Mark Cuban

Mark Cuban: 9 tips on how to become rich

Long Story Short Billionaire and investor Mark Cuban shares his advice for saving your hard earned pennies, getting more out of your investment and ultimately become rich.

Short Story Long Mark Cuban is the type of guy where you want to take financial advice from. He made several the right choices in his life. Cuban is the owner of the Dallas Mavericks (the HBA basketball team), investor in Shark Tank and has a net worth of over 3 billion. You can therefore assume that he has a good idea. He’s even surprisingly open about how he has become a billionaire.

Financial security has a significant impact on your quality of life. Be rich doesn’t have to mean that you’re rich is born. According to Cuban, it’s all about making the right choice in your lifestyle, making you end up later the benefits.

Be rich, however, comes with a price. You have to be prepared to make some sacrifices, no one said it would be easy. There are plenty of ways to save money, so let see Mark Cuban in these 9 tips he recently shared with Vanity Fair.

1. Live like a student You’re not going buy a new car after your first big payoff. Please save.

2. avoid Credit cards Use your debit card if you prefer not too much cash being carried by men.

3. six months income Have up its sleeve If there was ever something goes wrong (dismissal, medical emergency, etc) says Cuban that it is best to have six months income saved in the bank. So you have a safety net for if it ever comes.

4. put your savings in an investment fund Put that saved money in a fund with low cost (and see how it grows)

5. invest up to 10% of your savings in investment with high risk Ethereum is currently something like Bitcoin or interesting, but you have to be willing to get rid of everything. How do you do it? He says you should do like you have lost a long time ago.

6. buy groceries in bulk if they are on offer There is a ridiculously good offer on toilet paper? Buy everything, make the shelf is empty if it is possible. Buy sustainable products and products that you can reuse in bulk when possible. Even if it sometimes seems excessive, you will save a lot of money here in the long run.

7. Negotiate with cash Negotiate what by using cash. Ask that guy at the car wash 30 euros to get your car cleaned? Thing and offer him 20 euro cash in on the run. So, 10 euro saved!

8. read books Read. read a lot. Spend your time between the shelves of your local bookstore (or shop fine online), you never know what genius idea you come across. He recommends that The Only Investment Guide you’ll Ever Need by Andrew Tobias.

9. “nice work” Be nice to the people around you. Practice with sympathy and compassion. If that works, you will find that you get better results harvest.

In the end it all comes down to self-discipline. Rather than order a pizza put introduce yourself to the cooking of a pan pasta after a long day of work. Just do it, enough with all those excuses. Now make the smart decisions that you a more interesting future. It is a long process that will never walk like you wants and needs a lot of patience, but in the end, it’s all worth it. You too can lead the good life.
Etienne

Etienne

Eigenaar & Zoekmachine Marketing Specialist at Dutch Consultants
Etienne Rozenblad is een jong, gedreven ondernemer uit Almere. Hij is sinds 2014 op de hoogte van alle zoekmachine marketing tactieken en strategieën om op elke type website meer verkeer te verkrijgen. Naast de kennis van zoekmachine marketing heeft Etienne ook nog veel basis kennis van de overige online marketing vakgebieden zoals design, social media, A/B testen etc. Met deze kennis kan hij online marketing teams goed aansturen.
Etienne

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