I Asked 30 Millionaires To Teach Me How To Get Rich
I Asked 30 Millionaires To Teach Me How To Get Rich
Hi
My name is Nadeem Bukhari and I am having 30+ years of experience in Entrepreneurship.
For the past four months I've been on the hunt for millionaires I spent countless hours for watching videos and reading articles and was able to generate this blog. I believe there's a pattern behind becoming a successful entrepreneur and this is my attempt of exposing that pattern to discover what the pattern is to make sure. You have a notebook ready and take after talking to them take a look at your notes. In your notes will lie the patterns to success enjoy the blog.
QUESTION:
If you were to give yourself a number one most important piece of advice, what would it be?
JACQUES SPITZER (RAINDROP MARKETING)
Something starting my business so young that took me a long time to learn is you really define the right people to join you in the endeavor because you're not going to be great at everything so kind of just knowing what you're going to be great at and knowing what you need to find in other people whether it be partners or employees to fill in areas where you're weak that will ultimately make you unstoppable.
DAVID WILLIAMS (DRFABILAS.COM)
Read, read and read, you know Warren Buffett used to read five he still reads 500 pages a day and it's not negotiable. Especially if you're kind of you, want to know about your space about what you want to be an entrepreneur, and also you want to learn about other spaces because that can help you innovate. You can cross-pollinate, you can learn what you did in other fields and bring it to yours.
DAN FULKERSON (BATTA FULKERSON LAW GROUP)
When you're deciding what you want to do, don't just base it on how much money you're gonna make or what's going to make you the most amount of money. Figure out something that you can do that you're actually passionate about that you actually want to do that you love to do and if you chase that money will come and you'll actually be happy doing what you're doing every day.
BERT COLEMAN
The best advice I can give an aspiring entrepreneur would be to be patient and also do what you love. When you do what you love it's not like going to work, it's like you're not working at all and mistakes will happen. There'll be problems that'll come up but you need to have the maturity to be able to understand the solutions to those problems. I myself personally have made every mistake once the key is don't repeat that mistake.
SANDRA GIFFIN (MONDOPLAYER)
So, I wish when I first started my business someone had told me how hard credit was going to be to get and I would have signed up for every credit card I could cut while I still had a job it's very difficult to get credit from institutions. Once you start because they see you as to high risk.
DAVID MELTZER ( SPORTS 1 MARKETING)
Stay in business, I think a lot of times people will Manta size business their own Manta size entrepreneurship and they don't understand that staying in business money is the heartbeat of a business, and if your heart stops you die. That's the only thing that determines whether you're living or not, if you run out of money you are no longer an entrepreneur, so stay in business.
KENT CLOTHIER (REAL ESTATE WORLDWIDE)
As an aspiring entrepreneur, you're your biggest asset is your fearlessness. Is that your willingness to be naive and just go for it being believing that you are invincible and you cannot lose? That is such a huge asset that later on in life. As life has gotten to you as you have more experience and you have more painful moments in your life. You'll lose that and right now it is such a huge asset to be fearless and to just go for it and not worry about what anybody else thinks tap into it and tap into it. As often as you possibly can because that is where all the magic happens in action.
KYLIE
Find the passion that drives you and motivates you on a daily basis and long-term. And the second part of that would be hard work and commitment. Never give up, it requires a strong Constitution to delve into what really inspires you and motivates you to be creative.
DAVID ARATO (BOTTEGA ITALIANA)
Once you start to become successful on your own and ready to expand, don't assume that anybody else will work as hard as you do for your business. Because now your future is in the hands of all your employees and all your network everybody will do the best job. They can nobody will work like you did so, as soon as you leave a task in hands of others be done 80% versus 100 and that will be 2 for everything that you did until that appointment.
DAVE WARD (WARD5000 ENTERPRISES)
Yeah, the first piece of advice I give in anybody who's looking to start their own business, no matter what it is it's just to be prepared that there's gonna be a period of time where no one is buying. Whatever it is, that you're selling and you need to have some reserves that are built up for that and just be ready for it.
DR BO CICAK (LIFE WITHIN CHIROPRACTIO)
So, the biggest piece of advice, I would give to entrepreneurs early on is to find a mentor. So find yourself somebody that you want to be like and you may have to you may need several mentors for different things and they need a business mentor, you may need a mentor for maybe speaking or maybe any a mentor for marketing. But go around find yourself somebody that can help you achieve whatever the end goal that you have in your mind, and ask them. You'd be surprised how many people are willing to help you out if you just simply ask them. One of the biggest mistakes that I have is perhaps not finding a mentor earlier on, but certainly, I was able to find something credible mentors that have helped me get to the point where I'm at today.
ANTHONIO MCNEIL (ANTHONIOTHEREALTOR.NET)
Just don't be fearful, just go all out, if you feel like there's something that you want to do that nobody's done before, just go for it. You won't know until you try to leverage relationship capital and lose the ego.
JEFF FENSTER (EVERBOWL)
Leveraging relationship capital is using your network because when you use your network that's gonna allow you to exponentially grow and the right people, can open doors for you and you can also attract the right talent to grow. Secondarily by losing the ego and being the dumbest person in the room, you surround yourself with rockstars which enables your company to grow too many times aspiring entrepreneurs make the mistake of letting their ego get in the way of growth and they feel like they have to have all the answers and they push away at talented people. So it kind of limits your company's ability to expand and grow.
