How can you maximize your chances of becoming a multi billionaire?

[theag]

How can you maximize your chances of becoming a multi billionaire?

If you have to ask that question on an internet forum, your chances are 0%.

 

[SteveO]

You may set a goal to hike to the top of Everest. So you train and train. It is possible that you try a few times but don't succeed.

In the meantime, there are others that set smaller goals. They climb Mt Whitney, take a trip to Tanzania and hike Kilimanjaro. Also spend time in the Rockies catching multiple 14K peaks. They may be enjoying themselves while piling on the victories.

In the meantime, you don't reach the top of Everest and have never enjoyed the process or the defeats.

But to attempt answer your question, you will need to be very efficient at managing and running businesses. None of us on this forum are at that level you are asking about. So we are not qualified to answer.

 

[jon.a]

How can you maximize your chances of becoming a multi billionaire?

Minimize your time spent posting stupid questions on entrepreneurial forums.

 

[Yoda]

Take seriously large, calculated risks. Your expected value (EV) needs to be extraordinary. Your execution has to be better.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Fox]

Stop mentally masterbating

 

[MJ DeMarco]

Ill bite:

A) Start with $50,000,000
B) Move to the Bay Area
C) Hob nob and make it known you are funding startups.
D) Start allocating money to anything that has a wing-and-a-prayer.
E) Wait.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[AllenCrawley]

How can you maximize your chances of becoming a multi billionaire?

Start.














I'd be willing to bet you have yet to do so.

 

[Hyrum]

Provide $5 million worth of value to 200 people. Or provide $50 worth of value to 20,000,000 people.

But the better question to ask is, "Why do I want to be a billionaire?" If it's because you want to live in a big mansion, drive a lambo, and fly first class, then you can do all that on a lot less than a billion dollars. If it's just to be able to tell people that you're a billionaire, then I doubt that will give you enough to fight your way to your goal. Every billion dollar company has had to fight for every dollar of valuation. The taxi industry didn't roll over for Uber. The hotel lobby didn't just stand and watch AirBnB roll into town. Whatever competitors you're going to face aren't going to lay down for you either.

I have a very viable (potential) multi-billion dollar solution to a major problem. The market is literally screaming for what I can provide. Every day I see a different article in major publications (Time, Fortune, WSJ) emphasizing this problem, and no one has stepped up to solve it. And yet, I hesitate because I'm not sure I want to get into this fight. The incumbents are Fortune 100 companies, and they fight dirty. Looking at what the next 5 - 7 years will entail, I'm just not sure it's worth it if all my wants and needs can be met with a lesser amount.

My guess is you just want to be able to say that you're a billionaire. Start providing value and you may find out that you don't need to have an arbitrarily defined number.

 

[458]

buy my ebook for $99.95

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Raoul Duke]

Actuallly, anyone who asks this question on an internet forum has a chance of becoming a billionaire higher than most.

The next Monday, when the fathers were all back at work, we kids were playing in a field. One kid says to me, “See that bird? What kind of bird is that?” I said, “I haven’t the slightest idea what kind of a bird it is.” He says, “It’s a brown-throated thrush. Your father doesn’t teach you anything!” But it was the opposite. He had already taught me: “See that bird?” he says. “It’s a Spencer’s warbler.” (I knew he didn’t know the real name.) “Well, in Italian, it’s a Chutto Lapittida. In Portuguese, it’s a Bom da Peida. In Chinese, it’s a Chung-long-tah, and in Japanese, it’s a Katano Tekeda. You can know the name of that bird in all the languages of the world, but when you’re finished, you’ll know absolutely nothing whatever about the bird. You’ll only know about humans in different places, and what they call the bird. So let’s look at the bird and see what it’s doing—that’s what counts.” (I learned very early the difference between knowing the name of something and knowing something.)

My father taught me to notice things. One day, I was playing with an “express wagon,” a little wagon with a railing around it. It had a ball in it, and when I pulled the wagon, I noticed something about the way the ball moved. I went to my father and said, “Say, Pop, I noticed something. When I pull the wagon, the ball rolls to the back of the wagon. And when I’m pulling it along and I suddenly stop, the ball rolls to the front of the wagon. Why is that?” “That, nobody knows,” he said. “The general principle is that things which are moving tend to keep on moving, and things which are standing still tend to stand still, unless you push them hard. This tendency is called ‘inertia,’ but nobody knows why it’s true.” Now, that’s a deep understanding. He didn’t just give me the name. He went on to say, “If you look from the side, you’ll see that it’s the back of the wagon that you’re pulling against the ball, and the ball stands still. As a matter of fact, from the friction it starts to move forward a little bit in relation to the ground. It doesn’t move back.” I ran back to the little wagon and set the ball up again and pulled the wagon. Looking sideways, I saw that indeed he was right. Relative to the sidewalk, it moved forward a little bit. That’s the way I was educated by my father, with those kinds of examples and discussions: no pressure—just lovely, interesting discussions.


— Richard Feynman (1918–1988)

 

[OldFaithful]

Invest everything in plastic surgery (your own), and then marry a multi-billionaire.

 

[jon.a]

I don't want to be a multi-billionaire, too much work.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[qaerst]

Not giving up and working the most efficient and smartest way.

