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🐺8 Keys to Success from One of the Richest Men EVER

Fast-track your way to Fortune in 2024

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Bill Gates is worth $128.8 billion.

He co-founded Microsoft and became a billionaire at age 31.

Here are his 8 pieces of advice for becoming rich:

1. Money buys happiness…

To a point.

Money reduces financial stress.

You don’t need to worry about:

  • College tuition

  • Health care bills

  • Cost of living increases

But once the basics are covered, plus some extra, money does little to improve your well-being.

2. It’s okay to splurge

You can prioritize investing and still treat yourself to nice things.

You shouldn’t feel guilty about using your money on experiences/things that bring you joy.

Just make sure to find a balance between assets and experiences.

3. Invest in self-education

Bill Gates taught himself programming at the age of 13.

He then went on to co-found Microsoft, invented Windows 95, and closed deals with IBM.

If the formal education system is lacking, self-education can supplement it.

4. Be ambitious

Bill Gates has never stopped chasing goals, despite:

  • Becoming a billionaire at 31

  • Co-founding a $3.08 trillion company

  • Donating over $50 billion to good causes

If you want to be rich, you can’t be complacent.

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5. It doesn’t matter how smart you are

What matters is what you can do.

You don’t need fancy degrees.

You don’t need a high GPA.

You simply need to be able to execute at a high level.

Results can get you further than any prestigious education.

6. Understand what success means

Success isn’t a net worth.

It isn’t the appearance of being rich.

Success is when those people who are close to you are happy and love you.

Riches without family/friends who care about you are meaningless.

7. Stay curious

Gates says your ability to constantly refresh your knowledge and learn new things will set you apart in the next decade.

When you learn new things, you’re able to connect ideas in ways others can’t.

8. Learn from others successes and failures

A book Bill Gates recommends is Business Adventures by John Brooks.

There is no need to reinvent the wheel or learn from scratch.

Take what’s worked, leave out what doesn’t, and create something that works for you.

There you have it!

8 pieces of advice from Bill Gates on becoming wealthy.

If you enjoy this newsletter, here are some of my favorites I’d recommend you read each week:

Ace in the HoleYour Secret Weapon to Beat The Market
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