Whether you're in need of a new car or are trying to build a fund for your child's college education, not having to worry about finances is a luxury few have — but that doesn't mean you can't get to the place one day.
You too can learn how to build wealth like a boss by following these suggestions from those who rake in the big bucks.
Malcolm Gladwell, author of Outliers: The Story of Success, chalks the achievements of some of the world’s wealthiest entrepreneurs up to discipline and putting in up to 10,000 hours of work to become experts in their respective fields. “There is no way around hard work,” Gladwell declared. “There are never any shortcuts, and anyone who tells you there’s a shortcut is blowing smoke.” And, he adds, a fool proof method to making money is to start early. “No one who can rise before dawn 360 days a year fails to make his family rich.”
Investor Warren Buffett is worth around $90 billion today, but he traces his success to spending $100 when he was young to take a course to get over his fear of public speaking. “Invest in yourself,” the Oracle of Omaha stated. “Nobody can take away what you’ve got in yourself, and everybody has potential they haven’t used yet.” The class worked so well he proposed to his wife during the middle of the course. “It also helped me sell stocks in Omaha, despite being 21 and looking even younger.”
Always Be Creating
In his job as a financial adviser, Robert Pagliarini has seen first hand what has made a fortune for many of those who seek his services. “My clients who have had the most financial/life success are those who have created something — a business, product, art or cause,” he said suggesting everything from starting a blog to starting a business. “It doesn’t really matter what you create; just create something.”
Bill Gates is always at the top of the list of the world’s richest business leaders, but surprisingly he admits his impressive accomplishments aren’t all thanks to hard work. The Microsoft cofounder credits his entrepreneurial acumen to reading as many as 50 books a year, or around one a week. “Every book teaches me something new or helps me see things differently,” Gates explained. “Reading fuels a sense of curiosity about the world, which I think helped drive me forward in my career.”