Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,149,935 members, 7,806,713 topics. Date: Tuesday, 23 April 2024 at 09:32 PM

How Old Were You When You Made Your First Million?, And How? - Business (29) - Nairaland

Nairaland Forum / Nairaland / General / Business / How Old Were You When You Made Your First Million?, And How? (296840 Views)

How Old Were You When You Made Your First Million And How? / What Business Gave You Your First Million In 2019 / How To Start An Online Store In Nigeria And Make Your First Million Naira (2) (3) (4)

(1) (2) (3) ... (26) (27) (28) (29) (30) (31) (32) ... (137) (Reply) (Go Down)

Re: How Old Were You When You Made Your First Million?, And How? by afm4ever(m): 12:58am On Nov 19, 2018
Raysolo:
Made my first million at 25,doing dropshipping of mobile phones from aliexpress,my biggest hurdle at first was how I could make payments and how i could get lots of clients.
please can you mentor me on this
Re: How Old Were You When You Made Your First Million?, And How? by justmykel(m): 12:59am On Nov 19, 2018
MrKong:
I'm going to make somebody a millionaire this night. If you have less than #10 in you account. Send me your account number accompanied with the screenshot of your balance sad

Pls sir, i have more than #10 but i need a financier for my welding course
Re: How Old Were You When You Made Your First Million?, And How? by afm4ever(m): 1:00am On Nov 19, 2018
realjidejamal:
26. From treasury bills.
please can you coach me on this
Re: How Old Were You When You Made Your First Million?, And How? by MrKong: 1:04am On Nov 19, 2018
Grupo:


Your profile shows that you are most active in jobs/vacancies section of this website. So, how am I expected to believe you are really into the businesses you typed up there?
Who cares what you believe oga? Lol

2 Likes

Re: How Old Were You When You Made Your First Million?, And How? by NaughtyNavami(f): 1:06am On Nov 19, 2018
Grupo:
Made my first million at the age of 26. That was last year.

Right now, I have earned more than $17, 000 through fiverr. Although I only have close to 4m in savings.

I don't even know what to do with the money.

Just dumping it in treasury bills until I have a reasonable business to do.

Boss man, please teach me. Am 20 years old. And I want to cash in through hard work. I swear am willing to work hard. Please mentor me.

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by iwriterng(m): 1:10am On Nov 19, 2018
22.

Made roughly 4million that year. (That was 2016 when dollar was crazy, made $5,000 in November and $5200 in December that year.)

It was all from amazon affiliate marketing.

I still do amazon affiliate marketing, and I have several sites now.

I’m worried I can’t get a regular job anymore, because I would be depressed to work for such little pay.

37 Likes 1 Share

Re: How Old Were You When You Made Your First Million?, And How? by justmykel(m): 1:13am On Nov 19, 2018
DDGN:

Send me your account number.
Sir, should i send mine as well?
Re: How Old Were You When You Made Your First Million?, And How? by 777chizzo: 1:15am On Nov 19, 2018
Oyerinde16:

I was into buying n selling of grains, then bought 1 bag of iron red beans in north for 10k+1k/to=avg 11-12k I sold for avg 14-15k there was no time I made less than 2k on a bag there were times I made 6k on a bag, after leaving pH, there was a time food price skyrocketed I could have made @avg 10k per bag if I was still there. I plan to start small again this year chat me up let's talk.
I AM ALSO LOOKING FOR ANGEL INVESTORS, YOU CAN REQUEST YOUR MONEY BACK AS FROM 1st OF FEB NEXT YEAR, I WILL CREATE A GROUP WHERE I WILL UPDATE DAILY/WEEKLY ON PROGRESS OF INVESTMENT AND MARKET APPRECIATION/ FLUCTUATIONS. AT ANYTIME YOU NEED YOUR MONEY I RETURN IT WITH WHATEVER HAS APPRECIATED ON IT, I AM READY TO PUT MY NYSC AND ALL ACADEMIC QUALIFICATIONS ALL INFO, SM AND GET ONE OF TWO FRIENDS TO STAND, ITS A LEGIT BIXZ AND BUILDING AN EMPIRE WITH MY INVESTORS IS A PRIORITY, IT WILL SERVE AS AN EXTRA SOURCE OF INCOME TO ALL INVESTORS. CHAT ME IF INTERESTED.


