Fast forward.... in a post titled 'how did you make the first kes 10million' one of the responses might read like ...

Made my first million within a year after campus. Was working at the time but I decided to start a business on the side and just kept looking for jobs and tenders and applying for them. After about 4 months of endless applications, finally landed a small contract which I over delivered on and that led to another that paid 4.8million with me taking a 2mill profit in 2 months. I was barely 25 yrs old then. Invested 1M in a new business and 1M in the NSE, quit my job.

This guy is probably a billionaire or in the hundreds of millions...wazua surely has some big fish

Not quite. Early success can be a double edged sword. It made me overconfident and I ended up blowing quite a bit of money on a business that never came through which took me back to square one. The big lesson learnt is don't let success get into your head, understand factors apart from how "smart" or determined you think you are that led to your success i.e. what are the fundamentals of the business you're going into and are they favorable? It's like a swimming competition, the guys swimming in the same direction as a fast flowing river will move faster than those swimming against the current no matter their swimming talent.

@ mv_ufanisi - you are an inspiration. Even your response to the congratulation/admiration of how you stayed humble in your achievements, just brings out the virtue of humility more. Kudos.

For me I think while others were making their first million, I was busy having a pity party, no story there. However, I have been fired up by reading through this and other threads in the forum. I intend to save in the sacco, then borrow prudently and put up rentals.

I may probably have a "first million" story in 2016-2017 na huko.

Truebeauty, we are on the same path. I am sure we will be back some day to share on this thread!

I have assets worth millions and loans of millions. My assets are more than the loans by millions. Do I qualify as having made my first million(s)

You may qualify but you're in a risky position. If interest rates suddenly went up or your asset value suddenly reduced e.g. in a real estate bubble you might find yourself a -ve millionaire especially if you're operating this in your person.

I remember this couple in the UK who were in real estate. They owned property worth 30 million pounds and had a loan of 13 million pounds meaning that they were deep in the money. When the big real estate crash of 2008 happened, their property became worth only 10 million pounds and the banks were asking for all the money asap. They had to liquidate the property and went from a 17 million pound netvalue to -ve 3 million and had to seek unemployment benefits.

Their greatest mistake was to conduct their real estate business as not a business but as individuals. At least if they were doing it as a business they could have declared bankruptcy and saved their personal assets, now they are 3 million pounds in debt.

I borrowed!!! Then multiplied it.

For me I wish it had read " how did you make your first 100,000"...I would have surely contributed