Teen Entrepreneur Matt Wegryzn made his Fortune and first Million from Domain Flipping at 17
As I have already told in my several previous articles that Domain names are the virtual real estate of the Internet. You can not start your own web business without having this virtual real estate on the Internet. And that’s why Domain names are valuable. And buying and selling Domain names is known as Domain Flipping.
And Matt has made over US $ 1 Million at the age of 17 from Domain Flipping only. Well, yes. He made his first million when he has still not completed his high school. And many of the domain names he wold where worth of US $ 50,000+.
Matt is originally from Poland but now live in NYC.
Matt is a master of Domain Flipping. He buy Domain names at low price and sell them for higher price in the future just like the real estate flippers.
Moral of the Story:
Because of the Internet, now a school going kids also started owning their own properties – The Web Properties. You will never know that if some innocent looking kid in your neighborhood or in your own home (Your own son or a daughter) is owning a virtual property (Domain names) in his GoDaddy.com accounts which is worth of millions of dollars.
And what our School teaches us? Well it teaches us to work and study hard to get good grades, find a safe and secure job, live paycheck to paycheck and retire at the age of 65 years when you become disabled.
This is because the education system is designed in such a manner that it will only motivate you to become an Employee only. It will never motivate you to become an Entrepreneur who create jobs in the economy. This is because the purpose of whole the education system is to create more employees who can run those businesses of the rich.
So if you want to become a rich than you need to own a Business which hire employees for you to run it. You can not become rich by owning a job, living paycheck to paycheck and investing in mutual funds for long time horizon and diversifying your money…!!!