Showing posts with label Millionaire. Show all posts
Showing posts with label Millionaire. Show all posts

Frisbee: That Lucrative Pie Tray

Monday, February 15, 2010



I've made some very good friends when I joined an Ultimate Frisbee team some years back. One of my former teammates informed me last week that Walter Frederick Morrison, the inventor of the beloved flying disc, passed away at 90 years old.

His story reminded me of an earlier post about a friend who made money by tearing a rusty and dilapidated boat and sold it as scrap metal for 20 times its original price. It takes a complicatedly simple form of creativity to see anything potential out of that, the same way Morrison heard the kerching ring in his head after seeing the empty tins fly back and forth across university lawns.

See, it all began when Morrison decided to turn the remains of Frisbie Baking Company's pie tray into something officially fun since university students would toss the piece of tin after eating some pies. It looked like fun and soon it became a past-time. That was around the time people were captivated by the UFO and flying saucer hype.

Then, something clicked in Walter Frederick Morrison's brain who was then a building inspector in 1948.

The first plastic Frisbee was invented with his partner, Warren Fransiscioni. Although the partnership didn't pan out too long, Morrison proceeded with his Pluto Platter --- the first basic form of today's Frisbee. Wham-O toys liked what they saw and bought the rights from Morrison. Wanting a cooler sound for better marketing, they borrowed the name from the by-then defunct baker, proceeded to larger production and began the 50 -year old love affair with the world-famous flying disc that goes by the name of Frisbee.

Wham-O sold over one hundred million units before selling the toy to Mattel.

Morrison was awarded over one million dollars in royalties.

All these started because of William Russell Frisbie's pies in the 1870s :)

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A Laundrywoman And Her Jaguar

Tuesday, February 2, 2010


For many years and for the most part of her life, Michelle* was a labandera (laundrywoman). She was born to a mother who also washed clothes for a living. Because of extreme poverty, only the eldest was able to finish school in a remote province while Michelle had to quit high school in her first year and help feed the family. Today, she drives her own Jaguar, owns a large home, a battalion of dogs and lives with a large household staff.

In my career, I meet the most amazing characters, people who all want to learn English for the most incredible reasons. Entering the room warily and dressed in the most expensive brands, she somberly told me during our class, "Ngayon na may pera na ako, iba na ang mga tao na kasama ko. Pero lahat sila, nagsasalita ng English at pag may party, wala akong maintindihan at nahihiya ako. Kaya hindi nalang ako lumalabas." (Now that I'm well-off, the people I encounter are different. But all of them speak English and when there's a gathering, I can't understand anything and... I am ashamed. That's why I don't bother going out.) There is evident self-pity as tears well-up in her eyes.

She began washing clothes as young as high school, charging P3/shirt at construction sites. She later on ventured into selling bananacue along Ayala Avenue. Suddenly her eyes sparkled, she straightened up a bit and beamed, "Alam mo, pag-tindera ka at nagbebenta ka sa Ayala, sikat ka! Hinding-hindi ko makakalimutan ang tuwa ko nung na-promote ako at binigyan ako ng bisikleta ng boss ko dahil marami akong benta." (You know, if you're a vendor selling stuff along Ayala, you're big-time! I will never forget the day when my boss promoted me and gave me a bicycle as a result of my sales.)

Michelle's life today is a result of hard work because she believed in a better life. She now runs a garment company while her husband, who was a construction worker, supplies large-scale services to construction sites. She did not marry into wealth. Instead, she and her husband created their wealth based on sheer faith using whatever strengths they had to move up one day at a time.

She studied English because she wanted to somewhat catch up on the classroom time she missed out on in her youth. Also, she wanted to be able to banter well with the people in her new-found circles. Towards our last few sessions, she would come into the room, smiling, and giving me updates in her best English.

I remember the last day we had as I asked her, "Michelle, one last thing. What advice can you give me so I can be as successful as you?"

She laughed, blushed then sighed, and her eyes started to moisten again as she spoke with intensity, "Ma'am, basta gawin mo ang lahat at wag ka lang titigil. Kung ako nga pinanganak na wala, nagawa ko ang lahat nang ito. Ikaw pa, pinanganak na meron. Wala kang dahilan para hindi umasenso." (Ma'am, just do it and don't stop. I grew up with nothing but was able to do all this. You, on the other hand, were born into so much more. You have absolutely no excuse for failure.)

The sheer simplicity of her advice is what also made it rather profound.

This, my dear friends, was the day when my attitude towards success took a sudden turn and life has been so much different ever since.



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Billionaire Drop-outs

Tuesday, January 26, 2010

Most of the people who work for these companies are likely to have a diploma.

Oddly, though, the people who founded them never had one.

"Some of history’s greatest companies were founded by drop-outs, including Kodak, Polaroid, Famous Amos, Disney, Ford, Learjet, Bank of America, Motown Records, Whole Foods, Domino’s, Apple Computer, Netscape, Microsoft, Polo, Jet Blue, Dunkin’ Donuts, NBC, KFC, Wendy’s, McDonald’s, Holiday Inn and Rolling Stone Magazine."

Also, a lot of our most fundamental items were created by drop-outs.

"Many of the world’s greatest inventions were developed by drop-outs, including the television, radio, airplanes, cars, motion pictures, the incandescent light bulb, the car stereo tape deck, the gas mask, the traffic signal, earmuffs, the game of basketball, the sewing machine—and many more."

The people with immeasurable wealth never finished school either.

"America’s first millionaire, John Jacob Astor, was a high school drop-out. America’s first billionaire, John D Rockefeller Sr., was a high school drop-out. America’s richest college drop-out is Bill Gates. Asia’s richest resident, Li Ka-shing, is a high school drop-out. Argentina's sole billionaire, Gregorio Perez, worth $1.7 billion, is a high school dropout. Spain’s richest resident, Amancio Ortega, worth $14.8 billion, is a high school drop-out."

It's quite inspiring to hear how people achieved their dreams without excuses, without limitations.

Just putting it out there :)

Source: www.millionairedropouts.com

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