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3 Big Lessons on Life & Money from My Wealthy Uncle. My uncle is a relatively quiet man, like most of us in the family. He does not stand out in a crowd. He is not flashy. You cannot really know what he is worth, or what his story is until you ask. Yet he broke away from the status quo to establish a brand in a niche market he identified. It was hard to get him to speak directly about money as his natural conversation is about vision, resolve and creating a legacy, but as we talked more I realized why it was so. As the 5 th born of a big family, my uncle did not have the world at his feet, none the less he studied & was certified as a mechanical engineer. He got an acceptable job by world

Story of Wealth Creation

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How my uncle built wealth

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3 Big Lessons on Life & Money from My WealthyUncle.My uncle is a relatively quiet man, like most of us inthe family. He does not stand out in a crowd. He is notfashy. Youcannot reallyknowwhat heisworth, orwhat his story is until you ask. Yet he broke away fromthe status quo to establish a brand in a niche markethe identifed. It was hard to get him to seak directlyabout money as his natural conversation is aboutvision, resolve and creating a legacy, but as we talkedmore I reali!ed why it was so. "s the #thborn of a big family, my uncle did not havethe world at his feet, none the less he studied $ wascertifed as a mechanical engineer. He got anaccetable %ob by world standards working ingovernment. "%obtheentirefamilyseemedtolovee&cet for him. He was frustrated."t government, roblems arose, too little ay, thefeeling that there was more he could be doing with hislife and the desire for something challenging. He begantonoticecontractorswhocamebythegovernmento'ces and wonder who they were and why they camethere. I guess they must havelooked(well fed) orsomething, all I know is that he began to research onthem. "fter the research he reali!ed and believed that theywere no better than him. He then made the very tough*as er the standard then+ decisionto getout of thetraof feelingwasted.Heregisteredacomany andchoose to do something in the line of his work. He secures his frst contract,My uncle faced a myriad of challenges after securinghis frst contract. -he frst was access to fnance. .incemakingthedecisiontoleavehis%ob, thefamilyhadconcluded that he was making a mistake and had evensent relatives to (seak sense) to him. He tells me thatno one believed in his idea. It was also around this timetoo that /quity 0ank had established itself as a(eole) bank. Hesoketoabranchmanager whoenabled him to fnance his 123 without any collateral.Hemanagedtosavealot inthee&ecutionof thecontract andwasabletoayutheloanfast. -hisestablishedhiscreditworthinessrecord. Hesoongothis second contract, formally left work and switched toa di4erent line of work after identifying a niche in thesuly of water drilling equiment. -his was not easy though. He had no contacts orguidance. Heresearchedonsources, consumersandcometitors. He even took the risk of travellinginternationallysoastoestablishcontacts. -hishardworkenabledhimtoestablishabrandasthebestsulier of water drilling equiment. -oday, more cometitors are in the sace but he is stillin the lead. He has diversifed his investments and islooking into suly of oil drilling equiment or gettinginto manufacture. .olving 2roblems and ositive thinking,0ut the above story was not the bulk of theconversationwehad. Myunclereallytalkedtomeabouttheimortanceofmanufactureandhowitwillrovide %obs and romote local roducts. Hechallengedmetolookat howI cansolveroblems,how I should not focus on clich5 investments such asroerty only. He lamented over the fact that eole inthiscountryaretooindividualistic. -hat if weulledresources collectively we could do so much more. He talked to me about how we like (one man shows) oflone successes and why that is a wrong way to look atthings. I think 6entonomy is a win because we imroveour fnancial situation together. -here is still more I canwrite on but my big take away from the conversationwas that I should make each day better for someonebysolvingroblemsandthinkingositivelyandthemoney is here.