Millionaire Who Retired At 27 Went Back To Work Because He Was Too Bored
A Californian millionaire decided to reenter the workforce after retiring at age 27.
According to Daily Mail, Jon Carder dropped out of San Diego's Point Loma Nazarene University during his sophomore year after launching an online baby product retailer.
He sold the website for a couple thousand dollars to begin a new Internet venture, Client Shop.
The service matched users with the best possible home loans and low-interest rates.
I was able to use all the knowledge I had gained from marketing baby products to quickly scale Client Shop with my two partners to millions of dollars within its first year.
Client Shop soon employed over 100 employees, and by March 2006, it was pulling in $8.4 million in revenue.
Carder sold the company for over $10 million in the same year.
He has no shame in admitting he started his businesses purely to get rich, and that's why he deemed himself "done" after selling Client Shop.
Carder celebrated his retirement with a surfing trip in Indonesia with 10 friends.
We had an epic time and I couldn't have been happier.
Carder wasn't worried when everyone went back to their jobs since he was set on traveling the world and seeing his friends when they were available.
But, it only took a few days alone on an Indonesian island for the retiree's satisfaction to completely evaporate.
He was "bored," adding,
Like really freaking bored. And I realized that although being an entrepreneur was stressful and excruciating at times, it was so much more fulfilling to be building something that was making a positive impact on people's lives than it was to be doing nothing.
He staged his comeback three weeks after retiring.
The plan was to create a website that used customers' recommendations of local businesses. Little did he know Yelp laid claim to this service two years prior.
So, he quashed that idea and moved on to restaurant rewards.
That industry hadn't changed for decades and punch cards was the most popular form of a loyalty program.
He created Mogl, which lets users ditch vouchers and coupons in exchange for digital rewards at thousands of restaurants.
I may finally, after 16 years of struggle, be able to truly create massive impact. I might have missed the opportunity had I not retired and realized what really mattered most to me in life.
He launched the app in 2010 and continues to run it with Jarrod Cuzens and Jeff Federman.