Great video. After doing extensive research on this I've found the most common path/best route is to either get a good normal job or learn a skill that pays the bills, then after getting some work experience, learning skills, building expertise etc, start a business on the side. Once the business is making maybe a few thousand a month and you have some savings, quit your job and go full time.

@brandonliao408

3 жыл бұрын

Exactly how my father built his wealth. It doesn't have to be a spontaneous decision, rather the consistent hunger to improve.

@mackenziemitchell3029

3 жыл бұрын

Agreed 👍

@lapx1

3 жыл бұрын

I can tell you what not to become....don't become and Architect!😨

@texanboiii562

3 жыл бұрын

@@lapx1 haha why’s that?

@lapx1

3 жыл бұрын

@@texanboiii562 Not for the money ....there are better business models than architecture. If you love it fine. You better invest what you're able to keep or be rich already. 😁

Trying for high salary comes with working 60 hours a week. You have to oversee many people. I am not interested in this type of job. I want less work and stress free.

@blipblop92

3 жыл бұрын

We need more of you so our economy can grow

@nasseral-sabah1163

4 ай бұрын

Preach!!🙏🙏

@nasseral-sabah1163

4 ай бұрын

@@blipblop92 naah we leave the tedious work for u guys. 😂

This is the kind of info I wish I’d had in high school to better prepare for college. It’s a much more illustrative way of understanding industries & earning capacity. It’s shocking that a capitalist country doesn’t actually prepare its citizens for living under capitalism, but most likely that’s BY DESIGN.

@barackthecomposer6642

3 жыл бұрын

Yes. Its all by design. The highly informed class rules over the uninformed class. Those who KNOW profit from those who don’t KNOW.

@shotimemillionaire

3 жыл бұрын

And the really sad truth is if you can't run with the capitalism dogs, you're doomed!

@pat4005

3 жыл бұрын

@@shotimemillionaire No, the truth is, is that if you are lazy, you’re not getting ahead no matter what type of society you are in, Capitalist or not. If you are not in a Capitalist society, then it’s hopeless to get ahead because you are doomed from the start. You don’t even get a chance. All your earning mostly go to taxes, and it’s spread out to everyone who may or may not ever contribute anything to taxes or society in any way! At least in a capitalist society, you get out the effort you put in, plus then some. You can start with absolutely nothing, and make yourself a life and have a family and then give back to people in many ways. If capitalism was so bad, so awful and unfair to people, then why would people all over the world want to come here? People wait years to get here legally! People even risk their lives to get here. They know they have it in themselves, deep down inside, to make something of themselves and create a life that is not squashed by taxes (at least until this year, as we may expect to be squashed by taxes now), or limited by government and society rules.

Thx for telling us how other people make millions!! Lol

@lpa4058

3 жыл бұрын

Right?? Was she serious with this?

@rishabhrajan

3 жыл бұрын

She forgot to mention becoming president of a first world country. Guaranteed to become a millionaire. I think I’m gonna hop on my time machine and do just that!

@ntsakophoebemabunda961

2 жыл бұрын

@@rishabhrajan try be a 3rd world country president. Corruption makes them wealthy.

Start watching at 9:16 when she's actually giving you her advice

To make a million dollars a year at one of those traditional routes is almost as competitive and luck bases as becoming a pro athlete, CEO or entertainer.

Great video, Erica! 👍👍 Starting your own business(es) and investing in real estate are the best options for average people. Those high paying jobs are hard to come by, require a lot of schooling, and provide no tax advantages (unlike businesses and real estate). And like you said, you can get fired any time. P.S. - your video editing and B-roll is top notch! Are you editing your videos yourself or do you outsource it?

Hey Erika!You've been quite in help as I begin my channel's journey in Real estate wealth and Passive income. I noticed your videos are getting better and better! Much success to you!

Yeah just let me get that law degree from Harvard and join you in a year. 😂

@rapfarsibaza

2 жыл бұрын

😂

You have to open your mind to make a huge income.

@awetkb709

2 жыл бұрын

Like what ?

Great to hear and learn from your experiences. Thank you for these on point videos. Love the million dollar visual! Thank you for bringing this message to your followers. Have a great week.

This is a well-articulated video! Another idea is entrepreneurship, which is extremely underrated. If you find a business opportunity within your company, you can pitch that to the company. That way, you get stocks/options AND the comfort of your salary. It's a win-win, and that's kinda what Steve Jobs v2.0 did after Apple rehired him.

