Incase anyone else was wondering, here's a translation in 2022 dollars. He only had $3,100 in his pocket when he left for America, pocket change he had saved up as a child. After traveling from his home town to Liverpool where he purchased a ticket to America. He departed the ship to begin his new life ten days later, with only $156 to his name. For the next five years, John Nordstrom worked back breaking labor jobs such as coal and silver mining, logging, loading railroad ties, and carrying bricks. He was paid the small sum of $1.25 for a day's work, or $40 in today's money. After five years, John had saved up enough money to purchase fifty (not twenty) acres of land in Arlington, Washington to start a potato farm. 50 acres of farm land in Arlington is worth roughly $4,500,000 today. And he was able to save enough money, in only five years, earning $12k a year in today's money, to purchase that land. I love a good rags to riches story as much as the next guy, but thing are NOT the same as they were 140 years ago. This is less of a tale of rags to riches as it is an example of the early bird gets the worm. It's not repeatable. Nobody earning 12k a year today could purchase 4.5M worth of farm land on a whim like John Nordstrom did. I'm a full on capitalist, I love America, don't get me wrong. I believe opportunity still exists. But stories like this, from way back when, are so out of touch from today's economy.
It’s not about expanding but meeting ur customers expectations and treating ur workers as part of the family. Such a simple rule that it’s sadly overlooked especially when it comes to workers.
+@Patrick King Is there a reliable Website for such data (i.e. the inflation-adjusted value of money)? I am unable to find any Website that goes as far back as 1900 C.E. Thanks in advance.
It is amazing that many of these companies are 100 years old, and growing. Whatever happened to Nordstrom's partner after he sold his portion? The majority of all of these stories are about people that never gave up on their dreams, and we're still talking about it in 2022. Family is so important. Love this story!
Watching these contents broke my mental ice and I started honing my business skills and trade skills to restart business. This time , I will build up to major status.
Anyone thinking that they’re stuck in a job and missing their window of opportunity to live their dreams out: look at this guy! Did manual labor for years before getting to his business. As long as you’re working toward something you’re never stuck!
@@zathtanks I don’t think it’s rare at all. That is- when you look at any successful first generation millionaire. Many of them started with little to nothing and were able to create wealth with hard work and persistence. This path is still very much alive and well. I think what keeps most people off this path is the fear of failure and taking risks. This guy took so many risks that let to his shoe store (which was a risk in itself!)
Not only just using his wage to buy the land, but the fact that he was able to just immigrate and bounce around anytime there was a new opportunity. There’s so many variables in this story that just aren’t possible now.
Respect to you Hook for bringing such a channel! Amazing graphics and illustration work to make us hook (no pun intended) to the amazing clarity, engaging and riveting story!!!!
I was in Canada on 1990s looking for a job and trying to settle down there. Had I known Nordstrom was expanding there I would have applied for a job as a salesman in one of their stores. And achieve my very own rags-to-riches story!
Actually, in China you will find more inspiring stories as many had nothing after the cultural revolution (I know there is corruption and many other complications but there is still stories to be inspired with).
When it comes to investing, diversification is the key, that's why I engage in sectors based on projected growth. There's no shortcut to getting rich but there are smart ways to go about it
Great story, I worked for Nordstrom, Sears, and JCPenny. All are great people and families. This day America changes to killing war business and greed. Those day America has only a few corporations, not much involve with politicians. Retail store better than Online or Banking. Customers are the most important and many are great people. They enjoy shopping in the stores, not online. Those were good old Americans, Thanks.
Of all the stories, this is my favorite. In my opinion, John's greatest success was the family he and his wife founded. They must have been incredibly proud! They succeeded where Gucci failed.
5 dollars in his pocket.. he rented an upscale apartment on the lower east side of manhattan.. he purchased a small factory for just 5 cents.. he paid his workers 1 penny a year.. things were easier back then and 5 dollars was like 5 billion now..
11:05. Narration: "They offered many practical shoes rather than fashion styles." Opportunity: Show some neat practical shoes from those days. Pictured instead: Fashion styles like impractical HIGH HEELS.
