I Met 25 Billionaires… Here’s 6 Lessons They Taught Me

June 10, 2024

I Met 25 Billionaires… Here’s 6 Lessons They Taught Me

MrBigMoney Big Money Mindset, How To Think Like A Big Money Millionaire american dream, billionaire, billionaire advice, billionaire interview, billionaire lifestyle, billionaires, Business Advice, business empire, how to get rich, how to make more money, john paul dejoria, millionaire, millionaire advice, multi-millionaire, noah kagan, noah kagan billionaire, noah kagan interview, noah kagan interviews billionaire, what is rich, win in business, work hard 48 Comments

Video Transcript

Welcome to Big Money Investing
Your Ultimate Destination for Learning From Big Money and How You Can Succeed Too!

Are you ready it to the next level?
Investing into sound investments like big money does. Subscribe to the Big Money Investing Channel

there are 2,640 billionaires on this planet my career as a tech entrepreneur and YouTuber has allowed me to work or meet with 25 of them some have interviewed right here on this channel that means I’ve met 1% of all of the billionaires on this planet and each of these billionaires has given me a full view into the raw wisdom habits insights mindsets tactics and more and these are not just Tech billionaires these are people making billionaires in Hair Care tequila shipping energy and printing presses I’m going to be revealing the six greatest lessons I’ve learned from interviewing these billionaires that have helped me grow my company app sumo.com to $100 million a year in revenue and can help you do the same stay tuned though for the fifth lesson cuz I believe that one’s going to surprise you first lesson I learned from these billionair is that there are zero employee billionaires if you take only one thing away from this video learn this You Must Be Your Own Boss if you want to become a billionaire you can not W2 your way to billions now let’s take Michael hudner the 76-year-old shipping magnet described this perfectly in our interview the father of a girl I know and he left the corporate world cuz he figured out how to buy a distressed piece of real estate with somebody else and they were of and running which is an important thing to be able to do to get away from W2 income I mean if you got people who are trying to figure out how to do this you got to keep your expenses down shout out to Mr hudner what a an amazing human so there there’s really interesting things that he was talking about so the first one that I think is so important is your keeping your expenses down or as I like to call it that LCL that lowcost lifestyle just sharing my own I was fortunate to have parents that I could live with so I lived with my mom for 2 years after college I lived with my aunt’s basement for a year shout out a Rhonda and then I lived on Floors literally on floors for a year also driving Honda crx’s the power of a lowcost lifestyle is that it gives you less pressure more freedom to do the thing you want so that you can hit your freedom number or the amount of money you need to make so that you can live the life you want to live and that will also help you create a lot more money cuz you’re doing it the way you want and the last thing he said you have to get away from the W2 income and what he is saying there is that when you’re an employee there is a cap of your salary your paycheck as a W2 worker as an employee will never be a billion dollars it likely won’t ever be greater than a couple million dollar and those are rare cases my highest paycheck as an employee was a 100,000 bucks I was at mint.com I would have to get that paycheck consistently every month for the next 834 years just to make a billion all right no thank you that’s going to take forever only in the last 5 years has the entrepreneurs stepped into the spotlight of a pop culture icon think about that entrepreneurs and athletes are now neck and neck as the sexy new occupation I’m too short to dunk come on y’all Netflix is filled with documentaries YouTube movies and series about CEOs as Heroes The Social Network Mark Zuckerberg we used to work for the founder Ray Crockett McDonald’s we crashed Adam Newman of wework Wolf of Wall Street Jordan bord who have had on the show and at the end of each of these movies and shows the main protagonists are their own boss none of them are W2 workers entrepreneurship is a pursuit of Freedom that can only be fully embraced once you leave behind the W2 world I just got to say that I don’t think W2 thing is an evil thing what I’m trying to say is if you want to be a billionaire you give out the W2s you don’t receive it the only exception to this that I know of is Ryan Graves who was the number two employee former executive at Uber who went on to become a billionaire from being an employee now the growth though of uber becoming a hundred billion do company is unprecedented at the time and his unique positioning within the company and sharp skill set no doubt allowed him to reach 10 figures as an employee if anyone can give Ryan graes a shout got a lot of love for him I would love to hear him on this channel but that is the exception not the norm So You Must Be Your Own Boss there are no employee billionaires get out of W2 work number two lesson I learned billionaires create their Market whoever creates the market takes on the billions Mark