Tag: Billionaires

  • Five Habits of Billionaires you should Emulate right now.

    Five Habits of Billionaires you should Emulate right now.

    Becoming a billionaire can be determined by the small actions you take each day. The habits of billionaires can help predict your chances and increase the possibility of becoming billionaire sooner rather than later. Because these habits can have such a profound effect on your future success. In this article, i will list the five most impoTErtant habits billionaires put up now and every time.

    FIVE HABITS OF BILLIONAIRES YOU SHOULD EMULATE

    1. They get up early

    Waking up early might be seen in some quarters as stressful, but to become a billionaire, you have to start emulating waking up early.

    Billionaires get up early for several reasons, some wake up to meditate, exercise, have some family time before starting the new day. Once you get out of bed early, it is easy to have your day planned out for the day’s activity.

    2. They don’t lie on the couch in their free time.

    While regular people are busy with their everyday tasks, like cooking and cleaning, rich people are free from these boring activities. But they don’t spend all their free time on fun, they spend it on self-development.

    Learning never ends, the rich are always trying to equip themselves with new knowledge they can lay their hands on. If you want to become a billionaire, quit being a “couch potato”. Acquire more knowledge at every given opportunity.

    3. They stick to routines

    Becoming a very rich and successful business man, consistency is very important. Billionaires usually stick with their daily routines that have brought countless successes for them in the past.

    This is a very easy habit to adopt from billionaires, since you make out routines to follow yourself. You don’t have to follow someone else’s routines.

    4. They do things differently.

    When standing in the crowd, you have to be outstanding even in the crowd. Doing things differently and your own way has a lot of benefits when you aim to become very successful. Many people spend most of their lives climbing the corporate ladder, trying to get ahead of the next person.

    Most billionaires became what they are today by following their own desires and not taking every advice dished out to them by people, some of which have no knowledge of the advice they are giving.

    5. They keep healthy

    This is very important if you aim to become a billionaire as it is often said that “Your health is your wealth”. Without good health, life can be miserable let alone becoming a successful billionaire.

    Most billionaires get out of bed early (see number 1 habit) to have the time to exercise and also have a very healthy breakfast before setting out for the day’s activity.

    Exercising is not the only way to keep healthy, billionaires also have the habit of eating the right foods. Also they don’t hesitate to visit the hospital for check at every given opportunity they have.

  • Five Billionaires Advice for Young Entrepreneurs.

    Five Billionaires Advice for Young Entrepreneurs.

    Billionaires are often quick to give advice, but the issue is that nobody actually listens. If you really want to build your business, take the advice from billionaires to heart.

    Success in your business doesn’t happen by chance. It takes hard work and a large dose of good luck. In this article, we take a look at five advice from billionaires which young entrepreneurs should take seriously if they are to make a very similar success like the billionaires.

    FIVE BILLIONAIRES ADVICE FOR YOUNG ENTREPRENEURS

    1. “In your company or industry, work every job in that industry. It’s the only way of having a complete understanding of your people and your company.” — John Catsimatidis

    It is not just enough to hire staffs and watch them do all the jobs in the company. You should be capable of doing every available jobs in your own establishment before looking for people to hire and fill the role.

    2. “When there is a crisis, that’s when some are interested in getting out and that’s when we are interested in getting in.” — Carlos Slim Helu

    When some entrepreneurs are about getting into a particular business and there is a very big slide in that business, an entrepreneur should not be discouraged from venturing into the business according to the Mexican Telecomms Mogul, Carlos.

    3. “If you want to succeed, you should strike out on new paths, rather than travel the worn paths of accepted success.” — John Rockefeller

    When an entrepreneur is in business, innovation, creativity and more risk bearing can propel the entrepreneur to greater heights. Following the mainstream ways of doing things has it own benefits but businesses thrive more on new innovation.

    4. “If your cash is about to run out, you have to cut your cash flow. CEOs have to make those decisions and live with them however painful they may be. You have to act and act now; and act in the best interest of the company as a whole, even if it means that some people in the company who are your best friends have to work somewhere else.” – Larry Ellison

    Successful businessmen are not afraid of making big calls needed to save their businesses. Sentiments do not grow business in any way, to become very successful in business, making difficult decisions are an everyday thing. It is always easy taking pay cut as a proprietor, but getting rid of some employees could be a very difficult thing to do.

    5. “In the end, we are our choices. Build yourself a great story.” — Jeff Bezos

    The choices we make in life really define who we are in business and even in our personal life. Every person on planet earth is equally entitled to his or her own choices, but to become very successful in business just like some of the world billionaires, choices must be thought out properly.

