It’s one of life’s obvious no-brainers: money makes the world go round. And with this, it is safe to assume that the majority of us wouldn’t mind becoming millionaires, so that we never have to worry about money again. Well, if this is a very real dream for you then you might want to read the following article, giving you 10 starting point for becoming a millionaire in 2018:
1. Apps, Apps, Apps.
Smart phone apps have been a part of our lives for many years now and it is still very much the case that if you design a good one that catches on with the masses it is your fast-track path to becoming a millionaire. As you can imagine, coding and designing an app is no easy task but it will pay off big time in the long run.
Image source: innovation-village.com
2. E-Commerce Business.
Another popular modern-day business model is e-commerce, a.k.a. selling goods via an online platform be it clothing, electricals, food or anything in between. This one is quite a slow-burn sometimes because building a good e-commerce website isn’t cheap but many people have certainly found that it pays off hugely.
Image source: media3.scdn.vn
3. Investment.
This might sound like a risky one (and there is no denying that it is) but investing your money in stocks and shares is the chance that many a millionaire has taken. Of course the term ‘calculated risk’ is key so if you have some money that’s burning a hole in your pocket then maybe speak to an investment broker first!
Image source: 123rf.com
4. Property Development.
Ok we get it; a lot of these options require some start-up capital but in the case of property development when you’ve renovated your first property and reaped all the financial rewards you will see that your finances will sky rocket if you do it well.
Image source: verticalproperties.net
5. Become a government contractor.
This option will be much more practical if you have a highly sought-after skill in areas such as IT and engineering so if you haven’t got this then it might be time to start thinking about studying or a change in career path.
Image source: aicunderwriters.com
6. Gold.
This one is an oldie but a goody – not to mention another very slow burner – but buying and selling gold can still pay off very handsomely if it is done in a sensible way.
Image source: investopedia.com
7. Study the law.
… With the view to starting your own legal practice. Being a lawyer on its own is already very well-paid but if you have your sights set on the millions then starting your own law firm is a no-brainer.
Image source: dailytimes.com
8. Find a boring ‘gap in the market’ and manipulate it.
There are so many things in life that are so mundane that people are always looking for a way to avoid. This is your key. If you can design a tool, concept or business that helps the masses (for example, an app that orders your weekly shopping for you or finds you a dog-walker) then there are certainly millions to be made.
Image source: cdn.skim.gs
9. Keep on learning.
There is no such thing as too much knowledge and with the right know-how your next big opportunity could be just around the corner.
Image source: themcanallysellingsystem.com
10. Above all else, do what you love.
You won’t be able to sell an idea or product to people you’re not passionate about and many would consider this the most important starting point for your future career.
Image source: jobs.ca