Zuckerberg created the social networking Market billionaire Travis kinck created the ride sharing Market billionaire Sam Altman creating the AI consumer Market billionaire however the thing about creating a billion dooll Market is it’s usually never obvious you seemed crazy at first Zuck he chased social networking back with Facebook in college in 2004 that’s 20 years ago paor orilia he chased consumer printing you know copy machines we don’t even know about these anymore at Kinkos in the 1970s when printings was mainly a commercial industry John Paul Doria started Patron tequila when there was Zero topshelf tequila brands and no one bought it for nearly 2 years when he launched it nonobvious markets become billion dooll markets because of billionaires just listen to how painful John Paul deia’s story about first taking Patron to Market was nobody would take us nobody wanted the product everyone we ran across said I’ve never tasted anything like this but it’s way too expensive the average tequila in 1989 was around $5 a bottle the I think the best one was $14 if you could find it we had to sell ours for $37.95 way more than anybody else they said no I walked into Spa restaurant Wolf Gang Puck was a friend of mine and spos was the restaurant in Beverly Hills to go to and I gave him say oh JP this is good stuff I said would you serve it to your celebrity friends he said of course it’s the best cuz they were known as the best of the best when most entrepreneurs are faced with that kind of rejection they stopped but Jon did what most billionaires do and kept going sure some of the efforts led him back to the same dead end of market rejection but he kept going and going and going and going all the way until he finally cracked the market established the genre of highend tequila and cashed out with a over $3 billion paycheck listen to the man himself tell you how to act with the same resilience this one product that was too expensive that nobody wanted and they were they had right that all the statistical datas no one could ever approach that right but all of a sudden it took out it people wanted to treat themselves to the very very best when I sold Patron about 5 years ago we were approaching for million cases a year and obviously as you probably know it’s public record it went for the largest amount ever within ES exps company but you know so you don’t believe what people tell you you believe yourself if someone tells you something that’s real there’s no reason not to believe them but if they tell you something negative question it what do you feel in your own heart what do you feel can be done and just go for it I love John Paul dor let me just shout out that right there the belief you have in yourself needs to have a higher standard than the belief you place in other people or your road to a bilon won’t likely ever reach 10 fig territory nonobvious markets have the most potential for growth both and risk and obvious markets are now obvious because they are highly saturated and competitive for example everyone is talking about and flooding the AI Market with new Innovations and iterations of how to apply this new tech to Consumer interfaces but if you actually look back at Market leaders like open AI it was founded back in 2015 when AI was just a whisper and far from the billion dollar pot at the end of the rainbow that it is today now the same goes for crypto real estate Shopify Creator economy and any other trendy industry is buzzing with new entrepreneurs so if you’re looking at the market leaders in each of those categories their roots go back decades before they were even considered a huge opportunity now when I launched apps.com in 2010 there was literally just 10 software companies for us to promote at at the time people literally discouraged me saying there’s no way there’s going to be enough software deals for entrepreneurs for you to keep going 15 years later here we are and we’re making hundreds of millions of dollars for our partners myself the team billionaires create their Market the third lesson these billionaires revealed to me was they are okay being boring yes billionaires are boring and they know it now this may sound like an insult cuz as we were putting this together I was like oh I’m kind of making fun of these people I really admire and it’s so cool what they’ve done now if I were to ask you to visualize close your eyes keep watching what an encounter with a billionaire would look like where would it be what would they be wearing how would they be speaking you’re probably imagining yourself off the coast of Monaco super yacht say Bezos is flying far he’s got hair again no he doesn’t neither do I talking about the future of Amazon his $1.7 trillion company the image in your head does not match the Miller High Life Beer hoodie and the shorts of James from our private jet interview the energy billionaire the short socks and sneakers of Paul orilia or even the casual dress slacks of Michael hudner these billionaires defy the stereotypes with their Simplicity and understated appearance demeanor and Lifestyles these men are in the same 3993 as Bezos Oprah musk Branson and all the other Infamous billionaires with mega Yachts islands and spaceships but the reality is the majority of billionaires live surprisingly simple and aesthetically un extreme lives Larry