Friday, April 1, 2011

sam waltin



  • sam put every ounce of energy in to building his image
  • thats all he ever talked about
  • sam bourn 1918
  • his dads job was to evict people who couldnt keep payment on farms in the prairys
  • james his brother was born 3 years later
  • sam was loved to learn since he was able to walk
  • sam was the quarter back on the foot ball team and nnever lost
  • he began his retail career at a J.C. penny company
  • sam had join the millitary for the 2nd world war
  • once he was merryed he headed to =youta and had his first born
  • sam had bought ben franklen store stalks
  • he had found a claus that allowed him to buy other mercgents form differant stors
  • he bout items and then sold them for cheaper at his new store
  • 3 years of succes
  • then the land loard wouldnt reneu his lease so he had lost the store
  • he then moved to bentonvill
  • a town of only 3000
  • he insisted on a 99 year least this time
  • around 1950 he had came up with a great retail idea
  • he mad a store where boys clothing was less
  • in 10 years he aquiersd 16 stores in 3 states
  • even lower prices could make him even more money
  • he then came out with wal mart and filled it with every thing from hardwar to wimens cloths
  • it mad 1 mill in sails in one year
  • in 61 he bought a wner ship at the back so he could lend himself money
  • in 63 he opend 2 more store in 64 he opend 16 more wiht in 2 moles of the lats
  • in he made up his absents to the family by taking his family on month long camping trips
  • sam was in debt 2 mill at 68
  • k mar and s3ears were wall marts rivals and very much bigger
  • once a truck driver retired he chequ for 700 thousond dollers
  • in 1980 he had 110 stores
  • in 1985 sam was the riches man in the country
  • and he still drove his old pick up truck
  • in the bad monday he lost 1.5 million dolers
  • but still the riches man
  • he was diegnosted with bone cancer in 1989
  • in 92 presedent bush honored sam with the metal of freedom
  • april 5 1995 he had died :(
what i have learned from the great sam waltin is that you dont have to born into a rich family,you can come out of that porrest family ever and still become the richest man in the world by perserverence and a dream with the right skills. you dont have to be a  genius but you have to know how to manage your money.

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