. If you want a cheap way of becoming a millionaire, then convince 500 people to give you £650. This was a suggestion by a millionaire friend who actually made his money in Internet marketing. He did say that a business was the only way to make money. Asking people also applies to asking for the sale. You have to become excellent at closing. If you don't call people to action, they will not take action.
Sell coaching or teleseminars. Believe it or not, people will pay for things that they believe have value. If you have a skill as a relationship or business expert, then you can create a coaching business that is all done by phone. One coach charges £338 for one 90-minute session of "Using Facebook for your Business." If you want her full services, it will run you around £7,800. With free telephone bridge lines, a computer and some good content, you could realistically make £0.6 million dollars in a year. In this case, pricing is key as is your target audience. Most Internet marketers target people with disposable income that are looking to improve some area of their life, start a business or productivity tools.
- Sell coaching or teleseminars.
- If you have a skill as a relationship or business expert, then you can create a coaching business that is all done by phone.
- Start with what you know. You should start with the skills that you have since you won't have to get a lot of training to use them. For instance, if you work as an administrative assistant, perhaps a career as a virtual assistant would be a great fit. Ask for what you want: No one will pay you what you are worth, if you do not know what you are worth.
Delores Williams is an author/ new media strategist. She has written over 500 articles on a variety of topics over the past ten years. Her work has been published by Oxford Press, online, and in newspapers around the Country. She is a graduate of Lee University.