Comments on: How To : Become a Billionaire

By: David

David — Fri, 19 Feb 2010 00:03:16 +0000

I worked for a local WalMart store in PA , When Sam Waltin showed up for are grand opening . He personaly walked around and met every associate working for him in the store . I shook his hand and ask him what was his secreat to becomeing a succesful business man such as he was. He said start small and think large have a future goal that you want to reach set before you even start your venture and with luck if you stick to to your vision you will achieve your goal and then some .

By: Guerilla Billionaire™

Guerilla Billionaire™ — Thu, 16 Oct 2008 22:29:21 +0000

The route to billionaire status is through business building and particularly wheeling & dealing in companies. Study the greats and you will see that all of them did it that way. They didn’t do it through a disciplined savings habit.

By: Suga

Suga — Sat, 09 Aug 2008 22:44:06 +0000

guys first can some one tell me how i can get the girl of my dreams. i tink ur dream girl is more important than billion bucks. dont ya think all haaaa. i tel u the truth i wont feel shit even i have trillion bucks and still i no have my beauty girl. any ideas haaa

By: Jay

Jay — Tue, 05 Aug 2008 14:14:22 +0000

Yes. You’re right. Finding good investments these days is difficult, but not impossible… especially if you’re in an emerging market. Anyway, something else to note which might pose a bigger problem is inflation. In 50 years time, even a billion might not be much although it should see you comfortably through retirement, you probably won’t be able to go around buying anything you want.

By: Llama Money

Llama Money — Mon, 04 Aug 2008 14:20:39 +0000

Something to note is that you did add a substantial timeframe to your projections – my longest projection was for 34 years. With an extra 14 years, compounding has a much, much longer time to work it’s magic. Also, I’m having doubts these days about sustainable 10% rates of return, let alone 18%.

Your calculations do show the incredible power of higher rates of return though. Making smart investment choices can have absolutely HUGE effects on how your money grows.

By: Jay

Jay — Mon, 04 Aug 2008 14:09:24 +0000

Ok… This seems like a bit of a long shot, but it is possible. Lets say you start at age 20-something and have a 50 year time frame(which is the case for most billionaires) i.e. retire at age 70-something or even later. Just to illustrate the power of compound interest, if you can earn an annualised rate of return of:
(a) 18% per annum you need to save $3238 per month
(b) 17% per annum you need to save $4720 per month
(c) 16% per annum you need to save $6884 per month
(d) 15% per annum you need to save $10,039 per month
(e) 14% per annum you need to save $14,634 per month
(f) 13% per annum you need to save $21,312 per month
(g) 12% per annum you need to save $30,991 per month
(h) 11% per annum you need to save $44,964 per month
(i) 10% per annum you need to save $65,039 per month.

So, we’re not all Buffet’s, but if we can get reasonably high returns, it is possible. Not so funny anymore. And the main problem now is not how to get the $308,700… It’s how to get 18%p.a. (or more).

By: Tom

Tom — Fri, 04 Apr 2008 20:33:56 +0000

Jerry,

Come on now. Have a little sense of humor. I guess we can’t expect that from someone who sells insurance leads.

By: Llama Money

Llama Money — Fri, 04 Apr 2008 18:36:01 +0000

Ahh Farouk that’s very true. Once you figure that out please stop back and let me know

By: farouk

farouk — Fri, 04 Apr 2008 09:37:43 +0000

step one is the main problem, how to get the $308,700

By: 10 Ways To Get Rich Quick | Amateur Asset Allocator

10 Ways To Get Rich Quick | Amateur Asset Allocator — Wed, 19 Mar 2008 14:27:29 +0000

[...] among you to sock away. In fact, you might even decide to go above and beyond and decide to become a billionaire. After all, millionaires are a dime a dozen these [...]