Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,047 members, 7,807,150 topics. Date: Wednesday, 24 April 2024 at 10:19 AM

How Old Were You When You Made Your First Million?, And How? - Business (100) - Nairaland

Nairaland Forum / Nairaland / General / Business / How Old Were You When You Made Your First Million?, And How? (296879 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) ... (97) (98) (99) (100) (101) (102) (103) ... (137) (Reply) (Go Down)

Re: How Old Were You When You Made Your First Million?, And How? by einsteine(m): 5:41am On Feb 26, 2019
Iykesmooth:


Who told you that?

Are you familiar will the app meta trader 4?

That is the most used forex trading app ever and the charts are the same

The only difference is that you can't withdraw your winnings from a demo but they only have one chart for both demo and real account


Try it. Log into a real account. Look at the chart of any trade and then log into a demo. You would realize it's the same thing

If it was fake then why do you think every forex tip recommends you start with a demo?

That's because they are teaching you to get familiar will the market without actually losing real money

If demo is fake then forex would be illegal cos that's bait fraud


Oga it is different.

You think there isn't a difference between using pretend money to trade and actual money? When trading demo you make a lot of decisions without fearing the possibility of loss but when trading a real account the possibility of loss is real.

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by kdfinest(m): 8:03am On Feb 26, 2019
Damentia:
Most of the guys forming millionaire here can not even boast of a 100k if asked to tender their account statements.... as for me I made my millions from selling choice plots of lands at different locations within my state,later on I got into mini import biz and started importing mobile phones both new and fairly used from China and USA...a lot of the ideas on nairaland business section really helped me,afterwards I bought some online manuals about how to sell on Amazon as a non US resident,without wasting time I gave it a try,I was selling different kinds of tech products,I get this products from sellers from alibaba in China.And with this business of selling on Amazon I was able to earn about 3 million naira in the first 3 months.

.
Bro, help put me through...
Re: How Old Were You When You Made Your First Million?, And How? by kdfinest(m): 8:14am On Feb 26, 2019
HeliosHay:

Made my first million aged 25 - Now I make more than twice that amount every month in the form of royalties from my Amazon Publishing business. No empty claims (proof attached)
wow, impressive... More details on amazon pls, make u put me through na...
Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 8:19am On Feb 26, 2019
kdfinest:

Bro, help put me through...
WhatsApp me
Re: How Old Were You When You Made Your First Million?, And How? by kdfinest(m): 8:30am On Feb 26, 2019
Damentia:
WhatsApp me
make i message you on FB because i cant whatsapp you now due to my faulty phone, is that ok with you if i send you my FB name?
Re: How Old Were You When You Made Your First Million?, And How? by Iykesmooth: 9:41am On Feb 26, 2019
einsteine:



Oga it is different.

You think there isn't a difference between using pretend money to trade and actual money? When trading demo you make a lot of decisions without fearing the possibility of loss but when trading a real account the possibility of loss is real.
If that's what you mean then that depends on the individuals mindset but my strategy of trading does not give room for me to let my emotions cloud my judgements

I only trade when the odds are in my favor. When the price point is very close to a support and resistance point. So my losses are very little while my winnings are bigger.

You would understand my point if you trade forex yourself. I'm not just a random trader. Been trying everything for the past 1 year but it wasn't until 3 months ago I finally understood how one should trade.

That's why I have consistently turned in profit every month for the past 3 months. I trade when the odds are in my favour

If only it wasn't a demo I wouldn't be in a financial crisis right now

2 Likes

Re: How Old Were You When You Made Your First Million?, And How? by Noblepreneur: 4:58pm On Feb 26, 2019
HeliosHay:


Yeah. It's Kindle Publishing

The first 3 screenshots is my royalties from audiobooks. The last screenshot is royalties from ebook and paperbacks combined
How do you receive your payment?
Re: How Old Were You When You Made Your First Million?, And How? by HeliosHay(m): 1:23am On Feb 27, 2019
Noblepreneur:
How do you receive your payment?
direct debit

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by Arisheloaded(m): 1:35am On Feb 27, 2019
Bulk of the writers on this thread were not reachable or decided not to reply chats. Mine won't disturb yours and yours won't disturb mine, please put me through legit ways of money making even if I'll pay for it. I can be reached on 08184355474 (WhatsApp) or cryptopeach1@gmail.com

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by BamideleIyanu89: 2:03pm On Feb 27, 2019
Quorax:
my friend makes millions from Adsense but his method is risky and capital intensive.


