Self-Made Billionaire Paths From Zero to Billionaire
10:31 PM Posted by Unknown
Today I came across this blog post with infographics.
How many of the world’s top 73 self-made billionaires were in a worse situation than you when they started? Let me go straight to the point, is it possible for most of us to go from zero to billionaire? Yes. This is how.
If you were to guess whether world’s top 100 richest people got their money from someone else or made money themselves – you would be right to guess that most of them made their own money. But you might think that even the self-made had advantages you don’t have.
From Zero to Billionaires, Almost?
After all, Mark Zuckerberg’s father is a dentist. Maybe it did not help him become a billionaire. After all a dentist couldn’t be much help with hacking. But you also might think that having a dentist dad makes it easier to not worry about what you are going to eat tomorrow.
There is no denying that Sergey Brin is a self-made man, but you might think that his father and grandfather, both mathematicians, had something to do with him studying math in the first place.
So if your father is a cab driver or if you have no father at all, is it still possible to become a billionaire? Apparently, it is. Researching the top 100 richest people in the world, all of whom are billionaires of course, we found 8 that were from absolute humble backgrounds. In fact even worse than the average. On top of that, they never got a college degree.
(Roman Abramovich, Russian billionaire and owner of football club Chelsea would be number 9 on the list, but he got a correspondence degree in law later in life. So technically he does have a degree. But otherwise he was poor, an orphan and qualified.)
Source: Funders & Founders
The First 20 Hours - How to Learn Anything: Josh Kaufman
4:01 PM Posted by Unknown
Forget the "10,000 hour rule"
what if it’s possible to learn any new skill in 20 hours or less?
In The First 20 Hours video, Josh Kaufman offers a systematic approach to rapid skill acquisition: how to learn any new skill as quickly as possible. His method shows you how to deconstruct complex skills, maximize productive practice, and remove common learning barriers. By completing just 20 hours of focused, deliberate practice you'll go from knowing absolutely nothing to performing noticeably well.1. What do you want to learn?
Just to reinforce the purpose of this post, that you can acquire and master skill quickly, I'll add what Tim Ferriss has said too below.
2. What do you want to start to learn today?
Smart failure for a fast changing world - Why you will fail to have a great career
8:11 PM Posted by Unknown
Larry Smith - Why you will fail to have a great career
Eddie Obeng: Smart failure for a fast-changing world
What If Money Was No Object...?
9:37 PM Posted by Unknown
So I always ask the question:
"What would you like to do if money were no object?"
"How would you really enjoy spending your life?"
Well it's so amazing as the result of our kind of educational system, crowds of students say "Well, we'd like to be painters, we'd like to be poets, we'd like to be writers... but as everybody knows you can't earn any money that way."
Another person says "Well I'd like to live an out-of-door's life and ride horses." I said "You wanna teach in a riding school?"
Let's go through with it. What do YOU want to do?
When we finally got down to something which the individual says he really wants to do I will say to him...
"You do that! And forget the money!"
Because if you say that getting the money is the most important thing you will spend your life completely wasting your time. You'll be doing things you don't like doing in order to go on living - that is to go on doing things you don't like doing! Which is stupid!
Better to have a short life that is full of what you like doing, than a long life spent in a miserable way.
And after all, if you do really like what you are doing - it doesn't really matter what it is - you can eventually become a master of it.
The only way of becoming the master of something, to be really with it. And then you will be able to get a good fee for whatever it is.
So don't worry too much, somebody is interested in everything. Anything you can be interested in, you'll find others who are.
But it's absolutely stupid to spend your time doing things you don't like in order to go on spending things you don't like, doing things you don't like and to teach your children to follow in the same track.
See, what we are doing is we are bringing up children and educating them to live the same sort of lives we are living. In order that they may justify themselves and find satisfaction in life by bringing up their children to bring up their children to do the same thing.
So it's all 'retch and no vomit' - it never gets there!
And so therefore it's so important to consider this question:
"What do I desire?"
- Alan Watts
Another person says "Well I'd like to live an out-of-door's life and ride horses." I said "You wanna teach in a riding school?"
Let's go through with it. What do YOU want to do?
