10 Ways to Make a Million Dollars in a Year (Plus Real-Life Examples!) (2023)

10 Ways to Make a Million Dollars in a Year (Plus Real-Life Examples!) (1)You might think that it’s impossible for someone like you to earn $1,000,000.

Need Easy Extra $350+/Month For Free?

  • SwagBucks: Watch videos, take surveys, shop and more to earn real money. Earn up to $35 per survey! No hidden fees and completely free. Join Swagbucks Now to Get $5 Free
  • InboxDollars: Has so far paid its members over $40 Million. Watch videos, take surveys, shop and more. Join InboxDollars Now and Get Free $5
  • SurveyJunkie: Make $5-$25 in your spare time from home to take online surveys, participating in a Focus Groups and trying new products. Join SurveyJunkie Now
  • Branded Surveys: Complete online surveys. Collect points. Redeem your points for cash & gift cards. No hidden fees and completely free! Has so far paid its members over $18 Million. Join Branded Surveys Now

It seems far-fetched to most people, but it’s possible.

This article is all about real people who have done it for themselves.

Can you imagine waking up one day, having a money-making idea, only to find out that, in a few months, that idea was able to rake in a million dollars?

Most people never dream of being able to have that kind of success, yet it happens all the time to real people.

Imagine what you could do with a million dollars:

  • Buy or pay off your home?
  • Pay for your kids’ college tuition?
  • Become debt-free and have plenty to spare?
  • Invest in your retirement?
  • Quit your job and travel the world?

All of these scenarios are possible if you make that kind of money.

So, I’m going to show you just how it can be done, with the help of several real-life stories from people just like you who have created a secure financial future for themselves using their own big ideas.

Can You Really Get 1 Million Dollars Fast?

Getting one million dollars doesn’t always happen fast.

I’m not going to lie here.

But, it can.

The ways to $1 million that I’m going to talk about here are inspired by people who have really made them work.

You’ll learn about the people who have turned an idea into a business and have become super successful at it.

So successful, in fact, that they’ve earned $1,000,000 or more from their ideas.

Although you shouldn’t expect that things will always happen the same way for you, there’s a chance that they could.

Use these stories for inspiration and motivation to turn your big dreams into realities!

Need Easy Extra Cash?

Pinecone Research, a leading name in online survey panel honesty, absolutely guarantees $3 cash for every survey you complete!
Take advantage of their time limited New Membership drive and register NOW. Join today: 100% free!

Join Pinecone Research Now

Become an Airbnb Host

Airbnb hosting was intended to be a gig for people who wanted to make some extra money renting out their homes and space.

But, for some people, being an Airbnb host has been so much more.

(Video) 15 Ways To Make One Million Dollars

Like one man in London, who made over $15 million renting out his properties to Airbnb travelers in 2017.

Of course, he has 881 properties listed. But still, that’s over $17,000 he’s earned from each one of them.

One article on Forbes said that 75 people in the United States alone made over $1 million each on their Airbnb properties.

So, if you have some rental property that isn’t making the kind of return you thought it would, perhaps it’s time to give Airbnb a shot instead?

Gamble

If you think you’re a good enough gambler to win a million dollars, you might be right.

It’s worked for some people, although this is one of those things you’ll want to be careful with.

Even the most experienced gamblers can lose a lot of money.

You might have heard of Archie Karas, a man made famous for winning millions of dollars – barely even trying – at casinos, only to, unfortunately, lose it all.

But, there are others who seem to have continued luck with casinos, making a steady stream of money at their chosen games.

One man named Don Johnson won $6 million in one night at Atlantic City’s Tropicana casino.

That was all the revenue the casino had made in the past month.

If you’ve ever seen the movie, 21, then you know about the group of college kids who, using card counting in blackjack, won millions of dollars over a span of a few years.

It can be done, but you have to really know the games you play.

And, you must be fully aware of the risks – including that you can lose everything you own very quickly.

Invent Something New

Don’t like how something is going in your life?

Think you have an idea that could make it easier?

That’s how most people come up with winning ideas for inventions that make them millions of dollars.

Usually, if you think something might help, then there’s a good chance other people will think it will help them too.

The founder of Spanx, Sara Blakely, is a perfect example of how this can work for you.

She hustled her way to the top, forming her winning product and even writing her own patent because she couldn’t afford a lawyer.

She even became the youngest self-made female billionaire in the world because of her invention.

Now, we have even more available to us than Sara did when she started the company back in 2000.

Thanks to crowdfunding sources, like Kickstarter, you can get funding and marketing for your project before it even hits the shelves, giving you even more power to launch it.

