I explain how to start passive income with no money. I'm a millionaire starting again from scratch with zero money! I discuss dropshipping, business, side hustles and investing.
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If someone took everything away from me, my businesses, investments and all my money in the bank. Would I be able to start from scratch and become a multi-millionaire again?
My first move would be getting the highest paid job possible if this is minimum wage working in McDonalds, Walmart or anything like that then that will be fine. The only purpose of this job is to establish an income stream. Without money it’s very hard to accomplish anything, instead of thinking of it as a drug I will be using it as a fuel to propel me towards my goals.
My second move would be to establish a side hustle or side job of some sort. Back when I was younger I used to catch and sell fish but the times have moved on. Selling fish door to door from a shopping cart may not be seen as hygienic any more but I had great fun catching them and selling them was just a bonus !
Dropshipping is when you take a product from a supplier, market and advertise it online and then get the supplier to ship it directly without ever physically touching the item. Running a profitable drop shipping store requires you to learn the basics of business, how to run ads on social media, how to build a website, copywriting, graphic design and in some cases video editing.
Build an emergency Fund - This is a savings account with 3-5 months of my living expenses.
Open a vanguard account and start consistently investing into low cost index funds like the s&p 500 which is a collection of the top 500 companies in the USA. By starting at such a young age I would be able to take advantage of compound interest.
My third move would be building a strong network of connections. An important part of this would be finding a few mentors to help guide me.
My fourth move would happen the day I turn 18 and it would be getting a credit card. A credit card has so many benefits including protection on purchases, points you can use for free travel, cashback and most importantly building your credit score.
My 5th move is when things start to really come together. I would use the money, skills and connections I had been building to start a scalable business.
It would be time for my 6th move, diversify and focus on my personal portfolio.
50% of my portfolio would consist of Real Estate. As rental properties can generate income all year round. The rental income is great and will pay off the mortgage but the increase in value of the property is generally fantastic if you buy right.
25% of my portfolio would be in index funds this will allow me to keep growing my wealth with the stock market.
Pension accounts would make up 10%. 12% would consist of Investing my money into businesses seeking investment. This would be a lot like you see on dragons den and shark tank in return for a percentage of their business I would offer my money, mentoring and network of connections. I like this type of investment as it allows me to use my business skills to influence the success of my investment which investing in the stock market can’t give me!
I would use 2.5% of my portfolio to dabble in individual stocks. This is the money I can afford to lose AND HAVE A BIT OF FUN WITH.
I would reserve 0.5% for the most risky investment bitcoin.
CONTACT:
For business inquires only, please use this email: mark @marktilburycoaching.com
*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Hi, it's mark recently i've been seeing this question pop up on my instagram post. If someone took everything away from me, my business, my investments, all my money in the bank, would i be able to start from scratch and become a multi-millionaire again. Well, funnily enough, that's the exact same question. I asked richard branson when i was around his house having lunch.

Well, the short answer is the same as his yes, i would be able to achieve it again, but what i really think is i'd be able to achieve it around about half the time or less, but of course the interesting part is not. If i think i could do it, but it's how i could go about doing it. So here are the three basic rules to this challenge, one i have to do it from a starting date of 2020., who i go back to being 16 year old and three. I keep all my business and invest in knowledge now the challenge will be to find the fastest way to move from employee to self-employed to business, owner and finally, investor.

By watching this video, all the way through you'll have access to an exact roadmap. I would personally use to become a millionaire from scratch in the modern age. If you listen and use the information i'm about to share with you, you could be the next millionaire, but the first step along the path is to smash that like button okay, then so we've got to get ourselves into that age. Pod, which is going to make me 36 years younger, i, like the sound of that just imagine a 16 year old me.

I've just left school with no qualifications. I don't have any money, but i do have a dodgy hairstyle to top it all off. The world has experienced a global pandemic, causing unemployment to rise to near the levels of the great depression, and the stock market has become so unpredictable. Things might not look great at the moment, but in my opinion, this new world offers opportunities more than you might first think, especially if you know where to look so you can keep track of the challenge.

I'm going to put a counter down here. It's going to track the time and my net worth for every stage in the video. So let's set it to zero and get started where's all my money gone. My first move will be getting the highest paid job possible.

Now, if this is at minimum wage, working from mcdonald's or walmart or anything like that, that'll be fine, the aim isn't to be comfortable. That's actually the worst thing it can be when you get paid just enough to make you comfortable, your salary becomes a drug, and that makes you forget all your dreams. The only purpose of this job is to establish an income stream without money. It's very very hard to accomplish anything instead of thinking of it as a drug.

