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How Old Were You When You Made Your First Million?, And How? - Business (53) - Nairaland

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Re: How Old Were You When You Made Your First Million?, And How? by Amhappy(f): 5:30pm On Nov 20, 2018
Raysolo:
Made my first million at 25,doing dropshipping of mobile phones from aliexpress,my biggest hurdle at first was how I could make payments and how i could get lots of clients.

Please teach me how to
Re: How Old Were You When You Made Your First Million?, And How? by bongolistik(m): 5:33pm On Nov 20, 2018
afm4ever:
please can you coach me on this
What people are failing to tell people here about treasury Bill investment is that T.Bill is not really for starters and it will not make you money as a starter, since at first you won't even have the huge capital to invest in T.Bill that will give you reasonable profit.

Treasury Bill investment is good for 2 categories of people. 1st is those that already have financial strength and looking for where to invest more and as a way of secured investment for future or even retirement.

The second category is for those who luckily ran into to money e.g. Those that won heavily on lotteries, bets or other lucky means and are still thinking out of profitable investment to go into, now instead of just dumbing the money lying idle in the bank as you think of investment to do, you can now invest some of the money in T.bills while you continue to draw the road map to a potential investment.

I will not suggest a starter, who have only N500k in his purse to look in the direction of T.bill investment cos it will just be like wasting of your time for peanuts.

To go into a profitable T.bill investment, you need like fallow N5M or above, so you can then use the upfront profit to do other business while your N5M remains intact and secured for you on your T.bill duration.

Reason I said it is not even good business for starters except on the 2nd condition I highlighted above

28 Likes 3 Shares

Re: How Old Were You When You Made Your First Million?, And How? by mfm04622: 5:34pm On Nov 20, 2018
grandstar:


The reduce tax rates will create an investment boom become many multinationals who are transparent tax payers will be attracted here.

Also, we are discussing a reduction in corporate taxes and not income taxes. Nigeria does not have the lowest tax to GDP in the world!

India's tax revenue increase was due to a reduction in the tax rates and not enforcement. The tax authorities were pleasantly surprised.

Also, stating that an increase in consumption will majorly benefits imports is misleading. You're the first person I'm hearing this from.

That statement is only practical for countries with small nations like Israel where the manufacturers focus on areas they have comparative which are primary niches or micro niches. Their home market probably accounts for less than 10% of sales

The population of their home market is not big enough to support production of household items.

When I go to the average malam, the vast majority of products sold are locally made.

As for consumption leading to inflation, it is a well known economic relationship! Why do you think when central banks want to reduce Inflation, they increase rate of money banks must keep with the central bank, thereby reducing money in circulation, thereby reducing consumption?

As I have said before, the tax rate is never a major consideration!!! Have you heard of any company saying the tax rate is high? What they complain about is multiple taxation from states and local governments. If you say Nigeria don't have the lowest tax to GDP ratio, name the country with the lowest ratio please.
The vast majority of what we consume in this country is imported! Can we start with a list?
Rice, imported
Fish, imported
Bathing soap, mixed
Toothpaste, mixed
Clothes, mixed. Mostly imported. Either the fabric or complete cloth
Shoe, imported
Furniture, imported
Tv, imported
Radio, imported
Fan, imported
All transport system (car, motorcycle, keke, etc) all imported
Besns, local
Palm oil, imported. I am sure you are surprised about this
Vegetable oil, imported
Noddles, local. Raw materials imported
Pasta, same as above
Bread, same as above
Sugar, same as above
Salt, local

So what exactly are you saying we produce that will benefit from this?
Also, Nigeria experienced this. When OBJ govt increased salaries in 2001, what did you think happened! Inflation rate went up and Naira value dropped in international market due to increase in demand for foreign goods.
Hope you understand my epistle. Won't be responding to you again

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by holysaint1(m): 5:35pm On Nov 20, 2018
HardMirror:
bro you dont get it. I am not the emotional kind of person. I deal with facts and reality.

