8 year old worth $900,000 net from his businesses

juansaldivar · 01-26-2010, 06:21 PM

If it's true, hats off to that kid, I wish I started in that age.

Emmanuel ED · 01-26-2010, 06:27 PM

Seriously, If He were 14 or above it would seem a bit realistic but at 8?

Daniel Brock · 01-26-2010, 07:45 PM

Well in theory he was doing nothing complicated.

Buy for $1, sell for $2.

Buy for $1, sell for $2, hire employee to duplicate.

He must have had to sell a sh*t ton of eggs and lawn cuttings to make that figure though.

TiffanyB · 01-26-2010, 08:55 PM

Having kids myself and several neices and nephews I have never seen a 3 year old that could run their own business. It says at 3 he was running the egg business but I want to know how he did that and kept the numbers and books. I don't know a lot of 3 years old that can keep and balance books for a business. Heck, the 3 year olds I know can't even do simple math like adding or subtracting. They are just learning to count to 50!

I don't know anyone who would work for a kid 8 and under. How does he advertise his services and how did he find employees? Even if he is making a $100 profit on pressure washing he has to have an awful large customer base to be worth that type of money. Plus having to pay for things like advertising, supplies, and so forth.

I just think there are way too many questions here especially about his net worth and buying real estate. I say it is a PR stunt by his parents and something fishy is going on.

John Romaine · 01-26-2010, 09:05 PM

When I was eight I was just happy making it to the toilet on time.

xlfutur1 · 01-26-2010, 11:04 PM

There are alot of kids that might be smart enough to do all of this stuff themselves, but this one is a serious stretch. Canada is cold and snowy for 5-6 months per year, so his lawn mowing and powerwashing business would have to bring in unbelievable profits to be able to purchase 6 properties in such a short time. At $100 bucks profit per job, that's ALOT of powerwashing gigs.

It is great that the parents are teaching him the benefits of being an entreprenuer though at such a young age. But to say he is doing everything himself is pretty silly.

Looks like he is learning Wordpress when he is not out shopping for properties. http://www.ryanross.ca/

juzanobo · 01-26-2010, 11:11 PM

A richie rich in the real world

GoGetta · 01-27-2010, 03:13 AM

I love stories like this!

Proves you can do anything with determination and taking action.

GoGetta

TLCarroll · 01-27-2010, 03:47 AM

My mother is 90 yrs old and grew up in NY in The Great Depression. It was quite typical for very young children to contribute to the family budget AND make thier own spending money doing things we might consider to be beyond a child of that age today. Parents were busy struggling to make a basic living.

Starting at 5, Mom and her younger brother, 4, sold matches, put out the lights for religious Jews on the Sabbath, sold ice, sold coal, sold newspaper to light the furnace, shined shoes, washed windows, picked up and delivered things like laundry and groceries, bought mishappen baked goods for a nickel a bag and sold them by the piece for a penny each in the neighborhood.

Mom tells stories of taking the subway down to pick up ice and coal. Children weren't the over-protected, over-pampered, over-scheduled, whiny, rude, perfect little doll-like high maintenance Stepford idiots parents are prone to raise now.

Kids actually had a place and responsibility in society back then. There was an expectation and they rose to the occassion.

Just an observation.

LetsGoViral · 01-27-2010, 04:01 AM

It could be similar to Mozart. From what I know his father wrote the symphonies and made it look like the son did it. Mozart was talented, yes. But not that talented. I could be wrong though. I only heard this from "some people say" kind of perspective.

theemperor · 01-27-2010, 05:49 AM

I think this proves what I have been thinking all this time - business is simple ... our egos make it complicated - now I am off to see how I can simplify things, or to sell a few eggs.

01-26-2010, 06:21 PM	#51
juansaldivar Internet Marketer Join Date: Jan 2010 Location: cyberspace Posts: 84 Thanks: 6 Thanked 7 Times in 7 Posts Contact Info	Re: 8 year old worth $900,000 net from his businesses If it's true, hats off to that kid, I wish I started in that age.
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01-26-2010, 06:27 PM	#52
Emmanuel ED HyperActive Warrior War Room Member Join Date: Jul 2009 Posts: 114 Thanks: 8 Thanked 5 Times in 4 Posts Social Networking Contact Info	Re: 8 year old worth $900,000 net from his businesses Seriously, If He were 14 or above it would seem a bit realistic but at 8?

