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How This Millennial Became a Millionaire in Five years




How To Make Money online in Ghana as a student 2020

It is the desire of every person to make money and live their dream life. Most people spend most part of their lives searching for the best way to make money.

If you are in this group of people seeking the right way to make money and live your dream life, this article by  Grant will give you some tips.

After graduating from the University of Chicago, Grant of Millennial Money found himself unemployed, living at home with his parents, and with a bank account balance of $2.26.

“That was a huge wake-up call for me,” the now 31-year-old, who goes by his first name exclusively, tells CNBC. “I remember thinking, ‘I never want to feel like this again in my life.’ I took a screenshot of my bank account as motivation and made it my personal goal to have $1 million in assets in five years.”

He landed a digital marketing job that paid $50,000 a year, but “quickly realized this just wasn’t going to be enough money. I wasn’t going to be able to get ahead making this and saving 5% to 10% of my income.”

Grant’s solution was to start a side hustle building websites. “The first website I built was a $300 one for a law firm,” he tells CNBC. “That law firm ended up recommending me to another law firm, and in six months, I went from charging $300 per engagement to $5,000.”

Within a year, he sold his first $100,000 project and decided to quit his full-time job to focus on growing his consulting business. Five years after taking the screenshot of his $2.26 balance, Grant hit seven-figures.

“I can’t guarantee that you will have the same results, but if you follow even just a few of these steps, you are likely going to be much better off financially than you are today,” he writes.

1. Get paid what you’re worth

“The number one thing that will dictate your future earning potential and get you to $1 million the fastest is how much money you are being paid today,” Grant writes. “Unfortunately, you probably aren’t being paid what you are worth.”

The simplest way to boost your earning potential is to ask for a raise. Grant recommends looking at the salary range for someone with your level of experience in your industry, which will help you understand what you’re worth.

2. Save a ton of money … and put it to work

“In order to build wealth you need to be making as much money as possible on your money,” Grant writes. “Because you can only make so much money at any career, investing is truly the key to wealth.”

During his five-year journey to seven figures, Grant saved 50% of his income. Today, despite his financial success, he still focuses on living simply and sets aside 40% to 50%.

The key, Grant says, is to make things automatic: “Talk to your HR company and have them start depositing at least 20% of your income directly into an investment account before you even see it. This is 20% of your income AFTER contributing to your 401(k). I have mine automatically deposited directly into my Vanguard investment account and the money then gets automatically invested into a mixture of index funds.”

3. Develop multiple streams of income

After you’ve maximized your earning potential and are saving a good chunk of your salary, focus on increasing your revenue streams, by finding a part-time job, starting a side hustle or establishing passive income.

“If your goal to build wealth you need to master the side hustle and make money other ways than just your full-time job,” Grant writes. “This can really be anything, including driving for Uber, consulting, or building websites on the side.”

Once you start making money from your side gig, invest 100% of the profits, says Grant: “Once you find a great side gig, you will be tempted to spend that money in your everyday life as your bank account grows — but I strongly recommend you think of your side hustle as a key to building wealth (over the long term) instead of just being rich today.”

4. Invest in what you know

While Grant is a big believer in simple index fund investing, he allocates 20% of his investment capital towards individual companies like Apple, Amazon and Google.

If you’re going to invest in individual companies, go with what’s familiar, he says: “Look at the products you use and consume every day; then research the fundamentals of those companies so you can learn more about their investment potential.”

It’s a strategy that investing legend Warren Buffett lives by. The billionaire only invests in companies that are within his “circle of competence,” a concept he first described in his 1996 Shareholder Letter.

5. Monitor your net worth

“I look at my net worth every day when I wake up in the morning and have my morning coffee,” Grant writes. “There are few greater motivations than seeing this number rise over time. No matter where you start from. I have been tracking my net worth for the past five years and my first balance was $2.26.”

He monitors his net worth using, which allows you to link all of your financial accounts and displays your assets and liabilities. (Personal Capital does something similar.) Plus, it tracks your spending. “At the end of the each year I take a deeper dive into this data and track what I have spent the past year on everything so I can work to improve my spending,” he writes.

If bad habits are holding you back, don’t fret. Even the Millennial Millionaire is human: “In 2012 I discovered that I had spent over $3,000 on Mexican take-out food in one year, which is insane and taught me a lesson,” Grant writes.


Social and Lifestyle

Roman Abramovich, House, Cars, Children





Roman Abramovich

Roman Abramovich best known in the public domain as the owner of Chelsea, however, the Israeli- Rusian is more than that. He is a successful businessman and a politician. Roman is also a philanthropist. He has given more than any living Russian towards the building of hospitals, schools and other infrastructure.


Abramovich is the main owner of the private investment company Millhouse LLC and owner of Chelsea Football Club, an English Premier League football team.

Millhouse Capital’s shareholders sold their 26 percent holding in OAO Aeroflot in 2003 and a 50 percent stake in OAO Russian Aluminum , now the world’s largest aluminum producer, in two deals spanning 2003 and 2004. 

Abramovich invested and led a $30 million round of funding with businessman OD Kobo Chairman of PIR Equities.

