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8 Young Millionaires That You Should Learn From

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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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                  Last Updated on January 13, 2022

                  15 Best Places for Expats to Live (And Why)

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                  15 Best Places for Expats to Live (And Why)

                  Many of us dream of living abroad but can often be scared to make such a big change to our routine lifestyles and leave our home countries behind. Daunting as it may be, living abroad can be a rewarding and fulfilling endeavor and can give you the quality of life you have been looking for.

                  From a warmer climate to a more easy going way of life, there are many foreign countries favored by expats who stay for a long time – and sometimes forever. Taking into consideration livings standards, opportunities and social aspects, here are our top 15 best places to live as an expat and why.

                  1. Thailand

                  A hot spot for expats, the ‘land of smiles’ as it’s commonly known offers expats a tropical climate, a huge array of sandy beaches and islands to explore, and a rich culture. The cost of living in Thailand is extremely low, and when combined with the friendly tax system means that disposable income can be very high.

                  Bangkok, Thailand’s capital city, offers expats great employment opportunities.

                  2. Switzerland

                  Another popular destination for expats, Switzerland offers exciting employment packages and a high standard of living. It’s great for those who love the outdoors, as there are many beautiful lakes, mountains to hike in and skiing in the winter. The school standards for expats are also excellent, making it appealing for those with children. English is also widely spoken so day-to-day living can be stress free.

                  Unemployment in Switzerland is low and expats moving here don’t need to worry too much about finding a job before they arrive.

                  3. Australia

                  Many foreigners who visit Australia don’t want to leave as it offers a great quality of life, beautiful beaches and a warm climate. Making friends in Australia is easy too, due to the lack of language barrier and the large number of expats who already live here. Australia is a great place to move to if you have children because of its wide range of schooling possibilities and recreational outdoor activities.

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                  Low population levels and high quality of life are two of the main reasons expats choose Australia as a place to live.

                  4. Singapore

                  Expats in Singapore can benefit from generous financial packages, great career opportunities and low tax rates. Although education is expensive here, it is rated one of the top places for raising children abroad due to the quality of the education system and the array of schools.

                  Public transport such as buses and MRT (Mass Rapid Transit) are cheap and very reliable in Singapore.

                  5. South Korea

                  South Korea offers expats a unique range of opportunities and a very different way of living. Jobs for expats are easy to find and usually very well paid, with apartments provided by the employer on the most part making living costs even lower. There are also many tight-knit expat communities in South Korea, making it easy to socialize and meet new friends. The excellent education system is also a pro for families wanting to move to this culture-rich country.

                  South Korea has a cheap public healthcare system and offers great medical care, with most doctors speaking English.

                  6. New Zealand

                  New Zealand is constantly on the lookout for skilled workers to expedite to the country – especially those under the age of 30 – and skilled migrants can be granted a stay for up to five years. It offers a good climate and although income levels can be lower than other countries, quality of life is high, with its awe-inspiring scenery, low crime rate and state sponsored healthcare.

                  New Zealand is great for those looking for a laid back and active outdoors lifestyle.

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                  7. Canada

                  Its national healthcare system, friendly locals and very high quality of life are just a few of the reason expats choose Canada as a place to live. It’s very welcoming to expats and skills shortages encourage foreigners to move here in order for the country to grow economically. It’s easy for expats to feel comfortable quickly in Canada due to its multicultural environment.

                  Canada was largely unaffected by the economic crisis, making it a very popular country for expats.

                  8. Qatar

                  Qatar is becoming increasingly popular among expats with an estimated 500 new arrivals every day. The salaries are generous and are tax free too, making disposable income very high. Car and housing allowances are part of many remuneration packages, and education for your children and airfares are often included.

                  The cost of living is lower in Qatar than in other UAE countries but salaries can still be just as generous.

                  9. Hong Kong

                  Where east truly meets the west, this bustling island has a population of over seven million people. If you’re looking for a fast-paced environment and an active nightlife, Hong Kong is definitely the place to be. Benefits for expats include its advanced healthcare system and elevated standards of schooling for children, along with great employment opportunities. The cost of living in Hong Kong can be high, so trying to negotiate a housing allowance with your employer can be beneficial.

                  Hong Kong is great for those looking for high incomes and career advancement.

                  10. Japan

                  As an expat destination, Japan offers a rich culture and a chance to experience a very different day-to-day life. Currently around two million expats live in Japan, and in the larger cities such as Tokyo a large portion of the population speaks English. English speakers are also in demand and there are a large number of opportunities for language teachers, especially in the capital.

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                  Japan offers a high standard of living for expats and a good education system for those with children.

                  11. Spain

                  Spain is a very popular destination for expats due to the high temperatures and year-round sunshine. EU residents don’t require a visa to work here, meaning the move can be a lot easier. Skilled foreign workers also continue to be in demand with jobs such as engineering, customer service, skilled trades and language teachers widely available.

                  A huge 14% of Spain’s population are expats from a variety of foreign countries.

                  12. Dubai

                  Two of the main attractions of moving to Dubai are the tax-free salaries and the warm climate. Some of the most popular jobs for expats are in construction, banking, oil and tourism. You can also enjoy a busy social life in Dubai as the expat community is thriving. Although it can be an expensive country, the tax-free salary means you experience a higher quality of life than in other countries.

                  You will need a work permit, residence visa and an Emirates ID card to live in Dubai as an expat.

                  13. Germany

                  Germany is one of Europe’s most populous countries, with around 82.4 million people. It’s a lively and inexpensive country to live in as an expat, and if you have children the education system is great and healthcare is to a high standard. An estimated 250,000 expats live in Germany currently, with the numbers rising every year.

                  If you are already an EU citizen, you don’t need a visa to live and work in Germany.

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                  14. The Netherlands

                  The Netherlands is a great place for expats who love the outdoors. Cycling is one of the main modes of transport and looking after the environment is widely recognized. There are a lot of English speakers in the Netherlands too, but learning the language can work to your advantage and make day-to-day life that little bit easier. Skilled expats can also benefit from a tax-free allowance equivalent to 30% if they meet the correct criteria.

                  It is often more important to be able to speak fluent English than to speak Dutch when looking for employment in the Netherlands.

                  15. China

                  China offers expats great employment opportunities with little competition. Those who embrace the culture and decide they want to live in China long term can see a host of employment opportunities as its economy is growing rapidly every year. Economists predict it will overtake the US as the world’s largest economy by 2018. China also offer expats low living costs and high disposable incomes, which is why many look to live here for a higher quality of life.

                  Shanghai and Beijing are the most popular destinations for expats who live in China.

                  Featured photo credit: Saulo Mohana via unsplash.com

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