Who believes this man was one of the first visionaries and started a revolution Potato’s what good idea wink wink then found gold in Yukon what great idea to go to Seattle then to Alaska Yukon good place to gold mining’s two houses in Seattle the rail road was great way to travel back then the men who started Businesses back then laid the foundation for us not many people understand this time thing but yeah great Entrepreneurs then give us all a start to learn how to grow in the business life good vibes love it props man thank you for the video
It's pronounced NORDSTRÖM In English it would be NORTHSTREAM The ST is pronounced as SHT and it contains an Ö in it. Trust me guys I do speak fluent German and Swedish is related from the germanic language 😊
we hear such success stories over and over again, but one must always remember all those who take such routes in life but are not nearly as successful. But, one must say on average, a person that at best graduates high school and avoids college are those who often creates businesses of their own, which college students often are only employees of established businesses. of which sights that schools do more of a hinderance to ones goals as an independent, by way of pigeon holding people into the staffing work force due to the need to pay off student loans. Those who have no such loans and no delays in their quest for their dreams often are more successful than those that go to school.
Look at scans of old Sears & Roebuck catalogs and you’ll see that $12.50 had a lot of purchasing power in 1901; that is an expensive pair of shoes. Another illuminating judge of late 19th and early 20th Century purchasing power is to search the melt value of the Gold Eagle and the Morgan Dollar.
Learn how to listen and to read. The video said that he left Sweden with $100, but by the time he arrived to his intended USA city, he had only $5 left.
This makes me wanna have 3 boys and have them work together. I'd love to have 3 boys and 3 girls. I'm 22. I don't know if I have time to have 6 kids if I marry at 28?
There is a nexus between Customer Focus and Internet Marketing. Nordstrom's is a model worth close examination. Best wishes to a Pacific Northwest INSTITUTION.
Thanks Morning Brew for our daily news briefing - sign up for free here: morningbrewdaily.com/hook
hi
Can you pleace do a video about airbnb
Nice 👍
Devil worship - to cause riches?
@@BobsShow uhh hhxhzz
This is just one of the best "rags-to-riches" story that involves a family running their business with pride
And jealous people will yell tax the rich who are already taxed by the way 😂
@@Bambotb fax
sucks you can't really replicate this the same way again.
Incase anyone else was wondering, here's a translation in 2022 dollars.
He only had $3,100 in his pocket when he left for America, pocket change he had saved up as a child.
After traveling from his home town to Liverpool where he purchased a ticket to America. He departed the ship to begin his new life ten days later, with only $156 to his name.
For the next five years, John Nordstrom worked back breaking labor jobs such as coal and silver mining, logging, loading railroad ties, and carrying bricks. He was paid the small sum of $1.25 for a day's work, or $40 in today's money.
After five years, John had saved up enough money to purchase fifty (not twenty) acres of land in Arlington, Washington to start a potato farm. 50 acres of farm land in Arlington is worth roughly $4,500,000 today. And he was able to save enough money, in only five years, earning $12k a year in today's money, to purchase that land.
I love a good rags to riches story as much as the next guy, but thing are NOT the same as they were 140 years ago. This is less of a tale of rags to riches as it is an example of the early bird gets the worm. It's not repeatable. Nobody earning 12k a year today could purchase 4.5M worth of farm land on a whim like John Nordstrom did.
I'm a full on capitalist, I love America, don't get me wrong. I believe opportunity still exists. But stories like this, from way back when, are so out of touch from today's economy.
"if you don't build your dream someone else will hire you to help build theirs"
- Tony Gaskins
Most people venture into crypt0 to be millionaires, meanwhile i just want to be debt free
Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free
Your content is just out of this world.You cover legends that make history and give hope to us in difficult time through the story of them.
that is exactly how I feel! gives us inspiration
It’s not about expanding but meeting ur customers expectations and treating ur workers as part of the family. Such a simple rule that it’s sadly overlooked especially when it comes to workers.
Very true! I’ve worked with family businesses over the last 30 years and all I see is the greed to make more money, nothing else!
@@sayyer10 So true...
As an ex Nordstrom corporate employee I gotta say he’s the first and the last decent leader they had. What a garbage dump .
Who's he?
Yes , he WHO ?
I love these stories !!!
I truly thank all of the people working at the back to deliver such quality content,Love you Hook
For those wondering, that $13,000 in 1900 is about half a million in todays terms.
Adjusted inflation
+@Patrick King
Is there a reliable Website for such data (i.e. the inflation-adjusted value of money)? I am unable to find any Website that goes as far back as 1900 C.E.
Thanks in advance.
His mother's guidance in the early years of farming were the strength he needed.
It is amazing that many of these companies are 100 years old, and growing. Whatever happened to Nordstrom's partner after he sold his portion? The majority of all of these stories are about people that never gave up on their dreams, and we're still talking about it in 2022. Family is so important. Love this story!
I've been *Hooked* on this channel for 2 years now
and i always just enjoy every single video you guys make
Oh I see what you did very clever 😏
i just discovered this channel today. i LOVE it!
