How I Built a $1 Billion Start-Up Called Misfits Market
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- čas přidán 21. 05. 2021
- Misfits Market is an online grocery delivery service that sells “ugly” organic produce for cheap. In the first four months of 2021 alone, Misfits Market rescued the same amount of food it saved in 2020 as a whole. In 2020, Misfits Market shipped 77 million pounds of food to more than 400,000 households across the U.S. Since launching in 2018, Misfits Market has expanded to both coasts, has over 1,000 employees and has received over $300 million in funding. Bloomberg reports its valuation tops $1 billion, putting it into unicorn territory. But Misfits Market wasn’t an obvious success. In fact, it was just one of many businesses started by its 29-year-old founder Abhi Ramesh.
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How Abhi Ramesh Built Misfits Market
A start up that stops wasting food and makes more money for farmers? A soul satisfying company to be a part of. Congrats to all those who keep the wheels turning. Good job guys.
we should be careful the way we spend money, if you are not spending to get profits at the end, your gradually moving into poverty and losses
be
starting early is the best way of getting ahead to build wealths, investing remains a priority
despite the economic crisis,bitcoin is one of the best opportunities to invest your money, for a better tomorrow
Bitcoin investment is the best when you're on a profit based platform, especially with the current rise
Bitcoin rises and falls daily, so one must know the right time to invest, keep your eyes on the market and get ready to make a move anytime
About 50 percent of the foods are wasted in the US and become methane gas at the landfills. He is helping to reduce greenhouse emissions. Good job!
Did you watch the “Eating less meat won’t save the planet” video too?
@@bettan369 yoooo 😂😂😂
And they said capitalism can't solve environmental impacts
lol you actually believe rotting fruit is a source of emissions?😂😂🤦🏽♂️
@@dearjohn8789 it actually is man. Any rotting organic matter is.
Key to a successful business: find a problem and solve it
The hardest part is deciding which problem you want to solve. And how passionate you are about it.
@@doncosmopolitan the hardest part is really
Just starting.
Don’t overthink it. Do what you love or a problem that you can solve and go for it
what was the problem there anyway? it was for sellers not consumers, also I'm curious what type of customer would buy a damaged fruit for a cheaper price
no , create one problem which did not existed, and then show that you are the best to solve it
and the second rule is if a democracy stands in the way of your profits, then stage a coup.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
@Zahair O'Brian Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
@Zahair O'Brian I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
This is so good I almost didn't believe it was CNBC
LOL. Great comment
Lol. Me too
CNBC has a lot of great content. Love their millenial money and make it videos.
Wow
They have plenty of good content. Wtf are you talking about
The last part gives him the most respect, so many people like to bask in their own glory, this guy gives props to his parents who may have wanted to be entrepreneurial but just couldnt since they came from nothing and he's a continuation of their sacrafice, Major props!
From his facial expressions though he seems like his parents didn’t support him much until he made it and that he’s just saying that since that is his ethnic story. Had he went bankrupt his parents would probably be ashamed of him in their Indian community. That’s the dark side of these stories you never hear about. Which by the way you don’t ever hear about a white entrepreneur.
A lot of the success stories of Asians are ones that have psychological and even physical abuse you never hear mentioned. Im signing up though, it’s definitely something positive to get behind and about time someone took initiative on the billions of pounds of food wasted each year. Good for him.
@@bobby_digital9493 Most parents in the culture don't point fingers at their own kids. Parents worry that their kids will fail and also that others will point to their kids as failures.
They cannnot accurately gauge how much potential he has as an entrepreneur being that they aren't entrepreneurs themselves. So they will err on the side of caution especially when he takes out 150k in debt to get his business off the ground.
The fully supportive parents are generally well off/ or actually have the ability to recognize potential in their child.
As a Indian I am saying.
No Indian migrant in the west 'have come from nothing' they are usually from upper middle class or upper class families.
