May 23, 2012

Billionaires Don't so why Do you?

All people, even if they say they don't, want to have more money.  It may not be in the 10-digit figure but it's definitely not just on the seven.

Here's a list of things that Billionaires don't do so be sure to avoid it as well:

1) Thinks that all profitable ideas have been thought of and exhausted already.
2) There's only one way to do it.
3) It can all be done without the help and knowledge of others.
4) Always going for the safe side.
5) Accepts that it's okay to fail.
6) Needs to be an expert
7) There's an age requirement
8) You can't copy or imitate
9) You need to have lots of money to start
10) Thinks that you need have lots of connections or to be Chinese to get rich.

I can go on and on and site examples and explain further all the items listed above but I think you get the gist.

A kindergarten has summed it all up and told me the secret to getting rich in one statement: "Daddy, we need to buy or create something and sell it at a higher price!".  It's that simple.  She's correct. If you do this as many times as you can and let the wheel turn bigger and bigger and hopefully faster and faster, you'll end up a millionaire or a billionaire someday. 

The real challenge is identifying what to sell. My daughter suggested for me and her to create lemonade and sell it outside. We'll probably try this soon. For other ideas, you can visit Alibaba.com and see what items you can import or acquire or innovate and sell.

Hope we'll end up like Edgar Sia II and be able to cash in and sell our business to Jollibee or better yet, Tony Tan Caktiong and have all the money to buy the next Mang Inasal. Hmm, part of number 10 may be correct after all.

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