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Nov 23, 2021

Making it admist the economic problem

 How can I become rich in a poor country?



Take what I’m going to tell you here, with a grain of salt


I’ve made most of my wealth in the US (pre-dominantly

Which is to say, I’ve been playing the GET RICH GAME in “easy mode”, so to speak

So, yeah…That’s my disclaime

That said, I’ve got many friends and business acquintances around the globe, who’ve gotten rich in developing countrie

And from listening to their stories and even travelling with them to their home countries, I noticed that there’s a system of behavior and beliefs all of them have in common

It’s exactly that “system”, which has made it possible for them to get rich in their countries

And it’s not “work hard” and save 10% of your paycheck and invest in the S&P 500″, or some other platitudes like this

Far from it

Amir, for example, is a good friend of mine who grew up in Egypt

To say that he was raised in poverty, wouldn’t do him justice

After seeing the neighborhood he spent the first part of his life in (he took me to Egypt a while back), I got a completely different perspective on what it means to be poor

The streets in his home town….Oh man

No sewege system. Rats running around. Flies everywhere. The nauseating smell of feces….A complete lack of hygiene and basic infrastructur


But all those things, the dirt and whatnot, aren’t even the worst factors, Amir told m


You kinda get used to the lack of roads, transportation, and cleanliness. It’s easy to find ways to work around tha


The biggest problem is the lack of hope and vision for peopl


There’s no jobs. Corruption is rampant and people have very little money to begin wit


And Amir’s family was on the lowest rung of societ


His father worked as a day laborer, and his mom was a seamstres


Together with his 3 siblings, they lived in a dirty, self-built hut, just outside of Cair


But Amir was different than other kids. He was always somewhat of a people watche


Looking at all of the other families in his neighborhood, and seeing how almost none of them made it out of there, made him see through the “Matrix


All of those people and families, who stayed trapped in poverty, would get a very basic education (at best) and then start to work as day laborers or as low-skilled workers, trying to earn money in a jo


But those that improved their lives and at least managed to move into a better neighborhood, all made money in a busines


Does that make sens


Good. Let’s get back to Amir for a sec


How did Amir manage to start a successful business and get rich in those appalling condition


By turning shit into gol


And I’m NOT saying that as a joke. I’m mean this literall


Amir made his intitial money in the…Well, let’s say “waste reduction industry


As a ten year old, he and his older brother Farook, would walk two hours into a wealthy neighborhood, and start cleaning the streets in front of people’s house


Some days they’d get paid a couple pennies. On other days, they’d get chased away and go home with empty pocket


It dawned upon the two brothers though, that they wouldn’t exactly get rich this way


But they had one huge advantage that wasn’t even apparent to them, in the beginnin


From talking and listening to all those wealthy (or at least NOT completely impoverished) people, Amir and his brother had identified one big, painful, stinking problem all of these people share


Their toilets would bog up. Regularl


And although there were plumbers “on the market”, who could be hired to repair toilets….None of them seemed to do a good enough job, to get hired agai


That was Amir’s and Farook’s chanc


They started to repair people’s toilets for a modest fee and started to offer and provide additional services on to


So, while one of them wouldn’t repair the toilet, the other brother would clean the bathroom for fre


Can you guess what happene


The two brothers developed a reputation for impeccable service and wor


And although, some stingy people wouldn’t pay them a measly ¢ for the additional cleaning job, the additional clean-up job “wowed” most of their customers triggering the powerful feeling of RECIPROCIT


In other words, those clients felt indebted to Amir and Farook and would pay them extra, hire them again and again, or even recommend them furthe


But most importantly, the two brothers used their reputation and all the testimonials to work their way up into wealthier and wealthier households, demanding an ever increasing pa


Soon, they were hiring boys from their neighborhood and expanding into other markets, such as waste transportation, recycling and providing plumbing services to upscale hotels (tourism is a HUGE industry in Egypt


What’s to learn out of this? What’s the SYSTEM OF BEHAVIOR that led to riche


Take responsibility. I’m not going to pull a “self-help guru” on you, and explain why responsibility is important. You know why. Your country is fucked. The goverment won’t help you. There’s corruption everywhere. You have no money. No one is going to save you. It’s on you to learn the skills and take the actions, that’ll make you ric

Build a business with a cause. Don’t JUST go after money (at least initially). Improve lives and reduce suffering. Find an unsolved or not sufficiently solved problem people have. This shouldn’t be a challenge in an under-developed country. Waste reduction. Electricity. Road construction. Transportation. Shoes made out of recycled tires. Clothing

Acquire the skills and knowledge necessarry to get the problem solved. No excuses. You have the internet. You can learn on the job. Do whatever you can. You don’t have to be a programmer or a tech genius. Just creative enough

Provide a product or service, which solves said problem. A service-based business usually works best, as it requires little to no start-up cost and has a low overhead

Learn to attract affluent people. Other rich people are your ticket to riches. They have the money to pay you. Provide an impeccable service and product. Be on time (in many developing countries this alone makes you stand out positively). Be well-spoken and polite

Build continuity into your offers. Make it one of your biggest goals, to secure a monthly recurring revenue. This gives you a lot of certainty

Learn to Sell & Market. Amir didn’t stop at providing his service to homeowners. He smartly positioned himself as a premimum service provider, and began selling himself to increasingly “higher-ticket” customers and refining his persuasion process. He used testimonials and endorsements to his advantageHow can I become rich in a poor country

Take what I’m going to tell you here, with a grain of salt


I’ve made most of my wealth in the US (pre-dominantly


Which is to say, I’ve been playing the GET RICH GAME in “easy mode”, so to spea


So, yeah…That’s my disclaime


That said, I’ve got many friends and business acquintances around the globe, who’ve gotten rich in developing countrie


