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Are you an aspiring billionaire? You better read this.

Are you an aspiring billionaire? You better read this.

Do you want to become a billionaire? Then quit your job and forget your own path. That’s the advice of the second annual Billionaire Census.

According to the census, “Entrepreneurialism and private wealth are key to becoming a billionaire.”

There’s no mention of a lifetime of frugality, 401K, nor working the way up the corporate ladder.

If you didn’t already have the motivation to quit your job and pursue that idea that’s been rattling around in your head, you might have it after reading the report (or watching the video about it).

The census, conducted by Singapore-based ultra high net worth firm Wealth X, reveals that 81 percent of the world’s billionaires made the majority of their fortunes themselves.

Broken down further, it’s seen that 55 percent made all their wealth themselves, and 26 percent inherited a portion of their wealth and converted it into billions.

The other biologically blessed 19 percent of billionaires inherited their entire fortune (You’re the best, mom and dad!).

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    One-hundred and fifty five folks joined the illustrious billionaire ranks over the past year, swelling numbers to 2,325.

    Wealth X predicts that by 2020 there will be 3,873.

    So get crackin’, that’s 1,548 spots waiting to be filled!

    Like a mirror of an Olympic medals table, the USA sits atop the list of billionaires with 571, well clear of China in second place.

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      The census comes with no specific directives about which industry to deploy your plan in to reach that elusive billion.

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      It suggests that there are billions to be made in most areas; though there is a predisposition for the finance, banking and investment industries.

      What is clear is that working for “The Man” for a lifetime is almost guaranteed not to reward you with billionaire-scale riches.

      It shows that entrepreneurial grinding and hustling is the best road to a billion dollars. A little startup cash doesn’t go astray, either, as 26% of billionaires will attest.

      Combined, the world’s billionaires are worth $7.3 trillion. The top four are each worth more than $50 billion.

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        That’s a hell of a lot of money even they couldn’t afford to complete construction of the Death Star.

        On average, the members of the Billionaire’s Club keep $600 million of their assets in cash. You know, just in case.

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        Shaking the newfound perception of youthful tech billionaires, the census shows the average age of billionaires is 63, and it typically took around 45 years for each of them to reach a billion dollars.

        So don’t be so down on yourself if you’ve reached 30 without making your first billion.

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          A college degree isn’t mandatory to reach the billionaire level, according to the census, but it does help.

          Thirty-five percent have no degree, compared to 65% who completed their studies.

          Just over one-fifth of the world’s billionaires hold an MBA.

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            The University of Pennsylvania (Go Quakers!) is responsible for the most billionaires, making their founder Benjamin Franklin proud and further justifying his place on the $100 bill, by churning out 25 billionaires.

            The super wealthy have a tendency to give, on average they each donate $100 million to charity over the course of their lifetime.

            A billion dollars is a long way off for most entrepreneurs, especially those starting out.

            It is a goal that sneakily creeps into the mind of any budding business owner. But be careful not to become to enamoured with this distant monetary halo.

            Focus on providing value now, that can bring the fortunes later.

            Alternatively, if you’re not planning to start your own business and don’t have any billionaire relatives nearing the end, there’s always the, ahem, “other” way to make yourself a billion: 3.1 percent of billionaires are single.

            Check out the full report here: http://www.billionairecensus.com/home.php

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            Last Updated on August 15, 2018

            30 Fun Things You Can Do This Summer Without Spending Much

            30 Fun Things You Can Do This Summer Without Spending Much

            Summertime can be a real strain on your wallet. The sun is out, there are people to see, places to be; it’s no wonder you might be short of funds during these sunny months. Not everything has to cost you an arm and a leg.

            Take some time to go through this list of 20 cheap summer activities and make some realistic goals to complete as many as you can.

            Video Summary

            1. Visit a strawberry festival

            Summer is prime time for tasting strawberries. More often than not, an area that grows strawberries will have a strawberry festival. Indulge yourself in strawberry pies, jams, cakes and more!

            2. Have a picnic

            Take your partner or your family to the local park and enjoy a relaxing picnic. Designate each person to bring one food item of their choice to add to the fun.

            3. Camp in your back yard

              The summer heat can sometimes make it hard to sleep. Why not enjoy the heat outside in the yard? Pitch a tent or gaze into the night sky.

              4. Take long walks

              Discover something new where you live. Take the afternoon off from your chores and go for a long walk. You may be surprised by what you discover.

