1. Create something that adds an abundant amount of value to the world.

Today, as it's been for all our recorded history, getting rich entails building and
adding an abundant amount of value to the world. The richest and most successful
people have added the most value. That's how real wealth is attained. Find some way
that you can add an excessive amount of value to the world. This is not a short-
term strategy. This takes time.

But it also involves seizing opportunities as they arise. Patagonia founder Yvon
Chouinard got incredibly rich not by inventing new products, but by improving on
existing products. While Patagonia is a giant clothing retailer today, at the age
of 50, Chouinard's company went bankrupt after the fallout from a series of
lawsuits.

However, Chouinard stayed the course. He added value. Improved on iterations of

products to make them better for the environment, longer lasting, and higher in
quality. That's how Patagonia grew into a behemoth. He added an abundant amount of
value.

Related: Tai Lopez's 4 Ways to Consume Information Like a Billionaire

2. Create a consumable product that people love.

There are a number of industries in consumable products that are simply taking off
like wild fire. From cold-brewed coffee to energy shots and drinks and even
electronic cigarettes have become industries that have begun to balloon. Manoj
Bhargava, founder of the 5-Hour Energy Drink, grew his business from a 2003 startup
to over $1 billion in sales by 9 years later.

In 2010, Howard Panes was $600,000 in debt and lost his house to a short sale when
he entered into the e-cigarettes industry, ramping it up within 18 months to over
$100 million in sales. Several years later, after an astounding exponential growth,
Japan Tobacco International, a corporate giant with 27,000 employees and $20
billion in annual revenue acquired the company.

With no experience in the industry, Panes, like Bhargava, did what it took to see
things through, traveling and living in Shenzhen, China where the company refined
its product and delivery systems. Today, as an avid car collector with a near-$15
million collection of rare and exotic hypercars, Panes has become one of South
Florida's wealthiest residents.

John Paul Dejoria, who was not only once broke, but also homeless and living in his
car with his son, also did the unimaginable. He created salon-quality products and
went door to door to sell them. He focused on quality and he took action every
single day. At the age of 36, with a $700 loan and while living in a car with his
son, he grew Paul Mitchell Systems into a behemoth, becoming one of the world's
richest persons in the process.

Related: Want to Become a Billionaire? Read Up on Ancient Leaders.

3. Insert yourself as a service provider into a high-growth industry.

We saw AirBnB grow from obscurity and blow-up air mattress rentals on floors into a
global behemoth, making its three founders, Brian Chesky, Nathan Biecharczyk and
Joe Gebbia, who were all once broke, into billionaires. AirBnB blazed a trail. But
they weren't the first. Vacation rentals had already begun to take off, but VRBO
was first. Yet, AirBnB did it better.

The goal? Identify a high-growth industry and become a service provider. Whether
that's vacation rentals, ecommerce, financial services, insurance, virtual reality,
chat bots, or any other industry for that matter, insert yourself into the industry
by finding a unique way that you can provide the same service, but better, more
efficiently and with greater reliability.

You could also find a way you can cater to the rich themselves by building up a
service that attracts wealthy individuals. Whether that means renting out exotic
cars, private jets, or becoming a global concierge for the uber wealthy like
Annastasia Seebohm's Quintessentially Group, find a way you can do something more
effectively than everyone else around you.

Kenny Trout, the founder of Excel Communications, achieved his success in the early
telecom industry by becoming a long-distance reseller after deregulation took hold,
selling over 200,000 franchises using the multi-level marketing model. Trout, who
grew up with a dad who worked as a bartender, never had much money. He sold life
insurance early on and identified a high-growth industry that he trail-blazed his
way into.

Related: These Are the World's Top 10 Young Billionaires

4. Find a way to improve communications or connection online.

Mark Zuckerberg became one of the world's wealthiest individuals by improving
connection and communications online. Today, we all know about the success of
Facebook. But Zuckerberg was never poor or broke. He hailed from an upper-middle-
class heritage.

However, what's most intriguing is the story of What'sApp founder, Jan Khoum. In
2007, while working at Ernst & Young, and shortly after the launch of the iPhone,
Khoum, who was an immigrant from Ukraine, where he was born, decided to create a
communications app with Brian Acton that was released in January of 2010.

Khoum, who had been passed over for a job at Facebook just shortly prior, grew
WhatsApp into a wildly popular communications application that was later acquired
by Facebook for $19 billion. Like other billionaires, Khoum seized on the new
industry and identified an opportunity that others might have missed.

Related: 19 Crazy Facts You Probably Didn't Know About Google

5. Invest in real estate and grow your portfolio over time.

Real estate has given a platform to the world's richest individuals. If you think
that making money through real estate is impossible, especially if you have no
money to start with, then you've got a few lessons to learn. Some of the biggest
real estate moguls in the world have started with nothing. It's called wholesaling
and creative financing. Once you understand it, it truly can propel tremendous
growth.

The goal is to focus on positive cash flow. Like Robert Kiyosaki's iconic, Rich Dad
Poor Dad book and series, discover how to create assets rather than liabilities.
Whether you just want to be a millionaire or a billionaire, real estate will give
you a solid foundation or platform from which you can grow.

Leon Charney became a billionaire through his real estate investments. But he was
the child of two immigrants, and at the time of his father's death, his family
became destitute. He had nothing, and he worked his way through college and through
law school.

Carl Berg, another billionaire real estate investor, also lost his father early on
and was raised by his mother who was a school teacher. While working at a hotel, he
met someone who turned out to be the largest home builder in the United States, who
later offered him a job to run his mortgage company after he graduated from
college.