You need minimum of 20-30 lakhs
(inr 3,000,000) to relocate to the west.
Most middle class Indians back home don't have that kind of money.
@@tl7239 you're wrong on that. My dad came from a lower middle class family, he studied really hard, gained a few years of experience in Qatar and then later moved back to india to somehow get a H1-B visa. he got one after a month with a decent job offer. Total savings at that point in his life would be maybe 2 lakhs at most. he bought his first flight tickets and went there and worked for 2 months and then was able to afford for us to join him. Eventually he found a job that offered better pay in india itself so we moved back.
Any indian can do it if they're skilled and relentless.
@@vasanthplays8776 today if you need to migrate to the US with just bout 2-3 lacs you gotta be getting a job offer directly from an organization in the US. It's not that simple as you say. Else every other skilled Indian would've ended up in the West. Which is why most prefer migrating during their student years and pursue a Masters having a student visa and then try to get a work opportunity so that they can stay back. And if you are not one of those very few who have a scholarship grant then well it would cost you nothing less than 40 lacs and that's not a small amount.
I was a student at Horizons in San Francisco in 2018, when he was running the startup he was doing right before this. Used to see him every day. So cool to see he's here now.
Was anything different about him from others?
@Lion . yes!
@@Leon-pn6rb well, he was the founder! so he was already not really among the "others"
I absolutely LOVE his integrity and the fact that it wasn't about huge profits for himself but in profits in order to reduce the amount that customers paid and ensure greater access to the people. Now that's a company I can feel good about supporting!
Great PR team to tell him that lmao
@@kingkylie9655 True. This company is so fake. Making money out of fake people.
A Misfits customer here. It’s good to know who’s behind the business.
Wanted To Know The Quality Of The Produce Sir...
Yes It Would Be The Second Best Or Third Best...
But Still Is It Good Enough..?
Value For Money Buy...?
Is There Customer Regret / Customer Dissonance...?
@@first6969 you can check online reviews yk?
@@first6969 traditional grocery stores only procure aesthetically perfect groceries from the farmers. This leaves a large amount of aesthetically imperfect but perfectly good groceries to rot. This guy's company sells these aesthetically imperfect produce at very cheap prices. It's good for the farmers, good for consumers' finances and good for Misfit Market. Basically a win-win-win situation!
@@hydrolifetech7911 I'm not sure if the price of the produce is the biggest component of grocery stores or it's the logistics and the store workers. I wonder if such problem wasn't solved earlier because people didn't think it would make much profit. Except for the imperfect produce, everything else what Misfit is doing is already being done at much more optimized and larger scale by big supermarkets. They don't really talk about the profitability of Misfit in the video.
@@sauloncall good analysis
I know it's a different segment, but it is so refreshing to see someone actually make it without 4 side gigs and content creation for a vlog on top of a business. Wealth had a new face with young workers, but the constant hustle and the lie that everyone can be a brand is such a turn off.
I agree. There’s so many ways to make money in this world aside from the use of social media tbh. Also, everything doesn’t have to be monetized! Some things are better left as hobbies solely for self enjoyment!!
This guy is 29 and has more life experience than most people gain during their entire lifetime.
Ťë.x.ť.📨*
*+1../5../0..3/..4/..6/..8/..7/..2/..7..2*
Totally agree.. I didn't even start to code even I am in engineering.
What am I doing with my time? 🤔
the way he talks and explains things, this is a smart guy, no wonder he is successful with his projects now, and probably any projects in the future
not just smart but he has the guts and confidence in himself and his work
India creates more entrepreneurs outside Indian than within.
Because in India, any originality is beaten out of you by teachers and parents.
he is american not indian
@@winfredj9820 What I was trying to say is that people of Indian origin find immense success abroad because they're in an environment which nutures innovation and originality. While Indians who live in India are in an environment which stifles creativity. That is why there an unusually high percentage of Indian orgin CEOs in the USA.
