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9 Things to do in your 20s to become a millionaire by 30

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Becoming a millionaire by age 30 is possible — and you don’t have to found the next Facebook or Snapchat, or win a Powerball jackpot, to do so.

Plenty of regular people have done it.

To help you reach the seven-figure mark, we rounded up nine pieces of advice from those who became millionaires at a very young age. We can’t guarantee millionaire status, but doing these things won’t hurt your odds:

1. Focus on earning.

“In today’s economic environment you cannot save your way to millionaire status,” writes Grant Cardone, who went from broke and in debt at age 21 to self-made millionaire by age 30. “The first step is to focus on increasing your income in increments and repeating that.

“My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money, and it will force you to control revenue and see opportunities.”

Earning more money is often easier said than done, but most people have options. Read about 50 ways to bring in additional income, some high-paying jobs you can do on the side, how you can earn passive income, and how to start a side-hustle from a woman who earned up to $4,000 a month on the side.

2. Save to invest, don’t save to save.

“The only reason to save money is to invest it,” writes Cardone. “Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.”

Investing is not as complicated or daunting as we make it out to be. The simplest starting point is to contribute to your 401(k) if your employer offers one, and take full advantage of your company’s 401(k) match program — which is essentially free money — if it has one.

Next, consider contributing money towards a Roth IRA or traditional IRA, individual retirement accounts with different contribution limits and tax structures (which one you can use depends on your income). If you still have money left over, you can research low-cost index funds, which Warren Buffett recommends, and look into the online investment platforms known as “robo-advisers.”

The key to consistently setting aside money is to make it automatic. That way, you’ll never even see the money you’re contributing and you’ll learn to live without it.

3. Ask for help.

“At a certain point in my business, I couldn’t grow any further until I hired a few key people,” writes Daniel Ally, who became a millionaire in less than five years, at the age of 24. “Asking for help wasn’t my forte, but I had to make it happen. Within months I had a lawyer, editor, personal trainer, part-time chef, and other personnel. It cost me a fortune at first, but eventually helped push me into the million-dollar mark. Most people won’t ask for help because their ego is in the way.”
Asking for help extends beyond hiring key people. As self-made millionaire Steve Siebold explains in his book “How Rich People Think,” rich people aren’t afraid to fund their future from other people’s pockets. “World class believes in using other people’s money,” he writes. “Rich people know not being solvent enough to personally afford something is not relevant. The real question is, ‘Is this worth buying, investing in, or pursuing?’”

 

4. Be decisive.

“Avoid decision fatigue,” writes Tucker Hughes, who became a millionaire by age 22. “Attention is a finite daily resource and can be a bottleneck on productivity. No matter the mental stamina developed over time, there is always going to be a threshold where you break down and your remaining efforts for the day become suboptimal.

“Conserve your mental power by making easily reversible decisions as quickly as possible and aggressively planning recurring actions so you can execute simple tasks on autopilot. I know what I am wearing to work and eating for breakfast each day next week. Do you?”

Hughes isn’t the only one who believes in developing decisiveness. After studying over 500 millionaires, journalist and author Napoleon Hill found that they all shared this single quality. “Analysis of several hundred people who had accumulated fortunes well beyond the million dollar mark disclosed the fact that every one of them had the habit of reaching decisions promptly,” Hill wrote in his 1937 personal finance classic, “Think and Grow Rich.”

5. Don’t show off — show up!

“I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income,” writes Cardone. “I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy.”

Need inspiration to save more and spend less? Read up on tips and strategies from regular people who saved enough of their incomes to retire before age 40.

6. Know when to take the right risks — and act on them.

“Before reaching the seven-figure mark, you must take many risks,” writes Ally. “Taking risks requires much faith in yourself and others, but it must be done. Faith is knowing that what you want will eventually happen as long as you believe it. You’ll have to take major leaps in your life, sometimes not even knowing where it will lead. However, it will pay off once you get to the other side, even if you burn a bridge or two in the process.”

You can’t get rich with low expectations — the wealthiest, most successful people think big and play to win.

While playing to win in any aspect of life requires an element of risk taking and a level of comfort with uncertainty, it could be the difference between living an average life and living a rich life, says self-made millionaire T. Harv Eker, who also studied incredibly wealthy people before releasing his book “Secrets of the Millionaire Mind.”

7. Invest in yourself.

“The safest investment I’ve ever made is in my future,” writes Hughes. “Read at least 30 minutes a day, listen to relevant podcasts while driving and seek out mentors vigorously. You don’t just need to be a master in your field, you need to be a well-rounded genius capable of talking about any subject whether it is financial, political or sports related. Consume knowledge like air and put your pursuit of learning above all else.”

Many modern-day successful and wealthy people are voracious readers. Take Warren Buffett, for example, who estimates that 80% of his working day is dedicated to reading.

8. Master soft skills and cooperate with others.

Building a fortune takes people skills and charm just as much as it does strategy. As Hill warned, “Most people lose their positions and their big opportunities in life because of this fault than for all other reasons combined.” And billionaire Mark Cuban put it bluntly in an Entrepreneur article about the keys to being successful in business: “People hate dealing with people who are jerks. It’s always easier to be nice than to be a jerk. Don’t be a jerk.”

