The Forbes World’s Billionaires list is always a hot item. I love to read about the roots of billionaires and see how they carved their own path to success. Below is a very cool infographic examining the backgrounds of the world’s billionaires. Let’s break it down:
- Toss the first 30—they inherited their wealth. Good for them.
- 17 started their own business—These are my people.
- 53 worked for a different organization. The majority of them were in sales.
Rather than setting a goal of being a billionaire, I always just wanted financial independence. Robert and Kim Kiyosaki taught me that getting out of the Rat Race does not mean you need to be a billionaire. Financial independence means your passive income, is greater than your expenses. It’s a pretty simple financial goal in life.
Rule #9 from my book The Fantastic Life: Set Goals
When I started out I set the goal of becoming financially independent for myself. Within that larger goal I set several smaller goals, including setting up various passive income streams and saving for retirement. Setting those goals is the only reason I was able to live the life I want. What are your financial goals?