Great breakdown of the various career paths and their respective salaries!

I personally believe in the "Win the Lottery" method. That way gets you well over a million and it's all upfront! It hasn't worked for me yet, but when it does... oooh baby!

@GregActonCPA

3 жыл бұрын

Commenting and hoping for an update on this strategy haha.

@louka3891

3 жыл бұрын

Amen!

@Sinflair

3 жыл бұрын

bruh thats kinda sad.

@mirabella2154

3 жыл бұрын

Forget that. Won't happen.

@christyann7477

3 жыл бұрын

Listen to “Win the lottery subliminally.” Believe it feel it manifest let go

Being a millionaire and earning $1M/yr are two totally different things. One may earn $1M/yr and never have a 1M net worth if they spend everything. One the other hand, it is very possible to become a millionaire in net worth, while earning much less than 1M/yr. Even earning $1M/yr, one cannot become a net worth millionaire in one year after paying taxes and living expenses.

@StephanieTips

2 жыл бұрын

well said!!

Retired with a 7 figure portfolio and Receiving about $43k in dividends. I have been in the Stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy with my FA actually calms me down. Eye on the prize, stay the course!

@serenewhopperman2924

2 жыл бұрын

total noob here, your FA if you don't mind can you link me ?

@chrisanthony3560

2 жыл бұрын

Growing affluence such a lovely thing to see

@clairefrewman1456

2 жыл бұрын

she goes by Rita Wildrin Mora, you can search her up to connect with her

@reggieshark

2 жыл бұрын

Dividends 💪

@jadesmith7983

2 жыл бұрын

Nice!

Thank you for the info! I really appreciate it! I hope all is well!

This video is like something shown in middle school "careers" class. Im going to be a movie star when I grow up!

Hi Erika, can you provide links to those sources that you showed in this video, super helpful to do research.

Erika you Rock!!! Thank you for what you do. 🙏🏽🙏🏽🙏🏽 Keep going you are a huge help.

@Erika2

3 жыл бұрын

I really appreciate this!!

Really appreciated this, straight forward and clear on how to make $1M salary, this is helpful for those graduating high school especially! It's also great to have the specific examples of traditional and non-traditional. Lastly, I'm a stats person and loved the facts in the beginning.

Thank you Erika I appreciate your time Wanted to watch this again 😀 Blessings 👏

Erika means well but most of her ideas are a little better than buying a lotto ticket or require a lot of luck and/or talent and/or money and/or time/education. Examples she gave: Partner at Law Firm, doctor with own successful practice, Managing Director and Hedge Fund Manager, professional athlete...

Found your channel through Kelly Stamps. I love the breakdown based on careers. Wow that's how much Tesla/ Elon made!

@thevaldorsfoodies1676

2 жыл бұрын

The same thanks to Kelly stamps.

@thevaldorsfoodies1676

2 жыл бұрын

The same thanks to Kelly stamps.

Also, one point with a business is you can write off a lot of taxes :) But being an employee means you have to pay those taxes.

@taoist32

3 жыл бұрын

Depends on the business as well as who you hire to do your taxes.

It takes longer than a year to make a million, and depends on circumstances as well.

@josephj6521

3 жыл бұрын

Very true. I didn’t find this video very helpful. These examples were obvious.

@TheTugboatgirl

2 жыл бұрын

@@josephj6521 and unreachable for some of us.

The underlying message: you gotta hustle. 😂

Thank y'all so much dearest 🌹 Y'all such an inspiration 🥰 Appreciate y'all from the bottom of my heart 💖 Be Blissful Eternally 🙏👼🌈

Glad you shared the tax aspect at the end.

"Thank you" for sharing your story. There are many paths you can take to $1M or whatever goal you seek. Whether college to corporate, professional, or entrepreneurial, the key is believing in yourself, persistence, & being able to adjust. Have a plan & execute. Defer gratification & learn from mistakes--others & yours. Certain Erika will reach $2M easily.

How did you get the money on the table and what did you do with it after filming the video?

Great video! Thank you Erika.

Thank you! This is a great video, and it's the absolute truth! I'm a living testimony that this works!!!💯

i watching this, just because of your smile

@jennaharmonn

3 жыл бұрын

That’s so sweet, but I agree she has a beauty smile !

@Naturefan354

3 жыл бұрын

OMG she has the most perfect teeth 😁 I'm obsessed with her teeth!

@MrHenrymorle

3 жыл бұрын

oKAY simp haha gottem

@Jsuarez6

3 жыл бұрын

She has a million dollar smile.

