Forbes came out with a fun article highlighting the 5 ingredients helpful for reaching billionaire status. Shockingly, 3 of the ingredients pertain to me, yet I'm far from big bucks wealthy. The only time I ever made a move towards Warren Buffet status was last November when he lost $9.6 billion on paper and I lost less.
5 Key Ingredients For Becoming A Billionaire
1) Have parents with math-related careers.
2) Born in September.
3) Dropped out of college.
4) Member of a secret society like Yale's Skull & Bones.
5) Worked a stint at Goldman Sachs.
I remember sitting next to Steve on a plane ride from Shanghai to Hong Kong 5 years ago. The first thing I thought was, why is he flying commercial? The second thing I thought was, I guess he really did have a lot of acne growing up! Sorry Steve, I'm just being honest. He was hosting a big Forbes-sponsored conference and he started going on and on about the emergence of growth in Asia. He gave me a pep talk and said, “FS there's no stopping what you want to do, so just go out there and grab it!”
We exchanged business cards, his saying “CEO, Editor in Chief of Forbes Magazine,” mine saying “Waterboy At Your Service” and we went about our separate ways. Eight months later, I get an unceremonious Christmas present in the mail with a tie that says, “Corporate Tool.” Thanks Steve, what a trip! At least you got me thinking about your flat tax mantra that generated so many comments this past week.
There's a 6th ingredient for becoming a billionaire Steve forgot to mention. That's simply to be like Steve and inherit it!
Hope everybody is having a good weekend.
Financial Samurai – “Slicing Through Money's Mysteries”
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