Wise man says, to make the first $1,000,000 is much easier than the first $100,000.
The logic behind is compound interest, the most powerful force in the universe.
The common way for most people to make money is to be an E (employee), S (Self-employed), B (Business owner), I (Investor).
The difference between rich and poor is how they invest their time and energy.
(left: rich people; right: poor people)
With the goal and the mindset ready, here’s how people made their first $100,000.
I set my goal of saving $100,000 five years after graduated from college. My plan is to save at least 20% of my income and stick to it.
Aside from daily work, I also do all kind of paid jobs to increase inflow.
I keep track of my spending, and do a monthly review. I sort the spending by Must, Need and Want. Put a strict control on the “Want”. The trick is, when I really want something, I put it in the “chart”, and come back 30 days later to see if I still want it. Works every time.
And I reached my goal 1 year prior to the set deadline.
2) Tod. S
I put a huge amount of time and energy into building up my business on Amazon and maintaining them. That’s how I generated my first capital.
Then I started investing in companies and start-ups.
Investing is better than saving. Invest your salaries and saving on different things.
Find a way to generate your capital as quickly as possible and start investing.
3) Allison. B
I made my first pot of gold sourcing Wireless Lan Driver. Bought them in for $10 and sell them for $100. At the peak time, I could made more than $1000 just for one day.
Then I started building my team and turn it into a business. The team members I gathered are all good people. I never held back any of my knowledge or information. I wanted the best for all. And we were a great team.
And now they all turned out great. Owning houses, cars and wealth in metropolis.
These are just a few examples of how people actually made their first $100,000. It’s never too late to start building your own goal and achieve it step by step.