JEFF RIOLO (EMPOWERUAV)
Get to know yourself because not everybody's cut out to being an entrepreneur. It sounds very glamorous in the beginning, but it's somewhat like a child raising the funds and the conception not in the raising, but it's once you've conceived the child, you're strapped with it you've got to raise that child. Do your best, you have a fiduciary duty to put that child in front of your own interest and not everybody is up to that challenge. They like to dream about having their own business and having the freedom of their own business but they're really not prepared for the responsibilities that go with it.
JIMMY LANGLEY (LDG COMMERCIAL REAL ESTATE)
Be patient, it's the hardest part you want to get going but the smartest thing is to be patient. Let deals come to you, there are going to be a ton of opportunities in your life. It's really
like building that business plan and staying focused and patient to your process is huge.
MARK MAROKI (PRIMELENDING)
My biggest challenge was getting over the fact that people are going to judge me on my journey throughout this entire process of me. Getting to where I'm at now I'm especially using social media. I just always felt like what are people going to think about this, what if I don't make it, what's my family going to think? What are my friends going to think, after I kind of just let all of that go and I realized that at the end of the day it's for me, it's for my business that's where I really started to see the results come into play. So, I would just preach to not listen to all the outside no noise, and kind of just believe in yourself. Keep your head down and keep on working towards your goal.
BRYAN HORTON (BIG BLOCK REALTY)
The biggest thing it takes is the ability to or the courage to take a risk. Most of the time the life of an entrepreneur the reason why you're going down that route is that big risk big reward. So, you know you take that risk and you know don't be afraid of what you do and just go after it and you know I think that'll get you where you want to be as long as you don't give up.
MICHAEL
Generally, when you're an entrepreneur, you are dealing with your own capital. So you want to make sure you spend it in the right place and do every bit of research you can prior to putting your own money out. Because it's very hard to get your own capital let alone invest it into something.
JEFF DISCHER (DISCHERGROUP)
Find a mentor, find someone who's done it before. Be humble about it and ask them for advice, most people that are successful in any industry want to help.
PHIL LOCKWOOD (DISTIL)
I think there are a lot of people like Elon Musk who come out with different paths for their entrepreneurship. You know, it starts out as like a developer and then goes on to rockets and cars and everything right but not everybody's Elon Musk. I think it's really important to pick something that you're going to be passionate about from the beginning because if you get 20 years in and you feel like it's not the thing for you, you can lose a lot of momentum.
CRISTIAN WORTHINGTON (MONDOPLAYER)
Most entrepreneurs when they're starting out have a passion for the work that they do and they're focused on producing their product or their service but having a better knowledge of sales and marketing is something I think is a very important lot of people get involved because they have that passion for the product but maybe they don't know about sales and marketing as much as they should and that's something I really wish I had spent much more time studying when I was younger
CHARLIE LIVE (ILEGENDZ)
One piece of advice I'd give to an aspiring entrepreneur is he's either commit right now or don't, but you're going to have to make the decision right now, that whatever you're going to pursue, you’re going to be successful in. No matter what regardless of how many roadblocks or pitfalls you experience that you're going to get back up and just that life and everything if you look at stocks. If you look at a heartbeat it goes up and it goes down it goes up and it goes down, this is the pattern of life and you start to recognize patterns, so the pattern of life is to go up and down. If you're going on the right trend, you're continuously doing that at a gradual pace of up, which means you're learning right, which means you're taking new information, which means you're applying new information, you're getting new problems. This is a good thing. So, one piece of advice I give to entrepreneurs is committed now or don't make the decisions.
KELLI WOODARD (BIG BLOCK REALTY)
One piece of advice is to save your money. Me jumping into real estate, I didn't have like a nest egg I thought, I'd get licensed and do million-dollar deals tomorrow and that wasn't the case.
I didn't do my first deal for eight months, so I was making zero money. I had no second job; I was just eating PBJs and like broke like as I was trying to likely generate. So, one piece of advice is definitely to save money. So, if whatever you're trying to do doesn't work out, you have something to fall back on and you don't like having your legs go off, do you have money for bills than for your lives?
MARCO CHAMPIO (ILEGENDZ)
One piece of advice that I would say to aspiring entrepreneurs is to follow your heart, like follow what you love to do because for me, in my journey I realized that you know I started a bunch of different businesses but I really loved the journey of it. Even though I failed, I still loved the process and by loving the process I was able to continue going, so, I got the result.
JEFF LERNER (ENTRE NATION)
One piece of advice I wish I'd gotten early on or that I would give aspiring entrepreneurs is first of all understand that it's going to be so much harder to go this way than to go the other way and that's going to mean that whether it's on a daily basis or a weekly or monthly basis, you're going to have a lot of very obvious reasons in front of you, why it seems like maybe you're crazy, maybe it's not worth, it maybe you should quit and if you don't have a really clear picture of why you're working so damn hard to do it the non-traditional way then you're just not going to be on a solid enough foundation to see it through because it really is that hard.
SANDRO LEITNER (NADOREPUBLIC)
Always have positive energy because when you have this positive attitude always thinking the positive aspect of the business. This gives you strength and also makes people and you feel better. If you want customers, you get more customers if you got more, you want more deals, you want to be able to make more deals. So, for me that the number one rule is being positive.
After taking notes and listening to all the answers comment down below, on what you think the key takeaways are and if there are any other millionaires reading this blog, go ahead and comment down below some of your advice or billionaires and trillionaires I don't discriminate you don't have to only be a millionaire now I also asked all the millionaires and 19 other questions if people want to see it then I'll release the other questions that I ask with that said if you want to leave a like this blog that'd be awesome and of course comment down below really helps with the blog.
Thanks for reading.