How to Become a Self Made Billionaire
1. Start with a dream
“I intend to be, the richest man in the world.” – Howard Hughes
“It does not take money to make money.” – Robert Kiyosaki
Becoming a billionaire begins with a dream. One of the free gifts given to us by our creator is the gift of imagination. It costs nothing to dream but most people don’t dare to dream and those who do, dream small.
“People who dream small dreams continue to live as small people.” – Rich Dad
“Aim for the highest.” – Andrew Carnegie
On several occasions, I have shared my dream with friends and all I got were fingers pointing at me saying; “you must be a joker.” Do statements like that deter me? My answer is no. I still continue to dream big and pursue that dream vigorously. If becoming a billionaire is your lifetime goal; then allow your mind to wander; dream big and shut your ears to critics.
“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” – Warren
“You are nuts and you should be proud of it. Stick with what you believe in.” – Trip Hawkins
“All men dream, but not equally. Those who dream by night in the dusty recesses of their minds wake up in the day and find out that it was vanity. But the dreamers of the day are dangerous men, for they may act their dreams with open eyes to make it possible.” – T. E. Lawrence
2. Develop the billionaire’s mindset
“If I lose a billion dollars, I will have it back in less than five years.” – Henry Ford
The second step to becoming a billionaire is to develop the mindset of billionaires. Do you know that the thinking capacity of millionaires differ from that of billionaires? To become a billionaire, you must develop your mindset to accommodate that status. You must think big and you must also increase your capacity to handle the corresponding risk.
“You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth.” – J. Paul Getty
Becoming a billionaire means being willing to risk failure; you must also bear in mind that achieving any worthwhile goal in life requires sacrifice. You must see possibilities in the actualization of your dreams and ultimately, you must train your eyes to see opportunities disguised as problems; you must see opportunities others don’t see.
“Someone asked me, ‘how can I find a good business opportunity? I replied, ‘go and look for adversity.’ If you can handle adversity, you will find opportunity. Adversity and opportunity are two inseparable twins.” – Ajaero Tony Martins
“A good businessman must have nose for business the same way a journalist has nose for news. Once your eyes, ears, nose, heart and brain are trained on business, you sniff business opportunities everywhere. In places where people see a lot of obstacles, I see a lot of opportunities.” – Orji Uzor Kalu
“If you want to go broke; go it big. I will prefer to lose a billion dollars than to lose a million dollars.” – Ajaero Tony Martins
3. Increase your business skills
“Skills make you rich, not theories.” – Rich Dad
Increasing your business skills is essential to the entrepreneurial process. In fact, becoming a billionaire requires more than just business skills. It require financial intelligence, strong intra personal skills and investing skill. Making money is a skilled act; making money is all about utilizing your acquired entrepreneurial skills.
“The ability to sell is the number one skill in business. If you cannot sell, don’t bother thinking about becoming a business owner.” – Rich Dad
4. Develop a fast business idea
“There are fast ideas and slow ideas, just as there are fast trains and slow trains. When it comes to money, most people are on the slow train looking out the window watching the fast train pass them by. If you want to become rich quickly, your plan must include fast ideas.” – Rich Dad
From my personal point of view, this is where the work begins in the entrepreneurial process to becoming a billionaire. To achieve your dream of becoming a billionaire, you need a fast business idea; accompanied by a fast plan.
“All achievements, all earned riches have their beginning in an idea.” – Andrew Carnegie
Now what do I mean by a fast business idea and a fast plan? In previous articles, I stressed the point that the world is filled with brilliant ideas but the world lack seasoned entrepreneurs. This is why I emphasized you increase your business skills before ever starting a business; the world is filled with brilliant ideas.
Any idea can take you to the place of your dreams but if becoming a billionaire is your priority, then any idea is not enough. You need a fast business idea. A fast business idea is an idea that’s hot in demand; an idea that’s in line with the growing trend. A fast idea solves a very critical problem and most times; fast ideas are always the pioneer solution to people’s problems or needs.
