John C. Maxwell once said “Dreams don’t work unless you do.”
Do You Have The Spark To Become A Millionaire?
Who in the world don’t want to be rich?
In fact, all of us have desire somewhere in our conscious or subconscious mind to have financial affluence wealth that is possible with having $ Million/s. But having a wish and having ambition are totally different things. Having the wish (only) to be millionaire is never going to change your fate, to be rich you must have to be ambitious.
As we move on to how one can become a millionaire let’s clear some prevailing vague concepts.
Difference Between Wish and Ambition
|Definition:||A wish is a desire or hope for something that may or may not be possible or attainable.||An ambition is a strong desire to achieve something specific and usually requires a plan of action.|
|Type of Desire:||Wishes are often more vague and less focused than ambitions.||Ambitions are usually more specific and measurable.|
|Level of Action:||Wishes are often passive and do not require action to achieve.||Ambitions require active pursuit and effort.|
|Realism:||Wishes can be unrealistic or even impossible,||While ambitions are usually grounded in reality and attainable with effort and hard work.|
|Motivation:||Wishes may provide a source of inspiration or motivation,||But ambitions are usually the driving force behind a person’s actions and decisions.|
The ambitious people think and act differently from the people who just wish and dream.
Having the Millionaire Mindset
Researchers have identified traits and habits which were observed common in financially successful people.
The millionaire mindset is a set of beliefs, attitudes, and behaviors that are commonly associated with financial success. While there is no one-size-fits-all formula for achieving wealth, studies have shown that certain habits and ways of thinking can increase your chances of financial success. Here are some key components of a millionaire mindset:
- Being Optimistic: Most common quality in Millionaires is that they tend to have a positive attitude towards money, wealth, and success. They believe that they can achieve their financial goals and that there are opportunities for growth and prosperity all around them.
- Objective-Oriented Mindset: Successful people set clear financial goals and work towards achieving them. They also have a plan for how they will reach their goals and take consistent action to make progress.
- Strategic Thinking: Millionaires are strategic in their approach to wealth-building. They understand the value of investing in assets that appreciate over time, and they are always looking for ways to maximize their income and minimize their expenses.
- Strong Work Ethic: Successful people tend to work hard and put in long hours to achieve their goals. They are focused and disciplined, and they are not afraid to make sacrifices in the short-term for long-term gain.
- Being Consistent: Millionaires don’t give up easily. They understand that setbacks and failures are a natural part of the process, and they use these experiences as learning opportunities to improve their strategy and approach.
- Financial Awareness: Wealthy people tend to have a strong understanding of financial concepts and how money works. They know how to manage their money effectively, and they make informed decisions about investments and other financial opportunities.
If we summarize, the millionaire mindset is all about having a clear planning of financial future, consistently pursuing your goals and leading a life with habits and attitudes that are mostly like to reap financial prosperity.
Increasing Number of Millennial Millionaires In The US.
According to a report by Coldwell Banker Global Luxury and Wealth Engine, there are currently over 618,000 millennial millionaires in the US, with an average net worth of $2.5 million. This represents a significant increase from just a decade ago, when there were only around 200,000 millennial millionaires.
One of the main reasons for this increase is the rise of technology and the internet, which has created new opportunities for young people to start their own businesses and build wealth. Additionally, many young millionaires have been able to take advantage of favorable market conditions and investment opportunities to grow their wealth.
Top 5 Online Hustles That Can Make You Millionaire.
There are countless lines of businesses, professions and hustles which yields lucrative earnings and have changed fates of many. But here we will focus on online businesses and methods that can make you millionaire.
If we see online hustles there are many which has proven records of yielding incomes at faster and higher rates.
Here I am sharing top five Online Hustles with millionaire examples of each.
- You-Tubing / V Logging
- Crypto Currency Trading
- Drop Shipping
You tubing have been very popular source of online income and has made many content creators millionaires in short span of time. Here are few examples of
- PewDiePie: PewDiePie is the most subscribed YouTuber, with over 110 million subscribers. He has earned a reported $40 million through his channel.
- MrBeast: MrBeast, whose real name is Jimmy Donaldson, is known for his philanthropic stunts and challenges on YouTube. He has amassed over 70 million subscribers and has an estimated net worth of $50 million.
- Dude Perfect: Dude Perfect is a group of friends who make trick shot videos and other entertaining content. They have over 60 million subscribers and have reportedly earned over $50 million from their channel.
- Ryan Kaji: Ryan Kaji is a child YouTuber who reviews toys and games. He has over 30 million subscribers and has reportedly earned over $30 million from his channel.