Ask yourself this question, 'is there anything you can do so well that anytime there is a need for someone to do that thing people will first think about you.

Help me, help me, is not enough. There are millions of people needing help. Dont be part of them. Be one of those people will be ready to pay to help them get things done

bro pls i have a trusted brother who is into welding.. And he does it so well.. Matter of fact he has worked for various one man entrepreneurs in this field... Just that the offers he has been receiving has been anything but manageable.. At the moment, he foots the bill for his house rent, feeding and many other daily expenses through working at uncompleted buildings.. Pls if u have any link of anyone who can be of help to this young man, it would be highly and forever appreciated... Thanks in advance.
Re: How Old Were You When You Made Your First Million?, And How? by mfm04622: 5:36pm On Nov 20, 2018
JimD:


Before government will charge high taxes. There has to be increased money circulation (currently, there is no increase in money circulation). Which still boils down to crude oil (accounting for 95% of Nigeria's export revenue). Diversification is not a thing that can be achieved with just one administration. But we can start with deregulation, which is reduction of government power to create more competition and better management. This is what I believe Atiku wants to do.

How did the deregulation Atiku did under OBJ fared? What exactly are we enjoying with the deregulation that we will trust him to do it again? This govt did not increase the tax rate. It has been same for a long time
Re: How Old Were You When You Made Your First Million?, And How? by mfm04622: 5:38pm On Nov 20, 2018
holysaint1:


you should have it at the back of your mind that tax isnt the only avenue the government has to garner revenue for diversification..

Go and read up on fiscal and monetary policy[color[/color]=#550000].

Besides thats not even the main issue self. With the way corruption has eaten deep iinto the thinking faculty of our policy makers, it doesnt matter how much Nigeria make from oil.. We will hardly make any headway.

Its quite pathetic

I should read up on fiscal and monetary policies? Lol!!! I won't say more than that
Re: How Old Were You When You Made Your First Million?, And How? by Amhappy(f): 5:49pm On Nov 20, 2018
DDGN:
2015. N1.5M to be exact, and since then there have been no turning back. Between 2015 and now I have made over N180 million. Ten years ago if anyone had said I'll ever see a million I would have laughed that person off. 15 years ago I was walking round Festac Town, sometimes barefooted selling vegetables (shokor) and okra. When the season comes I sell corn..With a trey over my head walking round Festac shouting "BUY SHOKOR". It's the most humiliating thing that can ever befall any on in secondary school as I get to see most of my classmates..girls included. I once saw a classmate and nearly ran for cover, unfortunately the trey fell on the road, and right there I had to stop and picking back the items one by one lol.

The day Nigeria played South Africa in the semi final at the Ghana Nigeria 2002 Nations Cup I wasn't even allowed to see the game. I had to go Kiri. Then, as timaya said " I dey on my own Jehovah just bless me o". God took me from rags, the bottom of the food chain in the family, the most despised and hated, God took me from that to become the richest person in the history of my family. Anyone who doubts the existence of God and his propensity to fight for and bless the underdog, the oppressed, is doing himself a major disservice. I have experienced first hand how God works. It's incredible.

I pray God pick my call like he did yours.
Re: How Old Were You When You Made Your First Million?, And How? by Adinije(f): 6:15pm On Nov 20, 2018
Got mine at 26 via fiverr. I felt on top of the world.
But then, fiverr started their madness, from disabling my goldmine account to settings big hurdle for new seller, coupled with saturation too.
I'm still grateful to them tho.

7 Likes 1 Share

Re: How Old Were You When You Made Your First Million?, And How? by overdrive(m): 6:20pm On Nov 20, 2018
Mystic1:
Alright let's make this work. I've gone through the thread from the first page to the last page and I'm honestly inspired learning how people came across their fortune. I've also shared mine, became a millionaire at 23 (cryptocurrency investments and trading). 2019 is going to be a massive year for me and I'm opening up an opportunity to a few of you on here. I need dedicated people who can work. Yeah I know you all feel inspired but behind these millions are serious work. I don't want someone coming to me to beg for money, there's no free money anywhere and I honestly don't have money to dash out, but the little I have I shall give, which is pointing you to the way to make your first million next year legitimately.

