Initial investment: R 0.79 (seventy nine cents)
Current lesson: 265 (Week: 265)
Value as on 28 February 2007: R 10 067 179
Read the Financial Statements for the year ended 28 February 2007 (181Kb)
Read the Report on the Valuation of Senbiz (Pty) Limited (238Kb)
Read the Report on the Workings of Senbiz (Pty) Limited (15Kb)
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Goal on 2nd September 2004
My goal is to make more than R10 million in 5 years - by (1st November 2009) by investing less than R1000. (My total risk is therefore less than R1000)
By using this challenge I want to teach people through a mentoring process how Iím using the Amazing Formula For Wealth Creationô to reach my goals, and in the process I want to teach them how to become independent entrepreneurs and investors.
In the process of building this R10 million net Asset (Assets minus Liabilities) over the next 5 years I want to:
- Start at least four successful new businesses without any risk. (the mentors businesses not included in the challenge)
- Buy a minimum of twenty properties for "free".
- Build passive income streams of more than R100 000 per month.
- Donate a minimum of R1 Million to the Pretoria School for Cerebral Palsy Children
- Give my students an insider's view of HOW I am going to do it. Step by step.
- Share the Amazing Formula For Wealth Creation with my subscribers and show them how I'll use this system to achieve all of my goals and dreams. I have used this system to develop myself over the last twenty two years. The Amazing Formula For Wealth Creation stands on four pillars and they are my:
- Formula for riches
- Eight laws of a successful entrepreneur
- Mercedes Principle
- Accelerator Strategy
- Use only two asset classes to achieve my goal and that is business and property.
- Use my wheel of life model to keep and create balance in my life.
- Use all the resources and experience that I have accumulated over the last 22 years as a successful husband, father, friend, professional insurance broker, financial planner, business consultant, risk manager, businessman, coach, writer, teacher, property investor and entrepreneur to achieve this goal. In other words I am going to capitalize on my first law - invest in yourself first - I am going to use what I have learned over the last 22 years.
- Teach my students my soft skills that have helped me to live a life of abundance like:
- Direct, One on One, Seminar etc
- Time management
- Self Motivation
- Value and Qualities System
- How I set priorities
- How I manage relationships
- Goal setting keys I use to achieving my goals
- How I manage change
- How I use the six basic needs to have a fulfilled life
- And much much more
I will not use any existing security for any of the businesses or properties.
I will not include the subscription fees that I get for the mentoring process in the R10 million objective
This mentoring will not interfere with any of my existing businesses - in fact I will use the Accelerator Principe to synergize with all resources available to me and to improve the overall productivity of my other businesses as well.
I am going to have a lot of fun, while Iím learning Iíll enjoy the process. Join me and share in the Fun.