Lets break down how you can become a millionaire in 10 years, starting from nothing, and exactly what’s involved…enjoy! Add me on Instagram: GPStephan
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1850): https://act.webull.com/k/Vowbik9Tm5he/main
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c
Lets begin here:
When it comes to increasing your net worth, it only matters how much of that you can SAVE at the end of the day - not always how much you MAKE. In order to hit $1 million in 10 years, you MUST cut back on your expenses for the sake of investing early on. You must think: is one decade of frugal living worth an entire LIFETIME of the freedom to do whatever you want, without having to worry about losing your job, doing something you don’t want, or listening a some boss you dislike?
What you’ll realistically NEED to do to speed up this process is INVEST your money. If you want $1,000,000 in 10 years, it just comes down to you investing $6000 per month, every single month, for 10 years, while averaging a 7% return annually. If that happens, congratulations…you’ve become a millionaire in 10 years from investing $6000 per month.
So in order to increase your return without taking on TOO much risk of losing your money, you’re going to need to spend your time actively WORKING on your investment…and for me, as many of you know, my favorite way of doing that is in real estate. You can use your money as a down payment, remodel it, build equity, and then profit from rental income.
But in terms of increasing your income, you should work a career where your income isn’t tied to the number of hours you work. Instead, if you’re working in a sales environment, or ANYTHING that isn’t dependent on the amount of hours you work, you can scale up rather quickly if you do well.
Another option is to start your own business…this is a decision that’s obviously is a big commitment to make, but I really believe that you can hit some BIG income if you get into an industry where you can scale quickly. And online, scalability is amazing…it’s the ability to reach tens of thousands for the same work it takes to reach 10 people. Because of that, you can leverage your effort - your not TIME - to increase your income.
From there, it’s a numbers game. Here’s the video summed up:
Live Frugally and cut back your expenses.
If you’re income isn’t high enough, you’re going to need more money. The best way to do this is in a business where you don’t get paid per hour…your own business or working in sales is the best way to make more money if you’re into it.
Invest consistently. You need your money to do some of the work for you.
If you need to increase the returns, do some of the work yourself…in my example, this was real estate
Continue doing this. At this point, it’s a numbers game and a patience game…a million is just a number, and math exists to tell you exactly how long it’ll take, and what goals you’ll need to achieve in order to make that happen.
For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1850): https://act.webull.com/k/Vowbik9Tm5he/main
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c
Lets begin here:
When it comes to increasing your net worth, it only matters how much of that you can SAVE at the end of the day - not always how much you MAKE. In order to hit $1 million in 10 years, you MUST cut back on your expenses for the sake of investing early on. You must think: is one decade of frugal living worth an entire LIFETIME of the freedom to do whatever you want, without having to worry about losing your job, doing something you don’t want, or listening a some boss you dislike?
What you’ll realistically NEED to do to speed up this process is INVEST your money. If you want $1,000,000 in 10 years, it just comes down to you investing $6000 per month, every single month, for 10 years, while averaging a 7% return annually. If that happens, congratulations…you’ve become a millionaire in 10 years from investing $6000 per month.
So in order to increase your return without taking on TOO much risk of losing your money, you’re going to need to spend your time actively WORKING on your investment…and for me, as many of you know, my favorite way of doing that is in real estate. You can use your money as a down payment, remodel it, build equity, and then profit from rental income.
But in terms of increasing your income, you should work a career where your income isn’t tied to the number of hours you work. Instead, if you’re working in a sales environment, or ANYTHING that isn’t dependent on the amount of hours you work, you can scale up rather quickly if you do well.
Another option is to start your own business…this is a decision that’s obviously is a big commitment to make, but I really believe that you can hit some BIG income if you get into an industry where you can scale quickly. And online, scalability is amazing…it’s the ability to reach tens of thousands for the same work it takes to reach 10 people. Because of that, you can leverage your effort - your not TIME - to increase your income.
From there, it’s a numbers game. Here’s the video summed up:
Live Frugally and cut back your expenses.
If you’re income isn’t high enough, you’re going to need more money. The best way to do this is in a business where you don’t get paid per hour…your own business or working in sales is the best way to make more money if you’re into it.
Invest consistently. You need your money to do some of the work for you.
If you need to increase the returns, do some of the work yourself…in my example, this was real estate
Continue doing this. At this point, it’s a numbers game and a patience game…a million is just a number, and math exists to tell you exactly how long it’ll take, and what goals you’ll need to achieve in order to make that happen.
For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Im a millionare but would like to make 10 million. How would I start?
So I guess the price of H&M shirts went up
Yoyoy
Thank you for breaking down the math for making the first million! I can see your dedication to help others with your knowledge! Much respect, Graham!
I make 40,000 a year how do I do?
He says $0 to $1 million but from my understanding it all depends on your salary… So where does the $0 come into play? Thought he was gonna go more in depth with what he recommends to invest in rather than wasting half the video on how to save money…
Enough money to invest & can spend as much by making more money
Spend like a broke person or Like I make a mc Donald’s celery lol
How was your duplex bought, though? I also want to live for free.
Hippie quote or says but it’s what I’m experiencing:-)
Thank u so much for this!! Your my go to . For financial mentor. Please never stop making videos! We need u
YES YES YES………..live like you are broke! You will get use to it with time. Show my someone who wears brand names clothes and has a bling car and I"ll bet you $100 they are debt poor. Live frugally for just a year and it WILL become habit. If you want it bad enough you can do it too.
My husband is a high producer and buys stacks of shorts from Sam’s club😊
live poor, lol. f that just get more $$
I watched this video because I wanted to be a millionaire
Thanks 🙏🏿 wonderful.
Watched this to be told me making my $25,000 a year will never get me to be a millionaire 😭🤦🏼
Here's what happened to me: from ca 1997-2008 I worked low-paying jobs with total income below $30k a year. By 2008 I had saved up $20k and bought a condo to live in. I sold the condo, which hadn't appreciated a penny, in 2019. I did walk away with ca $80k after all expenses and paying some credit card debt. I invested the $80k in Spring 2020 and it turned into $400k by November 2021. Not quite millionaire yet, but never been so close. Hoping it will be close to million by 2025. What did I invest in? The usual suspects.
How do you protect your money after you reach $1 million dollars in your Roth Ira?
Spent the first 40 seconds trying to figure out if that was an Exige
If you start investing half your income every year and stop buying crap you don't need, congrats you just doubled your salary.
So Graham, I'm not sure if you clarified this but… So when you do that with the first property (in which u have achieved a 40k profit in equity) are you selling this property and using the initial 40k investment to repeat the process? Or are you renting each subsequent property out as you do this? Also, when you mentioned 10k in renovations and that 2x'ing the property worth, are these just general renovations? (I.e. cabinets, counter tops, etc.) or are there certain things that matter to prioritize in this process? How much risk do you think there is in doing this? And without having full cash when doing this, how are you managing to talk someone into buying a property 20k under market value?
buy ADA
Graham at least by sustainable clothes! Obviously don't overspend on clothes but dont buy them so cheap too.
im making 3000 dollar month :/ thats a lot in europe
20 yrs old
Net worth: 5k see u in a year