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The first million.

12 Apr

Last Saturday I tweeted this and there were no replies, none! In my mind it meant that I was following the wrong people or nobody wants to talk about the uncool stuff on their timelines. I had then to ambush tweeps on their DMs, how one makes their first seven figures has been a question that always keeps bugging me. Not the stories about Kamlesh Pattni making his first at sixteen and Mike Sonko at seventeen, which even true I find hard to believe they were from legit businesses. I wanted to hear of someone who had a vision, dream, idea or a way of accomplishing things (making sales maybe), maybe it was a cheque from a business deal, a bonus or the returns from a wise investment opportunity taken. After 3 hours no reply, i copy pasted the question and ambushed tweeple and confirmed my latter opinion, nobody wants to fill their timelines with talk on uncool and boring stuff, the timeline is like the lounge where you relax, tell and take jokes and yaba daba doo while anything serious maybe discussed on the DM, maybe!!!

The response disabused me of the notion ‘life starts at forty’ that was wrong! Maybe if you are on the race to climb the organisational ladder, it might hold true. But if you want to be the Kenyan version of Dustin Moskovitz and Yoshikazu Tanaka you have you start early, and life for you starts the moment you get that spank on the behind as a welcome to the world and you gasp for the first breath and yell, not at forty, never!

Delayed gratification

Growing up I was led to believe that you had to start with employment, then get a pension, and finally die and that was a good life! If you wanted a million, you had to save, get a loan with you payslip or get lucky and win the lottery, and that million would be spent on liabilities and not used to beget another million. “Save for a rainy day”, I still hear her tell me, practice restraint, delayed gratification is good for you; if I give you this cake now would you rather have it now at night and go to sleep or would you rather have it the morning and spend the day with the sweetness still lingering in your taste buds? I still believe in those words, but at the same time they lead you to the race of rats, a race of many losers and few winners! That is what terrifies me, thirty years of working to get a pension? Really? All  those seminars, workshops even postgraduate classes end at retirement, just like that! That is where I want to digress, go off tangent, beat a new path!!!!

So back to the responses I got, it seems people make that million in their twenties, if you made yours earlier do tell and will change this. And no, it was not from lottery, savings, inheritance or anything illegal. They followed an untrodden path and bam! A seven figure cheque after much toil and bloodied sweat, okay maybe I exaggerate but there was sweat I believe.

Talk is cheap, I know, at times I do bump into people with these great ideas, seven digit ideas but they have an Achilles heel; they procrastinate, I will, not now, I have to get the capital right, what if it does not work out? Then there are people with these crazy ideas who tell you how some bank is refusing them credit, how they are begging for shelf space in supermarkets, how hard it is searching for investors, how some venture capitalists are crooked demanding 50% of the business before they inject some cash which is not even adequate in the first place! And these are the ones who get that seven figure cheque and do not postpone life to forty!

I hereby ask you the same question, it is uncool and boring, that I know but I will still ambush you with it! When do you plan to get your first million? If you already have, when did you get it, teenage, twenties or forties? Am not talking about saving, but a single cheque with six zeros.

 

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13 Comments

Posted by on April 12, 2011 in Comfort zone.

 

13 responses to “The first million.

  1. steve

    April 12, 2011 at 3:56 pm

    Interesting read…

    Just one questions lingers throughout the post.. ” Did you just get one of those?”

     
    • Mackel9

      April 12, 2011 at 4:02 pm

      Not yet, I was looking for a benchmark but be sure to ask that again soon 🙂

       
      • steve

        April 12, 2011 at 4:53 pm

        still chasing that idea… na ni-possible especially time kama hiii..

        look at it from this angle..

        KRA allows for a flat rate tax of 3% on revenue for new companies having annual revenue below 5M

        so.. if you got 30K thats the tax payable… assuming you have the company registered already… all you got to do is negotiate your big check and BAM!

        true story btw!

        would love to see your thoughts

         
      • mackel9

        April 14, 2011 at 2:06 pm

        You have to overcome that drag that pull you from taking that risk

         
    • mrsmwiti

      April 12, 2011 at 4:59 pm

      I too think Mackeltisa got one of those. 😀 *promptly changing the topic*

       
      • mackel9

        April 14, 2011 at 2:07 pm

        Hahaha when I do, you’ll be the first to know *cross my heart* 😉

         
  2. Viktor Musili

    April 12, 2011 at 4:03 pm

    They way Kenyans are known to be stingy, don’t think its easy to get a cheque with 6 zeros..just like that!

    But hey its possible, just depends on what deal you make with the “devil” or “angel” – in my own opinion.

     
    • mackel9

      April 14, 2011 at 2:12 pm

      Nothing comes easy Victor, you have to convince that stingy customer/client to part with that cheque…oil your tongue, strategize 🙂

       
  3. OtienoHongo

    April 19, 2011 at 1:31 pm

    Good post. In my view however, I think it is the attitude that you need to get the big one pap that slows down people, makes them not see the need to make the 10k today, 25k next month and then eventually get 4 checks in a month worth 250k each, which equals to 1m. don’t get me wrong, I am not saying that you should not make it big instantly at once, if you can do that then cool, all I am saying is making it bit by bit is equally valid.

    I have not received the 6 digit cheque yet, and neither am I obsessed with getting it…several small ones totaling to that will do me just fine in the meanwhile. I wish you all the best in getting that cheque and hopefully may I be the one writing it!

     
    • mackel9

      April 20, 2011 at 1:11 am

      You remind me of what one of my friends asked me ‘to make a shilling everyday for the rest of your life or to get all the shillings one day of your life?’ what would you choose? They are all valid, and sure I hope you will be the one writing that cheque, it is always a pleasure having you here Hongo.

       
  4. Savvy K

    May 2, 2011 at 10:48 am

    You never asked me 😦 But then again, the biggest check I’ve held so far is of 65K. Not bad for a start, no? Haven’t made a million yet!

     
    • mackel9

      May 2, 2011 at 8:12 pm

      Next time I will sure remember to ask you :-). You are doing good, just remember to keep the cheques growing and you will be the one telling me even before I ask! Happy journey to financial emancipation.

       

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