@@smathew8810 ahahahahahahhahhahhahhahaahhaahhah
epic
I do believe India and the rest of world has the same number of talents, Bill Gates, Elon Musk, etc. but India and the rest of the world don't have the necessary infrastructure and sociocultural framework to support this. And this is what sets aside America from other countries; endless flow of talents and brilliance from in and outside of America
THIS is the content we want CNBC Make It! Founders actually talking about how they grew their companies, instead of filler. Love it!
Agreed!
@Oprimo Thiago Other crypto might not survive the long run but Bitcoin is here to stay. with great power comes great volatility. Buy, Hodl & invst that's how to make it out alive.
The Crypto Mrket pumps! Bitcoin $54k, Xrp $153, Ether $2755 Vechain.... "Every good coin will pump but not on the same day. Don't overcomplicate things in the bull market. buy the dips, Hodl and invst wisely if youre a newbie get information from youtubers or employ a Mrket/ Risk expertise.
@@bushlang5473 There was a time i was worried that Bitcoin may not last. That was 8 years ago. i had only read the white papers. I'm glad to have bitcoin birth in my Era. what amazing good fortune this is!!!!
@@linus8092 My uncle ignored my Advise to buy.Hodl and invst $btc at 5k. My uncle ignored my Advise to buy. Hodl and invst $bnb at $30. Now my uncle independently bought $Doge as his first crypto purchase at 40 cents. Some people cant be saved
I feel so inspired after watching his story. It's like every decision he made in life led him to this final accomplishment. The fact his was able to work at these fancy firms, meeting those connections, which then propelled him to build his business. His story also shows you the true value of having access to a great education, it opens doors to circles of people you wouldn't have access to meeting in an average job. In addition, he has nerves of steel, $150,000 in credit card debt would make anyone go crazy.
😎
Wow your comment is very informative and inspirational ❣️🙂
this was like an all or nothing. He would have had to declare bankruptcy if it didn't go according to plan
His family has his back if he fails. When you have a supportive family, you can take the risk.
The balls on this guy to say his business is making 200k a year to predicting it will do 350mil the year right after. INSANE
turn over, but yeah incredible
It's 200 million bro not 200k
He has been deceptive this whole video. He was collecting preorders for this unoriginal idea before he even had product, and was saved because he had rich friends.
@@sabrinakingsley798 I feel like everyone missed that. His success is mostly attributed to his vast network that he built from his MBA school. He past business fizzled out because he couldn’t secure the funding to maintain its expansion. Now a friend in major hedge fund puts in a word for him and he cans secure millions in funding.
@@shqiponj1403 And? After all, networking is a big deal no matter what you do. He obviously made the right choice going to that mba school. Eitherway, he would have had to use networking eventually to find investors. And also how was he deceptive, he actually said, that he was offering pre-orders first to get a sense of the demand
My God....a company that actually does something and has a product.
And a product that people insisted on throwing away for over 50 years because everything in grocery stores have to be perfect.
You must not know what SAAS is
@@gidd I'm very saasy and fierce.
@@tizzlekizzle stop 😆🤣🤣🤣
This gentleman is very smart to begin with, and he has a ton of grit. Keep up the great work.
This was an idea that should’ve happened AGES ago! No food waste as a business model was genius
wow I really do believe you.
according to my colleagues who are already investing and earning in Crypto, said crypto is the real deal, yet most people sit, eat and do nothing
I have been hearing lots of testimony about cryptocurrencies but how do I get involved
@@randyjakes6414 that should not be a problem, James Donald is a professional, he always helps.
yeah I have also heard of him, in other channels his strategies are good.
That Drive though !!
Can’t even imagine taking a risk of 150k credit card debt..
It's one of the stupidest things anyone that wants to start can do, and for many it can lead to financial ruin. There are some that have succeeded though.
