How To Make A Million Dollars (Seriously!)

How To Make A Million Dollars
Ever wanted to know how to make a million dollars? and I mean realistically.Not through a dodgy “Get Rich Quick Scheme” either.This awesome plan created by Sara Beth Allen, originally appeared on Medium, and is a must know guide for anyone looking at making a million dollars in any area that they are passionate in. 

 

 

 

 

A Great & Effective Plan For Making A Million Dollars

 

No cheesy suite or hoodie needed:

Supplies:

A Google doc/Excel sheet (What’s come over me?)

Song: Million Bucks by Maino on Spotify


Pick my income? Who does that? Isn’t salary something you grovel for with manipulative tactics? This is the plan I’m currently using that makes me want to get out of bed in the morning. No, I’m not a millionaire, YET. I’m not playing at Sir Richard Branson or even a finance specialist. I went to art school. I do know that years of business classes and working for Internet marketing gurus made me want to poke my own eye out with a pencil.

First we’re going to talk about cash in a “take what’s yours,” attitude. If you’re going to get uncomfortable click the X on the top right corner. I came from a house where talking about money in a positive sense never happened. I used to hide from my Father when the credit card bills came.

This changes all of the panic mentality around money.None of this is rocket science and I have no idea why people don’t do this. If it’s not fun you’re doing it wrong.

 

1. Select your ten top interests. These go in the top row of your Excel sheet. I don’t care if you’re flipping burgers right now or cleaning bathroooms. This is for you. I don’t care if you’re fending off a case of the blues because somebody left you in the park. You have ten different interests. My interests that I listed are (photography, design, marketing, public relations, writing, fitness, travel, fashion, event planning, and theater). I also have a column for non-profit work and random things that didn’t make sense in the other categories.

 

2. Each interest becomes a profit category. Put each interest as a column header. You are going to bank $100,000 in each of your own interests. Being a New Yorker, I never believe people when they go dropping numbers like they’re tacos. How are you going to get to $100,000?

 

3. Pick 10 projects for each category. This may take a bit of brainstorming but if you’re into everything from construction to body building you can get to $10,000. I know you can get to $10,000 by designing five websites or photographing five weddings. Most likely, you’ll totally outgrow that $10,000 benchmark.

 

4. Did you just suggest that I open 100 businesses? Not all at once, clearly. If you have enough projects going you’ll see momentum somewhere.

 

5. I’m sure someone is thinking, “What if one of these things fail?” You have 99 other things in your Excel sheet. Go do those.

 

6. I always encounter people who feel like a business must have huge costs to get started. Trying to meet just the $10,000 benchmark insures you won’t go to crazy trying to open a theme park (yet).

 

7. A list of 100 ideas to execute may freak you out if you see yourself as “just an illustrator.” I think it’s okay to develop a wider definition for ourselves. Fear of failure makes us come up with things like, “never a corporate sellout,” or “too down to earth want something like that.” Also, what’s cooler? A broke illustrator or one with ten projects in the mix? That they picked. In the words of Seth Godin, “pick yourself.”

 

8. Have fun with this. Some ideas won’t seem like a full time calling like running a film festival in your neighborhood. Except, that’s the kind of fun thing a girl could do for the rest of her life.

 

9. If you’re philanthropic you still have to brainstorm ways to make a profit. That’s a topic for another piece but wanting to help people is not an excuse to starve. If you’re selling the tickets to that concert for charity make sure you get paid. You’re going to learn to write yourself a check for helping people.

 

10. Share these with friends. You have someone in your life who will take interest in your personal training business, retreat to Bali, and bike tours.

 

11. Share your spreadsheets with me! I love seeing these.

 

“Million dollar ideas are a dime a dozen. The determination to see the idea through is what’s priceless.” - Robert Dieffenbach

 

Article originally appeared at: Medium

Rogue writer who loves adventure. Rockin the design and photography casbah. Say hello. Coordinator at @tedxuesNew York, NY · saraballen.com

24 Comments

  1. Edie Dykeman

    May 25, 2014 at 10:43 am

    What a great idea! I’m already thinking of ideas and will start working on the Excel sheet ASAP!

  2. Yes

    September 27, 2013 at 10:32 pm

    My top ten interests

    1. Filmmaking
    2. Music
    3. Videogame creation
    4. Inventing/innovating things
    5. Architecture/3D design
    6. Woodworking
    7. Marketing
    8. Painting
    9. writing
    10. Graphic design

  3. Frank

    September 14, 2013 at 5:17 am

    I told all my friends and family that i would make 100,000$ by the end of the year and they are laughing at me. I know it will happen and i believe it. I just need to be the right person at the right place and time. This article was helpful and uplifting.

    • sheldon

      December 29, 2013 at 1:06 pm

      I can relate I told my wife the same thing so I’ve been writing it on the calendar for the past year an a half I have six to reach this this goal nothing yet but I still have mg foot on the pedal lets see what happens

    • tatoleal

      July 28, 2014 at 12:42 am

      Did you make it Frank? Just curious.