Bro please can I have your whatsapp number
Re: How Old Were You When You Made Your First Million?, And How? by Jewingle(m): 12:12am On Feb 28, 2019
Damentia:
Most of the guys forming millionaire here can not even boast of a 100k if asked to tender their account statements.... as for me I made my millions from selling choice plots of lands at different locations within my state,later on I got into mini import biz and started importing mobile phones both new and fairly used from China and USA...a lot of the ideas on nairaland business section really helped me,afterwards I bought some online manuals about how to sell on Amazon as a non US resident,without wasting time I gave it a try,I was selling different kinds of tech products,I get this products from sellers from alibaba in China.And with this business of selling on Amazon I was able to earn about 3 million naira in the first 3 months.

.
please bro send me the manual on selling on amazon. Email is jerryeleb@gmail.com
Re: How Old Were You When You Made Your First Million?, And How? by TAIS: 2:06am On Feb 28, 2019
Get your Company registered today with CAC.
Register your Business name,Limited liability company,church,mosque,NGOs, Society
and clubs with Corporate Affairs Commission (CAC) of Nigeria with
Accredited professional and get your certificate in ONE WEEK and we deliver to any location of your choice @ affordable price.
Business name- N9,500 (N12,500 seven working days express)
Limited Liability Company- N58,000 (seven working days)
Incorporated Trustee (NGOs) - N110,000
Call or Whatsapp 07032628962
Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 7:01am On Feb 28, 2019
Jewingle:
please bro send me the manual on selling on amazon. Email is jerryeleb@gmail.com
WhatsApp me,contact on my signature
Re: How Old Were You When You Made Your First Million?, And How? by humbleme99(f): 6:36pm On Mar 02, 2019
As for me, mine was through freelancing last year. One of the best years in my freelance journey. Reason: I learnt from the guys on top and perfected my game. But writing isn't easy Sha...

6 Likes

Re: How Old Were You When You Made Your First Million?, And How? by persinpapa: 5:28am On Mar 03, 2019
Damentia:
Most of the guys forming millionaire here can not even boast of a 100k if asked to tender their account statements.... as for me I made my millions from selling choice plots of lands at different locations within my state,later on I got into mini import biz and started importing mobile phones both new and fairly used from China and USA...a lot of the ideas on nairaland business section really helped me,afterwards I bought some online manuals about how to sell on Amazon as a non US resident,without wasting time I gave it a try,I was selling different kinds of tech products,I get this products from sellers from alibaba in China.And with this business of selling on Amazon I was able to earn about 3 million naira in the first 3 months.

.
Please i need one too
Yusufkazim015@gmail.com
Re: How Old Were You When You Made Your First Million?, And How? by persinpapa: 5:32am On Mar 03, 2019
patsygirl:
Mine was unbelievable as i never imagined making so much through such a business. A friend pestered me into it and i reluctanly gave it a try.
She was into dietry supplements and was actually making so much because she had worked in the bank and had a large client base. Being an introvert. i told her i could not do it because i dont even know whom to market them to. She told me the the products were in high demand and that people are actually looking for the products to buy. I didn't believe her still untill the pestering became so much and i decided to buy a few and try.
Since i wasnt good at talking to people, i decided to go online. I tried facebook group adds but it was a futile attempt. I didnt give up because my money was at stake. I proceeded to jiji and began to post adds and behold the next day my phone started ringing like no man's business. I realized that theses products are actually high in demand and each person that calls is actually asking for at least three products at a time because they go together. The profit margin on each of these products is up to two thousand naira and so for each purchase or order you you are are making a profit of at least six thousand naira in the the comfort of your room. These calls roll in on a daily basis and and i visit the transport company i use almost every day to send to my clients. I have even upgraded to using courier service.
I owe my friend a lot for not giving up on me knowing she was only trying to help me.
I have tried a lot of business but non has paid me this much. Now i know that health products sell themselves.
I'm nice to my customers though but i discovered that even when you are not readily available to attend to them, they are very patient because they need the products like crazy.
Please i need you to mentor me.
We can work together..
Please call me.
08060099426.
Yusufkazim015@gmail.com
Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 8:04am On Mar 03, 2019
persinpapa:

Please i need one too
Yusufkazim015@gmail.com
WhatsApp me
Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 8:16am On Mar 03, 2019
pricy007:
24 via Crypto business
Where you into trading. Or you hodl?

