Life is like rowing a boat upstream. The longer you row, the farther you'll go. But when you stop, the tides of the river push you back, and others will pass you. The river pushes them too, but the difference is they didn't stop rowing.
Sunday, January 29, 2017
An Entrepreneurial Mindset
Ever since I was born I was drawn to the idea of capitalizing on my given set of resources.
As early as kindergarten I learned how to use my father's photo copier. I began photocopying cartoon color-in pages and sold them for 50 cents. I didn't know what fascinated me about money, but I sure knew that I loved to collect it.
Pokemon was the most popular game of my childhood. I remember playing countless hours on my Gameboy. Everyone wanted to be the best at the game. Some went as far to pay others to train their Pokemon for them. I looked at this as an opportunity to make money. I began saving my lunch money to purchase a GameShark. A GameShark is a device that lets you cheat in any Gameboy game, including Pokemon. It costed me $25, but it quickly paid itself off. I used the GameShark to generate the most powerful Pokemon and sold it the other players for a fraction of the asking price to train someone's Pokemon for them.
As I got older, my fascination shifted from Pokemon to the card game Yu-Gi-Oh. Looking back, the way I treated Yu-Gi-Oh was unethical, however, I feel that it was an excellent example of obtaining a profit utilizing available resources. Yu-Gi-Oh cards varied in rarity, and the best ones could cost several hundreds of dollars. The rare cards are finished with a metallic glow, and I learned of a rumor that the holographic finish would add a very slight weight to the card. I bought a scientific scale that could measure grams and tested this theory out. Yu-Gi-Oh cards were sold in packs at the stores, and they would usually cost $4 each. You could also buy a 24-pack box set for $60. I'd buy a 24-pack and scale each individual pack, and I would only open the packs that weighed more. This guaranteed me to get a rare card each time. I would sell the remaining packs for $2 each, and they sold easily. I became a vendor of sorts. I carried a large folder of Yu-Gi-Oh cards to school and sold rare cards while also selling packs of cards. I quickly learned what the going rate of each card was, and I began buying them from others too.
I will continue writing this tomorrow
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