Shortest Path to Wealth for Millennials
Are you a millennial looking for the shortest path to wealth? Getting rich quick is not only doable, but if you have half a brain and the right attitude it is definitely possible. Now don’t get me wrong. Many people out there both young and old are talking about their dream of becoming rich one day. However, they are all talk and no action. It is the people who take risks and the necessary action in their lives that accomplish the most. I am not talking about being stupid or careless with money. However, I am talking about the ability to take well calculated risks that are almost guaranteed to bring financial success.
I know that most people out there live like a bunch of monkeys. They work for someone else for little to nothing and feel scared to lose that wonderful retarded job where they are abused and under appreciated. What if you could do things differently? What if I told you that there was a better way and you could really have it all? Would you believe me or would you think that I am just saying that because I already have it all. The truth is that even the poorest and most miserable person out there can get themselves out of financial trouble if they are willing to work hard enough and make the necessary personal sacrifices.
Yes, you heard me right! I said PERSONAL SACRIFICES! I know I know…people who have money seem to have it easy, right? However, have you thought about what they actually have to do day in day out to be where they are today? Have you considered what personal sacrifices they had to make in order to become the success they are today? Well, I will tell you that truly successful people pay a high price to be at the level that they are at. They regularly give up relationships and other things average people might enjoy in order to have what they have.
I will give you an example. Take a look at Donald Trump for instance. Yes, this man lives a fancy lifestyle and is very powerful and famous. He also looks pretty good for his age and has a hot wife. However, he only sleeps three hours per day, has his whole private life constantly on display, and has to take lots of shit from the media and other semi successful politicians who would love to get a piece of him! So there you have it! Lets not forget about his failed marriages because he just works too damn hard..well, maybe its also because he isn’t loyal.
Let me get back to my original point here. Yes, it is possible for millennials and everyone else to build wealth in a short amount of time. Now, you will probably ask how to do it. There are many ways and different people may have different opportunities available to them and different financial means. However, no matter what your personal situation is, it is still possible to create wealth in a relatively short amount of time if you are extremely hard working and you have a positive attitude about money and taking financial risks.
Some people one moment talk about being rich, but the next moment they say that money does not matter and that rich people are evil. One moment these people talk about starting their own business and going back to school and the next moment they get scared and take no action or make excuses as to why certain things are not possible.
Yes, I must admit this would be a rather inconvenient journey for some requiring lots of personal sacrifice and hard work along the way, however, if you are truly committed to building wealth within a short period of time your hard work will definitely be worth it. Now let me get into the nitty gritty details for a moment here. There are definitely many paths to wealth and not all of them are equally long and equally difficult. Once again, it does depend on your own talents and individual circumstances.
Some people might have a hobby that they might turn into a business for instance. Other people might benefit from going back to school and getting their MBA for instance. Others might benefit from doing side gigs or working overtime. You could be a person who holds two or more jobs.
Personally, I loved blogging. I have a talent for writing. So what did I do? While working as a Customer Service Representative for a Cable company I have invested three thousand dollars to build this website. I knew the road to making a profit would be long and tough. I knew that at the time I could not afford to invest in professional SEO services and therefore would have to do all the website marketing and link building myself. Although it took me several years, my website is off to a good start. I have finally achieved a good MOZ directory ranking and I have a decent amount of backlinks. These things make my website competitive when it comes to Google ranking. I have written most articles myself, however, currently there are over 500 members registered with spiralnotes.com. I am very close to receiving my first Adsense payment and I am so proud of how far I have gone. Although my achievement is not great financially, this website was like my baby and I have helped it grow. Currently, spiralnotes.com is expanding at a very fast pace and I hope that I can keep up. Once my traffic really picks up I will work to attract other advertisers to supplement my Adsense income.