janeski who built a billion dooll basement Construction Company played his motivational tapes for me in a $40,000 Chevy Impala James the private J interview he made billions trading in energy Commodities pulled up in a humble BMW it’s humble it’s not a McLaren although we were going on his multi- multi-million dollar private jet Michael hutner who’s done billions of dollars in shipping inventory he dressed like a really good-looking store manager these billionair I’ve spoken to are some of the most humbly boring people I have ever met you pair that with their enormous net worth and it really made me reconsider what the effects of wealth and money should be on the human being it’s not just the clothes either it’s their actual businesses too they aren’t just in the sexy businesses of tech real estate Finance or faking it on social media the billionaires I was lucky enough to interview or work for are breaking the mold by thriving in industries that many would consider well boring from basement construction to shipping inventory they’re proving that you don’t need to be in Silicon Valley or Wall Street to Rak in the big bucks or even in America one of the most interesting billionaires I’ve talked to is Larry janeski he is a true bluecolor billionaire that’s what his words not mine building an empire around the basement construction repair and Improvement business Larry even made a compelling case when he stated people that did well before then okay so Tech isn’t the only way to make money okay you know you go to the store you buy groceries you go to a mall and you have all this retail but you know the cool thing is about working with your hands is that you can never re replaced by AI Amazon’s not going to take over your job is not going to be offshor to India or anywhere else right nobody can go in to a a homeowner and fix their basement you know from Amazon or from India or no robot is ever going to fix a crawl spase damn this this really hit me when he said it cuz I grew up on Silicon Valley I work directly for Zuckerberg you know I helped run appa.com what I’ve seen through Larry janeski has said as well as through this YouTube channel is that there’s so many ways of getting rich and I love that he is showing that think about things that no one else is really competitive in there’s a lot of competition in this Tech world and YouTube and creation stuff but it’s really hard to be replaced and there’s a lot of opportunity with the handson stuff billionaires Like Larry James Michael and Paul have come to the realization that money is by no means the goal but rather the tool they are most skilled at using to build the life they now lead they act in spend with a clear sense of intention rarely compromising what they want for what they think people want them to have or look like or own or anything they are true to themselves more so than most entrepreneurs these days and I think it’s because the journey to 10 figures in net worth is anything but superficial and they have learned more along their way to billionaire status about themselves than anything else the fourth lesson from these 10-figure Titans is that Billionaire’s attitude towards money never changes the way billionaires treat money is instinctual it is not part of a strategy it’s part of their personality which is why even though billionaires have more money than you and me can imagine concept of overpaying and frugality still exists this is not because they want to save money it’s because more than anyone on the scale of wealth they respect and understand money to an extreme depth here’s straight from the mouth of a billionaire who led us on his private jet with money comes great responsibility or you could just do whatever the hell you want many of us assume people with billions come from the freedom to do whatever the hell they want but it’s quite the opposite in many cases the sheer amount of power that a billion dollar comes with let alone two three four billions is amazingly Earth shaking and because they’re aware of the responsibility that comes with so much wealth they are forever aware when something is overpriced and get pissed off when they are asked to overpay man there’s sometimes I buy something and they charge you a price that’s so extreme and outrageous you’re like it’s insult in it’s like somebody slapped you across the face the superpower of a billionaire is their fluency in the language of money they know what it is and what its purpose is more profoundly than any of us and for that reason they will not overpay for anything clothes cars planes or even steak I go to a restaurant now I get a steak every single steak it’s not 60 bucks now it better be a damn good steak for 60 bucks cuz in my opinion people don’t make steaks very good anymore if a $60 steak is over price for a billionaire what are we doing even for myself last week I got eight photos at Walgreens it was $80 I was like no way I’m going to buy a printer and do it at home the point being is being mindful of the money and it is very hard for them to earn it and you can treat it just the same recently someone asked me for why I don’t fly private everywhere well in first class I can literally fly to the same place for $220,000 less and like a Billionaire’s brain I don’t just see $20,000 I see 20,000 moments of the work and the sweat and the frustration