INTRODUCTION
Hola avatar, today, we’re gonna conversate again on how to
become a billionaire.
Let’s get started.
First, you need to scale a business entity that you control and
if it can run for a while without you, that’s a big plus.
There needs to be at least some barriers to entry or you’ve
basically created nothing. Your products or services must satisfy a strong
demand from consumers. That’s either strong needs or strong wants.
There are very few people who worked for someone else and
got to ten figures with an IRA.
You could however buy into an employer’s firm.
Here are some questions you avatars will want to answer:
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Where will the puck go next? The next thing
consumers in your field will want is what?
-
What demands are not being met by sellers in
your niche?
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Can you make your customer experience seamless
and easy from your client’s first contact with you through to your customers leaving
reviews of your product?
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Do you have viable ideas for using any vast resources?
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Can you imagine or project a billion one dollar
sale or ten hundred million dollar sales?
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Can you protect your IP? You kinda have to.
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Can you get salespeople to cool their jets and
allow you to conduct due diligence?
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Do you know you can build anything you need to
succeed?
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Will you be the one to make your own product
obsolete in the future?
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Can you work with people far more skilled than
you?
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Can you work 60-90 hours per week?
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Can you sort out the good guys from the bad
guys?
-
Will you have cutting country rapper showing up
all over?
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Will you stop at say ten million and ring the
bell and go party?
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Can you solve mysteries, put out fires, think
critically, and keep mooches out of your operation?
What work can you or your invention do that other companies,
with their AI’s and outsourcers can not do? If you have some, you may have a
shot.
FIELDS BILLIONAIRES WILL COME FROM
Let’s talk about some fields that future billionaires may
well come from:
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Rare metals
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Crypto, defi and blockchain development
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Internet
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AI and robotics
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Genomics
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Software and SaaS
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VR
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Sanitation and clean water
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Electric power
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Tech, industrial and automotive repair
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Education, skills training and counseling
-
And possibly, corporate raiders who break up
obsolete companies
-
Space travel will one day be a thing
Let’s talk about some of the pitfalls of joining the uber
rich:
-
Parasites will most assuredly come around
-
Most people can be flattered or seduced or
tricked
-
You have less privacy than you think you have
-
There’s crime other than parasitism
-
If you’re in the know as far as government and
corporate planning goes, it’s a HUGE damned if you do damned if you don’t
conundrum
-
There are also well-credentialled crooks
-
Care bears supposedly went to private islands
during covid and made sure masks were worn
Here’s some stuff not
to do, avatar:
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Don’t overemphasize soft skills
-
Don’t focus on fluff
-
Do focus on sales and focus much less on views,
subscribers, likes, etc
-
Try to avoid any spending that doesn’t make
money
-
Don’t tell crazy Karen, renegade meth dealer,
low IQ socialist or supersaved Christian about your venture. If you did, that’s
how you got zips in your wires and well credentialled crooks in the mass media
spreading rumors. This is also how the Republican Party castrated itself
-
Don’t enroll in business school. Do look at the
featured books at MMU
-
Don’t fail to avoid claptrap
-
Do avoid advisors who went to the PT Barnum
school of publicity
-
Don’t give guilt trip travel agents cash or
attention
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Do not hire an incompetent VA or employee
-
Do not finance luxury items
-
Do not push products that don’t sell
-
Do not forget the scandal may be perfectly legal
-
Do not leave anything to chance if you can help
it
-
Don’t put up with lip from the government bus
driver
-
Do remember businesses can peddle lies and
influence government policy
-
Do remember important people are busy
-
Don’t take the time to look at the scoreboard
Extreme savings won’t get you to one billion. But, if you were
FI it would be far easier to focus on your business.
Taking a company you built public could well put you in the
billionaire club. An IPO could also be a good exit strategy.
Unless you manage a hedge fund, private equity firm or VC
firm, the odds are overwhelmingly against becoming a billionaire through stock or
crypto trading though a few have done it.
Read up on several billionaires and note what they do
differently.
Foremost, Elon Musk talks to independent media.
Warren Buffett used the power of compounding the masses’ daily
purchases.
Several billionaires provide governments with data.
Carl Icahn has been a feared activist shareholder for thirty
years.
Sean Parker has been called an agent of disruption. Parker
has used the Internet for maximum impact since the dawn of the Internet.
Many billionaires simply own businesses that sell ubiquitous
consumer products like furniture, make up, clothing and food.
MMU speculates that the blockchain and defi could would
should provide the next generation of billionaires.
Well what do you say, anon? A non-billionaire giving you a
framework for making a billion? If you want a real-world MBA, subscribe to this
channel and definitely visit MMU dot com.
Take the assessments at the resources page at MMU. Make sure
you’ve read the top 8 audiobooks we drilled down for you. If you need more
different wealth building ideas, there are over 200 at the wealth building
ideas page at MMU. Several of the articles at the articles page you may find
helpful.
Well, how do you feel? Lost? Hopeless? Ambitious? I’m not a
medical professional, BUT it seems positive to suggest taking inventory of what
is under your control, weighing the risks and rewards, making a plan and getting
to work. Being a billionaire probably
feels like an overwhelming goal.
I hope you swing by our site and grab our top 8 books and/or
audios.
If you’re broke now, swing by the fast cash ideas page and
maybe you can turn a side-project into a full blown business.
TTYS avatar
https://www.mastermind-university.com
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