- Zoella: Zoella, whose real name is Zoe Sugg, is a beauty and lifestyle YouTuber from the UK. She has over 11 million subscribers and has reportedly earned over $4 million from her channel.
Having quoted these examples, it is possible to become a millionaire through YouTubing, but it typically requires a significant amount of time, effort, and dedication to build a successful channel.
One of the key factors to success on YouTube is creating high-quality content that resonates with your audience. By consistently creating valuable, entertaining, and engaging content, you can attract a loyal following and build a community around your channel.
In addition to creating great content, it’s also important to focus on building your brand and diversifying your revenue streams. This can include things like merchandise sales, sponsorships, and affiliate marketing, in addition to the ad revenue you earn from YouTube.
While becoming a millionaire through YouTube is not guaranteed, it’s important to remember that anything is possible with hard work, dedication, and a willingness to learn and adapt. By staying focused on your goals, staying true to yourself and your audience, and putting in the work required to succeed, you can achieve amazing things and potentially even become a millionaire through YouTubing.
2.Crypto Currency Trading
Digital currency trading, also known as cryptocurrency trading, has indeed made many people millionaires, but it’s important to approach it with caution and a solid understanding of the market. Here are some points to keep in mind:
- Crypto currency trading is highly volatile and involves a high degree of risk. The market can be unpredictable, and prices can fluctuate rapidly.
- To become a successful crypto currency trader, you need to have a solid understanding of the technology behind digital currencies, as well as an understanding of the market and its trends.
- Success in cryptocurrency trading is not guaranteed, and there is no “get rich quick” scheme. It takes time, effort, and a lot of research to become a successful trader.
- Becoming a millionaire through cryptocurrency trading is possible, but it requires significant capital, a sound trading strategy, and a willingness to take risks.
- Many successful cryptocurrency traders have gone through a long learning process, experienced losses, and made mistakes before becoming profitable. It’s important to be prepared to learn from your mistakes and adapt your approach.
In conclusion, cryptocurrency trading has the potential to make you a millionaire, but it’s important to approach it with caution, patience, and a solid understanding of the market. Keep in mind that it takes time, effort, and a lot of research to become a successful trader, but with dedication and perseverance, you may be able to achieve your financial goals.
NFTs, or non-fungible tokens, have recently gained a lot of attention as a new way to buy and sell unique digital assets, including art, music, videos, and other digital content.
How much you can earn from NFTs ? Let me share some examples of top sold NFTs.
- “Everydays: The First 5000 Days” by Beeple – This digital artwork was sold for a record-breaking $69 million at a Christie’s auction in March 2021.
- “CryptoPunk 7523” – This NFT of a rare CryptoPunk character was sold for $69 million in August 2021.
- “Forever Rose” by Kevin Abosch – This NFT of a digital artwork featuring a rose was sold for $1 million in 2018.
- “The First 100 Days” by Trevor Jones and José Delbo – This NFT of a comic book-style artwork was sold for $1.85 million in March 2021.
- “Crossroad” by Trevor Jones and Alotta Money – This NFT of a digital artwork featuring a statue of Confederate General Robert E. Lee was sold for $6.6 million in March 2021.
And the market is constantly evolving, so there may be other NFTs that surpass these in the future.
While it’s true that many NFTs have sold for millions of dollars, it’s important to approach this market with realistic expectations and a solid understanding of the risks involved. Here are some points to keep in mind:
- NFTs are a relatively new and highly speculative market. Prices can be unpredictable, and it’s difficult to determine the long-term value of a particular NFT.
- Success in the NFT market is not guaranteed, and it’s important to approach it with caution and a solid understanding of the market.
- Becoming a millionaire through NFT trading is possible, but it requires significant capital, a sound trading strategy, and a willingness to take risks.
- Many successful NFT traders have gone through a long learning process, experienced losses, and made mistakes before becoming profitable. It’s important to be prepared to learn from your mistakes and adapt your approach.
- NFTs are still a relatively new and unregulated market, and there is a risk of fraud, scams, and other types of criminal activity. It’s important to be vigilant and do your research before investing in any NFT.
And this one is my favorite “blogging”. Blogging is really mind blowing when it comes to its rewarding outcomes.
Let’s see top 5 bloggers and their incomes:
- Pat Flynn – Pat Flynn is the founder of Smart Passive Income, a blog and podcast that provides resources and advice on building passive income streams. He reportedly earns over $100,000 per month from various sources including affiliate marketing, sponsored content, and product sales.
