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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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                  Last Updated on January 21, 2020

                  How to Increase Work Productivity: 9 Ground Rules

                  How to Increase Work Productivity: 9 Ground Rules

                  We all have those days when completing our assigned tasks seems beyond reach. With the temptation of social media, mobile games, and the internet in general—not to mention the constant bustle of people in the office—it’s easy to fall prey to disruptions and distractions at work.

                  So, what can we do about it? How to be productive at work?

                  While we don’t have a foolproof system that can completely eliminate disturbances and diversions, we do have 9 ground rules that can be applied to help give your productivity levels a boost.

                  Keep reading to find out our tips on work productivity.

                  What Does It Mean to Be Productive?

                  How to be productive at work?” is the age-old question plaguing employees and employers alike around the world. Regardless of where you work and what you do, everyone is always looking for new ways to be more efficient and effective.

                  But what does being productive actually entail?

                  Completing more tasks on your list or working longer hours doesn’t necessarily mean you’re being more productive. It just means you’re more busy, and productivity shouldn’t be confused with busyness.

                  Productivity means achieving effective results in as short amount of time as possible, leaving you with more time to enjoy freely.

                  It involves working smarter, not harder. It means refining processes, speeding up workflows, and reducing the chances of interruptions.

                  Productivity is best achieved when looking at your current way of working, identifying the bottlenecks, flaws, and hindrances, and then finding ways to improve.

                  9 Ground Rules on How to Be Productive at Work

                  1. Avoid Multitasking

                  Multitasking can give the impression that more tasks can be accomplished as you’re doing multiple things at once. However, the opposite is true.

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                  Research has shown that attempting to do several things at the same time takes a toll on productivity and that shifting between tasks can cost up to 40 percent of someone’s time.[1] That’s because your focus and concentration is constantly hindered due to having to switch between tasks.

                  If you have a lot of tasks on your plate, determine your priorities and allocate enough time for each task. That way you can work on what’s urgent first and have enough time to complete the rest of your tasks.

                  2. Turn off Notifications

                  According to a Gallup poll, more than 50 percent of US smartphone owners admit to checking their phones a few times an hour.[2]

                  Switching off your phone—or at least your notifications—during work hours is a good way to prevent you from checking your phone all the time.

                  The same applies to your computer. If you have the privilege of accessing social media on your work desktop, switch off the notifications on there.

                  Another good tip is to logout from your social media accounts. Therefore when you feel the urge to check it, you might be swayed because your page isn’t so easily accessible.

                  3. Manage Interruptions

                  There are certain disruptions in the office that are unavoidable such as your manager requesting a quick meeting or your colleague asking for assistance. In order to deal with this, your best approach is to know how to handle interruptions like a pro.

                  Be proactive and inform the people around you of your need to focus. Turn your status on as “busy/unavailable” on your work chat app.

                  If you’re on a deadline, let your colleagues know that you need to concentrate and would really appreciate not being interrupted for the moment, or even work from home if that’s a feasible option for you.

                  By anticipating and having a plan in place to manage them, this will minimize your chances of being affected by interruptions.

                  4. Eat the Frog

                  Mark Twain once famously said that:

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                  “if it’s your job to eat a frog, it’s best to do it first thing in the morning. And if it’s your job to eat two frogs, it’s best to eat the biggest one first.”

                  What this basically means is that you should get your biggest, most urgent task out of the way first.

                  We all have that big, important task that we don’t want to do but know we have to do because it holds the biggest consequence if we don’t complete it.

                  Eat the frog is a productivity technique that encourages you to do your most important, most undesirable task first. Completing this particular task before anything else will give you a huge sense of accomplishment. It will set the ball rolling for the rest of the day and motivate you to eagerly complete your other tasks.

                  5. Cut Down on Meetings

                  Meetings can use up a lot of time, which is time that can be used to do something useful.

                  You have to wait for everyone to arrive, then after the pleasantries are out of the way, you can finally get stuck into it. And sometimes, it may take a whole hour to iron out one single issue.

                  The alternative? Don’t arrange a meeting at all. You’ll be surprised at how many things can be resolved through an email or a quick phone call.

