Saturday, September 25, 2004
Do you want to get really rich? Open a discount retail store.
Those impressed by the fortunes of Bill Gates and Warren Buffett should look at the five people tied for fourth place on Forbes 400 list. They all have the last name "Walton", and together have more wealth than Bill and Warren combined. Say, "Thank you, Sam."
BTW, Sam lost his first store when he bungled the lease by leaving out a renewal clause and the landlord took it from him. Then his first successful store in a shopping center was destroyed in a storm. He didn't start Wal-Mart until he was 44 years old.
So if you learn from your mistakes, keep on pluggin', and live like it's never too late, you can die and leave your kids wealthy beyond all dreams of avarice too.