7 Steps To Becoming A Millionaire If You’re A Teenager
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- Опубликовано: 27 авг 2024
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7 Steps To Becoming A Millionaire If You’re A Teenager
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“How to become a millionaire at 16” “saving up could take a few years”
No these are actually just the foundations of becoming a millionaire
Then again I'm not a millionaire so I can't confirm
Bro no one can make you a millionaire in a day 😂
@@factfactory1807 bitcoin stocks
I'm 14 so I will be a millionaire by 16
@@ezaansheikh2801 God no
"Bang on their doors, and later bang them" - some bald guy on internet known as top g
I thought u were talking about Mr.Sins lol
@@apexpradator9625 both is good
As a 15 yo, that surely does work
@@sigmachadtrillioniare6372 ofc Sigma chad🗿
Kid named finger
I'm 15 but asian.. we don't really have lawn. +they won't care about how dirty their car is. And if they do. They would already done by professional or themselve.
Same in Italy
get skill in something else
@@kennetschinesecousin3013 like what?
he said practice selling. you dont need to actually sell, selling is an important skill and being able to be rejected is going to help a lot
@@Danzyyx___ i edit videos
Me who's 17: 🗿
This stone is too funny 🤯
@@SD04- it's called the moai
1 year off just 1 year so close I am 14 so 2 years off :(
Me who's 16: 🗿
Me who's 16: 🗿👍
"Go to your neighb-"
Introverts: hold up wait a minute.
That was literally me LMAO
@@imarandomperson761 u shouldn't exist then
Lol
my thoughts exactly, fellow introverts
"I gave up on becoming a millionaire when i heard go to your neighbour's"
Unfortunately some of this only applies for the US. In my country people already have maids and other helpers. Not as easy as ringing your neighbors bell and asking to clean their car.
You can do this with a regular job as well... the key part is staying focused on saving 100$ a month (minimum) that will go straight to an ETF, you're not going to be a millionaire but surely you'll retire much earlier and have around 300k for the last 20 years of your life...
Real estate is very expensive in some places though.
In Hong Kong,a real estate that is 300 square feet cost half a million in USD.
Average income is 20% lower than the US.
I live in like these flat type buildings. No lawns, people don't wash their cars anyways, people are broke.
@@auburn.JoaoDuarte Third world countries don’t just allow teenagers to work in their local McDonalds
That’s just not how some countries work
You guys are missing the point
Everybody need things, find what it is that you can actually do, and do it to 1/ practice selling 2/ start investing young, even if it's peanuts. It's about learning the skills youngest possible rather than a tunnel vision formula
For anyone reading this…
As a 38 year old guy who’s experienced life
Now has 4 kids himself…
This is the best straight forward advice you’ll ever hear.
what if i dont live in america though
@@char1721 - An idea, a dream and a positive attitude with the thinking… “I can do anything” works in every country. Simply start. Don’t be afraid to fail. You can’t have success without it. Experiment and learn as you go. When others rest, you keep going. The amazing thing is that the world is becoming more connected. America isn’t just a place. It’s an idea that can be achieved anywhere. Believe in yourself.
@@brandonleesanders diesnt work in evry country
@@nadiaslama - If you’ve already determined it can’t work then it won’t work (for you) The internet is available worldwide… What’s stoping you or anyone else from creating a digital product? The only thing stopping you is you…
@@brandonleesandersNah bro we dont have the same culture as america even i would confused if somebody just walked up to my houes and asked to do something for me
I am currently 15 years old. I started a small business last year and have really kept the right mindset. I am part way through reading Rich Dad Poor Dad and it has been very beneficial. Thanks for sharing this!
As a business owner the “refer me to 3 people you know” line is gold
Can't mow their lawn if they don't have lawn. I tried offering to wash people's backyards with my mom's pressure washer, almost got shot cuz the house's owner saw me in front of his gate with a "rifle", AKA my pressure washer.
