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21st Century Technologies That Made Young Millionaires :: Dienas Bizness

The emergence of new technologies and the development of existing ones affects especially the youngest, who want to be the first to try everything that is unprecedented and innovative. The technology boom of this century is also rapidly changing occupations and earning opportunities, increasingly giving young people the opportunity to become incredibly successful entrepreneurs, millionaires, and earn far more than their parents.

How is it possible? What should one do to be on the millionaire list at the age of 20-30, to enjoy a vacation on exotic islands, to drive the latest “Tesla” car you have earned?

The multiservice company “Tele2” has created an exhibition with five technology-related and highly paid directions that appeal to today’s young people and enable them to become the determinants of their lives.

Video game streaming

Playing video games and filming this process has been called a real business for several years, in which the most popular streamers are able to make millions. It goes without saying that both video games and their streaming are a more suitable field for young people who derive not only good emotions from this activity, but also a large audience and sometimes several million dollars in their pockets. True, if you take the matter seriously, it turns out that it is not an easy job. Professional game streamers spend more than ten hours a day there, but at the beginning of their “career”, every hour not spent streaming means the loss of followers and subscribers. One of the best known streamers is Tyler Blevins, 30, better known by the nickname Ninja. He was active on the “Twitch” video streaming platform, but is now most viewed on “YouTube”, where his videos of him have garnered 2.5 billion views and around 24 million followers. The young man’s occupation has allowed him to earn about 40 million dollars so far.

NFT creation and negotiation

Last year the NFTs (non-fungible tokens), which, in simple words, are digital, unrepeatable, unique tokens, have aroused a lot of interest all over the world. Most often they are works of art, but in reality they can be anything, including a photo, a Twitter post, etc. etc. NFTs can be relatively easily created, converted into a tradable commodity, and sold online on a trading platform as a one-of-a-kind digital item. It is clear that even in this field young people have not remained indifferent and, to be honest, young aspirants between the ages of 20 and 30 constitute the greatest competition, because they are aware that in this way they can not only get extra money, but they also become millionaires. Who would have thought that such times would come when it would be possible to sell one’s selfie this way on NFT and literally swim in money? Sultan Gustaf Al Jozali, a 22-year-old computer science student, managed to do this and, like NFT, sold nearly 1,000 selfies last year, earning more than a million dollars.

Podcast creation

Podcasts or broadcasts have quickly become a popular and sought after way to consume content. Furthermore, it is another area in which young people can express themselves by offering content of interest to the public of their age, which can be heard not only at home, but also, for example, by doing sports, going to school, etc. . etc. A podcast needs an average of at least 5,000-10,000 monthly listeners to start making money. On the other hand, it is possible to earn up to half a million dollars for each episode.

In Latvia, this field is still not that popular among young people, but abroad young content creators between 20 and 30 years old often create broadcasts on topics such as video games, books, comics, music, sports, inviting famous YouTube stars for interviews. In this way it is possible to attract a large audience and show what perspectives podcasting can open for young people.

Promotion of products on the “Instagram” social network

Ten years ago, few could have imagined that social networks and a large group of followers could bring not only a new occupation, but also pockets full of money and opportunities for a carefree life. Over the years, the social network “Instagram” has become an excellent platform for influencer marketing activities. Thanks to the variety of tools in the app, you can not only dress up the product with beautiful pictures and interesting descriptions, but also, using the “Reels” feature, film it beautifully.

Many influencers adhere to the formula that the price per post depends on the number of followers. For example, every 10,000 they charge $ 100. In this way, the most successful influencers can earn billions of dollars in a year. Last year, the highest paid Instagram influencer was footballer Cristiano Ronaldo, who charged up to a million dollars for a post. But singers Ariana Grande, Selena Gomez and Justin Bieber, who haven’t yet turned 30, also did brilliantly, asking for up to $ 800,000 for an Instagram post.

Investing in cryptocurrencies

In recent years, cryptocurrencies created on the basis of blockchain technology have attracted a growing interest among young people. By speculating with them, it is possible to obtain a lot of wealth and get into debt in a relatively short time. However, the new generation also learns from mistakes, develops investment strategies and tries to understand how the rich can get even richer. For example, a CNBC study last year found that wealthy millennials are relatively more likely to want to invest in cryptocurrencies. It was revealed that more than half, or 53%, of respondents born between 1980 and 2000 and who invested at least one million dollars, cryptocurrencies also absorb half the value of the investment portfolio. Currently, the youngest investor who has become a millionaire by investing in cryptocurrencies is Eric Finman, who has been investing in Bitcoin since he was 12, and in 18 years he had made a profit of nearly five million dollars. He is now 22, a successful entrepreneur and works in education in Silicon Valley.

Technology really opens up new opportunities for both work and profit, and it is up to each individual to use them or devote their energy to other things. However, the so-called new age professions examined here show how much technology is transforming not only the labor market, but also the educational needs and the demand for the desired salary. It is clearly visible that all of this is radically changing and moving away from the times when our parents started their careers. The future is expected to bring even greater surprises and at the same time new opportunities for future generations. What will they be? This will be demonstrated by the advancement of technology and the paths we walk today.

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