Conversation with My Millionaire Friend [A Thread]
==========
‘’So how do you come up with your big money ideas?’’ I asked my millionaire friend.
He looked at me, then began to pour more drinks into his glass cup.
‘’The value chain’’. He said. ‘’Always follow the value chain’’
He took a sip from his drink.
‘’The big money is usually in a big value chain’’
And he sat back in his chair, crossed his legs and stared at me. That was his coach posture, and I knew some lessons were about to follow so I waited.
‘
’there is one fuel of every business’’ he began. ‘’Demand and supply. The bigger the demand and supply chain, the more money you can make’’.
‘’…I have a ship that I give out for hire. I charge a dollar equivalent of 2 million naira every day for it’’. He looked at me. ‘’Daily
‘’All I do is simple, I find a value chain where loads of money exchanges hands and I plug into it.
I do not disturb myself trying to come up with brilliant ideas, I just plug into big money chains.
Lots of money are made when goods are imported, so i found a way and bought a ship - to tap in’’
I took this in slowly.
‘’Real estate, it’s a big money value chain example. Look for these big money chains.
Businesses that produce lots of waste, for example, will pay lots of money to move it out. Dangote has lots of trucks on the road, most of these trucks break down.
If you go in and sell them on a mechanic service they will pay a lot of money for it’’
….find big businesses, find what they need, and sell it to them. That is how you make big boys money.
Do you understand?
I looked at him, wondering if I did.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
This image below is a reflection of how little things compound over time:
The man’s name is William McElligott. A truck driver who would drive his truck with the window down.
Over time the side of his face that always faced the open window, exposed to wind and the UV light from the sun; began to age faster than the other side.
And this is why the right side (in the image) is that wrinkled.
Completely insane right?
This compounding effect with time happens in all areas of life. Your weight, finance…little drops fill the bucket.