"Can i pressure wash your forehead mister"
It can be any kind of service
@@zsan157 Imagine if I literally said that
I'm 48 and I'm doing this. It's never too late.
Step 4: have a father with a fortune 5 company.
@@screwstatists7324 I am luckily born into it and staying strong in it.
@@giratinaslayer in a fortune 5 ?
@@lonnpton5239 have a fortune 5 as he is the director damn it grammar police.
Already having issues with the "have a father" part...
@@illzzudont worry i can help you out with that. Is your mom bad?
For everyone fixated on the mowing lawn part... The point is find something you can do and sell it. The lawn was an example. Obviously not everyone can do lawns because of apartments or other situations. It's just an example. Don't overthink it. This is good advice.
This is helpful for people living in European countries but in my country there is no concept of knocking on doors and asking if they need help cuz only maids and servants do this and you'll be humiliated and most people look down on them so if I do that I'll look like a begger and be rejected to my face , this may be difficult to understand for some people but that's how it is
Yes and they'd be like "oh my god,why are you doing this, are your parents not making enough?" Straight up to your face.. people in Asia are so damn judgemental and egoistic that it's impossible for us teenagers to make money in that way..
@@shortsyeager9677 exactly , the only way to actively make money is tuition someone but they let you go when they find someone older and its especially hard to find someone to teach if you're still in school
Thing of other things
Ah yes, Asian countries are this way, but in the middle east, you can always mow your neighbor's sand unless you are an infedele. It grows so fast after a good non-existent rain.
Do you care about being looked down at if this is to become a millionaire? Be really honest, it's just that you don't wan't to do this, but if you had NOW your future you that comes to you saying "do it for real, even if you look bad in 5 years you have 2 millions I'm not kidding" do you think you would care about looking bad? You will have to do concessions anyway to be a millionnaire anytime in your life, you will have to sacrifice things to do it. Here it's your pride, but when you think about it for a second you will automatically gain more and more pride the more money you have. And in some years when you are millionnaire you will be the one looking down on those you knocked their door on.
Now ofc I'm talking without really knowing your troubles, just trying to make you realize that no matter your problems or your situation you can make it with enough precaution and discipline, if it's not knocking on doors you find another thing to sell, idk make a lemon stand, find a place where you could work only sundays if you have school for example, if those don't work find something by yourself, there is NO place where there's 0 possibility of business/selling if there are people to be clients. Hoped this helped you :)
I started doing exactly this when I was 16. Now I'm 22 have $200,000 saved up, and about to buy my first real estate property. It really does work. Turning revenue into recurring revenue is golden advice.
Man you are truly a blessing with the advice you are giving.
not really, the best piece of advice would be to invest in yourself and get a university degree, and yes having a degree matters
@@aayush_karna not really and i have a degree computer science
@@VladimirLenin70 you know what, I am currently studying computer science too and am at 7th semister out of 8. I am making 6 figures per month without degree. With a degree (proof of skill) I can make even more.
@@aayush_karna what job are you doing to make 6 figures per month? The degree isnt proof of skill anymore because employers are catching on that the school system is garbage in America and people usually do not retain the information.
@@VladimirLenin70 I am a fullstack web developer in a Singapore based tech company. The chances of getting better paying jobs increase significantly if you have a degree. Imagine doing surgeries to patients without a degree. Anywhere outside of United States you need to have a degree if you want job.
I totally agree with this except 1 part. Being 20 and owning a business myself I would argue that re-investing in your business would reward you much better than traditional investments.
Legit the plan I wrote in my notebook a year ago, word for word, after researching, reading, and calculating for a year. Actually works. I'm 15 btw, and working on starting my own social media management service
how’s it going
I heard it's saturated now but I'm still gonna do it.
@@yyyd6559 they say that about everything
Same
@@orsboo4447 its going decent, at 2 clients rn making 200$ a month
If you really want to make
million Start with billion.
