Neel Dhingra walks through how he made his first million: starting in sales, building skills, hiring help, then moving into real estate and stocks. He breaks down the concrete steps that got him there.
So here's how I made my first million without having any money up front. Now keep in mind, you could apply this same game plan to many different industries. The first thing I did was look for an opportunity to make bigger money. I did this by getting into sales, doing home loans, because you see hard work isn't enough. You have to be in the right vehicle. The next thing I did was figure out how I could help more clients. I did this by getting really good at my job and by making sure people knew about this. Now the next step is where most people get stuck. I had to take some of the money I was making and hire people to help me. This cost money, but it led to me being able to help even more clients. Then as my income went up, I started taking all the extra money I was making and invested in quality assets that go up over time, mostly investing in real estate and quality stocks. This way, my overall net worth is going up while I was sleeping. And I just kept repeating this process until I got to my first million, which then led to many more.
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