01-26-2010, 07:45 PM	#53
Daniel Brock Senior Warrior Member War Room Member Join Date: Aug 2008 Posts: 1,698 Thanks: 169 Thanked 948 Times in 259 Posts Contact Info	Re: 8 year old worth $900,000 net from his businesses Well in theory he was doing nothing complicated. Buy for $1, sell for $2. Buy for $1, sell for $2, hire employee to duplicate. He must have had to sell a sh*t ton of eggs and lawn cuttings to make that figure though.
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01-26-2010, 08:55 PM	#54
TiffanyB HyperActive Warrior War Room Member Join Date: Jun 2009 Posts: 116 Thanks: 12 Thanked 27 Times in 17 Posts	Re: 8 year old worth $900,000 net from his businesses Having kids myself and several neices and nephews I have never seen a 3 year old that could run their own business. It says at 3 he was running the egg business but I want to know how he did that and kept the numbers and books. I don't know a lot of 3 years old that can keep and balance books for a business. Heck, the 3 year olds I know can't even do simple math like adding or subtracting. They are just learning to count to 50! I don't know anyone who would work for a kid 8 and under. How does he advertise his services and how did he find employees? Even if he is making a $100 profit on pressure washing he has to have an awful large customer base to be worth that type of money. Plus having to pay for things like advertising, supplies, and so forth. I just think there are way too many questions here especially about his net worth and buying real estate. I say it is a PR stunt by his parents and something fishy is going on.
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01-26-2010, 09:05 PM	#55
John Romaine No excuses - Just do it War Room Member Join Date: Mar 2009 Location: Sydney Posts: 4,038 Thanks: 992 Thanked 1,781 Times in 896 Posts	Re: 8 year old worth $900,000 net from his businesses When I was eight I was just happy making it to the toilet on time.
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01-26-2010, 11:04 PM	#56
xlfutur1 Advanced Warrior War Room Member Join Date: Feb 2005 Location: Michigan Posts: 880 Thanks: 9 Thanked 145 Times in 81 Posts	Re: 8 year old worth $900,000 net from his businesses There are alot of kids that might be smart enough to do all of this stuff themselves, but this one is a serious stretch. Canada is cold and snowy for 5-6 months per year, so his lawn mowing and powerwashing business would have to bring in unbelievable profits to be able to purchase 6 properties in such a short time. At $100 bucks profit per job, that's ALOT of powerwashing gigs. It is great that the parents are teaching him the benefits of being an entreprenuer though at such a young age. But to say he is doing everything himself is pretty silly. Looks like he is learning Wordpress when he is not out shopping for properties. http://www.ryanross.ca/
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01-26-2010, 11:11 PM	#57
juzanobo Ilocandia, Philippines War Room Member Join Date: Apr 2009 Posts: 284 Thanks: 21 Thanked 11 Times in 10 Posts Contact Info	Re: 8 year old worth $900,000 net from his businesses A richie rich in the real world
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01-27-2010, 03:13 AM	#58
GoGetta I Get Mine, Got Yours? War Room Member Join Date: Dec 2007 Location: United Kingdom. Posts: 1,695 Blog Entries: 6 Thanks: 447 Thanked 542 Times in 210 Posts Social Networking	Re: 8 year old worth $900,000 net from his businesses I love stories like this! Proves you can do anything with determination and taking action. GoGetta
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01-27-2010, 03:47 AM	#59
TLCarroll Advanced Warrior War Room Member Join Date: Dec 2006 Location: , , USA. Posts: 976 Thanks: 891 Thanked 43 Times in 23 Posts	Re: 8 year old worth $900,000 net from his businesses My mother is 90 yrs old and grew up in NY in The Great Depression. It was quite typical for very young children to contribute to the family budget AND make thier own spending money doing things we might consider to be beyond a child of that age today. Parents were busy struggling to make a basic living. Starting at 5, Mom and her younger brother, 4, sold matches, put out the lights for religious Jews on the Sabbath, sold ice, sold coal, sold newspaper to light the furnace, shined shoes, washed windows, picked up and delivered things like laundry and groceries, bought mishappen baked goods for a nickel a bag and sold them by the piece for a penny each in the neighborhood. Mom tells stories of taking the subway down to pick up ice and coal. Children weren't the over-protected, over-pampered, over-scheduled, whiny, rude, perfect little doll-like high maintenance Stepford idiots parents are prone to raise now. Kids actually had a place and responsibility in society back then. There was an expectation and they rose to the occassion. Just an observation.
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01-27-2010, 04:01 AM	#60
LetsGoViral LuxWriter.com War Room Member Join Date: Dec 2009 Location: Europe Posts: 662 Thanks: 63 Thanked 74 Times in 54 Posts Social Networking Contact Info	Re: 8 year old worth $900,000 net from his businesses It could be similar to Mozart. From what I know his father wrote the symphonies and made it look like the son did it. Mozart was talented, yes. But not that talented. I could be wrong though. I only heard this from "some people say" kind of perspective.
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01-27-2010, 05:49 AM	#61
theemperor Treat it like a business War Room Member Join Date: Dec 2009 Location: Sunny Sydney Posts: 1,419 Blog Entries: 6 Thanks: 380 Thanked 435 Times in 204 Posts	Re: 8 year old worth $900,000 net from his businesses I think this proves what I have been thinking all this time - business is simple ... our egos make it complicated - now I am off to see how I can simplify things, or to sell a few eggs.
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