http://finance.yahoo.com/career-work/article/111047/how-to-be-a-millionaire-by-age-25?mod=career-worklife_balance (http://finance.yahoo.com/career-work/article/111047/how-to-be-a-millionaire-by-age-25?mod=career-worklife_balance)
How to Be a Millionaire by Age 25
by Kiplinger staff
Monday, October 18, 2010Kiplinger'sPersonalFinance
Wish you were as wealthy as this guy?
He's Mark Zuckerberg, co-founder of Facebook, and his super-geek-to-billionaire story is the basis of the hit movie The Social Network. "Young people are just smarter," he told a Stanford University audience in 2007. He started Facebook from his Harvard dorm in 2004 as a sophomore. Now he's a 26-year-old philanthropist, recently donating $100 million to the Newark, N.J., school district.
Zuckerberg's youthful fame and fortune makes for a riveting tale. But across America every year, plenty of entrepreneurs make their first million under the age of 25, some in high school. It takes vision, smarts, determination and a little luck. Here are five of them, along with their advice for achieving prosperity.
Michael Dell
Age now: 45
Title/Company: Founder and CEO, Dell Computers
Made his first million by age: 19
Dell launched his computer company in 1984, just before dropping out of the University of Texas. By selling direct, Dell lowered prices and won over customers. At 24, the company had revenues of $258 million. At last check, his estimated net worth was $13.5 billion.
His advice for young entrepreneurs: "You've got to be passionate about it," he said in an interview with the Academy of Achievement.
"I think people that look for great ideas to make money aren't nearly as successful as those who say, 'Okay, what do I really love to do? What am I excited about?' "
Catherine Cook
Age now: 20
Title/Company: Founder, myyearbook.com
Made her first million by age: 18
In 2005, Catherine and her brother founded the social-networking site, which functions like a digital yearbook with pictures, friends and virtual currency called "lunch money." Today, it boasts 20 million members and is one of the 25 most-trafficked Web sites in the U.S.
Her advice for young entrepreneurs: "Stop just thinking about it, and make it happen.
When you're young is the best time to start your own business, as you do not have the responsibilities you will have when you're older. The worst that can happen if you fail now is that you have firsthand experience to make your next venture a success."
Sean Belnick
Age now: 23
Title/Company: Founder, BizChair.com
Made his first million by age: 16
Belnick's been selling business furnishings online for nearly a decade now, but the recent B.A. graduate of Emory University's Goizueta School of Business still saw value in a college education.
His advice for young entrepreneurs: "It is never too early to start. I started when I was 14.There was a lot of great information on the Internet. Just do the research and find a way to do what you want to do."
Juliette Brindak
Age now: 21
Title/Company: Cofounder/CEO, MissOandFriends.com
Made her first million by age: 19 (Brindak won't divulge when she earned her first million, but says that her company was valued at $15 million when she was 19)
At 10, Brindak started drawing the "cool girls" cartoon figures who became stars in 2005 of her online community for tween girls. Today, she is seeking investors and preparing to take the site public as she attends Washington University in St. Louis.
Her advice for young entrepreneurs:: Find a solid support team who believe in your idea. "If someone starts to doubt your company and what you're doing, you need to get rid of them."
Matt Mickiewicz
Age now: 27
Title/Companies: Founder, Sitepoint, 99 Designs and Flippa
Made his first million by age: 22
Mickiewicz, who launched his first company in 1998, points out that the Internet enables immediate customer feedback, making it relatively inexpensive to test and launch new ideas.
His advice for young entrepreneurs: "People who say it takes money to make money are using the worst excuse ever. . . Create massive value for others by providing a solution where no other exists."
Sean Belnick
Age now: 23
Title/Company: Founder, BizChair.com
Made his first million by age: 16
Belnick's been selling business furnishings online for nearly a decade now, but the recent B.A. graduate of Emory University's Goizueta School of Business still saw value in a college education.
His advice for young entrepreneurs: "It is never too early to start. I started when I was 14.There was a lot of great information on the Internet. Just do the research and find a way to do what you want to do."
Ja da sam u jednom momentu postao milijunas pre negde 25 do sada bih bio ili mrtav (moje nejako telo ne bi to izdrazlo) ili bih poludeo (posto bih verovatno ceo taj imetak ubrzo i bio izgubio) ili bih postao gay (jer bi mi se ogadile sve te modelke s kojima bih se neprestano druzio).
Najobziljnije, meni nikakvo bogatstvo do 25-te, mozda i kasnije, nikakvog dobra ne bi donelo.
