Read Millionaire Fastlane
- Aug 13, 2018
Towards the end of the video, the story took a turn that made me go very still on the inside.
It turns out this guy living in an Indian slum is an entrepreneur. He sells watches. I sat up and took notice.
But the details!
- He might sell 3-4 watches on a good day.
- One watch might sell for 300-400 rupees ($4.31 - $5.75).
- He has many zero-sale days.
- He is in debt to someone else for all the watches. They fronted him the money to buy his inventory. He keeps only the profit above what he owes this other guy back for each watch.
- He makes 50-100 rupees profit per watch ($0.72 - $1.44).
How? Just - how?
I often forget how good I have it. It's easy to complain silently to myself when I look at people who have the capital to start investing in something big, like real estate. It's easy to classify myself as "one of those millennials who came of age right when the market crashed, so I don't get to have the life that my parents' generation had, Boo hoo."
And then I see something like this and realize how much harder it could be.
There's always going to be somebody ahead of me.
And there's always going to be somebody behind me.
And it's good to look back and be grateful for where I am and how far I've come.
Not that I won't keep reaching higher.
But these reminders help me to press on my way with gratitude and a lighter heart.