I'm interested
Re: How Old Were You When You Made Your First Million?, And How? by Fuhrerfran6(m): 1:18am On Nov 19, 2018
adeiza4u:
Yes, I once read about it here and fiverr but have not been able to join them in that I don't really know how they work.

How can I reach you?
Re: How Old Were You When You Made Your First Million?, And How? by NaughtyNavami(f): 1:22am On Nov 19, 2018
The10thMan:


Sent 10 books to you Sir.

Best regards.

Sir please can you also send me some of these financial books. I'll really appreciate it sir. God bless you.
Gmail is allimariam4@gmail.com
Re: How Old Were You When You Made Your First Million?, And How? by Prechila(f): 1:28am On Nov 19, 2018
realjidejamal:
26. From treasury bills.
I'll like to learn pls... Thank you
Re: How Old Were You When You Made Your First Million?, And How? by Prechila(f): 1:30am On Nov 19, 2018
iwriterng:
22.

Made roughly 4million that year. (That was 2016 when dollar was crazy, made $5,000 in November and $5200 in December that year.)

It was all from amazon affiliate marketing.

I still do amazon affiliate marketing, and I have several sites now.

I’m worried I can’t get a regular job anymore, because I would be depressed to work for such little pay.




I'll like to learn pls
Re: How Old Were You When You Made Your First Million?, And How? by alphatron(m): 1:30am On Nov 19, 2018
Is

3 Likes

Re: How Old Were You When You Made Your First Million?, And How? by Prechila(f): 1:32am On Nov 19, 2018
Grupo:
Made my first million at the age of 26. That was last year.

Right now, I have earned more than $17, 000 through fiverr. Although I only have close to 4m in savings.

I don't even know what to do with the money.

Just dumping it in treasury bills until I have a reasonable business to do.


Can u teach me?
Re: How Old Were You When You Made Your First Million?, And How? by nkhay(f): 1:35am On Nov 19, 2018
1:35am Whew!!

Awesome thread. Made sure read all. 1:19am

For the skilled guys who ain't sure if they're good enough, you can test your capability by going to Fiverr.com, search your niche keywords (2D, 3D, Autocad, Graphics design etc) look out for sellers who render these services, click their gigs and read the gig descriptions to see if you can do things listed on the description.

Some sellers have sample videos and images on their profile. Use this method to evaluate your skill level, get a freelance mentor and go conquer! (Mentor because Fiverr used to easier in the past)

22 Likes 3 Shares

Re: How Old Were You When You Made Your First Million?, And How? by NaughtyNavami(f): 1:51am On Nov 19, 2018
MrKong:
Who cares what you believe oga? Lol
Oga please show me the way. Am currently an undergraduate. I no won beg. Abeg.
Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 1:53am On Nov 19, 2018
The10thMan:
Was 26.

Graduated school in 2004. Then applied for various jobs. Any that was available. I needed seed capital for my dream. I recall trekking Trans Amadi in PH dropping CVs to companies. Many oil and gas servicing firms. I even went to Primary and Secondary Schools to look for teaching jobs. Come see shakara untop my 4.01 Second Class Upper. cheesy But I couldn't be bothered. I knew I needed to get a job first, then raise seed capital even if I wanted to start a business. Background was humble and family was just managing. Wrote various aptitude tests for banks like Intercontinental, other banks, Freisland, Diageo, LNG, etc. and another one with an Oil and Gas Agency. First Job was with a bank. Old Generation Bank still existing today. Got a job as a Banking Assistant Graduate Trainee. Went to Lagos for 1 month training and posted to the Eastern Part of Nigeria. While in the bank in 2007, the Oil and Gas Agency finally called. Their recruitment took super long. Left First Bank like crazy. Salary in the Bank was 59,000 back then. One of the lowest paying.