  4. Joe Chew

    September 13, 2013 at 7:28 am

    it might not be seriously 100 projects. you might not have 10 interest.
    the main point is discover your potential and put it into action.
    you cant focus 100 projects at a time,
    the point here is to let you think what you possibly can do, give it a try on your own market. learn from the outcome.
    you will never widen your perspective if you just think. even if you failed all 100 projects in the spread sheets, you will definitely learn so much compare to the time you started filling up the worksheet.

  5. infowealth

    September 11, 2013 at 3:29 pm

    at d start of your write up, i tend to be nodding but i think you jump the gun when focus was thrown out of this serious matter. learn to follow one corse until successful and dont build unnecessary castles in the air. lets get serious please!

  6. Dillon

    September 9, 2013 at 12:51 am

    Love this! Such a great tool for brainstorming and something to reflect on. Obviously it isn’t realistic to try and maintain multiple projects at the same time (final result would be so much less than what it could be if only focused on 1). But this is a fantastic exercise to get the creative flowing and hopefully stumble across a business idea in something you truly enjoy.

    This exercise would make a really fun project in business schools that have an entrepreneurship program :).

  7. Harry @ GoalsOnTrack

    September 7, 2013 at 7:15 pm

    Nice idea. But spreading your focus and time out over 100 things is not good. Perhaps focus on only 1 project first and make sure you do everything to make it reach $10K before moving on to the next one.

  8. Diana (@DDajana60)

    September 7, 2013 at 7:10 am

    Great option for those who have many hobbies and can’t choose one.

  9. Dickson Kombua

    September 7, 2013 at 1:07 am

    What a great idea. Thanks for sharing.

  10. Sean

    September 6, 2013 at 11:17 pm

    Awesome !Im gonna do one too!

  11. Andrew

    September 6, 2013 at 8:37 pm

    That’s why the article doesn’t say you SHOULD try to manage this many projects at once, Jose Ramos.

    It specifically says to work on one or two at a time, only moving on once a previous project ends.

  12. Jose Ramos

    September 6, 2013 at 3:08 pm

    I am a new reader in the website and so far I have loved everything. And although this one sounds good on paper (no pun intended) I have to disagree with it a little bit. Managining that many projects at the same time will be too time consuming, too stressful and probably not as sucessful. The idea of being a millionaire (at least in my mind) is to have the freedom of doing little work and a lot of money. Even more than that though, is the fact that Steve Jobs taught: it is better to have less/simpler products of high quality than try to be a jack of all trades, master of none.

    My two cents…

  13. Joshua Harris

    September 6, 2013 at 7:15 am

    I believe this is a very smart way to get ideas flowing, but more logic must be placed into the process of becoming a millionaire. We have to understand that we are compensated in direct proportion to the service we provide to others. This can be measured through a product or service of some sort, but you must provide value to others to receive a monetary reward.. Begin listening to Brian Tracy, Earl Nightingale, Jim Rohn, Napolean Hill Etc. Dont bother with music listen to their teachings whenever traveling car or foot. Read every book you can on business and personal development. The ideas that will come to your life is priceless. Most importantly understand and realize that ANYONE CAN BECOME A MILLIONAIRE. BUT MOST WONT. Most lack the discipline, perseverance, goal setting, pleasing personality, positive mental attitude, and financial discipline, to fully see through to the end.

    • Diana (@DDajana60)

      September 7, 2013 at 7:27 am

      Absolutely true. I would add: create twitter account if you don’t have one yet and follow the people that inspire you. Once you start the ideas and brainstorming come so easily and it would change your perseption of things. Then the question won’t be “how it is possible” but “why I haven’t done this before”. Then it is time to comitment and getting stick to the goal.

  14. Benjamin

    September 6, 2013 at 7:10 am

    hahahahah this is sick bro :O Keep it up people, I guess this articles are gonna create a couple of new millionaires!

  15. Matimba

    September 6, 2013 at 5:53 am

    Very doable. I’m on it!

  16. Jason

    September 6, 2013 at 4:28 am

    Cool idea, but number of millionaires created this way 0.

  17. Nikki N. Robinson (@byehighschool)

    September 6, 2013 at 3:37 am

    GREAT idea. I have random money making ideas just lying around my home office. Let’s see what can become of them if I follow this plan!

  18. Ian Macdonald

    September 6, 2013 at 2:54 am

    This is simply genius…100% genius.

  19. Alex

    September 6, 2013 at 1:17 am

    I really get this, I’m going to do one now.

    • Ivo Dimitrov

      September 6, 2013 at 5:49 am

      Genius ;)

    • Sian

      September 6, 2013 at 2:56 pm

      Amazingly simple yet amazingly profound. Wow, just goes to show that the foundation of the greatest achievements lie in very minute phenomenons. Two words SIMPLY AWESOME!!

Leave a Reply

Share with your friends










Submit
Share with your friends










Submit
Share with your friends










Submit