~Arnold Schwarzenegger
And the people nearby didnt get it those guys were like:right😐
,,First million is the hardest so you start with the second"
@@petarstojiljkovic9131 yup
Bruh
@@petarstojiljkovic9131 hello guys
~arnold
I also recommend hanging around wealthy people. Specifically people who made millions by the sweat of their brow. The way they think, speak, behave will rock your world.
Gotta say, I'm glad he's giving realistic advice rather than selling hacks.
-Can I mow your lawn?
-No
Bad mindset. Ofc some people will say no. But some will say yes. If you don't go out and try stay poor.
@@CR7GOATofFootballbro my neighbour hood is not like this people around me are drunk,poor who don't have garden or have a baby with them 24/7 . Wot to do?
@@markzcodm53 What I would do is look at houses that look like they are taken care of.
@@markzcodm53 For example, is the driveway clean?? Does the house look nice from the outside??
@@markzcodm53 if the house is well taken care of, then you should ask them, it will probably be safe.
Bro I read that series when I was 14 and it completely changed my life. Amazing advice
This is a slow way to make money, yes...
BUT VERY good & secure way to make money AND keep it growing! 😄👍
Yes but success starts to compound and multiply very quickly once it starts. Very reliable.
as kendrick lamar said “ slow money wins the race”
🤓
I don't want money. I want simplicity, automization and relaxation for my life. A dream job, everyday is the same, and I am able to play videogames in my spare time. At that point, even though I'm such, I will no longer complain.
Lies
L
Idk why i keep saving every single video of this dude😊
I read rich dad poor dad in like 4th grade, it was an amazing book, I highly recommend it.
He's telling the truth. I started working in the fourth grade. And all the ladies I worked for sent me to all their friends.
Me: about to go out and follow the steps but then
my socia anxiety: he darling, long time no see
I love that I’m 14 now, when I was 10 I had a car wash business, once I turned 11 I had 1,500 dollars. I’ve been doing this for a long time, just didn’t know the vocabulary words
Don’t do drugs kid, especially if they are tempting. If you don’t you will go far in life.
Ps alcohol is a drug
@@byFiscus kind of random advice, good but random
Thank you for always sharing amazing advice 🙏
This is great thank you I love your content😊
im 17. Im tryna get into the reselling business. Tysm for this!
This is great advice!
Good tutorial. Thanks.
Best way. 🔥🔥🔥
It's not a slow way, when you start learning and doing sales you can hop into the big leagues.
What about me, I’m 12, but I have advice my dad gave me, “let your money work for you”, so passive income, exp. real estate, stocks that have monthly or quarterly dividends and you receive money from it.
Yes same concept. Put as much money physically possible in a fund and let it grow. Then invest it in realestate
12 bro jus actually do this stuff he says and u will make it bro u got so much time start now
@@derpy6695 I already have, I have stocks, like dlr
@@ILuvTheMavs how did u make ur parents let u buy stocks my parents will say No no high risk and u will lose all money
@@gggf4766 my parents buy them for me, I don’t make the decisions
I read rich dad poor dad, Really interesting knowledge🙌🏽
But no fundamental value
I didn't do exactly this but I'm still young and I started doing this last year when I was 10 being young helps a lot
Ok but for real though those 3 referrals are HUGE! I did marketing for a month or so before I realized I didn't enjoy it and left. I eventually ran out of referrals because I didn't press that hard enough. That kind of put an end to it because now there is no one to sell stuff too again. With lawn mowing it can be recurring so the referrals aren't AS necessary but it is a good habit to get into if you are going to do this with something that might not be able to be recurring.
I was reading rich dad poor dad yesterday and I'm 12 now I'm more determined
this is some Steve Harvey kinda motivation
This is great advice for me as an adult. Learn more in my business, get my clients great results and ask for referral for 3 more clients.