 

[SYK]

Become a billionaire. And then just repeat what you did to get there. Pretty simple when you think about it, really.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Mido]

If you have to ask that question on an internet forum, your chances are 0%.

Actuallly, anyone who asks this question on an internet forum has a chance of becoming a billionaire higher than most.

 

[MakeItHappen]

Read this book: https://www.amazon.com/dp/1591842719/?tag=tff-amazonparser-20

BTW although the author became a billionaire he said that if he would do it all over again he would aim for making ~$40-50 million as fast as possible and do whatever he wants after that. Hint: he wasn't passionate about business/work.

 

[MidwestLandlord]

To become a billionaire you have to sacrifice A LOT, have you thought about whether it's worth the sacrifice?

Assuming "multi billion" is at least 2 billion...

That's 2,000 million dollars.

Why do that when I can have the life I want for .5% of that amount??

Hell, that makes 10 million look easy haha

 

[GetShitDone]

Unlike most, I'll take your question seriously.

I'm from tech start up land: Elon Musk, CEO job titles, unicorn valuations, venture capital, flying cars, all that.

Nowadays, most new billionaires become billionaires from tech valuations (unicorns, IPOs, etc) due to speculation of company value, scalability of tech, and disruption of tech in all industries.

Most of the most recent billionaires have made their billions from simply using technology to take a significant % market share of an entire industry.

• Look at what will BOOM in the next 5-10 years (eg. A.I, Machine Learning, 3D Printing, Biometrics, etc) What is the next "Internet", "App", "Smartphone", etc in the 2020s?

• Innovate in those fields to disrupt a certain industry that is "disrupt-able"

• Raise shit tons of cash on the back of your vision and SCALE, SCALE, SCALE.

Obviously Fastlane principles still apply to this, but you get the general idea of HOW billionaires become billionaires in today's world.

If you really want this, don't bother paying attention to irrelevant statements like "ONLY 2,043 PEOPLE ARE BILLIONAIRES AND THERE ARE 7.5B PEOPLE IN THIS WORLD!!!!! THAT'S A 0.00000000000000001% CHANCE! ZOOMGGGGG IDIOT"

Because at the end of the day, statistics like that mean nothing to your question when 99.99999999999% of people aren't even trying to be billionaires.

If you really want this, immerse your entire being into the world of the following: a disruptable industry + a future innovating technology.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Olimac21]

Hang out with people who are already millonaires,never stop learning, be open for failure and have open eyes to provide value to others.

 

[Youngkody]

If you do this, don't have ugly kids or you can get sued and have to admit to your spouse you have had plastic surgery like this woman > http://nyp.st/1sklje6

@becks22 lmao its a sad world we live in

 

[OldFaithful]

Probably better odds working for females than males *just saying* haha

Then you just need to invest more! With enough $ you can go from Average Joe to Marilyn Monroe!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[qaerst]

How can you maximize your chances of becoming a multi billionaire?

Minimize your time spent posting stupid questions on entrepreneurial forums.

You've made me spit my coffee. +repp!

 

[becks22]

Invest everything in plastic surgery (your own), and then marry a multi-billionaire.

If you do this, don't have ugly kids or you can get sued and have to admit to your spouse you have had plastic surgery like this woman > http://nyp.st/1sklje6

 

[ApparentHorizon]

Why not skip the billionaire part and go straight to Trillionaire???

invest in ASTEROID MINING

 

[Ecom man]

You are asking the wrong question.

The current percent of billionaires in the world is 0.00002481002194450517%
Let's say you double your "chances" by doing everything that everyone on here said, everyone on reddit said (since this is more a Reddit question), and everything you could fine online. Now your chance of becoming a billionaire is now 0.00004962004389%. Better odds but still not anywhere close.

A better question would be what do most billionaires do that normal people don't. The answer to that will get you much better information.

Billionaires don't work 20-40 hours a week. They work 80-100.
Billionaires don't work a job. They own/build businesses.
Billionaires don't quit because it gets hard. They find a way.

Do those 3 things and you just might have a shot.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Dwight Schrute]

How to become a multi-billionaire in a week or less,
guaranteed to work for 99% of the population


1. Start with a trillion
2. Get into business​

 

[ddzc]

If you have to ask that question on an internet forum, your chances are 0%.

/thread #landfill

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Ninjakid]

How can you maximize your chances of becoming a multi billionaire?

IMPORTANT! - Elon Musk stopped by today...

 

[ZF Lee]

Ill bite:

A) Start with $50,000,000
B) Move to the Bay Area
C) Hob nob and make it known you are funding startups.
D) Start allocating money to anything that has a wing-and-a-prayer.
E) Wait.

MJ, being a venture capitalist isn't the only way to be a billionaire, you know?
And I think it's one of the toughest routes...considering that most startups have quite weak needs to begin with....that way, even being a VC might be like being a gambler.

#landfill

Second that.
Is it me, or are threads like these popping up more often?!

 

[Tomek Starosta]

Why are people obsessed with this billionaire shit?!

Chances are you're nowhere near making that kind of money especially since you posted this question.

Focus on the road, mate or you could crash and die.