and the happiness and the challenges that help me earn every single fing dollar and it’s that mindset I carry with me no matter how high my own net worth reaches and going a level deeper on this the concept of overpaying applies to the way billionaires connect their time and happiness to money James from the private jet he was really clear about this when he talked about turning down $100,000 from the military to resign so I realized very quickly that was the value of my happiness they would have offered me a $100,000 reenlistment bonus to stay in wasn’t worth my happiness when I realized that I put a value on my happiness and it had a dollar number I was like okay that’s the number what James is really saying and what I heard there and that’s exciting to me is how do we start betting on ourselves so about what we’re worth it’s about us deciding what we’re worth and taking action around that and it doesn’t matter if you’re just starting out if you’re a millionaire or a billionaire it’s that how do I keep betting on myself and betting on myself and betting on myself and feeling confident in the actions that I’m doing by the way getting fired I’ve been fired twice and it was empowering to realize all right I have to make my own decisions I have to be responsible for myself I have to start betting on myself getting fired from XL Energy because I I demanded that I be paid what I was worth I demanded I actually get paid for doing somebody else’s job which I was doing I was doing the job of three people and I wanted to paid maybe 5% more so I was fired for that and that gave me the initiative and the drive to be like I’m going to show these people how this is done wow what he’s saying is like how do we figure out to know what we are Worth right if you think about a job a lot of times you’re saying I’m giving up my life for this amount of money and is it worth it so as you start doing more things as you get a little older as you get a little more success under your belt you will start thinking about how do I decide what I’m actually worth so that I can start saying no to more things and focus on the things that I feel worthy about the reality is that billionaires like James can see straight through the inflated prices and unnecessary markups yet people with a fraction of their Big B net worth consistently pay dou or triple what fiscal logic says it’s worth billionaires need to respect money they need to protect money and they will do it at all levels whether is buying an entire company or ordering a stake they value $1 just as much as $999 million they’ve made millions and billions so they can use it not to lose it the mindset and attitude of billionaires towards money it never changes in the fifth lesson I learned billionaires make 10 figures doing just one thing Larry janeski just basement they do over $600 million a year in Revenue that’s amazing John Paul deoria Just Hair Care he’s got over a $3 billion net worth Michael hudner who we’ve been talking about just ships and he’s done over a billion dollars in shipping transactions Paul orilia who we’ve had on the show just Kinkos 2.4 billion company sale Mark Zuckerberg who I’ve worked for he’s worth $150 billion just he came up with Facebook and he even copied it now what do all these people have in common it’s not luck it’s not chance it’s one thing they literally do one thing billionaires are not Jack of all trades me Amigos they’re masters of one so why are we all doing it differently and that goes against what a lot of aspiring billionaires try to do when they first start out in their business we’ve been taught we’ve been tricked maybe to diversify to spread ourselves strategically across various Ventures invest here invest here but let me tell you the real magic happens when you go all in on that one thing that’s working and here’s the catch making that one thing equal 10 figures is not a Sprint this is where the sexiness happens we always fixate on these billionaires that did get rich but not how long they were added it none of these Titans of Industry achiev billionaire status overnight not one it literally took Decades of dedication so for yourself when you’ve gotten started give yourself props give yourself love that you are sticking with these things over very long periods of time time is the ultimate currency on the road to billions time and success compounds directly and exponentially you can’t microwave your way to billions even though you all know I love using the microwave this isn’t instant noodle success story even though the guy who created stat might be a billionaire the reality is it is hard to fail at something when you dedicate 5 plus years not to even mention 10 to 20 years of dedication to your craft but now you have the first lesson to get you closer to solving the billionaire equation one thing equals 10 figures the sixth and final lesson from billionaires to me to you is that billionaires they pay the price there is a price to be paid if you want this level of wealth straight up and billionaires have paid in full they have told me how deep that cost can cut when I snuck on a James private jet to ask him about his journey to billionaire status he opened up about what what he sacrificed to do I guess I was wondering for you do you ever regret working so much like was it worth it like all the work and every