Top 5 Skills That Can Make You A Millionaire In Your Early 20s | Skills Necessary For Future | Lab Of Rich

5 Skills That Can Make You A Millionaire


In this blog, you will learn about The Top 5 Skills That Can Make You A Millionaire In Your Early 20s.


Top 5 Skills That Can Make You A Millionaire In Your Early 20s.

Around 6 years ago Joel Young, lived a very typical middle-class life. He used to do a job in a church as a pastor. Where his salary was very low. He used to have money problems regularly. His credit card limit was exhausted. He had a total debt of $50,000. And not guarantee of his low-paying job either. That's why he doesn't understand. What will he do in the future?

 

He also had a dream to become a millionaire, Earn lots of money. But unfortunately, he doesn't understand what to do. Life was going like this but one day in a church project they needed a voiceover artist. For this, he goes to Fiverr where he hired a freelancer for $10. Now this project is done.

 

But after that, he understood one thing. He thought that this was too simple work. He can do this thing himself If he wanted. Because he had done the job of pastor. So he had little knowledge of public speaking. He had a mic with him, which he used in his college days and he had a laptop too. And they found out that's all 2 things they needed to become a voiceover artist.

 

Because he had both these things, he thought, Let's try. He first started offering his services for $5 and side by side he was also improving his voiceover skills by looking at different things on the internet. What led to that? In the first month, he earned $ 400. In Fact, you know, he started doing side hustle with all his heart by which he ended all of his debt.

 

Now, as his time and experience have grown up in this field, his earnings also started increasing. One time, he started earning more money than his normal job in this side hustle. Then he decided that he would quit his job. Full time then he would do the same thing. After which he did it. And while in six years doing freelancing work he generated a revenue of $ 1.5 million. If we see it in Indian rupees it would be Rs 11 crore. And all this happened, Just because of one mic and one laptop and by using some software.

 

The demand for his service kept increasing. After that, he started hiring the team. He launched his own website, and from here he started earning more and one thing more along with the voice-over, he started giving animation services also. And by using these two he earns a lot of money.

 

If I ask you, if a human being honestly without winning any lottery ticket earns a lot of money, to become a millionaire then what is the way for him?

 

Most people will have two things in their minds.

 

  • First, the thing will be to study well, to get good marks, to do a good job In a big company, and to save money and keep investing in it. After making many investments, after increasing your post you will become a millionaire.
  • Another way is to start a business, Get a great idea. Invest money, invest time and if the business becomes a hit. Then you will become a millionaire.

 

Now look both ways could be right too, and could be wrong too depending on how the person is? What is your passion? How can you work? And these things are also common but the third method has also come forward very recently which I told you from a story. The way is by “using your skills” to become a millionaire.

 

The story which I told you before was not a fictional story, but it is a real example of the real world. Which man has done without any professional degree, without starting a big business. Only based on his skills, did he is earning over a million dollars.

 

In fact, by Harvard business review Emsi burning-glass which is a labor market data form conducted research them in which it was seen that from the year 2017 to 2019, the company employed for the middle-skills position has reduced the degree requirement by 46% and high skills position for the degree requirement has been reduced to less than 31%.

 

In Fact, Elon Musk says that to work in any of his companies, you do not need any big fancy degree. If you have something then it is only skilled.

 

Here I’m not saying that you drop your studies, whatever you want to do, just start working on your skills as well because if you build your skills well, then you can create a huge business with them.

 

What skills should you learn?

Well in today's Blog I’m sharing five different sectors with you except the voice-over skill that I told you about earlier. If you learn it then you will be able to earn a lot of money.

 

Skill Number 1 Is ‘Coding’

 

Coding

The language which is used everywhere in today’s time is computer language. If you learn Chinese, then you can get Chinese people to work, and you can do business well with Chinese people. If you learn Hindi, you can get work done by Hindi people and be able to create a business with them.

 

Simultaneously if you learn computer language then you can communicate with computers and get things done, and this thing is very powerful. Even today people are not able to understand its importance properly.

 

It is also told in the Almanac of Naval Ravikant book, if you want leverage to earn more money quickly then you can do it through the software and computers which can work for you 24/7.

 

That’s why coding is a really important skill that you should learn if you can learn. Coding is a vast field in which many things came from artificial intelligence, machine learning, cloud computing, blockchain, web development, app development

 

You can get things from all over the world in this topic and in this coding, out of this whatever things you are interested in, you can go in that and in this coding, out of this whatever things you are interested in, you can go in that.

 

Remember Bill Gates, Steve Jobs, Mark Zuckerberg, Mark Quinn, and Elon musk all these people say the same things that please learn to code because somewhere all these people can make their company big with the help of coding.

 

Skill Number 2  Is ‘CWC’ Which Means Content Writing And Copywriting

 

Content Writing And Copywriting

See content writing is the most underrated skill of today’s time, why underrated?

Let me tell you, if you can become a good content writer then you can earn money in many different ways

 

For example, if you can write well then you can earn money through blogs, if you can write well then you can earn money through podcasts by converting the same thing into audio, if you convert the same content into video then on the strength of good content you can able to create good videos and earn money through videos.

 

What is Copy Writing?

Basically, writing to sell to people to persuade readers so they can do those things which you want, while content writers basically are giving knowledge by writing well so the people can read easily and be able to understand it.

