How Not To Become A Billionaire

1. Wait for society's approval.

2. Choose innovation over copying. (Don't reinvent the wheel. Improve upon the wheel. Innovation is not the way to billionaire status. Copying is. Find what works and jump in and do that too. Just do it better. Do it more powerfully. The Wright brothers are a great example. They created the airplane. And they wouldn't give up on their idea and sooner or later they had an airplane. It wasn't an original idea.)

The Wright Brothers didn't come up with the original idea of flight, but they had an unwillingness to give up on their dream of flying. They were persistent and when we have persistence and inspiration, that's when luck happens.

By all means, implement something, anything, to start the process because it's easier to go from success to success than it is to go from failure to success. It's a simple law of physics, a body in motion tends to stay in motion. This tends to be true about earning wealth too. Once you're in movement, it's easier to change direction slightly than it is to go from a dead standstill to being fully up and running.

3 Work on salary. (No one on the list of Forbes 500 makes a salary, so if you want to avoid being super wealthy, keep accepting one. Instead, if you are looking to go off the charts, think ownership. Being on salary might be 'comfortable' but not outlandishly wealthy. Maybe you're thinking, 'If i could just earn a bit more salary. . . ' Why not instead ask yourself, 'How can I start a billion dollar business while still keeping my salary?'

4. Adroitly manage your portfolio. (I know all you advisers are going to go, 'Wait a minute.' But according to history, managing your portfolio does not create massive wealth. Even Warren Buffet doesn't make his money through passive investing and even though he doesn't take an active role in the companies he buys, he does set really strict guidelines and then monitors them very, very closely. Simply managing your portfolio and waiting for the world to discover an undervalued stock that you just bought is not the way to making giant wealth.)

5. Think up ideas versus capitalizing on them. Thinking that you're going to create your wealth from an original idea has historically shown not to work very well. A lot of us think, 'We've just got to come up with that really good idea.' There are more really great ideas that have not created billionaires than you can imagine.

6. Allow your desire for wealth to prevent you from taking appropriate action.

So now you know what not to do. Upcoming articles will go into more detail about what you should do, and installing an affluent mindset. (For more on this check out www.maxpersuasion.com). Or you can stay on track to not become a billionaire and check out step seven.

7. Don't do anything.

Article Source: http://www.rightbiz.com

Kenrick Cleveland teaches strategies to earn the business of affluent clients using persuasion. He runs public and private seminars and offers home study courses and coaching programs in persuasion strategies.

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