I ve seen some good answers here, and some ridiculous ones as well. Yes - it is still possible to become a billionaire. However, I think the question approaches wealth from the wrong direction. One author above responded that wealth changes hands in exchange for value. I think the question you should be asking yourself, since nobody else can really answer it for you, is what value do you intend to add? What are you going to do? What are you going to create? What are you going to market? All of the new-money billionaires are entreprenuers who either created a new idea, or found a way to develop an idea into a marketable product. Ask yourself these two questions: What do people want? How can I give it to them? Then, look at what the big boys are doing, and look for where they are missing the boat in fulfilling their customer needs. Then, fill that need. One of three desireable outcomes will occur: You will fail and, in doing so, will gain highly valuable experience for your next attempt. Or, you will succeed and you will begin to take market share from the big boys. Or, you will succeed, draw the attention of the big boys, and get bought out. Ralph Waldo Emerson said, in his book, The Docket, "“If a man can write a better book, preach a better sermon, or make a better mousetrap than his neighbor, though he build his house in the woods, the world will make a beaten path to his door.” In other words, if you can do it better, faster, cheaper than your competition, you win.
Yes is still possible but hard in order to become wealthy you need to think different from everybody else from how you think to your life style become the the average billionaire don't sit on there *** all don't day
Second you also know that being a rich ain't easy ************ like bill gate spend their year of life trying to built a product or brand that got motherfuckin buying and ****
Thirdly you got be deterimed and want I mean by that is you got to go through it all the failing the trying the process if you got a idea think test see if it work if it don't test another idea remeber it about the work you put in Rome was,t built in a day but they were laying brick every hour no matter what
And last you need to forget about your fun time the road to Richin and finance freedom is at the cost of your separate from your family and friend because like I say if you have fun all day then the road to road is impossible and might as well be forgot
All right that all wish you luck
Nothing is impossible but some things are unlikely. Most people who become billionaires but were raised in a lower or middle class family usually didn't become billionaires until they became about 60 years old. Those who became billionaires at a young age usually started a company in their early twenties which became very successful, an example being Mark Zuckerburg and Facebook. But it is great that you made this goal at such a young age because you have a long time ahead of you towards which you can reach your goal. Now you must make a plan to get there though and start putting that plan into action RIGHT NOW. Are you going to get there by investing your money in the stock market? Will you start a very successful company? Will you invent something great and sell it for a huge profit? Will you become a venture capitalist? Or a combination out of all of these? My recommendation though, for now, is to study hard so you can get into a top tier college.
Possible but unlikely. Unless you come from a well established family, your a genius and a really hard worker, then your chances increase substantially. Lets put it this way, if you somehow revolutionize society as we look at it like bill gates did or zuckelberg did then your chances are really good. And yes! luck does play a role . It takes capital to make money, so finding a partner is essential....
trump, gates and buffet all came from a well to do family, but because they were motivated and very good in their field, they became billionaires.
However; the harsh truth is most of us are average or below that, we have bills to pay and support a family. In todays society, many millionaires ( not billionaires) are involved in the entertainment industry such as movies, TV, sports, music, etc. These individuals go on to become entrepreneurs when they retire ( especially in sports) . So they have a tremendous advantage compared to the average joe smo. Now don't get me wrong, I know plenty that became millionaires , but that's not going to happened from a regular job, you need a great career and/or to be self employed . Individuals such as ceos and top executives for large corporations are probably the only millionaires you'll see that are employees.. Heck they all get million dollar bonuses.
It is possible. It is very unlikely.
Strictly statistically speaking, the probability that you would become a billionaire is:
2.35e-7
that's a probability 0.000000235
or a %0.0000235 chance, assuming it's strictly random.
It's not strictly random.
You could argue that the probability that you will become a billionaire is more likely due to this fact, or less likely. It's all debatable.
Yes, it is possible, and yes, you should work toward it.
Yes, it's possible, but very difficult. First, you need to understand the basic concept that money is always exchanged for "value". Whether you make money from mowing lawns or being a doctor, the money you get paid is equal to the value you provide.
There are many ways to provide value to someone (or some company): pure labor (e.g. mowing lawns) is one way. Getting a college degree (in a decent field, like engineering) is another. Investing in the stock market is another way, though the only value you really provide is liquidity, which, historically, is only worth about 10%/year.
But to reach the billionaire level, your best bet is to start a business. The few billionaires that are under 35 are all entrepreneurs that became really good at one thing (e.g. medical devices, social media), usually while they were in college, and started a business with that skill.
I agree in part that it is still possible to become a billionaire. However, I do also think that there is so much competition out there and everyone is out for them own. I have recently started my own business and no one wants to help you + want to charge an arm and a leg for any sort of publicity. You need to find a niche, something that hasn't been done or do it better than anyone else.
Yes, it's possible, but very difficult. First, you need to understand the basic concept that money is always exchanged for "value". Whether you make money from mowing lawns or being a doctor, the money you get paid is equal to the value you provide.
There are many ways to provide value to someone (or some company): pure labor (e.g. mowing lawns) is one way. Getting a college degree (in a decent field, like engineering) is another. Investing in the stock market is another way, though the only value you really provide is liquidity, which, historically, is only worth about 10%/year.
But to reach the billionaire level, your best bet is to start a business. The few billionaires that are under 35 are all entrepreneurs that became really good at one thing (e.g. medical devices, social media), usually while they were in college, and started a business with that skill.
Read Rich Dad, Poor Dad and One Up on Wall Street. They are two great books that make you question what you have been taught, and how you view finance, and the world around you. I am only 18 so you should probably be able to grasp the material. Dont be expecting to become a billionaire by asking someone on Yahoo answers you need to think for yourself HOW you can capitalize on the unexposed market. For starters begin saving some money and investing the rest. Be smart not safe.
I'm not too sure if it's possible or not but my sister is 17 and she has 2 part time jobs so i think you should get a part time job and just start saving up and every month maybe ask your parents for 5 bucks and as you get older ask them for more money like this year it could be 5 then next year 10 then maybe after 2 or 3 years ask for 15 and continue from there when you're 20 try getting the best job you can whatever gets you the most money also continue doing your part time job to get extra while doing this you should start a youtube channel and yo could just make funny complations or something the likes will help you get more money work hard on all of this for as longas you can never quit your job (maybe your part time job) and work really hard at it you will probably get promotions and raises and you will get loads of money since you would be doing this job for around 8-15 years if you work really hard but never give up try your best and i should have mentioned this earlier but work really hard at school too because you may get better at writing and you could write a novel that would get you millions so never stop trying i wish you loads of luck and can't wait until your success
