How to become a billionaire?

How to become a billionaire?

Nobody in this world can afford to spend, because everyone will be haunted by thoughts of how to spend that money. You can start by upgrading the facilities necessary to luxury items.

A family car can become a driver a few luxury boxes for each member of a number of classic luxury car or sports car a few. Or an apartment in the Upper East Side in Manhattan, a private island in the Caribbean, an indoor ski resort in Austria and a hunting areas in Africa.

You can also owns a sports team with their own favorite player or easily dismissed anyone who irritated you.

But the first thing you have to do is how to become a millionaire already. Unless you're lucky and hit the jackpot, if not you will have to work really hard. Opportunity to become billionaires are slim but nobody said anything before. You know, Mark Zuckerberg and his colleagues were the first to riches overnight drunk and a failure to work.

The first step

1. Calm and wise

Do not ever think that you will become a millionaire or a billionaire in just a few nights. Except for cases like Sean Parker of Napster Zukerberg or the guys that wake up early in the morning had the money in hand tails can only be a member of the royal family and the oil bosses or parents to whom they were deer back to work and just wait for life to the inheritance on to his descendants. So, let's learn about finance and investment, basic issues relating to business such as tax rates, dividends, etc. ..

2. Live wisely and saving every penny

We often underestimate the value of the coin. It sounds cliché, but every dollar saved is every dollar earned. Keep them in the urn and certainly someday they will surprise you.

Also live wisely. Reduce all costs incurred and only spend money on things that really necessary. After deducting all costs, figure out how much you need for emergencies and contingencies. With the remaining money, you should be saving or investing in stocks? Remember that saving very little risk but also means very little profit. Conversely, if the investment is too easy and profitable way suspicious, be very careful. It could be a scam.

3. Financial Planning

As you can see, how much savings the next few years. Decide the best method investment. This will help you get closer to your dream billionaires.

Path dream come true

1. Invention

If you are smart enough to invent something practical and highly applicable. The invention does not need to make the earth tremors, just simple enough for people to say why they had never thought about it.

2. Innovation

You can take an existing idea and develop it up. The furniture store has existed for a long time but we have to IKEA knows how exciting is it. We also know to Friendster and MySpace, but Zuckerberg has found a way to innovate and develop them into Facebook.

3. Investment

Buffett's Berkshire Hathaway has an investment portfolio incredible. Or Parker never stop searching for new Internet trend, after Napster shut down. And finally he has invested in Facebook and Spotify.

Pitfalls to avoid

1. Plucking Know Him

No one can know all things in life. So always keep your mind open and relentless curiosity for learning. Once you start thinking that you know everything, you stop learning, and creativity and innovation and you will disappear.

2. Action without thinking

Never invest in something that looks just as promising it. Learn how to analyze the business model and effectively worthy of your money. Until now, Buffett and George Soros often analyze the business environment, which is why they dumped real estate stocks early in anticipation of a rise in interest rates and the the stagnation of the real estate sector then.

3. Easy to give

Do not ever give up too quickly. Gates has sold a compiled program to get a computer software before he started developing a line of code. Cuban had a very bad job, but he still continued to persevere. Richard Branson has failed several times in the investment field. But at the present time, all of whom are extremely wealthy.

Phong Linh