To qualify, you must be in atleast one of these categories:
*You should be a graduate currently serving(preferably in schools)
*An undergraduate.
*Determined to work hard and be goal oriented.
*Ready to use your brain because this is going to be very tasking but pay will be worth the work and I guarantee you 1million by this time next year.

Please I'll repeat again, I am not giving out free money. I will only furnish you with every information you need and give you clues on how to fish then the ball will be in your court.
Interested people should drop their email, and I'll email you my contact. Thanks


ejkogb@gmail.com
Re: How Old Were You When You Made Your First Million?, And How? by benob(m): 6:28pm On Nov 20, 2018
aobruche33@gmail.com
Mystic1:
Alright let's make this work. I've gone through the thread from the first page to the last page and I'm honestly inspired learning how people came across their fortune. I've also shared mine, became a millionaire at 23 (cryptocurrency investments and trading). 2019 is going to be a massive year for me and I'm opening up an opportunity to a few of you on here. I need dedicated people who can work. Yeah I know you all feel inspired but behind these millions are serious work. I don't want someone coming to me to beg for money, there's no free money anywhere and I honestly don't have money to dash out, but the little I have I shall give, which is pointing you to the way to make your first million next year legitimately.

To qualify, you must be in atleast one of these categories:
*You should be a graduate currently serving(preferably in schools)
*An undergraduate.
*Determined to work hard and be goal oriented.
*Ready to use your brain because this is going to be very tasking but pay will be worth the work and I guarantee you 1million by this time next year.

Please I'll repeat again, I am not giving out free money. I will only furnish you with every information you need and give you clues on how to fish then the ball will be in your court.
Interested people should drop their email, and I'll email you my contact. Thanks
Re: How Old Were You When You Made Your First Million?, And How? by akindayo12(m): 6:33pm On Nov 20, 2018
mrphysics:
I made my first N1m at age 27. I also made someone a millionaire at same age.

I made First N5m still at age 27.

I made all these on Fiverr, offering freelance writing services

bros pls help me
Re: How Old Were You When You Made Your First Million?, And How? by Legalese(m): 6:38pm On Nov 20, 2018
Sure. 08067981080
Skibofire:
mind if we chat on WhatsApp?
Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 6:42pm On Nov 20, 2018
mfm04622:


How did the deregulation Atiku did under OBJ fared? What exactly are we enjoying with the deregulation that we will trust him to do it again? This govt did not increase the tax rate. It has been same for a long time

Atiku was not the president, OBJ was. OBJ wanted to deregulate the oil sector fully in 2003 but the NLC and the house stood up against him. Read this thread to understand more. https://www.nairaland.com/3112084/full-text-obasanjos-broadcast-deregulation

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by Sleezwizz: 6:53pm On Nov 20, 2018
holysaint1:


bro dont buy that land for now if you dont have the money to put up a structure any time soon.. Just find a viable investment to plunge your money into and you will be fine.

Hmmm, kk

Thanks
Re: How Old Were You When You Made Your First Million?, And How? by mfm04622: 6:57pm On Nov 20, 2018
JimD:


Atiku was not the president, OBJ was. OBJ wanted to deregulate the oil sector fully in 2003 but the NLC and the house stood up against him. Read this thread to understand more. https://www.nairaland.com/3112084/full-text-obasanjos-broadcast-deregulation

OBJ handed over the economy to Atiku. Handed over. He was the head of the economic team, not OBJ! Atiku reminded us of that fact when he launched his policy paper. You still didn't answer the question. What did Nigeria as a whole or the common Nigeria gained from the deregulation Atiku carried out in the past?

