How will you become a millionaire again if you are left with $10 only?

Many years ago I remember watching Alan Sugar, a British billionaire entrepreneur, saying what he would do if lost all his money.

His response, which I’ll never forget, was that he knew he could make it all again. He said it with such confidence and conviction.

I feel the same way. Once you’ve done it once, doing it again is easy.

I’ve seen many people lose everything, often in their 40s or 50s, only to bounce back as fast as Ben Johnson on steroids.

What I’d do is as follows:

1. Forget the US$10 and focus on getting an investor.
2. I’d want around US$1m. Start a lean tech startup. I could do it on as little as US$10k but I can get more done and have bigger plans if I have some money to play around with.
3. As long as I’m lean, work hard, and listen to customers, I can’t really go wrong.

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