A lot of people who relish the prospect of making a career change
in their lives, seeking to ditch their day job and work for themselves,
often want to do so with a bang and subsequently come up with questions
such as "How do I make a million dollars in a year, working for
myself?"
If you are really ambitious and progressive in thought, then this is the perfect way through which that is demonstrated, since a million dollars accounts for a comfortable amount of money to be sitting on, by any stretch of the imagination and there is no doubt about the fact that it is not all that easy to make that amount of money, otherwise everybody, including you, would have done it by now.
Working from home particularly, it is much more difficult to amass amounts of up to a million, but that in itself is rather paradoxical because the mere act of working for yourself is the only way through which you can reach figures of up to a million, in one year.
Your day job certainly isn't accounting for you earning a million dollars a year, hence your eyes have come across this article in the first place, and secondly, you have read this far down the page.
It cannot be stressed enough -- if you want to make a decent amount of money very quickly, you will have to have a lot of sources of income which are as passive as possible.
This means that you will have to invest in income structures that function independently of you having to put in your time and effort physically, so as to work on increasing those sources rather than spending a lot of time working for each dollar.
If you are self-employed, it is just the same as going to your day job as, in this way, you are either selling your skills or your time, or both, and you won't really live to see the kind of income that would contribute towards you making your million in twelve months.
The question should thus change from "How do I make a million dollars in a year, working for myself?" to "How do I make a million dollars in a year?" of which the answer is simply generate multiple income streams that are passive.
That is where your thinking should change from the reliance on working to investing. Working is good if you still have a lot of energy and time to invest, but even then you should only be working in order to firstly cover your living expenses and secondly to create some sort of working capital which you will then put into investments.
Nobody should work forever -- you only have peak energy levels in the earlier stages of your life and it would be shame to have to work until you are well into your sixties, as life would have passed you by, by then.
Work, work, work, save, save, save and then invest in passive income streams. That way, your million-dollar-bank account will be alive and well within a year.
If you are really ambitious and progressive in thought, then this is the perfect way through which that is demonstrated, since a million dollars accounts for a comfortable amount of money to be sitting on, by any stretch of the imagination and there is no doubt about the fact that it is not all that easy to make that amount of money, otherwise everybody, including you, would have done it by now.
Working from home particularly, it is much more difficult to amass amounts of up to a million, but that in itself is rather paradoxical because the mere act of working for yourself is the only way through which you can reach figures of up to a million, in one year.
Your day job certainly isn't accounting for you earning a million dollars a year, hence your eyes have come across this article in the first place, and secondly, you have read this far down the page.
It cannot be stressed enough -- if you want to make a decent amount of money very quickly, you will have to have a lot of sources of income which are as passive as possible.
This means that you will have to invest in income structures that function independently of you having to put in your time and effort physically, so as to work on increasing those sources rather than spending a lot of time working for each dollar.
If you are self-employed, it is just the same as going to your day job as, in this way, you are either selling your skills or your time, or both, and you won't really live to see the kind of income that would contribute towards you making your million in twelve months.
The question should thus change from "How do I make a million dollars in a year, working for myself?" to "How do I make a million dollars in a year?" of which the answer is simply generate multiple income streams that are passive.
That is where your thinking should change from the reliance on working to investing. Working is good if you still have a lot of energy and time to invest, but even then you should only be working in order to firstly cover your living expenses and secondly to create some sort of working capital which you will then put into investments.
Nobody should work forever -- you only have peak energy levels in the earlier stages of your life and it would be shame to have to work until you are well into your sixties, as life would have passed you by, by then.
Work, work, work, save, save, save and then invest in passive income streams. That way, your million-dollar-bank account will be alive and well within a year.
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Yours in Success...
God bless..
Ms Ranjini "Jini" Charley
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