Investor Benediktas Gylys on Earning a Million: I Believed it Was Possible

Recently  MRU's "Life's Start-up" (Gyvenimo Startuolis) YouTube Team sat down with Lithuanian investor, internet guru and author Benediktas Gylys to discuss finances, saving and how he earned his first million.

He gave some advice for those starting out on their path in life. First, find out what you want to do. Second, copy successful people who have already made a name for themselves. Read their biographies and life's stories. Third, he encouraged everyone to write down their goals and aims. When you write it down, it becomes "live" in  your notebook, he added.

Gylys, speaking on the MRU "Gyvenimo Startuolis" programme on "YouTube, said he began working online at age 15-16. His first work tool was a "Photoshop" programme that helped him manage photos. Later he began to make a lot of money from Internet website design and eventually set up a popular social network with a best friend, which helped him raise initial capital. After taking an intense interest in the dietary supplement and vitamin market in the U.S., he discovered dietary supplements which became very popular in the U.S. Gylys was fluent in English and had already mastered search engine optimisation processes and trading in food supplements. Thus he earned his first million in Litai and just a year later - in Euros.

Benediktas Gylys says he always believed that financial success would come sooner or later. "I read various articles about successful Internet online businesses and was convinced that this is for me and it is achievable. I had seen people who were not much smarter than me, construct various websites, he said. Some fail, some succeed later. In the end, I believed that it is for me and it is achievable and if I try many times, I will definitely manage to discover a successful idea, a successful product that will earn me that fortune. And when that million first appeared in my bank account, it wasn't a miracle for me. It was a result which I clearly hoped for and had written down in my goal list, he said.

In the interview on YouTube, Gylys explained how he reacted when he found out about a million in his bank account and how his life changed and how some relationships even changed. He said that he hoped earning so much hadn't changed him and his friends assured him that it hadn't. But he said there were some people that did not wish him well and were jealous of his financial success.

Investor Gylys also has his opinion about saving and putting away money for a rainy day.

"I believe that it is more important to think about how to earn more than how to save more. Saving is dangerous in the sense that you can become a slave to penny pinching," he said.

The interview with Gylys can be viewed on the MRU "YouTube“ channel here - https://bit.ly/3jL5xv5