RAGS TO RICHES
Category: Entrepreneurship | Date: 2002-05-09 |
How I Started My Small Business With $1,000 At Age 25 And Retired Young And Rich 15 Years Later At Age 40.
Hi. My name is Nina D’Angelo and I am a book publisher.
The headline refers to author John J.O’Callaghan. John had to leave school at age 14 and get a job. From age 14-24 he worked hard in ten different jobs without making much money. His 11th job was selling ads on commission only.
As John says, I thought selling was a last resort--something you did when you have no special talent and you have failed at just about everything else. After failing in ten different jobs I didn’t think I had too many options left. To my amazement I loved selling and became very good at it. But I wanted to be my own boss and a year later at age 25, I left the selling job to start my own small business. In due course I started six more small businesses, built them up, sold them and retired rich at age 40.
I don’t say this in any boastful way, but mine is an amazing poor-boy-goes-from-rags-to-riches’ story. I’m even richer now than I was when I retired at 40. I drive an XJ6 Jaguar.
I paid over $50,000 cash for it. I live in a large luxury home.
It has a heated swimming pool and a boat dock. It’s located directly on a mangrove-fringed salt water lagoon on a barrier reef on Siesta Key, Sarasota, Florida. It’s a tiny bit of paradise.
The house is worth $750,000 and there is no mortgage. That’s my winter home. In summer, when we are not vacationing overseas, my wife and I stay in our luxury penthouse apartment in Bloomington,
When I was young I had no specific goal. I drifted. After ten years hard slog as an employee, all I had managed to save was $200. I also owned a fine set of engineering tools, a $3 Ingersol watch with a black face and luminous hands, a few cheap clothes and a bicycle! What Joe Karbo said is true--‘Most people are too busy trying to make a living to make any money.’
I wanted to get married. I dreamed of owning a large house and a white Mercedes. I also dreamed of being able to buy a house for my parents. Then I met a rich mentor. He taught me things that changed my life and showed me a simple way to make all my dreams materialize.
"Three years later I could afford to get married, buy the big house
and the white Mercedes. When I sold my first business I had enough money to also buy a new house for my parents. That was one of my happiest moments. It made my hard work worthwhile.
While material possessions such as money, houses and motor cars are all very important motivators, they are as nothing compared to the driving force of a deep-seated emotional need.
I hated being poor. The thing I remember most about it, is not so much that my shoes had holes in the soles and let the wet in on rainy days; nor sometimes having to go hungry; but rather the absolute shame of it.
Here’s how I climbed out of the rut:
I did the best I could with what I had in that particular place at
that particular time. And you know something? That’s a pretty sensible success plan for everyone, don’t you think? Apart from that, I can think of twelve other ordinary things I did that changed my life for the better:
1. I determined to start a small business and be my own boss.
2. I became a possibility thinker and refused to contemplate failure.
3. I set realistic clear-cut goals and worked to self-imposed deadlines.
4. I developed drive, persistence and dogged determination.
5. I was willing to do whatever was necessary to ensure success.
6. I took courses, read books and continued to educate myself.
7. I learned how to re-program my subconscious mind for success.
8. I daydreamed about a time when I would be rich and successful.
9. I learned all I could about selling, advertising and marketing.
10. I hired experts who had skills I needed but personally lacked.
11. I learned how to delegate, motivate and manage people.
12. I was willing to take carefully-calculated business risks.
About the Author
John J.O’Callaghan
Get more info on Johns book "How To Make Your First Million."
Subject: million.
johnoc29@aol.com
Hi. My name is Nina D’Angelo and I am a book publisher.
The headline refers to author John J.O’Callaghan. John had to leave school at age 14 and get a job. From age 14-24 he worked hard in ten different jobs without making much money. His 11th job was selling ads on commission only.
As John says, I thought selling was a last resort--something you did when you have no special talent and you have failed at just about everything else. After failing in ten different jobs I didn’t think I had too many options left. To my amazement I loved selling and became very good at it. But I wanted to be my own boss and a year later at age 25, I left the selling job to start my own small business. In due course I started six more small businesses, built them up, sold them and retired rich at age 40.
I don’t say this in any boastful way, but mine is an amazing poor-boy-goes-from-rags-to-riches’ story. I’m even richer now than I was when I retired at 40. I drive an XJ6 Jaguar.
I paid over $50,000 cash for it. I live in a large luxury home.
It has a heated swimming pool and a boat dock. It’s located directly on a mangrove-fringed salt water lagoon on a barrier reef on Siesta Key, Sarasota, Florida. It’s a tiny bit of paradise.
The house is worth $750,000 and there is no mortgage. That’s my winter home. In summer, when we are not vacationing overseas, my wife and I stay in our luxury penthouse apartment in Bloomington,
When I was young I had no specific goal. I drifted. After ten years hard slog as an employee, all I had managed to save was $200. I also owned a fine set of engineering tools, a $3 Ingersol watch with a black face and luminous hands, a few cheap clothes and a bicycle! What Joe Karbo said is true--‘Most people are too busy trying to make a living to make any money.’
I wanted to get married. I dreamed of owning a large house and a white Mercedes. I also dreamed of being able to buy a house for my parents. Then I met a rich mentor. He taught me things that changed my life and showed me a simple way to make all my dreams materialize.
"Three years later I could afford to get married, buy the big house
and the white Mercedes. When I sold my first business I had enough money to also buy a new house for my parents. That was one of my happiest moments. It made my hard work worthwhile.
While material possessions such as money, houses and motor cars are all very important motivators, they are as nothing compared to the driving force of a deep-seated emotional need.
I hated being poor. The thing I remember most about it, is not so much that my shoes had holes in the soles and let the wet in on rainy days; nor sometimes having to go hungry; but rather the absolute shame of it.
Here’s how I climbed out of the rut:
I did the best I could with what I had in that particular place at
that particular time. And you know something? That’s a pretty sensible success plan for everyone, don’t you think? Apart from that, I can think of twelve other ordinary things I did that changed my life for the better:
1. I determined to start a small business and be my own boss.
2. I became a possibility thinker and refused to contemplate failure.
3. I set realistic clear-cut goals and worked to self-imposed deadlines.
4. I developed drive, persistence and dogged determination.
5. I was willing to do whatever was necessary to ensure success.
6. I took courses, read books and continued to educate myself.
7. I learned how to re-program my subconscious mind for success.
8. I daydreamed about a time when I would be rich and successful.
9. I learned all I could about selling, advertising and marketing.
10. I hired experts who had skills I needed but personally lacked.
11. I learned how to delegate, motivate and manage people.
12. I was willing to take carefully-calculated business risks.
About the Author
John J.O’Callaghan
Get more info on Johns book "How To Make Your First Million."
Subject: million.
johnoc29@aol.com
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