Become A Billionaire
Have you ever dreamed of great wealth? This page will teach you how to become extraordinary wealthy, especially the amazing status of becoming a billionaire. This page is simply about how to become a billionaire, which means to have at least a billion dollars in net worth. Some people have been born into wealth, others have amazing rags to riches stories. Most importantly, becoming a billionaire starts with believing in your dream or vision. Before reading on, you must realize that becoming a billionaire is not just about being lucky, it's about believing in something. All billionaires have one thing in common, they believed in something and went after it.
Have you ever wanted to know how to become an extraordinarily wealthy person, or just wanted to find yourself on the Forbe's Billionaire List or Forbes 400? There is no exact formula to striking it rich, there are certainly tips to make it there, and it will take a lot of luck, vision, dreams, and sometimes hard work. So, if you've ever wanted to become a billionaire, then this is the how-to guide on how to become a billionaire you will want to read!
Step 1: Find an Inspiration
Have a dream or a vision! A dream is a picture in your mind. It may be a real dream like when you go to sleep and wake up, yet then again it can be a dream that was written down when you were fully awake, or it could be something you wrote on a napkin one day that really inspired you. You may believe money is gravitating towards you, yet more importantly have a dream that relates to a way you will make this money and what great impact your product or service will have on the lives of people who buy or use it. Great dreamers have plans in their life and goals, and can visualize money sitting on their door step or being deposited into their bank account because they've done something great for others, for the world, or to change the world. Great dreamers and visionaries also see that their dream goes beyond just the money, yet it's the inspiration, or the passion to make or do something great that will change the world.
Guy Kawasaki, the managing director of Garage Technology Ventures once said, "Make Meaning, not Money," yet what he really may be saying is to allow people to find meaning in something that you make, create value for others, and then the money will come to you. It's kind of like the old saying, "If You Do What You Love, the Money Will Follow."
A vision is basically like a goal, something you look forward to seeing, a mindset, something you have your eyes on.
Find other billionaires and be inspired. The billionaires below are good to check out to study how they became billionaires:
1. Oprah Winfrey or simply Oprah who started The Oprah Show and a media empire.
2. Mark Cuban who sold Broadcast.com to Yahoo for billions.
3. Sergey Brin and Larry Page AKA the Google Guys who founded Google, Inc.
4. Donald Trump the Real Esate Mogul.
5. J.K. Rowling author of the Harry Potter book series.
6. Pierre Omidyar the founder of eBay.
7. Steve Jobs the who is the visionary behind Apple Computer.
8. Bill Gates started Microsoft.
9. Lawrence Ellison started Oracle
10. Tiger Woods is on his way to becoming the first billionaire golfer!
What do all of these people above have in common? They all found something that inspired them, and they were passionate about pursuing their vision and following their dreams!
Step 2: Stay Dedicated
Have a passion. For whatever you do, be passionate about it. If you love sandwiches, start a restaurant and branch it out! Stay dedicated, start with a few shops, branch them out, and open more. You too can become a billionaire like Fred Deluca the founder of Subway. It's also good to note how important networking is, as if Fred never met his friend to help him start the first sandwich shop known as Pete's Sandwich Shop, then he would have not been able to start the first one. Talk to a few billionaires if you can find them, and they might be able to lift you off the ground to pursue your passion.
Step 3: Consider Investing Towards Your Billions
You've got to have money to make money. If it's not money, you've got to have something great, a product, an amazing idea, or simply a belief in something great in order to make something great come to life.
Well known billionaires such as Warren Buffett and Carl Icahn all took the money they made and invested it. They learned how to invest, and invested in products or services where they had passions, interests, and understandings.
So, the first lesson to becoming a billionaire is that you can make lots of money if you learn how to manage your investing portfolio like a pro.
This is of course easier said than done... Many billionaires aren't even prepared to explain their strategy, or if their strategy is proven, yet one thing to know is that they have a strategy. They double down when times are tough, they take the risks, and they invest in their interests and stick up for the companies they believe in.
For instance, Warren Buffett is a dyed-in-the-wool value investor. This strategy has allowed himt o achieve annual returns on his investment of more than 20% for 40 plus years. He invested in companies that he believed had competitive advantages such as GEICO, and as of 2008 he held a stake in Goldman Sachs.
Most investors who are successful because they figured out a strategy, and stick to their practice in any economy, whether the economy is good or bad.
Never Give Up on Your Dreams
If you have a big dream, something that can change the world, or something you think can help a lot of people out, a way to do something better, surround yourself with the right people, meet other billionaires, lastly don't give up on it! Becoming a billionaire is not only about making money, it's about making a difference! You're on your way already after reading this article. Good luck!
Original article has been taken from Mahalo.
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