Thanks to wealthy parents, some people in their 20s are technically millionaires. But if you’re going to be a self-made millionaire, own your business venture and make sound investments before turning 30, then you need these tips.
Start something, however little
You can certainly people become a millionaire by working for other people, but starting your own gig is an exceptionally good route to choose. The good part is, you get to rake in your pie. And with your ownership stake, it gets even better over time as that business grows.
Leverage on other people’s money
One of the remarkably consistent features of successful business stories is the role of other people’s money in making it happen. A start-up capital from a generous relative, small business loan or venture capital can go a long way.
Cultivate a necessary skill
Pursuing a career as a writer, actor or professional gambler is great but you need unconventional skills as well to avoid poverty. It can be your best chance at building real wealth.
Think out of the box (better still, realize there’s no box)
Just like the supply-demand equation, anything that’s relatively easy and accessible will have good supply but relatively low payouts. Building exceptional wealth is about investing, inventing, dedication and effort. A lot of your success will be predicated on seeing things that others don’t see and figuring out how to improve on them.
The secret to success in business is not in the big things— but in reality, it’s found in little daily tasks that are combined together to create exceptional results.
Hey, who says this isn’t possible. Share your thoughts in the comments!