 Other partners include several well-known people from the music industry, among them David Guetta, Nicki Minaj, Tiësto, Avicii,, Benny Andersson, Dave Holmes manager of Coldplay and others.

Abramovich has invested in other startups in various fields. Among them is BrainQ, an Israeli startup which develops artificial intelligence-powered technologies to treat neurological disorders, such as stroke, spinal cord injury and traumatic brain injury.

Also StoreDot, founded by Doron Myersdorf, where Abramovich has invested over $30 million

Roman Abramovich House

Roman Abramovich House

Roman owns a mansion which cost about $300 million. Part of Abramovich’s wealth includes a Code d’Azur mansion which was lived in by King Edward, who abdicated the British throne in 1936.

There’s the massive mansion at Kensington Palace Gardens — dubbed ‘billionaires’ row’ — and the three-storey penthouse he’s taken at exclusive tower block Chelsea Waterfront.

Not to mention his properties across the rest of the world including a bond style ski lodge and ranch in the US, his Caribbean retreat and a Chateau in the south of France.

Abramovich bought the cream 15-bedroom mansion on ‘billionaires’ row’ for £90m in 2009.

Kensington Palace Gardens is one of the most desirable addresses in the world, with business magnates such as Laksmi Mittal and Wang Jianlin living on the road.

It sits behind Kensington Palace, the home of the Duke and Duchess of Cambridge, in a road protected by armed police, retractable bollards and CCTV.

As property prices in central London have ballooned, the pad is now worth at least £125m, according to local estate agents – and very soon it’ll be worth even more.

That’s because plans were approved in 2016 for the oligarch to increase the size of the Grade II listed building from 16,000sq/ft to 20,000sq/ft.

The building was formerly the Russian embassy but is now fit for a king.

The main renovation work is to replace a swimming pool described as “miserable” by architects designing the upgrades.

The current underground swimming pool will be filled in and replaced with staff accommodation, while the new indoor pool will be at ground level and be lit by skylights.

The dining room and the playroom on the lower ground floor will be made bigger, while there will also be a widening of the outside terrace.

Roman Abramovich Yacht

It cost just shy of £300million when he ordered it in 2010 – and at the time it was the biggest private yacht in the world.

But by the time the Russian billionaire finally got the keys, the luxury extras and security measures had trebled costs to close to £1billion.

It is probably the most extravagant boy’s toy ever imagined, with upgrades and maintenance taking the cost to somewhere close to £400million.

Built by renowned German shipbuilder Blohm & Voss in the Hamburg shipyards that built the Bismarck, Eclipse was launched after five years of design, development and testing.

For starters it is 533ft long – more than twice the size of the pitch at Stamford Bridge.

The fuel tanks are said to be able to hold a million litres, meaning it can travel 6,000 miles before it needs topping up.

Eclipse boasts nine decks, the top one containing two helipads and a garage.

The forward helideck opens out to allow for a Eurocopter EC155 to be stored in a hangar underneath.
The eighth deck features a swimming pool and a sundeck, with a pull-out barbecue and pizza oven and a built-in wood burning fire pit.

The main saloon boasts a fireplace and a massive driftwood sculpture from Bali in Indonesia.

Read Sheikh Mansour net worth

There is another pool on the seventh deck with an adjustable depth feature that sees the floor rise and fall, so that it can be converted into a dance floor.


Pagani Zonda R, £2.5million

The jewel in the crown, only 15 of these beauties have ever been made.

It is not road legal and can only be driven around the track, with Abramovich’s Zonda on show at a private track day in Germany’s famous Nurburgring in 2016.

Porsche 911 GT1 Evo, £1.7m

Another track only car, the GT1 is a classic race car from the mid-1990s.

Capable of 205mph, one recently sold at auction for £2.3m.

Ferrari FXX, £1.6m

Roman loves cars that are made for the track.

The FXX was built in 2005 as a special prototype, with only 30 made.

The gorgeous-looking car later went into street-legal production, becoming the Ferrari Enzo.

Bugatti Veyron, £1.5m

The car that every serious collector has to own.

The German-French built hypercar held the record for the fastest street-legal car ever built.

Read Highest Paid Footballers in the world

Capable of an eye-watering 267mph.

Aston Martin Vulcan, £1.2m

The limited edition, track-only Aston Martin was launched in 2015 – with only 24 made around the world.

The carbon-fibre racer does 0-60mph in 2.9secs and a top speed 224mph.

At a cost of around £1.2m when it was launched (it’ll be worth more now), owners aren’t even allowed to drive it without permission form the supercar manufacturer.

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Social and Lifestyle

Who is the Founder of Wikipedia?





Who is the Founder of Wikipedia?

Wikipedia provides vast information of all sorts to millions of internet users on daily basis. Have you ever wondered how it came into existence or per harps the person(s) behind the web’s largest source of information to the public? Well keep reading as we unveil to you the founder of wikipedia and more.

 Wikipedia a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation.

According to the history of wikipedia, It began with its first edit on 15 January 2001, two days after the domain was registered by Jimmy Wales and Larry Sanger.

As of 2020, Wikipedia receives a monthly readership of 1.5 billion

Who is the Founder of Wikipedia?

