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5 Steps You Must Take in Your Early 20s to Become a Millionaire

5 Steps You Must Take in Your Early 20s to Become a Millionaire
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Most of us work to earn money and fulfill our desires. For you, that may include owning a huge villa with a dozen of foreign cars parked outside. While most of us have dreams like these, there are very few people that are actually able to fulfill these. Becoming a millionaire is not easy. You have to put in a lot of hard work while also having lady luck on your side. And it’s definitely an accomplishment that is easier said than done.

If you are thinking of living a luxurious life in your 50s, don’t think so far ahead. Things have changed now and there are loads of millionaires under 30. What’s the point of getting what you want when you cannot even enjoy all of its benefits?

If you wish to be rich, you need to start today. And to help you in this regard, provided below are five simple tips:

1. Put Social Life Aside, Study Now

We know, your early twenties is a time to rejoice and celebrate life in a careless, somewhat reckless manner. However, since being a millionaire is one of your immediate goals, you will need to muster up the courage and patience to put your social life on hold, so to speak, and focus on how you want your career to shape up.

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The drive and energy you have at this age can be put to much better use than just partying and “hanging out with your compadres”. Study with relentless focus, work on your professional skills, and hone your talents. All of these will be key driving factors when you start developing your very own product or service.

But now comes the question of self-made moguls like Bill Gates and Steve Jobs, who dropped out of college but managed to become huge names. As stated above, studying is not only about your course books, it is about knowing your talents and polishing them. These millionaires and billionaires, for example, did not drop out of college to party. They did it because they had a vision and they needed time to make it come true.

If you have an idea, you need to choose it today. If your college isn’t teaching you what you wish to learn, find other ways to do it. Put socializing aside and focus on refining your talents as it will pave the way to becoming a millionaire.

2. Boring Niches Can Be Very Profitable

When people dream of becoming successful millionaires, they tend to focus too much on widely known or accepted niches. This is a mistake.

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Fact: It can take eons to become a millionaire by going down the traditional doctor, lawyer, or banker career route. Many of these job descriptions also have earning caps, which are difficult to push through.

Here’s an idea: Ditch preconceived notions. Working or launching a business in a common niche does not guarantee you millionaire status. And you certainly don’t need to spend several years in school or work mainstream jobs to become one. Tap into a relatively untapped niche, offer something unique, and work hard towards your goals. This is how any sort of a business succeeds.

Mark Zuckerberg once said, “People don’t care about what you say, they care about what you build.” So do it and show it to the world.

3. Start Investing Today, It’s A Shortcut

While it is true that there are certain shortcuts to earning big money, the truth is, not all of them work for everyone. However, one of the easiest ways is to start investing today. Stock exchange is a big game and if you can play it right, you may be able to turn your modest account into a great fortune overnight.

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Warren Buffett, for example, started to invest at the age of 11, and today he is one of the richest men in the world. There are other examples, like Nicolas Darvas, who explained his story in his book, How I Made $2,000,000 in The Stock Market.

Today, you have more opportunities than ever before. There are several options to invest in other than stocks. You can take a forex course or invest in bitcoins, which is considered one of the safest investment options. If you’re not comfortable trading yourself, there are a lot of forex signal services that allow you to copy the trades of experienced, profitable traders.

4. A Resilient Mind Is Key

The difference between mediocrity and epic success is being able to work with unwavering focus and productivity for at least a few hours at a time. It’s during these long stretches that you get work done and discover your own drive and limits.

Fast track your abilities. Be aware of the distractions that are keeping you from performing in tip-top shape, and especially during moments when you start to lose focus. Take your daily activities apart each night and feverishly look for opportunities to improve.

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Now, we know most of this sounds like basic common sense talk, but applying it practically can really boost your productivity, and you’re going to need that in your arsenal big time if you’re looking to hit that million dollar mark early in life.

5. Failure Is Perfectly Normal – Use It As A Stepping Stone

Irrespective of what line of work you’ve chosen for yourself, you’ll be dealing with plenty of disappointments along the way. It’s perfectly normal and what separates the winners from the losers is how you perceive them.

Drew Houston, Dropbox CEO, said, “Don’t worry about failure, you only have to be right once”. This explains the need to never give up and continue to walk until you achieve your dreams.

As an investor, for instance, you might lose a lot of trading stocks for the first couple of months, but when you get the hang of it, you’ll know what was holding you back. Accept these failures and use them to better yourself in every way imaginable.

