(Newswire.net — August, 2, 2013) Phoneix, AZ– You don’t want to just be a millionaire; you want to become a billionaire. That is a goal that very few have achieved, but has been done. In actuality the steps of how to become a billionaire is similar to becoming a millionaire. After all, why wouldn’t the same formula in helping people become millionaires not work for people who want to become billionaires? Below are different ways that have helped others become billionaires.
Starting/Investing a business: Probably the advice you will hear most often for becoming a billionaire is to either start or invest in a business. Learn the ins and outs of the industry you want to go into. It will beneficial to you (and your wallet) for the long term.
Buy/Sell stocks: Probably one of the most risky ways to earn money, the stock market can grant you instant wealth…and also instant losses. The people who do well with stocks are ones that have studied it over time and learn what is a good stock or a bad one. (If you are interested in learning to how to invest in the stock market checkout self-made millionaire Mike Dillard and his company The Elevation Group)
Invent/Create/Innovate: Some who have become billionaires have done so by inventing/creating something that wasn’t on the market before or tweaked a product to make it better (think of the current cell phones to cellphones from 10 years ago). If you’re not good at creating something entirely from scratch think of a product/service that you wished offered/had something that isn’t available. That could be a good starting point.
Real estate: Mentioning this probably sounds crazy to some, but consumer confidence is increasing and if continues to rise that means more spending which means more purchases of commercial/private property. That means good news invesotrs in real estate.
The different ways mentioned have not only helped people become millionaires, but have also led some to become billionaires. Always do your homework with anything that can be life-changing and remember to enjoy the ride.