CategoriesActionFinancialObserveReframe your thoughts

Becoming A Billionaire

Now, you may be the type that is curious as to how to do it or seething that becoming a billionaire is even allowed. Either way, or somewhere in between, it seems everyone has a view on billionaires.

Your reaction to the idea of a billionaire will say a lot about you and your relationship with money. That may or may not be a good thing. You will have to think it through. Be brutally honest about how money makes you feel.

There are generally two roads you can take if you are intent on becoming a billionaire. The first is to have the money given to you. This can be from inheritance, divorce, donation, charity or a very good friend. Alternatively, you can earn the money through providing a product or service for a very large number of people (c. 87% of billionaires).

Bill Gates sold software. Many estimates suggest that there are over one billion PC’s running a version of Windows. If it cost $100 each to have that software on the PC’s, the company’s revenues would be $100 billion from that one software alone. Not only has he provided a valuable service to many people, hundreds of thousands of people have earned their livelihood with his company.

I’ve willingly given more than $100 to Microsoft, from which Mr Gates has benefitted. It has definitely been worth it and then some.

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