In my new job, housing allowance alone was back then was 1.6 Million annually. Salary about 200k monthly. Not to mention hazard, offshore, etc. allowances. I was 26. I recall I called up my friends in the bank and jokingly told them they are all small boys.. grin grin grin grin .Finances have never gone below 1 million naira. Savings alone with Work Staff Cooperative Society is multiple millions. ONE IMPORTANT THING IS I KEPT MY LIABILITIES AND EXPENSES LOW and still do. Never believed in the ''I need to upgrade so people know I have arrived'' mentality. Acquired 4 properties. 2 Lagos and 2 back home. Built first house in Lagos.Added two shops to the front section. Completed and rented all flats and shops out. I still live in a rented apartment.

However, money in the bank and dormant salary/income doesn't bring returns. Money is a messenger and money doesnt like being idle. You need to send it on good errands to bring more money, and the cycle continues. Also, there is time value of money and money depreciates. With all these at the back of my mind, I urgently needed to transfer a lot of my finances into assets that will generate income. This is still my biggest challenge today. I focused on greatly on developing my skills and myself professionally in my area of expertise. I eventually set up a Consulting Firm/Company in my area of expertise with freelance workers. I read a lot, pay for courses myself. Coupled with work sponsored courses. I love to read about wealth creation and financial intelligence. I have a crazy collection of over 20 books. Kiyosaki, Trump, etc. I love watching Grant Cardone, Tai Lopez etc. on Youtube at my spare time just for encouragement. My job is still there by Gods grace. Consulting firm is growing strong. Now Consult for both Upstream and Downstream Companies. Trying my best to brand the company with a good website, good band image etc. Currently, I have the desire to open a conglomerate to diversify to various sectors. Picture Dangote Group. Called up a lawyer for advice. I intend to go into a lot of business ventures. I needed daily revenue so currently planning to open a lounge/cafe/bar and plaza anywhere after Ajah Axis in Lagos. Searching for property currently. My Consulting brings money but you have to chase contracts and bids etc. Plus, contracts dont come easy. Also, price war between contractors drives down profit margins a lot. Need something with daily returns so thought I should open my own Lounge/Bar/Cafe with a small plaza for sharwama,asuun,nkwobi, fried potatoes etc.That is my next project. Also, intend to follow Grant Cardone's idea-''build multi-family dwelling housing instead of single units''. Intend to do this with the other land in Lagos.


ONE BIG MISTAKE I MADE WAS NOT LISTENING TO MY LATE MUM. She forces all her kids to learn a vocation/a skill regardless of how highly educated you are. Personally, she wanted me to learn welding. I felt I was too educated for it. Perhaps by now I would have been constructing Sky scrappers and handling huge projects with my current knowledge and exposure.

GRATEFUL

Posted a few diagrams to educate people in a glimpse.

I think you eventually turned out well despite not learning a skill. Really, you paid the dues and got rewarded at the right time.

About multifamily, you should join Biggerpockets real estate forum to learn multifamily investing from the pros. There is a whole lot of money to be made in multifamily real estate but many people still do fall into the ditch. You might need an IP changer like Hola extension to access biggerpockets tho (The site only accepts members from the US). I'm also following in your footsteps. I don't know if I can get to say hi on WhatsApp.

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by generationz(f): 2:00am On Nov 19, 2018
oloyolo:
19 although am broke asf right now, am 23.

mine was multiple millions I made it from bitcoin, software and domain names.

one guy from nairaland here introduced me to bitcoin back then (for free ) he was giving one eBook like that.

I learned a few thing from his book,but being the mad man that I was, I discovered a way to tipple my result and boom I was raking in bitcoin like craze.

then I hooked up with this Chinese girl on Facebook we started swaping ideas before you know it I had about 20 bitcoin. at then one bitcoin was about 200$ then some crazy sh** happend bitcoin went from 200$ to about 1000$.