                  But that doesn’t mean you should eliminate meetings altogether. There are certain circumstances where face-to-face discussions and negotiations are still necessary. Just make sure you weigh up the options prior.

                  If it’s just information sharing, you’re probably better off sending an email; but if brainstorming or in-depth discussion is required, then an in-person meeting would be best.

                  6. Utilize Tools

                  Having the right tools to work with is crucial as you’re only really as good as the resources you have at your disposal. Not only will you be able to complete tasks as efficiently as possible, but they can streamline processes. Said processes are essential to a business as they manage tasks, keep employees connected, and hold important data.

                  If you’re the manager or business owner, ensure your team has the right tools in place.

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                  And if you’re an employee and think the tools you currently have to work with aren’t quite up to par, let your manager know. A good team leader understands the significance of having the right tools and how it can impact employee productivity.

                  Some examples of tools that could be used:

                  Communication
                  • Slack for team chat and collaboration.
                  • Samepage for video conference software.
                  • Zendesk for customer service engagement.
                  Task Management
                  • Zenkit for task and project collaboration.
                  • Wunderlist for listing your to-do’s.
                  • Wekan for an open source option.
                  Database Management
                  Time Tracking
                  • Clockify for a free tracker.
                  • TMetric for workspace integrations.
                  • TimeCamp for attendance and productivity monitoring.

                  You can also take a look at these Top 10 Productivity Tools to Help You Achieve 10x More in Less Time.

                  7. Declutter and Organize

                  Having a disorganized and cluttered workspace can limit your ability to focus. According to researchers, physical clutter can negatively impact your ability to concentrate and take in information.[3] Which is why keeping your work environment well ordered and clutter-free is important.

                  Ensure you have your own system of organization so you know what to do when the paperwork starts to pile up.

                  Being organized will also ensure that you know where to find the appropriate stationery, tools, or documents when you need it. A US study reveals that the average worker can waste up to one week a year looking for misplaced items.[4]

                  Here’s a useful guide to help you declutter and organize: How to Declutter Your Life and Reduce Stress (The Ultimate Guide)

                  8. Take Breaks

                  Taking regular breaks is essential for maintaining productivity at work. Working in front of a computer can lead to a sedentary lifestyle which can place you at a higher risk of heart disease, diabetes, and obesity. Even a 30 second microbreak can increase your productivity levels up to 30 percent.

                  As well as your physical health, breaks are also crucial for your mental and emotional wellbeing. That’s because your brain is like a muscle, the more it works without a break, the easier it is for it to get worn out.

                  Ensuring you actually take your breaks can prevent you from suffering from decision fatigue. It can also help boost creativity.

                  Take a look at this article and learn why you should start scheduling time for breaks: The Importance of Scheduling Downtime

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                  9. Drink Water

                  Although we know we should, it’s easy to forget to drink enough water during the working day.

                  Many of us turn to tea or coffee for the caffeine hit to keep us going. However, like taking breaks, drinking water is essential for maintaining productivity levels at work. It’s simple and effective.

                  Not drinking enough water can lead to dehydration and also headaches, tiredness, and weight gain.

                  A good tip to avoid dehydration is to keep a water bottle at your desk as it can serve as a reminder to constantly drink water.

                  If you find the taste of water a little bland, add some fruit such as cucumber or lemon to give it a better taste.

                  You can also get more ideas on how to drink more water here: How to Drink More Water (and Why You Should)

                  The Bottom Line

                  The preceding 9 ground rules on work productivity aren’t the be-all, end-all. You and the company you work for may have other tips on how productivity is best increased and maintained.

                  After all, it’s something that can be perceived differently depending on the exact job and work environment.

                  In saying that, however, the 9 ground rules serve as a good foundation for anyone finding themselves succumbing to disruption and distraction, and are looking for ways to overcome them.

                  A good tip to keep in mind is that change doesn’t happen overnight. Start small and be consistent. If you slip up, just dust yourself off and try again.

                  Developing habits happens gradually, so as long as you keep up with it, you’ll soon start to notice the changes you’ve been making and eventually enjoy the fruits of your labor.

                  More About Boosting Productivity

                  Featured photo credit: Cathryn Lavery via unsplash.com

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