How To Become A Millionaire

How to become a Millionaire
10/23/11 6:56 AM
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Author: arylic
17 Hi, I am Arylic Singh. I am most honoured to join an awesome website like this. Since my first arival here, i was facinated by all the projects that can be done at home, plus the great fun that comes ... i more
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Becoming a millionaire is just not another get rich quick scheme, it requires dedication and hardwork but at the end you have the fruit of labour. You can become a successful millionaire from scratch if you have what it takes to take it on. I am Arylic Singh, sole owner of Arylic inc. After my huge accomplishment i wanted to share my trade secrets with you all so you to can become someone one day. Warning: This is not a get rich quick scheme, it may require your dedication till 2-3 years. So you decided that you wanna become a millionaire ? That sounds good, but be ready to loose some sweet and hardwork. This project requires a lot of positive thinking and dedication and also a touch of mental thinking. As for my story i became a millionaire due to my struggle with everything from execution of the business to buying and selling things to people. I started small and saved from that small business and expanded to other business which enabled me to loan and buy assets which are worth over 5 million dollars. So now , not wasting anytime lets get started with making your first million dollars.
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To become a millionaire you need to think like a millionaire. You need to equip yourself with new ideas and skills which would enable you to sell and make profit over an item. One of my relative is a sales person and when i asked him to help me with sales, the first thing he told me was " Here, take this pencil and convince me to buy it for $10 " and then i kept thinking and thinking , then i finally gave up. He then told me that i have potential because a real salesman never loose hope and keeps on going. Now, to enable you to think like a millionaire, visit some rich people around you and study how they execute their daily lives. I learnt from a rich man in my town, that to become successful you need to sacrifice. Master the skill of saving, open a saving account in your local bank and that way you would be not tempted to spend. Always think of ideas and never loose hope. Get a small notebook and a pen, go around and observe some business opportunities that facinate you. Remember you would not be successful with some thing you are not familiar with or do not know about.
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Author: arylic Published: Jan 16, 2010 License:
Related: Money, million, millionaire, make, rich, guide, business, cofeeshop, jam, jim
Step 2 Start small

i
Guides
CHOCOLATE CHOCOLATE
MONEY ORIGAMI
ok, now that you have a positive menatl atitude and a great idea, you need to start your first business.
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Whether it's a car wash, a jam business, a farmers market business, a computer business or a website designing business, they cannot survive without proper planning and execution. For example lets carry a case study about this imaginery jim who wants to become a millionaire: Jim is a usual guy who wants to become a business man and make it big. But since he has not clue what he is gonna do, we are going to help him. He has a positive mental attitude and wants to work hard. He has got an idea and he wants to make it big with that idea, an idea of selling homemade jam. He, opens up a saving account in a local bank and gets a start up cash from his friends and family. - Firstly he goes to the local supermarket and gets the cheapest supplies of ingredients for his jams. - Then he visits a bottle supplier and buys a set of 100 jars. - Now he has to calculate his expense per jar or batch, if his total expense for the batch was $20 and he has made 100 jars and is selling for $3 a jar, he is making a income of $300. Now to find out his profit he subtracts the expense from his income which is $280 not bad for his startup. what should he do next ? - tip: The best way to save money for your next venture is to get it from your previous business. How much you ask? well in the case of jim his profit is $280 so he should get the 40% from the profit and deposit it into the savigs account. This way he would have enough money to make thripple the amount of jam from the previous batch and at the same time save money. - So after his first batch jim continued to make more and more jams from his home kitchen, but there is a problem , he has just tapped into a small market of consumer and to do full scale he need to get a commercia kitchen and a licence to operate and supply to supermarkets and local shops. - now that jim is successful with his business and is saving more then $1000 every week, he is ready to start his next venture. So you see how small details make a bridge to success ? . You need a well executed plan. Do you need a partner or some shareholders? i suggest you do not do the mistake. Being the only owner can be rewarding and a smart choice. The case study above have a common story with my experience, and that was how i started my ventures.
BEST COOKIE RECIPES
COFFEE
More Guides
Step 3 Expand or start another