@@tomr164 Exactly. Unfortunately, people get fooled by survivor bias and ignore the people who took he same risk and ended up suicidal...
Most probably his parents would have paid it if it had come to that. So he knew it wasn't that big of deal.
He's a beast, he was ready!
finally someone made more sense of the food production in the US. it was hard to believe learning of the food culture in the country, throwing out so much
I love that despite the success he isnt raising prices
His business works because he sells produce cheap. Thats the ground on which he's standing.
@Aswath Narayanan Uh because normally many businesses increase their prices after success. Ever heard of netflix? Amazon?
@Aswath Narayanan k 🙄
Facts
Success is a choice and profit making is top priority, with will there’s always a way, I’m almost on six figures investing on Stocks and ETFS.
Look him up
Contacts on there
Remarkable I really don’t mind learning as long as I’m in same shoes with you. Profit making at the end is priority
This is a scam people
@@David-so6kv there are so many scams. It's crazy BB because to me it's all soooo easy to spot that it's fake, but someone obviously falls for them or these jerks wouldn't be doing it.
china no.2
He solved crucial food wastage problem.
Congratulations on your success! I am one of your customers. There have been a lot of changes recently ar MM. Please dont move from your original concept of wonderful organic misfits at a lower price with great customer service. Those are the things that make loyal customers and fans.
I have been a customer for a little over a year but never knew the history. Very interesting and kudos to Abhi for his determination and drive!
It's helping people save money. if people save money they have nothing to worry about anything
Nancy can u tell how is the quality of the fruits u get from Misfit compared to the fruits we are getting from the markets (I just wanted to know and i'm piyush from india ) 🇮🇳 😌
@@FactNight I live in Florida so when our produce is in season I would say the produce I can find locally is cheaper than Misfits and the condition of the fruit lasts longer. When I get produce such as apples or vegetables that are not grown in Florida or when our season is over I am very happy with what I receive from Misfits and found it would last much longer. The prices have risen but they have gone up everywhere.
@@nancycrair7869 oo beautiful Country 🚩☺️
i think the main reason for his Success is providing fruits in the off season and at a cheaper price, what do u say ? 😌
I love the grit Indian-American immigrants have.
Simply tough, simply focused!
💯
I agree, Indian-americans are one of the most hard working and ambitious people I've ever worked with.
The story always seems the same. Previous failures as building blocks for present successes. Good job Misfit and the CNBC team.
How about someone who hits early success and then becomes broke instead? Is that what you're asking for?
@@TurrkeySlap Your comment implies that he was using a sarcastic tone. If he wasn't, then he'd be implying that the general formula for success is learning from your mistakes. Maybe he can clarify.
Better to fail and learn from it and scale to be successful.
He just had rich friends in vc to support the implementation of his unoriginal idea. This isnt new. The rich just keep getting richer.
Nothing wrong with unoriginal idea though. Different implementation.
This is an act of genius!! Lesser waste of food, and helping people with lesser money, this is great!!👍😃💕
How much cheaper than regular groceries?
I knew many failed in this grocery venture or delivery in 2000. One I knew in Oakland, CA witch was converted to Kaiser warehouse. So congrat to Abhi who made it work! He is one example " never give up".
Love that this is a win-win for everyone! I think of all the food deserts that can now get affordable, organic food and the farmers that make more profit for their previously discarded crops.
⛲️
Moral of the story: it all adds up and biting at all possible places helps. I've noted it thanks.
The founder truly embodies entrepreneurship and living the American dream. So inspiring.
The American dream isn't real
Okay the Asian American dream
@@aaaa-fq1ue it is real but lazyass people won't see this dream ever. Imagine an immigrant aditya making more money than roadside homeless native bob who is just consuming drugs and cursing system for everything. Dream is real but you have to live in it to make it reality. This guy risked his life by maxing out his credit cards for 150k. Nothing comes easy
@@bendover-bz4bc Parenting plays a huge part, your job as a parent is not to love your child unconditionally but to give that child a proper education and health.
