How to Make Millions in South Africa
We all desire to be millionaires, right? Most likely, the reason you’re reading this is that you’d like to become a millionaire as well. “How do I make my first million rand?” is the nagging question.
Every millionaire in South Africa has thought about this, whether consciously or unintentionally. The ten straightforward methods listed below will help you earn your first million Rand and join the ranks of South Africa’s numerous millionaires.
Possess the Right Mentality
Before we discuss particular ways to earn a million Rand, you should make sure your mind is set up to succeed financially. As long as your mind isn’t prepared to be a millionaire, you can do everything and still be hopelessly broke. Self-discipline is the most extreme form of discipline.
Invest in a career that will pay off
Not everyone is naturally entrepreneurial; other people are merely academically brilliant or talented in a particular area. If you enter a lucrative, specialised profession, you may quickly earn a million Rands. In fact, South Africa boasts a sizable population of millionaires in the fields of law, economics, and medicine.
The majority of wealthy people prefer to pursue education and professional specialisation. The following degrees have shown to be millionaire makers if you are thinking about becoming one: LLB or LLM, Actuarial, Computer Science, Engineering, Medicine, and Finance and Economics.
launch a business
You’ve surely heard it a million times: start your own business if you want to be successful. Let’s run this by ourselves once more. The most well-known millionaires in South Africa are those who started a business and grew it to incredible heights.
Build a powerful online presence
The digital age is the future, you’ve heard. I declare that the future has come today! In South Africa, developing a strong online presence will make you suddenly rich. Yes, overnight. Did you know that you may get R17 000 from just one million views on YouTube? The most well-known YouTuber in South Africa is 29-year-old Dan Mace, who has over 700,000 subscribers to his channel.
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Develop an app
It’s not that difficult to earn a million Rands. Did you know that if you create an app and aim for one million subscribers, you can easily generate one million Rands? Isn’t that easy? You may pick your area of expertise and create your own app, or it could be a dating app, service app, game, or music app.
Did you realise that every day, Candy Crush generates $1 million USD? South Africans are always searching for fresh applications. Profit from this by creating South African-friendly applications. If you promote it well, you can easily make a million Rand.
Purchase index funds.
You might not have an internet job or be intelligent enough to profit greatly from your trade, but you are still working. We were always told to be frugal. You can become a billionaire by saving the meagre income from your job. The most secure and lucrative method of investing is by setting aside cash to purchase index funds.
Make a service that requires subscriptions
Make a service with a 100,000 user goal. Get the 100 000 users of your service to pay R10 each month. In the last month, you’ve just made your first million Rands. And if you keep your subscribers, you’ll receive a monthly payment of a million Rand. Take into account any service that South Africans find appealing.
