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Destiny Man asks and answers the million-dollar question

Published: 3 February 2012

There is more than one way to make your first million and for many ambitious entrepreneurs, reaching this milestone is a major signifier of success. In the January-February issue of Destiny Man, the magazine spoke to three South African men who have reached this mark before the age of 40 and asked them how they did it.

“Don’t spend much on short-term material things, but rather on long-term opportunities,” says Legogang Gunguluza, group chairman: Gunguluza Enterprises and Media Group (GEM), a self-made millionaire at the tender age of 27.

Haydn Townsend, CEO of Trinergy Brand Connectors, says when it comes to money, he is not frugal, but he is not wasteful either. “My ultimate goal isn’t financial at all: I simply want freedom from the artificial 9-5 system.”

Simphiwe Khoza is the national director of branch banking channel for Standard Bank. At 39 he still maintains a disciplined approach to money matters. He has a pragmatic philosophy on wealth and money. “The measure of a man’s wealth is his balance sheet, whereas his money’s measured through his bank account.”

Find out more about how these young businessmen made their first million in the January-February issue of Destiny Man, on sale now, or download the digital edition at www.destinyman.com.
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