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These are just a few steps you can take to ensure you reach that millionaire status early in life. Don’t give up, keep your eye on the prize, and learn to make some sacrifices early on to make your dreams come true.

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Ahmed Raza

CEO of Samurais.co

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Published on July 27, 2021

15 Smart Video Conferencing Etiquette Tips to Follow

15 Smart Video Conferencing Etiquette Tips to Follow
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During the pandemic, video conferencing replaced in-person meetings and has now become the standard option for business meetings. Over the past 17 months, most workers have gotten past the video conferencing learning curve with Zoom or Microsoft Teams (or their platform of choice).

But just as with in-person meetings, attention can wax and wane. Some say we’re just not used to staring at ourselves so much on the screen. Instead of fixating on that, try employing smart video conferencing etiquette, or you may risk indiscretions that will flag you as a slacker.

Put the Pro in Professional

After more than a year of fine-tuning, here are the new rules of video conferencing etiquette.

1. Mute Your Mobile and Other Devices

The first video conference etiquette you need to know is muting your other devices. Just as in the pre-COVID days, someone’s obnoxious ring tone blaring Taylor Swift’s newest single in the middle of a meeting is also an annoyance if it happens during a Zoom meeting and so is the inevitable fumbling to turn off the sound. Even the apologies to the group get tiresome.

Also, when notifications are activated on the computer that you’re using for the meeting, the incoming message takes over the audio and you’ll miss out on snippets of the conversation. Be sure to eliminate this possible faux pas.

2. Dress the Part

While working from home, you may have fallen into the habit of slipping on your comfiest T-shirt each day. Hey, no judgments! But before you log on to your video conference, try to make an effort with your appearance.

Depending on your company culture and the importance of your meeting, consider dressing the part of the professional whom you wish to project. It will help you feel more self-assured, and others will likely take you more seriously.

For women, wear light make-up, put on earrings, and make sure your blouse is crisply pressed. For men, show up freshly shaved. Wearing a crisp collared shirt in a solid color will usually suffice.

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Pro Tip: Stay away from wearing white or black, unless those colors look great on you. Consider wearing light blue or brown instead.

3. Stage Your Workspace

Have you noticed the backdrops of experts interviewed on news shows? Bookshelves and photographs are carefully curated, and no busy-patterned furniture or artwork is in sight.

Take note of what appears behind you when you choose the location of your video conferences. Piles of junk mail on the table or stacks of folded laundry on the couch will convey more about your personal life than you care to share. Make sure you remove clutter from the camera’s eye, and present a tidy, orderly workspace to your colleagues, coworkers, and bosses.

4. Put Some Thought Into Lighting and Perspective

Be aware that in a video conference, your computer camera can actually make you look up to ten pounds heavier depending on where you sit. But you can easily drop those added pounds by moving back from the screen to diminish the wide-angle distortion.

Frame your head on the screen by tilting the screen up or down. Also, it’s best to not place yourself in front of a window or bright light, which makes you appear in shadow. Instead, face the light source, moving it (or yourself) until you have a flattering amount of illumination. You can also purchase some small spotlights that allow you to add light as needed.

Pro Tip: If your lights add too much redness to your skin, consider counter-balancing with a green filter.

Remember That Half of Life Is Showing Up

5. Arrive on Time

In the old days of in-person meetings, it was nearly impossible to slip in late into a meeting unnoticed. In today’s video conferences, logging in late still shows poor form. Instead, strive to arrive five minutes early and get yourself settled.

Once the meeting is underway, the host may be less attentive about late arrivals waiting to be let in. Diverting the host’s attention away from the meeting with a tardy entry request is the ultimate giveaway that you didn’t honor the schedule. If you don’t want a black mark against you, log in on time.

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6. Turn on Your Video

Few people like to see their face on the screen, but buck up and turn on your camera in video conferences. In most cases, it’s better to be a face on a screen than a name in a blank square. Your statements will be more memorable when other meeting attendees can see you.

If you need to turn off the video, either because of a poor connection, some commotion in the room, or a need for a quick break, give a short explanation via the chat feature. Then, go back on video as soon as you’re able.

Pro Tip: Keep your explanation for your departure pithy. “Sorry! Doorbell rang. Back in five” says it all. Be sure to honor what you say in chat and really do return in five minutes.