That being said, there is a fine line between cooperating with others and being a pushover. “In the process of reaching the seven-figure mark, I’ve learned dealing with people is the most important attribute,” writes Ally. “No one can become a millionaire without knowing how to deal with people assertively. You must be prepared when your best friends turn on you or your family betrays you. Sometimes, it will happen at the most unpredictable times.”

9. Shoot for $10 million, not $1 million.

“The single biggest financial mistake I’ve made was not thinking big enough,” writes Cardone. “I encourage you to go for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough.”

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Court Case: The Deafening Silence Of Black Sherif And His Investor

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What is the latest on Black Sherif’s court issue with his investor, Shadrach Agyei Owusu (Chavis)?

Well, Ghana Weekend has been following up on the matter. At least we need to get our audience updated on the issue since it is of great interest to many.

The case

On 11th April 2022, a writ of summons by the plaintiff, Shadrach Agyei Owusu, requesting that Ghanaian artiste Black Sherif be prevented from performing at events without his consent, was sighted by the media.

Shadrack requested an order for the preservation of all funds accrued from Black Sherif’s online streams.

Shadrach Agyei Owusu, the Chief Executive Officer of Waynes Chavis Consult, wanted a receiver to be taking the proceeds of all funds that would be accrued from the activities of the defendant.

This happened at a time when Black Sherif’s latest song ‘Kwaku The Traveller’ was topping global charts, making him the most sought-after artiste in Ghana in recent times.

Why was Black Sherif sued?

This suit came on the back of claims that Black Sherif had neglected his investor after he had injected funds into his career.

Black Sherif was reported to have signed a distribution deal with Empire Music without the consent of his investor, who purportedly had a business management contract with him.

The contract required that Black Sherif conducted all his activities through the investor who came on board to help the artiste.

Court day: May 9, 2022

This was the date set for the court hearing on the matter. So far, little information has been gathered about what became of that particular hearing.

While some of our sources say the case was not called at all, others say, it was deferred to a later date.

Ghana Weekend has tried scooping some information from both sides of the issue, but they are unwilling to really give details of the current situation of this suit.

Our interest

Ordinarily, this should be none of our business, but Ghana Weekend, as a media organisation, is interested in streamlining all facets of the entertainment industry. We saw this matter as a test case of many cracks in artiste-manager deals in the country. We are not on a mission of waking up sleeping dogs. We want precedence to be set for posterity.

Currently, Black Sherif is minding his music business, making money for himself, and growing his music career. Shadrack on the other hand is going about his work. They are both silent about the issue like nothing happened.

Maybe they have squashed their matter in private. Maybe Ghana Weekend is impatient with the outcome of the court hearing.

Maybe, our dear readers need to keep their eyes glued to our platforms as we nose out all details on this matter in our subsequent episodes.

We’ll be back!

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Media & Culture

Feli Nuna’s “Towel” Hits 100K Views On YouTube

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Feli Nuna, Off Da Ground signed artist, released a top-charting song on May 11, 2022.

Shawerz Ebiem produced the song “Towel,” and R.Dee shot and directed the video.

Since its release, the song has become a trending topic in Ghana, with over 100,000 views on the global video platform YouTube.

Watch below.

The video has since featured well-known celebrities such as Efya, Jackie is everywhere, Nadia, Shatta Michy, Christable Ekeh, and others.

Feli Nuna’s towel song is all about taking care of one’s self. Self-care is defined as an individual’s, family’s, or community’s ability to promote health, prevent disease, and maintain health by eating well and engaging in stress-relieving activities.

Feli Nuna, real name Felicia Nuna Akosua Tawiah, has performed on major stages throughout Ghana, including the Ghana Music Awards Nominees Concert, the 4styte Music Video Awards, Coke Studio Africa, the Yaws Fashion Show in Gambia, the Asia-Africa Youth Festival in China, and many more.

Follow Feli Nuna on these social handles below.

Facebook: Feli Nuna

Twitter: @FeliNuna

Instagram: @FeliNuna

Tiktok: @FeliNuna

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Media & Culture

Gospel Singer Mercy Chinwo Is Engaged

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Mercy Chinwo, Nigerian gospel singer, is engaged.

On Thursday, June 23, 2022, the music star announced the exciting news on her Instagram page.

“I am blessed to be blessed with @theofficialblessed ❤️ The thoughts of doing the next phase and the rest phase of my life with you makes the blessing more real💃 I love you Sweet❤️,” she wrote.

The music star’s soon-to-be husband, Blessed, also shared the big news via his Instagram page.

“I’M THE MAN THE LORD SHOWED MERCY! @mercychinwo thanks for saying YES! I LOVE YOU DEARLY !😍😍😍😍😍 Ecclesiastical 9:9 Live happily with the woman you love through all the meaningless days of life that God has given you under the sun. The wife God gives you is your REWARD for all your earthly toil. #Mercyisblessed,” he captioned their pre-wedding photos.

Blessed is a pastor at the WaterBrook Church and The Upperroom. He is also an IT professional.

Chinwo is a Nigerian gospel musician, singer and songwriter.

She won the Nigerian Idol Season 2 in 2012.

Chinwo released her first single, “Testimony“, in 2015, and “Igwe” a year later.

She has also had a stint in acting.

She landed her first film role in Yvonne Nelson’s film, House of Gold where she acted as Lucia, starring alongside Yvonne NelsonMajid Michel and Omawumi among others.

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