WHEN Albert van Wyk was 10, his father told him he couldn’t get the bicycle he really wanted because they could not afford it.
That was the day Van Wyk shifted from ordinary schoolboy to motivated entrepreneur – a journey that led to his becoming a millionaire at just 22.
Now 26 and the owner of three thriving businesses, he is sharing the financial lessons he learned along the way through the course “Young Millionaires”, which he developed as part of the nationally-run Young Entrepreneurs programme.
The course, which will be launched in Port Elizabeth on Saturday, May 4, is specifically written for high school learners and young adults, although anyone can enrol.
While he is in the Bay, the Pretoria-based millionaire will also be giving talks at schools and sharing his expertise with business professionals and other entrepreneurs at the Elevated/Professionals Networking event on May 3.
“When my dad told me we couldn’t afford that bike, my mind sparked into action…I decided: How can I find a way to get this bike?”
He started by selling Scooby Doo key-rings at his school, and was soon running a mobile toy store, which included cap guns and slime.
This progressed to cutting lawns, teaching guitar, writing speeches for people, and even renting out cars for matric farewells. And then he started buying and selling phones, laptops, bikes – and pretty much anything he could make a profit out of – along with opening a small construction business.
But his real break came just as he was about to start university. He made a deal with his father that if he achieved a bursary, he would invest the bursary money and his dad would pay for his studies as he intended to do anyway.
He achieved his goal and invested the bursary money – along with all the money from his other businesses – into his first property. Since then, he has bought a number of properties to rent, and is now also “buying to flip”, which means buying and fixing up rundown properties, and then selling them for a profit. “By 23, I was financially independent. My properties were making more money than my salary.”
So he quit his job after just over a year and decided to share everything he had learned to become a millionaire with young people.
In 2017, Van Wyk self-published a book called How to Become a Millionaire at 22, printed 100 unedited copies and arranged a book launch, inviting five learners from each of the four schools in his community.
He decided to partner with Young Entrepreneurs, a national franchise, which helps kids from Grade 1 to 12 develop an entrepreneurial mindset, by teaching them how to run their own small businesses and become financially-literate.
Ultimately, he would like every young person in the country to access this course.
- The “Young Millionaires” course costs R700 and will run on Saturday, May 4, from 8:30am to 16:30am. To enrol, contact Kiara Zevenster at 073 305 5015 or support.pe@younge. co.za or Ansulene Prinsloo at 083 300 6118 or info.pe@younge.co.za.
- The “Elevate/Professionals Networking” event at 6pm on May 3 costs R150 per person. To book, contact Jon-Paul Raper at InHighGearEvents@gmail.com or 072 449 9508.
