9/5/2017 (1) Will I become a billionaire if I am determined to be one and put in the necessary work required?

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Justine Musk, writer in the world
Updated Apr 21, 2015 · Featured on HuffPost and 5 more · Upvoted by Bright Idea, I am a
26+ year online business, sales and marketing veteran.
(Just to say: thank you, everybody, for the upvotes + the comments. I'm blown away --
and appreciative.)
In India, one can become billionaire by producing
liquors, tobacco, softwares, etc. But why can't one be
a billionaire by producing rice, whea...
I am 25, Software professional and earning 30k INR
per month. I want to be a billionaire before 30. How
can I become one ? I am introvert, Shy...

No. I feel like I will not become a billionaire at the rate

which I am working. What should I do?
One of the many qualities that separate self-made billionaires from the rest of us is
Is becoming a billionaire at 20s a result of luck or hard
their ability to ask the right questions.  work?

How does one become a billionaire purely through

This is not the right question.
investment (without being an entrepreneur)?

(Which is not to say it's a bad question. It just won't get that deep part of your mind Does becoming a billionaire depend on luck or hard
work? Why?
working to help you -- mulling things over when you think you're thinking about
something else -- sending up flares of insight.) Through which line of work am I most likely to become
a Multi-Millionaire or Billionaire?

You're determined. So what? You haven't been racing naked through shark-infested How did Jay Walker become a billionaire in one year?
waters yet. Will you be just as determined when you wash up on some deserted island,
Wanting and Making Money: How do I become a
disoriented and bloody and ragged and beaten and staring into the horizon with no billionaire by 30?
sign of rescue?
How can I become a billionaire?

We live in a culture that celebrates determination and hard work, but understand: More Related Questions
these are the qualities that keep you in the game after most everybody else has left, or
until somebody bigger and stronger picks you up and hurls you back out to sea. Question Stats
Determination and hard work are necessary, yes, but they are the minimum
requirements. As in: the bare minimum. 383 Public Followers

948,838 Views
A lot of people work extremely hard and through no fault of their own -- bad luck, the Last Asked Apr 9
wrong environment, unfortunate circumstances -- struggle to survive. Edits

How can you *leverage* your time and your work?

Shift your focus away from what you want (a billion dollars) and get deeply, intensely
curious about what the world wants and needs. Ask yourself what you have the
potential to offer that is so unique and compelling and helpful that no computer
could replace you, no one could outsource you, no one could steal your product and
make it better and then club you into oblivion (not literally). Then develop that
potential. Choose one thing and become a master of it.  Choose a second thing and
become a master of that.  When you become a master of two worlds (say, engineering
and business), you can bring them together in a way that will a) introduce hot ideas to
each other, so they can have idea sex and make idea babies that no one has seen
before and b) create a competitive advantage because you can move between worlds,
speak both languages, connect the tribes, mash the elements to spark fresh creative
insight until you wake up with the epiphany that changes your life.

The world doesn't throw a billion dollars at a person because the person wants it or
works so hard they feel they deserve it. (The world does not care what you want or
deserve.)  The world gives you money in exchange for something it perceives to be of
equal or greater value: something that transforms an aspect of the culture, reworks a
familiar story or introduces a new one, alters the way people think about the category
and make use of it in daily life. There is no roadmap, no blueprint for this; a lot of

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people will give you a lot of advice, and most of it will be bad, and a lot of it will be
good and sound but you'll have to figure out how it doesn't apply to you because
you're coming from an unexpected angle. And you'll be doing it alone, until you
develop the charisma and credibility to attract the talent you need to come with you.

Have courage. (You will need it.)

And good luck.  (You'll need that too.)

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Eivind Kjørstad
This is a good answer; as far as it goes. It neglects to mention though; that in addition …

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Craig Newmark, customer service rep & founder

Answered Apr 21, 2015

Does anyone really need a billion dollars?

A lot of people could use a hand putting food on the table, just help getting through
the day.

Not altruistic, just sometimes, know when enough is enough.

Here's another take:

http://www.newsweek.com/homeless...
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Rohit Lawange, Just Curious

Answered Apr 16, 2015

Yes, you can."Impossible is Nothing".

But it requires work, intelligence, luck, required skills and risk taking of highest
order.

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Mathew Lodge, Senior Exec in Silicon Valley

Updated Dec 3, 2016

No. You are confusing the scoreboard ($1Bn) with the game (a broadly successful
business). It is not enough to be determined to score more points than the other team.
Every football team enters the game hoping for that outcome. But that is not what
they focus upon in terms of playing to win. No-one says "We're going to win the
Superbowl by scoring more points than the other side!" That doesn't inform actions
on the field or in training (AKA practicing and developing skills and experience to
win).

Instead, they focus on bringing a strategy, skill and tactics to the game, continuously
adapting to their opponent's game and learning all the time. The scoreboard reflects
how good they are at that relative to their opponents -- and a large dollop of luck, too.

When the Oakland As baseball team were employing their data-driven hitting strategy
under Billy Beane (as recounted in Moneyball http://michaellewiswrites.com/in... ),
it essentially boiled down to "Don't swing for the fences, just get on base and don't
bunt". As hugely successful as that strategy was, it didn't win them a World Series
because there's so much luck involved in baseball that 7 games isn't long enough for a
truly winning strategy to succeed more than 50% of the time.

So you need to focus on developing the skills and determination to develop a business
or investment strategy that can either address a very large market (business) or be
repeatably successful (investing). Both are incredibly rare, and the number of people
who have done it without inheriting a large sum are so small that they get written
about all the time -- because it's so unusual.

There is a third way, which is to develop a government-sanctioned monopoly in some

area (e.g. AT&T, PG&E, Comcast, airlines before deregulation, other utilities, etc). But
this usually comes as a result of developing a broadly successful business that
establishes a de-facto monopoly, which becomes so pervasive that governments
decide to regulate it.
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