Well, just how is wealth created?!

Let me give you a quick but powerful example. Years ago, in the mid-seventies,

my colleague invested $100 in a bank at 5% interest. At around the same time I invested $100 in crashed motorcycle and broke it up and sold it off as used spares. Engine, gearbox, tires, clutch, handlebars, levers, gas tank, seat, front wheel, rear wheel and frame. You get the idea! I quickly made $1000, spent half the money and invested the remaining $500 in five more bikes and did the same all over again and did this many times during my first year in business and went on to make a fortune.

Meanwhile my friend picked up his $5 interest. I just hope he didn’t spend it all at once!

By | 2016-10-29T11:10:36+00:00 October 30th, 2009|Wealth Creation|4 Comments

4 Comments

  1. Brown November 18, 2009 at 11:13 am

    Hmm… I read blogs on a similar topic, but i never visited your blog. I added it to favorites and i’ll be your constant reader.

  2. Alexander Boyd December 18, 2009 at 1:37 pm

    If only all bloggers spent enough time to come up with content such as this. But then again that would be asking too much.

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  4. Shower doors January 18, 2010 at 3:37 am

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