I will be using it as fuel to propel me towards my goals. My second move would be to establish a side, hustle or a side job of some sort. The pandemic has fast tracked, the digital revolution. Online shopping is more popular than ever, and the internet is an unbelievable tool for our new entrepreneurs.
Online marketing would be the number one high income skill that i would want to learn. The best way for me to do that and make some money on the side will be to set up a drop shipping store drop. Shipping is, when you take a product from a supplier market and advertise it online and then get the supplier to ship it directly to the customer, for you allowing you to make a small profit without even physically touching. The item on youtube drop.

Shipping is advertised as this awesome way to make lots of money without doing any work. You know what that's not really the reality running a profitable drop shipping store requires you to learn the basics of business: how to run ads on social media, how to build a website how to write in a way that makes people want to buy graphic design. In some cases, video editing, i'd approach, lots of local businesses and shops and talk to them about the stock they've got sitting around that they can't sell. Almost every business has stock, it wants to get rid of, and normally this will be.

You know the end of a line product, for example, some it's gone a bit out of date and with all my online marketing knowledge i'd be in the perfect position to help them. So you could say, look i'll! Tell you what i'll give you 50 of what i sell it for now. If that's in cash, any business owner is going to be very happy. It's a win-win situation.

I'm a big fan of learning while you're earning. So this is where i would take a real step back here and take a deep breath before taking on the hurdle, so many people fall at and that's lifestyle inflation. This is when people increase the amount that they're spending on their lifestyle as their income increases. Maybe to impress their friends or they see it as rewarding themselves.

They end up living a lifestyle, that's paycheck, to paycheck, even on a good income. To avoid this, i would create a budget and stick to it religiously. I need to have enough money to do three. Extremely important things, one i'll build myself an emergency fund.

This is a savings account with three to five months of living expenses to be used. If something unexpected comes up and that'll help me stay out of debt, two invest in a pension account every year without fail. Three open a vanguard, account and start consistently investing in low-cost index funds like the s p. 500.

I mean this is a collection of top 500 companies in the usa. You can't go wrong by owning a part of all of them. The money will grow with the usa economy, which term has always increased, and by starting at such a young age, i would be able to take advantage of compound interest and, if you're familiar with the snowball effect, you already know that something can build upon itself. My third move would be building a strong network of connections.

This means cutting off the people that are holding me back and making friends with people that are going to push me forward. An important part of this would be finding new mentors to help guide me. Their insights would be extremely valuable as they're able to see my situation from a different perspective, i could bounce various ideas off them and hear their opinions now i'll. Do this by using social media to grow my personal brand and documenting my journey.
Everyone is online now, and i want to take advantage of that attention and publish as much content as possible. This is the fastest way to expand your network and attract like-minded people. When people feel a personal connection towards you, then it opens up many many doors. Even more than you could imagine, my fourth move would happen the day i turned 18.

It would be getting a credit card. In my opinion, this is one of the best things you can ever do as long as you use it correctly. A credit card has so many benefits, including protection on purchases points you can use for free travel, cash back and, most importantly, building your credit score. The younger i'm able to start building my credit score, the better because it means in the future that when i'm ready to invest in property and things like that, i'll have better access to better loans, but be warned.

Credit cards are like fire. They keep you warm, but they can burn you depending on how you use them. So only ever buy the things that you would be buying anyway, like gas or groceries. I would make sure to pay them off in full at the end of every month.

In order to avoid paying any interest or late fees, move number five will be asking you to smash that thumbs up button and ring that bell. If you haven't already done it, it really helps youtube. Show my videos to new people. My fifth move is: when things really start coming together, i would use the money, the skills, the connections i had built during all of this startup time and then i'll make a scalable business.

Once i'd identified a gap in the market most likely within an online or a software niche as soon as the business shows promising science, i would go full throttle at it and grow it as fast as possible. There is no point in growing slowly, as my competitors would be catching up to me and every day i wasn't selling to as many customers as possible. I'd be effectively just losing money. I would reinvest as much of the profit as possible back into my business.