I’d say Invest in stocks with high Dividend yields to get passive income. Buy stock low and sell it high, once you flip money you spread it around to other high dividend yields, i always recommend buying Apple. People also do day trading but thats more risky

Thank you, great video 👍

You earned a sub❤️ such quality content👍 this is what we want, the future CEOs. 😎

@Erika2

3 жыл бұрын

Thank you!

Thanks for your impacting us Erika.

That was very informative thank you very much, i just wanted my own residence and passive income.... a roof and food and some spending cash that to me is a million dollar lifestyle.

I love your videos! I am currently an Accounting degree student and I have 2.25 semesters left. I want to drop out like almost every day. I want to take a different path. I'm just going to tough it out because I'm so close, but I want to start a business.

@ChrissyZayas

3 жыл бұрын

@Hontree Thank you so much for your encouraging words! School and work is taking up most of my time (excuses). I really do want to start a business, I am trying to figure it all out as I go.

@MrsLeeWey23

2 жыл бұрын

I would finish that degree since you’re done. But you can start while you’re in school. I did smaller scale business ventures while in undergrad and graduate school.

Great content. Thanks for sharing your thoughts

The shade you threw at long division 🤣 love your videos!

The way u stacked that million bothered me lol

That was fun, thank you Erika!

Hi Erika, I'm a small business owner in Toronto and just wanted to say, love your channel !! :) thank you

This was a great and very detailed video. Entrepreneurship for me :)

@F_And

3 жыл бұрын

Dude, why do you have an OnlyFans?

@Khimera66

3 жыл бұрын

Let the man work.

Thanks a lot Erika!

Awesome research. Thanks,

I would love to hear from you about Cryptocurrency. You are really great in simplify explanation.

Great video..I love it. Possibilities are endless.

great video, gave examples and obviously required some research.

Please make another video about your income streams

You are such a beautiful person inside and out...Thank you for all you do!

Thank you.

Can you do a video series on taxes for each business type in America? :) Individual proprieter, LLC, Partnerships, S-Corp, Corporation, etc

@Erika2

3 жыл бұрын

That's a great idea!! I'm writing it down! :)

@TheUnicornQueenT

3 жыл бұрын

@@Erika2 looking forward to that video. Thanks

Just here subscribing and turning on notification 😇

Thank you

Enjoyed the video, but nearly none will achieve a million in income in a single year... and most won't save that much in their lives. I know you get it... Wish most would just learn a bit of self discipline and patience so the wealth building process can work. For most, getting their 1st million (in net worth) takes time and A LOT of hard work and sacrifice... period. I was able to check that box without any athletic scholarships or MD suffixes. A million is earned one $ at a time. All that said, your video was very transparent on that. Long before people are millionaires, they become $500k-aires and prior $100K-aires. Which are actually more meaningful goals to the individual's financial well being. All the best.

Great Video, you will be doing great!

You should make a table out of the money by spreading it out evenly and putting a sheet of glass over.

Being satisfied with what you already have is more important than getting more of what you want 😀

Happy belated birthday Erika this was brilliant

Awesome vid, Erika!

Everyone in California that owns a house is a millionaire. Hell, thinking about it.. My mother is a millionaire based on asset value. Could be worth $2 million if I include her retirement value.

@n_x1891

3 жыл бұрын

Most people don't own them yet though; they still pay their mortgage.

this video is beyond phenomenal for me and I am grateful I found this...

what are you buying in your roth?

This is awesome I believe in this present economy there is more than multiple choice of investment to place funds and create a steady income.

@zeddigk620

3 жыл бұрын

What kind of investment can you suggest ?

Great video

Shoot. Just stumbled on your channel. Now I'm a subscribed fan, Hustler.

Atleast in the US one of the more common ways these days is a FAANG jobs. 400-700k annual at mid career. Don’t get why Japan pays engineers so little.

@VoltairBear

3 жыл бұрын

This. I personally know a few people at FAANG jobs just in Talent Acquisition that are making 200-500K/yr. Talent Acquisition normally doesn't pay well, but even something like that can if you can get to the right opportunities.

Wow, those lawyer wages are ridiculous, my close friend sent her daughter to dental school in Michigan after university and she was offered way more than your lawyer wages before even finishing school to go work for two different dental companies in either California or Houston Texas. I think the starting wages were in the $400k range and going up quickly from there. also not working 18 hours per day and no bosses that think they OWN YOU! She is now in Houston for the past year working there since graduating.