i
As in the previous step, this step highlights how you can start planting the tree of sucess and harvest it's fruit later. Since you have already started a small venture , you maybe wondering how you can expand or make more then the usual incomes. Well, you need to expand your business or start another from your savings which gonna contribute towards your saving account to expand your business or start another one. Well if you are thinking of expanding your business then , i suggest either you increase your production rate or provide more services.In case of jim, he could expand his business by starting a small manufacturing factory, getting more oders from retail shops, finding a overseas market to distribute his products. If, in case he wants to start another venture then he cando it easily, if he just have a great idea and potential of great profits. Case study contines: Jim is now thinking of making more money then his estimated $1000 week. He has thought up of an idea and wants to get going with his new venture. - First thing first , he need to think, think, think and plan alot. - He has to carry out a research with that type of business since it's a new idea. He needs to calculate the estimated expenses and profits in the new business. - Since jim wants to start a cofeeshop where he could also sell other items such as custom t-shirts and his jams , he could buy all the items and equipments from his savings account.
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- First , he need to get all the legal things cleared out and he need to rent the shop . Then he needs to assemble all the equipments and get the shop ready. He needs to set a medium price so that it's welcoming and also profitable. He, then is ready to get all his items up for sale and open his doors for business, but wait what is a business without any customers? the first priority for jim's business is to get what the customers want and also he needs to advertise. - After sucessfully getting his business on it's foot, jim needs to start another venture with the 40% profit from both the ventures, that's a total of 80%. As we have read, jim has no problem starting his second venture because he has enough money to start it and at the same time have not debt to the bank, which makes you loose a lot of money and even get bankrupt, trust me. So, since he had enough money in his saving account jim has established his second venture and has benefited with a healthy 80% profit in his saving, just enough to expand or start another venture. Remember thats my main secret and technique which i used to to start 20 different ventures which brought me a healthy $10,000 a week, and all those businesses where small. But,it's not just over yet i got another secret coming up in the next step.
Step 4 Loan and assets

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I currently own 30 vehicals which include , cars , trucks and 10 wheelers. I recently bought a small cruise liner and all this was bought without the use of my pocket money or my savings money. I'll let you know this secret technique which i discovered, which would enable you to have 100's and thousands of cars and assets within 5-10 years , but not just yet read on. Case study: As jim is very happy with his sucess at his 2 ventures, and discovers a secret technique so simple that he bought his first assest ( A container truck) whithout the use of his money and some help from his local bank. After 3 years his truck would be free, and he could sell it or add to his saving account. Warning: This secret is a really simple technique which you can carry out if only you have the skills to do it and supporting business to support your process. This technique may not be possible for some banks and some countries. - First of all you need to find a client that is gonna hire your vehical on contract or charter. - Then talk to your local bank and arrange with a agreement where all the income generated by the charter service would be forwarded to the bank. This amount should be equivalent to the total payment done every month for the loan. - So you get the prices quoted from the retail company which sells that asset and with the agreement from the client get to the bank and make a deal. - This deal would be such where the truck you bought would be going on charter for the client and that there is an contract and your businesses to act as security which would enable the bank to give you the load to buy the truck and give it for charter , but the money the client would pay for the charter of your vehical would be directed to the bank as payment for the vehical. - so you see it's really simple if you call pull it off. -After your loan is approved then you can apply for another loan to buy another vehical on the same basis , but now with another assest to act as security, your new truck.
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- After your payment is done and your vehicals are free, you can either sell them or still let them on charter and get the money into your savings account or simply these assest would contribute to your standards as a millionair or even a billionaire. I was suprised that this technique worked and then i just kept on loaning more and more vehicals all without the use of my money. I could have sold this technique like those stupid make money guys, but i told you all the secret , which is not anymore. You see that is called pure mind hacking. Take a second to think about all the possibilities to do if you have such ideas. Now i am planning to buy a cargo ship using the technique, but i think i should wait for the assests to become debt free.
Step 5 Save save save