Invest in Real Estate

There’s no doubt that, if you have some extra money to play with, investing in real estate can be a smart investment for your future.

(Video) 5 Ways To Make One Million Dollars in 2022

And, even if you don’t have much money to play with, you can still make it big.

Take Sean Conlon, for example, a man who started buying real estate when he worked as a janitor during the day.

He’d make real estate deals at night, during the off-hours of his job, and hustle his way until it became a full-time gig.

Earn Everything… nearly!

Join Opinion Outpost, one of the few faithful and honest survey panels and earn cash and gift cards for your opinion. Stack your points and redeem them: Simple! No hidden fees and completely free!

Join Opinion Outpost Now

He soon became a millionaire and owns companies of his own.

If you have excellent credit, then you may be able to start out getting a loan for a home that you can buy at a low price, put some money into upping its value, and selling it for way more than you bought it.

Not only will you make enough to pay off the loan, but you’ll have extra money to go toward your next investment.

Work your way up until you can start buying homes of more value to invest in.

Make YouTube Videos

Did you know that more than 75% of today’s kids dream of becoming a YouTube star someday?

What used to be dreams of becoming doctors, veterinarians, firefighters, and police men and women has now turned to wanting to become a YouTuber.

And it makes sense, considering all the people who have become famous just by having a YouTube channel (does Justin Bieber ring a bell?).

People are making serious money off their YouTube channels.

Like little Ryan from Ryan’s ToysReview, who takes on more than $11 million each year now.

He’s only six years old!

Rosanna Pansino is a baker and star of Nerdy Nummies, which rakes in over $6 million every year.

And, the star of DisneyCollectorBR never even shows her face on camera. She unwraps toys and collects up to almost $22 million each year.

You can get paid from YouTube ads and sponsorships, so the earnings potential is virtually endless.

Self-Publish Books

Some people are lucky to make a few bucks off their self-published books that they published through Amazon’s Kindle program.

Others have hit it big, selling thousands to millions of copies of their books and raking in enough money to let them quit their day jobs.

In 2015, Forbes ran a story about Mark Dawson, a self-published Kindle author who gets paid about $450,000 every year for his books.

And then there’s Amanda Hocking, a woman who made $2.5 million in 20 months from selling her self-published books on Amazon.

(Video) Heaven and How to Get There | John 14 | Gary Hamrick

If you’re ready to take the leap into self-publishing, then check out this link, where Amazon gives you all the details.

Sell Things

It’s seriously never been easier to sell things. Thank you, internet!

With helpful e-commerce tools that practically do all the hard work for you, selling things online is such a streamlined process that anyone can do it.

Just ask Cameron Johnson, who learned how to buy and resell Ty Beanie Babies on eBay to make a profit of $50,000 before he even became a teenager.

Then there’s Trevor Chapman, who created an e-commerce business using Shopify and drop shipping products from China.

It took him only two weeks to earn is first $10,000 in one day.

There are sites that let you create designs to sell on T-shirts, bags, prints, and more.

Some people sell their own crafts or tutorials on Etsy.

Others buy and resell things on eBay, much like young entrepreneur Johnson did.

Others, like Chapman, use Shopify and other e-commerce marketplaces to create a store selling anything they want.

Shopify pretty much does it all for you, and all you need to do is pay a monthly or annual subscription fee, which will pay for itself once you start making sales.

Teach or Coach Online

Most bloggers I know aren’t really making money from their blogging, per se.

Instead, they’re making money teaching other people how to blog, make money off their blogs, increase their social media followers, etc.

Making money by teaching others something through online courses is becoming super popular.

Rob Percival is a good example.

Percival started an online web development course on Udemy, a site that helps you set up and market your courses.

From June to September of that year, his sales for the course quickly increased until he was pulling in a steady $150,000 every month.

He later created a few other courses to earn his first $1 million selling courses online.

Read More:27 of the Best Online Tutoring Jobs to Make Money from Home

Trade Stocks

This one will take a good amount of skill to do.

You’ll have to understand how the stock market works and how to choose your investments wisely.

But, if you’ve already had some experience with the market, then this could work for you.

Plenty of people make it big by trading stocks.

Just recently, people sold GoPro stocks and cumulatively made about $45 million in profit when the stock plummeted.

(Video) How to Make a Million Dollars a Year

Although you shouldn’t expect to get rich overnight with stocks, you can still expect that, one day, you could reach your first million through this practice alone.

Nothing Working? Be as Creative as Possible!

