How To Become A Millionaire WITHOUT Starting A Business
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 793 Ratings
🗓️ 23 November 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
The fast lane to financial freedom is to build a business and invest the profits... but what if you don't want to start a business or you are just not ready yet?
In this podcast Ryan shares some income producing and investing strategies that can make you a millionaire while working a conventional job, freelancing, and/or picking up side hustles.
It's not really about how much money you make... it is all about how much you keep and how you can get your money to work for you and grow while you sleep!
If you're ready to build a 7-figure business you can sell that doesn't eat up all of your time, watch Ryan's FREE 4-part video series - The Perfect Business
https://www.capitalism.com/perfect/?utm_source=CapPod&utm_medium=podcast&utm_campaign=episode
Transcript
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| 0:00.0 | The fastest way to become a millionaire is to start a business and invest the profits. |
| 0:08.0 | But what if you're not an entrepreneur? What if you don't want to start a business at all? Can |
| 0:12.1 | you still become a millionaire? The answer is yes. And in this video, I'm going to share |
| 0:15.9 | with you three ways to make extra money so that you can invest for long-term growth and passive income so that |
| 0:22.7 | eventually you become a millionaire. Will you become a millionaire within a year like a lot of my |
| 0:26.9 | entrepreneurial students? No. But you'll put yourself on the road to become a millionaire |
| 0:32.2 | over the long-term without taking on the risk of starting a business. Full disclosure, |
| 0:36.9 | I totally think you should become an entrepreneur. |
| 0:39.2 | I totally think the best way to become a millionaire is by building a compelling brand, |
| 0:44.5 | getting it to 100 sales a day, and using that cash flow to invest into long-term growth |
| 0:51.9 | that is going to set you up financially for life. That's what I believe to my |
| 0:56.5 | core. But I also know that 90% of people are never going to take the risk of becoming an entrepreneur. |
| 1:02.5 | And so instead, they're looking for just side things to make extra money. And if that's you, |
| 1:07.7 | then I'm making this video so that you know what to do to put yourself on the path to |
| 1:11.6 | becoming a millionaire even if you never want to be an entrepreneur. So the first thing that you |
| 1:16.1 | need to know is that you will make your wealth through what you invest in, not how much money |
| 1:22.2 | you make. In the entrepreneur world, even they don't do this well. You might have heard about |
| 1:27.3 | people making millions of dollars and then going broke. And that's because they don't do this well. You might have heard about people making millions of |
| 1:28.3 | dollars and then going broke. And that's because they don't invest their money into long-term |
| 1:33.9 | things that are going to grow over years or decades. You can become a millionaire making very |
| 1:40.0 | little money. You can become a millionaire making $50,000 a year as long as you are consistently |
| 1:45.4 | taking a piece of that and investing it into things that are going to grow for the long term. |
... |
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