20 Strategies for Quickly Becoming a Millionaire [Make $1,000,000]

20 Strategies for Quickly Becoming a Millionaire [Make $1,000,000]

Would you like to become a millionaire without having to do anything at all? If so, check out these 20 proven strategies for making a million dollars online in less than a year from nothing. Everyone would undoubtedly say “yes” if you asked them if they would want to earn a million dollars legally in a single year.

However, the difficulty that may arise in this endeavor is that knowing the steps to take in order to earn a million US dollars in a year is a whole different ballgame than simply wanting to make that much money annually.

Can You Make a Million Dollars Fast from Nothing in 1 Year?

In actuality, unless you inherit a million US dollars from a family member, you are unlikely to make a million US dollars in a year if you are unable to take some measured risks. 

Even though some individuals manage to earn a minimum of one million US dollars annually from scratch, it is not a simple feat; one must possess the necessary skill sets and, in certain situations, technical training.

Not only will you start with a million US dollars, but you’ll also be able to reinvest the money to keep getting consistent returns on your investment. Here are 20 doable strategies that a budding investor or entrepreneur can use to earn a million dollars in the US in a single year;

How to Become a Millionaire Fast

#1. Currency Trading

Currency Trading

Forex trading is one of the simplest ways to start from scratch and make a million US dollars in a year, despite its high level of risk.

The truth is that, with careful and strategic trading, you can start trading with little capital and increase it to a million US dollars in less than a year if you can successfully learn how to trade forex, possibly from dummy trading platforms.

Thus, learning how to trade forex is one of your best options if you want to earn a million US dollars legally in a year.

#2. Putting Money Into the Oil Sector

Putting Money Into the Oil Sector

Another realistic way for a determined wannabe investor or entrepreneur to earn a million US dollars in a year is to invest in the oil industry. An investor hoping to make a million dollars in the oil business has a plethora of options to choose from.

To get the various investment options available to you based on your start-up capital, all you have to do is speak with business consultants in the oil industry. They will be happy to oblige, provided you are prepared to accept the associated risks and can afford to pay them their business fee and other expenses. For instance, selling crude oil is one of your options if you want to invest in the oil business.

#3. Launch a Business for Importing and Exporting

Another realistic way for an aspiring entrepreneur to earn a million US dollars legally in a year is to start an exporting and importing business.

There are loads of stuffs that you can start exporting from your country and of course there are loads of stuffs that you can as well import from other countries into your country. 

All you need to do is to conduct a thorough market survey and feasibility studies to know the goods that you can start exporting or importing that can yield the kind of returns that you want.

#4. Invest in Gold

Investing in gold is another viable avenue for an ambitious entrepreneur to earn a million US dollars in a year. Gold has proven to be a reliable investment over time because it rarely crashes in the market.

Gold has the potential to always increase in value, and if you are fortunate enough to invest in the metal at the right moment, when its market value suddenly soars, you could easily make a million US dollars in a year if you are wise enough to use the right amount of capital.

#5. Put Money Into Silver

Investing in silver is another sensible way, similar to gold, for an aspirant business owner to earn a million US dollars in a year.

This is true because silver occasionally experiences positive growths as well. If your calculations are correct, you should be able to profit from silver investments by making a million US dollars in a year. All you need to know is when and how much to invest.

#6. Take a stab at the lottery

As absurd as it may seem, playing the lotto is one of the realistic ways to start from scratch and earn a million dollars in a year.

The fact remains that, if you are fortunate enough, you may make more than a million dollars in a single year from playing the lotto, even though you may not be able to predict with certainty when you will win your first million dollars. In addition, a large number of people who won large sums of money playing the lottery have become millionaires over night.

#7. Put money into mutual funds

Investing in mutual funds is a feasible means of earning a million US dollars in a year without breaking the law. A mutual fund is a collection of funds created by different private investors who share the same objectives, passions, and investment philosophies. The funds are used exclusively for the purpose of investing in stocks, bonds, assets, other securities, and money market instruments.

