Bill Gates, Oprah Winfrey, Michael Dell, Michael Bloomberg, JK Rowling, Jeff Bezos, Mark Zuckerberg, Steve Ballmer, Larry Page, Eric Schmidt, Eli Broad, Pierre Omidyar, Ross Perot, Ted Turner, Reid Hoffman, Carl Icahn, Steve Case, Jerry Yang and Steve Jobs
I am sure that the above names are familiar to you. Yes, they are multimillionaires and multibillionaires. They became wealthy when they were still young and some of them were below 50 years old.
You may ask your own question: “If I am already 49 years old, and it will take me about 10 years to become a millionaire, can I do it?” If your age target to become a millionaire is 59 years old, that may happen depending on some factors like: commitment, perseverance, discipline, some sacrifice and the courage to face some difficulties and failures along the path to getting wealth.
There are stories of real people who became millionaires beyond 60 years old. One real story is the case of Harland David "Colonel" Sanders. He was the founder of the famous Kentucky Fried Chicken (KFC).
Let's trace the age when he became a millionaire.
1890 - Harland David Sanders was born in Henryville, Indiana, USA
1905 (15 years old) - He joined the U.S. Army by faking his age.
1908 (18 years old) - He married Josephine King.
1930 (40 years old) - He established his first business, a gasoline service station in Corbin, Kentucky. Beside the service station, he put up a small restaurant where he cooked chicken dishes, country ham and steaks. He called the small restaurant as Kentucky Fried Chicken.
1939 (49 years old) - He “discovered his cooking method and secret recipe” for frying chicken in a pressure fryer that cooked the chicken much faster that pan frying.
1947 (57 years old) - He and Josephine King divorced.
1949 (59 years old) - He married his secretary, Claudia Price. Also in 1949, Kentucky Governor Lawrence Wertherby “re-commissioned him as a Kentucky Colonel”.
1952 (62 years old) - He started to franchise his Kentucky Fried Chicken business.
1955 (65 years old) - His gasoline service and Kentucky Fried Chicken became bankrupt because the Interstate 75 highway was constructed reducing his customer traffic. He took US$105 from his first Social Security pension check to pay his travel expenses in visiting potential franchisees who want to promote his fried chicken business. The fried chicken franchising became successful.
1964 ( 74 years old) - He sold the Kentucky Fried Chicken business for US$2 million to a partnership headed by John Brown Jr.
You will note that Harland David Sanders became bankrupt in 1955 but was able to regain his business by franchising the Kentucky Fried Chicken from 1952 to 1964 until he sold the business for US$2 million in 1964. He became a millionaire at age 74.
Based on this famous story, there are no reasons why people cannot become a millionaire. Being old does not matter as long as a person has the will to succeed.
If you are still young and you want to become a millionaire, develop your passion into a real business and commit yourself to succeed in your endeavor. The younger you start your business, the more chances that you will become a millionaire. If you are still YOUNG AT HEART, start a business you like and also commit yourself to succeed. Good FORTUNE to you!
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