Many of today’s Billionaires didn’t have a big wallet to start with. The majority were self-made and paved their way to success through a lot of hard work and dedication. Despite the fact, that you and almost every other person on this planet wants to live their life, only a small number of people manage to become wealthy.
So, what’s the secret to becoming a self-made billionaire? How did they manage to conquer career success? Here are some career tips that you can get from those who once have been where you are now, dreaming of becoming billionaires:
1. Work for Yourself
In the US about 70% of self-made Billionaires own a business. As entrepreneurs, they managed to achieve financial freedom that started off from just developing a unique idea. While starting up a business out of nothing is difficult it is not impossible. Take an example from famous personalities who have managed to make a fortune out of building a successful business such as Bill Gates, Sam Walton and Steve Case. If you can think of yourself as a businessman, you could get into real estate and gradually increase your wealth.
2. Don’t Go After the Money
As contradictory as it sounds, you shouldn’t make money your priority. Yes you will need some to get you started and yes you want to be able to live well, but for now you just need to be patient. Find your true passion and motivation, master your art and the money will eventually come your way. Once you find your purpose in life, you stand a chance of creating something that is going to help other people and change the world.
3. Have a Plan
Successful people know what they want to get out of their career. They have a clear sense of direction, and they are working towards achieving their dreams every step of the way. Without having a set plan in place, you can easily get distracted from your goals, so it’s vital to first determine what you want to do and who you want to be.
Answering the following questions will help you organise your thoughts better so that you can start planning your career:
- Where am I now?
- What are my goals?
- Where do I want to be?
- How do I see myself in 5 years’ time?
- What will help me get there?
These questions will help you refine your goals and determine what steps you need to take to arrive at your destination. Write down your answers on a piece of paper so that you can come back and check them at any point.
4. Work Harder than Everybody Else
Self-made millionaires leave nothing to chance. They succeed in making themselves and their work known to the public. They choose to do something different so that they can stand out from the crowd and beat their competition. In that sense, they become pioneers in their own field by offering a product or service that is unparalleled by any other.
5. Never Stop Evolving
In order to get your hands on the big cash, you need to develop your skills and cultivate your talents. First and foremost, make it your goal to develop your job-specific and transferable skills so that you can gradually climb on that career ladder. To help you stay on the right track, follow the principles of ‘Lifelong learning’ which says that you should retain an ‘ongoing, voluntary and self-motivated’ pursuit of knowledge to achieve your career goals.
6. Love What You Do
Steve Jobs once said: “The only way to do great work is to love what you do.” On top of that, the only way to make money is to do great work. You can’t expect to achieve excellence doing something that doesn’t inspire you or make you happy. Despite the fact that this is obvious, many people choose to stay in a job they don’t love because they are comfortable enough in that position and find this as an excuse to not go after their dreams.
7. Start Investing
Instead of spending your money, put it to good use. Self-made billionaires realise the importance of not spending and instead saving and investing their money for the future. When you start making money, restrict the temptation of getting an expensive car or clothes, build up a budget and increase your wealth from there.
8. Change Your Attitude
In many ways, your attitude to success determines how wealthy you are going to be. In order to become a self-made billionaire, you have to be able to visualise it. Set a goal, embrace positive thinking and believe that you can become a self-made billionaire. The secret to achieving your goal is overcoming your fear of failure and facing obstacles along the way.
9. Take Risks
Every self-made billionaire knows too well that if they hadn’t taken any risks some years ago they wouldn’t be living the life they do now. Their success translates to effective decision-making and risk assessment. Likewise, when you are confronted with a dilemma make sure you take some time to assess the benefits and the risks associated with each decision. If that’s not possible, you’ll need to take your chances.
10. Find Multiple Sources of Income
Rich people don’t rely on a single revenue stream. Since they are not conformists but creative individuals, they are always looking for new ways to generate money. Whether this is a new investment or getting a second job, they are capable of working day and night to make this possible. This is also the reason they often appear to more than willing to go the extra mile.
What’s so special with every self-billionaire out there anyway? If you believe you have what it takes to go after your career goals, follow these tips and make a fortune starting from scratch.
See Also: 10 Ways to Become Rich
You were a given a lifetime to do what you want, to become what you aspire to be and live the kind of life you desire. So, what are you going to do about it? Share your thoughts in the comments section below.