How To Make One Million Dollars ?

15/02/2014

Would you like to make one million dollars ? What would you do if you had one million dollars ? In 2005, this dream was realized by Alex Tew, a student from Wiltshire, England.

The Million Dollar Homepage is a website conceived in 2005 by Alex Tew, a student from Wiltshire, England, to raise money for his university education. The home page consisted of one million pixels arranged in a 1000 × 1000 pixel grid; the image-based links on it were sold for $1 per pixel in 10 × 10 blocks. The purchasers of these pixel blocks provided tiny images to be displayed on them, a URL to which the images were linked, and a slogan to be displayed when hovering a cursor over the link. The aim of the website was to sell all of the pixels in the image, thus generating one million dollars of income for the creator. The Wall Street Journal has commented that the site inspired other websites that sell pixels.

He Finally Succeeded and Earned Million Dollars !

Launched on 26 August 2005, the website became an Internet phenomenon. It rose to 127th in the web traffic ranking in Alexa, and this number is 35,983 as of 18 December 2009. On 1 January 2006, the final 1,000 pixels were put up for auction on eBay. The auction closed on 11 January with a winning bid of 38,100 dollar that brought the final tally to 1,037,100 dollar in gross.

In Four Months, Tew Had Achieved Success, Fame And His First Million !

“I had literally no money, and I was worried about university,” he says. “I just brainstormed this kind of crazy, get-rich-quick scheme that then took on a life of its own.”

In four months’ time, word of the page had gone viral and it sold out. Tew had achieved success, fame and his first million. And he dropped out of university that December.

Advertisers ranged from The Times to Beer.com and online casinos. Tew says he wasn’t targeting any advertisers in particular, really just “anyone who wanted to buy pixels”.

He also attracted a lot of envy. The main idea of the Million Dollar Homepage (selling pixels) was something anyone could have done. But Tew was the first to do it, which left a lot of people wondering why they didn’t think of it first.

Fast-forward 11 years and Tew is still doing things differently than most and very differently than he was back in 2005. Today, he lives in San Francisco, far from his roots in southwest England, and is founder and CEO of start-up Calm, which offers a mobile app by the same name with numerous narrated relaxation and meditation programs designed to help relax and calm the user’s mind. The app also features visuals and audio of streams, rainstorms and waves.

“It’s kind of like having a sanctuary in your pocket,” Tew says.

The app is free, but users can choose to upgrade to a monthly, yearly or lifetime subscription, which gives them access to more guided meditations and options

How People Make One Million Dollars ?

The truth is it's not brains that build one million dollars retirement. The world is filled with smart, educated people who never build any wealth.

It's also not just luck. Sure, sometimes people get lucky and win the lottery or just happen to work for a company before it distributes employee stock options and goes public.

But those are the exceptions - not the rule. Instead, millionaires follow specific patterns of behavior that result in regular growth of equity and savings :

Millionaires dream big : They develop goals that keep them motivated and convert those goals into action plans because a goal without a plan is just a dream. According to research, goals that are committed to writing have a greater chance of being achieved then goals that aren't. The key is to take action to achieve your goal by reverse engineering it into a plan.
Millionaires own their own business : Leverage and tax advantages are two essential principles of achieving one million dollars net worth, and owning your own business has both. Working a 9 - 5 job has neither. Most millionaires became that way through business entrepreneurship. The second most common path is real estate - again, because it includes leverage and tax advantages.
They learn from their mistakes : Every millionaire made a ton of mistakes before striking it rich. Overnight wealth is a fantasy because every fortune is built on years of foundation building before hitting it big. Climbing the wall of success is never easy. Everyone has their share of ups and downs. The difference is millionaires take risks and aren't afraid to fail. Instead, they learn from their mistakes and never give up in pursuing their dreams.
Persistence : The most common characteristic for saving one million dollars net worth is persistence. Whether you achieve the goal through business or save your way to one million dollars by being frugal with your spending and working a regular job, the key characteristic that will make or break your success is persistence.

What Are The Steps To Becoming A Millionaire ?

Make a plan : Set realistic goals for yourself that will result in becoming a millionaire. Wealth is not a random act. It is something that requires careful planning and action. Check your current financial situation and plan how you can generate savings from your income. Use this millionaire calculator to determine how long it will take you to save your first million based on your plan.
Take action : Nothing happens without first taking action. Start a small business from your home. Do something that you love to do that will generate income. Acquire your first positive cash flow rental property. When your assets provide enough income to replace your full time job then you will have more time for other interests or to focus on growing your wealth further.
Spend less than you earn : Nobody ever spent their way to one million dollars net worth. You must accumulate the wealth by spending less than you make so something is left over to invest.
Invest wisely : Develop your financial intelligence so you can learn how to grow your money. You must know how to separate valid investment strategies from rip - off schemes.
Correct and adjust : The path to success is never a straight line. Assess your dreams at the end of each year and add new goals every year. Learn from experience and continue to grow both personally and financially.
Get a mentor : Why re - create the wheel ? There are proven principles and action steps that lead to wealth. Learn from someone who has walked the talk and coached others to success with our step - by - step wealth planning course. It is a far more efficient and enjoyable path than learning from the school of hard knocks.