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By LTH Group January 5, 2017 Becoming a billionaire may seem like an impossible pipeline dream, but the amount of them keeps getting larger every year. Yes, it's no cinch, however it is something that is possible and within your grasp. You will not become a billionaire overnight, but you can begin taking control of your financial success today.

In truth, the genuinely wealthy know that luxury includes building monetary liberty rather of being shackled to extravagant purchases. Mark Cuban, for instance, recommends living exceptionally frugally to accomplish billionaire status: "Conserve your cash. Conserve as much money as you potentially can. Every cent you can, The very first step to getting abundant needs discipline." To start getting your money to work for you, attempt our 20-30-50 plan it's a fun, flexible method to begin accounting for your dollars.

Take Howard Shultz, CEO of Starbucks, for instance, who stated "Do not be threatened by individuals smarter than you." In fact, Thomas Corley, who studied the wealthy in, found that 79 percent of rich people spend a minimum of five hours a month networking-whether it's through conferences, customer meetings, or simply getting coffee at Starbucks.

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People who have actually currently made it to the top are typically more than delighted to share their advice (and gain from you in the meantime). What do Expense Gates, Oprah Winfrey, and Sara Blakely all share? Besides being self-made billionaires, they all have investment accounts. Almost every billionaire counts on investing to continue growing their wealth.

One thing all billionaires and huge thinkers share is that they were told "no" at some time in their lives. The trick is to keep swimming versus the tide. Take Spanx creator Sara Blakely and author J.K. Rowling, for example. The Harry Potter author was declined many times before being released.

< This Is Noteworthy ="p__5">Now these 2 females are amongst the wealthiest individuals alive. Realize that "no" is simply someone's opinion, nothing more. The distinction with these success stories is that they pushed forward past these disappointments and rejections, and even utilized them as a springboard for success. They recognize that no rejection is set in stone-it's simply someone's (often flawed) perspective.