Mozda bi postao srBski naciJonalist...
srBski tzv. naciJonalisti postanu milijunasi upornim radom. put do vrha je dug i mukotrpan, ali isto tako je i u suprotnom pravcu. xjap
Koliko se secam, i nas Ivan je uprkos svemu uzeo BA pa i MBA. Vidis, tele, svi znaju da to mora.
pa sta mu vrijedi, zar ne vidis koliki je ljakse ostao... osim toga kladio bi se da nema pas za sta da ga ugrize. obicno se takvi trse i kriju iza tzv. diploma.
diplome su diplome
ne postoje tzv. diplome...
indie, nisi bio tu prije nekoliko dana kada je ivan objasnio kako je polagao ispite... ako te ne mrzi, potrazi temu. vecernja skola bila, a i tu varao... :)
bio sam, vido...
i bas sam se pito kad sam neki slican gedzet kupio detetu i usmeravo ga da
isti koristi u svrhe ko ivan sto je koristio...
jok, iz inata, mada su tu iz istog kraja odrasli
i nije prva bila na kraju (13-a)...
znaci obadvojica ste isti strucnjaci, a izgleda ce i mali kada poraste... :roll:
milijunasi. novokomponovani :)
Saudis in Audis (http://www.youtube.com/watch?v=lqJDuZIcQ34#ws)
mnogo dobro alane... :!:
Quote from: Che on October 21, 2010, 11:03:14 PM
put do vrha je dug i mukotrpan, ali isto tako je i u suprotnom pravcu. xjap
Ти си једно намучено биће.
Quote from: slawen on October 22, 2010, 05:59:44 AM
Quote from: Che on October 21, 2010, 11:03:14 PM
put do vrha je dug i mukotrpan, ali isto tako je i u suprotnom pravcu. xjap
Ти си једно намучено биће.
Moram da kazem da sam i ja bio zbunjen tom recenicom. Sta si hteo da kazes? Da je i put k dnu dug i mukotrpan?
vi s trulog zapada mi stvarno idete na živac svojom dekadencijom.
che vam je glavna briga i preokupacija.
a ja ovde živim s radišom uroševićem - članom upravnog odbora PTT-a.
Ја овде живим са Радишиним радио-станицама (плурал), од којих у ужем центру града не може да се ухвати ни једна друга станица.
За почетак...
Quote from: Hate mail on October 21, 2010, 10:53:09 PM
Mozda bi postao srBski naciJonalist...
ah ne. to ipak mora kod kuce da se nauci. Secam se kako sam kao klinac bio zabezeknut tamo onih ruznih 86-87-88-89 kad je divljastvo i glupost postalo i oficijalni pravac i put u svetlu srpsku buducnost. Svi oko mene su pricali o nekim stvarima - koristili se izrazima, znali neke stvari, imali snazan osecaj pripadnosti - o kojima ja ama bas nista nisam znao iako smo zajedno odrastali.
Odjednom kao da su se svi bili propudili, ali iz nekog sasvim drugog sna. Pa onda vesanje Milosevicivih slika po ucionicama, uz neskrivano odobravanje tzv. profesora, pa dezuranje po skolama u slucaju diverzantskih albanskih napada, pa RTS, pa ljige iz SANU, pa dum-dum-memorandum na koji je ekipa iz odeljenja svrsavala, pa price o kokardama, cetnicima i od jednom je svako bio iz ponosne cetnicke porodice. Pa mitinzi. Eh, da mitinzi. Sva stoka Srbije na cetvrt kvadratnog kilometra.
Ja sam svim tim dogadjajima bio totalno zatecen i nisam moga da prepoznam sve te ljude. Nije to bilo nista toliko dramaticno, ali jednostavno oni su svi odjednom znali neke stvari i obicaje o kojima ja nisam nista znao. Kazem, kao da nismo zajedno odrastali.
Vremenom mi je postalo jasno da je to nesto sto su nasledili i naucili u porodici, a da sam ja imao srece da tim budem zaobidjen.
Tako da, od 86-te pa nadalje, izmislis i milion raznih scenarija za mene i moj zivot, ni u jednom jedinom ja ne bih bio naciJonalista niti patriJota.
Jednostavno mi je ta glupost strana.
Quote from: Ivan_D on October 22, 2010, 11:05:13 AM
Jednostavno mi je ta glupost strana.
pa najveca razlika izmedju tebe i ovih novokomponovanih nacionalista je ta da si ti taj 'nacionalizam' ziveo dok su oni o tome slusali preko televizije, novina ziveci po amerikama i kanadama ili se uopste nisu ni rodili.
hteo si reci: taj nacionalizam 'ziveo'?
nacionalizam moze da bude vrlo pozitivna pojava. sovinizam je nesto drugo. xjap
Quote from: Che on October 21, 2010, 11:53:07 PM
znaci obadvojica ste isti strucnjaci, a izgleda ce i mali kada poraste... :roll:
You just failed the "Analysis of an Issue" and "Analysis of an Argument" sections.
jes' ti razum'o sta je piasac 'teo da kaze?! :)
It's way above your pay grade.
nemo' opet da zapocinjes o parama ziv biJo... znas kako se kaze kada se neko stalno hvali kako ima veliku patku!? e ovo tvoje sa parama me neodoljivo potsjeca na tu pricu... :)
You were given sufficient information about an issue and you were not able to inerpret it.
That tells me you are probably not doing all that great in life, overall.
ma ja sam ti hatemi skroz u qrcu, susta suprotnost od tebe. :)