Outside of inheriting money or winning the lottery, one of the keys to achieving wealth is to come up with new ideas, or recycle old ones to appear new and hope it can trigger a trend. Ironically, these are ideas that many typically wouldn’t even consider because they don’t seem promising. The first big idea like this is “The Pet Rock”, which most of us would consider the idea of people paying good money to buy a rock as a pet to be pretty absurd, and yet it became a big seller and made the inventor a millionaire.
The above example shows you don’t have to be a super genius and create a new type of computer or telephone like Steve Wozniak or Steve Jobs. You just need to have that magic mix of creativity coupled with entrepreneurial drive.
A modern example of this is all those taking advantage of social media, and in this case, a family that posts videos of their kid opening and playing with new toys. Now think about it, most people would think showing videos of your kids to others would be boring to non family and only done to trapped audiences such as at home parties. But Ryan’s parents thought otherwise and created a YouTube Channel devoted to their son experiencing new toys to play with. That decision turned out to be a good one, as their channel ranks #1 in earnings at $22 Million for 2018.
Ryan is now in the enviable position of being financially independent years before he actually knows what that means, or even cares. 😁