7 Spending Tips From Billionaires of the World

The world's billionaires as they are literally having all what they want, can buy anything, having more money than they can possibly spend and yet some are still living frugally, well below their means, and save money for another investment in the future. Anyone can partake in these seven spending tips from frugal billionaires: Non-billionaires

Here are the seven spending tips from frugal billionaires, anyone can partake in these tips especially the non-billionaires:

1. Keep Your Home Simple

2. Use Self-Powered or Public Transportation

3. Buy Your Clothes off the Rack

4. Keep your Scissors Sharp

5. Drive a Regular Car

6. Skip Luxury Items

7. Learn from the billionaires itself

Source: Yahoo

This is pretty touching that even billionaires themselves live frugally, chosen to avoid some unnecessary spending.  

Lessons from College Entreprenuer to Billion-Dollar Companies.

These are all about the businesses that started in college and became billion-dollar companies. There are many things to learn from the Zuckerbergs, Dells and Gateses. 

Here are four of those lessons:

1. Find a Need and Fill It

This is the most basic of advice for starting a business; either find something that doesn't exist but would improve the lives of those around you, or find an already available product and make it better and cheaper. Mark Zuckerberg is probably the most famous and richest 26-year old on the planet right now, and he did exactly this when creating Facebook.

Zuckerberg was an undergrad at Harvard in 2004, taking computer science (go figure), and had been programming since he was in his teens. At Zuckerberg's old school there had been a registry of students and their photos published every year, but not at Harvard. So Zuckerberg set out to change that, but after his initial hacking into Harvard's server to retrieve the information needed to make a kind of "hot or not" Harvard page, he was shut down and had to go a different route. This gave rise to thefacebook.com and later, after he and his team moved to California, facebook.com.

There have certainly been problems and issues along the way, but what started as a desire to give everyone access to Harvard student photos has made Zuckerberg a billionaire. Facebook is expected to reach one billion accounts in the near future.

2. Think Outside of School

Michael Dell regularly ranks among the richest men in the world as the founder and CEO of Dell computers. Dell actually started this company while he was still in college doing his pre-med courses. Even as a teenager, Dell was interested in computers and finding out how electronics work, and while he was at college, he turned this into a part-time job. Dell started upgrading computers from a room in residence and eventually started operating as "PCs Limited" out of a condo, selling upgraded PCs via direct order. This eventually became Dell computers, which dominated the PC world during the 1990s and mid-2000s.

The company is not quite as dominant a PC force right now, but having started it as a hobby while pursuing an entirely different goal, Dell has certainly made his mark on the computer world.

3. Use Your School Projects for Larger Goals

When you're in college, it's best to try and focus your studies in a way that interests you and will work out in your favor once you're done school. So don't write a 2,000 word paper on Chapter 57 from "Moby Dick" unless you truly find it interesting or want to teach this Melville classic in the future; make your studies work for you.

This is what Larry Page and Sergey Brin did when they were both pursuing their PhDs at Stanford in computer science. They were working on a research project that would create a search engine that would analyze the relationship between websites, and Google was born. The idea of Google comes from Brin's and Page's idea that information should be accessible and universal, and they're making this a reality through a project started at Stanford.

4. Don't Let School Get in the Way

Bill Gates didn't let school get in the way of creating something that would both help the world and make him a multibillionaire. After scoring a mere 1590 out of 1600 on the SATs, Gates enrolled at Harvard with the hope of studying law, and after seeing one the first mass-consumed micro computers, the Altair 8800, Gates and his former classmate Paul Allen approached the maker of the computer to let them know they had written a programming language for the computer. After the maker of the computer, MITS, accepted the offer, Gates left Harvard to pursue his dream, never to return. Shortly after this, Microsoft was formed.

Gates used the college's computer labs to work towards his real passion, and when that passion paid off, he realized that college wasn't for him. Zuckerberg also left Harvard and hasn't returned.
Source: Yahoo


Character information.
Mark Zuckerberg is an American entrepreneur and co-founder of the popular social networking site Facebook.
Michael Dell is an American businessman and the founder of Dell Inc..
Larry Page and Sergey Brin are American computer scientists and industrialists, who founded Google Inc..
Bill Gates is an American businessman, philanthropist, author of Microsoft, a software company he founded with Paul Allen.

