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Prakhar SharmaTop Contributor
Social media marketer, Content Writer
Asked a question 3 years ago

How to become billionaire before 40?

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Prakhar SharmaTop Contributor
Social media marketer, Content Writer

First of all there is no age to be a billionaire but still if you want a answer to this here you go!

At an increasing pace, the world is minting self-made billionaires, many of them young tech moguls like Mark Zuckerberg of Facebook, a relentless innovator with an estimated net worth of $63.3 billion. Zuckerberg was 23 when he made his first billion dollars. 

Like other successful young entrepreneurs, Zuckerberg seems to share some common traits. Thanks to a study published by accountancy firm PwC and global investment bank UBS, which put together robust data sets on the global elite, we’ve been able to pinpoint some of the behaviors or mindsets that can prime a person for extraordinary entrepreneurial or financial success.

Having a Smart Attitude Toward Risk Taking

Unless something is potentially fatal, it’s okay, even imperative, to take risks. Having the passion for pursuing a business idea and having seen its potential, some industry leaders like Zuckerberg dropped out of college to focus on their business, risking a future without a diploma.

Having Unbounded Curiosity

You won’t go very far in business without an ample dose of curiosity. Curiosity drives an entrepreneur to observe the world, ask questions, detect problems, and actively look for solutions. Curiosity also keeps her motivated. As a business owner, deep curiosity will drive you to probe existing solutions or user experiences to find customer pain points and develop new solutions.

Having a Clear Focus

Ultra-successful entrepreneurs appear to have an uncanny resistance to distractions. Once they lock on to a goal they want to achieve, there's nothing (and nobody) that can stop them from getting there somehow, some way. Smart entrepreneurs are dedicated to their mission but are flexible on how they'll get there. They also seem to identify which area their business should concentrate on instinctively.