How To Make A Million Dollars | 3 Real Wealth Building Strategies

How To Make A Million Dollars | 3 Real Wealth Building Strategies has 3 ways to make a million dollars or more.
Here my RISE Wealth Plan with more: retirecertain.com/wealth-building-tools/

Camille Gaines, AFC
Wealth coach
Accredited Financial Counselor
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3 Ways to Make a Million Dollars
1. Save and invest in a stock and bond portfolio over a lifetime.
Save $1,000 month for 26 year months and it earned 8% a year it would grow to over $1,026,000
Takes the least amount of skill and knowledge
Most time and discipline
The following two methods are examples of how to build assets with high investment capital.
2. Here's an investment besides stocks that can be used for wealth building: Buy an undervalued property in a fast growing area
Example Lago Vista house
Bought for $410,000 + fix up of $190,000 = $600,000
Sold for over $1,000,000 and $800,000 or $1,800,000 = $1,700,000 after broker fees
$1,700,000 - $600,000 - $100,000 = $1,000,000
Takes some expertise and or interest
3. Start an online business to generate alternative income streams while also building an asset.
Examples of people making over $1,000,000 a year online
Heather Delany Reese, family blogger, made $2,233,236 in 2019 from online business
Vitaly Friedman and Sven Lennartz, founders of Smashing Magazine, made about $2.5 million in 2017 offering advice on building websites. tech skills to create a digital publication.
Financial blogger Michelle Schroeder-Gardner over $1, 500,000 in 2018 from the blog she began as a hobby, Making Sense of Cents. stopped publishing income figures after 2018
What if you saved what you made - Income Vs Wealth Building - Made $10,000 a month, saved and invested it for 7.5 years = over $1,018,000
These wealth building strategies are taken from real examples or are based on retirement calculator results.
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Retire Certain is about alternative retirement strategies from income streams and wealth building after 50.

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