How to make a million?

Making a million can sometimes be difficult, but there are several ways to achieve it. Everyone should be aware that some methods can be risky, and you should always evaluate whether a possible failure would affect your life.

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€40,000? Here are a few tips on how you can reach the magical income threshold (source: zpravy.aktualne.cz)

Only a very small percentage of people are born with a silver spoon in their mouth, and not everyone can be a wealthy heiress like Paris Hilton. Most of us earn a living through regular jobs, which typically isn’t the fastest way to get rich. If you have to pay bills, cover living expenses, occasionally enjoy some entertainment like a cultural event or a seaside vacation, and still save for retirement, you don’t have much left from your paycheck. Are there any ways to get money more easily and quickly?

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Is a million a guarantee of happiness?

English writer Charles Dickens once said that wealth is a relative thing — it’s not about the amount of money, but about the amount of joy. This carries a deep meaning. Even with a large pile of cash, you might not feel truly happy if your life lacks joy. And joy can be found in the simplest things. So next time you’re feeling down about your financial situation, remember this quote.On the other hand, life today isn’t easy without money, since goods and services don’t come for free. That’s why people work — to earn it. Enough philosophy — let’s look at how you can actually make a million crowns.

Investing through investment platforms

Think you don’t have enough capital to invest? You might be wrong, because it’s possible to start investing with just a few hundred crowns. For beginners, investment apps like Portu are ideal. It’s an automated platform that can build a tailored portfolio for each user. It was established in 2017 and is based in Prague.The project was founded by Radim Krejčí, who gained experience at companies like Patria and Roklen, along with managers from the Czech firm WOOD & Company, which has a thirty-year history. You can invest in Portu from as little as €40, with low management fees, making it very appealing. Portu is perfect for investors who don’t understand how the stock market works but still want to grow their money. Trading on the stock exchange requires a lot of time spent in front of a computer analyzing data and understanding the field — Portu does all that for you, saving you valuable time.Currently, Portu has around 200,000 users and manages approximately €1,280,000,000. You can invest your money there for both short-term and long-term goals. The average return is 9.05% per year.Other investment platforms that work on a similar principle include Fondee and Investown. With the latter, you can invest specifically in real estate.

How about trying sports betting?

Investing is a good way to secure your future financially — for retirement, for instance. But if you’re looking to get rich fast, sports betting might be an option. Although advertising slogans promote high odds and promise easy money, it’s essential to stay grounded. Making a million through betting is quite difficult. You need discipline, solid knowledge of a specific sport, and a fair bit of luck. Remember, betting is primarily entertainment — not a means of earning a living. In this respect, having a job is still the most reliable way to make money. Betting can easily land you in debt if you become addicted.Before you dive into sports betting — where some experienced and skilled punters can indeed make decent money — you need to study its rules. It’s best to focus on one sport or league to start. You’ll probably agree that you can’t be an expert in all sports. You should learn how to analyze team and player form in your chosen sport.It’s also smart to compare betting markets offered by different bookmakers and choose the best odds. Be sure to set a budget that you’re willing to allocate for betting over a certain period and stick to it strictly. Never borrow money for bets and don’t bet when emotional. Sports betting is, at its core, still gambling, and there’s no guaranteed way to win. Keep a betting journal to track your activity:
  • Date, type of bet, bookmaker
  • Sport, league, competition
  • Match
  • Pick, odds, stake
  • Win, loss
  • Profit, loss
By logging this data consistently, you’ll be able to analyze your success rate and progress over time.When choosing a bookmaker, check out their welcome bonuses — these are especially useful for beginners. They let you try things out and gain valuable experience, which you’ll put to use when you start betting with your own money.

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Take part in a TV game show

Do you enjoy watching quiz shows on TV? And are you good at answering most of the questions correctly? Then you might consider actually participating in one. TV stations are constantly looking for new contestants for their popular shows, where you can win interesting — and sometimes even valuable — prizes.It’s definitely worth a try because if you lose, it costs you nothing — maybe just the price of a ticket to the TV studio. Plus, you’ll have a fun memory of how good you looked in front of the cameras.Popular quiz shows include *AZ-kvíz*, aired by the public broadcaster Czech Television, or *Na lovu*, which is broadcast on the commercial channel Nova. You can find information about upcoming casting calls on the respective station’s website or their Facebook page.

Frequently asked questions

How do I apply for AZ-kvíz?
You can apply for the AZ-kvíz quiz show, broadcast by Czech Television, by filling out the form available on the station’s website. Once you submit the form and your turn comes up, the television staff will contact you by phone and arrange a filming date. The application is binding. Currently, the waiting time to participate in the show is about three years.
What do I need to know for sports betting?
It’s essential to have in-depth knowledge of the sport you’re betting on. This includes understanding the rules of the game, player and team statistics, current form, and trends. The more you know about the sport, the better equipped you’ll be to place informed bets. You should understand how betting markets work and what the odds represent. Odds reflect the probability of an event occurring and the potential payout if you place a winning bet. It’s important to compare odds across different bookmakers and look for the best value for your bet.
Is investing through investment platforms safe?
It’s important to choose a platform with a good reputation that is regulated by a respected regulatory authority. This helps ensure that the platform complies with laws and protects investors’ funds. The platform should have strong security measures in place to protect your money and data from unauthorized access. This includes encryption, firewalls, and identity verification.
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Kristyna Baranova

Kristyna Baranova

Article author – casino and gambling expert
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Email: kristyna@slothbet.com

I have been active in the world of online casinos since 2019, when I started visiting Czech casinos with friends. I fell in love with the environment and worked as a croupier for a while. After some time, I discovered a liking for online platforms and have already stayed with them. I try to comprehensively review all online casinos for you, one hundred percent objectively, so that you always have the gambling field perfectly mapped out before you jump into it. You can also look forward to lots of news, bonuses and tips. You can find all my articles here.

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