On behalf of the investors, the fund is managed by a qualified fund manager. The benefit of mutual funds is that, like any other company that is listed on the stock exchange, investors have the option to choose to sell their shares directly to the public.

If you are fortunate enough to use mutual funds correctly, you could potentially make over a million dollars annually.

#8. Purchase Hedge Funds

Investing in hedge funds is another sensible approach to earn a million US dollars in a year without breaking the law. A hedge fund is a type of regulated investment fund that offers a broader range of trading and investment opportunities. It is usually accessible to a select group of investors who pay a performance fee to the fund’s investment manager, who makes investments and generates returns for the fund.

The simplest way to get richer as a hedge fund manager is to assist your clients in increasing their wealth. Since your ability to make money depends on how well you perform, the majority of hedge fund managers use a variety of investing techniques to provide their clients with strong returns. Put differently, a hedge fund’s performance fee is what makes it what it is.

#9. Invest in Property

Investing in real estate is one of your options if you’re looking for a practically easy way to make a million US dollars in a year. For instance, you could purchase a facility or landed property in January, sell it the same year, and profit handsomely—that is, with little to no hassle—by selling the same property or facility.

This is arguably one of the most reliable ways to earn $1 million USD in a year, particularly if the landed property or facility has a high value.

#10. Launch a Business for Diesel Supply

Starting a diesel supply business is another realistic way for an ambitious entrepreneur to earn a million US dollars legally in a year. The fact is that if you want to profit a million US dollars from the diesel supply, you have to be prepared to work hard and strategically.

This is because there are alternative sources of diesel, and since you are just getting started, you need to put in as much effort as possible to land a ton of contracts. You can definitely make a million US dollars in the next 12 months if you stick with this kind of business.

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#11. Launch a Brokerage Company for Real Estate

An additional realistic method for an aspirant entrepreneur to earn a million US dollars in a year is to launch a real estate brokerage business. When a real estate agency, also known as a brokerage firm, is successful in connecting a seller’s property with a buyer’s real estate need, a sale or rent/lease can be completed. This payment is known as a commission.

The commission earned is typically split with other real estate brokers or agents who contributed to making sure the property was either sold or rented out, depending on the situation. If you are fortunate enough to sell a property for more than $20 million, for instance, you will probably make at least $1 million from the deal or deals, assuming a 5% commission rate.

#12. Become a Contractor for the Government

Getting a government contract is another realistic way for an ambitious businessperson to start from scratch and make a million US dollars in a year.

You can count your first million US dollars in less than a year if, as a government contractor, you manage to land an enticing contract from your nation’s government. This is especially likely if the contract is one that you can begin and finish in a single year.

One benefit of government contracts is that you may be able to act as a middleman between the government and the company doing the work, earning your handsome sum of one million US dollars or more in less than a year, without having to contribute any funds of your own.

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#13. Invest in Futures Commodities Market

Another realistic way for an aspiring investor to earn a million US dollars in a year is to invest in the commodities futures market.

The commodity futures market has unmatched profit potential when you do your research and make wise investments, despite the fact that it is thought to be a complicated, unstable, and extremely volatile market due to the risks and uncertainties involved. Maybe you would like to know what “The Commodity Futures” are.

To put it simply, a commodity futures contract is an agreement to purchase a specific good at a predetermined price and then sell it at a predetermined price on a predetermined future date. By investing in the commodities futures market, you can effectively project to make a million US dollars in a year; it’s a guaranteed method of making a million US dollars in a year.

#15. Put Money Into Private Equity Funds

Investing in private equity funds is a practical approach that ensures aspirants can earn a million US dollars in a year without any prior experience. The main goal of private equity is to create a cash reserve that a business can utilize to either reposition itself to increase profits or to assist in the development of new product and technology lines.

It is still true that the return on investment is very encouraging, particularly when you make wise investments. In fact, a company’s fortunes can change significantly in less than a year, which can result in millions of dollars in profit.

