How To Become A Billionaire: 4 Defining Traits

FINANCIAL FREEDOM COUNTDOWN

It is almost the epitome of the American dream: Starting with nothing and striking it rich, becoming a billionaire overnight. Of course, the odds of actually earning a billion dollars are slim, to put it politely: There are a mere 724 billionaires in the United States, out of a population of over 335 million.

To be clear, at least in theory, anyone in America can become as rich as Bill Gates, Steve Jobs, Paul Allen, or Warren Buffet. However, doing so requires a scarce combination of skill, luck, and good fortune.

Defining Traits of Billionaires

Arrow

Yes, you can work on improving your human capital and providing value to your employer. But do you know anyone who became a billionaire working a 9-5 job?

Entrepreneurship

Everyone on this list had serious business acumen. No one can become a billionaire by merely playing sports, becoming a lead actor, or collecting fine art on its own. 

Business Acumen

They say that education is the foundation for a solid life, and with good reason, it is. If you want to become rich, you need a solid educational background. It doesn’t necessarily mean attending the fanciest schools (though it helps!).

A Solid Education

The difference between a calculated and crazy risk is an extremely thin line. You’ll need to walk it if you want to strike it rich.

Calculated Risks & Smart Decisions

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