Tuesday, January 19, 2016

5 Inspiring Young Millionaires

In a world where people fight for financial stability and strive to survive each day, young adults may be one of the more confused in their search for ways to improve their financial status. You may think it is impossible for someone so young to be competitive and successful in the business world-- let alone be a millionaire. Well, you could never be more wrong. For some people, age doesn't matter; hard work does, and these young millionaires will inspire you to find your way back on track.

1. Marc Zuckerberg
You'd have to be living under a rock if you didn't know what Facebook is. This 31-year-old genius created Facebook in the corners of his dorm room back in 2004. He developed it for the purpose of connecting with college friends, but as soon as he realized how it appealed to the majority, he invited his roommate Dustin Moskovitz and later classmates Saverin and Hughes to expand Facebook to universities outside of Harvard. In June 2006, corporations were allowed to join the site and by September of the same year, Facebook was opened to the general public. Zuckerberg is believed to be worth anywhere near $4 billion.

2. Stacy Bendet
Who says a woman can’t be in this league? Stacy Bendet founded the clothing line Alice + Olivia with her classmate Rebecca Matchett when she was 24 years old! The name of the women's clothing line was derived from their mothers’ names. The collection is now available in more than 800 outlets worldwide. Bendet's creativity was the key to the success of the clothing line, and her designs showcased sophistication with a sense of quirkiness. Later on the two parted ways, but Matchett also did a good job herself. She became a co-founder of a new clothing line known as Rebecca & Drew.

3. Fraser Doherty
He might not be as rich as Marc Zuckerberg, but the success story of this 26-year-old entrepreneur that gave him a net worth of $2 million is no less inspiring. Fraser Doherty has the entreprenuerial mindset all along. This Scottish businessman is the founder of SuperJam and Envelope Coffee and at the same time, is an author of The SuperJam Cookbook. Doherty started his passion early when he started making jam at the age of 14 with the help of his grandmother. He also started selling these jams in his neighborhood, and in 2007, he began to supply SuperJam to 184 Waitrose stores. Now, Super Jam is supplied in most of UK stores. Talk about passion, hard work and dedication!

4. Farrah Gray
This remarkable 30-year-old is an entrepreneur, an author and an inspirational speaker and is the youngest to have a Wall Street Office and has a net worth of an estimated $20 million. This young man has humble beginnings. He started selling body lotion and handpainted rocks that he sold door-to-door at the age of 6. At the age of 13, he founded Farr-Out Food which received a 1.5 million dollar worth of food orders. He became a millionaire at the astonishing age of 14.

5. Ashley Qualls
Ashley started her business with an $8 loan from her mother. Because of her hobby and passion for designing, this 25-year-old girl from Michigan bought the domain whateverlife.com and dedicated the page for free Myspace layouts and HTML tutorials. Aside from later on employing her mother, she employed friends from school. Her office is her basement at home. An anonymous buyer offered her $1.5 million and a car of her choice for her website, but she declined this offer. Well, it proves to be one wise decision-- since the website has more traffic than all the popular teen magazines' combined.

Starting your own business is one serious move. You need to be mentally and financially prepared, and GoDay's payday loans may be the lift you're looking for. If you are confident and sure about the ventures you seek, go out there and venture the possibilities, who knows? You may be the next millionaire in the future.

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