How To Be A Millionaire By 25

Michael Dell

Age now:
45

Title/Company: Founder and CEO, Dell Computers
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Made his first one thousand thousand by age:
19

Dell launched his calculator visitor in 1984, just before dropping out of the University of Texas. By selling direct, Dell lowered prices and won over customers. At 24, the company had revenues of $258 million. At concluding check, his estimated net worth was $13.5 billion.

His advice for young entrepreneurs:
"You've got to exist passionate about it," he said in an interview with the Academy of Achievement
(opens in new tab). "I retrieve people that look for great ideas to make coin aren't most equally successful as those who say, 'Okay, what do I really honey to do? What am I excited nearly?'"

Catherine Cook

Age now:
xx

Title/Company: Founder, myyearbook.com
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Made her start meg past age:
eighteen

In 2005, Catherine and her brother founded the social-networking site, which functions like a digital yearbook with pictures, friends and virtual currency called "luncheon money." Today, it boasts 20 million members and is 1 of the 25 most-trafficked Web sites in the U.Due south.

Her advice for immature entrepreneurs:
"Stop just thinking about information technology, and get in happen. When you’re immature is the best time to start your ain business, equally you do not take the responsibilities you lot volition have when you're older. The worst that can happen if you neglect now is that you have firsthand experience to make your adjacent venture a success."

Sean Belnick

Age at present: 23

Title/Company: Founder, BizChair.com
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Made his kickoff one thousand thousand by age: sixteen

Belnick's been selling business organisation furnishings online for nearly a decade at present, merely the contempo B.A. graduate of Emory University's Goizueta School of Business still saw value in a college teaching.

His communication for young entrepreneurs:
"It is never besides early on to start. I started when I was xiv. There was a lot of neat information on the Internet. Just practice the enquiry and find a way to practise what you desire to do."

Jermaine Griggs

Age now:
27

Title/Company: Founder, Hear and Play Music Group
(opens in new tab)

Made his first 1000000 by age:
23

Griggs' passion for educational activity music evolved into a site that teaches piano, drums and guitar by ear. More than than 2 million students download online lessons each year. Griggs' plans include the launch of brick-and-mortar learning centers, a Goggle box network and a magazine.

His advice for young entrepreneurs: "Understand the ability of selling, not just things, merely yourself and your ideas. Study business. Study those who have come before you, and find people with the same dreams and aspirations as y'all."

Matt Mickiewicz

Age now:
27

Title/Companies: Founder, Sitepoint
(opens in new tab), 99designs
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and Flippa
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Made his offset 1000000 by age:
22

Mickiewicz, who launched his first company in 1998, points out that the Internet enables immediate customer feedback, making it relatively inexpensive to test and launch new ideas.

His advice for young entrepreneurs:
"People who say it takes money to make money are using the worst excuse ever. . . Create massive value for others by providing a solution where no other exists."

Juliette Brindak

Historic period at present:
21

Title/Company: Cofounder/CEO, MissOandFriends.com
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Fabricated her first million by age:
19 (Brindak won’t divulge when she earned her first million, only says that her visitor was valued at $15 million when she was 19)

At 10, Brindak started drawing the "absurd girls" drawing figures who became stars in 2005 of her online customs for tween girls. Today, she is seeking investors and preparing to take the site public as she attends Washington Academy in St. Louis.

Her communication for young entrepreneurs:
Find a solid support team who believe in your idea. "If someone starts to uncertainty your company and what yous’re doing, you need to go rid of them."

David Hauser & Siamak Taghaddos

Age now:
28 and 29, respectively

Titles/Visitor: Co-founder (Hauser, right); Co-founder, CEO (Taghaddos, left) -- Grasshopper Group
(opens in new tab)

Fabricated their first million by ages:
24 and 25, respectively

Hauser and Taghaddos met at Babson College, where they developed a virtual phone organization designed to serve mobile entreprenuers. Hauser built the technology; Taghaddos led the marketing and sales.

Taghaddos' advice for young entrepreneurs:
"Education helped smoothen the inherent entrepreneurs within us. Ever be on the sentry for new venture opportunities from the voids and challenges you experience in your life.

Success is finding solutions in challenges that help others; money is secondary."

Cameron Johnson

Age at present:
25

Title/visitor: Launched more a dozen Web sites betwixt 1998 and 2004, before he was 20 years old

Made his kickoff million:
before graduating loftier schoolhouse

At nine, Johnson started a printing company making greeting cards from his home. At 12, he made $50,000 selling his sis's Beanie Baby drove (with her permission, of course). Regarded as an entrepreneurial icon in Nihon, Johnson hosted a BBC television show last year called "Vanquish the Dominate." He now focuses on writing and guest lectures.

His advice for immature entrepreneurs: "Put yourself out at that place. Go started, practise something and start small -- the lower your startup costs, the easier it is to observe profitability.

Create value for others, and you’ll be rewarded."