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8 Young Millionaires That You Should Learn From

8 Young Millionaires That You Should Learn From

For those of us not born into excessive money, it’s easy to sit back and bemoan our relative lack of opportunities. However, not all millionaires get giant investments handed to them, either. Humble beginnings only pushed these young millionaires to be their best, who are proof that creativity, perseverance, passion and hard work can all lead to incredible outcomes. No matter what you face in life, these eight young millionaires have some essential approaches to conquering obstacles that we could all learn from.

Be A Self Starter: Nick D’aloisio

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    As a young kid, Nick D’Aloisio was fascinated by computers. Without a coach or teacher to cheer him on, Nick taught himself to code at age 12 and started making apps. Inspired by his passion for technology, Nick created several apps before hitting on a big idea. At 15, Nick created a news summary app called Summly. His app grew insanely popular, and Summly was acquired by Yahoo! when Nick was just 17. Reportedly selling for $30 million dollars, Nick advocates jumping in, regardless of others opinions, saying: “Be fearless and don’t be afraid of failure. There is no better way to learn than through trial-and-error.”

    Think Big: Alexander Amosu

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      Alexander Amosu began his road to success only a few pounds at a time. Growing up in public housing in the UK, Alexander’s first venture was selling ringtones to mobile phone users. His service, which sold ringtone versions of R&B songs, quickly earned him over a million dollars. Despite beginning with only £6 pounds a day in profits, Alexander was in his twenties when he sold the ringtone company for around £9 million pounds. Instead of stopping there however, Alexander used his money to set up Amosu Couture, a high end company focused on luxury fashion. By always thinking bigger, Alexander turned a million dollars from ringtones into a profitable company, then catapulted that into a multi-million dollar fashion empire.

      Try, Try Again: Colin Thornton

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        Colin Thornton is living proof that your perceived shortcomings shouldn’t get you down. When Colin dropped out of his university’s computer science program in South Africa, at first, his options seemed limited. 20 years old, Colin was broke, but pushed forward anyways. He started fixing computers in his parents garage, at first making around $7 an hour. Soon his orders grew, and Colin founded Dial-a-Nerd. The company sends a tech expert to help consumers troubleshoot technology in their own home or business. Despite the difficulties this young millionaire faced getting started, his company now nets around $10 million a year.

        Never Underestimate The Power of Free: Ashley Qualls

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          After studying HTML as a tween, Ashley Qualls wanted somewhere to showcase her early website designs. Initially garnering no real attention, Ashley thought her new site, whateverlife.com, could be bigger. Ashley soon started offering Myspace profile designs to friends for free, plus tips on designing and coding. Whateverlife.com exploded through word of mouth, so Ashley added some space for advertising. After partnering with some big advertisers, whateverlife.com hit 7 million unique visitors at it’s peak.

          Start Where You Can: Cameron Johnson

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            Cameron Johnson‘s road to millions began with a simple request from family to design a card for an upcoming celebration. Soon, Cameron was designing greeting cards for neighbours at 9 years old. Perhaps not the most glamorous of jobs, Cameron soon made thousands from the cards. At 12, Cameron took this money and used it as seed money for several different advertising ventures. These in turn made a profit, and in Cameron’s mid teens, he turned that money into a toolbar program called surfingprizes.com. Cameron’s assets before high school graduation were more than a million dollars, plus he sold one of his companies at age 19 for over a million dollars. Proof that starting small, and growing step at a time, can pay off big.

            Look For What’s Missing: Juliette Brindak

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              Juliette Brindak made a big contribution to the internet when she noticed a glaring hole in the social media landscape. As a preteen, Juliette felt there was no real place online for teen girls. Juliette tried to be a part of the solution, creating a site based on characters from her own ten year old drawings. Soliciting her parents for help to set up the site, “Miss O And Friends” quickly became the online destination for young girls. Promoting positive body image, safety and understanding, the site currently nets 10 million unique visitors a month, and is worth approximately $15 million dollars.

              Always Persevere: Adam Horowitz

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                Despite impressive success now, Adam Horowitz’s journey to success took a lot of perseverance. Adam started creating websites on the side in high school. At first, his attempts were alternately unsuccessful, and worrying to parents. Adam continued building sites throughout high school, making around 30 website with little success. Adam didn’t let it get him down, and soon created programs that help others learn how to make money online. His successful apps “Mobile Monopoly” and “Cell Phone Treasures” have earned him over hundred of thousands of dollars, showing that pressing on really can make all the difference.

