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5 Ways to Leave Your Dead-End Job and Become a Millionaire Shortly

5 Ways to Leave Your Dead-End Job and Become a Millionaire Shortly

In an age where twenty-year retirement packages and pensions are rarely available and millennials are leaving their jobs in record numbers in hopes of making their first million on the next big opportunity, the time is ripe for workers looking for an exit strategy. Never before has there been a better time to leave your dead-end job.

Such was the case with Ryan Graves, a 9-to-five-er-turned Uber billionaire, whose success story is an inspirational, yet practical example of making it happen. Here are five ways to leave a job with no future and get to seven figures shortly.

1. Develop a high-demand transferable skill.

If you take a look at working millionaires from just about every industry, you’ll notice a trend. Millionaires typically have a skill set that is transferable and/or carries a significant amount of value. In other words, they have the ability to perform functions that make them invaluable. This is often seen in the tech space. High-demand technical positions with early-phase startups can equate to an ownership percentage of the company that later turns into a seven-figure payout.

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If you want to fast-track your exit strategy and move towards wealth in a shorter amount of time, develop and leverage a skill set to make it happen.

2. Ignore the word “No.”

While this may sound elementary, it’s perhaps one of the most important things to master in business if you want to succeed in achieving millionaire status. To the average worker, the word no carries a negative connotation. Yet, millionaires understand, the more no’s they receive the closer they will be to reaching their goals. The word “no” can be a good thing. It can motivate you to find a way to get to “yes.”

No can often mean that someone is just not ready yet for what you have to offer. However, a no could change to a yes the next time around. Or it may mean that you did not present your offering in the best way. Consider re-framing the way you make your pitch; in a way that shows the benefits to the recipient, as opposed to only talking about what you provide.

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Hearing the word no after trying to sell something or pitch an idea is one thing, but hearing the word no from nay-sayers is quite another. If you want to successfully leave your day job then you cannot listen to detractors who tell you that you can’t do something or that it will never work. Most every millionaire who left their job has experienced this at some time or another, but they didn’t allow that negativity to occupy their head space.

You must develop the mindset of a millionaire in order to reach that status, and it starts with ignoring the word “no.”

3. Network your way out of a job.

Often times, it’s not what you know, but who you know. Networking is essential to putting yourself in a position for someone of influence to think of your name when an opportunity arises. You never know who you are going to meet; but if you don’t network you will never meet the person who could help change your life. No one has ever left their job and became a millionaire solely by themselves. They either knew someone or met someone that helped them get from point A to point B.

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Use every opportunity to network and meet someone new and never underestimate the influence of people you talk to. Your next conversation may be the key to punching that time clock for the last time.

4. Hustle at your own expense.

Sometimes, to go forward, you have to go backward. In the story of Ryan Graves, he prospected and generated leads for a company that initially refused to hire him. He decided to prove his worth by accomplishing all of this on his own time and on his own dime—without their knowledge. After turning in his list of new accounts to them, that same company hired him.

If you want to get out of a dead-end job, you have to be willing to hustle and do whatever it takes to make it a reality.

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5. Recognize the next BIG opportunity.

Imagine if you had invested in Apple, Amazon, or Uber back during their infancy. You may well be a millionaire right now. In order to capitalize on big opportunities, you need to develop a habit of studying trends and looking at things in a different perspective. Look for opportunities to invest in new emerging technologies, clean energy alternatives, and medical sciences.

One of the best online news resources to see what’s trending is Scientific American.

Getting out of the rat race is not impossible. In fact, now is a better time than ever. Regardless of your current situation, you can implement any number of these methods and be well on your way to leaving that dreaded J-O-B. Whether you develop a new skill, adapt the mindset of a millionaire, increase your network, out hustle everyone else, or capitalize on the next big thing, choose one or several and get busy doing the work so you can leave your dead-end job and get to your first million in the shortest time possible.

Featured photo credit: Crew HQ / Luke Chesser via unsplash.com

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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