The 9 Fundamental Wealth Building Strategies of Billionaires
- Take extraordinary, monumental business risks.
- Innovate- Do business in fundamentally different ways from others.
- Dominate your market- and use that dominance wisely.
- Consolidate an industry- better than anyone else can.
- Buy low- then be proactive in harnessing those assets.
- Make astute business deals which exploit all available profit sources.
- Out manage competitors in organization, recruitment and motivation.
- Work the system- invest in achieving political influence.
- Outfox organized labor- resist the unions.
The 12 Key Principles Billionaires Have Used
- Pursue the wealth creating power of new ideas.
- Always remember rules can be broken.
- Copying is far more profitable than innovating.
- Pursue growth aggressively and constantly.
- Hold on to your equity steak.
- Hard work is the price of entry into the game.
- Use financial leverage intelligently.
- Always keep a back door open.
- Make loads of mistakes- but learn from each and every one.
- Be frugal.
- Enjoy the pursuit, not just the destination.
- Develop a thick skin and resilience to the opinions of others.
SOURCE: Millionaire Mindset on Facebook!