The main aim would be setting it up in a way - that's not reliant on me and my time. I'd also want to make sure that there were multiple income streams within the business in case, for any reason that one of them was cut off once my business was able to support itself and it was making money on almost autopilot. It would be time for my sixth move, diversify and focus on. My personal portfolio, 50 of my portfolio would consist of real estate, as rental properties can generate income all year round.
I'd make sure to take into account the school links, income level of the area and also, if it's an up and coming area, the rental income is great and it will pay off your mortgage, but the increase in the value of the property generally is fantastic. If you buy right, the wealthiest people nowadays collect property. The way they used to collect classic cars. Interest rates are low, prices are falling and you don't have to tie up a lot of cash in the investment and with apps like airbnb.

I could also consider short-term renting 25 of my portfolio would be in low-cost index fund like the s p 500. As this will allow me to be growing. My wealth with the stock market pension accounts would make up 10. I always think the word pension sounds like old age old and i think that's the reason why it puts a lot of young people off doing a pension.

The truth is the word, may be old, but they're, one of the best and most tax efficient, long-term investments. You're likely to ever make 12 percent will consist of investing my money into businesses seeking investment. This would be, you know a lot like dragon's den or shark tank in return for a percentage of their business. I'd be offering my money, mentoring and connections.

I would use two and a half percent of my portfolio to dabble in individual stocks. This is money that i can afford to lose, so i can have a bit of fun with it. Maybe purchasing a bit of tesla a bit of apple who knows, but you can just have a little plate and you never know where it's going to take. You i'd reserve half a percent for the most risky investments, such as crypto currencies.

Now you've got to be careful here. You've got to do an established brand like bitcoin, although i wouldn't recommend this to anyone that doesn't already have a strong investment portfolio established and can afford to take the risk. I'm opening myself up a little bit to the possibility of reward without worrying about any losses. If cryptocurrencies see another boom like the last 10 years, then i want to make sure i get my fair share.

If you like this video, then you're going to love this next one i'm going to leave it right here for you, but don't click on it just yet. If you like, the video drop a like on it for me and subscribe to the channel and ring that old bell. If you want to grow your wealth okay, so you can click on it. Now i'll see you over there.


By Stock Chat

where the coffee is hot and so is the chat

34 thoughts on “Passive income plan: millionaire starts again from scratch! (no money)”
  1. Avataaar/Circle Created with python_avatars Paradise Music Library says:

    All who read this will now be blessed with financial security and abundance in all areas of your life. You are an amazing being. You are very important to this planet. Be happy and shine! β­πŸ™πŸ’–

  2. Avataaar/Circle Created with python_avatars andres Alex heister says:

    <Stay calm, these consolidation periods are temporary.We do expect inflow from investors switching out of Gold ETFs into BTC and also crypto analyst Rico Alan has been doing a great job reviewing all chart trades and techniques on BTC which has enhance the growth of my portfolio. This is an opportunity to both new and old investors by learning and implementing his tips for trading.. ..

  3. Avataaar/Circle Created with python_avatars Marshall Hymel says:

    These methods just don’t work in todays(2021) market, boomers just don’t understand what it’s like to start out in todays market. We need something real

  4. Avataaar/Circle Created with python_avatars Joanne Arctic says:

    I needed to hear this today, some encouragement. Very difficult to start a business from scratch without any help .❀

  5. Avataaar/Circle Created with python_avatars Capricefn says:

    36 years younger to 16 years old? So you telling me this guy is only 52. I thought he was some grandpa trying to teach young people how to make money.

  6. Avataaar/Circle Created with python_avatars Michael W says:

    I agree whole-heartedly in your choices in this exercise, but it doesn't really deal with any of the "realities of life" hitting – medical, major medical, divorce, disease, death, etc, etc … I question when all this (Vanguard, Roth IRA, and Emergency Fund) is available to the average person out there. I'm 56 now and heavily invested with crazy low expenses – financially blessed, and still I am just getting around to all this last year) to develop my portfolio. I do really appreciate what you offer here, because golden info is passing to needy people. peace and love

  7. Avataaar/Circle Created with python_avatars Richard Moose says:

    BEST FOR EVERYONE ———————————————————————————————————————————————————————————————————————————————————————————————————————————- I got up to 6.03btc from TheSpaceHackersCom

  8. Avataaar/Circle Created with python_avatars Richard Moose says:

    BEST FOR EVERYONE ———————————————————————————————————————————————————————————————————————————————————————————————————————————- I got up to 6.03btc from TheSpaceHackersCom

  9. Avataaar/Circle Created with python_avatars Richard Moose says:

    BEST FOR EVERYONE ———————————————————————————————————————————————————————————————————————————————————————————————————————————- I got up to 6.03btc from TheSpaceHackersCom

  10. Avataaar/Circle Created with python_avatars Olayinka Oluwasegun says:

    THE BEST DECISION I EVER MADE IN MY LIFE WAS INVESTING IN FINANCIAL MARKET. TRUST ME GUYS, IT PAYS!