The Nordstrom family are truly wonderful people. I still can't believe Blake is gone; gone but not forgotten. RIP Blake.
Watching these contents broke my mental ice and I started honing my business skills and trade skills to restart business. This time , I will build up to major status.
You can do it
Thanks for your videos! You all do great work!!!
Anyone thinking that they’re stuck in a job and missing their window of opportunity to live their dreams out: look at this guy! Did manual labor for years before getting to his business. As long as you’re working toward something you’re never stuck!
I think Hook needs to do sow explanations about how the economic landscape has massively changed, how rare it is for THIS kind of story to work out.
@@zathtanks I don’t think it’s rare at all. That is- when you look at any successful first generation millionaire. Many of them started with little to nothing and were able to create wealth with hard work and persistence. This path is still very much alive and well. I think what keeps most people off this path is the fear of failure and taking risks. This guy took so many risks that let to his shoe store (which was a risk in itself!)
@@michaeljensen1123 I think you missed the part where he used his minimum wage savings to buy 20 acres of land. That's not happening in 2022.
Not only just using his wage to buy the land, but the fact that he was able to just immigrate and bounce around anytime there was a new opportunity. There’s so many variables in this story that just aren’t possible now.
@@really...8359 How is moving around not possible now?
At first I was impressed thinking a potato farmer started NordVPN.
They should have sponsored this video.
🤣🤣🤣
Hilarious 🤣🤣
aye been here since the beginning, love to see the channel growing keep up the good work,
Thanks Hook for the research and sharing inspiring stories. One lesson learned is TEAM WORK AMIDST CHALLENGES. PERSEVERANCE + SUCCESS
Amazing content. SO INSPIRING! Thank you
Loved his story!
Respect to you Hook for bringing such a channel! Amazing graphics and illustration work to make us hook (no pun intended) to the amazing clarity, engaging and riveting story!!!!
I was in Canada on 1990s looking for a job and trying to settle down there. Had I known Nordstrom was expanding there I would have applied for a job as a salesman in one of their stores. And achieve my very own rags-to-riches story!
Love your videos
Wow - what a fantastic and inspirational history of this brand!!! Well done!!!
I wish I could buy 20 acres of land from money saved up from a $1.50 wage
Exactly!
Hmmm 🤔 still possible I know that for a fact, Live within or below your means and in a few years your set.
$13,000 in 1900 is worth $444,946.67 today
We get inspired by these great stories
Amazing story
"dropped out at 11, ran away at 16, then built a $4 billion empire" - he is the exception, not the norm.
That sounds like fun👍
Thank you hook for your videos.. so informative.
This is a good and historical video everyone should watched this video 📹.
I love your videos! just a suggestion you should also cover europe and asia there are plenty of inspiring stories present here.
Actually, in China you will find more inspiring stories as many had nothing after the cultural revolution (I know there is corruption and many other complications but there is still stories to be inspired with).
There are also stories in Africa.
What an amazing Man , Please family dont let the business vampires take you over, ever.
"Getting rich is a result of working in a certain way" science of getting rich
Love you hook
Top class as always. One of my fav channels.
This shows that not all family concerns go bad when the later generations start to run them.
When it comes to investing, diversification is the key, that's why I engage in sectors based on projected growth. There's no shortcut to getting rich but there are smart ways to go about it
Wow! You are right. Telling someone about forex market and those assets to invest in isn't financial advice but it's life advice
Thank you for sharing important life lessons.
The way the world is today story’s like this gives us all hope
very inspiring story
Very inspiring
Nordstroms has the bese shoes warranty in the market
Great story, I worked for Nordstrom, Sears, and JCPenny. All are great people and families. This day America changes to killing war business and greed. Those day America has only a few corporations, not much involve with politicians. Retail store better than Online or Banking. Customers are the most important and many are great people. They enjoy shopping in the stores, not online. Those were good old Americans, Thanks.
I don't know what a Nordstrom is not how this video appeared in my feed 8 minutes after it was released but I'm about to find out.
Wow...great story
Great data, 👏🏾👏🏾👏🏾👏🏾👏🏾🙏🏾🙏🏾🙏🏾👑💎💙💯👍a great Family
what a story! so inspiring
Thank you for uploading incredible history I had being in their stores, they are beautiful and great merchandize as well
Very interesting... thanks..
Of all the stories, this is my favorite. In my opinion, John's greatest success was the family he and his wife founded. They must have been incredibly proud! They succeeded where Gucci failed.
Amazing, inspiring 💖
Now I know how he got so rich, he had magical powers where he could transform five dollar bills into 100 dollar bills. lol.
