Lessons from Self-Made Billionaires

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… And how you can succeed, too.

Ever wondered how the super-rich people beat the odds and increased their wealth into billions of dollars?

One might think that they are a whole other class of humans who are smarter, luckier, and stronger than the rest of us.

Well, the truth is, these billionaires are just like you and me; they once struggled in life and faced challenges and issues that many of us are confronting. However, how did they break through, conquer their fears, and grow their fortunes to amazing heights?

In this article, let us take a look at some of the most successful self-made billionaires and what we can learn from them.

J. K. Rowling

Currently worth around $1 billion, J. K. Rowling has successfully emerged from destitution to become the wealthiest author in the world. Despite her fabulous wealth, she maintains a deep respect and understanding for poor people and their predicaments.

The best-selling author said that money is won and lost constantly, so you better be kind to all people regardless of their standings in life. After all, the poor one today could be a billionaire tomorrow and the rich’s fortune could vanish anytime. She also says that you can see the true measure of a man by the way he treats his inferiors rather than his equals.

Warren Buffett

Usually swapping places with Bill Gates and Jeff Bezos, Buffett is one of the most popular and easily one of the most philanthropic and likable billionaires of our time. Notorious for being frugal and for his ability to spot undervalued assets, he’s known to spend very little on whimsical items and prefers to keep his cash in things that grow in value over time.

While skipping an espresso or two might be too much for most people, it could be worth keeping your expenses in check and gradually reallocating your cash to investments instead of unnecessary expenses.

James Richman

The reclusive private investor and wealth manager to his fellow UHNI, Richman was not born to wealthy parents. However, he gradually built his own wealth and people who entrusted theirs with him by using his often frowned-upon ability to notice patterns in the financial market.

Born with innate pattern recognition capabilities, he grew up with Asperger’s syndrome — a high functioning autism spectrum disorder that is characterized by impaired social interaction and repetitive patterns of behavior.

With very little encouragement from his teachers and peers growing up, his ability to notice patterns proved to be a beneficial skill in building his wealth and others.

People close to the investor shared that his perseverance and making the most of his natural abilities will not only help provide one an edge in their dealings, but will make one appreciate talents and abilities that come naturally to us.

Bill Gates

Becoming the richest man on earth once upon a time is not an easy feat. However, Bill Gates was able to do just that despite being a college dropout.

The self-made billionaire, therefore, knows where he’s coming from when he says that it’s okay to celebrate success but it’s more important to take the lessons of failure to heart. His success was built on his failures and through his tenacity to keep going and trying new ventures.

Keeping this in mind, you can anticipate that your first try may not always be successful and there is certainly no such thing as an overnight success, as most people we have on the list have built their empire throughout the years with both ups and downs.

Want to become a billionaire, too? Strive to incorporate these tips from these self-made billionaires in your life and you might just eventually become one yourself!