How to become a billionaire from zero is the question that spawns the need to transform your look and making your first million.
Yes, becoming a millionaire or billionaire overnight would be really awesome. It takes process and this article aims to reveal some of these processes
Invent
https://8d602fbf29e829112bc7b4bec9fcb0a1.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.htmlInventing is a tough road, but if you have the mind to create, patent, manufacture and market a product that people need, you can become a billionaire. Successful inventions don’t have to be complex or high-tech. James Dyson became billionaires by inventing a better vacuum cleaner and Gianfranco Zaccai by inventing a better check-rust.
Innovate
Innovation is the art of evaluating the main market and finding creative ways to improve existing products or services. Successful innovators identify the real needs behind customer demands and respond to those needs with a better, smarter and more effective product or service. One of the best examples is IKEA. Furniture may not seem like an attractive market, but modular and economical pieces designed with modern touches attract great attention around the world.
Don’t think you know everything
Thinking that you have nothing to learn will destroy your potential to become a billionaire. If you want to become a billionaire by investing or innovating, you have to be curious and open-minded, and always keep learning. These qualities allow you to look at old things with a new eye and see the potential for change and profit that others cannot see.https://8d602fbf29e829112bc7b4bec9fcb0a1.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Invest
Warren Buffett, a self-made billionaire, is famous for his smart investments and simple methods. It takes a little money to invest, and the right perspective to understand which investments are wise and which investments are unreasonable. If you follow in the footsteps of billionaire investors like Buffett, you can find the right path for you.
Don’t make flashy investments
Investors who earn billions from their investments prefer long-term investments with good returns rather than flashy, fun and high-risk investments. While real estate, energy, steel, telecommunications and medical products are among the options, high-tech and interesting but risky investments are not among the right investment options.https://8d602fbf29e829112bc7b4bec9fcb0a1.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Be an entrepreneur
Another option to become a billionaire is to become an entrepreneur. It’s not easy to start a business and be successful, but for those with a sense of business and the talent to value good potential businesses, entrepreneurship is a great way to become a billionaire. Billionaire entrepreneurs work in two ways: they come up with a good idea and fight to the end, as in the case of Bill Gates and Microsoft, or they spot someone’s opinion and invest in that idea at the beginning stage to be successful. Both are viable ways to achieve success. Resign from your job and become the boss of your own business.
Don’t give up early
Entrepreneurs who want to be successful need to know that success cannot be achieved overnight. One business idea might not work but the next one might work. Or your company may not achieve the success you want and you may quit everything or let your dream die and your debt increases. Setting up something from scratch is not easy. If you don’t rush, time will be on your side.
Prepare a plan.
Acting without a plan can ruin you. Becoming a billionaire in 2020 is not an easy task, and people will not become billionaires by accident. Billionaires plan to achieve this goal. They determine what path they want to take and how to achieve their goal. Use a plan, so you can realistically move toward becoming a billionaire.https://8d602fbf29e829112bc7b4bec9fcb0a1.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Make becoming a billionaire a priority.
If you put it off, your plan won’t work. In short, if you don’t take action, the plan will work on its own. If you want to be a billionaire in 2020, you have to be thirsty for it. Becoming a billionaire should be your ultimate goal, because it’s not easy to achieve. It should be at the top of your priorities.
Think outside the box.
For entrepreneurs working in the field of technology, it’s best to let your creativity work. You have to be creative, how you want to achieve your dreams. You either have to have a different idea from others or at least have a new way of looking at things. Approach your priorities in a different way. In general, sometimes funny or silly ideas are the best ideas.
Take advantage of every opportunity.
Wherever you are, you have to look for opportunities. Opportunities may be displayed in unusual ways, but it doesn’t matter. You have to seize and seize all the opportunities, big or small. Always be prepared.https://8d602fbf29e829112bc7b4bec9fcb0a1.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Keep reading.
By being stagnant and not providing useful food for your mind and brain, you are not doing yourself any favors. Knowledge brings power. You have to keep up to date with everything and learn things.
Learn from other billionaires.
There is definitely more than one way to get rich. This can be understood from the different types of billionaires who tell different stories of their successes. Read the success story of others. Imitate their successes. Learn from their mistakes. See what they can teach you. Practice and put your ideas into action. In this way, secrets about how to become a billionaire in 2020 will be revealed to you.
Follow the flow of money.