When we finally got down to something which the individual says he really wants to do I will say to him...
"You do that! And forget the money!"
Because if you say that getting the money is the most important thing you will spend your life completely wasting your time. You'll be doing things you don't like doing in order to go on living - that is to go on doing things you don't like doing! Which is stupid!
Better to have a short life that is full of what you like doing, than a long life spent in a miserable way.
And after all, if you do really like what you are doing - it doesn't really matter what it is - you can eventually become a master of it.
The only way of becoming the master of something, to be really with it. And then you will be able to get a good fee for whatever it is.
So don't worry too much, somebody is interested in everything. Anything you can be interested in, you'll find others who are.
But it's absolutely stupid to spend your time doing things you don't like in order to go on spending things you don't like, doing things you don't like and to teach your children to follow in the same track.
See, what we are doing is we are bringing up children and educating them to live the same sort of lives we are living. In order that they may justify themselves and find satisfaction in life by bringing up their children to bring up their children to do the same thing.
So it's all 'retch and no vomit' - it never gets there!
And so therefore it's so important to consider this question:
"What do I desire?"
- Alan Watts
Advice For Angle Investing Dream
3:53 AM Posted by Unknown
Different Advice:Perhaps the best angel investment you could make is choosing the right company to work for. The value of the options associated with a successful company will swamp the return on any angel investment you’re likely to make, even if you do happen to have a success. ~ ANDY RACHLEFF
(excerpt from his TechCrunch article http://tcrn.ch/QF9UDS)
Confession: For the past few years I've been aspiring to be an angle because i ♥ startups. Though i never had the enough dough to allocate 5-10% . But soon... soon... #fingersCrossed
ROI of Effective Dwarfs The ROI of Creative
9:49 AM Posted by Unknown
Creativity: I've been struggling with this for a long time in my entrepreneurial life. Almost always i try to be creative(or you could say ultra-creative) But in the process i sabotage myself from moving forward and executing things ASAP because i could not quench my creative thirst on projects.
Effective: knowing what i know now "creativity is over rated" so main focus (80%) will be devoted to effectiveness. I've learned the "ROI of effective" dwarfs the "ROI of creative".
I chose the latter. I rest my case. Yours Truly.
PS. At FlyingCocoon | Social Media Agency We chose ‘effective Work’ over ‘creative work’.
Effective - When the work explains what we do.
Creative - When we have to explain the work.
P.P.S Action to be effective must be directed to clearly conceived ends. ~Jawaharlal Nehru
So, Don't - Guard Yourslef
6:55 AM Posted by Unknown
Today is one of those random days, i was inspired by a quote and end up designing this. 
Entire water of the sea can’t sink a ship unless it gets inside the ship.
Similarly, negativity of the world can’t put you down unless you allow it to get inside you.
So, Don't!
New Millionaires. Are you gonna be one of them?
12:01 AM Posted by Unknown
"Ten million new millionaires will be created by 2016, and you can become one of them--especially if you are in direct selling, technology, or home-based business" - Paul Zane Pilzer, Best Selling author, Economist, and Professor
Here’s an infographic which highlights nine tech entrepreneurs who made it big pretty early.
If you have infograph for Direct-Selling and HomeBased Business please share with me via amx[at]email[dot]com
Understand your purpose to live with greater efficiency and impact.
5:29 AM Posted by Unknown
Not only this, but Storyline is an effective tool for building teams. In a short period of time, each team member can share their Storyline so others know their back story, their aspirations and dreams. A Storyline allows a person to put their life on a map so their friends, family and coworkers know where they’re headed.
If you desire clarity in life and want a better connection with those around you, Storyline is for you.
Social Media Ad Amiee Mullins
11:48 AM Posted by Unknown
Meet the new brand ambassador for L'Oréal Paris, Aimee Mullins. Vote for the her video on TED Ads Worth Spreading: http://bit.ly/TEDAimee TED Ads Worth Spreading is an initiative to recognize and reward innovation, ingenuity, and intelligence in advertising. Share with your friends and vote for Aimee and her inspiring story. Brand: L'Oréal Paris Agency: R/GA New York
The Inches We Need Are Everywhere Around Us.