i
I know it's tempting to spend all that money of yours on high class hotels, cars, homes etc. I suggest you do that when you are able to answer my simple question? do you have $3 million dollars cash in your savings account ?. If your answer is no, then i am sorry my friend you cannot spend that much on anything or else you would bankkrupt or finnally end up in jail ? why you may ask ? - First of all you nearly owe more then $5million to the bank , you need to buy more things to the business and pay your employees plus etc costs. Secondly if you do not have enough money in your savings account you would fail witht he business and from a millionaire you would just be a jam seller. - The most important thing is that if you don't pay the bank the money thy loaned you, you would be sent to jail with all you business and assets sold or taken. the only way to stop that from happening is to pay the overdue payements which ain't pretty. - Your charter business may be slack some time or maybe your client bankrupts or something similar, who would pay for the payments to the bank? - The next thing is repair and maintenance of all your assests, this sucker can eat away all your money, trust me. So i have to save , even though i have millions of dollars cash, with millions of dollars of assets, i do not spend that much, it's even hard to get 10 bucks out of me. I took a promise that , the day all my assets are free, that day i would live like a king.
Step 6 Chance , bad luck or skills
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There you go, these 3 things contribute towards your sucess, i cannot promise you the riches but i can lead the way. I must warn you that i have struggled a lot to have and become what i am today. The stratergy and techniques may seem simple but it ain't and you must be lucky to pull it off. If you are able to, then i must meet you one day and celebrate your luck with mine. I always wanted people to make the msot of there lives and be happy , so thats why i have let you a simple story and a way to lead you into sucess. I know it's not that brief and well written, but i can assure you that this is a taste of what i have gone through. I went from door to door , sometimes returning with a happy smile on my face and sometimes with tears in my eyes which does not show but goes through my heart. I was just 16 when i did all this and i am really proud of myslef and i would like to thank everyone who helped and supported me through out the whole process. I wanted to be rich so i become rich, if you dream to be rich then you too can be , but to open that door you need the key of hardwork and timing, cause there is no supliment for harkwork. I know the contents maybe confusing and there might be a lot of errors but at the end i hope you all got my message. It took me about 5 days to right this because i have a really tight schedule. I have to prepare for college and also run my business. I hardly get to come online. Thanks to my secretary for writing this instructable, while i dictated. If i have time i would surely add more of my tips and experiences. But for now you can ask any questions you want and i would be happy to help you. If you want to carry out this course then i would surely like to help as your mentor..... signing off. Arylic Singh.
21 comments Add Comment
Cooldeal
1
says:
Jul 9, 2011. 5:22 PM
Millionaire isn't enough. Billionaire is better. But it's more valuable to me to work for a living than get soaked up in luxurious expensive lifestyles. I can find treasures and valuable luxury if I step outside of the box. Just having air conditioning for instance, years ago would have been a billionaire's dream to be able to afford that before it was invented. We already live in quite a fortunately advanced lifestyle already.
Reply
resophonicguitarist
1
says:
Sep 7, 2010. 7:49 PM Reply
How to be a millionaire: Win Who Wants To Be a Millionaire. ;)
M4industries
trollface.jpeg
5
says:
Apr 10, 2011. 3:12 PM Reply
resophonicguitarist
Are you a millionaire?
1
says:
Sep 7, 2010. 7:47 PM Reply
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AdHd
1
says:
Jul 16, 2010. 10:45 AM
I clicked the image link icons but all I got were images the same size as we see here. It would be nice if you could post readable (full size) copies of the newspaper clippings, or perhaps give us links to them on-line (if the newspaper has them on-line). Thanks.
Reply
Great motivational instructable - but it needs a going-over for spelling and grammar. If that's not your strong suit, hire someone to do it for you :)
6
frollard says:
Jan 17, 2010. 10:42 AM
Good information, just a bit hard to read sometimes!

Reply
I thought he was Japanese and English isn't his first language.

