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  • From 2010 to 2015, 2.4 million people became millionaires.

  • That's like an average of 1700 millionaires 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 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, for example, you just need to sell 10 thousand copies.

  • That might seem like a lot but keep in mind that there are like 4 billion internet users.

  • I am sure that more than 10 thousand of them would be interested in learning that skill.

  • It might take you a year, maybe two, 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 of you 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 50 thousand dollars.

  • But I didn't, with all due respect to the author, 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 introvert 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.

  • However, even 2000 dollars 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.

From 2010 to 2015, 2.4 million people became millionaires.

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4 Ways To Make A Million Dollars

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    Celeste posted on 2019/07/13
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