This man did solid work, I love his hustle and self-reliance.
This dude is seriously smart, and the business he's created here is helping eliminate waste which is much-needed. Very impressive!
This is just such an amazing journey. Congratulations to this young man. He really challenged all limits! Kudos!
I like how these companies do nothing but up efficiency for the market as a whole. This is how we move forward in the world and power growth.
Entrepreneurs still don’t realize that luck is an aspect of your journey. But along with recognizing the opportunities that’s out there.
Great story
This is a really inspiring story about how taking a calculated risk and finding a way to solve a problem can lead to success. Abi did a great job of coming up with a solution that nobody else thought of. Best wishes to MisFits company.
WOW this a great deal of golden nuggets of learning. Something not taught in school these days.
This is my new favorite series by y'all
Always try and Lear new things.
I appreciate that he was able to recognize the areas he lacked and took initiatives to fill those holes.
Keep up the good work.
Love how this guy is down to heart and practical, unlike most of the founders that think they are some sort of Illuminati
Great video, Most times it amaze me greatly the way I moved from an average lifestyle to earning over $63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities are bound in the financial markets, The only thing is to know where to focus.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or crypto and stocks.
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@dralfred2400 That won't bother you if you trade with a professional like Mr Tony Alin berker my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@susanhaynes679 You allow people to trade for you ? that's interesting , how safe is it ?
Wow I can't believe you guys are discussing about Mr Tony Alin berker, I once met him at a conference in California 2019, just before the pandemic. I can testify that is very good in trading..Highly recommended.
Thank you for your inspiration to allow me to continue with my start up journey!
"Went from a 700 sq. ft. warehouse..." so, his apartment? Nice!
Major kudos to Abhi! The world needs more of this kind of thinking. Cut down on waste, supply essential needs, reinvent commerce, distribute wealth....it's brilliant. - Cheers. 🍸
It's an inspiring story. Congrats to Mr Abhi for all the effort that leads to this success and keep doing the great work.
Such a great concept. I'm so happy someone is tackling food waste.
One of the best ways to fight food waste. I hope everyone watches this video and give them a shot!
Well this gives hope to us struggling entrepreneurs but you definitely need friends with big pockets and big hearts as well in this journey. Where we're all not so lucky at. Well done Abhi.
A clever guy and his story with all the ups and downs was very insightful. Thanks!
Every day of my life I always regret selling my bitcoins 8yrs ago.
See how much its worth now.
You have to be calm dude.
No one ever knew it would get this high.
True you have a point.
Crypto is the future, trading crypto has
become a lucrative way of making money
@@jackrodney9629 Do you trade by yourself?
No I don't
I trade with binance with the help of an account manager
Tremendous inspiration. It's amazing how the fulfilment of people's needs will always fuel success when that fulfilment is done with thoughtfulness, innovation and connections between consumers and real services
🚀
Seeing these kinds of businesses that are good for humankind doing well is really really great.
I freakin' LOVE him!! Great job!! This was amazing to watch!!
So he basically hit upon the opportunity by doing something new “picking apples” at a local farm for leisure.
Try new things and stay curious 🧐
That’s my takeaway 🙌
Thanks for the awesome video 👍
Amazing series we need more of this !
loved this business idea since the beginning, glad to see the growth and success
Just saw an add on CZcams so I ordered a box, can't wait to see the quality of the products. Good Idea Man! Blessings continued.
A continuation of his parents' American dream, he says... wow, that was touching
Congrats Abhi. That was really good interview. God bless you. Wishing you many more laurels in all your future endeavors.
Just loving the fact that his parents took a risk to relocate to the land of opportunities, and an opportunity came for their son. How awesome is that. I am just here to celebrate the parents decision.
