I was watching an interview Jack Ma had with couple of young entrepreneurs from Thailand a couple of days ago. I mean it was a buzz!
If you don't know Jack Ma or Alibaba, I guess you probably spend so much time under the Blue Grotto snacking your Doritos. But don't worry, I will tell you who he is:
He is .... word richest man and founder of the Alibaba Group - one of the biggest Ecommerce platform on earth.
But I took note of something when reading more on Alibaba story. See this:
How on this freaky world did Jack Ma finally grow the "failed company" to worth more $40Billion?
I digged a bit into the life of some of the world richest peeps and how they all made their first millions.
I would love to say Tuxedo, sparkling Blue Moon of Josephine or a pair sassy pair of Stuart weitzman's marilyn monroe. But you know "Some peeps would wear Tuxedo even if it means skipping launch and dinner for a millenium".
So, what do rich peeps have in common? In this post I'll show you 3 common traits I saw while studying the life story of some of the world most successful self made entrepreneurs?
Hey Tom, What do you mean?
If you believe you can't, the problem is not really that you won't, the problem is that you won't bother to do enough to make it work.
If you believe you can grow up a million dollar business, you won't quit before you make your first $100. You may struggle, wobble, but you won't give up.
3 Billion Dollar Business With Really Rough Start
AliBaba
Jack Ma wasn't a lucky guy who had everything he needed while growing up. Like a friend of mine would say: Jack probably wanted a silver spoon but life threw him a wooden spoon.
Now, an average guy would probably call it a day, suck about his luck and accept what life's got to offer.
But Jack never did. He still went to pitch a top bank for $3000 loan to support Alibaba. He was again brutally turned down. Still he never stopped.
Today, Jack has grown Alibaba to $40Billion.
Adenuga still believed he could grow a $.... telecom company. He started with string of small businesses. Today, Globacom alone is ....
I know a couple of peeps who would sell off those beds, spend those bucks on roasted corns, say bye, go look for a 'meaningful job - and throw the unlucky laptop into a trashcan.
But Brian and Joe never did. They believed in their dreams. The new company wasn't fetching them enough money to support themselves yet. So, they sold some cereals for side income.
Today, ..... is worth ....
"I'm fearless, I don't complain, even when horrible things happen to me, I go on" - Sofia Vergara
I grew up with that cliche. But I only gave it a second thought just a couple of days ago while punching away on my keyboard.
"What if keeping this bird from flying makes it grow weak, falls sick and die?"
You know what? Some birds can be caged. But some birds are not meant to be caged. They got to fly.
"Your Money can be your bird!"
You so much want to keep it by all means. So, You tell yourself: What if I put this into some stocks it drops? or What if I start a business and it packs up - or I open up a restaurant and some peeps eat up and then run out through the window?
What?
But 99% of rich people whose stories I've read didn't just save up. They all grow their money through investment and business. Don't hold up on the money you need to invest. Release it and let it fly.
1. Take advantage of a 401K
If you earn $55,000 a year and you invest 7% into your 401k and your employer matches it with 50% of 7%. How much would it yield before $65? $1,030,399?
You should have a business
What if 500, more people go through this route. Then 1500 more people, then more 2500 people, her sales would also go up. A freaky simple logic - but it has the .... to make a million growth of your startup.
To make a millionaire you must reach a millioaire.
"Take a chance! All life is a chance. The man who goes furthest is generally the one who is willing to do and dare." - Dale Carnenie
What can networking do for you?
Let me tell you a story I heard from my childhood.
It's about the horse and a frog. The horse boasted of its strength and his ability to do it all alone, so he challenged the frog.
Then the frog asked Mr horse a question: What about 100 frogs? The horse answered: Oh yes, even a 100 of you can't beat a horse to a race.
Then the day came and the race was set: A single horse vs 100 frogs.
The whistle was blown and the angry horse raced past with lightning speed. But the frog had a strategy. As the horse was fast ahead, he quickly jumped into the bush.
The horse raced a .... more kilometers, and then there was the second frog a.... far kilometer ahead. Baffled, the horse looked back and there was no frog. Now angry, he sped again and raced past. Then the second frog also quickly jumped into the bush.
The angry horse sped and sped. And then there was the third frog a few kilometers far ahead. Now confused, he looked back again and there was no frog at the back. Then sped again and overtook the third frog. And then there was the forth frog.
Now annoyed, the horse galloped faster than ever. Alas, just before he could overtake the 49th frog, he had collapsed.
Here's the lesson: In the race of life, there are things you can not do alone. Sometimes, you can't always have all it takes to overcome the circumstances of life alone.
If you don't know Jack Ma or Alibaba, I guess you probably spend so much time under the Blue Grotto snacking your Doritos. But don't worry, I will tell you who he is:
He is .... word richest man and founder of the Alibaba Group - one of the biggest Ecommerce platform on earth.
But I took note of something when reading more on Alibaba story. See this:
- The first set of items listed on Alibaba were all bought by Jack and his own team, to bait more sellers to join. Not that they needed those stuff Tom!