  • FIVE TYPES OF BUSINESSES BILLIONAIRES DO TO MAKE MONEY (2020)

    FIVE TYPES OF BUSINESSES BILLIONAIRES DO TO MAKE MONEY (2020)

    How do most billionaires make their money?

    They are several ways of becoming a billionaire in a tight economy. Some of this ways demand little capital to start off with while some of the ways need huge capital before one can venture in to them. In this article, we are going to focus on only five of the several ways billionaires make their money.

    FIVE TYPES OF BUSINESSES BILLIONAIRES DO TO MAKE MONEY.

    1. Investments

    According to fifthperson.com, the number one way of getting rich for both self-made and inherited billionaires is investing. And it shouldn’t be a complete surprise that investments are the most common way for billionaires to make their money.

    As an investor, you can invest and make money across the board — manufacturing, healthcare, food, tech, etc. — you’re not limited to any one industry. As long as you know how to pick the right companies to invest in, you can make a fortune through your investments.

    Banking and finance and industrial conglomerates dominated billionaires’ focus in past years. Nearly 21% of billionaires — 538 of them — made an average of $3.2 billion from these two industries.

    2. Tech titans

    Today, it’s tech companies like Google and Facebook which are changing the way we practically live our everyday lives. Google kicked off as a research project in Stanford in 1996 and Facebook started life in 2004 as a closed network for Harvard students before morphing into the multi-billion dollar behemoths they both are today and in the process making their founders exceedingly rich. Facebook founder, Mark Zuckerberg, has a net worth of $33.3 billion and was for the longest time the richest person under 30. He’s a little too old for that now, as per fifthperson.com

    The tech titans average net worth was almost $6 billion each — ”far greater than in all other industries” — primarily because “this figure is heavily skewed by a select group of extremely wealthy individuals at the very top end.”

    Five of the 10 richest billionaires have created the majority of their wealth via the tech sector — evidence of the huge gains that can be made in a sector that can cross borders fairly easily, has comparatively low barriers to entry, and can increase in scale much more rapidly than traditional industries, according to a recent report by Forbes.

    3. Media

    Owning a mega media company like Disney, Fox or CNN might be entirely out of the question for normal folks like you and me. But this is 2020 and the Internet has given us so many ways to create a personal media empire all by ourselves.

    Felix Arvid Ulf Kjellberg, popularly called PewDiePie, which is his YouTube name is a Swedish video game commentator who happens to have the most subscribed YouTube channel in the world at a point in time. Only YouTube’s channel had more subscribers than the Swede.

    With millions of subscribers, PewDiePie lets viewers watch how he plays video games — along with all the epic swearing, screeching and gibberish he spews out. Seriously folks, he is making a great fortune out of the whole stuff.

    4. Real estate

    Real estate just has to be on this list because everybody from every works of life have to actively participate in it as everyone needs to buy lands before building a house or an office.

    According to fifthperson, an asset like real estate is relatively illiquid and you’re taking on a hefty degree of risk because you need to take on a mortgage, knowing when and how to invest in real estate is another ball game altogether. If you get it right, you’re in for a massive payday. But if you don’t… you could be stuck with something you can’t sell for a profit for a very long time to come.

    Real estate has been a way of business for several years now and will continue to be lucrative even as the number of property owners are on the increase.

    5. Manufacturing

    This is the old fashion way of becoming a billionaire and if you like things the old fashioned way, then manufacturing might be the thing for you. Obviously, you need huge amounts of capital and scale to be successful in this industry.

    So unless you have lots of money to start off with, this might be out of the question. But then if you do make it here, the sheer scale that manufacturing requires will make sure that you’ll be making millions in no time flat.


    What do billionaires do with their money?

    Most billionaires are very meticulous with their money, they are only interested in recycling their money to yield more money, hence they stay rich.

    Here are a few things billionaires do with their money:

    They Become Entrepreneurs

     Starting a business and taking it to success isn’t always easy, but for those with good business sense and the ability to spot start-ups that have the potential to be great, entrepreneurship can be the vehicle to great wealth. Most billionaires outsource their jobs to ensure efficiency.

    They Invest

    Self-made billionaire Warren Buffet is famous for his frugal ways and for his smart investments. Investing, of course, requires a little seed money and some accurate insight into which investments are smart and which could result in a loss. If you do not invest your money in other businesses, chances are slim of making billions. They try to diversify their businesses while improving on the existing one.

    They are very Innovative

    Innovation is the fine art of considering a current mainstream market and finding a creative way to improve the current offering.

    Billionaires put a lot of money into research in order to come up with new innovations. Billionaires thrive with prosperous innovations.