Many of you who know me know that I grew up a Mormon kid and went on a Mormon mission when I was 19.
Heck, most of you actually make fun of me directly and say stuff like “Dude, you are like the only normal Mormon I know!”
And looking back at it, I can say that going to Boise for 2 years and doing all of the things that Mormon missionaries do was one of the better things that I have done in my life.
I learned a lot of things and made a lot of friends.
But at least one thing that I learned on that Mormon mission has stuck with me and is probably relevant no matter what religion you are or aren’t.
One day I got a call from one of the other missionaries who was almost done with his 2 year stint.
“Hey, you wanna buy my bike?”
Missionaries don’t have any money really — so him asking me this question was strange.
“Sure, I will give you $25 bucks for it I guess…”
And in that moment, I set off a chain of events that would forever change my perspective on
prophets profits and business.
About a week after I bought the bike from the guy going home for $25, a brand new crop of recruits came in to the mission and guess what — they all needed LDS mission bikes.
Only, these new recruits had an entirely different reality as to what bikes should cost.
They were rich!
And when I sold that same bike that I bought for $25 for $250, I felt like I had been smacked with a 2×4 and the first thought that went through my mind was…
I need to get my hands on more bikes.
And so I did.
I put in calls to pretty much every missionary who was about to go home every month for the next year or so and bought up every bike I could get my hands on.
And then I sold those same bikes to the guys coming in for a nice fat
And generally speaking — it was an education of a lifetime.
Buy low, sell high.
All in the name of a