I cashed out. dude, I was fucking rich. but as you already know 19years and millions are not a healthy combination.

I basically thought I was the next bill gate. it funny how success leads to success then to more success, then to a huge failure. me and my best friends, we were living lavish.

again some one from this same nairaland sold an eBook about domain name buying and selling to me.

I started trying to buy domain name, but wasn't making much (like 500$ per month) 500$ didn't mean much to me back then.

then I stumbled upon this white guy, he was also a domain name trader, he was teaching people how to buy and sell domain and software on flippa. although his course was expensive about 800$ I bought it, then I also bought a 1000$ course on digital marketing. after the taking those courses I lunched out on my own, I bought a bunch of domain names and about 4 softwares.

most of the domain name didn't sell well some didn't sell atall but 3 sold for a wopping some of 15000$ combined.

it is funny how lots of people say money can't change them I was one of those guys. but trust me after this second win, I was sure I was going to be up there with mark zuckarburg some day.

then something crazy happened, one of my 4 software gained like 3million active users. turned out the original owner of the software was from isereal, and his research was on point, isreali market really needed the software, but the guy was marketing and trying to monitize it the wrong way.

by accident I got it just right the software began marketing it self and before you know it a giant iseareli company asked me to sell it to them.

being young and dumb I didn't know how to monitize it so when I saw who was willing to pay, bam I sold it. I made a mistake though, I should have let them name a price or at least named an unrealistic price but silly me I asked for what I thought was a fair price 100000$.

they did what every good business men would do they bargained for a lower price 70k$.

I agreed bam this time even GOD couldn't stop me I was mega rich.

but like what my mentors always say when there is to much supply of money, it begins to flow to unnecessary places. I blew all the money, although most were on other ventures that later failed.

yea I spent good money on lavish lifestyle , but I wasn't that stupid, most of my money actually went into other businesses and investment but I was young and stupid so I paid for it .

I walked away with lot of experiential knowledge. at this point in my life I am trying to gain momentum again and GOD know that when I do, I'm never stopping, I'm not saying I have learned everything there is to learn, I'm saying that i have learned to do less stupid things than most people and I still think am going to be up there with the big boys although I don't want to be famous like them I don't want to be on any list.


quite interesting how you gave details

but I'm curious , why haven't you gone back into buying and selling of cryptocurrency ? its still a good business a lot of people are learning about it daily?


also the domain name buying and selling?
Re: How Old Were You When You Made Your First Million?, And How? by Obidikejr(m): 2:01am On Nov 19, 2018
Fuhrerfran6:


How can I reach you?
0.7.0.1.4368896 WhatsApp. I'd be glad.
Re: How Old Were You When You Made Your First Million?, And How? by lovemeohlord(m): 2:06am On Nov 19, 2018
faorex:
Inspiring thread I must say.

I read all through the pages, but can anyone help me and suggest what I can start doing as part time job(preferably online), offline too is good.

PS: I'm an architecture student 300lvl. I've knowledge in handling 3d softwares and 2d software Like Sketch up, vray, AutoCAD. And I also know Corel draw.

I somehow feel the knowledge isn't enough since the jobs are coming through. So someone who can mentor or tutor me should please quote me.


Am also in architecture freelancing on Fiverr and Upwork
message @07036254852 WhatsApp no
Re: How Old Were You When You Made Your First Million?, And How? by Bobbybenard(m): 2:08am On Nov 19, 2018
Dc4life:
I was slightly above 21 when I made my first million from side hustles & trading bitcoins and Giftcards . God bless @Justi4Jesu who contacted me and added me to her WhatsApp Ecurrency group. Everything changed so fast after that, Met lots of great people on there.. I’m on the way to my 10th milli lol.. Glory be to God

P/S First 1 million is always the hardest to earn and keep, the rest millions are the easiest wink
pls bro be my tutor. I've been trying to learn this for long. I sent you a pm
Re: How Old Were You When You Made Your First Million?, And How? by generationz(f): 2:16am On Nov 19, 2018
Bestchisom:
Everyday I pray God should drop an idea or ideas in my head..... I know the opportunities are there but I need my eyes of understanding to be opened.. .. I really want to work for myself...

