We have read how Louie Yakich became a billionaire in this site. Using DDC (Dream Determination and Connection. He is an American (with dual citizenship and how he did this is awe inspiring)
How about a story from a Filipino. Mareng Winnie Monsod interviewd David Consunji, now 92 who hails from Bataan, a rags to richest construction man. He is the 5th richest man in the Philippines with $2.7 billion in networth (or roughly P114 billion) He has 5 principles:
1. Take the risk
2. Watch your spending (be frugal)
3. Diversify your holdings
4. Do good business.
Here he says you can start becoming a billionaire when you start "serving people"
So you may not be rich Peso or Dollar wise, but when you serve people, in many respect, you are a billionaire (in a spiritual way)
The full article:
1. Take the risk
According to a Bangko Sentral ng Pilipinas (BSP) survey, seven of 10 Filipino households are not entrepreneurs, preferring to earn a salary than invest money in a business venture. Similarly, Consunji said in Filipino, he knew that employment would mean a more stable and higher paycheck.
Nevertheless, he and a few friends invested their money in a small shop, a truck, a cement mixer, and began looking for construction jobs around town. Business ventures are risky by nature, but Consunji's story shows that persistence, intelligence, and guts can pay off.
2. Watch your spending
“Sabi ng ama ko,” Consunji said, “huwag mong gayahin ang masamang ugali ng mga tao.” His father told him to always keep in mind the adage: “Ubos-ubos biyaya; pag-naubos, nakatunganga.”
Saving is an integral part to accumulating wealth, but it doesn’t always mean going the full Scrooge McDuck. Consunji encouraged viewers to keep a simple lifestyle and avoid buying more than what they need. Despite having enough wealth to afford the most exquisite cuisine in the world, Consunji said his breakfast remains ordinary: he prefers to start his day with cornflakes, tuyo, paksiw, or torta.
3. Diversify your holdings.
Spreading your assets over various interests is the best way to ensure a steady flow of income. Consunji doesn’t rely solely on construction for his profits, but has investments in mining (Semirara Mining Corporation), water (DMCI-MPI Water Company) and energy (DMCI Power Corporation).
4. Do good business.
As a small construction contractor, Consunji didn’t have the connections to catapult him to the top. He did, however, make sure his clients’ expectations were well-met. He got his big break when he finished a Coca-Cola plant for tycoon Don Andres Soriano in 1951, who was impressed that Consunji finished the job nearly half a year earlier than expected.
When he served as Secretary of the Department of Public Works, Transportation and Communications during the Marcos years, Consunji revealed that when he was removed from office, the president privately told him it was because of his intolerance for shady deals.
Today, as ever, Consunji said he has always taken pride in rendering good service to those who have placed trust in him.
“Dave Consunji,” said Mareng Winnie, “is proof that nice guys do not always finish last.
Seriously, how do you become a billionaire
From my top business
1. Dream - similar to Louies formula
2. Take risk (similar to David Consunji
3. Increase your business skills
4. Find business ideas
5. Find a business coach or mentor (or model)
6. Start a business
You do not become rich by being an employee
The full article
Top Small Business ideas for Beginners
Top Business ideas
Innovative Million Dollar ideas for Smart Entrepreneurs
How to Become a Billionaire
“We are self made, or never made.” – Dr Sidney Newton
“If you can count your millions, you are not a billionaire.” – J. Paul Getty
P.S: When i first wrote this article about my dream to become a billionaire (10th November 2010), i had nothing, not even cash. All i had was a dream and a plan. I was simply following my mentors advice (Robert Kiyosaki and Donald Trump) to think big and start small. Fast forward to today (January 1st 2014), i can proudly say that i am a Multi-Milli****** with successful businesses + hard and paper assets. Now i don’t know if i will still hit the goal to make a billion dollars but i promise you i will keep pushing for it till my brain fails me. – Ajaero Tony Martins
Now What Does it Take to Become a Billionaire Fast?
“It is my utmost desire to become a billionaire in my life time and also give away billions of dollars. I don’t think any paid employment on earth can help me achieve that dream. If I become a billionaire in my life time, I will just be another self made entrepreneur on the list. But if I don’t; I will die knowing I gave that dream my best shot.” – Ajaero Tony Martins
How does one become a self made billionaire Fast?
“I think it is a man’s duty to make all the money he can, keep all that he can and give away all that he can.” – John D. Rockefeller
“If you want to successfully go up the mountain, ask the man who has gone through it to and fro.” – Zen Master
How long does it take to become a billionaire?
“Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.” – Warren Buffett
“Twenty years and $40 billion; they seem like good round numbers.” – Michael Dell“I was worth about over a million dollars when I was twenty-three and over ten million dollars when I was twenty-four, and over a hundred million dollars when I was twenty-five and it wasn’t that important because I never did it for the money.” – Steve Jobs
“The most important thing is to enjoy yourself and continue to work. Life is a journey, not a destination. That’s also true in business; your objectives keep moving.” – Thomas J. Burrell
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
“People who dream small dreams continue to live as small people.” – Rich Dad“Aim for the highest.” – Andrew Carnegie
2. Develop the billionaire’s mindset“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
“If I lose a billion dollars, I will have it back in less than five years.” – Henry Ford
“You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth.” – J. Paul Getty
3. Increase your business skills“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
“Skills make you rich, not theories.” – Rich Dad
4. Develop a fast business idea“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
“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
“All achievements, all earned riches have their beginning in an idea.” – Andrew Carnegie
“I have no complex about wealth. I have worked very hard for my money; producing things people need.” – J. Paul Getty
“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
How to Become a Billionaire Fast
5. Find a business coach or mentor“Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet.” – J. Paul Getty
6. Start a business“He who must dig will surely find a spade; where there’s a will, there’s a way.” – Winston Churchill
“To build wealth today, you must be in your own business.” – J. Paul Getty
- 1900 – Andrew Carnegie made his money from steel – $475 million
- 1910 – John D. Rockefeller became a billionaire in oil – $1.4 billion
- 1920 – Henry Ford became a billionaire in the auto industry – $1 billion
- 1940 – Howard Hughes became a billionaire with military aircrafts, contract, tools and movies – $1.5billion
- 1957 – J. Paul Getty became a billionaire in oil – $1 billion
- 1962 – Henry Ross Perot became a billionaire with EDS – $3.8 billion
- 1970 – Sam Walton took Wal-Mart public and became a billionaire – $22 billion
- 1980 – Ron Perelman made fortune as a Wall Street deal maker – $3.8 billion
- 1990 – Jerry Yang founded Yahoo! – $3.7 billion
- 2008 – Aliko Dangote became the richest black man in the world as a manufacturer – $3.3 billion
- 2010 – Mark Zuckerberg became a billionaire with FaceBook.com – $6 billion
“Build wealth as a byproduct of your business success. If wealth is your only objective in business, you will probably fail.” – J. Paul Getty
7. Assemble a strong business team“The richest people in the world build networks; everyone else is trained to look for work.” – Rich Dad
“Successful businessmen share the ability to hire people smarter than they are.” – Dillard Munford
“VCs would rather invest in a business venture with an average product and a strong management team than invest in a business with an excellent product with a weak management team.”
“If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.” – J. Paul Getty
9. Take your company public“Despise not the days of little beginning.” – The Holy Bible
“Taking a company public is the rite of passage for any entrepreneur.” – Rich Dad’s Guide to Investing“Unfortunately, we are not a public company. We are a private group of companies and I can do what I want.” – Richard Branson
“If you are acquired, a company validates you. If you go public, the market – the world validates you.” – Fortune magazine
10. Invest in other businesses“The new issues and IPO market is just like other businesses. The market is always looking for the flavor of the month. If you want to be very rich, part of your strategy as a business owner is to be building a company the market want, before the market wants it.” – Rich Dad’s Guide to Investing
“Once you have made it, you will understand that any business is limited in the challenges it offers. You will want and need other games to play, so you will look for other ventures to hold your interest.” – J. Paul Getty
“Men of means look at making money as a game which they love to play.” – J. Paul Getty
- In February 1998, Warren Buffett disclosed that he had acquired 130million ounces of silver and stored it in a warehouse. Warren Buffett; at several intervals has made strategic investments in Goldman Sachs, Coca Cola and other companies.
- In September 1998, Canadian business ran an article indicating that Bill Gates has made a buy in silver, acquiring a 10.3% stake for $12million of a Canadian silver company listed on the Vancouver stock exchange.
- In 2010, a TV analysis on Oracle Corporation revealed that Larry Ellison has led Oracle to acquire 57 companies in a space of five years. If these self made billionaires are still investing even after hitting the pinnacle of success, why shouldn’t you.
“You must not only learn to live with tension, you must seek it out. You must learn to thrive on stress.” – J. Paul Getty
“I built a conglomerate and emerged the richest black man in the world in 2008 but it didn’t happen overnight. It took me thirty years to get to where I am today. Youths of today aspire to be like me but they want to achieve it overnight. It’s not going to work. To build a successful business, you must start small and dream big. In the journey of entrepreneurship, tenacity of purpose is supreme.” – Aliko Dangote
“Patience; this is the greatest business asset. Wait for the right time to make your moves.” – J. Paul Getty
“God is such a loving father. He gave everyone of us a blank signed check. Anything you write on that check will be yours. But unfortunately; most people die poor because they don’t dare to write something big on that check. That check is a gift called life.” – Ajaero Tony Martins
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