4 Wealth Lessons we can Learn from Billionaires

Four Personal Wealth Lessons We Can Learn from Billionaires
Each and every billionaire today, whether he or she realizes it or not, is actually a wonderful teacher. They teach with their words. They teach with their money. And they teach with their actions. We can be their students, if only we know where to look. Naturally, a student interested in growing his or her personal wealth will have read everything about his or her personal wealth mentor. But sometimes, we don't have enough time to read everything, especially if we're busy building our own wealth. So instead, we have to glean what we can from the information out there. Here are just four short personal wealth lessons we can learn from billionaires.
Start Small
From Warren Buffett we learn that you can build wealth from a small amount of money. Buffett was only a little boy when he traveled to New York City and made his first investment in the stock market. As a teenager, he bought a few pinball machines and put them around his hometown. By the time he graduated from college, he had earned nearly $90,000 from his small, but careful investments. His story teaches us that we can achieve great success with only a few things.
Never Give Up
It's important to realize, though, that when starting from such humble beginnings, you can never give up. That's what we can learn from Steve Jobs and Steve Wozniak. The Apple founders were rejected when they tried to sell early products to Atari and then Hewlett-Packard. But they did not give up on their dream to create a successful computer and electronics company. And now look at them: leaders of one of the most successful company in the computer industry.
Be Patiently Charitable
This is perhaps the toughest lesson to learn, and that is to be carefully charitable. By this I mean that you must know when to be charitable with your money and when to hold on to it, grow it, and double its value so you can be even more charitable in the future. In 1994, Bill Gates had amassed a good sized fortune, and, in response to public opinion, he established his foundation. Think if he had begun giving to charity earlier? Instead, he waited to let his resources grow so that he could give as much as possible. If you wish to give to charity, give only what you can manage to give, and let the rest grow. If you can grow your wealth, you can give more to charity in good time.
Do What You Love
From Sonny Bono, we learn to do what we love. He loves his music, and he has managed to turn his life's work into being paid to do what he loves. Doing what you love is the best way to make sure you never get tired of making money. If you can figure out how to monetize the hobbies you love and the interests you pursue, you could be very successful in life.