Monday, January 30, 2012

The Young Millionaires Club - Tad Agoglia A millionaire by his mid-20s

Tad Agoglia

A millionaire by his mid-20s
Business: disaster-recovery work

Tad Agoglia (far right) was actually planning to be a priest, getting his masters in theology. His great grandfather had a mechanic shop in Brooklyn and he used to help out there. As it turns out, his desire to help people, combined with his experience working with his hands, would come together to make him a millionaire.

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He noticed that during clean-up after a major storm, the trucks just weren’t big enough to move the debris fast enough. So, he took $300,000 he’d saved from odd jobs in lawn-mowing, pumping gas, house painting and other odd jobs, and bought the supplies to build the monster truck of all monster trucks: It’s 120 cubic yards, 20 times the size of the average dump truck, but has a secret weapon: A giant crane on top so it’s self-loading.

The service that Disaster Recovery Solutions provided to disaster-stricken cities was so in demand, he made his first million by the time he was in his mid-20s. Most of us would’ve stopped there but the caregiver in him was frustrated by the fact that he was brought in three months after the fact, and people were suffering in the meantime. So, he turned his business into a nonprofit, called First Response Team, and now, they do immediate relief efforts FOR FREE.

They’ve become a nomadic crew, camping out where they think the next storm will hit, so they’re ready with what sounds like Iron Man-caliber cool stuff: Mega-generators that can power a Walmart, tiny cameras that can dig into rubble to look for survivors and hovercraft, boats that can fly over the ground.

Tune in to CNBC

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