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Syed Balkhi: How He Went From $0 To +$100M Before Age 30

My First Million

NOTE

How to Make Money in the Buy

In real estate, they say you make money on the buy, not on the sell. This philosophy applies to other areas too, like business. By finding a margin of safety and having a plan for improvement, you can ensure profitability. This lesson was learned from a mentor with a real estate background. The key is to minimize losses and maximize upside potential. The example given is buying a business for $700,000 when its intrinsic value is $1 million. Even if things don't go perfectly, the downside is limited. By paying attention to the small details and accumulating assets, success can be achieved.

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