2 Likes

Re: How Old Were You When You Made Your First Million?, And How? by Tbag1001(m): 7:00pm On Nov 20, 2018
MrKong:
I'm going to make somebody a millionaire this night. If you have less than #10 in you account. Send me your account number accompanied with the screenshot of your balance sad

Baba bless your boy oh. Life is hard, it doesn't favor everybody like it favors you boss please

GtbAnk
0171724797
Bassey Samuel

Savings

Re: How Old Were You When You Made Your First Million?, And How? by doggedfighter(f): 7:05pm On Nov 20, 2018
funnynation:


Chat me on watsapp, I have product that I will give you to sell or teach you how you can start the Importation. 08066679200
Can I chat you too please.
Re: How Old Were You When You Made Your First Million?, And How? by AbamOnyerubi: 7:15pm On Nov 20, 2018
edictng:
angry 20 No big deal made my first 10m frm crypto.
Re: How Old Were You When You Made Your First Million?, And How? by doggedfighter(f): 7:25pm On Nov 20, 2018
Mystic1:
Op I'm really sorry about the ruckus and derailment my request must have caused. I didn't know the turn up will be massive enough to cause disruption.
For those who left their email, I've taken them down and would email you soon, you can either edit or delete as you dim fit. Thank you
Sir, here's mine kindly include me. cindireignz11@gmail .thanks
Re: How Old Were You When You Made Your First Million?, And How? by princejoeny(m): 7:43pm On Nov 20, 2018
[quote author=Heineken post=73093103][/quote]
Bless me o.
0147652424 gtb

Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 7:55pm On Nov 20, 2018
mfm04622:


OBJ handed over the economy to Atiku. Handed over. He was the head of the economic team, not OBJ! Atiku reminded us of that fact when he launched his policy paper. You still didn't answer the question. What did Nigeria as a whole or the common Nigeria gained from the deregulation Atiku carried out in the past?

Obviously, you didn't read the link I sent. So this is turning into a pointless argument. I'll reply with this lastly.
1Atiku didn't head Obasanjo's economic team. He only picked members of the economic team (Its just like saying Osinbajo is running the economy for Buhari). BTW, Okonjo Iweala was the finance minister at the time and she was at her peak.

2. Deregulation had been strongly opposed by the NLC during Obasanjo's regime. So no significant thing was done except selling off non-functional refineries. Ironically, the NLC was headed by Adams Oshiomole, who is now the APC national chairman.
Re: How Old Were You When You Made Your First Million?, And How? by opejole: 7:55pm On Nov 20, 2018
The10thMan:


The oil and gas business has various aspects. It is highly specialized and you need to be very specific on the thing(s) and service(s) you want to engage in. From exploration, to drilling, to completion to production to maintenance/servicing to general contracts like supplies etc. You need to know the area you really feel you can handle based on passion and desire. Experience and knowledge can be sought.

Follow this link to the DPR Site and see the various categories and the area you desire:

https://www.dpr.gov.ng/wp-content/uploads/2018/08/LP-GUIDELINES-2017.pdf

To do anything in the oil and gas industry you need a DPR License. Even if you want to evacuate poop! The link above will give you some ideas on various services.

Cheers.
pls can I pm u?
Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 8:01pm On Nov 20, 2018
TheManofTomorrow:
How did you manage source for the scholarship sir. I don't know how to nack one over here for myself. I even find it hard to know where I can source for information about scholarships and I'm in dire need of one.

I will be very grateful if I can get feedback from you boss.

Information is everywhere.
Just subscribe to myschool.com email alerts and other naija students scholarship info.
All the scholarships also have Facebook groups created by students.
Then also, most of the scholarships targets university students and some departments receive preferential treatment.

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by opejole: 8:02pm On Nov 20, 2018
nwanneni:
not ready to mentor anyone yet,sorry
I will really appreciate it if u can help,,,,can I pm u pls?
Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 8:03pm On Nov 20, 2018
generationz:


I know they don't

but I believe you were on a first class to receive those grants and oil companies are crazy about first class graduates

Yea, I was...
Shiit happens though...
Re: How Old Were You When You Made Your First Million?, And How? by klexycole(m): 8:04pm On Nov 20, 2018
Mystic1:
Alright let's make this work. I've gone through the thread from the first page to the last page and I'm honestly inspired learning how people came across their fortune. I've also shared mine, became a millionaire at 23 (cryptocurrency investments and trading). 2019 is going to be a massive year for me and I'm opening up an opportunity to a few of you on here. I need dedicated people who can work. Yeah I know you all feel inspired but behind these millions are serious work. I don't want someone coming to me to beg for money, there's no free money anywhere and I honestly don't have money to dash out, but the little I have I shall give, which is pointing you to the way to make your first million next year legitimately.