9:01 PM Posted by Unknown
But the inches we need are everywhere around us. In every minute of our lives. We have to go for every inch. Because we know that when we add up those inches, that will make the difference between winning and losing. And I know that if I'm gonna have any life anymore, it's because I'm still willing to go for that inch. And that's what living is. The six inches in front of your face. Now what are you gonna do?"
Don't hold on too long, But don't let go too soon.
12:56 PM Posted by Unknown
Walk away from REAL.
12:37 AM Posted by Unknown
Be real, by walking away from what other think REAL. To know more what i mean look at what found from Seth Godin's Blog. He puts it in a better perspective.
As in, "that's not a real football team, they don't play in Division 1" or "That stock isn't traded on a real exchange" or "Your degree isn't from a real school."
Real contains all sorts of normative assumptions and implicit criticisms for those that don't qualify. Real is just one way to reject the weird.
My problem with the search for the badge of real is that it trades your goals and your happiness for someone else's.
Let Me Tell You Something You Already Know
10:56 PM Posted by Unknown
The Overlap Of Worry And Imagination.
3:40 AM Posted by Unknown
I asked this to Allen in our recent conversation; he said it profoundly: worrying lives you with worrying. But imagination lives you with joy.
And YOU? How do you draw the line that you are whether imagining or worrying at any given moment? Especially when you have performance anxiety causing big project in front of you. Of course i’ve faith in God, But i should also so work out my faith na? What do you think? I want to know your thoughts on this.
If God doesn’t change the situation, He changes us for the situation.
6:54 AM Posted by Unknown
We have fire in our hands, dreams in our hearts, and no concept of
limitation in our heads. And so we live.
We don’t have to wait to until we get burned. We can confess our limitations and the limitations of the things we have, the money we’ve earned, the stuff we’ve acquired. We can be honest and admit that a car will not make us invincible in bad weather, that a security system will not prevent a break-in, that a good investment strategy can’t guarantee retiring as a millionaire. All these things are good, and they increase the probability of your desired outcomes. But they make no absolute promises. The simple act of acknowledging that can free you from a reliance on the wrong thingsTo confess our limits, to surrender our dreams and embrace the ordinary, to hold power loosely and even turn down the chance to gain more—these are unlikely, uncommon spiritual disciplines that can help us remain God-dependent even in the midst of plenty. ~Glenn Packiam
Of late God has been dealing with me intimately and giving
me lessons that I wouldn’t learn otherwise. He was showing me, my own limitations
to myself. (Though at times I tend to believe in “All is possible”, “Unlimited
Potential” Bla bla bla) Its illusion.
Now I want to tell my blog readers few things..
- The things I was passing through in life revealed things about-me to me which is already known to GOD. The more I know my limitations; my dependency on Him grew. Often times the areas I think I’m good at got tested through circumstances and I realize i might be good at it but not that good. And that is why I need God. I found the trial of my faith as precious.
- If you think you won’t go through what other people go through. It might even make you arrogant. But when a time comes and stuffs hit you flat on your face, and bring you down on your knees. Now I understand God made me limited so that I couldn’t praise myself. Sometimes when I pray I say “God, Why did I go thought that? How come this part of my life doesn’t line up with that part of my life? Why didn’t you fix this?” The lesson for me is when I’m limited I lean on Him. When I am limited i depend on him. Because when I come out of this season He doesn’t have to be worried about me being arrogant/prideful because i know that if it has not been for the Lord I wouldn’t make it. That is why I wouldn’t look down on anybody.
- We all have to learn about dealing to delayed gratification. Slowly but surely God blesses us in His time.
When Only Love Could Make A Way
11:45 AM Posted by Unknown
You gave your life in a beautiful exchange
When only love could break these chains
You gave your life in a beautiful exchange
When only love Could make a way
You gave Your life In a beautiful exchange...
You were near, Though I was distant
Disillusioned I was lost and insecure...
Trading Your life, For my offenses
For my redemption, You carried all the blame...
Sachin’s 100th Century.
10:46 PM Posted by Unknown
If you don’t have few minuites, please don’t feel obligated
to read this long post
Sachin’s 100th Century.
