Dream about the solution (IV)
Wong Pow Long
Unit Trust Consultant ??Coach customer to growth kids education fund????and retirement fund??to million ringgit asset using ??proven portfolio system ???? FOUNDER ??+60125122151
Today, I will share the fourth way to become a millionaire. Be an entrepreneur!
Create a business and growth it. E.g. Restaurants which attract local which drop by regularly.
I have taken this idea from a documentary. In this documentary, they strip a millionaire and send him to a small town for 3 months. He was given a car and USD 200 to start. They document the entire process and create a video.
This millionaire was struggling in the early stage. With the cash on hand, he doesn't even have sufficient money to stay in the hotel and survive for 1 week. Instead of staying in the hotel, he sleeps inside his car.
He drives the car around the small town and searches for the opportunity. He slowly grew the cash on hand to USD 2000 by recycling old used truck tires. He brought the old tire which abandon in the field and resell it for a higher price.
Aside from the tires, he found out that the small town likes to eat "smoke beef ribs". He started a restaurant business and grew it. Instantly, the restaurant gets local attention and the business starts to grow.
At the end of month 3, the biz is valued at ~ USD 950k.
Do you learn something from the above story?