Today we’ll cover the third element of the ABC’s approach: Creativity. It’s a fact that
three quarters of all self-made millionaires own one or more businesses.
Entrepreneurialism is the fast track to financial success, but it’s not for all people.
If you’re at all risk averse, you’re probably better off following the suggestions in the
Behaviors section of the book. That is: if you live relatively frugally (remember to
have some fun along the way) and put aside money for investments, after a normal
working life you can expect a comfortable retirement with something left over for
your kids.
For the entrepreneur that’s just not enough. He or she wants the challenge and thrill
of starting and running their own business. Their annual pay is virtually unlimited.
But it comes with risks. Most entrepreneurs have failed at least once. But instead of
retreating, have learned from their mistakes and applied the learning to their next
venture.
You don’t have to invent the next generation of smartphones or cure cancer to make
a million dollars. How about the 16 year-old necklace designer and her younger
sister selling $800,000 worth of jewelry per year? Or the 13 year old that bakes
chocolate farm animals, bringing in one million dollars a year in sales? Or the
environmentally concerned 12 year old who started a grassroots organization
lobbying big companies to act more responsibly toward the environment and built a
successful line of eco-friendly products.
Not sure about your entrepreneurial abilities? Check out the ABCs Entrepreneurial
Indicator (http://www.abcguys.com/our-books/the-abcs-of-making-money/free-
resources/) in the free resources section of our website (www.abcguys.com).
Following your passions and using your Creativity could be your ticket to financial
success.