- 1). Decide how to earn a living. You can do this by setting up your own business or learning a high-paying specialized skill. Some of these skills include welding, pipe fitting, plumbing, metalwork or computer skills. Each of them can pay more than $100,000 per year according to moneycrashers.com and forbes.com.
- 2). Choose your path and stick with it early in life. If you are going to develop a group of businesses, you need to select a mentor and develop those skills. The main idea is to develop a business portfolio that is diversified and can provide income regardless of economic conditions.
- 3). Obtain required licenses and certifications in the field of your specialty. These may include welding certifications, electrical licenses and computer certifications. Any license that increases business opportunity is not wasted education but an investment in your future.
- 4). Continue to work and develop your earnings income as you get older and mature in your craft. This includes growing your business portfolio or mastering your specialized skill. Each creates more business opportunity and grows your portfolio.
Decide How To Earn a Living and Stick With It
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