Thursday, December 20, 2012

From homeless to Millionaire

Now that we are all experiencing the quiet calm of December, with all the Christmas spirits flowing all around, and with the ideal of 1 Million euros in less than 5 years, I have decided to write 3 Inspiring Christmas tales to end the year 2012 a year that increased our Investments in about 17% that gave me 17 more business partners and allowed my family to drive a nice new car... and this is just the beginning 2013 will be a Magical year I can already feel it. 

So the first of my Christmas tales is related to Chris Gardner  a former homeless man turned millionaire — Gardner often remembers the train station bathroom where he once slept a quarter century ago. 
Often he is overcome with memories of teaching his 2-year-old son to never, ever open the locked bathroom door, no matter how hard someone pounded on the other side. 

It didn't matter that he now had three homes — one a condo in New York's Trump Tower — or that he'd gone from selling his own blood to buying Michael Jordan's car.

"He had to get out of there," 

The story of how the 52-year-old Gardner did just that, climbed out of homelessness and became a Millionaire stockbroker with his own 15-employee Chicago firm, was turned into a motion picture, a few years ago. It’s also the subject of Gardner’s own book, “The Pursuit of Happyness.” The unique spelling of “happiness” is intentional.

Even in the realm of rags-to-riches tales, Gardner's story is unique. Take, for example, the events that led to his descent into homelessness.

A medical supplies salesman barely making enough money to support his girlfriend and baby, Gardner had one of those Hollywood moments in a San Francisco parking lot in 1981 when he spotted a man looking for a place to park his red Ferrari.

"He said to him, 'You can have my (parking) place but I've got to ask you two questions. What do you do and how do you do it?'" recalled Gardner.

The man was a stockbroker. Gardner didn't know a single stockbroker or even what one did. But the man said he made $80,000 a month — $50,000 more than Gardner made a year.

Gardner found a brokerage firm willing to hire him and quit his job. But when he showed up for work he learned the guy who'd hired him had been fired. Gardner's job was gone.

Then, days before a scheduled interview with Dean Witter, a loud fight with his girlfriend brought the police to his door. The next thing Gardner knew they were asking him for $1,200 to clear up some unpaid parking tickets.

They may as well have asked for $12 million. Gardner spent 10 days in jail.

When he was released, his girlfriend and son were gone. He had no money, no home and the only clothes he had for his job interview the next day were the ones he wore to jail.

How was he going to explain showing up wearing jeans and paint-splattered Adidas shoes?

"I couldn't think of nothing that could top the truth," he said. He went with that and got the job.

A few months later came a knock on the door of the boarding house where he was staying.

"It's my ex and, guess what, she doesn't want the baby any more, here." he said. "The boarding house does not allow children. That's how we became homeless."

Some nights they stayed in a $25-a-night hotel, a park or under his desk at work. And a few nights were spent in an Oakland Bay Area Rapid Transit (BART) station.

"I had to teach my little boy how to play a game and the game is called SHHHH," he said. "That means no matter what anybody says on the other side of that door, no matter how much noise they make or what they threaten, we ain't here, OK?"

Finally, they moved into a homeless hotel in San Francisco, run by Glide Memorial United Methodist Church.

"There were no keys, so every day you take everything with you," said Gardner. "For a year, I'd take my son, his stroller, a big duffel bag with all his clothes in it, my briefcase, an umbrella, the biggest bag of Pampers in the world, one suit on my back and one suit in a hanging bag and we'd hit it every day."
When it rained, he covered the stroller with plastic sheets he'd picked up from dry cleaners.
Gardner told his co-workers nothing.

He also distinguished himself from others who turned to Glide for food and shelter.

"If you saw a man with a child, that was rare, incredibly rare," said the Rev. Cecil Williams, Glide's pastor. "I remember discussions about him, about how that man really loves that boy because he won't let him get away from him, he won't push him aside."

Starting from scratch 

Day care took a huge chunk of his meager stockbroker trainee salary, and it took Gardner about a year to save enough to move himself and his son into their own home. From there, his his career blossomed, and in 1987 he opened his own firm in Chicago.

Today, signs of his success are everywhere, starting with an office that includes a gleaming desk made of a DC-10 tail wing, African art work, boxing gloves and photographs autographed by Muhammad Ali. Sharing space with pictures of his adult son and daughter are photographs of Gardner with Nelson Mandela, and a vase full of dirt that Gardner brought from Mandela's yard after visiting the former South Africa president.
He no longer has the Ferrari he bought from Jordan.

Making a difference 

Gardner, who never went to college, has contributed tens of thousands of dollars to education, writing checks for as much as $25,000 to teachers, janitors, bus drivers and others who work at schools.
Gardner is focusing much of his attention now on South Africa, trying to persuade major investors to invest $1 billion there — an effort praised by South African officials.
"In the current state of our economy, creating an investment fund is critical," said Yusuf Omar, South African Consul General in Chicago, who recently stopped by Gardner's office.

For Gardner, helping South Africans pull themselves up makes perfect sense.
"Everything I've learned working on Wall Street, 25 years, to be able to make a difference in the lives of a lot of people and we all make money, it (doesn't) get any better than that," he said.

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