ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Woman Becomes Millionaire by 20 After Listing Rented Properties on Airbnb; Leaves Netizens Stunned

When asked how it happened, she said how it still feels "unreal" and she doesn't know if she has "fully processed" the whole thing. 
PUBLISHED MAY 31, 2024
Cover Image Source: Woman found success with Airbnb | TikTok | @theschoolofhardknocks
Cover Image Source: Woman found success with Airbnb | TikTok | @theschoolofhardknocks

Not long ago, becoming an entrepreneur and reaching millionaire status was still considered something that a person would do after gaining years of experience as a professional if they didn't inherit generational wealth. However, people like @Inayah McMillan, who dared to tap into innovative sources of income at a young age, are proving what can be achieved with better financial planning. In a vox-pop video posted by the popular TikTok page @theschoolofhardknocks, McMillan explains how to adopt a proactive approach to building wealth. "What do you do for a living, to be able to afford a G-Wagon in Las Vegas?" asks the host to McMillan who can be seen sitting in a matt black Mercedes Benz G Wagon. 

Image Source: TikTok |
Image Source: TikTok |

"I have an Airbnb business," she says. McMillan, who has been running an Airbnb business for three years, also reveals that she made a whopping $7 million in the last financial year. The interviewer then goes on to ask if McMillan comes from money, to which she says, "I have, yes." "I used to be a nanny, and when Covid hit, all my jobs were like, we don't need you anymore, and I had bills to pay. I was down to my last $20 bill, but you know you just have to figure it out." McMillan who is now 21, became a millionaire at the age of 20. When asked how it happened, she said how it still feels "unreal" and she doesn't know if she has "fully processed" the whole thing. 

Bigwizboy_01 | TikTok
Bigwizboy_01 | TikTok

Describing her journey to achieve success through Airbnb, she said, "When we saw that it was successful for us, it was like a numbers game, the more we scale, the more money we make." When asked what was the one actionable step that broke people right now should take, McMillan says, "I think a lot of people think that they need a ton of cash, to start a business. But even for me, before I started Airbnb, I didn't know that business credit was a thing, and so I would say a lot of people are scared, that when they make a little bit of money, they want to keep it to themselves, but normally you have to reinvest back into the business," she said.

Christos Shadow | TikTok
Christos Shadow | TikTok

"I took the money and rented an Airbnb, and I have to pay the landlord every month, but the guests pay me way more."

People in the comment section were simply taken aback upon learning that Airbnb businesses can pay so much. "Airbnb can generate 7 million dollars?? Please teach me how," one user wrote while others were surprised that it was possible to rent a place and then turn it into an Airbnb. 


@theschoolofhardknocks I asked @Inayah McMillan a Las Vegas multimillionaire and entrepreneur how she became a millionaire at 20 years old. I also asked her the best advice she’d give somebody who is broke and trying to become financially free in today’s world. #wealth #financialfreedom #entrepreneur #motivation #realestate ♬ original sound - The School of Hard Knocks

 

Others who have already stepped into this business were shocked to hear the pace at which she achieved her goals. "It's the speed for me. I've done Airbnb for the past 7 years but her momentum is phenomenal," read another comment. 

For more such content, you can follow @theschoolofhardknocks on TikTok.

MORE ON MARKET REALIST
The two came up with a brilliant invention for anyone who finds it difficult to relieve themselves in the wilderness.
4 hours ago
Samara Leilani who won a brand new Nissan showed that things aren't as they appear on the show.
6 hours ago
Students supported him to get on a flight to Los Angeles for an audition that changed his life.
1 day ago
She shared a video that demonstrated how she got fed up with the slow-moving line at Walmart and decided to take action.
1 day ago
Celebrity Week on "The Price is Right" allows celebrities to play games that the show is known for.
2 days ago
She saw that the woman taking instructions from someone on the phone and noticed something was wrong.
2 days ago
The moment became unforgettable for audiences, and the presenter was appreciated for his recovery.
3 days ago
Even without the raise, Oliver remains one of the top-paid faces on American television.
3 days ago
The story resonated with thousands of fans who made sure to set things right for the hardworking man .
3 days ago
After O'Leary and Rodriguez made offers, Cuban also joined Greiner to make an offer.
4 days ago
The Home Depot staffer requests the individual's tax-exempt number, which the individual declines.
4 days ago
She also called out Walmart after describing how she was feeling about wearing unwashed clothes.
5 days ago
Like any struggling young actor in the 80s, White was looking for any opportunity to appear on TV.
5 days ago
The man bought three tickets but left the last one at the counter and the man on the counter just checked it out of curiosity.
6 days ago
Perry's comments about splitting bills and the women being the breadwinner did not go down well with many.
6 days ago
The woman finally asked for help from a worker at Walmart and found out more alarming details.
7 days ago
Walmart worker confronts the return scammer, sparking a viral debate on ethical consumer behavior.
7 days ago
She was only offered $6,600 as a “goodwill gesture” for being the winner. 
Dec 6, 2024
The man from New Jersey bagged the reward when he was in the studio just as a member of the audience.
Dec 5, 2024
Viewers were left scrambling for an explanation until the glitch was fixed during a re-run later that year.
Dec 5, 2024