How to become a millionaire starting from $5,000 - a million dollar guide!
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If you have $5,000 you can become a millionaire - and in today’s video I am going to show step by step on how you can do just that. //So, is it really possible to turn $5,000 into $1 million? The simple answer is yes - the more complex answer is yes but you need to know how - so lets learn the secrets ,that before you know it, will make you a millionaire.

When I was 23 years old I started my magic and playing card business with less than $10,000. In a little over a year I was making over $1 million dollars - and I did it in an industry that is very niche - niche - I’m going to go with niche. That industry was teaching magic tricks- basically creating an online school for magicians, and producing and selling playing cards and other secret things magicians might need. Now I took this success and have broken it down into how you can do the same thing too. So starting a business - how do we do it and do it successfully?

For starting a business, you need to answer a simple question - What problem am I solving with my business? Take your notebook, take a pen and start writing down problems in your industry - then write down solutions. It doesn’t matter right now if the solutions are not achievable or even make too much sense - just write them down and fill up as many pages as you can. Start researching your industry and learning as much as you can about it. Buy the products and services offered in your industry - be a part of the online groups - read books on the topic and learn the stories of other successful people in the industry. Next you have to turn your idea into a business and generate some money - so we are going to sell goods or services related to that business direct to consumer, through a distributor or wholesaler, or direct to businesses for their use. If you are genuine in solving that problem and provide your customers with a lot of value along the way, then you will make money. From this point on its just a numbers game. You can take a 2% conversion rate as a standard and work backwards from there. So if you want to sell 100 items you will need at least 5,000 potential customers. Boom now you can predict with pretty good accuracy how much money you will be making.

Let’s talk about how we can turn $5,000 into $1 million using one of the most secure ways to grow wealth and that’s Real Estate. Now out of all the things I am going to talk about today, Real estate is probably the most certain and most predictive way someone can become a millionaire. Ok so as a first time home owner, you can qualify for a loan with a down payment as low as 3.5% - 5% as long as you meet certain conditions like living in the home for the first year, things like that - so do your research on FHA loans or how you can be approved in your state or where you live for a conventional mortgage with a 5% down payment. Now we are going to rent out that property and have your tenant pay your mortgage down for you - this basically means someone else is buying your home for you. You will now expand by repeating this each year or every few years. One rental property isn’t going to make you rich, but if you continue to buy properties throughout the years before you know it you will have a portfolio of many properties that generate more and more money with each new property. Now at a certain point you are going to want to expand into more than just single family homes and apartments. Lets say you own 3 rental properties at this point and you decide you want to start investing into duplexes or triplexes at a higher amount. One thing you can do is do a cash refinance on the property you already have and the bank will give you cash in hand - a loan basically on your assets - of which you can then take and reinvest into bigger and better real estate.

The next step is making money with stocks, options and crypto - (Watch video for full details)

I am not a financial advisor - none of the above video is meant to be taken as investment advice. I am just showcasing MY own strategy and my investments should not be tried and duplicated based solely off the information in this video for risk of losing money.