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by persinpapa: 11:50pm On Mar 09, 2019
TIME AND CHANCE HAPPEN TO US ALL
Reasons you should consider investing in ibeju-lekki.

Ibeju-lekki will soon be the dubai of lagos state in no time.
Ŕeasons you should consider investing in ibeju-lekki
THE NEW multi billion Naira Lekki-Epe International Airport
2. New Sea Port
3. Dangote Refinery
4. Free Trade Zone
5. New Shoprite
6. Pan Atlantic University
7. 4th Mainland Bridge
8. Access to luxury resorts such as; La Campagne Tropicana Beach Resort, Eleko beach and Other beautiful Beach.
9. Major Industries (Eleganza Industrial City, Coscharis HQ, New Computer Village and so much more).
10. Fastest Growing region in Nigeria.
11. Property will more than triple in appreciation within the next 2 years.
12. Free from omo onile and gov acquisition.
13. Neighbours to lots of estates, such as; Oakwood garden Estate phase 2 Ibeju Lekki (Global C of O), Oakwood Park Phase 2, Mayfair Gardens, Oakwood Gardens, Lekki Villa and so much more.

Reasons why you should buy into our Estates in Ibeju Lekki, Lagos Nigeria.

Here are some essential details about Dangote refinery you may find very interesting and may instigate you to invest within Ibeju Lekki;

The project site is larger than Victoria Island.

It is located on 2,135Hectares of land in Ibeju Lekki, Lagos near Lekki Free Trade Zone.

It is the largest industrial complex in Africa.

It is the largest single-train, grassroot refinery in the world with a processing capacity of 650,000BPD.
land for sale

The construction project will give employment to over 25,000 Nigerians.

This project will restore the dignity of Nigeria, a crude producing country that for years go abroad to meet its demand for refined products.

The United States Trade and Development Agency is supporting this project with $997 million.

The refinery and fertilizer projects of Dangote Industries Limited is expected to create a minimum of 235,000 new jobs, both direct and indirect jobs, as it becomes operational in the first quarter of 2019.

When the projects fully take off in 2019, Dangote said it will help the country save $5 billion spent on the importation of oil into the country.

These and many more are happening here in Ibeju Lekki Lagos Nigeria.

GET A PLOT OF LAND FOR 3 MILLION NAIRA
PLEASE CONTACT US ON 08060099426.
(Modify) (Quote) (Report) (Share)
Re: How Old Were You When You Made Your First Million?, And How? by Xcore91: 10:41am On Mar 11, 2019
shegzy2009:
Pls kindly send me the fiverr material. Thank you.

olusegunisola2009@gmail.com

Please do you still have that Fiverr material
Re: How Old Were You When You Made Your First Million?, And How? by shegzy2009: 1:06pm On Mar 11, 2019
Xcore91:


Please do you still have that Fiverr material
No
Re: How Old Were You When You Made Your First Million?, And How? by Nyxx123: 3:37pm On Mar 11, 2019
[Sir, I read this and am totally awed by your story, I saw you emphasized on financial intelligence, pls can you help me with the soft copies of these books. This is my email : onichee1@gmail.com. thank you
author=The10thMan post=73085566]I Was 26.

Graduated school in 2004. Just before graduation, my mother had advised/suggested that I learn a vocation. ''Handwork'' as she calls it. But for reasons I cannot recall, I did not. A resourceful woman that she is. She knew that a craft or skill could always put food on the table when the chips are down with respect to a graduate's certificate. During NYSC, I taught in a remote village and learnt French. With respect to entrepreneurship, I only thought of buying cheap food stuff and sending to my home state. But I never pulled this through. Eventually, (both during and after NYSC) I choose to apply for various jobs. Any that was available. I needed seed capital for my dream. I recall trekking Trans Amadi Industrial Area in PH dropping CVs to companies. Many oil and gas servicing firms were there. Out of desperation,I even went to Primary and Secondary Schools to look for teaching jobs. Come see their 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 test with an Oil and Gas Agency. The first job I landed 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 was 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/dumped the bank like crazy. Resigned without thinking twice. Salary in the Bank was 59,000 monthly back then. One of the lowest paying.

