How to turn $100 into $1 million Via Millionaires' Ideas For 2021

1. ‘Invest in something you love.’ 

“It’s difficult to acquire wealth. You either have to save diligently, make a lot of money on a business deal or invest. Creating real security requires saving a lot more than you think. It’s also expensive to continue growing a business after it’s successful.

That’s why I’d invest. Find a solid group of people you trust and combine your $100 with theirs to make an educated and solid, yet aggressive, investment. Invest in what you know — and have a vision for it. You can even invest emotionally. With real estate, for example, I always pick somewhere I would live if everything went bad. Whatever approach you choose, pick something you love. I believe that if you love something, you’ll be good at it.”

2. ‘Improve and invest in yourself.’

 “Of course, there are people who have invested in an opportunity at the right time and made a fortune. Had you invested $100 in Bitcoin in 2010, you would’ve done well. But to me, that’s like playing the lottery.

    

 

A more reliable way to get rich with just $100 is to invest it in a course, book, audio program or event that will help you improve yourself. Spend it on developing new skills, gaining knowledge and making powerful connections. When you invest in yourself, you can’t lose.” 

 3.‘Learn a high-income skill.’ 

“If you don’t have money to start a business, then don’t start a business. Instead, spend your $100 on books and training to learn a skill that will make you $10,000 per month or more. Choose a high-income skill that helps organizations bring in revenue, such as copywriting, marketing or sales. You can learn them relatively quickly and they’re transferable across many industries. Once you make enough money, you can turn your side hustle into a full-time job. Then, scale and invest your profits. That’s how you build real wealth. If you’re persistent and good at what you do, you’ll get there. But it won’t happen overnight, so take baby steps.” 

 

4.‘Build a personal brand.’ 

“Entrepreneurship is the sexy thing that everyone wants to be involved in today. You can make millions by building your own brand as an influencer or business. But anyone can have a voice, thanks to social media, so it’s not easy to get heard above the noise.

With so many brands pushing online offers, building a trustworthy one is the secret to success. To do that, you need a clear statement that defines your mission and how it helps others. This message should be based on how you solved your own problems. People will only follow you if they understand why you do what you do and if they identify with your mission. Film a video explaining your story, then invest $100 in Facebook ads to get it in front of people who are like you and may be in your situation.”