Your heart may want to follow your interest, but if there is no money in your favorite path, you will definitely not become a billionaire. If you really want to be rich, then you have to put getting rich at the top of your priorities and interests. Work in a field that brings you money. Start a business that will pay off well.
To Become a Millionaire from Nothing, You Need to Be a Hustler.
I follow quite many millionaires online. I love their stories, learning about how they got started, and seeing their growth over the years.
Let’s take Gary Vee, for instance. The hustler of all hustlers.
Can you do that?
If you can, then you can also be a millionaire by 30.
He openly shares his journey and that’s why he has a huge following on all social media channels. His Daily Vee show on YouTube is all about what he does on a daily basis.
Do: Invent
Inventing is a tough career path to take. But if you’ve got the smarts to successfully create, patent, produce and market a product that people need (and thus, will buy in droves), you can build your future billionaire life on it. Successful inventions aren’t necessarily complicated or high-tech items but can be improvements on existing items. For example, James Dyson invented a better vacuum cleaner, and Gianfranco Zaccai invented a better mop, the Swiffer.1 2https://d0ab1f4280292160204070e34b18b7bd.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
KEY TAKEAWAYS
- Billions can fall into two classes: those who invented something new, or those who do a previously invested thing better than anyone else.
- Being a billionaire takes an extreme work ethic and for many, quite a bit of patience.
- Billionaires are always learning and if you have the chance to ask them, they will almost always say they are the student, not the teacher.
- The most common traits among billionaires are work ethic and refusing to give up.
Do: Innovate
Innovation is the fine art of considering a current mainstream market and finding a creative way to improve the current offering.https://d0ab1f4280292160204070e34b18b7bd.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Successful innovators will identify the real needs behind customer demands and will meet them with a smarter, better, more efficient product, or with a service that provides more than its competitors. Others may develop a business that works in a way just different enough to stand out from the rest. IKEA founder Ingvar Kamprad is a great example of someone who used innovation to yield billions.3 Furniture doesn’t seem like a very exciting market, but his approach of providing modular, economical pieces with a modern flair from Sweden and other European designers and manufacturers to a global market proved fruitful.
Do: Invest
Self-made billionaire Warren Buffett 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 can follow in the footsteps of billionaire investors like Buffett, then this might be the route for you.
Do: Be an Entrepreneur
The third option for becoming a billionaire is in the time-honored tradition of entrepreneurial pursuits. 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.
Billionaire entrepreneurs might work in one of two ways: either by coming up with a great idea and taking it all the way, as in the case of Bill Gates and Microsoft or by spotting someone else’s good idea and investing in it early on. Both are viable ways to reach the success that can get you billions of dollars when it comes to your own net worth.
Don’t: Think You Know It All
The moment you think you have nothing left to learn is the moment you kill your potential for becoming a billionaire. Especially if you’re interested in building your wealth through inventing or innovating, you have to be curious, open-minded and always learning. Those qualities allow you to look at old things in a new way, to see the potential for change and profit where others see only what already had been done.
Don’t: Make Flashy Investments
The latest and greatest investment opportunity may be fun to talk about, but one of the pitfalls of would-be billionaires is to jump in on the “next big thing,” which doesn’t always turn out to be so big. Investors who make billions from their investments avoid flashy, fun and high-risk picks and instead choose those with long-term potential to provide great returns. Real estate, energy, steel, telecommunications, pharmaceuticals, and energy are among the picks, while high-tech and intriguing but risky options may go either way.
Don’t: Quit Too Soon
Entrepreneurial types who succeed realize that success rarely comes overnight. One business idea might not pay off, but the next might. It’s not easy to build something from scratch, especially when your something is a fortune of billions. Time is on your side if you don’t rush it.SPONSOREDOpen A Trading Account in Under 5 MinutesOpen a trading account in under 5 minutes and join 400,000 others globally trading gold, silver, copper and 300+ other CFD products over assets like forex, indices, and shares with an award-winning broker. Trade gold from 0.0 spreads on Vantage FX’s RAW account, and access free education and trading tools with 24/5 phone support. Learn more about trading with Vantage FX and get started.
Conclusion
It takes years of discipline, focus, and hard work for anyone to achieve true success. But what if I told you that achieving billionaire status is actually relatively simple? Believe it or not, in this day and age there are many steps you can take to become a billionaire in no time. And the best part is that these steps aren’t even all that drastic or time consuming. Follow my simple 12-step process below to get started on your path toward becoming a billionaire today!