How to Become a Billionaire
Be Wealthy & Smart
Linda P. Jones
4.8 ā¢ 883 Ratings
šļø 5 July 2024
ā±ļø 23 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Learn what 6 habits that 21 self-made billionaires have in common that you can easily do too.
The article is here.
Also, by my calculation, if Kylie Jenner started her company with $100,000 (a guess), her compounding rate would be about 462,000% annually in order for her to become a billionaire in 4 years!
I discuss Kylie at the end of the podcast, starting at about 12:00.
I did an earlier podcast about Kylie in podcast #443 here.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 1372. |
| 0:03.4 | I'm gonna live no rich life. |
| 0:07.4 | Rich life. |
| 0:08.4 | If y'all know what I mean, put your hands up and declare with me |
| 0:14.2 | Yeah, I'm full of bed e'e'e I'm gonna live a good life I'm gonna live a good life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on be wealthy and smart and now here's your host |
| 0:36.0 | Linda P Jones. Welcome to be wealthy and smart I'm Linda |
| 0:40.4 | Jones America's wealth mentor empowering women Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.3 | On today's show, we're going to talk about how to become a billionaire. |
| 0:49.8 | Now sometimes we hear stories about how to become a billionaire, but what I like about what I'm going to share with you today is this is research on how to become a billionaire. |
| 0:59.2 | This is an actual study done that shows this is how people became a billionaire and I think that's |
| 1:05.9 | important for you to know because there's so many misnomers about the truth |
| 1:11.0 | there's many myths there's many misunderstandings, and sometimes it can get a little political. |
| 1:17.7 | And what I mean by that is in this study it does quote a prominent former presidential candidate, so I'm just going to tell you that up front because normally I don't mention politics on the podcast whatsoever |
| 1:30.1 | But this time in this report it does have some quotes from Bernie Sanders. So I am going to tell you that right up front. |
| 1:37.0 | Now this report was done by the Heritage Foundation and it came out in May of 2024. |
| 1:43.0 | It's called the Wealth of Billionaires, |
| 1:46.0 | Where it came from, where it is, and why it matters. |
| 1:49.0 | And this report was written by Preston Brash's, a research fellow for tax policy in the Grover |
| 1:56.4 | M Herman Center for the Federal Budget at the Heritage Foundation, and Alexander Fry is a senior research associate in the Center for Data Analysis at the Heritage Foundation. |
| 2:08.0 | It says this piece is a part of the Heritage Foundation's Wealth and innovation project which stands to defend and promote the freedom to innovate, create, and use wealth. |
| 2:18.0 | These are essential to the delicate process by which innovators and entrepreneurs work to build a prosperous and purposeful society. |
| 2:27.5 | So the summary says America's richest people are mostly self-made. Their wealth comes from the businesses they funded and helped |
... |
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