Definitely think the entrepreneurial route is the most rewarding!

Thanks Very Useful Information

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@andrewmorales5485

3 жыл бұрын

I have a question what types of online business is cheaper and easier to build up to make money

@cpsk8tergirl

Жыл бұрын

YOU SHOULD CHECK INTO IUL"S I CAN TEACH YOU ABOUT THEM AND SAVE ON TAXES

Ha. I am forced to figure out how to move out of chicago now. My brother decided it was nice for us to move to this horrible place. Now im the one suffering the consequence.

Intelligence is very attractive. Intelligence + sincerity is drop dead gorgeous.

Working my way through your videos. I can see how you are passionate about doing them and it's a real help to us so mutually beneficial. Awesome stuff thank you again! 💪

@Erika2

3 жыл бұрын

I appreciate that!

What’s disgusting in duh’murrica is that our of the 50 states 49 of the highest paying state salaries are the head football coaches. When people ask why universities are so insanely expensive they never ever think it’s their beloved sports and sports scholarships that your tuition is paying for! Then people wonder why America is so screwed up when it obviously has its priorities backwards where sports are the most important thing in the world but paying teachers is dead last. You reap what you sow...

@pat4005

3 жыл бұрын

Paying teachers more isn't going to improve students education or outcome. Parents or guardians have to step up to the plate and actually be there for their kids and investigate what their kids are actually learning in their classes. Now, kid's learning is full of indoctrination of socialism and communism, and hatred for our country. Let alone pushing kids to be exposed to sexual things and making choices about that stuff even in grade school! Many school districts don't even have kids do any homework. So the kid's heads are stuffed full of useless and even harmful things, and not the important things they need to become a useful member of society. Subjects like math, English and the sciences. How to code! (And how to do a budget, save money and balance a checkbook, would be very useful. Teach them about how to start and run a simple business, what are taxes and investments.) The current administration is dumping over 1.65 BILLION into education and higher education, and kids are mostly still at home, not learning anythinmg of value if they are learning anything, and getting emotionally messed up all at the same time! Instead they push division, and being a victim and not how to grow into becoming a responsible adult.

Niceeee!!!! Great content

Excellent video, but you see trading cryptocurency required more than just a primary knowledge to trade with an crypocurency, it is trade with an except to avoid unnecessary losses.

You have recorded & Posted Another excellent👌video Erika👌😁many thumbs👍👍👍👍👍👍👍👍👍👍 up to you😁

@genedanielsjr192

3 жыл бұрын

😁😉👍💛❤️

@genedanielsjr192

3 жыл бұрын

@Erika Kullberg You're welcome Erika☺️😉

Your so cute and smart......first girl I have in my investments channels....I enjoy and learn from your videos....... P.s. your very wholesome

Her favorite series is “BETTER CALL SAUL GOODMAN” ⚖️

Whatever you do to earn big bucks, there is always sacrifice, if you think the job in a big law firm is not worth it, then pretty much the same everywhere else.

I became a healthcare administrator. Unfortunately we pay our primary care docs much less than out specialists. But you are still going to need a masters degree.

What is the point of waiting until retirement to enjoy all the money? We will enjoy it for max 10 years and die at 70. So be smart, multiply money, retire early and enjoy money while still multiplying it.

Hello Erika have you read the The Millionaire Fastlane? I would be curious on your thoughts on that that. Perhaps it would make a good video. Here is a little hint... according to the book most Millionaire's are made by two magic words: liquidation event.

College/Universities = Bad debt.

Wow awesome video 😎👍

Hello! I would love to watch this video but unfortunately since I am deaf I can’t understand because the subtitles Is Vietnamese... please can you change it to English so I can understand thank you 😊❤️

@davinamayor7776

3 жыл бұрын

Sorry but I didn’t see the subtitles change to English language...... it’s still is Vietnamese which mean I can’t watch your video at all 😓

I can't stop staring at all those dollar bills. It's a great video prop.

@Erika2

3 жыл бұрын

So glad to hear!

Please post the video how you are earning money online.🌟

9:33 I can't quite make it, did she say "Laundromat"?

soooooo...in summary. with school/working your way up its more like a decade from today.

There is a massive difference between being educated and smart. All the education in the world will not help unless you have the drive and a solid work ethic. Plus being cheap doesn't hurt either.

Erika interested in you making a video of your streams of income.

love the shine

Erika, for you what's the meaning of life?

Answer: $GME that fool

Wow it looks small