I also recently have gone back to school and I am doing my MBA in Finance. Although I will be accumulating lots of debt and have had to make some difficult choices in my personal life, I do feel that I am well on my way to financial freedom. I will soon begin the process of applying for internship opportunities and so it goes. In my spare time, I also enjoy doing side gigs like being a part of a studio audience and focus groups. My life has not been easy by any means, but every sacrifice and hour of hard work has been so worth it on a very personal level.
I find that people who are truly successful in life are not willing to settle for less. They are willing to do almost anything it takes to reach a certain level of success where they see themselves being happy and comfortable. Now, I know that not everyone has the same requirements for success. For instance, some people feel good about themselves if they live in a fancy mansion and others just need a small one bedroom apartment. I comfortably fit into the first category.
Coming from a poor family, I did not always have a positive relationship with money. Because my family always had so little and quiet frankly were too lazy and ignorant to work for anything more, they alway taught me to associate wealth with greed and bad character. However, as I grew older I came to realize that you can be greedy and have bad character no matter if you are rich or poor. So I stopped feeling guilty about wanting the finest things in life and I began to develop self acceptance.
Yes, there are people who might call me a materialistic bitch! But so what? I am proud of that title! You know why? It is because I do what they cannot and never will! It is because I found it in me to go after what I really wanted in life and not apologize for it. Yes, I work damn hard every day and often have to sacrifice my personal life. However, I hate mediocrity on all levels and just would not be happy settling for less. Once again, no judgement on anyone who is okay with less. I am just not one of those people and that is okay with me.
So what does all this ambition really mean for someone like me? Well, it means that I have to be very selective about the people that I allow into my life. It means that I have to be very mindful about how I spend my time and money. Also, it means that I have to take very good care of myself, because I know that if I don’t no one else will. Since I am bound to be spending lots of time alone and working very hard to accomplish certain personal goals, I have to take great care of myself.
Well, just to give my fellow millennials some practical advice on how to build wealth quickly, I would definitely say not to make foolish stock investments they way I did. I have invested in a company that clearly had no real growth potential in the short term and was not a big and popular stock. I also put all my eggs in one basket and ended up losing like five thousand dollars and also spent about one year just waiting for the stock to go up. It finally did go up in price right after I sold it and I felt so miserable and stupid! Don’t do it people! Stock investing is usually for people who have several years to wait until their stock goes up and also can afford to lose the money that they have invested. At the very least, if you are going to try investing in the stock market, I recommend buying stocks for companies that are about to undergo a major expansion. These stocks are almost 100% guaranteed to go up within the year. So if you are smart and patient, your investment is bound to pay off. Otherwise, like my accounting professor said “stock investing is just another form of gambling”. Some people unfortunately actually get addicted and lose all their money. Some men in particular have their egos strongly tied to their stock portfolio. So when their stocks go up they are on top of the world. When their stocks go down, they feel like they are the biggest losers! Trust me, you do not want to find yourself in this predicament.
Now other than stock investing, you might want to stay away from making rash decisions when it comes to large purchases like buying cars or houses. You may also think twice before getting married or having children. Really, as millennials, you need to be the smarter generation and realize that government has no more money for you. Even though you pay an arm and a leg in taxes for everything you do, when you are old a grey, sadly, the government will not be there for you. Also, there is a very good chance that your family will not be there for you as well that that you will die all alone like a damn dog! Yes, I said it. This is the sad truth. No one really cares about anyone else unless there is something in it for them! So you need to be prepared to spend your last days in relative isolation. Maybe you can save for a nice retirement home or maybe at least you can have a live in maid and a nice house. Really, I want to die well taken care of. This means what you need to do is find a way to earn money in a relatively effortless way that will last into retirement. You need to eliminate all the fancy purchases. You need to not take stupid risks with investments or relationships! If you have money or property, protect yourself with a prenup in the event you get married. Most marriages are a damn scam and the chance of you actually meeting a half decent person out there, let alone your soul mate are slim to none. Well, in the end most people will not follow this advice and will still take all the stupid unnecessary risks that I have warned about. After this they will write a blog just like this one and such is life!