Well, just how is wealth created?!

4 Comments

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!

4 Responses

10.30.09

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.

10.30.09

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

10.30.09

Certainly got us thinking here are work, expect a few replies later.

10.30.09

Great comment, love the design of the site too.

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