One of my blogger friend recently sent an email, asking me what she can do with P10,000 to turn it into 1 million pesos in less than a year.
I find this an interesting question. So instead of replying to her directly, I’m writing a blog post about it.
So, how do you legally turn a few thousand pesos to a million in less than a year?
Here are a few suggestions, or rather, true stories of people I know who have accomplished this seemingly impossible feat.
Manuel
Manuel works as a technical engineer, but his real passion is the stock market. He’s been trading equities for almost 3 years now, and admits he earns more from it than his current job.
Vhem
Vhem is a blogger, who decided to put up an online magazine. He hired writers, and spent most of his time doing search and social media marketing. He now earns at least P100,000 a month from ads.
Edward
Edward lost his job, and used her savings to join a multi-level marketing company. He put all his time and energy in learning the business, and creating a strong team. He became a millionaire in less than a year.
Roel
Roel is an I.T. professional by day, and forex trader by night. He loves the fast-paced world of currency trading, and tells me that it’s normal for him to double his account value every 2 months.
Anne
Anne loves to cook. So she created a YouTube channel and uploaded cooking videos. In less than a year, her online recipes started generating six-digit income every month. Plus, she’s now compiling them and publishing a recipe book very soon.
Rodel
Rodel is an electronics and communications engineer who develops mobile apps as a hobby. He created a simple game, which became a hit among casual gamers. In a span of six months, he has earned more than a million pesos from in-app purchases.
The Lessons You Need To Learn
I can go on with the stories, and I actually have several more people in mind who all earned more than a million pesos in less than a year, with only a few thousand pesos at hand.
So what are the lessons here?
First, realize that there is an abundance of opportunities out there, but you need to open your eyes and look closely to see them.
Second, your knowledge and skills are your best tools in making money. Look for and choose opportunities that will optimize them.
And lastly, understand that there’s no such thing as overnight success.
They may have earned more than a million pesos in less than a year from very little capital, but it was only possible because they have spent many years before in acquiring knowledge, and practicing their skills.
Remember that your foundation determines your execution. The more you know, and the more skills you have, then the more opportunities you can seize.
And thus, you can now stop asking how you can turn your P10,000 to P1 million pesos and instead ask yourself, “What do I know, and what skills do I have, which I can use to become a millionaire?”
If it’s hard for you to answer this question, then maybe you should spend more time learning new things, and acquiring new skills.