  11. Avataaar/Circle Created with python_avatars Hola! Taz Staats says:

    When you invest, you’re buying a day that you don’t have to work.. I pray everyone reading this becomes successful.

  12. Avataaar/Circle Created with python_avatars Hola! Taz Staats says:

    When you invest, you’re buying a day that you don’t have to work.. I pray everyone reading this becomes successful.

  13. Avataaar/Circle Created with python_avatars Hola! Taz Staats says:

    When you invest, you’re buying a day that you don’t have to work.. I pray everyone reading this becomes successful.

  14. Avataaar/Circle Created with python_avatars Hola! Taz Staats says:

    When you invest, you’re buying a day that you don’t have to work.. I pray everyone reading this becomes successful.

  15. Avataaar/Circle Created with python_avatars Mandy Brent says:

    The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

  16. Avataaar/Circle Created with python_avatars Mandy Brent says:

    The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

  17. Avataaar/Circle Created with python_avatars Mandy Brent says:

    The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

  18. Avataaar/Circle Created with python_avatars Mandy Brent says:

    The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

  19. Avataaar/Circle Created with python_avatars Sana Paul says:

    I appreciate what you’ve done just a random thought come to my mind that I have to thank you for being so kind for the $73,000 , I want to thank you for making my life better there’s no man like you. I’m so grateful thanks

  20. Avataaar/Circle Created with python_avatars Sana Paul says:

    I appreciate what you’ve done just a random thought come to my mind that I have to thank you for being so kind for the $73,000 , I want to thank you for making my life better there’s no man like you. I’m so grateful thanks

  21. Avataaar/Circle Created with python_avatars Sana Paul says:

    I appreciate what you’ve done just a random thought come to my mind that I have to thank you for being so kind for the $73,000 , I want to thank you for making my life better there’s no man like you. I’m so grateful thanks

  22. Avataaar/Circle Created with python_avatars Sana Paul says:

    I appreciate what you’ve done just a random thought come to my mind that I have to thank you for being so kind for the $73,000 , I want to thank you for making my life better there’s no man like you. I’m so grateful thanks

  23. Avataaar/Circle Created with python_avatars Fernando Deasy says:

    Take that step today into preparing for your future , don’t sleep on it , it’s never too late to begin , I am really happy I found the that works for me , I hardly do anything at home these days

  24. Avataaar/Circle Created with python_avatars Fernando Deasy says:

    Take that step today into preparing for your future , don’t sleep on it , it’s never too late to begin , I am really happy I found the that works for me , I hardly do anything at home these days

  25. Avataaar/Circle Created with python_avatars Fernando Deasy says:

    Take that step today into preparing for your future , don’t sleep on it , it’s never too late to begin , I am really happy I found the that works for me , I hardly do anything at home these days

  26. Avataaar/Circle Created with python_avatars Fernando Deasy says:

    Take that step today into preparing for your future , don’t sleep on it , it’s never too late to begin , I am really happy I found the that works for me , I hardly do anything at home these days

  27. Avataaar/Circle Created with python_avatars Kabardian Maragato says:

    My only regret is not finding out about them sooner , I just got my first car a Porsche and it’s all thanks to them

  28. Avataaar/Circle Created with python_avatars Kabardian Maragato says:

    My only regret is not finding out about them sooner , I just got my first car a Porsche and it’s all thanks to them

  29. Avataaar/Circle Created with python_avatars Kabardian Maragato says:

    My only regret is not finding out about them sooner , I just got my first car a Porsche and it’s all thanks to them

  30. Avataaar/Circle Created with python_avatars Kabardian Maragato says:

    My only regret is not finding out about them sooner , I just got my first car a Porsche and it’s all thanks to them

  31. Avataaar/Circle Created with python_avatars martynax33ily says:

    Successful people don't become that way overnight .most people you see as a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

  32. Avataaar/Circle Created with python_avatars martynax33ily says:

    Successful people don't become that way overnight .most people you see as a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

  33. Avataaar/Circle Created with python_avatars martynax33ily says:

    Successful people don't become that way overnight .most people you see as a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

  34. Avataaar/Circle Created with python_avatars martynax33ily says:

    Successful people don't become that way overnight .most people you see as a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

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