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About Everything Wiki » Get Rich » Financial secrets of scandalous millionaires

Financial secrets of scandalous millionaires

04 May 2023, 17:48, parser
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Donald Trump: thoughts like a millionaire

Donald Trump
Trump is an American businessman, president of the Trump Organization and founder of Trump Entertainment Resorts, a very shocking and extraordinary personality, a frequent hero of American gossip.

His motto is: in addition to doing something, you also need to be someone. In other words, it doesn't matter how much money you have in your account – a million or just a couple of thousand, what matters is what you represent as a person.

Financial success is a lucrative business. And you can only make it if you think and behave like a millionaire. Always think about your future financial condition in a positive way and don't worry too much about crises (in the 1990s, Trump was in debt, like in silk).

Bernard Madoff: invest in index funds

Bernard Madoff
It is difficult to believe the advice of a businessman who received 150 years in prison for creating one of the largest financial pyramids. However, Madoff has been selling and buying securities for many years and understands something about it.
So, he advises novice investors to invest in index funds, because this is a fairly effective money management system. An index fund is a portfolio of all stocks included in the calculation base of a certain index, and allowing you to track the results of an entire market segment or even the market as a whole.

However, here, in addition to money, you will need knowledge. You will have to study the topic properly before investing money, because index investing has not only advantages, but also disadvantages.

Rupert Murdoch: sign a prenuptial agreement

Rupert Murdoch
The Australian-born American media magnate, the creator of the News Corporation empire, who started his way to a million with a small-circulation Australian newspaper, knows a lot about sensationalism and money. And although his reputation was greatly tarnished by the "espionage scandal" of 2011, related to the surveillance of celebrities and other citizens by the News Of The World newspaper sponsored by him, Murdoch continues to be a business icon and a favorite of ladies.

Officially, there were three of them in Rupert Murdoch's life – he is married three times and has six children. This year, the 82-year-old media mogul re-entered the divorce process. It would seem that the ex-wives had to ruin the businessman. But according to Forbes, Murdoch's capital is almost $8.5 billion, the 106th result in the world.

What's the secret? A well-written marriage contract. It is better to spend money on a good family lawyer once than to pay off the debts of a spouse or divide property.

Stephen Schwartzman: measure seven times, cut one

Steven Schwartzman
The capital of businessman, CEO of Blackstone Group Stephen Schwartzman is estimated at about $ 6.5 billion. He believes that he has earned his fortune, and enjoys hedonism: he lives in a penthouse worth $ 30 million and pays millions for the performance of his favorite singers on his anniversary.

Schwartzman's advice is that you should not make hasty decisions. Business is sometimes very dynamic, but this does not mean that you, under the weight of circumstances, should make hasty or compromise decisions. If you are not sure, for example, of a candidate for a vacant position, then you should not take it, just because there is no alternative yet. Timing is important, but profit is even more important. Before making a deal or investing money, measure seven times.

Silvio Berlusconi: don't be lazy

Silvio Berlusconi
The ex-Prime Minister of Italy needs no introduction. We all know about his love, singing talent, and tax fraud. However, he was and remains one of the richest people in the world – Berlusconi's fortune is estimated at almost $ 8 billion.

How? How did he earn it? Hard work, gentlemen. Literally, like a galley slave. But if we put aside the irony and listen carefully to what he says in his business interviews, it becomes obvious that Berlusconi values rationality and hard work very much. A penny saves a ruble – those who work hard and selflessly should remember this. If you are not lazy and spend less than you earn, then financial success will not take long to wait.

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