- Michelle Schroeder-Gardner – Michelle is the founder of Making Sense of Cents, a personal finance blog that provides advice on saving money, paying off debt, and making extra income. She reportedly earns over $100,000 per month through various monetization methods including affiliate marketing and sponsored content.
- Harsh Agrawal – Harsh is the founder of ShoutMeLoud, a blog that provides resources and advice on blogging, SEO, and digital marketing. He reportedly earns over $50,000 per month through various monetization methods including affiliate marketing, sponsored content, and product sales.
- Jon Morrow – Jon is the founder of Smart Blogger, a blog that provides resources and advice on writing, blogging, and marketing. He reportedly earns over $100,000 per month through various monetization methods including affiliate marketing, sponsored content, and product sales.
- Darren Rowse – Darren is the founder of ProBlogger, a blog that provides resources and advice on blogging, SEO, and social media marketing. He reportedly earns over $50,000 per month through various monetization methods including affiliate marketing, sponsored content, and product sales.
Blogging can indeed provide an opportunity to make money and potentially even become a millionaire, but it shall be started with a realistic perspective and a solid understanding of the hard work and dedication required. Here are some points to keep in mind:
- Blogging can be a lucrative way to make money, but it takes time and effort to build a successful blog with a large following.
- To become a successful blogger, you need to consistently create high-quality content that engages your audience and provides value.
- Monetizing your blog can take various forms, including sponsored content, affiliate marketing, advertising, and selling digital or physical products.
- It’s important to be patient and persistent in building your blog and growing your audience, as it can take months or even years to achieve significant success.
- To make a significant income from blogging, you need to be able to effectively market your blog and yourself as a brand, and continually adapt to changes in the industry.
Many of many friends are in to drop-shipping and some of them are doing great. Why I like this because it low or zero investment business. Seeing is believing. See for yourself how these drop-shippers made their fortunes.
It can be difficult to determine the exact earnings of drop shippers as it depends on various factors such as their niche, products, and marketing strategies. However, here are some examples of successful drop shippers and their estimated earnings:
- Richard Lazazzera – Richard is the founder of A Better Lemonade Stand, an e-commerce education website that includes a successful drop shipping store. He reportedly earned over $100,000 in his first year of drop shipping and has since built a successful career in the industry.
- Fred Lam – Fred is the founder of iPro Academy, an online marketing education platform that includes a successful drop shipping store. He reportedly earned over $20 million in revenue from his drop shipping business.
- Anton Kraly – Anton is the founder of Drop Ship Lifestyle, an online education platform that provides resources and advice on building successful drop shipping businesses. He reportedly earned over $6 million in revenue from his own drop shipping business.
- Thomas Kjeldgaard – Thomas is the founder of The Good Trends, a successful drop shipping business that focuses on selling eco-friendly products. He reportedly earned over $500,000 in revenue in his first year of business.
Additionally, it’s important to remember that building a successful drop shipping business takes time, effort, and dedication.
No doubt Drop shipping is a business model that can potentially lead to significant income, but it’s important to have a realistic understanding of the challenges and risks involved. Here are some points to consider:
- Drop shipping allows you to sell products without holding inventory. Instead, you source products from a supplier who ships them directly to the customer.
- The key to success in drop shipping is finding a profitable niche and identifying high-quality suppliers with fast shipping times and competitive prices.
- To make a significant income from drop shipping, you need to be able to effectively market your products and drive traffic to your online store.
- While drop shipping can be a low-cost and low-risk way to start an online business, it can also be highly competitive, and you may need to invest significant time and resources into marketing and advertising to stand out.
- It’s important to keep in mind that drop shipping can also be affected by issues such as product quality control, shipping delays, and supplier reliability, so it’s important to have contingency plans in place.
With the right strategy, dedication, and willingness to adapt to changes in the industry, it is possible to build a successful drop shipping business that can potentially lead to millionaire status.
Let’s Start with 10 Dollars A Day To Hit Millions
Journey of thousand miles starts with a single step. All you need is to set your direction and take first step and keep on moving towards your destination.
Similarly on course of achieving your “millionaire me” you need to choose most rewarding field that matches your interest, then set a timeline to hit million. Millions will not come at once, but 10s, 100s, & 1000s will make million one day.
What ever online hustle you choose, set small and easily achievable targets like $10 a day. Keep on increasing your daily or monthly targets, keep on multiplying your earnings by carefully investing. And one day you will achieve it.
Even if you are not able to become a millionaire your standard of living will improve for sure. “Shoot for the moon. Even if you miss, you’ll land among the stars”