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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 November 19, 2019

                  Work Smarter, Not Harder: 12 Ways to Work Smart

                  Work Smarter, Not Harder: 12 Ways to Work Smart

                  I imagine that like me, you say that you never have enough time and that you just cannot cope with 60 dozen things all at once.

                  How on earth do you get out of that spiral?

                  Many people never sit down and look at how to work smarter, rather than harder and even longer hours. But not you, you’re smart enough to try to learn effective ways to work.

                  So how to work smarter not harder? Here are 12 smart ways you should be following:

                  1. Improve Your Time Management Skills

                  Easier said than done? Well, no actually, because there are a few simple rules that can really help you to manage time better.

                  For example, when setting up a top priority task, you need to switch off the phone and ignore your email first. Then you need to abandon any ideas of multitasking as that will slow you down and ruin your focus.

                  Finally, set a reasonable deadline and do everything in your power to meet it.

                  “When you’re born, you’re born with 30,000 days. That’s it. The best strategic planning I can give to you is to think about that.” — Sir Ray Avery

                  2. Speed up Your Typing and Use Shortcuts

                  These days we’re all keyboard slaves. So why not speed up your typing and try to get rid of the two finger syndrome. In fact, when you save 21 days per year just by typing fast!

                  This is exactly what I am doing now, so I cannot honestly say I am practicing what I preach!

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                  But help is at hand. Try some of these apps and games to help you type fast: 8 Most Effective Games and Apps to Learn to Type Fast

                  Using shortcuts on the keyboard is another time saver and can speed up your work.

                  For example, press F2 to rename a selected file, while CTRL + I will put selected text in italics.

                  There are so many of these. If you make the effort to learn them, they really can be helpful.

                  3. Learn How to Use Productivity Tools

                  It is well worth downloading all the useful tools and apps that can highly boost your productivity. Take a look at these 18 Best Time Management Apps and Tools and install whatever fits your needs.

                  Now that is really a great way of working smarter, not harder.

                  4. Use Your Phone Wisely

                  Instead of writing emails, sometimes it’s better to pick up the phone and talk to the person responsible. It saves time, especially for important or urgent discussions.

                  If that colleague works in the same office, it is even better to go and talk to him or her. It gives you a break, you get some exercise and you actually make human contact which is becoming quite rare in this electronic world.

                  5. Keep a Tab on Your Tabs

                  If you are like me, you might well find that you have a ton of tabs open at the top of your browser.

                  In order to find the one you want, you have to search for them as they are off screen. Having all these tabs open slows down your browser too.

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                  One solution is to use OneTab which can keep a neat list on the screen of all these tabs when you want to quickly get to one of them or you want to remind yourself which ones you have open.

                  6. Use a “To Don’t” List

                  We all know about to do lists and I find that they are generally great. They give me a great sense of achievement as I cross off the tasks done.

                  But often, I find that we are doing non-essential tasks or ones that can easily be postponed. That is why many people recommend the to don’t list.[1]

                  Some people prefer to savagely prune the to do list while others prefer to have two separate lists, to do and to don’t. You just have to work out what works best for you when you are trying to save precious time to become more productive.

                  7. Expect Failure and Fight Paranoia

                  When failure rears its ugly head, some people get a bit paranoid and fear that this may become a trend.

                  Projects will go wrong and failure should be expected rather than feared. Learning lessons from failure and analyzing what went wrong is the best way forward.

                  “Do not be embarrassed by your failures, learn from them and start again.” — Richard Branson

                  And here you can find 10 Great Lessons Highly Successful People Have Learned From Failure.

                  8. Be Concise

                  Rambling on at meetings, in emails and even when introducing yourself to new clients can waste a lot of people’s time.

                  One way is to practice and sharpen your “elevator speech,”[2] which tells people in 30 seconds or less why they need your skills and how they can benefit from doing business with you.

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                  Just think of the many situations where this could be useful:

                  • Making new contacts
                  • Talking about yourself at a job interview
                  • Meeting people at conferences or parties
                  • Phone calls to new clients

                  9. Ask the Right Questions

                  “You can tell whether a man is clever by his answers. You can tell whether a man is wise by his questions.” — Naguib Mahfouz

                  How do you get feedback? The secret is to ask the right questions at the right time.

                  When you do this, you are gathering the information you need to help in decision making. This will save you time and you will be able to cut meetings to a minimum.

                  Forbes magazine reports on research that they carried out on asking the right questions.[3] When that happens, the positive effects are increased by 400%. There are also other benefits in staff motivation and a positive impact on the company’s bottom line.

                  Lifehack’s CEO Leon has shared about how to ask for feedback to learn faster: How to Learn Quickly And Master Any Skill You Want

                  10. Learn as Much as You Can

                  You should always be on a steep learning curve. Look at your skills profile and determine where you need to fill a gap. Talk to important connections and network in your niche.

                  Keep up to date on trends and developments. It is a fact-changing world. When an opportunity arises, you will be the best equipped to seize it because you have never stopped learning. Just another way of working smarter.

                  “Live as if you were to die tomorrow. Learn as if you were to live forever.” — Mahatma Gandhi

                  11. Look After Your Greatest Resource

                  No, your greatest resource is not time. It is YOU.

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                  If you do not get enough sleep, exercise and relaxation, you find that you become less and less productive. You begin to work longer and longer hours, which is the exact opposite of what you want.

                  What you should be doing is making sure you are in the best shape. It is useful to remember that you need a break of 15 minutes after every one and a half hours of work.[4]

                  Taking breaks and getting fresh air and exercise is one of the best ways of working smarter, not harder.

                  12. Don’t Fall into the Trap of Working Smarter and Harder

                  As a society, we are obsessed with doing everything smarter so we are more efficient and we save time all around.[5]

                  But the most important thing to remember is to accept when we are ready to switch off that computer and not fill up the time with even more work!

                  The Bottom Line

                  The key to greater productivity is to work smarter, not harder. Working smarter saves precious time and energy for the things that really matter — your life goals, your personal growth, your health and your relationships.

                  Stop working for more hours and start working smarter!

                  More About Working Smart

                  Featured photo credit: Unsplash via unsplash.com

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