Me
and my dear-friend (& Co-founder at FlyingCocoon) Joshua Chris were having
coffee at regular venue (Beyond Coffee) We get a coffee time pretty much most
of the weekdays when he isn’t in Bangalore. He loves Cricket. So i knew today’s
discussion point was somewhat important and relevant to what we’ve been going
through as partners for quite sometime. He shared an article with me that was
written few days back on yourstory.in about Sachin’s 100th century miss
and Nation’s anticipation. (Josh usually says, we don’t always get what we
want. We get only what God gives directly proportional to what we are capable
of) i’ll probably write about this another day. In general I love Joshua’s
insight on things, i don’t remember a single day i wasn’t inspired by him over
three years+ of our friendship. (though i’ve many good friends I can count on
for advice) He’s ONE person i know who connects with me in different level, may
be its because He understands technology, business and has balanced spiritual
life too. I learn a lot from him.(I hope he’ll learn few things from me too)
Coming
back to the article i mentioned he shared with me, the author talks about three
main focus points
1. You never know what’s going to happen next minute – Sachin has reached 100′s so easily till last year and since last 8 months it’s been such a struggle repeating the same thing. There are phases in your startup journey when all is going great and then the landslide starts but that doesn’t mean the commitment is low or you are doing something wrong. It’s just that you need to continue and stay put and pass the phase. I am sure Sachin will get his 100th century soon if not today some other day, and I think that’s the level of confidence and self belief that needs to be there.
2. New Day is always a new day – In last so many occasions we have seen Sachin play well and cross 50 but when he comes the next day the landmark seems to elude him. In a startup a new day is a new day. You got to start afresh, forget the good and bad of the last day and focus on what’s on hand.
3. Focus – We have seen so many startups starting wonderfully well but losing focus mid way especially when the BIG THING is nearing. Much like Sachin going just 6 runs away from what could have been a great great innings, slight loss of focus can lead to a sudden downfall in the fortunes of a startup.
For a young entrepreneur
like me who is trying to make it work
with unrealized ambition and probably with lots
of bills to pay. Josh had a bit of his
own commentary on top of the article I shared above. He said Just like sachin No matter how successful we become,
life always shows up with a surprise and mystery. Its in a times like this our faith will be
tested. Emmy when you find you self in this spot remember your faith is on
trial, but you've got a good lawyer. A person who pleads your case in heaven. He continued talking but I stopped listening
and went in to my own thoughts. Suddenly all my
previous small and big achievements & failures started to mean nothing in
the face of whats ahead of me and whats possible, its just like Sachin’s
failure at his 100th century. Previously I’ve tried and tried more to
get things back to the perfect track but i found it an uphill to get my way,
the way I want it.
“I
wanted the gold, and I sought it;
I scrabbled and mucked like a slave.
Was it famine or scurvy—I fought it;
I hurled my youth into a grave…”
I scrabbled and mucked like a slave.
Was it famine or scurvy—I fought it;
I hurled my youth into a grave…”
“Yet
it isn’t the gold that I’m wanting
So much as just finding the gold.” -Robert Service,
So much as just finding the gold.” -Robert Service,
Before my graduation i had to
work for internship for three months. At the office i worked in people loved
me, i was the youngest and nerdy and geekiest chap around so they wanted me to
say longer (i too wanted to stay because I was learning a lot in that environment)
And i ended up working there for a year. Last week I was immersed in deep five
years old nostalgia while i stumbled at the recommendation letter i received
from the CEO when i resigned. In those days I had all the energy, regularly
over-night i used to crush in the office on my desk. I ate on computers, breath
computers dust, slept on keyboard. I massaged(scratched) myself with mouse. While working in that office, though i enjoyed
every moment of it I knew from my
college days that my brains are wired differently( to work for myself). That is
why back in good old days 2004-5 I
launched a website and optimized it to earn from Adsense Ads, While my
classmates wanted to work for so and so multi-national companies. I knew that i
knew i’m never gonna work for anyone. (Though in college days i used to say i
wanna work ONLY for Google, later i outgrow that and wanted to build company
and sell it to google. I still secretly lust on that front.) Between then and now sooooo many things
happen, i saw myself evolved through tough situations. So FlyingCocoon is one
