The following interview was conducted with a billionaire whose team member attended one of our investor club summits recently. Over dinner, after the event, we connected and I told them about the Billionaires.com project, and they agreed to complete the interview questions but to do so without disclosing their name. We try to be transparent in showing the names of everyone we interview, but in those case they were generous enough to spend their time answering the questions, so we wanted to share them with you here below.
- What is the #1 most costly mistake you have made, or seen many investors/business owners make that could be avoided?
Be sure to look at your return on time as well as your overall returns . Some businesses or deals will hit the returns you want but they will take all of your time. That too can be optimized if you think about it properly.
- What is the most valuable strategy, worth far more than $1 million, that you wish someone provided you with early on that you can share here?
The law of compounding it truly is the eighth wonder of the world!
- What was the major turning point, point of increased momentum, or strategic choke point, that once you acquired or completed, made everything you were doing surge forward?
Once you realize that no one is going to come do it for you and you learn to rely on yourself and your team and move forward even if you don’t have all of the information. Colin Powell used to say “if you have more than 75% of the information you need to make a decision you have waited to long” and he is right. Mistakes will happen but you need to move forward.
- What operating businesses of yours are you most excited about driving forward? What 1-2 contribution projects or non-profits are you most focused on?
In addition to real estate we have a car technology company that is changing the way people sell used cars . The total addressable market is over $1 trillion per year in the U.S. alone so the opportunity is massive.
We are focused on delivering a system to develop housing in a more affordable and expeditious way.
If you are an ultra-wealthy investor, family office, or CEO of a highly profitable business and would like to be interviewed or work together with our Billionaires.com rolodex, 4,000-member investor club, and 10+ live events a year, please complete the form below.