In summary we need to focus on our passions in life and be guided by what we learned from schooling and our mentors as well and pursue our dream.  Dream big. Get larger goals. Focus. And take action.

Warren Buffet's Best Advice Received

Warren Buffet's best advice has nothing to do with money.  Is has something to do with love, family and passion.  I am just amazed with this successful man, a billionaire who lead by example and teaching the young generations to do the same and to give back to the society.

The power of unconditional love. I mean, there is no power on earth like unconditional love. And I think that if you offered that to your child, I mean, you’re 90 percent of the way home. There may be days when you don’t feel like it - it’s not uncritical love; that’s a different animal - but to know you can always come back, that is huge in life. That takes you a long, long way. And I would say that every parent out there that can extend that to their child at an early age, it’s going to make for a better human being.
 Warren Buffet is giving away almost all of his wealth to charity.  This is very amazing.  Challenging all the people out there to share their wealth also, Warren Buffet takes the lead by example. 

Watch Warren Buffet with his best advice to this generation.
Go here!

Warren Buffet's Best Advice Received

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2010 Philippines Richest Man_Richest Filipinos

Henry Sy Sr., whose wealth was primarily fueled by the success of SM shopping malls, is the richest mast in the Philippines for the second year in a row, according to Forbes magazine’s survey on the 40 richest Filipinos for 2010.

The mall mogul’s net worth rose to $5 billion in the Forbes 2010 survey from $3.8 billion a year earlier.

Sy ranks 201st in the 2010 list of 1,011 billionaires of the world, that according to Forbes dropped from 1,125 in 2008.

The 85-year-old patriarch of the Sy family made $8 million more in terms of net worth since Forbes came up with World's Billionaires list in March 2010.

Lucio Tan, owner of Philippine National Bank, Asia Brewery, Tanduay Holdings, Fortune Tobacco and Philippine Airlines Inc. ranked second with a net worth of $2.1billion, up by $4 million from the magazine’s 2009 list.

In third spot is first time billionaire John Gokongwei Jr. whose net worth of $1.5billion in the 2010 survey more than doubled over his 2009 net worth of $720 million. The 83-year-old Gokongwei holds interests in telecom, financial services, petrochemicals, power, and hog farming.

Jaime Zobel de Ayala is the fourth richest man in the Philippines, with a net worth that rose to $1.4 billion from $1.2billion.

The CEO of Ayala Land Inc. was knocked over the third place by Gokongwei.

In fifth place is Andrew Tan of Alliance Global Group. The entrepreneur has a net worth of $1.2billion from $850 million.

Restaurant chain magnate Tony Tan Caktiong, who owns 1,500 Jollibee stores in the Philippines and abroad, ranks sixth with a net worth of $980 million.

The seventh richest man is Enrique Razon Jr. with $975million. His International Container Terminal Services Inc. operates in nine countries, including China, Ecuador, and Philippines.

Beatrice Campos, one of three women who made it to the Forbes list of richest Filipinos, has $840 million to occupy the eight place.

Her year-on-year net worth grew by more than 50 percent or $430 million.

George Ty, the financial tycoon, ranks ninth $805 million.

The founder of Metropolitan Bank and Trust Co. earned $290million since the list was made a year earlier.

Wrapping up the 10 wealthiest Filipinos is Eduardo Cojuanco Jr., whose net worth grew by $100 million to $760million.

Source: Yahoo News

There must be a secret in their lifestyles.  What is it?  Some of them are from rugs to riches.  You have to know their secrets in money handling, their investment secrets, money management, property management and their life's perspective.
They are the ones who take risks.  Some says, the winners are those risk takers.  The most successful people are the one's who fail and never give up.  They are the ones who applied the principle: Ready, Fire, and Aim.

Now its your time to get Ready and Fire Immediately and then Aim, Aim and Aim.

Billionaires want other billionaires to donate more to charity

Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett are launching a campaign to get other American billionaires to give at least half their wealth to charity.