About Jimmy Wales

Jimmy Donal Wales  is an American-British Internet entrepreneur. He is also a co-founder of the online non-profit encyclopedia Wikipedia, and the for-profit web hosting company Wikia later renamed Fandom

Founder of Wikipedia

Wales was born in Huntsville, Alabama, where he attended Randolph School, a university-preparatory school.

 He earned bachelor’s and master’s degrees in finance from Auburn University and the University of Alabama respectively.

 In graduate school, Wales taught at two universities; however, he departed before completing a PhD to take a job in finance and later worked as the research director of a Chicago futures and options firm.

In 1996, he and two partners founded Bomis, a web portal featuring entertainment and adult content. Bomis provided the initial funding for the free peer-reviewed encyclopedia, Nupedia (2000–2003), and its successor, Wikipedia. On January 15, 2001, with Larry Sanger and others, Wales launched Wikipediaa free, open-content encyclopedia that enjoyed rapid growth and popularity. As Wikipedia’s public profile grew, he became its promoter and spokesman. Though he is historically credited as co-founder, he has disputed this, declaring himself the sole founder.

Wales serves on the Wikimedia Foundation Board of Trustees, the charity that he helped establish to operate Wikipedia, holding its board-appointed “community founder” seat. For his role in creating Wikipedia, which has become the world’s largest encyclopedia, Time named him one of “The 100 Most Influential People in the World” in 2006.

About Larry Sanger


Lawrence Mark Sanger  is an American internet project developer and co-founder of the internet encyclopedia Wikipedia, for which he coined the name and wrote much of its original governing policy. Sanger has worked on other online educational websites such as Nupedia, Citizendium, and Everipedia.

While studying at college, Sanger developed an interest in using the internet for educational purposes and joined the online encyclopedia Nupedia as editor-in-chief in 2000. Disappointed with the slow progress of Nupedia, Sanger proposed using a wiki to solicit and receive articles to put through Nupedia’s peer-review process; this change led to the development and launch of Wikipedia in 2001. Sanger served as Wikipedia’s community leader in Wikipedia’s early stages but became increasingly disillusioned with the project and left it in 2002.

Since Sanger’s departure from Wikipedia, he has been critical of the project, describing it in 2007 as being “broken beyond repair”.

He has argued that despite its merits, Wikipedia lacks credibility due to a lack of respect for expertise and authority. He founded Citizendium in 2006 to compete with Wikipedia. Sanger’s status as a co-founder of Wikipedia has been questioned by fellow co-founder Jimmy Wales but is generally accepted.

Besides the Internet, Sanger’s interests have been focused mainly on philosophy—in particular epistemology, early modern philosophy, and ethics. He taught philosophy at his alma mater Ohio State University.

The idea of using a wiki came when Sanger met up with his friend Ben Kovitz on January 2, 2001,  when Sanger was first introduced to wiki software.

 Kovitz, whom Sanger had known from philosophy mailing lists, was a computer programmer who had come across Ward Cunningham’s Wiki.

Sanger was impressed with the possibilities offered by wikis and called Wales, who agreed to try it. Sanger originated the name “Wikipedia”, which he later said was “a silly name for what was at first a very silly project”.

Within a few days of its launch, Wikipedia had outgrown Nupedia and a small community of editors had gathered. Sanger served as Wikipedia’s “chief organizer”, running the project and formulating much of the original policy, including “Ignore all rules”, “Neutral point of view”, “No original research”, and “Verifiability”. He embraced Wikipedia’s encouragement of boldness among its editors, telling users to “not worry about messing up”. He also created the concept of “Brilliant prose”, which evolved into featured articles as a way to showcase Wikipedia’s highest-quality articles

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Social and Lifestyle

Tesla gets a spot on the S&P 500






Tesla will be added to the S&P 500, a milestone that will expand its investor base and put the electric automaker in the same company as heavyweights like Apple, Berkshire Hathaway and Microsoft.

The announcement, made Monday afternoon by the S&P Dow Jones Indices, sent shares 13.7% higher in after-market trading. Tesla will officially join the benchmark index prior to trading December 21, the S&P Dow Jones Indices said in a statement.

When Tesla joins the S&P 500, it will be among the most valuable companies on the benchmark. Its weighting will be so influential that the S&P DJI is mulling whether to add the stock at the full float-adjusted market capitalization weight all at once or in two tranches.

“Tesla will be one of the largest weight additions to the S&P 500 in the last decade, and consequently will generate one of the largest funding trades in S&P 500 history,” S&P DJI said in a statement. “However, Tesla itself is very liquid, and adding the stock at the upcoming December quarterly rebalancing coincides with the expiration of stock options, stock futures, stock-index options, and stock-index futures, which may help facilitate the funding trade.”

Joining the S&P 500 has its benefits, as investors that have index-tracked funds will be forced to buy shares. With share prices already popping, that will mean investors will have to sell other stocks to make room for Tesla. Existing investors may, in turn, want to take advantage of that demand and sell. The upshot: The traditionally volatile stock might get a bit more volatile.

The inclusion on the benchmark follows Tesla’s decision in August to split its shares 5 for 1.

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