A Millionaire by 21

[reuben]

I wanted to add one thing on the topic of having a mentor.

I believe its crucial no matter what filed you want to specialize in.

You need somebody who will show which way to go, and give you advice during the hard times.

Funny thing is, people generally believe that its worthless asking somebody for guidance or help, so they dont even try. BUt what i found out is that if you approach somebody and have a plan for what you want to accomplish more often that not that person will help you.

So talk to as many people you can about the business your in. People know other people and sometimes they just might have a good day and will help you out.

[arithhuh]

@ Reuben

Absolutely True !

Its difficult to go along without a mentor or a guide...Humility and confidence are indispensable on the long run...If you dont have the humility to learn from those who guide you, or take the help of ur guides, it will cost you.

All the Best, All!

[Tanausu]

Yo!

I've just made the decision to really kickstart my way on youth abundance a few days ago(its been incubating for a couple of years +/-)...so.. while the vision is there, I haven't worked out the MINIMAL details...

Basically my plan goes something like this(crappy rocket analogy included):

1.ATTITUDE: Absorb the wisdom from other people that have had great success in making a lot of money in legal-valuable ways... (mainly from books, mentoring, quality websites...)... I have done this on a small scale, buying a lot of expensive american books thru amazon... hehe...

2.APTITUDE: Getiing the skills of entrepreneuring(advice from the big boys in business enters here) and of course the basic bread and butter stuff; basic accounting, marketing essentials, country dependent legal stuff...

3.AIM: Search for the opportunity... search and search...make a list...and choose the best option... im looking for something low in monetary investment, high in mental investment... where skills... vision.... quality management...innovation...contribution... mainly that thinking different pays handsomely...
(as of nov 2006: An innovative Web design/programming smallbiz, Innovative smallbusiness oriented computer systems -a lot of market, since i'm in the third world- )...but who knows, can be anything from food to wine to fitness...
(A changing the world-dogooder product or service might ease the way tremendously...making it really worthwhile after all... at least thats what Guy Kawasaki (The Art Of The Start, Rules For Revolutionaries) says... i'll guess you'll have a bigger purpose in your biz than churning cash .. and thats important)

Once I get the AIM of what i'm gonna do, i'm firing and starting learning intensively all the skills I need to run the business... (backwards from the E-Myth "entrepreneur template"... I guess..haha..)

4.ALTITUDE: Start running. What will happen?. Who knows But I guess ill find out soon enough

Plan:
Goal -> Create a successful small business -> Get realworld skills in business -> Go onto the bigger stuff(financially intensive investments...) -> be richer than midas...

I want to contact you all people, I think it will be a great value for all of us to share our knowledge and experience in each stage, in each pain and obstacle in this huge, downright impossible to achieve, goal. hehe.

my msn is tanausu360@hotmail.com
yahoo josefino_dominguez

Take care...
Good Wealth to all!
Chao!

Tanausú from Venezuela!

[Bonkers]

Originally Posted by The Protagonist

I plan on starting a health chain. Like a gym, spa, and just total health. I'm SICK of people who have a membership in a gym, but don't use it or workout for 20 minutes and call it a day and then eat a full pasta dinner at the gym cafeteria. That makes me angry. I want to create a health center where we go out of the way to work with the people, closely monitering their nutrition, exercise, overall fitness and health needs to ensure that they will lose weight or gain muscle. Still an idea in the works, but it's something I am interested in. We will see I get into college and finish my undergraduate business program.

They have a similar chain of gym's here in australia known as Fitness First, biggest gym chain in australia, and one of the great ideas (for them I guess) is instead of hiring personal trainers to help out visitors, they simply let personal trainers run their own business on the gym floor, so they go around helping people out, motivating them, and if they would like to sign up for a training program with them they can. It counteracts the unfortunate downside of your plan of it costing way too much to monitor every single person that visits your gym.

Cheers, Tim

[The Protagonist]

Originally Posted by Bonkers

They have a similar chain of gym's here in australia known as Fitness First, biggest gym chain in australia, and one of the great ideas (for them I guess) is instead of hiring personal trainers to help out visitors, they simply let personal trainers run their own business on the gym floor, so they go around helping people out, motivating them, and if they would like to sign up for a training program with them they can. It counteracts the unfortunate downside of your plan of it costing way too much to monitor every single person that visits your gym.

Cheers, Tim

True, but I would have a computer working in the background putting out the right nutritional plan for each specific person. Takes in variables (diabetic or not, age, weight, goals) and spits out a "custom" diet much like ediet.com So that should eliminate having nutritionist doing specific work. Maybe one to review each plan. Seminars and the like could take care of the rest, but of course this plan is still in the blueprint phase

[Shane Butler]

I am a 22 year old in college and I aspire to be a millionaire by 30, realistic goal wish I had got the bug earlier, but a way to do it at least where I am from is through rentals. Especially niche rentals, in the city where I went to school I went to a small private college in St. Augustine, and the rental market is on fire there. We built a house that I lived in at 90$ a sqft with the land just costing us 30,000. Built one small cottage 3 bedroom and rent it for double our mortgage, insurance and tax payment per month. I lived in it when we needed it now I just manage the house. We now almost have enough money just from the rental income alone to put a 30% down payment on another cottage.

Rental market is on fire because people can not afford the mortgage and our walking away from their loans. So affordable niche rentals are where it is at, especially in a young or college town.