open your eyes

nairaland investments and business section has many opportunities

5 Likes

Re: How Old Were You When You Made Your First Million?, And How? by dgbanj: 2:17am On Nov 19, 2018
smh

1 Like 2 Shares

Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 2:19am On Nov 19, 2018
MrKong:
I'm going to make somebody a millionaire this night. If you have less than #10 in you account. Send me your account number accompanied with the screenshot of your balance sad
Re: How Old Were You When You Made Your First Million?, And How? by generationz(f): 2:22am On Nov 19, 2018
Meklex:
are you kidding me? Graphics and programming are the bigger picture.

I just dey look the guy

he has three goldmines ( web and graphics , dads business, nairalanders investment section) before him and can't evem use one

I didn't know whether to quote him and advice or just to move on.

some people when you advice them won't even heed to it because they can't think outta the box

4 Likes

Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 2:28am On Nov 19, 2018
The10thMan:


Sent 10 books to you Sir.

Best regards.
Please I need the books also
Re: How Old Were You When You Made Your First Million?, And How? by moneyadulttube: 2:28am On Nov 19, 2018
I made mine at 27 with adult tube websites and affiliate offers. Check my signature if interested.

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 2:33am On Nov 19, 2018
kehindetokode:
]I'm going to make somebody a millionaire this night. If you have less than #10 in you account. Send me your account number accompanied with the screenshot of your balance

Thank you
Re: How Old Were You When You Made Your First Million?, And How? by edictng: 2:43am On Nov 19, 2018
angry 20 No big deal made my first 10m frm crypto.

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 2:47am On Nov 19, 2018
MrKong:
Somebody that know me outside nairaland mentioned me in the confinement of a thread and reason something with me which I think he's right about. Therefore I've decided to not do so again through his own suggestion not to throw a million at someone who wouldn't know how hard it is to make it. To those who went and edit their bank statement, una well done. If you put that effort in something productive I'm sure you'll come sing here by first quarter of next year.

Blessed are those who know the path and follow it - Mrkong
Re: How Old Were You When You Made Your First Million?, And How? by EzekielMab(m): 2:52am On Nov 19, 2018
awelekiti:
Amazing thread...away from politics and sports. Wow! With what I've read so far, I've got no doubts in my mind that nigeria would be ok in a few years to come as predicted. But why did buhari call our youths lazy? He needs to be arrested and prosecuted, seriously.

I made my first millions selling latex to the oil and gas sector at the age of 31. I just woke up one day, thought of what to do to make some money as I was tired of saying 'yes sir' to my employers. I've been making millions working for them but I needed to start making same, working for myself. I started with a proposal to their headquarters in lagos. I was asked to drop samples which I did, then the rest was history. I expanded the supply to pharmacy stores nationwide. As the business was threatened by nafdac on registration with politics from above by somebody who showed interest, I was pulling back gradually. I later entered the health sector with the sale of medical consumables and later major medical equipment from CT to USS, Digital X-ray, equipping hospitals, etc. I became famous in less than 10 years of doing business and recognised by the USA president. I had dined and wined with world leaders, including Barak Obama. I'm meeting Tony Blair in a global entrepreneurs' gathering soon in Washington DC.

Right now, we're planning to start manufacturing of medical equipment , the first of its kind on the African soil. It's a multi million dollar project. The facility constriction is already ongoing , somewhere in ogun state. I wish all the vibrant and upcoming entrepreneurs on this thread the very best. Believe in yourself, trust in God and the rest would be history. God bless Nigeria.


This is mind blowing..

I'm wowed....

(1) (2) (3) ... (26) (27) (28) (29) (30) (31) (32) ... (137) (Reply)

Bank Accounts And People You Don't Wanna Send Money To - Part 1 / How To Buy In 1688.com Chinese Store To Nigeria Yourself Without Agents Help / Forex Trading - Season 14

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 67
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.