of those things that a happened in between then and now (started early 2008 and
much didn’t happen in between Josh left to Bangalore and i was busy trying out
there things). I’m lucky! I have many people
i love and value like Josh beside me. For many
entrepreneurs finding a co-founder has been likened to getting married and like
a marriage it can be the best or the worst thing to happen to you. Now am runing
a (Lean)scrappy startup I’m pushing myself, despite all the limitations,
swearing i have to make this work, no matter what. I don’t know how many people
understand the intensity but Running a startup
without any funding is definitely a hard life. Even with funding, it is a lot
of work. I remember Conan O'Brien's quoted what Nietzsche
famously said ‘Whatever doesn’t kill you makes you stronger.’ But what he
failed to stress is that IT ALMOST KILLS YOU. You know, The stresses of running a
poorly performing company or the frustrations of not closing enough deal almost
kills you. I was absorbed so much, I stopped
caring about myself and things around me much. Few trusted friends came and told
me Emmy pls take care of yourself you
are underweight & you look like a shit. I still didn’t care much. Sometimes
dreams make us insane. And those who are around us who don’t know what’s going
on inside of us looks at as commenselseless-lunatic. That part has never bothered
me ever, because to some degree i’m iconoclast. What the society think doesn’t
bother me zilch while my dream is at stake.
I sipped my coffee, Josh also
sipped his coffee and continued talking i didn’t concentrate on what all he
said new he moved on to the second point what the guy wrote about sachin’s NEW
DAY, its is pretty much similar to what paul says But one thing
I do: Forgetting what is behind and straining toward what is ahead, I press on
toward the goal to win the prize for which God has called me. Emmy In God’s
kingdom Faith is your currency, Have faith in a new day. Its By faith gentile became a Jew. I hope you remember
Abraham’s story how he birthed a new nation. Because he believed God it was
counted unto him as righteousness. He was not right but he believed God is so
good. And guess what? God said if you believe me like that I'll go ahead and
i'll credit your account. And it was counted as righteous. Its like God saying I
know you are not perfect, but i'll take your faith as a currency. I'll bless
you. give you land and everything.
I know his
FAITH also told him he'll give him a son, funnily the case got on hold till his
wife passed child bearing age, now she was barren on top of that his body aged
too. When it was completely impossible in human terms, God gave them a son.
Emmy as
long as you can see you way clear God will do absolutely nothing. Its when absolutely
there is no way for you to get it, when all of you plans & plots are failed
and the budget is blown, the checks are over drawn. When you can see no way how
you can make it. No way to run your dream startup, no way to hire the kind of
talent you want. Its then God moves on your behalf and say I'm gonna bless you.
Like Abraham. When you reach to this stage you know whom to be thankful for. Credits
only goes to God not to anyone. Not even for yourself. Because you couldn't do
it.
While
we just have to trust God, often times we try to trace him. Trust is form of
worship. If you don’t want to worship him question your purpose why here on
earth you are here for.
Am
still listening while looking at the one of the paintings on the wall at
BeyondCoffee. I looked at my green tea cup I’ve realized i finished it without
realizing it. Both of us have finished our drinks the only thing left on the
table is French fries.
Josh
took hand full of French fries and continued about the article he was talking
about. He said the third point deals with really crucial issue. (Especially for
us) I believe there
is dime a dozen opportunities now than any previous generations ever lived on
this planet had. For the little guys to create wealth and be who they want to
be barriers to entry have been mostly removed especially for Tech companies;
the playing field has been quite levelled same way for a guy in Hyderabad and
for the guy in Silicon valley. This is something "very
liberating". As you are yet to be discovered, you haven't gotten your recognition. But at
the same time, you don't have expectations. You just have to Focus, and take Action while the
opportunities are still here. He looked me in the eye and said people
like you suffer because they think they can be everything(not one thing) they
want to be and when reality bitch slaps them. They’ll go out on full spree to
prove a point.
Truly speaking I’ve done all of that, trying to prove a point and all, knowing what i
know now,
"odds are highly stacked against start-ups” i’v nothing i
want to prove. I just let God, what He lets me to do. I’ve reconciled with the
fact that i can’t fight with that, even if i fight that. That is a losing
battle already from the beginning.
