How Long Does It Take To Become A Millionaire
HOW LONG DOES IT TAKE TO BECOME A MILLIONAIRE?
Becoming a millionaire is a dream for many people, but the path to accomplishing that dream is not always clear.
While there may not be an exact time frame formula to become a millionaire, there are certain steps that can be taken.
In my opinion, it takes 10,000 hours of mastering a skill and 1-2 years of executing that skill to become an expert.
Once you have mastered your skill, you need to get 4-5 star results for 1,000 people that paid for that mastered skill in the form of a product or service. This will prove to others that your skill is valuable and can truly solve problems.
Once you have achieved this, you will then need to spread the word about those results to 250,000 people who are looking for the same type of solution.
While it may seem like a lot of work, the potential rewards of becoming a millionaire make it all worth it.
This formula may seem complex, it highlights the importance of dedicating yourself to the LBW (Long/Lonely Boring Work), your craft, consistently delivering results, and finding ways to share your story with a broader audience.
Once you do that it’s a math and conversion of the 250,000.
To produce $1 million in revenue, you need:
ONE TIME PAYMENTS:
- 1,000 people spending $1,000
- 5,000 people spending $200
- 10,000 people spending $100
- 20,000 people spending $50
- 50,000 people spending $20
- 75,000 people spending $13.33
- 100,000 people spending $10
- 150,000 people spending $6.67
- 175,000 people spending $5.71
- 200,000 people spending $5
- 250,000 people spending $4
MONTHLY SUBSCRIBERS:
- 1,000 people: subscribed for $1,000 per month.
- 5,000 people: subscribed for $200 per month.
- 10,000 people: subscribed for $100 per month.
- 20,000 people: subscribed for $50 per month.
- 50,000 people: subscribed for $20 per month.
- 75,000 people: subscribed for $13.33 per month.
- 100,000 people: subscribed for $10 per month.
- 150,000 people: subscribed for $6.67 per month.
- 175,000 people: subscribed for $5.71 per month.
- 200,000 people: subscribed for $5 per month.
- 250,000 people: subscribed for $4 per month.
YEARLY SUBSCRIBERS:
- 1,000 people: subscribed for $12,000 per year.
- 5,000 people: subscribed for $2,400 per year.
- 10,000 people: subscribed for $1,200 per year.
- 20,000 people: subscribed for $600 per year.
- 50,000 people: subscribed for $240 per year.
- 75,000 people: subscribed for $160 per year.
- 100,000 people: subscribed for $120 per year.
- 150,000 people: subscribed for approximately $80 per year.
- 175,000 people: subscribed for $68.57 per year.
- 200,000 people: subscribed for $60 per year.
- 250,000 people: subscribed for $48 per year.
So how long does it take to be a millionaire? I guess the answer is how long it takes us to master a skill that can solve a $5 - $1,000 problem for a portion of the global population.
Already mastered your craft?
Ready to get your 1,000 people?
Or maybe you’re ready to tell your 250,000 about it?
Well MACRED is for you: Click here to learn more and get started today.
- Myke