To qualify, you must be in atleast one of these categories:
*You should be a graduate currently serving(preferably in schools)
*An undergraduate.
*Determined to work hard and be goal oriented.
*Ready to use your brain because this is going to be very tasking but pay will be worth the work and I guarantee you 1million by this time next year.

Please I'll repeat again, I am not giving out free money. I will only furnish you with every information you need and give you clues on how to fish then the ball will be in your court.
Interested people should drop their email, and I'll email you my contact. Thanks

Thank you.
Re: How Old Were You When You Made Your First Million?, And How? by Nobody: 8:07pm On Nov 20, 2018
opejole:
I will really appreciate it if u can help,,,,can I pm u pls?
i don't want to introduce anyone to something that might make you a millionaire while it may leave you broker than you were at the same time.
Hope you understand.

1 Like

Re: How Old Were You When You Made Your First Million?, And How? by Tony142: 8:07pm On Nov 20, 2018
Meklex:
I am not actively involved in Cryptocurrency at the moment since its all round bearish movement for months now. I can only tell you one or 2 things about freelancing which is for you to go to

https://www.nairaland.com/3237273/how-make-regular-income-offering https://www.nairaland.com/2947212/exclusive-how-make-level-2

Learn the basics (and beyond the basics) from these threads. Then, you can hit me up after that, and I'll answer any questions (that cannot be found on the threads I mentioned) you may have.

Goodluck

Nice1, thanks
Re: How Old Were You When You Made Your First Million?, And How? by Kirinwa: 8:11pm On Nov 20, 2018
I made my first million at the age of 24 through affiliate marketing, blogging, cryptocurrency and eccomerce.
As at present I make average of 500k every month and the earning keeps increasing.

When I look at how things were many years I can only but smile.

NB: When I get a 100 likes. I will teach 30 people here and show them the ropes.

67 Likes

Re: How Old Were You When You Made Your First Million?, And How? by opejole: 8:14pm On Nov 20, 2018
nwanneni:
i don't want to introduce anyone to something that might make you a millionaire while it may leave you broker than you were at the same time.
Hope you understand.
I do understand u bro but am also a risk taker,,,pls help in any way u can
Re: How Old Were You When You Made Your First Million?, And How? by TheManofTomorrow(m): 8:15pm On Nov 20, 2018
Mystic1:
Alright let's make this work. I've gone through the thread from the first page to the last page and I'm honestly inspired learning how people came across their fortune. I've also shared mine, became a millionaire at 23 (cryptocurrency investments and trading). 2019 is going to be a massive year for me and I'm opening up an opportunity to a few of you on here. I need dedicated people who can work. Yeah I know you all feel inspired but behind these millions are serious work. I don't want someone coming to me to beg for money, there's no free money anywhere and I honestly don't have money to dash out, but the little I have I shall give, which is pointing you to the way to make your first million next year legitimately.

To qualify, you must be in atleast one of these categories:
*You should be a graduate currently serving(preferably in schools)
*An undergraduate.
*Determined to work hard and be goal oriented.
*Ready to use your brain because this is going to be very tasking but pay will be worth the work and I guarantee you 1million by this time next year.

Please I'll repeat again, I am not giving out free money. I will only furnish you with every information you need and give you clues on how to fish then the ball will be in your court.
Interested people should drop their email, and I'll email you my contact. Thanks
Here it goes.
Onafuwatoluwalase2017@gmail.com
Will be expecting a reply from you sir.
Thanks in anticipation

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