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My Entrepreneurial Spirit At A Young Age

By Erik Folgate

I was going through some old junk a few days ago, and I stumbled across a necklace that I made when I was in elementary school.  When I was young, I would buy materials to make beaded necklaces, bracelets, and anklets.  I don’t think I charged enough money for them, but when you are working with kids whom only have enough money for lunch, you’ll get what you can take.  In middle school, my friends and I used to take cans from neighborhood recycling bins, crush them, and take them to the recycling center.  We would get $5.00 for every so many pounds.  It ended up being enough money for some baseball cards and Checker’s burgers. 

My entrepreneurial spirit went on a hiatus during high school, but then it kicked into full gear during college.  I became consumed with selling on ebay, and I made enough money to have fun in college.  However, even Ebay is turning me off, lately.  The site is flooded with scammers, crappy merchandise, and overpriced, refurbished products. 

Do you have any stories about the entrepreneurial spirit in you?  I believe everyone has this spirit that drives us, and I believe that it was instilled in us due to the society we live in.  We are governed by a free market society that allows anyone to become a millionaire.  All it takes is a great idea, hard work, and something that fills a need in your community.  If you’ve read “The Millionaire Next Door”, then you know that most millionaires in the United States are small business owners, not professionals.  When you control your own financial destiny, great things happen. 

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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