I never thought Alaska and expansion was going to be said in a sentence
amazing story
Great great content !!! Earned my subscription!
Al Bundy will always be my shoe man of the century
Everyone in these stories always begins with 1, 5, 10, 20 dollars,but loh a behold they usually have more.
Today you need probly 1, 5, 10, 20 milion dollars just to start 😆🤣
5 dollars in his pocket.. he rented an upscale apartment on the lower east side of manhattan.. he purchased a small factory for just 5 cents.. he paid his workers 1 penny a year.. things were easier back then and 5 dollars was like 5 billion now..
"Guy found $875k worth of gold and started a retail empire" doesn't quite have the same ring as "from $5 to $4 billion"
Yeah but look what he had to go through to get it…
If I gave you $875k you’d buy a car not start a business
11:05. Narration: "They offered many practical shoes rather than fashion styles."
Opportunity: Show some neat practical shoes from those days.
Pictured instead: Fashion styles like impractical HIGH HEELS.
Motivational
What an entrepreneurial inspiring story !
Wow this really motivates me to move out my province
me too, I am in Ontario. i am OUTTA here!!
@@chelseagirl278 idk bro that thing sounds like a lot of opportunities
@@cream422 Out East is where to go!
@@chelseagirl278 bet you can dude! keep it up and go back to this comment when youre there!! :D
Is that Brew doing the Morning Brew Ad
That caught me off guard thought I had auto play on for a sec
Classic success story, very inspiring.
Keep going
Three brothers rotating power.. sounds nice
As a man with size 16 feet, I thank you
Who believes this man was one of the first visionaries and started a revolution Potato’s what good idea wink wink then found gold in Yukon what great idea to go to Seattle then to Alaska Yukon good place to gold mining’s two houses in Seattle the rail road was great way to travel back then the men who started Businesses back then laid the foundation for us not many people understand this time thing but yeah great Entrepreneurs then give us all a start to learn how to grow in the business life good vibes love it props man thank you for the video
Light on the details
*EDIT ALERT*
22:16 "the Forbes 500."
It's the FORTUNE 500. As in, the same Fortune 500 you cite later in the video.
This was a interesting story
It's pronounced NORDSTRÖM
In English it would be NORTHSTREAM
The ST is pronounced as SHT and it contains an Ö in it. Trust me guys I do speak fluent German and Swedish is related from the germanic language 😊
Very smart family.
It would be best if you could include the years of history phases.
the secret to be a billionaire is to be "dropped out"
we hear such success stories over and over again, but one must always remember all those who take such routes in life but are not nearly as successful. But, one must say on average, a person that at best graduates high school and avoids college are those who often creates businesses of their own, which college students often are only employees of established businesses. of which sights that schools do more of a hinderance to ones goals as an independent, by way of pigeon holding people into the staffing work force due to the need to pay off student loans. Those who have no such loans and no delays in their quest for their dreams often are more successful than those that go to school.
Music at 20:00 minutes?
Look at scans of old Sears & Roebuck catalogs and you’ll see that $12.50 had a lot of purchasing power in 1901; that is an expensive pair of shoes. Another illuminating judge of late 19th and early 20th Century purchasing power is to search the melt value of the Gold Eagle and the Morgan Dollar.
What doesn’t kill you makes you stronger.
So what now did he had JUST $5 dollar or JUST little bit over $100 dollar ??
Learn how to listen and to read. The video said that he left Sweden with $100, but by the time he arrived to his intended USA city, he had only $5 left.
@@davidk7441 His reading is as bad as his grammar 😂😂
determination runs in the blood
Should make a movie on this
can you do Converse ALL STAR?
Shows Potato Farmer walking thru a Wheat field....
10:00 Dorthy?
Love it
that cant happen this days.
11 drop school : parents jailed and kid to foster house
16 years old working parents jailed and kid to foster home XD
This makes me wanna have 3 boys and have them work together. I'd love to have 3 boys and 3 girls. I'm 22. I don't know if I have time to have 6 kids if I marry at 28?
In the 1800s one dollar was roughly more like 25 bucks and you could buy things with pennies.
There is a nexus between Customer Focus and Internet Marketing. Nordstrom's is a model worth close examination. Best wishes to a Pacific Northwest INSTITUTION.
Arrived with 5 dollars or 100? Again repeated at end 5 dollars which was it and this dampens the story.
Aye shoutout to the rack
Oooooh yes the potatoes
awesome.........................
Eton shirts they sell is a Swedish brand. It's the best quality mens dress shirts out there!!
Many great Merchants came out of Sweden