In my new job, housing allowance 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. Teasing them and telling them how if I wanted to I could buy a car every year. By God's grace, Finances have never gone below 1 million naira. Savings alone with Work Staff Cooperative Society is multiple millions. ONE IMPORTANT THING IS I KEEP MY LIABILITIES AND EXPENSES LOW and still do. Never believed in the ''I need to upgrade so people know I have arrived'' mentality. I dont need any man or fine girl to see me as ''A Big Boy''. I successively 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. It is cheaper for me to stay there than in my house.

Eventually, those with financial intelligence know that, money in the bank and dormant salary/income doesn't bring returns. Money is a messenger and money doesn't 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. How to identify good investment opportunities. Additionally, as Warren Buffet said If you don't find a way to make money while you sleep, you will work until you die. . There was need to invest in passive income businesses.

I have focused greatly on developing my skills and developing myself professionally in my area of expertise/discipline. I eventually set up a Consulting Firm/Company in my area of expertise with freelance workers. I read a lot, pay for courses myself. I do not always wait for my organisation to train me. All these coupled with work sponsored courses ensured I knew my onions in my field. I love to read about wealth creation and financial intelligence. I have a crazy collection of over 20 books. Kiyosaki, Trump, Napoleon Hill, etc. and 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 and I am rising through the ranks. 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 brand image, modernized logo, 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. Recently, I realized that needed daily revenue. No need to wait till end of month for pay or wait till companies pay for contracts executed. Some companies can owe you for ages on completed jobs. 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. So, currently planning to open a Mini Plaza with a lounge anywhere after Ajah Axis in Lagos. Searching for property currently. Need something with daily returns so the idea that I should open my own Lounge/Bar/Cafe with a small plaza for sharwama,asuun,nkwobi, fried potatoes etc.I have always pictured myself closing from work and going to handle my business at the Lounge. Watch customers eat, drink, chat, laugh and merry. That is my next project. Also, intend to follow Grant Cardone's idea-''build multi-family dwelling housing in a property instead of a single family unit''. So picture 1 bedroom self-cons instead of a gigantic big duplex. With the multi dwelling units you are sure of some rent. Intend to do this with the other land in Lagos.


ONE BIG MISTAKE I MADE WAS NOT LISTENING TO MY LATE MUM. Like I hinted, she practically forces all her kids to learn a vocation/a skill regardless of how highly educated you are.All my sisters can sew, cook, bake, make soap, grill fish etc. Personally, she wanted me to learn Welding and Fabrication. Perhaps, I felt I was too educated for it or something, but I never did. Perhaps by now I would have been constructing Sky scrappers and handling huge projects with my current knowledge and exposure.

Taken liberty to post a few diagrams to educate people in a glimpse about financial intelligence. How the rich use income to create assets that generate more income. And how the poor use income to create liabilities that keeps them poor. The poor spend money on liabilities. To them that is ''enjoying'' life. The rich spend on assets. These assets are GOODS,SERVICES, PROCESSES that can solve human/society's problems. In Economics, this is called UTILITY or VALUE. Utility can be TIME UTILITY (You help people save time), and/or FORM UTILITY (You produce something in a way people want it) and/or PLACE UTILITY (You bring something closer to people so they easily reach it). Humans naturally want value and so they take decisions on any thing that will give them least risk, least effort, cost them less time and highest value/less money. The wealthy and wealth creators realize this and do not really focus on the money but focus on solving problems (creating utility) which people are willing to pay them money for. The rich get seed capital, invest it to create wealth. The poor/managing get seed capital and buy liabilities that even put them into more debt.

THE WHOLE WORLD NEEDS FINANCIAL INTELLIGENCE AND THE PRINCIPLES OF FINANCIAL INTELLIGENCE SHOULD BE TAUGHT IN SCHOOLS.

