Over the years, many have grown their few hundred dollars into thousands and millions. And in contrast, others have lost their thousands and millions of dollars. Thus, you might have wondered how the rich remain rich and even get more productive as time goes on. Here are a few lessons from some admirable American Billionaires on what to do to keep the money rolling in.
Bernard Arnault
With an estimated worth of $72 billion, Bernard believes that “money is a consequence. . . if you do your job well, the profitability will come.” The intent communicated here is straightforward. If you want money, give value! No matter how little you have, think of the value you can deliver to people and watch money look your way speedily.
Warren Buffet
Perhaps you are aware. Warren Buffet is popularly known as one of the American billionaires who invested his way into wealth. To Buffet, “if you don’t find a way to make money while you sleep, you will work until you die.” This is a very simple lesson that requires a great deal of intelligence and diligence. Warren’s advice is simply that you should invest what you have in the most profitable business that will yield consistent dividends for you. This way, whether or not you are physically present, your money will continue to flow in.
Jeff Bezos
Although he is recognized as one of the richest men in the world, Jeff Bezos thinks it is okay to be frugal. To Bezos, “frugality drives innovations, just like other constraints do.” The idea is this: try as much as you can to live beneath your means. Do not spend all that you have on luxuries that you can do without. Instead, you should spend money on necessities. And the needs you should consider are the things that add value to you and can drive you to innovation.
These are simple but profound tips that can significantly influence your financial status. With them, you can be rest assured your money problems will be solved in no time.
