Age: 33
Fortune: self made
Source: Google
Net Worth: $16.6 bil
Country Of Citizenship: United States
Residence: Palo Alto, California , United States, North America
Industry: Technology
Marital Status: single,
Education: University of Maryland, Bachelor of Arts / Science
Stanford University, Master of Science
Age: 34
Fortune: self made
Source: Google
Net Worth: $16.6 bil
Country Of Citizenship: United States
Residence: San Francisco, California , United States, North America
Industry: Technology
Marital Status: single,
Education: University of Michigan, Bachelor of Arts / Science
Stanford University, Master of Science
With partner Sergey Brin (see), cofounder of searching phenomenon Google. Met Brin at Stanford while pursuing graduate degrees in computer science; dropped out, launched famed search engine in 1998. Raised $25 million from starmaker venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital. Recruited longtime tech exec Eric Schmidt (see) to run company. Took public in 2004; stock up 420% since. Sales: $10.6 billion, net margin 30%. Extended reach into satellite mapping, online payment systems, news. Founders have seen their net worth soar 130% in 2 years, outpacing early years of Bill Gates, Larry Ellison. Both have more than $2 billion outside of Google stock. Promising to "do no evil" with their riches; plan to pour $1.2 billion into Google's charitable organization.
Easy Way to Become A Billionaire!
They are the example of billionaires. :) They got no. 26 in Forbes. Can we be like them?? Is there an easy way to become a billionaire? :) Actually becoming a billionaire is simple. If u do all the things I listed below, you can become a billionaire with a bit of hard and smart work. :)
1st of all you must "Think" like a billionaire. It is the most important part because your mind will control your body to act. So beginning with your mind is essential. If you do'nt begin with your mind your plan will go wrong even it is almost perfect. It's the same if you wanna be a rich or a millionaire too. :) Think like a billionaire means you must think the exact way a billionaire thinks. To do that, maybe you can read interviews with them, buy their books and learn from a billionaire in your town. Or you can also buy Donald Trumps book, How to think like a Billionaire.
2nd one is, to act like a billionaire. What we have in mind is to use big car, buy big houses, and live like a rich. That is wrong! That is the way they act now after they became a billionaire. If we do like that we will be poor faster than we think. LoL. "Act like them" means, when we make business or investing, do like they do. They must have some secret and they also have some kind of special skills that made them a billionaire. Always learn from ppl who have experience and it will shorten down our learning curves.
After doing those 2 steps, now you need to find an idea. An idea that can make a billion. :) You can learn from Google, McD, and many more big businesses all over the world. You can come with anything, product, services, or food and beverages, oil and gas, gold and silver, anything. But make sure it is a new idea that nobody in the world had starten it yet. So you can grow faster and bigger. :)
the final one is, to sell the idea with a ratio you can make yourself that can reach $1,000,000,000 . For example, $10 per product : 100,000,000 ppl which means $10 profit for a product that you can sell to 100,000,000 of ppl. Is it possible? Think about it. The world population now is 6 billions and still increasing. 100Milllion is only 2% of it. Ok maybe you find it a bit hard. So how about we increasing the left side of the ratio to make it easier. For example $1000 per product : 1,000,000 ppl. You see the number in the right is low now. :) And it is only 0.2% of world population. :)
Or you can think about it yourself. Like McD franchises, for example $50,ooo per franchise : 20,000 franchise owner all over the world. For example in real estate, it is always easier to become a billionaire, you can build your own buildings and sell it, maybe for a ratio $100,000 net profit per building : 10000 ppl. So you need to find an idea that can support this ratio. And if you can continue doing this all your life, maybe you will also be listed in Forbes one day. :)
So good luck for all of us. Think like a billionaire!!
Sunday, March 11, 2007
Easy Way to Become A Billionaire!
Friday, March 09, 2007
Buy A Dream Car and A House with only $10,000??!
It's no doubt, that Real Estate is the best investment ever for long term investment and it is easy to manage. Many have become millionaires by doing real estate alone. But for me it's not so challenging rather than business and stocks. For you who wants to be rich without much to think, I suggest you to consider real estate. Eventhough its a long term investment, but it will for sure make you become rich, if you learn more how to do it.
I'll like to give you some example.. Lets say you want to buy a new car that you need to pay the loan monthly for about $300. My advice that I learned from Rich Dad Poor Dad is, dont buy the car first, but lets go out there and buy some properties. For example you find a good house in a good location with a good price $100,ooo. You will only need $10,000 to buy it using 10% downpayment mortgage. The rest of it you will need to pay monthly, lets say for $200.