And from listening to their stories and even travelling with them to their home countries, I noticed that there’s a system of behavior and beliefs all of them have in commo


It’s exactly that “system”, which has made it possible for them to get rich in their countrie


And it’s not “work hard” and save 10% of your paycheck and invest in the S&P 500″, or some other platitudes like thi


Far from it


Amir, for example, is a good friend of mine who grew up in Egyp


To say that he was raised in poverty, wouldn’t do him justic


After seeing the neighborhood he spent the first part of his life in (he took me to Egypt a while back), I got a completely different perspective on what it means to be poo


The streets in his home town….Oh man


No sewege system. Rats running around. Flies everywhere. The nauseating smell of feces….A complete lack of hygiene and basic infrastructur


But all those things, the dirt and whatnot, aren’t even the worst factors, Amir told m


You kinda get used to the lack of roads, transportation, and cleanliness. It’s easy to find ways to work around tha


The biggest problem is the lack of hope and vision for peopl


There’s no jobs. Corruption is rampant and people have very little money to begin wit


And Amir’s family was on the lowest rung of societ


His father worked as a day laborer, and his mom was a seamstres


Together with his 3 siblings, they lived in a dirty, self-built hut, just outside of Cair


But Amir was different than other kids. He was always somewhat of a people watche


Looking at all of the other families in his neighborhood, and seeing how almost none of them made it out of there, made him see through the “Matrix


All of those people and families, who stayed trapped in poverty, would get a very basic education (at best) and then start to work as day laborers or as low-skilled workers, trying to earn money in a jo


But those that improved their lives and at least managed to move into a better neighborhood, all made money in a busines


Does that make sens


Good. Let’s get back to Amir for a sec


How did Amir manage to start a successful business and get rich in those appalling condition


By turning shit into gol


And I’m NOT saying that as a joke. I’m mean this literall


Amir made his intitial money in the…Well, let’s say “waste reduction industry


As a ten year old, he and his older brother Farook, would walk two hours into a wealthy neighborhood, and start cleaning the streets in front of people’s house


Some days they’d get paid a couple pennies. On other days, they’d get chased away and go home with empty pocket


It dawned upon the two brothers though, that they wouldn’t exactly get rich this way


But they had one huge advantage that wasn’t even apparent to them, in the beginnin


From talking and listening to all those wealthy (or at least NOT completely impoverished) people, Amir and his brother had identified one big, painful, stinking problem all of these people share


Their toilets would bog up. Regularl


And although there were plumbers “on the market”, who could be hired to repair toilets….None of them seemed to do a good enough job, to get hired agai


That was Amir’s and Farook’s chanc


They started to repair people’s toilets for a modest fee and started to offer and provide additional services on to


So, while one of them wouldn’t repair the toilet, the other brother would clean the bathroom for fre


Can you guess what happene


The two brothers developed a reputation for impeccable service and wor


And although, some stingy people wouldn’t pay them a measly ¢ for the additional cleaning job, the additional clean-up job “wowed” most of their customers triggering the powerful feeling of RECIPROCIT


In other words, those clients felt indebted to Amir and Farook and would pay them extra, hire them again and again, or even recommend them furthe


But most importantly, the two brothers used their reputation and all the testimonials to work their way up into wealthier and wealthier households, demanding an ever increasing pa


Soon, they were hiring boys from their neighborhood and expanding into other markets, such as waste transportation, recycling and providing plumbing services to upscale hotels (tourism is a HUGE industry in Egypt


What’s to learn out of this? What’s the SYSTEM OF BEHAVIOR that led to riche


Take responsibility. I’m not going to pull a “self-help guru” on you, and explain why responsibility is important. You know why. Your country is fucked. The goverment won’t help you. There’s corruption everywhere. You have no money. No one is going to save you. It’s on you to learn the skills and take the actions, that’ll make you ric

Build a business with a cause. Don’t JUST go after money (at least initially). Improve lives and reduce suffering. Find an unsolved or not sufficiently solved problem people have. This shouldn’t be a challenge in an under-developed country. Waste reduction. Electricity. Road construction. Transportation. Shoes made out of recycled tires. Clothing

Acquire the skills and knowledge necessarry to get the problem solved. No excuses. You have the internet. You can learn on the job. Do whatever you can. You don’t have to be a programmer or a tech genius. Just creative enough

Provide a product or service, which solves said problem. A service-based business usually works best, as it requires little to no start-up cost and has a low overhead

Learn to attract affluent people. Other rich people are your ticket to riches. They have the money to pay you. Provide an impeccable service and product. Be on time (in many developing countries this alone makes you stand out positively). Be well-spoken and polite

Build continuity into your offers. Make it one of your biggest goals, to secure a monthly recurring revenue. This gives you a lot of certainty

Learn to Sell & Market. Amir didn’t stop at providing his service to homeowners. He smartly positioned himself as a premimum service provider, and began selling himself to increasingly “higher-ticket” customers and refining his persuasion process. He used testimonials and endorsements to his advantage.....h.s?).y.r.Y.k.d?e!p.e.n!y.d.g.….s.s..”y.d.s?….e?s.b.”.r.o.s.y.h.e.t.e.e.….r.e.t.….s.s.n.s.r.k.)..?.....h.s?).y.r.Y.k.d?e!p.e.n!y.d.g.….s.s..”y.d.s?….e?s.b.”.r.o.s.y.h.e.t.e.e.….r.e.t.….s.s.n.s.r.k.)..” customers and refining his persuasion process. He used testimonials and endorsements to his advantage

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