                Nurture Your Passion: Fraser Doherty

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                  Another millionaire we could all learn from is Fraser Doherty. Unlike the rest of this list, Doherty was not tempted by new technologies, Fraser instead loved his grandmothers jam recipes. Quickly learning the recipes himself, Fraser started selling the jams around his hometown in his early teens. Soon, Fraser invented a way of making jam purely from fruit. He created the company “SuperJam”, turning neighbourhood sales into contracts with large European supermarket chains. By taking a personal passion and truly pursuing it, Fraser Doherty now sells his products around the world.

                  Regardless of how far away you seem from your goals, truly anything is possible. Plus, if these young millionaires are any indication, age certainly has no effect on what you can do. Jump on in, and follow your dreams. So long as you cultivate perseverance, initiative, and creative thinking, as well as utilize the tools you have now, there’s no telling where you can end up.

                  Featured photo credit: 401(k) 2012 via flickr.com

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                  Alicia Prince

                  A writer, filmmaker, and artist who shares about lifestyle tips and inspirations on Lifehack.

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                  Last Updated on March 31, 2020

                  How to Use Visual Learning to Work More Effectively

                  How to Use Visual Learning to Work More Effectively

                  Knowledge is essential to become successful in life, your career and your business. Without learning new concepts and becoming proficient in our craft, we cannot excel in our chosen careers or archive knowledge to pass down to the next generation.

                  But content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

                  The Importance of Knowing Your Learning Style

                  Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, you’re able to communicate these same concepts to others effectively.

                  But it all starts when you’re able to first identify the best way you learn.

                  As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts.

                  Sure, I got good grades and performed excellently in my online exams. However. I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

                  There are several types of learning styles known to mankind. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

                  The four most popular types of learning styles are:

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                  • Visual learning style (what this article talks about).
                  • Aural or auditory learning style (learning by listening to information presented).
                  • Verbal or linguistic learning style (learning that involves speech and writing).
                  • Tactile learning style (learning by touching and doing)

                  But for the purposes of this article, we will be focusing on using visual learning to boost your career or business.

                  How to Know If You’re a Visual Learner?

                  When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

                  I’m talking about preferring to read an actual map when navigating to a new place over listening to verbal directions. I’m talking about discovering that you actually have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

                  Most people who struggle with learning probably aren’t leveraging their best learning styles. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

                  However, visual learning in particular CAN 10x your career or business whether it is your preferred learning style or not. And here’s why:

                  Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory which helps us store information for longer periods of time.[1]

                  While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e learning about the human DNA).

                  Visual learning does use a different part of the brain and visual cues are processed by the part of the brain known as the occipital lobe.

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                  By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

                  How to Use Visual Learning for Success

                  Here’re 4 ways to use visual learning to boost your career or business:

                  1. Bring back the to-do list. Then add shapes and colors to boost productivity.

                  We live in an age where computers have taken over virtually every aspect of productivity and most human functions. But written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

                  While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and boosts aids recall so that you actually get stuff done.

                  I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

                  2. Add graphs, charts and symbols to your reports.

                  Yes, it seems like more work cut out for you. However, graphs enable you monitor the heartbeat of your business.

                  Graphs and charts help you trend your finances, budget, and pretty much any data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and in a matter of seconds, have relevant information displayed in different shapes and images.

                  As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

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                  And when broken down into monthly, quarterly, bi-annual or annual goals, graphs and charts communicate what ordinary text cannot.

                  3. Effectively brainstorm with mind-mapping.

                  Mind-mapping is not new but I don’t think it’s been talked about as often as we do to-do lists.

                  With mind mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole.

                  Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

                  It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

                  Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

                  Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

                  4. Add video streaming to meetings.

                  What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation at the same time?

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                  When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories into images in our minds.

                  For organizations that hold virtual meetings, it can also be an effective way to enhance performance during if people can see their colleagues in addition to flash animation or whatever form of video is provided during the meeting.

                  Is Visual Learning Better Than Other Learning Styles?

                  No, that is not the point. The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

                  You might discover that understanding scientific concepts are much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

                  The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

                  More About Learning Styles

                  Featured photo credit: Unsplash via unsplash.com

                  Reference

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