What things can I do in my 20s to become a millionaire by 30? originally appeared on Quora - the knowledge sharing network where compelling questions are answered by people with unique insights.
I can give you two surefire ways, but you have to be willing to make the sacrifice. I call it the Star Trek strategy: Boldly go where no man has gone before.
What do I mean by this metaphor?
The world is full of opportunities, but they are not equally distributed. Luckily, you are a mobile being. You can use your youth and mobility in your favor. Every young person wants to live in San Francisco/New York/London/Hong Kong and work for Facebook/Google/Goldman Sachs/McKinsey. Everyone wants that when they graduate. Everyone!
But who the hell wants to set up a stock brokerage firm in sub-Saharan Africa for a major US firm? Or work in the new Hanoi, Vietnam office of a global consumer goods company? Nobody.
But that's where the opportunity is. A friend of mine was in a dead-end job in a small civil engineering firm in the US. He made about $35k a year. He started looking at overseas assignments. He got a job in Libya. That's right: freaking Libya, ruled byyears ago. Because nobody wanted to be in Libya, he was earning $110k a year plus housing and other benefits.
Now if you start thinking, "I don't want to go to a crazy country," I have good news for you. There's another way to make your first million.
For the second option, you just need to find people from your country who have a need for people in another (civilized) country. It can be an Italian company that wants to open or has a Canadian office. For some, reason people are more likely to trust people who share their nationality and customs.
In this case, you will need to find a compelling business opportunity to ensure you can grow and make money. Now, you might say this doesn't exist. It does, even if you speak no other languages.
There is a famous book called Ugly Americans about some young American guys who went to Japan and made a bunch of money ($80 million). These recent graduates connected with a wealthy American who wanted to hire Americans in Tokyo. Japan is far from a shithole, but it's not really immigrant friendly. This book is worth reading.
To summarize, you have to go after opportunities where the competition is lower and thus increase your chance of success. It may come at the expense of comfort, because you will live in a place without your family and friends, without speaking the language, and without the familiar things you grew up with. This is really freaking hard.
On the other hand, you can always stay at your comfortable, mediocre-paying job and spend time after work sitting at home SEOing your blog in hopes of making millions one day from Adsense, or selling some crappy e-book. Your choice.
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