How A 16 Years Old Kid Made $340 million online

Discussion in 'General Business' started by ferpol72, Jun 26, 2009.

  1. #1
    Sounds like hype but is not. Its a real story.

    Doing some research on young self made millionaires, I found Ben Way, Cameron Johnson and especially Gurbaksh Chahal.

    Could you believe that this guy managed to start up a company which he sold for $40 million when he was just 16 years old? He said in an interview that he started making some thousands of dollars on eBay, which is much to say from a teenager. At least, it was.

    Today, this seems to be the new trend. I have heard many self made millionaires say that traditional school just cut the wings of young people.

    I love teachers and I used to work as one in the past, but lets be realistic. Not every teacher works out of a true passion and a charisma to teach. Most of them are just frustrated individuals that weren't successful in their careers therefore, having to find another occupation to live.

    What is a business man, a real entrepreneur doing teaching at a University full time. Unless he, or she is retired, he should be on the battlefields making money and creating opportunities to those with no head for businesses,( i.e. employees)

    Back to Chahal, I wrote an extensive post a few moments ago at the warrior forum. As I have found three forums so far that seems to share this passion for learning about how to really make money online, I am dedicating part of my spare time to share the jewels I find online with people that might have what it takes to take advantage of it.

    Go to the warrior forum and look for Gurbaksh Chahal. You will certainly find my post, which is a post reply to one member that started the thread by the way.

    Have a great online session! :D
     
    ferpol72, Jun 26, 2009 IP
  2. suntanftx

    suntanftx Member

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    #2
    Woww.. I must aim myself to reach upon that goal! I still have a chance =)
     
    suntanftx, Jun 26, 2009 IP
  3. feeling_o_O

    feeling_o_O Peon

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    #3
    Million dollar here i come :))
     
    feeling_o_O, Jun 26, 2009 IP
  4. ferpol72

    ferpol72 Peon

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    #4
    That is the idea. And that was the first company he sold. The second company was sold for $300 million dollars. Just go to the warrior forum and read my post. Then go to Youtube and look for his interview with Oprah Winfrey and related videos. It is truly amazing.

    Don't give up people!!! :cool:
     
    ferpol72, Jun 26, 2009 IP
  5. DailyCashSaver

    DailyCashSaver Active Member

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    #5
    i hated highschool i just graduated and i cant belive i didnt drop out and get a GED go to community college and take some business classes why i started my own business. I hated it we had 1 period of economics and we had out DECA CLASSES CUT! My pricipal sent a letter out about this saying that any type of business education is not important and we need to foucus on english and math classes.

    No one belives in me not my parents not my friends not my teachers not people i talk to only people who belive in me are a few people like my best friend and a couple mentors i had. I Have been on gaming fourms i was talking about this and i i got flamed alot lol. Everytime i tried to explain this i got yelled at by the leaders of the website to the low noobs on the fourms.

    My dream is big i mean it is huge i mean i want to Own the Seattle Mariners i want to Bring the Sonics back to seattle i want to be living big and Fighting MMA and other things like that. I want to invest for so long but my parents told me if i was reciving checks through the mail she would be pissed because my mom thinks that could be dangerous like some guys going to come and stab me or somthing.

    Once i turn 18 in a month it over im taking the shackels that my parents have had me on im going to get the hell out my house ASAP and going to start my life the way i should had done it before when i had a genius idea to make alot of money.

    I have prepard alot for this i have read RICH DAD POOR DAD and Guerrilla Marketing. Rich dad poor Dad increase your Finacial IQ and i have taken alot of DECA and Finacial classes.

    My idea that is so smart is.... I plan to get a credit card or use my paypal and buy up liqudation and resell it wholesell prices on ebay and garage sales.

    what do you think i feel in this state of the economy people are looking to other places to buy items because it cost to much to shop at regular retailers. i wrote a business plan too.
     
    DailyCashSaver, Jun 26, 2009 IP
  6. TheEnthusiast

    TheEnthusiast Peon

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    #6
    i recommend this site http://www.thewholesaleforums.co.uk/forum/ about selling online like ebay
     
    TheEnthusiast, Jun 26, 2009 IP
  7. ferpol72

    ferpol72 Peon

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    #7
    Hi DailyCashSaver,

    If you read about this guy Gurbaksh Chahal, you know that he started when he was 15 years old buying refurbished printers on the free market for $50 and selling them on eBay for $200. This way he started and after that, he managed to create a couple of companies that worth $340 millio put together.

    He relates a similar story about the moment he told his parents he was dropping out high school in pursue of his dream of creating a big business to be the owner of his own destiny.

    Age is not an obstacle if you believe in yourself. So far, you have a great tool that might help you earn some fast cash: You write in English. I have sold thousands of dollars on articles. Do you have any experience about this?

    I am starting a project based on this market called "Hot Trends Articles" which I have to populate with interesting articles and stuff. If you want to learn a couple of things about really making money online, I could pass you everything I know. I am not a millionaire just yet, but I am working full time on Internet. I would like to read your business plan eventually as well.
     
    ferpol72, Jun 26, 2009 IP
  8. KennethFoo

    KennethFoo Peon

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    #8
    Awesome stories, watched the videos on YouTube. 340m at 16.. I was like @@!!.