29 Reply
DJ Radio says:
Jan 17, 2010. 2:04 PM
He's actually from the island of Fiji.

19 Reply
bumpus says:
Jan 17, 2010. 6:21 PM
Isn't that part of Japan? Ima go google it right now.

29 Reply
DJ Radio says:
Jan 17, 2010. 7:30 PM
arylic
17
(author) says:
Jan 18, 2010. 2:55 PM
Hey, I am not actually a japanese. I am from the Fiji islands which is in the pacific oceans, near Australia and Newzealand. I am an Indo-Fijian meaning, i am an indegineous Indian born and living in Fiji.
Reply
Oh sorry about that.

29
DJ Radio says:
Jan 18, 2010. 3:34 PM Reply
I can recognize that - and I wasn't just pointing it out to be elitist or anything like that. One of the hallmark requirements for a stand-out instructable is proper spelling and grammar. If you can't do it yourself, that's totally okay - get some help to proofread, etc. I made the 'hire someone' joke as per the nature of the ible - being rich :D Lastly, I wasn't saying the instructable was bad - exactly the opposite in fact. I simply said it was hard to follow sometimes because of the writing.
Reply
frollard says:
Jan 17, 2010. 2:34 PM
Oh ok.
29
DJ Radio says:
Jan 17, 2010. 5:02 PM Reply
arylic
17
(author) says:
Jan 17, 2010. 12:46 PM
Thanks, i don't really wanna hire someone to correct something here. It's just what i do for fun and pass time. It's your choice to understand or just ignore this instructable. Thanks for your comments anyways.
Reply
Thanks to my secretary for writing this instructable, while i dictated.

12
thematthatter says:
Jan 17, 2010. 5:30 PM
.hmmmm
Reply
arylic
17
(author) says:
Jan 18, 2010. 2:57 PM
Yeah, your right. I didn't hire anyone to write this. My secretary is my girlfriend and she did it for free....lol.
Reply says:
dchall8
This is good. Having gone to business school I can tell you this simple outline of the business model is not taught. At most it is glossed over because they assume you already know it. The problem is it
http://www.instructables.com/id/How-to-become-a-Millionaire/?ALLSTEPS Page 7 of 9
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is not something everyone knows.
Jan 18, 2010. 10:18 AM
There are a couple "secrets" in this that should not be secret. 1. Buy low and sell high . Seems so obvious but the only way you can know if you are selling at a profit is to know all your expenses. Too many people buy high and sell low. A friend of mine makes and sells necklaces. She has no earthly idea if she is making a profit because she doesn't pay attention to the cost of the "rocks" she uses. 2. Save, save, SAVE . Saving 40% is EXCELLENT advice. Following through can be hard, but it is the only way to become a millionaire. Just one thing about your math...saving 40% from one business and 40% from another business does not add up to 80%. It adds up to 40%. You cannot add percentages like that. If you thought you could do it that way, you could mistakenly think you were saving 120% or 200% or 400% on your sales. After you are making some money, I would suggest taking a class in finance at any business school you can attend. Learn about financial ratios and capital investment to get a handle on the mathematics of making money. You can predict your future by watching your ratios.
Reply
arylic
17
(author) says:
Jan 18, 2010. 2:52 PM
Thank you sir for your great review on my ible. So you are a business student, that sounds great. I never did business studies just 2 years course in commerce in high school. Not everyone is taught the skills of this technique people need to hack it to find out and hacking that ideas is not that complicated. - Buying and selling is a really risky business if you are not sure about the flow of money. As i said before, you need to plan it right before you commence your project. - Oh....you got it the wrong way, i was trying to explain in a way that you look at the two businesses separate. I mean you get 40% which for example can be $5 and another 40% from another business which could be $5 and the total would be $10 which would in simple terms means 80%...i am not sure with this though. Thatnks for your pointers though.
Reply
Zaphod Beeblebrox
9
says:
Jan 17, 2010. 9:50 AM Reply
5 STARS FAVED AND SUBED!
arylic
17
(author) says:
Jan 17, 2010. 12:44 PM
Thanks mate. I really appreciate the fact that you like my instructables. I hope you do something similar in the future.
Reply
Zaphod Beeblebrox
ur welcome
9
says:
Jan 17, 2010. 3:38 PM Reply
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