Making the most of every moment may sound like a cliché, but it holds true. Instead of using this sentiment to encourage wanderlust or reckless living, David Jaffee stresses the importance of hustling at a young age.
The Ivy League graduate spent years in investment banking (and promoting nightclubs) before shifting his focus to selling option premiums and coaching others to do the same. Through experience and reflection, Jaffee has outlined a four-pronged approach to becoming a millionaire before the age of 25.
Keep reading to learn how to become a millionaire faster from a successful options trader who knows how to make each minute count.
1. Get Your Real Estate License
Whether you are right out of high school or quickly approaching graduation, Jaffee recommends that young people get a real estate license as soon as possible. Depending on your situation, it may be best to earn a GED and put your extra time and attention into successfully earning your real estate license. This path can be a more effective use of your time, freeing you from the limitations of a traditional high school.
With your real estate license in hand, move to a large city and start your hustle. Do not be swayed by teachers, parents, or friends trying to pressure you into attending college. Make quick money by selling apartments and homes, focusing on rentals, and building your email list. It takes grit and determination to be successful, but it is possible to do at a young age.
2. Promote Nightclubs
If you want to be a millionaire by the age of 25, you do not have to sacrifice your social life. Your entire existence does not have to revolve around a desk in an office, separated from friends and family. Instead, make the most of your time by combining your social outlets with money-making opportunities.
Jaffee knows the potential income available from promoting nightclubs firsthand. During his time on Wall Street, he oftentimes earned more money from his side hustle promoting nightclubs than he did as an investment banker (while having a lot more fun). If you are not yet 21 years old, there are still plenty of opportunities when it comes to promoting nightclubs.
Working as a nightclub promoter exposes you to countless new people, enabling you to form valuable connections and widen your social and professional circles. Combine nightclub promotion with a real estate license, and you have a killer combination when it comes to making decent money.
3. Learn How to Sell Options
Learning how to sell options in your early 20s can establish a strong financial foundation for your future. You do not need a college degree or years of investment experience to successfully trade options and earn money. By trading options, you can earn considerable returns at a reduced risk.
Jaffee has had incredible success in options trading, and he has taught more than 1,000 students with his online options trading course and live options trade alerts. He teaches the most successful option trading strategy and is also considered one of the only real and honest options trading coaches in the industry.
If you do not have a lot of capital, you may wonder if options trading is even possible. In 2019, Jaffee proved that smaller accounts can earn considerable profits. He documented his 100% win rate on his YouTube channel, and his options trading course teaches others how to structure trades with a 95%+ win rate. Young people can earn money through options trading without a college degree.
4. Start a YouTube Channel
Spend a few minutes on David Jaffee’s YouTube channel, and you will quickly get a sense for his personality. When he posts a new video, the comment section lights up as people are drawn to his honesty and expertise. His no-nonsense approach to options trading and his tell-it-like-it-is attitude have helped him gain thousands of followers and millions of views, driving traffic to his blog and options trading course.
David Jaffee stresses the importance of starting your own channel as a way to gain exposure and build your brand. Not only can you earn revenue from a YouTube channel, you can make a name for yourself while widening your circle of connections and reaping the benefits that come with name recognition. You can serve as a thought leader, continue building your email list, and highlight your latest money-making efforts by starting your own YouTube channel.
Watch David Jaffee’s video, “If I Had to Start Over,” for more tips on earning a million dollars before you turn 25. Watch now.