Regarding Business insiders, There are always a total of 36 Million Millionaires in the globe by 2017 with over 1 million added just this past year (2017). That’s a crazy number when you imagine it. That is 0 literally.5% of the existing population.
Who have imagined there are these many rich most people in this global world. But how to be a millionaire? There are many things you could do to be remembered as a millionaire but learning to be a millionaire isn’t a simple task.
You need to put your effort and time in whatever you want to accomplish for at least three years or more to become the millionaire and the ones years would be the will be very difficult or try your luck on a lottery.
How To Become A Millionaire
To become a millionaire and stay a millionaire you will have to know how to manage your money. If you lack financial knowledge, Even if you become a millionaire you will soon get bankrupt again, Most of the lottery winners who won millionaires went bankrupt just because they didn’t know how to manage all the money that they got.
So it is more important for you to learn how to manage your money well even If you are not a millionaire. I would recommend you to read Dave Ramsey’s The Total Money Make Over or Tony Robbins Unshakable you can get these books for free as audiobooks if you sign up with audible with these link.
Now to become a millionaire you need to understand that there are two types of income sources one is Active Income and other is Passive Income
If you haven’t already realized, let me clarify it for yourself. Gaming is a “Gold Mine” Gaming industry is three times bigger than Hollywood now. Where the gaming industry’s revenue is 137. 9B$ and Hollywood ’s revenue is about 40B$ Although I don’t think those numbers are accurate surely gaming is way bigger than Hollywood.
With this type of exponential development, it’s the best time to get into video gaming either as a developer or player. Surely you will need a Shit ton of money to build up a game but as little as 500$ to become a player. There are around 2.2B active gamers in the world as of 2017 and 73% of them declare they enjoy watching other folks play games online. The latest gaming sensation “Ninja” or perhaps Tyler Blevins makes five hundred thousand a month live streaming Fortnite (Game) on Twitch.
So if you love playing video games you are literally standing on a Goldmine then. But keep this in mind you will have put out quality content every full day until you make it. Look at Pewdiepie even if dr. murphy is the biggest youtube he seldom misses a day where he rarely Uploads a Video. Keep creating fun-loving content and youtube shall love you back.
The way you generate income with gaming is either developing and selling or playing. If you decide to use twitch as your gaming platform then there are 3 different options for Donation, Subscription and ad revenue and donation
Create Viral YouTube Videos
YouTube provides been running since 2005 and also have created several millionaires and celebrities successfully. The most paid YouTuber Daniel (DanTDM) a gamer took a cheque of 16.5M$ in 2017 by creating fun gameplay videos of a famous game Minecraft. By looking at that you would have understood that youtube users love the fun content but if that’s not what you want to do it’s fine you can still make videos on How to’s, List videos, Educational stuff and more.The best part about this is that it’s totally free and anyone can create videos to make money.
However, according to current changes, you must have at least 1000 subscriber and 4000 hrs watch time in order to get approved by Adsense (Youtube Ads) that will pay according to your views. If you don’t want to utilize the youtube partnership you may tend to generate income with Affiliate products or Sponsored videos.
Write Several E-Books
There is plenty of money to be made selling eBooks on places like amazon kindle. Many people fall into the trap of thinking that they need to write the next harry potter to make millions of dollars. All you need to do is write several small books on a wide topic which includes an audience.
Though it is very tough to market them because of the rise in competition nevertheless, you can still try maybe one of your books takes off. To write several books you have to opt for a topic you prefer and break it into several parts and write a 50 – 70-page book on each part or combining 2-3 parts together. This will take quite a long time but if you have the ability to get some good successful book you could generate millions.
It’s not only the selling of books but also there are some in book purchases which will make you more money than the actual book itself. They are called affiliate products, You will have to recommend the products inside you book by giving links to the merchandise and each time someone goes through the link and buys the product you will get the commission from the sale. The commission could range from 5% all the way up to 60% or even more, you just have to look for the very best product and its own affiliate program.
Did you ever hear of Bitcoin, Yes it’s one of the thousands of Cryptocurrencies listed on the Coin Market Cap? Cryptocurrency is like a stock it rises in value if a lot more persons buy this and decrease in worth if persons learn to sell it. Bitcoin has generated more millionaire than ever before in an extremely short amount of time, unfortunately, the number of millionaires created by crypto can’t be detected because of its untraceable Blockchain technology but I am sure it’s in thousands as it has already created Billionaires.
There are three ways you can build an income with cryptocurrencies Holding, Trading Often, And Mining. You need to analyze all of the cryptocurrencies in order to decide on which one you should purchase and invest your cash in. Additionally, you will need to completely understand Blockchain and how it works to get a better understanding of the coins toise and fall. I would recommend you to go through “Truth Machine: Blockchain and Potential of Everything” (Free for audible) a reserve by Paul Vigna and Michale. T. Casey gives a bald eagle vision and understanding of blockchain technology and potential of cryptocurrency.
Properties Broker or Investor
Seeing that the population of people is growing to make to touch 8. 5B in the year 2030 these people will be needing a place to live and the rates of housing are only going to rise. With this big option in hand, people are neglecting possibly real estate. You don’t desire a lot of money to get into real estate. You may literally start by Zero and create your way up with booking discounts.
If you want to invest in real estate the original way of doing it was to get a house and rent it or perhaps sell it. But with the internet inside our hand, the possibilities are almost endless. There are various ways you can invest in properties without a lot of money, you can use REITs, Mutual Funds, Real Estate ETF and many more. There is still a ton of money to be made with the traditional approach but it also needs a lot of money to start you need to put at least even just the teens down payment and rest with a loan if you don’t have funds or if you have money therefore just invest it.
If you love going to garden sale or have a dollars store nearby then you can make use of it to your advantage. Many people have recently been making millions flipping properties but there are also many who have been making serious money wholesaling products.
The concept is simple, discover a valuable product and buy that lower than its current benefit and sell it higher than or perhaps equal to its current benefit. You can find many valuable goods at the dollar store or perhaps in the yard sale which will won’t be valuable pertaining to the owner but someone else can be dying to get that.
But you need to have a good eyesight and also knowledge of what the system is capable of and how many it could profit you with the current selling price. You can find products on eBay and Facebook. com, negotiate the value and buy the merchandise and sell it for a profit. You can list the same product on the net after buying to receive sales faster.
These are getting more and even more popular these days. Many companies include started to package their virtually all popular stuff in one field and ship them monthly to their subscribers. There is also the various tool available which work with monthly subscription basis and a lot of people have also started creating Facebook groups were that they share their secret of anything and to get in you ought to be on a monthly subscription approach. If we do the math appropriate you will roughly need the multitude of people paying you 83$ for 12 months to get 1 million dollars in revenue or 1700 persons paying 50$ for twelve months you can do the math.
It is one of the most trending business at the moment because of how easy it is to set up. Drop shipping is when a supplier packages and delivers a product on your behalf and your job is to bring in the sales. You will require a web store fully built where you will list all of the product that the supplier supplies at a higher rate than what he is charging you and bring in persons to your site.
When someone buys the product from your store than you just have to transfer the order to the supplier and he’ll deliver the product for you personally when you keep the remaining money. Noises easy right? The true struggle is to get the product that markets and in addition getting most people on to your site. You will have to learn some marketing skills first and then get a step in the game if you jump straight in without any knowledge you will finish up losing all your money. If you would like to find out more about this business I would suggest you to go to check out Dan Disilva and Mike Vestil. They both will be the among the firsts to get into this business and are now producing millions every year selling products online.