My Wealth Desire

Wealth Building Strategies & Steps to Financial Success

Best Personal Finance Tips from the Billionaires

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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

Carlos Slim Helu

Carlos Slim Helu

“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

Warren Buffett

Warren Buffett

3.   Keep your business always on the top

Larry Ellison

Larry Ellison

“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

Jeff Bezos

Jeff Bezos

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

Larry Page and Segrey Brin

Larry Page and Segrey Brin

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

George Soros

George Soros

“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

Forrest Mars

Forrest Mars

“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

Gina Rinehart

Gina Rinehart

10.                Be motivated on learning the process of making money

Donald Trump

Donald Trump

“Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.” – Donald Trump

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Author: Wealth Desire

MrWealthDesire loves to do surfing the net, researching and reading books till he discover his passion to write personal finance, wealth building strategies and tips for financial success. Then he comes up to use blogging to post his written pieces and to share it to all without any fees or charges. You can follow him on Twitter at @MyWealth and like at MyWealthDesire

6 Comments

  1. Learning has definitely been the key for me (not that I’m anywhere near becoming a billion- or million-aire). But by continuing to absorb as much as possible, I feel more equipped to grow my money and use it wisely.
    Stefanie @ The Broke and Beautiful Life recently posted..NYC Chocolate Tour ReviewMy Profile

  2. I think lots of people see billionaires giving advice and think that is so far out of their league that it doesn’t matter, but you can apply those ideas to any income. If you never think big, it’s hard to go anywhere financially. Is it just me or do Donald Trump and his wife look awfully scary in their family picture?
    Kim@Eyesonthedollar recently posted..My Trip to the Food BankMy Profile

  3. Great tips. I have to say that I agree with lots of them, but I’m sadly not a billionaire.
    SuburbanFinance recently posted..Buying Your First HomeMy Profile

  4. Don’t worry, who knows maybe in the next few years, your name will be included on the list of billionaires…while there is life, there is hope..
    My Wealthe Desire recently posted..13 Ways to Solve Not Having Enough Money to Live onMy Profile

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