24 year-old entrepreneur Farrah Gray began contributing to his family’s financial support at the age of six. Within a few years, at the age of 14, he made his first million. Part of what motivated him to begin earning money at such a young age was watching his mother work so hard.
“When I went to sleep, she was up; when I woke up, she was up,” Gray says. “So I never really was sure that she did go to sleep. And I really felt that out of that feeling of struggle, my mom had a heart attack, and I said there must be something I can do to help her.”
Gray began selling hand-painted rocks door-to-door.
“I started painting these oversize rocks. And I would knock on people’s doors. Knock hard. And shake people’s hand and say, ‘Hello my name is Farrah Gray.’ I said, ‘Would you like to buy this rock? It can be used as paper weights, bookends and door stoppers.’ And people would look at me and say, ‘Isn’t that the rock that was in front of my door?’ And I’d say, ‘Yes, but it’s different now.’”
Gray was only eight years old when he formed the Urban Neighborhood Economic Enterprise Club (U.N.E.E.C.) on Chicago’s South side, an organization that encouraged youth to become entrepreneurs. U.N.E.E.C. was the forerunner of New Early Entrepreneur Wonders (NE2W), the flagship organization he opened as one of the youngest people on Wall Street. NE2W enlisted, educated and engaged “at-risk” youth by creating and developing ways for them to acquire additional income.
As a teenager, Gray founded and operated numerous business ventures, including selling pre-paid phone cards, a One Stop Mail Boxes & More franchise and creating Farr-Out Foods, which generated orders of over $1.5 million.
Gray is now a syndicated columnist, an AOL Money Coach, co-CEO of a real estate company and co-publisher/editor-in-chief of Prominent Magazine. He lives in Las Vegas.
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