How To Become A Self-Made Millionaire: In a recent video, we hear the incredible story of a former McDonald's worker who transformed his humble beginnings into a £6,000,000 property empire! In this inspiring interview, you can learn how to become a self-made millionaire, either through sheer hard work, or by becoming educated about wealth building techniques.
If you want to learn how to become a self-made millionaire, watch the full video until the end. You can find the video at the top of this page or on my YouTube channel. There is information in this interview that could truly change your life, so I would highly recommend that you don’t skip this one!
Although becoming a self-made millionaire is many people’s goal, most people don’t have a plan to do it. Hard work alone is normally not enough, you need to learn the methods that the rich use to make money. In this article, I will show you how to become a self-made millionaire via property, starting with nothing.
If you are inspired by this article, please help me spread the message! Share this article on your social media pages, and help your friends escape the rat race too! With your assistance, we can help more people live better lives free of financial stress.
1. How To Become A Self-Made Millionaire: Make The Money!
Before you can become wealthy, you need a source of income that isn’t tied to the number of hours you put in. While it is possible to become wealthy from a very high paying job, the best way to become rich is to start a business.
In the world of property, two great options are rent to rent and deal sourcing. Rent to rent is where you rent a property from a landlord (with the correct contracts and permissions in place) and then rent the property either as serviced accommodation (R2SA) or by the room (Rent to HMO). Deal sourcing is where you find and negotiate good property deals and then sell that information to an investor.
Both of these business models bring in great cashflow, which brings me to my next step…
2. How To Become A Self-Made Millionaire: Invest The Money!
Now that you have some cashflow, don’t spend it. Instead, put it aside ready to invest in your first property deal. Once you have saved up at least £50-60k, you can use creative strategies such as Buy, Refurbish, Refinance, Rent (BRRR) to recycle the same pot of cash into buying multiple properties.
BRRR is where you buy a property, do it up, and then refinance it at its new value. The aim is for the new value of the property to be high enough that you can get both the cost of the property and the refurbishment back in the form of a mortgage. That means you can take the money and do the whole process again and again! This allows you to build a property portfolio.
3. How To Become A Self-Made Millionaire: Cashflow And Capital Appreciation!
You can use the cashflow from your investments to live on, while still investing your active income into new investments. Overtime, your passive income will become higher than your active income. You can also begin to make your active income into passive income by systemising your business and hiring employees.
Property has a proven track record of increasing in price. As you build your property portfolio, you will, therefore, grow your net worth. Net worth is the difference between what you owe and the value of what you own. As the value of the property you own increases way above the mortgage debt, you will become a self-made millionaire!
How To Become A Self-Made Millionaire: Training!
So now you have a simple plan on how to become a self-made millionaire, you need to learn how to actually implement it. Why not learn from the best? Join me at my next £1 training event!
On the course, you will learn how to:
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Become a property investor using other people’s money so that you can get started straight away
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Utilise the 5 different types of raised finance so that you know exactly what to offer and when
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Find the perfect properties for the BRRR strategy
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Recycle your money so that you can ‘rinse and repeat’
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Build a power team you can trust, so that you can save time and money
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And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