Patty Stonesifer, former CEO of the Bill & Melinda Gates Foundation, told The Associated Press on Wednesday that Gates and Buffett have been campaigning for the past year to get others to donate the bulk of their wealth.

The friends and philanthropic colleagues are asking people to pledge to donate either during their lifetime or at the time of their death.

The handful of billionaires approached so far have embraced the campaign, said Stonesifer, a close friend of Gates who offered to speak about the effort. Four wealthy couples have already announced their pledges, including Los Angeles philanthropists Eli and Edythe Broad, Gerry and Marguerite Lenfest of Philadelphia, John and Ann Doerr of Menlo Park, California, and John and Tasha Mortgridge of San Jose, California.

Gates and Buffett are calling their campaign The Giving Pledge. Buffett, chairman and CEO of Berkshire Hathaway Inc., said in a letter introducing the concept that he couldn't be happier with his decision in 2006 to give 99 percent of his roughly $46 billion fortune to charity.

Buffett's plan will eventually split most of his shares of his Omaha, Nebraska, company between five charitable foundations, with the largest chunk going to the Gates Foundation.

Besides Buffett's pledge to the foundation, he also plans to give Class B Berkshire shares to the Susan Thompson Buffett Foundation, which he and his late first wife started, and the three foundations run by his three children.

Buffett said in 2006 that his other 73,332 Class A shares of Berkshire stock, worth about $8 billion, would also go to philanthropy, but he didn't spell out how those shares would be distributed.

Bill and Melinda Gates have made a similar pledge through the establishment of their Seattle-based foundation.

Gates and Buffett are asking each individual or couple who make a pledge to do so publicly, with a letter explaining their decision.

"The pledge is a moral commitment to give, not a legal contract. It does not involve pooling money or supporting a particular set of causes or organizations," they explain in a written statement about the project.

Source: http://www.csmonitor.com/From-the-news-wires/2010/0616/Billionaires-Bill-Gates-Warren-Buffett-want-other-billionaires-to-donate-more-to-charity

This is great!  Truly rich people are the most generous.  This is gonna be a proof that the rich are not selfish.  They are the ones who has helped the many. This for me is a good example to everyone and a challenge also to share and not to count the cost.  Happiness can be found in giving charity works.  They are the truly rich people in our time.

#20 Top 20 Billionaires in the World

David Thomson and Family

Net Worth: $19 billion

Source: Thomson Reuters

Residence: Canada

• Chairman of Thomson Reuters knocks longtime rival Michael Bloomberg out of top 20.

• Firm acquired financial commentary site Breakingviews in December.

• Grandfather Roy founded the media group in 1934.

• With brother Peter, serves as cochair of family's investment concern, Woodbridge.

• Also owns CTVglobemedia; multimedia outfit's holdings include Canada's national newspaper, The Globe and Mail, and dozens of TV channels and radio stations.

Source: http://finance.yahoo.com/career-work/article/109046/worlds-billionaires-2010

#19 Top 20 Billionaires in the World

Prince Alwaleed bin Talal Alsaud

Net Worth: $19.4 billion

Source: Diversified

Residence: Saudi Arabia

• Net worth of globe-trotting investor and nephew of the Saudi king is up $6.1 billion in the past year.

• Two-thirds of his fortune is held in his 95% stake in Saudi-listed investment vehicle, Kingdom Holding.

• In the five weeks leading up to Forbes' stock valuation date, Kingdom shares jumped 49%.

• Alwaleed and Kingdom Holding together own a 3.5% stake in Citigroup. As the bank's largest individual investor, he has been vocal in his support of its chief executive Vikram Pandit.

• Kingdom Holding also has large holdings in the Four Seasons and Fairmont hotel management chains.

• In late February News Corp. purchased a 9% stake in Alwaleed's Arab media and entertainment company Rotana, valuing the company at $770 million.

• His palaces and real estate are worth more than $3 billion.

• Owns jewelry collection he values at $730 million, plus four airplanes, including an Airbus A380.

Source: http://finance.yahoo.com/career-work/article/109029/worlds-billionaires-2010