Well yeah, real-estate is the thing proven to be one of the investments to make, because the more you have, the more people you can rent too, and the more monthly or even bi-weekly money, and the more money you make, the more property you can buy and rinse and repeat until you can retire comfortably.
Only problem is, buying property nowadays is hard starting from nothing if you live anywhere near big cities, and if you don't, the property may be cheaper, but harder to get people to rent them, so slower gains.
” read this 3 books ” bro that would take me 5 years 💀
You can do it in 1 year
Can do it in 2 weeks
I'm 16
My goal is to earn $1000 by the end of the year. I'm going to do it thanks for your helpful tips
He didn't give a tip, he literally gave you the entire game plan. Young brother, if you do everything he said here, word for word, you could have WAY more than $1000. Easily. Good luck buddy
Sell drugs. Do it I dare you
Thanks man, u gave me a GREAT Idea 👍
thank you iwe been looking for a video like this all day now i can start working towards my first real estate
Yay I do this without even reading those books.
as kendrick lamar said “ slow money wins the race”
Thats just stupid
@@b-ballstore8751 how lol
@@b-ballstore8751 you are
@@b-ballstore8751 no ik u guys want passive income but after passive income u need to make that money and double or triple it money make money so u wont lose it but make it become more and more
Wow, this is good advice
Sound advice.
I already started reading the book about the guys with 2 different types of dads and I'm already 27 pages through and I'm already fascinated, thank you
Already?
@@Iris-1503 I have unlimited time 👉👈
This is one of the shark tank billionaire's childhood story
Who's story is this?
@@gamesbond0074 Either its mark cuban or mr.wonderful (idk his name),
Noooo not the index funds. Reinvest in your business. Hire people, expand, get better equipment. The rate of return is larger and faster when you invest in your own business. AND you have direct control of your investment.
Saving sharing liking and subscribing. I have been trying to make money but didn’t know how to start!!!😃
I'm 14, so this advice helped me out alot. Thank you
Awesome. Since your 14 start mowing lawns now and build out your accounts. By the time you graduate high school you'll be making 6 figures and will never have to work a crappy 9-5 job. Just make sure to be consistent and don't give up.
Good luck kid
By the time some 16years olds finish reading those 3books they’ll be 25years olds
those are all books you can finish in under a week
because of your low attention span and the artificially high bar you've set
Some people can solve for x in 3seconds and some cannot in a lifetime. My point is simple, let’s not get uptight y’all
Maybe you mean Understanding those Books, cause reading a Book you can do that in a few days. Understanding it might take longer
This guy is amazing, this is the best set of ideas you should give to a 16 year old that wants to become a millionaire
I'm 23 have had a side hustle for years and still thing this is great advice. I'm excited to use it!
The only thing I would take away, is the book "rich dad poor dad." All you need to know is the summary of that book. Everything else is great advice.
When all your neighbors are poor and don’t have lawn, cars, nor need anyone to watch kids.
i made $9650(11hrs) in one day by doing landscaping while i was the door to door salesman with rented gear that cost me 4500 for a month and i was the onsite aerator, thats it.
Got a door to door sales job at 17. I’m 23 now. Haven’t made less than 6 figures for the past 3 years. And have a team of reps who sell for me now . Trust me he’s speaking facts.. I’ll chase down people with legit sales experience to get them to work for me. 2 year of door to door sales on your resume will land you literally any sales job if you can show you performed and made sales..
Ps I’m in contracting sales (roofing windows siding gutter, etc.)
me who's already emigrated from my parents home country at 16 and am investing, studying, and working, and have my own business: *Yeahhhhh lawn mowing sounds so fun...*
Probably good to note have your parents open up the informal trust to invest it - as you won’t be old enough at 16
Solid advice. If you think starting a business is too much for you right now, you can just start at a retail job and learn people skills from there. Trust me, you will find getting the business started easier.
But remember, this is only one way to make it. Some people just use their teens to focus on learning skills, skills that will make them invaluable. If you enjoy doing something that can make you money, you can focus on that and if you need money for spending/investing, you can always get a part time job.