As an illustration to prove the importance of developing a fast idea, I will share with you the following stories. Early 1900, there was a growing demand for oil throughout the world and entrepreneurs such as John D. Rockefeller and J. Paul Getty took advantage of this growing demand; and they became billionaires. When the demand for affordable means of transportation came up, Henry Ford took advantage of it and became a billionaire; so also did Cornelius Vanderbilt.
“I have no complex about wealth. I have worked very hard for my money; producing things people need.” – J. Paul Getty
Aliko Dangote saw a growing demand for commodities in Nigeria and he positioned himself as a fast solution provider; today, he is not only a billionaire but also the richest black man in the world. Computers came as a trend and Bill Gates, Steve Jobs, Larry Ellison, Ted Waitt and Michael Dell developed fast ideas to take advantage of this trend; and they ended up becoming billionaires.
“I’m the NO 1 developer in New York. I’m the biggest in Atlantic City, and maybe we will keep it that way.” – Donald Trump
The internet came as a trend and Larry Page, Jerry Yang, Steve Case, Jeff Bezos, Pierre Omidyar and Mark Zuckerberg developed fast ideas to take advantage of the trend and they became billionaires. So if you want to join this list of billionaires; you need to develop a fast business idea. Now how do you develop a fast idea? I don’t know, but a great way to start is to ask yourself the question; “What is the next coming trend? Will it be biotechnology, alternative power, genetic engineering or something else? Only time will tell.
“I intend to be, the richest man in the world.” – Howard Hughes
“It does not take money to make money.” – Robert Kiyosaki
Becoming a billionaire begins with a dream. One of the free gifts given to us by our creator is the gift of imagination. It costs nothing to dream but most people don’t dare to dream and those who do, dream small.
“People who dream small dreams continue to live as small people.” – Rich Dad
“Aim for the highest.” – Andrew Carnegie
On several occasions, I have shared my dream with friends and all I got were fingers pointing at me saying; “you must be a joker.” Do statements like that deter me? My answer is no. I still continue to dream big and pursue that dream vigorously. If becoming a billionaire is your lifetime goal; then allow your mind to wander; dream big and shut your ears to critics.
“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” – Warren
“You are nuts and you should be proud of it. Stick with what you believe in.” – Trip Hawkins
“All men dream, but not equally. Those who dream by night in the dusty recesses of their minds wake up in the day and find out that it was vanity. But the dreamers of the day are dangerous men, for they may act their dreams with open eyes to make it possible.” – T. E. Lawrence
2. Develop the billionaire’s mindset
“If I lose a billion dollars, I will have it back in less than five years.” – Henry Ford
The second step to becoming a billionaire is to develop the mindset of billionaires. Do you know that the thinking capacity of millionaires differ from that of billionaires? To become a billionaire, you must develop your mindset to accommodate that status. You must think big and you must also increase your capacity to handle the corresponding risk.
“You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth.” – J. Paul Getty
Becoming a billionaire means being willing to risk failure; you must also bear in mind that achieving any worthwhile goal in life requires sacrifice. You must see possibilities in the actualization of your dreams and ultimately, you must train your eyes to see opportunities disguised as problems; you must see opportunities others don’t see.
“Someone asked me, ‘how can I find a good business opportunity? I replied, ‘go and look for adversity.’ If you can handle adversity, you will find opportunity. Adversity and opportunity are two inseparable twins.” – Ajaero Tony Martins
“A good businessman must have nose for business the same way a journalist has nose for news. Once your eyes, ears, nose, heart and brain are trained on business, you sniff business opportunities everywhere. In places where people see a lot of obstacles, I see a lot of opportunities.” – Orji Uzor Kalu
“If you want to go broke; go it big. I will prefer to lose a billion dollars than to lose a million dollars.” – Ajaero Tony Martins
3. Increase your business skills
“Skills make you rich, not theories.” – Rich Dad
Increasing your business skills is essential to the entrepreneurial process. In fact, becoming a billionaire requires more than just business skills. It require financial intelligence, strong intra personal skills and investing skill. Making money is a skilled act; making money is all about utilizing your acquired entrepreneurial skills.
