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The $100 MBA Show

MBA2569 Why You Don’t Want To Become a Billionaire

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.82.2K Ratings

🗓️ 6 January 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Many of us grow up dreaming of becoming billionaires, but few talk about the dark side of that dream. Behind the mansions and private jets lies a reality of crushing pressure, constant public scrutiny, and a total loss of privacy. What if the path to a billion dollars actually leads away from the freedom you’re […]

The post MBA2569 Why You Don’t Want To Become a Billionaire appeared first on The $100 MBA.

Transcript

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0:00.0

How much is a billion dollars really? Well, let's break it down. If you earned 250,000 every single

0:06.8

month, you'd make $3 million a year. But even at that rate, do you know how long it would take

0:13.3

to reach a billion dollars? Over 33 years. But here's the kicker. You don't need to be a billionaire to live like royalty.

0:22.7

I'm here to tell you that $50 million is all you need to live like a king or queen

0:29.6

for the rest of your life.

0:31.6

And in my opinion, beyond that point, you're really going to be inheriting some new

0:36.5

problems you just don't want to deal with

0:38.3

that we're going to discuss in today's lesson.

0:45.5

Welcome back to the $100 MBA show where we help you start, grow, and scale your business

0:50.1

with our practical business lessons three days a week, Monday, Wednesday, Friday.

0:54.4

Today, we're going to be tackling a topic that flips the script on wealth and success.

0:59.0

Why you don't want to become a billionaire.

1:01.6

Yes, you heard me right.

1:03.1

We've been sold a dream of becoming a billionaire, especially entrepreneurs,

1:08.3

but when you take a closer look, when you actually do the numbers,

1:11.3

you really understand it's not as glamorous as it seems. But instead, I think the real goal

1:17.4

for most of us should be $50 million. What does that actually mean? We're going to break down

1:24.0

all the numbers so that you can see for yourself why being a billionaire is not really worth it.

1:29.5

I want to take a quick time out and just say, I'm not here to crush anybody's ambition.

1:33.8

If you want to become a billionaire just so you can say you're a billionaire, go ahead.

1:37.9

But I don't think that's a good enough reason to go for it because it's a lot of work.

1:41.7

It's a lot of sacrifice.

...

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