I really appreciate this video
This is exactly what I need as motivation
When you invest you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
@One Big Happy Life It's not ignorance but due to some unprofessional expert in the market
I saw a recommendation like this about the same trader earlier this year,I had a chat with her then she opened a trading slot for me,making an initial investment of $500 and got a Rio of $5000 in 7days
The stock market is still a fantastic tool for building wealth, however, so it's wise to consider investing even if you don't have much money to spare
Money is a tool that can help you to achieve your goals. It can provide comfort and stability for your family, make it easier to plan for the future, and allow you to save towards important milestones. But to achieve these things, you need to know how to make your money work for you by investing with the right signal.
@Samanthwalter Archie I’ll recommend Tamara Diane Hagan for you, her strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
@Samanthwalter Archie Look up with her name online for her web page and you will find her contact there.
I love seeing how founders first started. Great work Abhi and Misfits!
What a great guy and also wonderful parents!
nice concept dude, really nice.
This is the real value chain
Successful people don't become that way overnight. What most people see at a glance wealth, a great career purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
Assets that can make one successful in life
1. Crypto
2. Stocks
3. Shores
You are right sir
But I don't know why people remain poor due to ignorance
Investing in crypto currency now is the best thing to do especially with the current rise in the market
What a lovely bloke he’s deserves everything he has ❤️👊
What a great story! Thank you for sharing. This was really interesting.
Thank you for sharing this story! My partner and I have been thinking to join Misfits Market as the inflation locally are becoming more apparent. I am inspired by the story that he kept on pushing forward knowing each step were risks! My current career shift is taking a while as well however i keep pushing and i know one day I will be successful!
Job will pay your bills, business will make you rich but investment makes and keep you wealthy, the future is inevitable
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mr Harold
He has been handling my account for years
Wow I'm just shock someone mentioned and recommended expert Mr Harold I thought I'm the only one trading with him
@@charleschan8235 You don't need to be shock because I'm also a huge beneficiary of expert Mr Harold
@@charleschan8235 He help me recover what I lost trying to trade for us my self
This was so inspiring man! I'd have crapped my pants to make a bet on my startup by maxing my credit cards. I'm so scared of debt. This could have gone incredibly wrong, but it went incredibly right!
Praying for your success brotha 💯 it's all gonna come back, keep betting on yourself and you're going to see the results.
Wow it game me goosebumps of knowledge to start looking for a similar product
I remember a Japanese guy did this concept first. I forgot the name of the dude. But pretty sure he did this first, search that one too CNBC
Glad to see that Tom Haverford keeps having good entrepreneural sense. I mean, after working all those years in the Parks and Rec departament at Pawnee, Indiana.
That makes sense , good thing is people are getting to know Cash is pretty much trash, it
is designated to fail eventually, 3 BEST and surprisingly easy ways to double or hold your
funds in 2021; Real Estate, Gold, Who can guess the 3rd??
Has to be stock trading, made my first million through it earlier this year as a newbie
after I met a professional from a reputable firm, retiring next year with absolutely no
fears
@@rockwellantonette4238 Congratulations in advance on your retirement, That's impressive big bucks, personally
tried doing that on my own with no luck for sometime now .Who is this professional you worked with please?
stripping? onlyfans?? I can go on and on lol
@@katrinaotto7545 not funny
@@onieodelia5840 "Alisan P Martin" she was in the news when she revived Grumac company in 2018. You can
look her up on the web to get more info on her
Wow! You are an importation to me. Prof of where you have come!
I’ve been using Misfits Market for about a year and I love it. I live in a small town in Utah and our produce is very limited. It’s not just fruit and vegetables but also meat, cheese, bread, eggs, snacks and lots more. I don’t think it’s overpriced and the selection is very good.
Thanks for the back story!
Excellent interview! Thank you so much for sharing this.
Waw!! he has a lot of courage, I like his story
Great little interviews. Love it!
Sheesh that last part hit home. My parents immigrated here from Algeria so I could have a “better life”, children of immigrants prob feel like they have to take advantage of the various opportunities that they have more than non-immigrants do
You're stunning.
