From the archives of CENFIS 12.17pm GMT,
9 April 2023
There are some people who believe luck is the only reason for financial success. Today, we are going to look at 21 people who came from poor backgrounds who later made it to become very successful financially - yes, they became billionaires.
Let us take a look at their journey and compare that with the seven elements of financial intelligence propounded by CENFIS, as listed here.
Billionaires are usually people who are highly motivated. They are street-smart and understand the concept and pitfalls about money. They know how to generate passive income. They are good at making money. They are good at saving money and know how to control their spending. They practice financial discipline and are usually able to control their emotions. Finally, they know how to pass on their wealth and plan for their succession. Of course, along the way they all need a bit of luck.
Let us take a look at some of the stories of people who came from poor backgrounds who later became billionaires.
Learning message: Financial success is a combination of a few important factors. Two of the most important factors are motivation and the skill to make money. A bit of luck helps along the way.
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