Mark Cuban currently has a net worth of over $3 billion, so it’s safe to say he knows what he’s talking about when it comes to making shrewd decisions. Unlike many people in his position, he’s remarkably candid about how he’s managed to become so successful, and while you might never match the amount of money he’s mad over the course of his life, he’s given out plenty of pointers about how you can improve your financial situation.
Cuban has previously given advice concerning what you should do if you ever happen to overcome the odds and win the Powerball, but you don’t have to stumble into hundreds of millions of dollars to improve your quality of life. The serial entrepreneur recently spoke with Vanity Fair to share nine tips for anyone looking to get rich. A few of them require a fair amount of sacrifice, but nobody said the path to riches was an easy one.
Here’s the full list if you’re too lazy to spend three minutes of your day to listen to some potentially life-changing pointers:
- Live like a student
- You shouldn’t use credit cards
- Save up six months income
- Put savings into SPX mutual fund
- Invest up to 10% of savings in High Risk Investments
- Buy consumables in bulk and on sale
- Negotiate using cash
- Read books
- “Nice works”
If you’re looking for a place to start when it comes to that eighth piece of advice, Cuban recommends you pick up Andrew Tobias’ The Only Investment Guide You’ll Ever Need, which has been helping people make bank since it was published in 1978.
If you ever manage to make it big and feel like paying back the person who brought this video to your attention in the first place, feel free to Venmo me.
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