This 14-year-old kid became a millionaire with this simple idea – his father was impressed by his initiative
Financial education is a subject that must be learned from an early age because it is important for children to know how to organize their money and the time they have available. After all, the goal should not be money, but freedom. The possibility to go whenever you want on vacation, not to have a boss, and to make your own schedule. Money is a resource that we must use wisely. The boy in this article amazed his whole family and thousands of internet users after he became a millionaire at the age of 14! How did he manage to do that? Read on, you won’t believe what a brilliant idea he had.
Harvey Millington from London had a business spirit since he was a little boy. He always knew how to get what he wanted, only then his currency was sweets. Over time, he thought of business ideas, solutions to problems, and shortly after reaching the age of 14, he came up with a business plan for his father in order to obtain the necessary funds.
His plan was very elaborate, which deeply impressed his father. He had all the necessary information: materials, budget, time, and profit margin. Harvey showed his father the online store he thought of and the stickers he would put up for sale. These stickers show the date on which drivers must renew their insurance. Something very simple, isn’t it? We must think that it is a solution to a problem that can generate higher costs. The stickers were to be sold for 4 pounds apiece. His father agreed and gave him the amount he needed: 2,000 pounds, which was more than enough to start the business.
In one year, Harvey produced 130,000 pounds from the sticker business. People were very pleased with his idea and actually piled up, the orders were flowing like on the conveyor belt. Harvey didn’t gamble on the profit, instead he used it and with £ 50,000 bought a plot of land in his hometown, which he decided to keep and maybe build a house when he became an adult, but something else was about to happen.
A real estate developer who owned 90% of the land in the area made an impressive offer to Harvey, after many offers and negotiations were refused by the young hustler: just over two million euros for the land purchased for only 50,000 pounds. You have to admit, it’s an incredibly good deal for the kid. Harvey didn’t even think about it, and in this way, he became a millionaire. Upon hearing the news, his family was deeply impressed, Harvey gave gifts to everyone and organized a party to celebrate the success. With the money he has at his disposal now he can launch other ambitious businesses. A true entrepreneur! Again, another proof that with enough work and with a clear vision and goal, everything can be achieved. Share this impressive and motivational story!