If nothing else is quite working for you, then it’s time to get creative!

Most people don’t get rich by being lucky.

They get rich because they have some incredible idea that’s not like anything else out there.

One of the best examples of this is The Million Dollar Homepage.

This site was created as a way for Alex Tew to pay his way through college.

He sold advertising space for $1 per pixel and was able to have every single spot filled up, making him $1 million richer.

Then there’s Scott DeLong, who created a website called ViralNova, made $1 million with it on his own, and sold it for as much as $100 million.

Dong Nguyen created Flappy Bird, possibly one of the most frustrating games ever, and made $50,000 every day just by running an advertisement at the top of the app.

As you can see, these people got creative.

They weren’t even necessarily expecting to make a million dollars, but they did it, all because of a good idea that others thought was great.

See Also:The Ultimate 2018 Guide for Home Based Business Ideas

Conclusion: How to Make a Million Dollars in a Year

Hopefully, this post inspired you to chase the dreams that you have sitting in your head.

All these other million-dollar ideas worked because people took a chance on them!

So, no more waiting.

Get in there and make your idea work for you!

What other unique ideas have you heard of that let people make their first one million dollars?

Let us know in a comment!

Related Posts:

  • Top 25 Ways to Make an Extra 1000 Dollars in a Month (It’s Legit!)
  • Learn How to Make 30 Dollars Fast Online in Just a Few Minutes
  • Real Ways to Earn Money Online: How to Make Money Online Today
  • 20 Best Tips to Bump Up the Bank Account (Make 10000 Dollars Fast!)

Earn Everything… nearly!

Join Ipsos iSay, one of the few Faithful and Honest survey panels and earn prizes, gift cards and donations. Stack your points and redeem them: Simple! No hidden fees and completely free!

Join Ipsos Now

FAQs

How can I make 1000000 in one year? ›

See All 10 Ways to Make $1 Million
  1. Start a Business.
  2. Save Early and Often.
  3. Let Your Boss Help.
  4. Don't Overspend.
  5. Own a Home.
  6. Buy When Stocks Are Cheap.
  7. Look for Stocks on Steroids.
  8. Earn Income on the Side.

How can I make the most of 1 million dollars? ›

Steps to Invest a Million Dollars
  1. Start with liquid generated income.
  2. Pay off debt.
  3. Boost up your emergency fund.
  4. Give it away.
  5. Invest in real estate.
  6. Bonds, bonds, and more bonds.
  7. Consider an annuity.
  8. Look into actively managed portfolios.
26 Aug 2022

How can I turn $100 into a million? ›

How to turn $100 into $1 million, according to 9 self-made...
  1. 'Invest in something you love. ...
  2. 'Buy and sell items from garage sales. ...
  3. 'Improve and invest in yourself. ...
  4. 'Learn a high-income skill. ...
  5. 'Write an e-book. ...
  6. 'Buy a multimillion-dollar business with other peoples' money. ...
  7. 'Build a personal brand.
30 Aug 2019

How hard is it to make $1000000? ›

Even for those highly disciplined few who can save $10,000 or $15,000 a year, that would take over 66 years to build $1 million with no interest or compounding.

What jobs pay millions a year? ›

Jobs that better your chances of becoming a millionaire
  • Professional athlete.
  • Investment banker.
  • Entrepreneur.
  • Lawyer.
  • Certified public accountant.
  • Insurance agent.
  • Engineer.
  • Real estate agent.

How can I turn 200k into a million? ›

Investing 200k and giving it 20 years to grow can easily turn it into almost $1 million dollars. And that's being conservative! If you invest in real estate, high-risk investments that earn big returns, or passive income options, you may be able to earn more than that.

How can I get rich in 5 years? ›

How to become wealthy in 5 years: 14 strategies
  1. Become Financially Literate Through Self-Education.
  2. Spend Less, Earn More, Invest the Difference.
  3. Do Something You Love.
  4. Invest in Properties.
  5. Build a Portfolio of Stocks and Shares.
  6. Focus on Contemporary Areas of Growth.
  7. Be An Innovator.
  8. Do Quarterly Goals & Reports.
5 days ago

How can I become rich? ›

6 Steps to Become a Millionaire by 30
  1. Start Saving Early. The easiest way to build your savings is to start early. ...
  2. Avoid Unnecessary Spending and Debt. Stop buying things you don't need. ...
  3. Save 15% of Your Income—or More. ...
  4. Make More Money. ...
  5. Don't Give in to Lifestyle Inflation. ...
  6. Get Help if You Need It.