    I dropped out from college just recently and went on to pursue my dream to build a successful business online.

    Cheers,
    Kenneth Foo
     
    KennethFoo, Jun 26, 2009 IP
  9. ferpol72

    ferpol72 Peon

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    #9
    Good luck with your venture KenethFoo!
     
    ferpol72, Jun 26, 2009 IP
  10. KennethFoo

    KennethFoo Peon

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    #10
    Thank you so much ferpol72, I really need that.
     
    KennethFoo, Jun 26, 2009 IP
  11. mytvtalk

    mytvtalk Active Member

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    #11
    id be happy with 3.4 mil :D
     
    mytvtalk, Jun 26, 2009 IP
  12. jakomo

    jakomo Well-Known Member

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    #12
    Hello,
    Is not necessary drop your the college or high school to become millonarie, always is good learn and learn different things

    Best
     
    jakomo, Jun 26, 2009 IP
  13. ferpol72

    ferpol72 Peon

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    #13

    I agree that it is not necessary to drop out to become a successful entrepreneur. In fact, I even have some college. However, depending on your unique skills, high school might limit your free mind and put some ridiculous thoughts in your subconscious about the stereotype of killing your self studying for several years and pay thousands of dollars for college "education" that in the end will make you a slave of someone else's enterprise.

    May be if they teach how to become a successful entrepreneur, the situation would be different, but besides the basic learning, which I consider extremely important like grammar, maths, and science, the teachers themselves prove with their lives that they don't know better when they have to make money.

    I agree that materialism is not the better option to measure success in life, but with money, many things could be erased easily from the equation.

    I am not trying to encourage the youngest generation to become droppers. on the contrary. I pretend to open their minds and look things as they are.

    As Pink Floyd put it: "Teachers, live the kids alone"

    If there is a teacher reading this, I would ask him or her to reconsider what are they really doing to teach students to adapt to the always changing world.

    Today, to be a doctor or a lawyer is not as rewarding financially as it was in the past. I would love my kids to become online entrepreneurs rather than slaving themselves on extremely demanding jobs. On schedule and physical demanding activities.

    I want to work hard for my people; for my own and not to give up my remaining strengths and youth to ungrateful traditional entrepreneurs that pays whatever they want to pay. I have been there, and I'll try my best not to get back to that.

    Working from home is the way to go. Of course, I agree that this is not for everyone. Those who can, have the responsibility to help those who can't by giving them jobs and ways to earn a living in a honest way. Is a vicious circle, I know, but such is life.

    If you are studying and you think making a living online is heaven and the answer to your prayers about eliminating tests and schedules, don't deceive yourself. This is as hard or harder than having a traditional job, but the rewards are beyond your imagination.

    To everyone's success!


    PSD: Read Paul Graham's series of "How To Start A Start Up". This is a real mind opener indeed.
     
    ferpol72, Jun 26, 2009 IP
  14. DailyCashSaver

    DailyCashSaver Active Member

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    #14
    well i hated it because i was wasting time with stupid work that wasnt making me any money i will go to college i hope to buy my way into the UW because the amount of work it takes to get a 4.0 and you have to take all Ap classes. I would rather pay a tutor and buy my way in.

    i tried to post the link and it wont let me but it is Viatrading.com
     
    DailyCashSaver, Jun 26, 2009 IP
  15. Ascendancy

    Ascendancy Active Member

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    #15
    I just graduated from High School, going to college this fall. I have been reading a lot about internet marketing and can see that you can make a lot of money with it, and I think I'm going to spend a lot of time this summer working with internet marketing and blogging to see what I can get out of it.

    Anything is possible with enough dedication and hard work.
     
    Ascendancy, Jun 26, 2009 IP
  16. NLmedia

    NLmedia Peon

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    #16
    Well, it seems like some of you have some negative views against school and you can only become successful doing IM type stuff. You should go out and get an education. Then if you start making good money, then drop out of school, but only till you got a constant cashflow stream.
     
    NLmedia, Jun 26, 2009 IP
  17. Jesse27

    Jesse27 Well-Known Member

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    #17
    For teenagers,
    This could be an inspiration ^^
     
    Jesse27, Jun 26, 2009 IP
  18. shashank_re

    shashank_re Peon

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    #18
    shashank_re, Jun 26, 2009 IP
  19. mattehz

    mattehz Peon

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    #19
    Wow, im 16 and I dont have $340 Million :/
    Made a grand total of: $10.99

    Well, im starting and yeh, even if I make a fraction of what he made I would be extremely happy!

    Luckily for me, my parents are all for the money making, if I can get money (without doing anything illegal) then they are fine with it.
     
    mattehz, Jun 26, 2009 IP
  20. zukario

    zukario Active Member

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    #20
    This guy should be one of the luckiest person in the world to made $340 millions online. i think this guy should be the one who holds the world record of a person earning online.
     
    zukario, Jun 27, 2009 IP