See If You’ve Got What It Takes to Be a Billionaire

Follow these tips to reach billionaire status.

It isn’t easy rocking a 10-figure salary — but for many, cracking the list of the world’s richest is the real end game of a life-long career.

Do you have what it takes to be a billionaire? Read on to learn how to think like a billionaire with these useful traits.

Billionaire Tip No. 1: Start and Commit to Your Business

The richest of the rich tend to have one common tie that binds: They are their own bosses. It seems that to maintain a massive salary, you need to take matters into your own hands — usually in the form of entrepreneurship.

Billionaire Tip No. 2: Make Smart Investments

One of the most notable billionaires in the world, Warren Buffett, didn’t amass his $87 billion net worth by making crazy choices. Buffett’s money moves were always calculated and intentioned — they don’t call him “the Oracle of Omaha” for nothing.

Click here to learn 11 ways Buffett lives frugally.

Billionaire Tip No. 3: Invent a Solution

Money doesn’t buy happiness, but it does buy convenience — so instead of focusing on the “next big thing,” focus on making the current thing a little better. Innovation is worth a lot of green — and it all starts with improvements.

More From Your Money

Also See: This Is How Rich You’d Be If You Invented These Iconic Products

Billionaire Tip No. 4: Collaborate

One of the first things you learn as a child is the importance of a solid team. No single person has all the answers, which is why it’s pertinent to surround yourself with other great thinkers that complement your skillset and vision. A great co-founder should be the yin to your yang — and they could catapult you further than you ever could’ve gone on your own.

Billionaire Tip No. 5: Adopt a Billionaire Mentality

The first step in being a billionaire starts with your attitude. Making major money is about creation, innovation, assistance and resilience. As a billionaire, you want to create new products, improve the ones you have, help people and always keep persevering — even when things get tough.

Up Next: The 16 Craziest Things These Billionaires Spend Their Money On

About the Author

Rachel Farrow

Rachel Holly Farrow is a Digital Content Editor for GOBankingRates.com. She has worked in a multitude of different mediums — traditional print, television, and now digital — before landing with the team at GBR. She also served as a Weekend News Producer and Digital Content Producer for an ABC-affiliate news station WNEP-TV 16 in Scranton, PA.

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