all the sacrifice it placed a heavy toll on my family life and whenever I my my first marriage fell apart what I was left with is that I have three beautiful children in my time my was my family was the most important thing in the world to me way more important than anybody after my my divorce I dealing everything away because I can always make F but I can’t give back time before people yeah damn that is powerful you can’t get back to time but you can always make more money since I was able to get on james’ priv jet which was very generous of him I’ve thought about that a lot which is how are you present for the things that really matter in your life and then if you look in your deathbed and if you look in the cemetery how much are you thinking about your real estate or your crypto portfolio or your income you’re you’re more thinking about your family your friends who you are as a person and I love that he was able to share that for us now while we’re alive so we can start being mindful love yes it’s good to make money yes it’s good to be aggressive yes it’s good to go after what you want but also not sacrificing everything along the way cuz just to keep chasing forever you know I don’t think you’ll ever find satisfaction I don’t think you’ll ever find contentment and so at different points yes it’s good to go after the money but being mindful to take a step back and say hey what’s really important right now and am I having the balance that I actually want and will I regret it now I think it’s easy for us to idolize these life of billionaires because all we can see from the outside is everything the planes the cars the Yachts the girls the traveling the items the things but we forget that that these Ultra successful and wealthy people are still made from the same flesh they use a toilet just like you and me do probably really nice ones but they’re still using it now I’m super thankful for people like James who’ve opened up about what he sacrificed on his way to wealth because it is shows that nothing comes without a cost and every cost is usually in proportion to its reward and a billion dollars is no small reward Michael hudner the shipping magnet also opened up about the loss of his son on his road to wealth that’s why I made my comments about the money culture especially for kids I mean it’s tough on them I mean I see the kids today they all think they should have what their parents have and their parents might have spent a generation working for it not start true of everybody some people are born with it that wasn’t my case it’s important to to live a full life and a good life and it’s its own reward and I think that um I’m not naive about it I said when we spoke the first time I said you know it’s everybody it’s it’s nice to have some money in your pocket I get that totally I totally totally get that but you but you can’t destroy yourself for it you know in your 20s and you you want to have money I don’t want to say hey don’t go hard don’t go after it cuz that that’s what I did like it was a very tough challenging time and now as I moveing in my 40s I’m like oh I’m so glad that I was I worked my ass off to try to find out who I am who I could become try to get these businesses working and now I am enjoying all that that momentum and things that I put in my 20s I like one of the lines you said it’s that you know they think they should have what their parents have but their parents spent a generation working and that’s very true it’s not worth just destroying yourself for entrepreneurship is not just about how to get rich entrepreneurship is about how do you create your own dream life and the coolest part about it which I think is amazing is not this hustle culture yes work all the time and sacrifice your family sacrifice all your things that matter outside of work it’s about finding the right path for you at the end of the day billionaires bleed just like you and me and if you let the price tag on your life be your net worth it is going to be a painful ride to billionaire status and if I’m being completely honest I don’t have any interest in paying that price I don’t think the sacrifice required is worth it to me the question is why sacrifice more if you can have an amazing life for me even as a multi-millionaire I get an awesome life and the good news as anyone can have this type of life just as well if you apply all of these six billionaire lessons to your own life there’s no reason you and I won’t sit across from each other one day in a future billionaire interview of mine I look forward to that the eligibility to become a billionaire is everyone you included we just have to pay the price every billionaire I interviewed in this video was a normal person before they came obsessed with a problem and possessed by their drive to sell a product or service that was a solution to a very big billion dollar trillion doll problem and I’m not done learning from billionaires as long as this channel exists I’ll open up the worlds and minds of the people who have cracked the code to entrepreneurship and unlocked enormous amounts of wealth so if you want to learn from the more billionair make sure to like subscribe and watch the full length interview of all the billionaires mentioned in this video link below in the description Uncle Noah loves you and I’ll see you out there pew pew