“The ability to sell is the number one skill in business. If you cannot sell, don’t bother thinking about becoming a business owner.” – Rich Dad
4. Develop a fast business idea
“There are fast ideas and slow ideas, just as there are fast trains and slow trains. When it comes to money, most people are on the slow train looking out the window watching the fast train pass them by. If you want to become rich quickly, your plan must include fast ideas.” – Rich Dad
From my personal point of view, this is where the work begins in the entrepreneurial process to becoming a billionaire. To achieve your dream of becoming a billionaire, you need a fast business idea; accompanied by a fast plan.
“All achievements, all earned riches have their beginning in an idea.” – Andrew Carnegie
Now what do I mean by a fast business idea and a fast plan? In previous articles, I stressed the point that the world is filled with brilliant ideas but the world lack seasoned entrepreneurs. This is why I emphasized you increase your business skills before ever starting a business; the world is filled with brilliant ideas.
Any idea can take you to the place of your dreams but if becoming a billionaire is your priority, then any idea is not enough. You need a fast business idea. A fast business idea is an idea that’s hot in demand; an idea that’s in line with the growing trend. A fast idea solves a very critical problem and most times; fast ideas are always the pioneer solution to people’s problems or needs.
As an illustration to prove the importance of developing a fast idea, I will share with you the following stories. Early 1900, there was a growing demand for oil throughout the world and entrepreneurs such as John D. Rockefeller and J. Paul Getty took advantage of this growing demand; and they became billionaires. When the demand for affordable means of transportation came up, Henry Ford took advantage of it and became a billionaire; so also did Cornelius Vanderbilt.
“I have no complex about wealth. I have worked very hard for my money; producing things people need.” – J. Paul Getty
Aliko Dangote saw a growing demand for commodities in Nigeria and he positioned himself as a fast solution provider; today, he is not only a billionaire but also the richest black man in the world. Computers came as a trend and Bill Gates, Steve Jobs, Larry Ellison, Ted Waitt and Michael Dell developed fast ideas to take advantage of this trend; and they ended up becoming billionaires.
“I’m the NO 1 developer in New York. I’m the biggest in Atlantic City, and maybe we will keep it that way.” – Donald Trump
The internet came as a trend and Larry Page, Jerry Yang, Steve Case, Jeff Bezos, Pierre Omidyar and Mark Zuckerberg developed fast ideas to take advantage of the trend and they became billionaires. So if you want to join this list of billionaires; you need to develop a fast business idea. Now how do you develop a fast idea? I don’t know, but a great way to start is to ask yourself the question; “What is the next coming trend? Will it be biotechnology, alternative power, genetic engineering or something else? Only time will tell.
How to Become a Billionaire Fast
5. Find a business coach or mentor
Let me divulge a secret to becoming a billionaire to you. If you are mentored by a billionaire; chances are high that you will end up a billionaire. I have seen young entrepreneurs perform excellently simply because they are being mentored by billionaires. So when looking for a business coach or mentor; find one that’s a billionaire already or has direct access to billionaires
“Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet.” – J. Paul Getty
A good way to go is to seek business mentors who are Venture Capitalists, investment bankers, Angel investors and deal makers. Getting a business coach from any of these fields will do you good and you will learn tremendously from their wealth of experience. Now how do you break into this circle of great men? My answer is I don’t know. All I can say is to repeat what Winston Churchill said:
5. Find a business coach or mentor
Let me divulge a secret to becoming a billionaire to you. If you are mentored by a billionaire; chances are high that you will end up a billionaire. I have seen young entrepreneurs perform excellently simply because they are being mentored by billionaires. So when looking for a business coach or mentor; find one that’s a billionaire already or has direct access to billionaires
“Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet.” – J. Paul Getty
A good way to go is to seek business mentors who are Venture Capitalists, investment bankers, Angel investors and deal makers. Getting a business coach from any of these fields will do you good and you will learn tremendously from their wealth of experience. Now how do you break into this circle of great men? My answer is I don’t know. All I can say is to repeat what Winston Churchill said:
“He who must dig will surely find a spade; where there’s a will, there’s a way.” – Winston Churchill.
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