7. Plan Ahead Before Sharing Your Screen

Don’t be one of those people who makes everyone else wait as you click through folders in search of a document. That’s just poor video conferencing etiquette. If you know you’ll need to share a document or video on your screen, prepare by pulling it out of its folder and onto your desktop. Also, clean up the files and folders on your desktop to reduce clutter and facilitate easy access. Close other programs like chat, calendar notifications, and email. Disable pop-up notifications to ensure there’ll be no unforeseen distractions.

Be sure to remind the host before the meeting that you’ll need them to activate the screen-sharing function. Show courtesy once you’re finished by hitting “stop share” to return to the screen with participants.

Attend to the Pesky Details

8. Make Sure That Meetings Remain Right-Sized

With the easy accessibility of video conferencing, it can be tempting to extend the meeting invitation beyond the core group and include everyone peripherally involved in a project. But just as with in-person meetings, the more people involved, the more unwieldy the meeting becomes.

Use good judgment when asking others to sit through a video conference so that you don’t needlessly take up others’ time and so that participants can be fully engaged.

9. Remember to “Unmute” Before You Speak

Most of us are likely able to count on one hand the number of video conferences when someone didn’t have to be reminded, “You’re on mute!” Forgetting to unmute before speaking has become one of the most common missteps in video conferencing.[1]

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Show everyone your impeccable video-conferencing poise by managing your mute feature with flawless control.

10. Stay on Point to Keep the Meeting Length in Check

As with in-person meetings, an agenda with assigned time limits for discussions remains necessary to keep a meeting focused. Data shows, however, that video conferencing can actually reduce meeting time.[2] Reasons include the elimination of commuting time and the ability to screen share and annotate to keep everyone on task.

Additionally, side conversations are virtually impossible with video conferencing now that you can no longer have back-and-forth exchanges with the person beside you.

Pro Tip: If you’re running the meeting, let attendees know in advance the protocol for the chat feature. Is it okay for them to “chat among themselves” or not? (See point 11, as well.)

Talking Has a Time and a Place

11. Chat Appropriately

Just like side conversations or texting in an in-person meeting, the use of the chat feature during a video conference can be disrespectful unless it’s directed to all participants. Hence, it’s good video conferencing etiquette to mind your use of the chat.

At the start of the meeting, you may want to ask the host if it’s alright for participants to use the chat feature. This allows them to disable it if they choose. Used appropriately, it can be a helpful tool to clarify or amplify an earlier point once the conversation has moved on or to let the group know that you need to sign off early (and why).

12. Use the “Raise Hand” Feature to Avoid Interruptions

The slight lag in many video conferences can result in speaking over another person if you attempt to jump into a conversation. To avoid this awkward interruption, indicate when you have something to add to the discussion with the raise-your-hand feature that signals the host you would like to speak. This effective meeting management device makes video conferencing run more smoothly, especially with a large group, but it must be activated and monitored by the host.

Pro Tip: For meetings of six to ten people, sometimes the old-fashioned raising of your physical hand may be the best option. But it’s up to the meeting host. Ask them what they would prefer, and follow that.

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13. Don’t Record the Session or Take Photos Without Prior Permission

In this case, not sharing is caring. The “sharing culture” made popular through social media has little place in video conferencing. Before recording a meeting or capturing a screenshot of the participants, always ask for consent in advance from the full roster of attendees. Knowing that a video conference will be photographed or recorded could have a bearing on what others are willing to discuss.

Manage Yourself

14. Minimize Distractions

While de-activating audio and video features can keep distractions from affecting the other participants, you will need to manage noise and disruptions on your end to give your full attention to the meeting.

Move out of high-traffic zones in your home, keep your door closed, and ask family members to be considerate.

15. Save Snacking for Later

Save snacking for later—or earlier. Eating while on video conference is a no-no. Munching in front of the group while close to the camera—as you are when video conferencing—subjects the participants to an up-close and (too) personal view of your food consumption process.

However, it’s perfectly fine to sip quietly from a glass of water or cup of coffee or tea. If the meeting threatens to last for more than two hours, you may want to ask the host in advance to schedule a five-minute break at the halfway point.

Final Thoughts

Even though bosses are now beginning to ask workers to spend some of their workdays on-site, up to 80 percent will permit employees to work remotely at least part of the time, which means more video conferencing in your future.[3] Mastering these video conferencing etiquette tips will help you dial in—as well as dial back—your participation and demonstrate your unwavering level of engagement to the team.

Featured photo credit: Chris Montgomery via unsplash.com

Reference

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