Dumbest Way People Became Millionaires

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We all have this idea that you should be smart and work hard to become a millionaire. At the end of the day, lazy people achieve nothing. Fortunately, in the age of capitalism, the rules of the game are quite different and you can get super rich even if you have the dumbest idea possible. Take an example of Alex Tew who figured out a very creative way to pay back his student debt. At first glance, it seems like this idea is so freaking dumb that it would never work in a million years. Alex realized, making a million dollar isn’t as difficult as it seems, all he needed to do is to sell 1 dollar product to a million people out of 7 billion that are walking on the face of the hearth. He created a simple website that consisted of a single page with one million pixels and decided to sell each pixel for a single dollar. You get the plan. Buyers could place their images, logos or ads with an option to add a link to their website. logoes But you can't do anything with 1 pixel, he started selling them 10 X 10, with a minimum price of a hundred bucks. His first customers were his friends and family since he was raising money to pay back his student loan. I mean, wouldn't you help your friend! T Because you have student debt as well. But after the site made over a thousand dollars, it got the attention of the press who started writing about it and now everyone wanted a piece of the pie. So within the next month, the website earned over 250 dollars. The battle for the last 1000 pixels was so fierce that they were auctioned on eBay and eventually sold for over 38,100 dollars. The million dollar Home Page made over a 1,037,100 in 5 months, helping Alex, not only pay back his student debt but make him a millionaire. what would you say to someone who plans to become a millionaire by winning a lottery! Idiot! right? because your chances to win a lottery is 1 in 45 million. T but that’s exactly what Joan Ginther did. She won the lottery in 1993 and earned over 5.4 million dollars. and since she has a Stanford Ph.D. in statistics, she did the math and came up with a way to win the lottery again. It sounds like a joke if it was possible to mathematically win the lottery, everyone would do it, T but it seems like she is the only who could since she managed to win the lottery for another 3 times. Her next win came after 13 years in 2006 when she won 2 million dollars. Of course, it's not as big as her first win, LESS SIGN so 2 years later she decided she needs to match her first prize and won another 3 million dollars making her total winnings, 10.4 million dollars. T that seems like enough money to retire, however not for Joan, she decided she needs another 10 million dollars to never worry about her bills again. In 2010, she won another 10 million dollars and it seems like she has retired since we haven't heard about her again. Before we move to our next hero let me just say that I am not encoring anyone in any way to spend his or her savings on lottery tickets, what Juan Ginther did is truly unique and unbelievable. P however, what you can do is buy a domain for pennies and sell it for millions later on. I am not sure if that’s going to work now but That's exactly what Chris Clark did. When he realized that vodka.com was sold for 3 million dollars, he figured out what to do with the domain he has purchased back in 1994 for just 20 backs. What was another source of a liability since he was paying the annual fee to keep the domain, turned Chris into a multi-millionaire overnight! He put the domain up for an auction and sold it for 2.6 million dollars. the number of people who got super rich out of ridiculously dumb ideas is way longer than this video could possibly cover, but you get the picture. if you come across an idea that looks it would never work because it's simply dumb, it might worth giving it a shot. ANd while you are thinking how to win the lottery this year, how about you give this video a thumbs up and hit that subscribe button, of course, you also can take the extra mile and click on that bell button. Anyways, thanks for watching and until next time.
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Channel: Proactive Thinker
Views: 519,674
Rating: 4.8776565 out of 5
Keywords: proactive, thinker, how to become rich, become billionaire, how to get rich, warren buffett, dotcom bubble, millionaire, people who got rich quick, the infographics show, how to get rich fast
Id: jip7kKdC3Qs
Channel Id: undefined
Length: 5min 15sec (315 seconds)
Published: Wed Jul 17 2019
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