As
I mentioned earlier Me and Josh understand technology & business (local
business) that is what clicked between us and helped us to build this incredible
friendship over the years. We’ve been advising our friends on how to use the
social web to generate leads for their small business in a very casual way for
the last two year (very casually not for revenue). And For the past few months I’ve
been working on SocialCRM called “OppTube” and i never knew FlyingCocoon which
we started in 2008 will become serious and we’ll help more business to adopt
social Media to expand their reach.
The
plan is very simple for now. We do Social Media Consultation for local business
for free or for extremely nominal cost. Help them with execution. We nurture a
long term working relationship with them. At later stage when my SocialCRM gets
ready for beta testing they’ll be signed up. After their initial trial &
feedback period It will be priced rightly based on the value it provide. I’ll
talk about on that development on another post
As conclusion he said: It’s really scary to forsake everything and focus
on one thing. It’s ok, accept the fear: It is natural to be
frightened by unknown. Naturally you want to diversify. You might being a
situation making less money and working more because company you are working in decides suddenly
freeze salaries and increase working hours This has happened for several
friends in Indian IT companies. But
still focus is the only way-in only way-out
In a serious voice he
asked me: Em what’s the worst it could
happen to you? Quickly i said I’ll be completely bankrupt and start sleeping in
my car till I bounce back. He said think for a second Are you really afraid of
that. I mean really? After thinking for a second I replied: Actually not that
much. If you look at any successful Startup, many encountered situations where
most would throw in the towel, but they didn’t, they pushed through and
achieved their dreams.
Tweet
PS. I know my writing style is as terrible as it gets. Something tells me with practice i can write better in the future. This is written as a practice. When i become a better writer i’ll look back and laugh at this post the awful grammar and punctuation..
PS. I know my writing style is as terrible as it gets. Something tells me with practice i can write better in the future. This is written as a practice. When i become a better writer i’ll look back and laugh at this post the awful grammar and punctuation..
P.S.S On the flip
side i feel really happy, coz this is a testament of overcoming my two fears,
Fear of long post and showing off my insecurities as man. Sometimes opening up
ourselves to vulnerability helps us to reclaim our humanness and remind us we are not God.
Labels:
Breakthrough,
Butterfly Effect,
Change,
Development,
Dream,
God,
Hyderabad,
Prayer,
Social Media,
Startup
If A Butterfly Flaps Its Wings In Brazil, Guess What Happens?
12:04 PM Posted by Unknown
 |
| FlyingCocoon's Logo |
As @HannoL puts it, Today more than ever before do we realize that we are part of a vast network, both digitally and naturally, where technology matters but networks far exceed the virtual world. It seems there might be truth in the saying that when a butterfly flaps it’s wings in America, it creates a tropical storm in the Orient, a truly networked society.
The Butterfly Effect theory states that You can create lasting change when you begin small, act where you are, and stay faithful over the long haul. At FlyingCocoon we believe its time to apply The butterfly effect in vast universe of Social Media. Stay Hungry, Stay tuned.
The Best in the world at something?
3:39 AM Posted by Unknown
Tweet
Do you or your startup wants to be the best in the wold at something? Know this at least! :)
Long time ago my mentor thought me the following simple serinity prayer
God grant me the serenity
to accept the things I cannot change;
courage to change the things I can;
and wisdom to know the difference
In other words knowing when to quit and when to stick to your guns. Especially when you have a major project on your hands and start out with a lot of energy, making huge strides toward to your goal. You’re firing on all cylinders. You’re excited and motivated. Then you hit the wall(dip). That is where this prayer comes handy. So the qusetion is When to Quit and When to Stick??? According to Seth Godin, while quitting is often a poor snap decision made under stress, under the right circumstances it is a smart choice for turning around a dead-end situation.
Please watch 8min video summery of Seth's Book.
The reason that being the best in the world is worth so much is that only few can do it. Scarcity carries a premium. We fail when we give up too soon, or when we get distracted by tasks that we don't have the guts to quit. Seth says the DIP is the long stretch between beginner’s luck and real accomplishment.
Download The Dip Manifesto Here
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