Welcome to @BigMoneyInvesting3529 – Your Ultimate Destination for In The Money Facts!

🌴 Discover the Big Money Investing Strategies on Metals and Real estate Investing. 🌊

Experience the world of finance with @BigMoneyInvesting3529

We bring you the latest and greatest from Big Money Investors, showcasing the why’s, how to’s and best steps.

Whether you’re planning a short of long term investment, preparing is the first step and most important one.

The Big Money Investing channel is a great go-to source for your investing advice.

🔥 What You Can Expect:

Exclusive Financial and Big Money Investing How-To’s
Big Money Financial Traits: Learn how to mix and match your perfect investment portfolio to match the planned out time horizons.
Financial Learning Is A Lifestyle Change: Stay financially fabulous with our expert investing tips, real estate pratices, and healthy lifestyle advice.
Behind-the-Scenes: Get a sneak peek into how the Big Money Investors spend some of that return, from photoshoots, to interviews with the experts.

👙 Why Subscribe to @BigMoneyInvesting3529?

Stay Updated: Be the first to know about new investment ideas and most importantly what not to be part of in todays age.
Inspired Goals Lend Motivation: Get inspired by our Big Money Investors vibrant and diverse lifestyles, a perfect view at times.
Engaging Community: Join a community of financial enthusiasts and wealth producers that love to share their passion for life with others.

🔔 Subscribe Now: Hit the subscribe button and turn on notifications so you never miss an update from @BigMoneyInvesting3529!

Join us on this fabulous journey and transform your financial situation with the latest trends and tips from Big Money Investing.

Thank you for being a part of our amazing community.

We can’t wait to see you shine finanically!

🔗 Subscribe here!

#BigMoneyInvesting #big #money #investing #lifestyle #investors

Support Big Money Investing Sponsors

Hot
-28%

Book Sets, Books, How Big Money Investors Think About Money, How To Think Like A Big Money Millionaire
Big Money Financial Investment Management Book Set

0 out of 5

$85.44 – $177.66

Select options This product has multiple variants. The options may be chosen on the product page
Quick View
Hot
-29%

Books, How To Think Like A Big Money Millionaire, Top Level Communication Skills
How to Talk to Anyone by Leil Lowndes 92 Little Tricks for Big Success in Relationships

0 out of 5

Original price was: $18.24.Current price is: $12.89.

Select options This product has multiple variants. The options may be chosen on the product page
Quick View
-33%

Books, How To Think Like A Big Money Millionaire
Poor Economics By Abhijit V.Banerjee

0 out of 5

Original price was: $18.09.Current price is: $12.14.

Add to cart
Quick View
Hot
-28%

Book Sets, Books, How Big Money Investors Think About Money, How To Think Like A Big Money Millionaire, Spiritual, Wealth Creation
7 Book Set – Master Your Time – Master Your Beliefs – Master Your Destiny – Master Your Thinking – Master Your Emotions – Master Your Motivation – Master Your Focus By Thibaut Meurisse

0 out of 5

Original price was: $93.43.Current price is: $67.33.

Add to cart
Quick View