Success Story Of An 8-year-old Millionaire

Ryan Ross is an ordinary kid who made his first million by the age of 8 through his own business. At the age of 3, the youngest millionaire started a chicken business.

On the farm yard, a boy started a chicken farm.

At the initial stage, he had about 60 chickens. The pricing policy was such that the young businessman asked for 3 dollars per dozen chicken eggs. On average, the farm’s income per day reached 15-20 dollars.

His next business idea was to mow lawns for his neighbors for $25 per hour.

But how did the little boy manage to do this?

Handling a lawnmower is not only very dangerous for young children but also practically impossible. What did the young businessman come up with? He hired someone to do it for him for $20 per hour, keeping $5 for himself. This is a primitive example of earning money through passive (residual) income. All you have to do is establish an effective pattern of regularities and the business runs on autopilot.

It consistently generates additional income without taking time away from other primary sources of income.

A similar scheme of earning money was also used with lawn watering. Only here the revenue was split 50-50 between the organizer and the operator.

The youngest millionaire is a child who understands the essence of organizing a work process.

This is a rare skill, and most likely a gift. Such people are born leaders, and later become billionaires. You can be very smart and hardworking, but extremely lost, and therefore poor.

And Ryan Ross moved on – he began to successfully invest all of his available funds in real estate. It’s not enough to make a profit – the money needs to work for you instead of just sitting there. Success is easier to achieve than to deserve.

Today, Ryan owns four companies and a million dollars in net income.

This is the result of successful business ideas brought to life. He owns six real estate properties and a hockey and basketball court for family fun. Interestingly, he has bought a couple of thousand books but, in accordance with his parents’ rules, does not buy himself a mobile phone.

Maybe he will find a couple of interesting ideas for increasing his financial status in these books. However, a child is still a child. One of Ryan’s future plans is to acquire two NHL teams.

Age is not a hindrance for business, do you agree?