You can earn money by doing long studies and building a good professional career, but it often goes slowly … Not everyone has the same level of patience and perseverance. If you want to quickly build your fortune, ‘acting directly’ is probably the best way to start.
Millionaire Timothy Sykes knows it perfectly. He invested the money from his bar mitzvah on the stock market from an early age. In no time, he became a successful entrepreneur, a real estate agent and an experienced broker. While at University, he traded between courses by buying and selling securities on different stock markets. The money he received during his bar mitzvah was well invested since his personal fortune was already $ 4 million before he graduated.
1. Be prepared to make sacrifices:
Making money without doing anything is very rare. You will definitely have to make choices and work hard. Your social life will probably be impacted. In conclusion, concentrate, work in a targeted way and learn continuously.
2. School must not be a priority:
Studying or specializing in a subject is useful, but if you are really motivated and know what you want, you can come up with something.
You will learn by practicing, reading books, following tutorials and searching for information. Studying costs money and takes time. You ‘will lose’ a few years during which you could have made money and your dream may have passed under your nose when you graduate.
It can happen to combine the quest of his dream with his studies. More and more schools are promoting entrepreneurial spirit as well as academic training. You learn to move forward while trying your luck.
3. You will not necessarily get it right the first time:
Make. Undertaking. Try. Learn from your mistakes. If you fail now, you’ll know what to do next. Even Thomas Edison had not invented the perfect lamp the first time. One of his famous quotes is: “I did not fail 10,000 times, I managed to find 10,000 combinations that did not work”. All contractors must take this into account. Perseverance is invaluable.
4. Do what nobody wants to do:
Nobody wants to do a boring job, the demand is great at this level. Create space to be the best in a discipline, specialize and appoint yourself.
5. Or opt for the most popular sector:
You can also point to the most popular discipline where everyone is investing. Think of start-ups in the IT sector and other inventive niches. Being first is a must. Take care of latecomers, analyze the different trends and make sure you are irreplaceable.
6. Do not limit your offer:
Previously, where you lived, where you work, and how accessible you are is very important. Nowadays, the Internet has changed the game and removed all these obstacles. No matter where you are, the information is available everywhere if you have a smartphone or tablet at hand. Follow online trends and learn to stay current with digital news. If necessary, you can even build your entire business on the Internet.
7. Do not set limits:
Setting goals is necessary to achieve your goals, but avoid self-sabotage. You have reached your goal, what to do next? Do not stop, keep growing. Challenge yourself and make sure money is not your only motivation. Internal development, additional training, personal achievements, these are excellent sources of motivation. Always believe that you can do more. It’s not for nothing that a television show about wealthy Belgians is called ‘The sky is the limit’.
8. Profit is not everything:
Profit is one thing but not everything. Growth is much more important. Jeff Bezoz from Amazon confirms it perfectly. He invests in small start-ups from left to right and continually growing, which leads him to more and more success. The financial aspect follows naturally.
9. Be transparent:
Do not start lying to people. If you are unmasked, your wealth can quickly be short-lived. You will advance much more effectively by being trustworthy. Cooperation, honesty and transparency are crucial elements for optimal relationships with your customers and colleagues. By lying all around your line, you put your reputation at stake. The latter plays a significant role in your wealth.
10. Do not spend your millions before you reach your goals:
Investing is a good thing, but if you do not pay a little attention, your money will melt like snow in the sun. Keep a journal with your accounts up to date and separate private and professional expenses. If you invest money in things that have no added value or do not earn anything (useless luxuries, ostentatious parties or questionable payments), your road to fortune may be fraught with difficulties.