All in All I am GRATEFUL.[/quote]

9 Likes

Re: How Old Were You When You Made Your First Million?, And How? by Suleletul: 5:22pm On Mar 19, 2019
When you start your business, just then you realise how hard it is to reach your targets. There is so many issues that sometimes you think that maybe you are in the wrong business and need to cut losses and move on. As long as you don’t give up there is a change to reach that first million

2 Likes 1 Share

Re: How Old Were You When You Made Your First Million?, And How? by pricy007(m): 3:05pm On Mar 20, 2019
IamZod:

Where you into trading. Or you hodl?
sorry for replying your mention late bro.. I'm into both trade and hodl

2 Likes

Re: How Old Were You When You Made Your First Million?, And How? by Danirose007(m): 6:50am On Mar 21, 2019
Nyxx123:
[Sir, I read this and am totally awed by your story, I saw you emphasized on financial intelligence, pls can you help me with the soft copies of these books. This is my email : onichee1@gmail.com. thank you
author=The10thMan post=73085566]I Was 26.

Graduated school in 2004. Just before graduation, my mother had advised/suggested that I learn a vocation. ''Handwork'' as she calls it. But for reasons I cannot recall, I did not. A resourceful woman that she is. She knew that a craft or skill could always put food on the table when the chips are down with respect to a graduate's certificate. During NYSC, I taught in a remote village and learnt French. With respect to entrepreneurship, I only thought of buying cheap food stuff and sending to my home state. But I never pulled this through. Eventually, (both during and after NYSC) I choose to apply for various jobs. Any that was available. I needed seed capital for my dream. I recall trekking Trans Amadi Industrial Area in PH dropping CVs to companies. Many oil and gas servicing firms were there. Out of desperation,I even went to Primary and Secondary Schools to look for teaching jobs. Come see their 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 test with an Oil and Gas Agency. The first job I landed 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 was 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/dumped the bank like crazy. Resigned without thinking twice. Salary in the Bank was 59,000 monthly back then. One of the lowest paying.

In my new job, housing allowance 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. Teasing them and telling them how if I wanted to I could buy a car every year. By God's grace, Finances have never gone below 1 million naira. Savings alone with Work Staff Cooperative Society is multiple millions. ONE IMPORTANT THING IS I KEEP MY LIABILITIES AND EXPENSES LOW and still do. Never believed in the ''I need to upgrade so people know I have arrived'' mentality. I dont need any man or fine girl to see me as ''A Big Boy''. I successively 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. It is cheaper for me to stay there than in my house.

Eventually, those with financial intelligence know that, money in the bank and dormant salary/income doesn't bring returns. Money is a messenger and money doesn't 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. How to identify good investment opportunities. Additionally, as Warren Buffet said If you don't find a way to make money while you sleep, you will work until you die. . There was need to invest in passive income businesses.

I have focused greatly on developing my skills and developing myself professionally in my area of expertise/discipline. I eventually set up a Consulting Firm/Company in my area of expertise with freelance workers. I read a lot, pay for courses myself. I do not always wait for my organisation to train me. All these coupled with work sponsored courses ensured I knew my onions in my field. I love to read about wealth creation and financial intelligence. I have a crazy collection of over 20 books. Kiyosaki, Trump, Napoleon Hill, etc. and 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 and I am rising through the ranks. 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 brand image, modernized logo, 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. Recently, I realized that needed daily revenue. No need to wait till end of month for pay or wait till companies pay for contracts executed. Some companies can owe you for ages on completed jobs. 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. So, currently planning to open a Mini Plaza with a lounge anywhere after Ajah Axis in Lagos. Searching for property currently. Need something with daily returns so the idea that I should open my own Lounge/Bar/Cafe with a small plaza for sharwama,asuun,nkwobi, fried potatoes etc.I have always pictured myself closing from work and going to handle my business at the Lounge. Watch customers eat, drink, chat, laugh and merry. That is my next project. Also, intend to follow Grant Cardone's idea-''build multi-family dwelling housing in a property instead of a single family unit''. So picture 1 bedroom self-cons instead of a gigantic big duplex. With the multi dwelling units you are sure of some rent. Intend to do this with the other land in Lagos.


