Intro: How to Be a Billionaire – Proven Strategies from the Titans of Wealth– Written by Martin S.

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This book looks at the titans of wealth. It was published in 2000 so you won’t see some of the new money from Google and Facebook in here but the principles are the same. Whenever you can leverage thoughts from such an elite group of people, it is worth it to take the time to study it. Quick useless trivia stats to put in perspective how much a million, billion and trillion really are – If you were to count that amount of money and assume that you count $1 dollar every second then here is how it works out: 1. It would take you 12 days to count $1,000,000 dollars. 2. It would take you 32 years to count $1,000,000,000 dollars. 3. It would take you over 32,000 years to count $1,000,000,000,000 dollars. Let’s not even discuss the U.S. debt. I guess we should make all the politicians sit in the room and count until they hit it. It may be a more productive use of there time since they get so much done now!

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Boxing was his life’s passion and it took that type of dedication to be the best. It is interesting how you see the same principles pop up in profiling success.Why is this important to me? This book may not be important to you for good reasons. I have talked about these concepts in other summaries. there is great knowledge to be used if your goals are big but maybe not that big. Muhammad Ali started boxing at 10 years old and practiced his whole life. OPE and OPT to the extremes. The same is true for all the Billionaires profiled in this book. The principles you will see in this book take OPM. If you think of the best professional athletes then you will understand the dedication it really takes. This takes work. It takes huge sacrifice to become a billionaire. It took him years of self-sacrifice. 2 . On the other hand. dedication and sweat equity to get it done. He did not just step in the ring one day and become the best. Lets say you want a more balanced life then you can still use these principles to make a ton of money and garner security and the good things that money can buy without pouring all of your time in the endeavor. These titans of wealth are the elite of money making humanity.

They built a culture of execution and market dominance. Do business in a new way – Sam Walton and Ross Perot both saw weaknesses in the market that they exploited. With that a aside you can’t deny 3 . These men learned more about deals and money gambling then they did in traditional university. Dominate your market – John D. Both were highly successful and dominated everything they touched. Rockefeller and Bill Gates.” This is why Perot left GM after selling EDS to them. first thing you do is organize a committee on snakes. This will summarize everything – According to Ross Perot – “The first EDSER to see a snake kills it.000. John borrowed $5000 from the bank and only used $1000 of it and then sold the business for $500. the comment was “that is some leverage” – He asked What is leverage? Years later he was sorry he asked. 3. Both men created enemies and people ALWAYS questioned their tactics. He amassed his fortune in Radio and LBO’s (Leveraged Buyouts) 2. You may or may not agree but the data is conclusive on their success. Then you bring in a consultant who knows a lot about snakes……Then you talk about if for one year. At GM. Wal-Mart may be the first company in history to generate $1 Trillion in revenue.This book is packed with 9 principles used by different people to become billionaires. When he told the bank. Take Monumental Risks– “Fortune assists the brave” – H.L Hunt and John Kluge bankrolled their fortunes at the poker table. I will touch on all of them but dig into the top 3 in more detail 1.

Gates exploited a whole and created an entire industry out of thin air. When you do it right like Wayne Huizenga of Waste Management then you create Billion dollar companies and market capitalizations. He read the encyclopedia cover to cover by age 11. You can not deny his intellect. You have to execute and drive a culture of innovation to succeed with this method. Read Billion Dollar Lessons. Consolidate a market – This strategy does create billions of dollars but you need to be careful because most market rollups end in disaster.what they accomplished. They played to win. If you can not be in the top 3 in your market then you need to get out of it. This should be a goal of any entrepreneur – CONTROL YOUR MARKET. The story of Microsoft is one of shear dominance in the market. The key here is if you have two average companies and meld them together then you have one big average. He leveraged his strength to branch into other profitable software markets. 4. This is not the way to do it. People questioned that Monopoly power that Microsoft had and they would be correct in pointing it out. Gates lead Microsoft with razor sharp focus and expected the best. 3 .

7. Paul Getty all used this strategy to amass fortune. This set the tone for the people that did get hired and they made no mistake about the culture. He uses Insurance companies to buy whole or controlling interests in companies. How can the little guy use these principles? I recommend checking out my summaries of Robert Kiyosaki’s books.” They would give them difficult problems in the interview and tell them “Solve it”. 6. 4 . Carl Icahn. hire the right people. Buy Low – Warren Buffett. This is brilliant because he can use the “Float” or OPM. Thrive on Deals – This is simply love of the game. Sam Walton and Richard Branson also use positive reinforcement and entrusting people with a lot responsibility to out manage the competition. the tax advantages of the entity and sound financial leverage. Warren Buffet always wants to buy $1 and pay 50 cents. Microsoft used to take out adds that said – “We recruit the best and brightest only. Out manage the competition – First and foremost. Be diligent at doing this. Lawrence Tisch and J. They ripped them to pieces before they hired them. He talks about the same concepts but more in tune for the little guys. The key is execution and the ones that are successful do not do deals for the deals sake. You see this all the time when you study these billionaire magnets. This is one secret to his magical fortune. When you dig in you will see he uses the right instruments to do this.5. This is for all the other idiots that you can read about in the book summary Billion Dollar Lessons.

4 .These last two I will not spend any time on because for the other 95% of us we can not do this and it clouds the game regardless.

” If you enjoyed this video then please do not hesitate to pass it along and if you want more detail then click on the link below and purchase Martin’s book . We picked up the company for pennies and added to our team 3 professionals that will enhance us 10 fold. The key to any new idea is to work it into your daily routine until it becomes habit. “Luck favors the prepared mind. This is probably the easiest thing to do.How to be a billionaire is a simple road map to how the titans of business use certain strategies to amass fortunes. One thing you can take away from this book is to buy low.“How to Be a Billionaire” Thanks for watching and have a great day! 5 . That is OPE – leverage other peoples expertise and use it for your own gain and to better society. One really good deal can have big effects. the best way to use leverage. Habits form in as little as 21 days. Be patient and keep your eyes open. There is nothing better than investing a couple of hours and sucking out the knowledge of 300 man years of billionaire knowledge. in my humble opinion. we merged with a company that was going to be dissolved by a much bigger entity. This is. Invest the same way you buy groceries and good things will happen. I hope you have found this short video summary useful. I was really lucky in my business.

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