The best way to learn about building wealth and to succeed in finances is to follow the best personal tips from the billionaires. To become financially successful, it is true that knowledge is power. Getting to know the wisdom from who have built a fortune gives you a better chance to end up as millionaire or billionaire.
As you have observed in our society, only those people who have financial wisdom can successfully create wealth. They absolutely learn and understand the best teachings about money. They know the process of making money and how to accumulate wealth.
“One whose knowledge is confined to books and whose wealth is in the possession of others can use neither his knowledge nor wealth when the need for them arises.” - Chanakya
They applied those financial tips in their daily life. Some people who follow the teachings of billionaires build their own business.
Others who love the investment tips from seasoned investor and gurus like Warren Buffett and George have better financial lives through. Few highly valuable employees create fortune while working.
Here are their best personal finance tips or advice.
1. Start Investing as early as possible
“Well, when I was very young, maybe 12 years, I began to make investments” – Carlos Slim Helu
2. Don’t lose your money
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1”. -Warren Buffett
3. Keep your business always on the top
“Being first is more important to me [than earning money]. I have so much money. Whatever money is, it’s just a method of keeping score now. I mean, I certainly don’t need more money.” – Larry Ellison
4. Take the opportunity to expand your business
There are two ways to extend a business. Take inventory of what you’re good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Jeff Bezos
5. Think and plan the long term outcomes of your business
“If we were motivated by money, we would have sold the company a long time ago and ended up on a beach”. – Larry Page
6. To succeed you must be innovative
“Obviously everyone wants to be successful, but I want to be looked back on as being very innovative, very trusted and ethical and ultimately making a big difference in the world.” – Segrey Brin
7. Investment money to create wealth
“Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.” – George Soros
8. Get rich with your own product
“If you want to get rich, you gotta know how to make a product. And you aren’t going to hire anybody to make a product for you to make you rich.” – Forrest Mars
9. Work hard and spend your time wisely
“If you’re jealous of those with more money, don’t just sit there and complain; do something to make more money yourself — spend less time drinking, or smoking and socializing, and more time working.” Gina Rinehart
10. Be motivated on learning the process of making money
“Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.” – Donald Trump