Ideas on How to Become Rich - Learning from the best in business and entrepreneurship - Part I

Ideas on How to Become Rich

Hi good morning
As promised earlier, I would like to share the insights of the rich and powerful people with you so that you can learn from the best in business and entrepreneurship - Part I (real estate investment)

I will start with how to become rich by investing in real estate. The rich business leaders who managed to use this area of enhancing their wealth include tycoons like Donald Trump. I will share some insights about this "no-nonsense" man who believes that there is no beating about the bush if you want to succeed.

Yes, when you are decisive and determined to do something, you have to go headlong and do it. Do not beat round the bush and become wimpy. Donald Trump became successful when he started to invest in real estate because land is a scarce resource and it is only when you are able to buy the right plot of real estate or land(natural resource) that you will make it big. In fact his father commented that he was able to have the "Midas touch" - meaning everything he touches turns to gold like the fairy tale story of King Midas.

Well, he acquired land and properties in growth areas in Manhattan and city areas and then went on to build hotels and magnificent skyscrapers.
His shrewd acquisition of good properties gave Donald Trump two very important aspects of success.

The first aspect was the prestige because those areas he purchased are in very prestiguous areas and the second aspect of his success and riches came from his smart use of branding technique. He was able to use Trump brand very well because the BIG "T" was prominent and denoted power and wealth.

What we can learn from this successful, rich and powerful tycoon,Donald Trump are:
a) you need to be gutsy and decisive in making important decisions of your life;

b) you need to be alert to opportunities around you and jump into the right area at the right time; any delays in property investment can mean great loss. So to ensure good returns in real estate investment, you must be able to buy at the right time the places which can command premium. This also applies to other kinds of investment where timing and locations are vital issues for acquiring wealth and riches.

c) you must have passion in whatever you do. Without passion and enthusiasm in your pursuits, you are only a "work-slave" and not a leader.
To be a leader in business or in entrepreneurial efforts, you have to have lots of passion and love for what you are doing. This will ensure success and riches at the end of the day.

So, I believe we can learn a lot from this rich and powerful man, Donald Trump who makes the branding of Trump look so simple. It is the clear directional pursuit of wealth with passion and decisiveness that push this man to heights of wealth and status. He is every woman's dream man because he has "everything" - looks, wealth, power, status and prestige. Even the financial crisis of 2009 did not affect him as much as all other Americans!

In conclusion, real estate investment is an excellent form of using money wisely. As you know, land and natural resources are very limited in supply in this world. Buy the right real estate in the good locations (not about how cheap the acquisition but how well you invest ) will give you the monetary eturns you are looking for in future.

Be wise, be timely and invest in good real estate for future wealth enhancement of your life.

Cheers and happy reading
Sally Klaus
Ideas on How to Become Rich