Okay, now what do we need to do. Lets find some tenants that would like to rent that house. As I said before, you need to make survey first about the locations. Make sure it is a hot spot. To cut the story short, you found a good tenant who would have no problem to pay you $500 montly for the rent. So now you use that tenant money to pay the mortgage $200 and $300 for the car. And the good news is, the same time you have your new car, you also get a new house to put in your Assets column in your balance sheet. :) Sounds interesting right?
So what are we waiting for? Wait.. Lets make some more study about this 1st. :) Becoz with more knowledge, more money we can get. But the more important is, we won't face a big failure in investing such as real estate. :)
Enjoy the article. And if you like it plz post a comment. :) Cya
Make Big Money In Real Estate
by: Gregory Wadel
Real Estate is one of the oldest forms of investing known to man.
Real Estate investing is easy and fortunes are made in a simple manner. For example, and investor decides that a desert area will eventually become an industrial development. He purchases a number of acres at a very low price. If his guess turns out to be correct, ten years later he sells the land hundred times more than what he paid for it.This can happen in any part of the country and is not an exceptional case.
As the population keeps growing in the U.S., land prices continue to raise and it means that Real Estate will continue to offer one of the best investment opportunities in the country.
Compared to most forms of investment, Real Estate offers greater profit potential. Of course, not every piece of land will turn out to be a winner, and despite the great potential rewards in some cases risks are involved, so the necessity of careful study before invest.
One of the problem of Real Estate is his lack of liquidity.
Liquid assists are those easily converted into cash like stocks or bons. Most Real Estate investments take years before you can make some money, so it is not wise to tie up all your assets in this type of investment. Your financial situation will determine how much you can wisely invest in properties.
There is a difference between a land speculator and an investor.
A speculator buys land with the intention to make a quick sale and fast profits and will not hold land for a long period of time. An investor, on the other hand, looks for a long time gain, and usually buys only what he can afford to keep for an indefinite period of time.
If you are new at this field, it is wise to refrain from any a speculation until you become more informed, and you will have to devote considerable time to study and research. It is wise also to consult specialists before you act.
Without realizing it, you already made a very successful investment in Real Estate if you bought your own home.
Before you look for areas to invest, consider the condition of your own house. If you have any plan for selling it, good landscaping has been known to considerably increase the value of a home.
Large profits can be attained by purchasing run-down homes and restoring them for eventual selling, but some factors have to be considered:
* You must know something about architecture and remodeling and get and idea of how much it will cost to get the house back into shape. Consider what you will be able to do yourself and what it will cost you if you have to have it done.
* The location of the house is the most important factor to consider. Study the neighborhood, shopping, and transportation facilities.
It can also be profitable to lease land for commercial use. Land which borders highway is extremely valuable for purpose such as warehouse, gas station, etc.
Land development companies frequently run advertisements offering country retreats. Be wary of these offers as they themselves make a large profit at the time they sell you the land, so it is much more profitable for you to buy your own.
When you buy property, buy at a price that involves a minimum financial risk. Invest only a modest amount of your own capital, when you sell, determine if a cash or installment sale is the best, based on your over-all income tax status. Learn by looking back on the mistakes made in the past and by reviewing the opportunities you have missed.
Prepare a list of all properties available in your area and think up the best future use of the properties. Learn to purchase land before there is a demand. To buy land well in advance is the only economical way at today's prices. Then hold the property until you can resale for large profits. Don't sell all your desirable properties and keep just lemons.
If you are willing to leave the cities, you should not have any trouble finding inexpensive land for sale. If you discover a tract of land appealing to you but not listed for sale, contact the Country Register's Office and he will tell you who is the owner. Get in touch with him and he could be willing to sell.
As a rule purchasing tracts of land within thirty miles from a growing city is often a sound investment. Deal only with qualified realtors. Be careful of individuals who offer quick profits.
Before taking any action, study what has been written about the subject. Know why you should and should not buy. Stay conventional and don't buy white elephants. Look for hidden defects and make the property attractive before offering it for resale. Study local conditions and be sure it is practical.
Constantly look for bargains and quality properties with exceptional features that will make the sale easier. Follow up on For Sale signs, make inquiries.
When discouraging elements occur, minimize your losses by whatever means available. Don't throw away money on repairs for poorly located property or in an area of surplus rental units.
Before you attempt to sell, find out how the prospect can use the property profitably. Ask yourself if you would purchase it if you were in the prospect's shoes. Ask yourself if the future use will fit any of the many types of specific businesses. Can a hospital, a bank, an apartment complex, condominium or professional building be located on the property.
Learn to analyze the pros and cons of a real estate problem.
Break it down into its various elements. Know if the answers you come up with are satisfactory and practical. Try different approaches to the problem.
You are necessary looking for the "top" or "bottom" of the market, or the current economic situation. You are looking for a variety of properties which have a higher value dependent on the use that can be established for them.