#15. Put Money Into Natural Gas

Another extremely realistic way for a budding entrepreneur to lawfully make a million dollars in a year is to invest in natural gas. Numerous people all over the world have found great employment in the natural gas sector, and multi-millionaires will continue to emerge from this industry.

Even though investing in this sector requires a significant amount of capital, you would want to go to great lengths to build an investment portfolio in this sector given the returns on investment that the majority of industry participants receive.

#16. Launch a Vehicle Dealership

An additional realistic way for an aspiring entrepreneur to make a million US dollars in a year is to start a car dealership.

This is how it works: you can easily make a million US dollars from a car dealership business if you can set it up in a highly patronized area or if you can negotiate a deal to supply a company with cars, trucks, or buses.

Furthermore, you will probably earn at least a million US dollars if you regularly sell your cars, whether through an offline or online car dealership store, especially if you deal in luxury vehicles and other such vehicles.

#17. Launch a Venture Capital Company

Another realistic method for an ambitious entrepreneur to earn a million US dollars in a year is to launch a venture capital firm. Prior to entering this industry, you need to have gained a certain set of abilities and experiences if you want to launch a venture capital firm.

It is, in fact, a business best suited for experienced individuals who have dabbled in low-risk and modest investment opportunities rather than for beginners. In case you missed the news, starting a venture capital firm is like taking a risk. It is expected of you as a venture capitalist to fund entrepreneurs and their ideas with the money of investors.

#18. Become an Agent or Scout for Football

Becoming a football scout or agent is another realistic way for an ambitious entrepreneur to earn a million US dollars in a year.

Even so, it may take a lot of effort to find gifted football players and pitch them to elite European teams such as Real Madrid FC, FC Barcelona, Arsenal FC, PSG, Manchester United FC, Chelsea FC, and Bayern Munich FC, among others.

In actuality, you stand to gain at least a million US dollars from the deals if you are fortunate enough to have a few of your young football players signed by these teams.

#19. Take part in a reality show or talent hunt

Another realistic approach to earn a million US dollars legally in a year is to compete in talent hunts or reality shows. This is another way, similar to lotteries and sports betting, for someone to become a millionaire over night.

Playing the game show “Who Want to be a Millionaire,” for instance, gives you the opportunity to answer questions that could win you a million dollars. The same applies if you compete in a reality show or talent hunt where the winner will receive a million dollars in prize money. There’s a chance you could win the show and walk away with a million dollars.

#20. Start a Best-Selling Book

The publication of a best-selling book is another realistic way to earn $1 million US legally in a year. In actuality, a number of best-selling authors have made well over a million dollars in the United States from book sales in a single year.

So, if you are a talented writer and you are looking for practical ways to make a million US dollars in one year from the scratch, then one of your best options is to launch a bestselling book. It is important to clearly state that you would need a bit of luck to be able to sell at least a million copies of your book in one year.

Frequently Asked Questions

  1. How Can You Turn Yourself Into A Millionaire?

First and foremost, anyone can become a millionaire, regardless of income. Here are some actions to think about:

  • Make a Strategy

  • Set Spending Priorities

  • Invest, Earn More, and Safeguard Your Assets

  1. How Can You Become A Millionaire Overnight?

  • Have an objective and make goals.

  • Keep Going and Stay Focused

  • Become an Entrepreneur and Live a Less Lifestyle

  • Maintain An Online Identity

  • Employ Reputable Personnel

  1. How Much Do You Need To Invest To Become A Millionaire?

Assume for the moment that you want to become a millionaire in five years. Online millionaire calculators, which provide a range of results based on the same inputs, suggest that if you’re starting from zero, you should save between $13,000 and $15,500 per month and invest it carefully to generate an average annual return of 10%.

  1. What Other Routes Can You Take To Become A Millionaire?

Grow Your Knowledge and Career

Start a Side Business

Invest in Property

Make a Budget

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