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Posted: 6:00 a.m. Wednesday, July 10, 2013

From T-shirts to treasure

By Clark Howard


I told you recently the majority of millionaires have advanced degrees, yet there are many paths to success. Today I want to tell you about one success story that doesn't involve college.

Raymond Lei is a 22-year-old college dropout with a booming discount T-shirt business. He launched his website ooShirts.com as a junior in high school because he wanted affordable T-shirts for his school’s tennis club.

Raymond went on to spend some time at UC Berkeley as his business was building up. But he dropped out in his sophomore year to focus full-time on ooShirts.com.

The website offers prices in bulk that are 30% to 50% lower than competitors by eliminating many of the fees common in the industry. Today, his company is printing 200,000 shirts a month and ooShirts.com is on track to sell nearly 3 million T-shirts this year.

Raymond’s story is just one featured in the Entrepreneurship chapter of my new book, Living Large for the Long Haul, alongside the stories of established entrepreneurs like Arthur Blank (The Home Depot, the Atlanta Falcons) and other upstarts like Mike Belsito of eFuneral.com.

The book is available now for pre-order so you can get it as soon as it comes out.