Mike Milligan argues age shouldn't stop you from building wealth. Ray Kroc was 52 when he franchised McDonald's, and Colonel Sanders opened his first KFC in his 60s and sold it for $2 million. Experience helps you spot opportunities others miss.
Chapters
Is it too late to start something meaningful? This is 3 reasons not to write yourself off no matter what age you are. Consider Ray Kroc. He was 52 when he met the McDonald's brothers and opened the first McDonald's franchise in 1955. See, the brothers had already created the original business. Kroc's later life opportunity was helping expand their concept. Not inventing it from nothing. The lesson I take is that experience can help you recognize an opportunity. A new chapter does not require pretending your earlier chapters never happened. Then there's Colonel Harland Sanders. KFC's first franchise opened when he was in his 60s, and he later traveled to recruit more franchisees. In 1964, investors agreed to buy his business for $2 million.