They are also generally smarter owing to the dismal education provided by American primary and secondary schools
@@abepresume8132 thank you :)
You did get a better life. Stop complaining
Right!! So much pressure
Amazing story...
Genius, find problems and provide solutions. Well done!
It is interesting how this kind of founders navigate the whole aspect of the business. For this case, the logistics process, its a challenge to employ people (esp. in leadership) who will participate on the business vision the founder has.
"his family risked it all to go to America and wound up in the suburbs of Atlanta"..in other words, they were rich in India.
Hmmm...No[e , i have seen people Really Really risking things like taking a loan, burning all their savings to get that one chance to settle in US and also seen people who got green card return to india and got their cards canceled.
@@jaygadhiya9908 Most of the people coming to the U.S and Canada are decently well off to rich. Its the same for lots of other countries especially from central and south america
@@zochbuppet448 can say decently well off but definitely not rich, if a family is migrating to live a better life then definitely they are not so well off in their own country, incase of students you can assume they might be coming from well off families but still lot of them come by taking loans from bank, i know this because even i am going to do the same.
@@zochbuppet448 Depends. Indian engineers are often from very lower middle class, even poor families and more so in the 70s and 80s. In those days the engineering colleges were free, even today the top ones are subsidized. They may have come with no money, but yes a professional degree and job.
And Dina, with that, this story means absolutely nothing to about everyone else
Wow. Just wow. This man is a legend.
This guy is sooooo inspirational, he found his niche n is now feeding others👏🏿👍🏿🙌🏿
Thanks buddy, helped put things back in perspective, cheers
I just turned 23 and want to devote myself into becoming a millionaire by 30, I already have £80k saved, £65k lump sum following the death of my father and £15k in personal savings. So far ive come across dropshipping, stocks, and real estate as the most popular means of doing so but i was wondering if any of you guys had any other suggestions, at this stage im just trying to learn about the most viable ways of achieving success within 10 years
THE REAL WEALTH WILL ALWAYS BE LAND,GOLD,NATURAL RESOURCES. THATS IT
The one effective technique I use is staying in touch with a financial coach or advisor for guidance, it might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market during the pandemic and raise a profit of roughly $250,000 since January
My only advice is : Read some good books on investing
@@whitneysewell1172 please I'm interested to know who your financial adviser is and how she can be reached?
@@VernDubin501 My tutor is “Lena Marian Nebel” and you can find her online if you wish to get in touch with her, all her details are provided online
But don't miss out on that $150K number. Most businesses failed including his previous ones. Getting in that kind of debt is life-changing. Just word to the wise.
Proud of you. Stay Blessed.
This is what resilience looks like. Entrepreneurship is hard, and only the ones who give it another go after successive failures are the ones who make it to the top and reach billionaire breakthroughs. So keep trying.
Wow here I thought about creating a business like that in elementary school. After reading a book about food waste like 8 years ago. Only problem was I lived like a hour from the closest farm. Also I was 9 so I had no experience. What would I have done? Told my dad to start a business for me? Who complains he has no free time/energy only working 40 hours a week. Now I am more educated financially enough to capitalize on my next idea.
I disagree that nobody saw the 2008 real estate burst coming. I saw it when I sold my house in 2004. I mean it was unprecedented that the value of my house doubled in 8 years. And the buyers of my house were given a loan of 105% of the purchase price. Then I read that people had taken out balloon mortgages. Then, I was offered a "no doc" loan to purchase a condo. I mean the red flags were HUGE.
I'm holding my AMC stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson
@@emilyfranklin8190 the problem with newbies is seeking instant result instead of taking it step by step. the market is not always bird of roses as it seems. a coach to manage your portfolios are key at times
Wow such an inspiring story and good work CNBC 👍👍👍
Awesome Story- Great Business Concept!!!