ONE BIG MISTAKE I MADE WAS NOT LISTENING TO MY LATE MUM. Like I hinted, she practically forces all her kids to learn a vocation/a skill regardless of how highly educated you are.All my sisters can sew, cook, bake, make soap, grill fish etc. Personally, she wanted me to learn Welding and Fabrication. Perhaps, I felt I was too educated for it or something, but I never did. Perhaps by now I would have been constructing Sky scrappers and handling huge projects with my current knowledge and exposure.

Taken liberty to post a few diagrams to educate people in a glimpse about financial intelligence. How the rich use income to create assets that generate more income. And how the poor use income to create liabilities that keeps them poor. The poor spend money on liabilities. To them that is ''enjoying'' life. The rich spend on assets. These assets are GOODS,SERVICES, PROCESSES that can solve human/society's problems. In Economics, this is called UTILITY or VALUE. Utility can be TIME UTILITY (You help people save time), and/or FORM UTILITY (You produce something in a way people want it) and/or PLACE UTILITY (You bring something closer to people so they easily reach it). Humans naturally want value and so they take decisions on any thing that will give them least risk, least effort, cost them less time and highest value/less money. The wealthy and wealth creators realize this and do not really focus on the money but focus on solving problems (creating utility) which people are willing to pay them money for. The rich get seed capital, invest it to create wealth. The poor/managing get seed capital and buy liabilities that even put them into more debt.

THE WHOLE WORLD NEEDS FINANCIAL INTELLIGENCE AND THE PRINCIPLES OF FINANCIAL INTELLIGENCE SHOULD BE TAUGHT IN SCHOOLS.

All in All I am GRATEFUL.
Boss
Re: How Old Were You When You Made Your First Million?, And How? by chrisseun(m): 6:51am On Apr 01, 2019
Mariangeles:
If you're interested in mini exportation, mention me with your number smiley
Hello.. +2348124742014
Re: How Old Were You When You Made Your First Million?, And How? by Heryormilekan(m): 11:24pm On Apr 04, 2019
thanks
Re: How Old Were You When You Made Your First Million?, And How? by Heryormilekan(m): 11:29pm On Apr 04, 2019
.
Re: How Old Were You When You Made Your First Million?, And How? by izutex007(m): 2:59am On Apr 08, 2019
Viking007:
Seems the average age is between 24-26yrs. I made mine at 26, well, it was via gambling, plus little importation business(laptops) and domain flipping. The funny thing is I learnt everything from Nairaland.

Good pm sir, I sent you a PM
Re: How Old Were You When You Made Your First Million?, And How? by Henrique99: 8:55am On Apr 08, 2019
Damentia:
Most of the guys forming millionaire here can not even boast of a 100k if asked to tender their account statements.... as for me I made my millions from selling choice plots of lands at different locations within my state,later on I got into mini import biz and started importing mobile phones both new and fairly used from China and USA...a lot of the ideas on nairaland business section really helped me,afterwards I bought some online manuals about how to sell on Amazon as a non US resident,without wasting time I gave it a try,I was selling different kinds of tech products,I get this products from sellers from alibaba in China.And with this business of selling on Amazon I was able to earn about 3 million naira in the first 3 months.

.
Good morning sir, please help me with the guide on how to sell on amazon
Re: How Old Were You When You Made Your First Million?, And How? by Quorax: 10:59am On Apr 08, 2019
Damentia:
Most of the guys forming millionaire here can not even boast of a 100k if asked to tender their account statements.... as for me I made my millions from selling choice plots of lands at different locations within my state,later on I got into mini import biz and started importing mobile phones both new and fairly used from China and USA...a lot of the ideas on nairaland business section really helped me,afterwards I bought some online manuals about how to sell on Amazon as a non US resident,without wasting time I gave it a try,I was selling different kinds of tech products,I get this products from sellers from alibaba in China.And with this business of selling on Amazon I was able to earn about 3 million naira in the first 3 months.

.

You didn't have to attack people to make your comments. Some people don't have money in cash but in assets. I for one have as much as millions in asset but not cash.



You came off as being too proud... Just drop your comments next time without attacking other people Just because you want to steal spotlight.

3 Likes 2 Shares

(1) (2) (3) ... (97) (98) (99) (100) (101) (102) (103) ... (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. 101
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.