How to enjoy extreme wealth?
2. Win the lottery. One chance in millions that hasn’t occurred either.
3. Buy into a “get rich quick scheme.” The only thing you can expect is to lose your buy-in money.
4. Start a business. It won’t happen overnight, but if you work on your business and not just in it, you can create extreme wealth.
The “top one percent” own businesses. The fact is the higher your adjusted gross income, the more likely it is that you are a business owner.
A recent post on Quora makes a point we believe you need to know and understand. Anyone can be a millionaire!
Written 11 Dec 2016
I have a friend who speaks extremely highly of me. Although I’m tremendously flattered about how she feels about me, I simply don’t agree with her. I don’t think I’m extraordinary at all.
I believe she mostly speaks favorably of me because I’m a self-made millionaire. We both went to school in a really rough zip code. We were two of the very few white people in our class. We were the minority.
But growing up in the ghetto-zip gave us perspective. We learned to work hard. We learned that things in life aren’t given to you. We were discriminated against. We didn’t take things for granted. Matter of fact, she still works her butt off, working two full-time jobs as a single parent.
The truth of the matter is that there are a lot of self-made millionaires out there. I would go out on a limb and say that most self-made millionaires are nothing special. Many of these wealthy people started their own businesses or accumulated wealth over long periods of time. This is not rocket science; 95% of the population can do it.
Other self-made millionaires, like myself, got lucky. I made a series of back-to-back decisions that all worked out in my favor. I could not have predicted the external factors that made my real estate values skyrocket. I also did not have inside knowledge that my stock options would explode. I just had a good feeling, and I was willing to take massive risks.
But does a willingness to take risks make me special? I really don’t think so. I think, if anything, what makes me different is perspective. Becoming a self-made millionaire after growing up in poverty gives you a very special view on life. I definitely understand the value of money and don’t take it for granted at all. Perhaps that’s why I get so upset when others damage my personal property. (John Smith’s answer to What should I do if I catch someone hitting my car with their door?)
When I really think about it, I can’t confidently attribute my success to anything outside of randomness. I don’t have any special skills that other people don’t possess. The only unique factor about myself that I can confidently pinpoint is that a series of random, high-risk/reward events worked out in my favor within a short period of time.
John Smith is a part-writer, entrepreneur, real estate investor, consultant, options trader and armchair philosopher. He is working on a book about real estate investing. Blessed with enough money that he does not have to work, he is fulfilling his goal of becoming a published author.
What would you do if you had enough money, so you did not have to get up every morning and go to work?
The focus of American Hope Success and this website is showing individuals how they can copy successful entrepreneurs meeting all their financial goals.
Following the example left by the ultra rich is simple. In fact, it is so simple you will find it hard to believe. The ultra rich have so much money you want to believe, no you have to believe extremely successful people are somehow smarter, and more powerful – in some way, the rich must be superhuman. Here is a suggested track you can start running on today that can end in extreme wealth. Wayne Huizenga began with a used garbage truck and now has more than a 2.6 billion dollar net worth using these same steps.
2. Grow it to a larger or medium sized business
3. Sell for a premium price
4. Retire or repeat the process as much as you like
Sometimes you get lucky and strike an explosive growth niche. More likely you can attribute your luck to the amount of effort you put in. “The harder I work, the luckier I get!” It is not just hard work; it is working smarter as well.
One of the most important things an entrepreneur can learn is that you need help. Surround yourself with people who know the job better than you do.
When starting a new business, it is not always possible to hire the quality or quantity of help you need. Retaining a business consultant can be an affordable alternative.
For a step-by-step guide order “Create Xtreme Wealth.” You will learn how to start or buy a business, how to grow it and how to sell for a premium price.
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