Millionaire Explains: How To Get Rich With $100

About this Video

• Video Title: Millionaire Explains: How To Get Rich With $100
• Channel: Jordan Welch
• Speakers: Jordan Welch
• Duration: 00:17:54

Introduction

This video details a millionaire's (Jordan Welch) strategy for accumulating wealth, starting with only $100. The speaker emphasizes a phased approach, focusing initially on side hustles to build capital, then leveraging skills to sell services, and finally, building a scalable, leveraged business (e-commerce).

Key Takeaways

1. Prioritize Unleveraged Side Hustles: The fastest path to your first $10,000 isn't starting a business, but rather focused, unleveraged work like a 9-to-5 job, gig work (DoorDash), or digital side hustles (TikTok affiliate). This builds capital and essential skills.
2. Master In-Demand Skills: Focus on acquiring skills in AI implementation, viral content creation, and sales/marketing. These are highly valuable and marketable. Learning is done through practical application, not solely books or courses.
3. Build a Leveraged Business: Once you have capital and skills, build a leveraged business (like e-commerce) to generate passive income. This allows your money to work for you, even while you sleep.
4. Avoid Lifestyle Inflation: Until you've reached a significant level of financial security (at least $100,000), live frugally, reinvest your earnings, and avoid unnecessary expenses. This prevents setbacks.
5. E-commerce is a Viable Path: E-commerce is presented as an effective business model, particularly when combined with the previously mentioned skills and utilizing AI tools to streamline the process.