How to Make Your First $100,000

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The wise man said that making the first $1,000,000 is much easier than making the first $100,000.

The logic behind it is compound interest, the most powerful force in the universe.

The common way most people make money is to become E (employee), S (self-employed), B (business owner), I (investor).

The difference between the rich and the poor lies in how they invest time and energy.(Left: the rich; right: the poor)

With goals and mindset, here is how people made their first $100,000.

1. Brian

I set a goal of saving $100,000 after five years of college. My plan is to save at least 20% of income and stick to it.

In addition to daily work, I also do various paid jobs to increase the inflow.

I will keep track of my expenses and review them once a month. I sort expenditures in the way they must, need, and want. Strictly control "want". The trick is, when I really want something, I put it in the "chart" and then come back 30 days later to see if I still want it. It works every time.

I reached my goal a year before the set deadline.

 

2. Tod. S

I invested a lot of time and energy in building and maintaining my business on Amazon. This is how I generated my first capital.

Then I started investing in companies and start-ups.

Investment is better than saving. Invest your salary and save on different things.

Find a way to generate funds as quickly as possible and start investing.

3. Allison. B

I did my first pot of gold purchasing wireless LAN drivers. Buy them for $10 and sell them for $100. At peak times, I can earn more than $1,000 a day.

Then I started to build my team and turn it into a business. The team members I convened are all good people. I never conceal any of my knowledge or information. I want the best for everyone. We are a great team.

Now they are all great. Owning houses, cars and wealth in metropolis.

These are just a few examples of how people actually made their first $100,000. It is never too late to start establishing your goal and gradually achieve it.

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