Thursday, October 21, 2010

How to Be a Millionaire by Age 25

From the Yahoo News. Here is an advice from people who made their first million before their age of 25

Michael Dell
Age now: 45
Title/Company: Founder and CEO, Dell Computers
Made his first million by age: 19

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

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

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

ge 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)

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

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."