How can I become a millionaire in 5 years? ›

9 Steps To Become a Millionaire in 5 Years (or Less)
  1. Create a Plan.
  2. Employer Contributions.
  3. Ask for a Raise.
  4. Save.
  5. Income Streams.
  6. Eliminate Debt.
  7. Invest.
  8. Improve Your Skills.
5 Sept 2022

How can I become a millionaire in a year? ›

How To Become A Millionaire In ONE Year (My Plan) - YouTube

How can I make a 10k faster? ›

24 Ways to Make $10,000 Fast
  1. Get a New Bank Account. ...
  2. Open a Credit Card. ...
  3. Transfer Funds to a New Brokerage Account. ...
  4. Invest in Real Estate (Roofstock, Fundrise, etc.) ...
  5. Rent Out Your Home Space. ...
  6. Teach Your Skills Privately. ...
  7. Sell Unwanted Jewelry. ...
  8. Sell Your Stuff.
9 Aug 2022

At what age do most people get rich? ›

Data collected by Betway Insider has revealed the average age to become a millionaire is only 37. Becoming a first time billionaire takes a bit longer, with the average age coming in at 51.

Is 1m dollars a lot? ›

For most people a million dollars is a lot of money. It is more than most people will ever see at one time. But most people will earn well over one million dollars over their lifetime, so in that respect it isn't that much.

Is 1m a year good? ›

Making a million dollars a year or more puts you in the top 0.1% of income earners in the world. A top 1% income is over $500,000 today in America. With such an income, you should eventually have at least a top 1% net worth of over $11 million per person.

Is 10m net worth Rich? ›

$10 Million Is A Top One Percent Net Worth

10 million dollars is a lot of millions. If you have a 10 million dollar net worth or higher, you have a top one percent net worth in America.

What jobs will get you rich? ›

There are all kinds of degrees to earn these days, but not all of them guarantee a high-paying job in the end.
...
The following are jobs that will have you cashing in big time.
  • Doctor. ...
  • Surgeon. ...
  • Investment Banker. ...
  • Corporate Executive. ...
  • Petroleum Engineer. ...
  • Psychiatrist. ...
  • Data Scientist.

What is the highest paying fun job? ›

Top 60 Highest Paying Fun Jobs
  1. Video Game Designer. If you adore video games, designing them could be a dream job. ...
  2. Food Stylist. ...
  3. Property Caretaker. ...
  4. Stunt Person. ...
  5. Professional Critic. ...
  6. Sommelier. ...
  7. Voice Actor. ...
  8. Race Engineer.
12 Jul 2022

What are most millionaires jobs? ›

Ramsey Solutions recently conducted the largest survey of millionaires top five careers for millionaires are:
  • Engineer.
  • Accountant.
  • Teacher.
  • Executive management.
  • Attorney.
25 Jul 2022

How can I make 100 dollars a day? ›

And the dollars will add up quickly!
  1. Take part in research (up to $150/hour) ...
  2. Get paid to take surveys. ...
  3. Get paid to watch videos online. ...
  4. Answer questions for money. ...
  5. Download this app and make money by going online. ...
  6. Get paid to play games online. ...
  7. 7. Make an extra $100 pet sitting. ...
  8. Become a shopper.
6 days ago

How can I become a millionaire in 10 years? ›

These 10 steps will move you in the right direction:
  1. Create a financial plan. ...
  2. Increase your income. ...
  3. Live below your means. ...
  4. Pay off your debt. ...
  5. Understand the power of compound interest. ...
  6. Max out your retirement contributions each year. ...
  7. Choose the right investing brokerage. ...
  8. Open a high-yield savings account.
30 Aug 2022

How do I make my first million? ›

Start saving early, be careful with debt, invest in a diversified portfolio, buy property and increase your income sources, experts say. Building a net worth of $1 million may seem like a far-fetched goal at first. But it is a realistic target if you allocate your funds well, financial experts say.

At what age do most people get rich? ›

Data collected by Betway Insider has revealed the average age to become a millionaire is only 37. Becoming a first time billionaire takes a bit longer, with the average age coming in at 51.

How do I make my first million? ›

Start saving early, be careful with debt, invest in a diversified portfolio, buy property and increase your income sources, experts say. Building a net worth of $1 million may seem like a far-fetched goal at first. But it is a realistic target if you allocate your funds well, financial experts say.

How much a month is a million a year? ›

How much does a Million Dollar make? As of Oct 23, 2022, the average annual pay for a Million Dollar in the United States is $91,622 a year. Just in case you need a simple salary calculator, that works out to be approximately $44.05 an hour. This is the equivalent of $1,761/week or $7,635/month.

