How Not To Become A Billionaire

1. Wait for approval or permission from society.

2. Invent and innovate. (Most things have already been invented. Instead of inventing something new or innovating, the quicker way to wealth is to improve on that which already exists. Copy ideas that work and improve on them. Make them better, more powerful. If you think about it, the Wright Brothers were only improving on someone else's ideas.)

Flying was not an original idea. But the Wright Brothers perfected it. They were persistent in their unwillingness to give up. They were inspired and believed they could do it.

They key is to start the process, to implement something, because it is far easier to go from one success to another than it is to go from failure to success. You've all heard of the law of physics that says a body in motion tends to stay in motion. This theory holds true in terms of wealth accumulation as well. It's easier to change direction slightly while you're moving in the right direction than it is to start from a standstill and get 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. Manage your portfolio adroitly. (This one's going to annoy my adviser clients. But look at it this way, historically, if you really look at it, portfolio management doesn't create massive wealth. Even Warren Buffet doesn't make his money passively investing. Managing your portfolio and waiting for the rest of the world to discovered the stock you bought is not the way to make enormous wealth.)

5. Think up ideas versus capitalizing on tried and true ones. 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.

Now that we've discussed what not to do, stay tuned for what to do to install the affluent mindset. Or, try how not to become a billionaire step number seven below.

7. Don't do anything.

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

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