- Alibaba was majorly unprofitable from 1998 to 2001
How on this freaky world did Jack Ma finally grow the "failed company" to worth more $40Billion?
Do Super Rich People Think Different?
I digged a bit into the life of some of the world richest peeps and how they all made their first millions.
What does It Take To Be Rich?
I would love to say Tuxedo, sparkling Blue Moon of Josephine or a pair sassy pair of Stuart weitzman's marilyn monroe. But you know "Some peeps would wear Tuxedo even if it means skipping launch and dinner for a millenium".
So, what do rich peeps have in common? In this post I'll show you 3 common traits I saw while studying the life story of some of the world most successful self made entrepreneurs?
1. The Mindset
If you are to get anything right in the world, then your believe about it must be right.Hey Tom, What do you mean?
If you believe you can't, the problem is not really that you won't, the problem is that you won't bother to do enough to make it work.
If you believe you can grow up a million dollar business, you won't quit before you make your first $100. You may struggle, wobble, but you won't give up.
3 Billion Dollar Business With Really Rough Start
AliBaba
Jack Ma wasn't a lucky guy who had everything he needed while growing up. Like a friend of mine would say: Jack probably wanted a silver spoon but life threw him a wooden spoon.
- He thought himself how to program on a computer and failed.
- Applied for the university 3 times and was rejected.
- He once had to settle for a measly $10 a month salary
Now, an average guy would probably call it a day, suck about his luck and accept what life's got to offer.
But Jack never did. He still went to pitch a top bank for $3000 loan to support Alibaba. He was again brutally turned down. Still he never stopped.
Today, Jack has grown Alibaba to $40Billion.
Globacom
If Jack Ma had a wooden spoon while growing up, then Mike Adenuga probably had a clay spoon.- Born to a school teacher father in a third world country - Nigeria
- Worked as a security guard to support his University education
Adenuga still believed he could grow a $.... telecom company. He started with string of small businesses. Today, Globacom alone is ....
AirBnB $25B
Brian Chesky and Joe Gebbia didn't start the journey sitting on the couch and singing Adam Craig's "It's all good!"- Thousands of dollars in credit debt
- The company was unprofitable for the first 2.5 years
I know a couple of peeps who would sell off those beds, spend those bucks on roasted corns, say bye, go look for a 'meaningful job - and throw the unlucky laptop into a trashcan.
But Brian and Joe never did. They believed in their dreams. The new company wasn't fetching them enough money to support themselves yet. So, they sold some cereals for side income.
Today, ..... is worth ....
"I'm fearless, I don't complain, even when horrible things happen to me, I go on" - Sofia Vergara
2. A Million Risk
"A bird at hand is worth a thousand on a tree"I grew up with that cliche. But I only gave it a second thought just a couple of days ago while punching away on my keyboard.
"What if keeping this bird from flying makes it grow weak, falls sick and die?"
You know what? Some birds can be caged. But some birds are not meant to be caged. They got to fly.
"Your Money can be your bird!"
You so much want to keep it by all means. So, You tell yourself: What if I put this into some stocks it drops? or What if I start a business and it packs up - or I open up a restaurant and some peeps eat up and then run out through the window?
What?
But 99% of rich people whose stories I've read didn't just save up. They all grow their money through investment and business. Don't hold up on the money you need to invest. Release it and let it fly.
1. Take advantage of a 401K
If you earn $55,000 a year and you invest 7% into your 401k and your employer matches it with 50% of 7%. How much would it yield before $65? $1,030,399?
You should have a business
What if 500, more people go through this route. Then 1500 more people, then more 2500 people, her sales would also go up. A freaky simple logic - but it has the .... to make a million growth of your startup.
To make a millionaire you must reach a millioaire.
"Take a chance! All life is a chance. The man who goes furthest is generally the one who is willing to do and dare." - Dale Carnenie
Power of Networking
What can networking do for you?
Let me tell you a story I heard from my childhood.
It's about the horse and a frog. The horse boasted of its strength and his ability to do it all alone, so he challenged the frog.
Then the frog asked Mr horse a question: What about 100 frogs? The horse answered: Oh yes, even a 100 of you can't beat a horse to a race.
Then the day came and the race was set: A single horse vs 100 frogs.
The whistle was blown and the angry horse raced past with lightning speed. But the frog had a strategy. As the horse was fast ahead, he quickly jumped into the bush.
The horse raced a .... more kilometers, and then there was the second frog a.... far kilometer ahead. Baffled, the horse looked back and there was no frog. Now angry, he sped again and raced past. Then the second frog also quickly jumped into the bush.
The angry horse sped and sped. And then there was the third frog a few kilometers far ahead. Now confused, he looked back again and there was no frog at the back. Then sped again and overtook the third frog. And then there was the forth frog.
Now annoyed, the horse galloped faster than ever. Alas, just before he could overtake the 49th frog, he had collapsed.
Here's the lesson: In the race of life, there are things you can not do alone. Sometimes, you can't always have all it takes to overcome the circumstances of life alone.
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