              5. Break a world record

              Breaking a world record doesn’t have to be time-consuming. You could even break one on your lunch hour. Give it a go!

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              6. Go on a bike ride

              The number of bike paths on roads in big cities has increased dramatically over the years. Take advantage, and enjoy the summer breeze.

              7. Join a gym class

                The gym is not everyone’s idea of a good time, but why not go with a friend a join a class? Spinning, yoga and step classes are always more fun with friends, and a lot of gyms allow you to pay-as-you-go.

                8. Find a new hobby

                The summer is the perfect time to find a new hobby. Serotonin (our body’s natural “happy” hormone) is produced by the sunshine and will be at a yearly high, which is great for when we want to tackle something new.

                9. Join a sports team

                Not all sports teams are competitive and require huge amounts of your time. Join in the fun with like-minded people, get fit, stay healthy and make some friends along the way.

                10. Make a slip ‘n slide

                  Gather your friends, some plastic sheeting, a hose, washing up liquid if desired, and make a huge slip ‘n slide just like these guys. Granted, yours won’t be as big, but you get the idea… it’s fun!

                  11. Make a treasure hunt for your kids

                  Today’s digital world sees our children more often than not playing inside than outside. Why not create a sense of adventure by making a treasure hunt? Only rule? It has to be outside.

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                  12. Visit a free festival

                  Towns and cities are awash with free festivals, with themes from film to science. Scout your local area and discover something new.

                  13. Visit the zoo

                    Let’s face it: we love animals. While browsing news websites and social media networks you’re bound to come across a few pictures of cats. Take a trip to your local zoo for a better experience.

                    14. Take a road trip

                    Enjoy the open road with a few friends and take a road trip somewhere–anywhere. Just go out and enjoy the sunshine!

                    15. Play ultimate frisbee in the park

                      Frisbee is always great fun down the park, but why not turn it into more of a competitive sport by playing ultimate frisbee?

                      16. Make your own ice cream

                      Ice cream is a very versatile dessert. Make a sandwich, enjoy a cone, or simply just enjoy a bowl full. Better yet, making your own ice cream allows you to create any flavor you want.

                      17. Invite your neighbors over for a BBQ

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                        When was the last time you invited your neighbors over? Do you even know them? Now’s your chance. Just ask each person to bring a food item so costs don’t mount up for you.

                        18. Get a summer job

                        For many students, summer is the time for relaxation and fun. But who said earning money and being productive isn’t fun? You only get out what you put into a situation.

                        19. Attend a charity event

                        Attending a charity event is a great way to raise funds and awareness for a cause, meet new people, and generally have a good time. Search for your local charity event today.

                        20. Visit a national park

                        National parks are a great way to explore nature and learn something new. You could even volunteer and make a difference in helping restore natural habitats.

                        21. Visit your local comedy club

                          Local comedy clubs are extremely underrated. They are cheap to attend and no doubt you’ll have a barrel of laughs.

                          22. Make your own hammock

                            Hammocks are very relaxing, are perfect for summer afternoons and are surprisingly easy to make.

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                            23. Read in your new hammock

                            Now you have your very own hammock, the only thing left to do is enjoy it. Grab your favorite book and read to your heart’s content.

                            24. Watch a movie outside

                            Movies are great. Relaxing outside in the evening is great. Put them together and you’ve got a perfect combination. In D.C, Maryland and Virginia this summer, for example, you can enjoy a huge number of movies outside.

                            25. Take a hike

                              Hikes are a great way to keep fit and see more of Mother Nature. There are countless trails available for you to explore. Why not try some this summer?

                              26. Learn how to fly a kite

                              As a child, you probably had a kite and haven’t touched it since. Why not dust it off and attempt to fly it? It’s tricky, but well worth the challenge.

                              27. Work out at the park

                              American cities are full of parks with ample space for a work out session. No doubt you’ll be happier to work out in the sun rather than a crowded gym.

                              28. Take your dog to the beach

                                One of the many joys of owning a dog is taking him or her for long walks during the summertime. This joy is enhanced when visiting the beach, for both you and your dog.

                                29. Make a summer smoothie

                                Healthy, delicious and perfect for the summer. Not only that, there are countless recipes ready for you to try.

                                30. Attend a free yoga session at the beach

                                No experience needed and all skill levels are welcome. Take yourself and a buddy down to the beach and try some yoga. You’ve got nothing to lose!

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