How can I make $1m in 5 years? ›

Earning a million bucks in a year requires that you earn $83,333 per month. That breaks down to $20,830 per week. Based on the average 40-hour workweek, that means you need to earn $480.00 per hour. But, we're looking at a 5-year plan, so the amount you need to earn per hour is now $96.

Who is the youngest billionaire? ›

As a kid, Alexandr Wang was a math whiz who liked participating in national math and coding competitions.

Are most doctors millionaires? ›

Millionaire Status

Across the board according to the 2021 physician wealth report, 56% of physicians reported a net worth of over a million. Out of family physicians, the majority become millionaires by the age of 55, with only 11% having a net worth of a million before 45.

Is becoming a millionaire hard? ›

The odds of becoming a millionaire in America are between 6.4% to 22.3% according to data from the Federal Reserve Board's Survey of Consumer Finances. I'd gladly take those odds over trying to become a millionaire in any other country.

How can I become rich? ›

6 Steps to Become a Millionaire by 30
  1. Start Saving Early. The easiest way to build your savings is to start early. ...
  2. Avoid Unnecessary Spending and Debt. Stop buying things you don't need. ...
  3. Save 15% of Your Income—or More. ...
  4. Make More Money. ...
  5. Don't Give in to Lifestyle Inflation. ...
  6. Get Help if You Need It.

How can I become a millionaire in a year? ›

How To Become A Millionaire In ONE Year (My Plan) - YouTube

Is 1m dollars a lot? ›

For most people a million dollars is a lot of money. It is more than most people will ever see at one time. But most people will earn well over one million dollars over their lifetime, so in that respect it isn't that much.

Is 1m dollars a year good? ›

Making a million dollars a year or more puts you in the top 0.1% of income earners in the world. A top 1% income is over $500,000 today in America. With such an income, you should eventually have at least a top 1% net worth of over $11 million per person.

How can I make 75k a year without a degree? ›

16 jobs that pay 75k a year without a degree
  1. Registered nurse. National average salary: $78,905 per year. ...
  2. Senior consultant. National average salary: $91,805 per year. ...
  3. Risk manager. National average salary: $88,879 per year. ...
  4. 4. Development director. ...
  5. IT manager. ...
  6. Professional athlete. ...
  7. Detective. ...
  8. Sales director.

How can I be a millionaire in 4 years? ›

If one income stream slows down, there's another that can take its place.
  1. Develop a perfect financial plan.
  2. Be Brave and Take risks.
  3. Overcome excuses, improve the Confidence.
  4. Earn a lot of money.
  5. Save money from your earning.
  6. Invest the money wisely.

Can I retire at 55? ›

There's nothing in the retirement rulebook, legal or otherwise, that says you can't retire at 55 years old. In fact, some members of the FIRE (financial independence, retire early) movement aim to retire as early as 40. So it's perfectly legal and possible to retire in your mid-50s if that's your goal.

Can I retire at 50? ›

Retiring at 50 comes with some additional challenges. First, you may be too young to take qualified distributions from your retirement plans. With 401(k)s and other work-sponsored plans, you can't take money out until you're at least 55 (and officially retired).

Videos

1. How to Turn $5K into $1 Million - Grant Cardone
(Grant Cardone)
2. This Is How Much YouTube Paid Me For My 1,000,000 Viewed Video (not clickbait)
(Shelby Church)
3. 7 Ways To Make Your First $100,000 Online
(Iman Gadzhi)
4. 9 Passive Income Ideas - How I Make $27k per Week
(Ali Abdaal)
5. VFX Artist Uses CGI to Reveal the True Scale of A BILLION!
(Corridor Crew)
6. 12 BEST TESTS TO REVEAL YOUR PERSONALITY TYPE
(5-Minute Crafts)
Top Articles
Latest Posts
Article information

Author: Duane Harber

Last Updated: 02/27/2023

Views: 5975

Rating: 4 / 5 (71 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Duane Harber

Birthday: 1999-10-17

Address: Apt. 404 9899 Magnolia Roads, Port Royceville, ID 78186

Phone: +186911129794335

Job: Human Hospitality Planner

Hobby: Listening to music, Orienteering, Knapping, Dance, Mountain biking, Fishing, Pottery

Introduction: My name is Duane Harber, I am a modern, clever, handsome, fair, agreeable, inexpensive, beautiful person who loves writing and wants to share my knowledge and understanding with you.