There are always opportunities in Real Estate during good times and bad, but it is up to you to pick and choose only those very best deals, especially during times when it appears that Real Estate values and demand have reached their peak or in times when it is practically impossible for most anyone to get bank loans due to the tight money market or impossible interest rates.
You can make big money in realestate.
About The Author
Gregory Wadel
If You would like to find out More about RealEstate, Please Check Out my Blog at:
http://eaw-realestate.blogspot.com
Monday, July 03, 2006
Want To Earn Thousands Fast? It's Common In Real Estate Investing
By: Jackie Lange
I'm constantly seeing business opportunities that promise you can earn thousands in very little time. That's probably true for some of their members, but I'll bet more than a few people reading this article have joined these programs and earned little if anything.
I wouldn't be surprised if the average member spends hundreds while earning under $100. Sure, the hype is exciting and it's fun to be told you'll be a millionaire, but in reality, usually only the founders get rich.
Real estate investing is an altogether different kind of business. People just like you and me buy and sell properties and earn tens of thousands of dollars, often within just a few days of getting into the business.
I worked with a teenager who earned almost 12,000 in just over one week. And that's not a fluke. We regularly see people jump into real estate investing and earn big checks. Last year, my organization that helps people buy and sell houses did more than $58 MILLION in business.
How can we earn so much money? It's relatively easy if you know how. You simply find owners who are highly motivated to sell, buy their property (with other people's money), then sell at a higher price and keep the change. Often that change is $10,000, $20,000, $30,000...and more!
Keep in mind I said it's easy IF you know how. But learning how to be a successful real estate investor can be an uphill climb. This problem is mostly due to all the BAD information that is out there. There are alleged real estate gurus who constantly dispense bad advice. The average person getting into real estate is so confused they can't make any money. Most get discouraged and give up.
Here are the basics you need to know to succeed:
1. You don't need much money to get started. There a lots of sources who will give you the money you need to buy houses and other properties.
2. There are some tried and true methods to uncover sellers who will literally beg you to take their house. For various reasons, they need to get out from under their home fast. You can often buy these homes for pennies on the dollar, giving you plenty of opportunity to sell the property at a much higher market value. That translates into BIG profits for you.
3. Of course, realtors will view you as competition, but not if you know how to enlist their help. You can easily have realtors all over your area working with you to help you find more and better deals.
4. A LOT of money is changing hands, so you'll need professional contracts that keep you out of trouble and keep your customers happy. Not to worry--there are standardized contracts you can use that cover all the bases. You'll also need to organize and structure your business like any other, and there are very smart ways to do that, while maximizing your profits and minimizing risk.
Above all, don't be afraid to get into real estate investing. I've known thousands of every day people who have succeeded admirably in this industry. Get the information you need, then get started making money.
The Decision to Rent or Buy A Home
By : Dan Lewis
The pace of life can be so quick that we have a tendency to blow by important decisions. One such decision is the decision to rent or buy a home.
The Decision to Rent or Buy A Home
One of the biggest decisions people come to is the issue of renting versus buying. Really, it is an extremely tough choice to choose between the two. However, I once had an economics teacher who put it extremely well and puts the whole thing in perspective. His motto was, “Rent when you have to, buy when you can.” This statement is only too true, and here is why.
Renting can be a big plus for certain people. People who are on the move, people who get relocated with their jobs and need to stay mobile, and also for people who just moved out of the house and have low income and no credit. In any of these situations, renting is definitely a good choice. Renting allows people who need to stay mobile the opportunity to do just that. They go month by month and aren’t committed anywhere. Also, the paperwork required for renting is minute in comparison to that of buying and selling. In addition, those with low income and credit scores should also consider renting. Looking for a mortgage with low credit scores will be very difficult and even if you find one the interest will be unreasonable, not to mention the fact that even making the monthly payments can be unmanageable.
However, the benefits of buying, when able to, far outweigh those of renting. Sure, buying a house takes tons of paperwork and involves commitment to that house. But in the long run, owning a home is extremely important since your home is one of the biggest investments you can make. The key to this is home equity. Equity is essentially the value of the home. This equity almost always increases over time and can sometimes take huge leaps such as the recent price hikes of homes in California. These huge spikes drastically increase the price of the home and leave the homeowners with a lot of money right beneath their feet that is always available. Also, equity enables homeowners to pull out home equity loans that are based on the value of their homes and generally have reasonable interest rates.
Of course, this all depends on ability to buy. Having a good credit score, a good amount of money put away, and a good income are all incredibly important. A good credit score allows the person to obtain lower interest rates on mortgages, a good amount of savings allows a higher down payment, and a good income allows the person to make the payments. When this can be done, buying is definitely advised. Renting has its benefits, but buying is always better.
