If I earn $1k per day, I'll be a millionaire in 6 months

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(Edited)

If you read the post title and thought "hold on sir, that's $365k per year" then you're probably not doing something right. In fact, if you don't get it then why are you even here?

Let me start by saying that making $1k per day is a lot of money in virtually every part of the world. In fact, I conducted a random survey and it turns out that $250 per day will sustain life in virtually every part of the world.

$1k per day is a lot of money and I'm pretty sure that only a small percentage of the world's population ever actually achieve it. I'm also pretty sure that the fraction of people who successfully make that amount of money daily are almost certainly millionaires.

The reason being that money begets money and while earning a lump sum and blowing it is easy, consistently earning it is millionaire territory.

If there's one thing I know about millionaires, it's that they like money. Not necessarily because of what it can buy but more about some philosophical need.

If I earned $1k per day, I'd be a millionaire in less than a year. That's not an overstatement, it's a fact. It's a fact because I spend all my time looking out for strategic investments that I can delve into making money from money.

I'm in the business of flipping it and if I earned $1k per day, it won't take too long before I make it $2k per day and eventually $5k per day. That's how my hunger and drive work; they constantly push me to achieve more and I never rest, no matter the situation.


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$250 per day 5 years ago was decent and reality today it is not great to be honest. 180 pounds in the UK when converted per day with all the expenses depending on what part of the country you live in could be tight. If you owned the property you were living in then that is different. I know someone recently who asked me for advice as they were planning to emigrate and got rejected on their earnings/savings. They were trading on stocks and crypto as their income and those don't count as income so therefore you have to have the funds in the bank to qualify. I told them as you need to pay for things like private medical as you cannot be reliant on the state for anything and why they just didn't have enough. They had $500 000 or close to it and their application was rejected. Can't remember if it was Australia or New Zealand they were trying to move to.

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Also if you emigrate, you have to have a proper job, you can't live off Hive or trading, they won't let you. They are making sure you have a source of income, otherwise no one is giving you a visa, unless you're a refugee but even those are rejected as no one wants refugees.

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Yes I believe that is why they were rejected as they never saw trading as a job and they didn't have enough saved. I knew someone who 20 years ago sent and paid for his daughter to move to Australia and that cost him more than $500 000 back then. If you are an electrician a doctor or something then it is very different.

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You can work in any field, if you can prove you will have a job, you're good, otherwise you'll never get a visa.

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Indeed, just happened to me and fortunately I had a “job” to show for therefore I got approved

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The first thing they look at is your financial situation and your assets. If you own a property (house, land), have a job and a family that stays home, they know you have reasons to return. If you have nothing, no job, no property (living in rented apartment) and you're requiring visa for the whole family, that's a sign you have no reason to return.

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Yeah I know of someone that used to blog here last bull run, he had sufficient funds but got his application denied due to the fact that his income was from crypto. He missed Steem meet up that year

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That is the reality and the only way is to have the money in the bank as crypto means nothing to them. I can understand this as today you can show value ,but in a bear market you could be a liability to the state.

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Man, that's tough. I've been working my ass off to accumulate all this crypto and the government won't regard me? Perhaps there are some crypto-friendly countries one could emigrate to?

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Unfortunately it doesn't count as earnings so they only see fiat currency right now. If you told them you earn x amount per month from crypto it doesn't count. The couple I spoke about tried it already. Until you cash out and have enough that you are not a burden on that country you will not be entitled to enter. Bummer I know so you just have to earn much more unless you have a profession they are looking for.

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(Edited)

Okay. I'm just going to pile up money(fiat) into my account then before migrating.
Me and my wife are educated, plus I do seo writing for companies, so that should count for something.

Isn't it ironic that the tax laws in these countries consider recurrent earnings like liquidity pools and staking under income tax?

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It depends on what country you are looking at and how strict they are. I know Australia and New Zealand is not easy unless you have skills they require. Not sure if SEO writing is a skill they want to be honest. Your best bet is to make enough as you have to show enough wealth to be able to buy a property and support your family including private medical. I looked at Malta recently and need to buy a property plus the private medical to qualify. You have to be looking at crypto friendly countries for tax purposes so it may not be your dream destination.

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At this point, I'm open to virtually any place. The crypto-friendlier, the better.

My country is in turmoil and could even plummet into pockets of wars, so I'm not very picky at the moment. I'll do some more research.

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Me and my wife are educated, plus I do seo writing for companies, so that should count for something.

Knowing that in quite many countries university degrees obtained in other countries are not recognized, unless you have one internationally recognized, I am not sure how much your education counts. You should look around on embassy websites, see what the requirements are, or try to apply for a job in your dream country, see if they are willing to relocate you and your family.

I would not hold my breath though, covid made everything 100 times worse, not that it was easy before covid.

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Man the Covid issue is so damn tedious. Even going to neighbouring countries like Ghana has become tedious.

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Yeah, those are the travel restrictions but I was referring to the economical hardship. Imagine there are millions that have lost their job in each country, literally, without exaggeration. So getting a visa and a work permit in these conditions are slim to none, unless you're a rocket scientist or have the formula for a drug that can cure cancer, or eradicate covid.

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So the best bet is to wait it out then? Maybe give it one or two years after Covid symptoms have reduced.
Maybe my could even apply for a masters program to get us across.

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This year is definitely not the best to relocate and there are no guarantees that the next one will be better.

Masters program is good but student visa is granted to the applicant, not to the family, so if you get in, you won't be able to bring your family with you.

However, I would start to check out embassy websites to see what kind of visa are available and what are the requirements to see if you can meet them.

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If I get it clear $1k/day is like
earning $41.66 an hour.
Not a bad deal and I see $2k/day is
even sweeter.
I do recall that post where $250/day
was something.
Next post explain how you will reach
$1k/day.
I know all over the world we can have different objectives
and task to complete.

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$250 a day!? Is that an average!? Holy shit haha. I work two jobs about 80 hours a week here in the "land of opportunity" and if I'm making $100 a day I'd be happy as a clam.

I'm doin something wrong hahaha

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I believe most people live off of or at least try to live off of about $150 or less around $80 a day. No easy tasks for a lot of people and wonder why they struggle. It's kind of a disappointment because there's so many things people could be doing to bump up their pay but most don't understand how.

When you hit a million would you retire or keep doing what you're doing?

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(Edited)

I'll keep on doing it but at that point, it'll only be academic and the intensity won't be as much.

I mean, with that kind of money, I'm going to have a thriving operation and I'll not need to be "busy" to get money.

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