why only 1 in 6000000 people are billionaires
By boxxerdude
@boxxerdude (34)
India
December 7, 2010 8:29am CST
As the old saying goes "Millions said that the apple fell but Newton was the only one to ask why" is completely applicable to the powerful billionaires who belong to the Forbes lists. There are currently 1011 billionaires in a world population of 6 billion people!. Now the most eloquent question to the above statement is that why so little?, what separates a billionaire from your common, everyday middle-class person? for one thing money and power are just the two of the more prominent differences which are often overlooked by the rest of us. These traits are-
1)ATTITUDE-A billionaire has a much different attitude towards money then the rest of the common folk. There are many of us who actually believe that a billionaire typically lives in a large palatial mansion with opulent interiors and expensive marble flooring constantly occupied by dozens of butlers and maid servants where billionaire will be ridiculously over-dressed with the most expensive tailored clothing while his wife will dangle herself with the latest in tiffny jewelry, but in reality that is just a stereotypical example of one.As a matter of fact some billionaires like mark zuckerberg live in a modest three bedroom house on rent. This is because while the commoners work for money and think being rich only means spending extravagantly, the super rich make money work for them and they believe that you can stay rich only by buying assets rather than luxury, and because of this they invest their money first, than they spend on luxury so next time they can spend more and invest more.!!
2)PERSEVERANCE-Another common attribute in billionaires is their uncanny ability to shrug off failure, no matter how bad, as a mosquito bite. While there are a few exceptions, more than 40% of the worlds billionaires are self made and have made their fortunes on grit and sheer perseverance. I know that that this statement sound monotonous and easier said than done but think about it.Assuming you are a person below the age of 21 with no business crede and want to start your own business, what are the chances that your parents will lend their hard earned money to you, let you do this more than your high school work, at
1 response
@livecenter (1136)
• Malaysia
7 Dec 10
I could not agree more with you...This two key factors really distinguish the commoners and the riches. Nevertheless, I do think that they are the type of person who does not let chances go...They take EVERY chances they get and no wonder they eventually find success...The biggest obstacle for the commoners to get rich is the fear to be different. Many successful people often quoted this as one of the key factors for their fortune, but little notice is given to them...For me, the chances that my parent will lend money to me to start a business is minimum. Me myself also prefer to use my own money to start a business, because for me lending is a liability that should be avoided by the new entrepreneurs...