 

In copywriting we usually play mind games, use the techniques of persuasion to motivate readers to take action, and this is really demanding. In fact, you know, in the US an average yearly income in copywriting is around $53,000.

 

The Third Skill Is ‘Art And Film making’

 

Art And Filmmaking

If you are a fan of superheroes, DC’s fan, then I’m so sure you must have seen the joker of “heath ledger” even 14 years later today people compare big actors with him, and they can’t be able to because his acting was that good, it was acting skill.

 

But with it the ‘batman, the dark knight’ movie is known as ‘one of the greatest movies of all time’ but do you know? The writer and director of this movie, Christopher Nolan never went to film school, he never got a film-related degree.

 

But still, he created mind-blowing movies like dark knight, batman begins, interstellar, and inception which gets praised all over the world. His movies earn a total of more than $ 4 billion.

 

How did it all start? Well, when Christopher Nolan was only 7 years old. He first shot Star Wars 2001, Space Odyssey after watching the movie with his father’s camera at just the age of 7 but he never thought that he would be able to become a successful filmmaker. Movies were just his hobby, you can say it was his passion.

 

In 1993 from London University college he finished his degree in English literature, after that he was doing his normal job along with in his free time he worked on his passion, making short films. Well, he tried at many studios for the chance of making a movie, but no one knew him and his skills that's why no one gave him work.

 

Finally when he gets to the age of 28. Then he directed his first feature film in 1998 ‘falling’ for this thing no one hired him, no one was a producer, rather he himself, he made this movie by taking out his entire savings of $ 8000 which according to that time you can say it is too much. Well, it was a very low budget for a movie.

 

That's why they hired the crew which was all their friends to cast this movie where they do their normal job on weekdays and on weekends they used to shoot this movie. They shot a total of one hour and 9 minutes. It took him 1 year to make this movie.

 

He did a lot of hard work and took a lot of risks. He did everything by himself but he was such a great filmmaker. That's why his work got a lot of recognition. After releasing this movie he got many awards.

 

The interesting thing is that when Christopher Nolan was starting then the internet wasn’t on that much of a boom, then youtube these things didn't work which is working today. If it was done then surely he would start by putting it on youtube.

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But today’s the good thing is in today's time like Christopher Nolan you don't have to invest so much time and money, if you have the skills of filmmaking then you can start it from youtube and I know many people who are earning a lot of money by creating good videos, good short movies and earned well named from youtube.

 

So you can start this thing also, that’s why this skill is the most important skill. If you learn in which you have your interest and passion then you will be able to do well in this too. The entertainment industry is always on the boom, and it always will be, that’s why you can consider this skill too.

 

The Fourth Skill Is ‘Sales And Marketing’

 

Sales And Marketing

You've always heard this saying that Steve Jobs was a genius, but of what thing he was a genius? Look, he did not create the technology behind the iPhone, you can say that behind it, there was Steve Wozniak and many heads of engineering were there.

 

The MacBook was also made by Steves Jobssteered but you can say that there is a big hand of Steve Wozniak as his understanding was more tech-related, Steves Jobs did not design the product for this there are many different designers, so what does Steves Jobs do?

 

Well, Steve Jobs Knows one thing that is to ‘sell dreams, not products’ Steve Jobs was a genius in marketing. The way he marketed the things gets imprinted in people’s hearts and minds by which you can say that they sell their products at ridiculously expensive prices because Steve Jobs was a good seller.

 

Looks like there are many companies which make phones and laptops and many times they created good products which are much more advanced than apple. In many things, it's ahead of Apple, but still, they are far behind from Apple. Apple alone is a $ 2.53 trillion company.

 

The reason is that you can say that those people sell their products at a premium. They sell it more expensively. It Was started by Steve Jobs, he made such a good Apple brand and sold them so well that people are buying them even today, even after they are not there.

 

See there is a simple thing, If you want to earn a lot of money in today's time, then what do you need? You need a product, need a valuable service, which you can provide to the customer so that people pay you in return. But your product in return for your service will they pay so much compared to others? It depends on your sales and your marketing skills.

 

And these skills are important and are needed in every company, in every industry. If you can learn these skills then definitely you can earn a lot.

 

Robert Kiyosaki also says that in his interview when a girl is talking, he also explains to her that I’m not the best author, I’m not the best writing author, instead, I'm the best selling author I’m known to sell, due to which my many books are sold.

 
The Fifth Skill Is ‘Digital Marketing’

 

Digital Marketing

You know this is the highest-paying skill on the list. In the US the average yearly income of digital marketing is around $60,000. If we talk about India, if you are a good digital marketer then you would get an income of Rs 40,000 to Rs 50,000.

 

And the good thing is if you have good digital marketing skills, it is not necessary that you just serve only Indian clients. I know many people who choose clients from America and many other countries from which they get a lot of money. You can do these things also.

 

What Is Digital Marketing Basically?

Steve Jobs does marketing, but he is not doing this on the internet, at least on his own time. Now if you use the same principles of marketing on the internet by using internet tools and websites then you can say that you can also earn a lot of money by it.

 

You can sell things to people well by using the internet whereas earlier Steve Jobs could appear in front of thousands of people to show their product. Through digital marketing, you can come across your product to lakhs and crores of people and specifically to those who want your products and in which they are interested and this is the skill of digital marketing.

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