When I was 12 ( so like 22 years ago )
I was cutting grass in a small town I would do about 5 lawns a day after school for $15-$20 a lawn ( 30min-1hr ) 2-3 times a week kept it up through high school to its a great way to have some extra change and at 12 making 1200$ a month in the early 2000s was a lot of money
Me who is just going to wait for inflation to make me a millionaire...
just go to zimbabwe or venezuela
Watch for scammers pretending to be anik. He will never hit you up in tbe comments
When you live in a desert and there is no grass to mow what can I do?
Already read all 3 of them studying to become a doctor hopefully but the earliest I can start earning money is 29 to 33 cuz of loans and the amount of time it requires to gather all the degrees to become surgeon
Doing this in India the neighbours will ask our parents why they are doing it
yea ngl, indian mentality is so fuckin cheap
Exactly
If this tech and tips were around when I was a kid 50 years ago, I'd be rich. I loved to work.
Never too late to follow your dreams
(Unless your 90+ yrs old)
I’d rather focus on buying the house, before investing into the market, even with say 2x returns in 2 years you can go from say 20k to 40k and that’s sweet, but with real estate you go from 20k to say 300k comfortably if you qualify, you could sell and cash out or created cash flow properties, then use the money to invest in the market to earn dividends (more cash flow) and appreciation of your stocks.
starting an online business is also a good option
me: **parents dont even let me use paypal cuz overprotective**
Bro just show them how you are gonna be a millionaire
When you are turning 17 *tomorrow:*
"Doo doo doo doo 😎"
If ur 16, enjoy ur life while u still can, don't gamble on time, if you really wanna be productive, either study or go to the gym
"Would you like me to come and do this every day"
Me : Hold Up, wait a minute.
"If you really want to make millions, you need to impact millions."
-mj demarco
@@bathakka9941 :)
“Banging on their doors”
Well I tried but they called the cops
Only adjustment to this method would be spend the money learning how to get into higher time-leveraged opportunities, like instead of mowing lawns maybe moving up to selling RE or something more high-ticket. That way it may not take years at a time to save for the next property, even taking HELOC's into account.
I am not in Murika to do any of the 3 things you said, mostly where I live people don’t have lawns people pick time out of their schedule to go out to sit in public lawns aka “parks”, u can’t babysit here cause if they want someone to do that they will pick family u can’t sell anything cause even if you put money into a product to start selling it as soon as you knock and you ask for their time they gonna shut it the door on your face, I guess u can’t become a millionaire wherever you are but the place you been born into plays a great role in your future
"Me who has neighbors that is poorer than me"😐
So basically these techniques are solely for extroverted teens.
Over the age of 16 introverts:
We’re so fQd :(
Pretending to be extraverted is a skill you can practice. It may be uncomfortable at first but being good at communication is one of the first steps to success
I’m 16 and I started doing all of these things at the age of 12
I've read both of those rich dad poor dad books but not the last one
I'm 18 so I have lost this opportunity 😩
Me who is 20 and not 16 anymore 😭
We in the same boat fham 😭😭
“Recurring revenue” from mowing lawns. Just find a job. Pays better, you learn more and can actually get referrals
trail mix half a cup, sell it for 25% then then unit price
Step one: Have a rich dad
The waffle house has been found a new host
You said it wrong get a life
Did 2,3,4 but it was unsustainable either i would fail school or I can drop customers
I dropped my customers
5 was unable to me as I can't start a account in my name yet but I invested in the quality of equipment and product I didn't blow my money
He is right
Fair enough.
What index funds would you recommend to a 16 year old, ps Im 16. Thank you
Me whose 14: saves the link and sets a reminder in 2 years😁
This won't work for a lot of people. Many places where we live don't have lawns or a lawn-mower. + No one wants a kid to wash people's cars. It'll probably only work in a rich neighborhood in USA.