Income Conversion
Search documents
2 Self-Made Millionaires Share How They Got Rich in 3 Years
Yahoo Finance· 2025-12-24 23:05
Core Insights - The article discusses the wealth-building strategies of self-made millionaires, highlighting that only one in three American millionaires consider themselves "wealthy" despite having $1 million or more in investable assets [1] Group 1: Wealth-Building Strategies - Mircea Dima, CEO of AlgoCademy, emphasizes that his journey to becoming a millionaire took three years of focused effort, developing a compounding skill set, and solving valuable problems [2][3] - Dima founded AlgoCademy after identifying inefficiencies in coding education, focusing on systematic thought rather than memorization, which became the source of his wealth [3] - Dima dedicated up to 16 hours a day to coding the platform and reinvested all earnings into product development and marketing, leading to over $100,000 in monthly subscription revenue within a year [4] Group 2: Property Investment Approach - Joseph Keshi, CEO of Keshman Property Management, built his wealth through strategic property investment and cash-flow management over a three-year period [5] - Starting with limited capital, Keshi focused on converting active income into passive income by purchasing undervalued properties in emerging neighborhoods and reinvesting rental income [6] - This disciplined approach of buying, improving, and leasing properties resulted in transforming a modest start into seven-figure equity within three years [6]