There are many different ways people will take the title of this post. The first group of people will be the largest, they will think that I’m joking and that this post is going to be about something else, or about setting goals. Some will think it’s link bait. Others will be nay sayers. They will think I am serious but will tell me that it’s impossible.
There will be another, very small group that will support me and give me credit for thinking so big. Those are the people that I want to talk too, nothing is impossible. I’ve always been of the mindset that you don’t tell yourself or anyone you can’t do it, you simple have to ask yourself – how can I do this?
If you say I can’t do it, your shutting your minds power down. Your mind is the most valuable thing you have and if you let it work, it will do wonders. By asking yourself how can you do something – your mind becomes active in thinking of any possible ways that you can pull it off.
I’ve had this goal for a long time and I decided to share it today for a few reasons. I want to inspire some of you, to stop idling in life and get to work. I have a lot of hard work ahead of me to get to this goal. I’ve been doing the raw numbers and to most they will seem absolutely impossible.
I have three years to do this, Mark Zuckerburg of Facebook is the current youngest self made billionaire at twenty-three years old. I broke it down into smaller chunks to see if it would seem easier. It certainly does not seem any easier. I will need to make on average:
- $336 million a year.
- $28 million a month.
- $950,000 a day.
After seeing that most of you will have dismissed me as crazy. Those of you that haven’t, are true believers in what the human mind and body can do. After I decided that I wanted to seriously pursue this goal, I had to figure out what ways I could possible make those figures. I knew that I would need to focus on the right side of the cash quadrant. The business and investing side to be able to pull down those kind of numbers.
I made a basic list on my whiteboard of the different things I can do in those two categories to achieve my goal.
- Websites/Companies that do not require my presence to prosper.
- Real Estate Investments.
- General Stock Investments.
Due to that list – this blog will also be changing slightly. We’re going to deal with affiliate marketing still because I have no intention of stopping that. However I’m also expanding it into the other things listed above. Hopefully that won’t deter any readers from staying around. As you might of noticed, I changed the quote of the blog up top. Before it was “Where Making Money Matters”, which admittedly, wasn’t all that great. Money matters most everywhere. I’ve changed the route we’re taking. The blog will now be about “My Path to Financial Freedom” because that’s what we’re all after anyway, isn’t it?
After I figured a quick plan of action, by no means a full plan, I already saw a few things I would need to get. In a quest as large as mine, I can’t go it alone. I’ll need the support of my close friends and family, to keep me going as I am sure there will be great pitfalls that cause me to think about giving up. However I will not give up until the day I can’t reach the goal anymore. Even then, I’ll push on to do it anyway.
Along with support, I will need advice from experts in several fields. Capital will make the process a lot easier as well, luckily I do have that part. So far the list I have come up with for experts is the following:
- Strong Accountant, who can offer assistance in all the ways of money and legally paying the least amount of taxes possible.
- A Real Estate Agent to help me find the best deals. This is something I have to do myself but guidance will be needed for someone who knows the area.
- A broker to talk with – not for them to invest for me, but someone who has long term experience with their own stocks.
One of the biggest things I will look for in my advisors are people that do what they are trying to help you do themselves. I don’t want an agent that doesn’t own any real estate, and I don’t want a broker with no stocks to their name.
Time will be my biggest obstacle in this goal. I have to continue to keep up my grades in college, as well as spend plenty of free time with Katie, my friends and my family. So I will need to learn to manage time better than I ever have before. I had thought of shutting down this blog because it takes time however that is not a good idea. Blogging helps me talk about what I am going to do, get feedback, and even helps me think about it myself as I write it.
If any of you are still reading by this point, I want to talk to you. Please comment on this post. Those of you that read thru all of the one thousand plus words of this blog post truely believe in me, and I welcome your support. Anyone else that thinks big like I clearly am here, let me know, thinking big is the only way to get big.
I am certainly not going to be able to play it safe on this, I will have to take managed risks to get where I want to be. My first goal is to make my money work for me, more than it does now. Every dollar is like another employee that works for free, twenty four hours a day to get me to where I want to be. This is going to be quite the ride – stay tuned 
About the Author
Make the next google. EZ PZ.
Coop, I would like to wish you the best of luck in this. I to would like to reach such a goal but times are tough and they seem to only get tougher. Along with the fact that I am currently apart from my wife because of school, times seem like they will never get better.
So, unlike me, keep up your ambition despite any hardships that may come. They will be rewarded in the end.
What’s up with that last guy? He’s just making excuses as to why he will never become a billionaire. Cry me a river, retard.
Let’s be honest, its a broad term to say “self-made billionaire.” I personally believe that it IS possible, but needs to be scaled to, not just thrown so loosely. That’s just about the same caliber as a internet marketing eBook promising making millions overnight.
And to be pulling $950,000 daily, I don’t think there is any real estate agent or real estate investor able to do that. Once again, am I saying impossible? No… not at all.
Here are some tips though that I’d suggest you look into is Private Mortgage Brokering – I was looking into doing this until I put my focus mainly on internet marketing for the time being. I hope to in the future do a small amount of it, but basically your brokering private mortgages to investors and collecting a commission. No spending of your own money is really required.
Ever seen the “Winning in the Cash Flow Business” program? I’m sure you’ve seen the infomercial but the program focuses on brokering private mortgages. Only thing is the program was said to be garbage but I know a few other programs that really do work. One only costs $99.00 and it teaches you right from your computer.
None-the-less, good luck and the harder you push, the more you’ll succeed. Best of luck once more…
I’ve read every single words of it. If Mark Zuckerburg of Facebook can do it, y couldn’t you? I’m prolly new in this field, haven’t make a single buck online and still being a student. I stumbled across ur blog and get the hang of it keep reading. I wish u luck bro, u definitely can do it but when I don’t know. If u believe u can, u can. nuff said
Coop, If any one can do it you certainly can. You have the drive for success and no one can stop that. Only you.
Another way to the top is commercial paper and buying “A” Paper on the secondary market. But your best bet is to have your own brokers license as well. I’ve been in Real Estate Management and Lending for some time now and see many people make it who do it right and the one thing is they never stop learning.
Another point to make is make sure your asset allocation is done responsibly and via guidance of an advisor who has reached a level of success and one you can trust.
Do it Coop! Make it happen.
I like your attitude. My goal is to become a billionaire too, although not the youngest. Making your first million is really hard, now imagine how hard it is to make your first billion. I personally think that the only way for you to achieve this is to create the next big thing.
“People don’t fail because they aim too high and miss, but because they aim too low and hit” — Les Brown
Good luck with your goal, you will certainly need it.
Either way, you got competition from me. You got some catching up to do if you know what I mean
.
Hey Coop,
I know you and I know you can do it. It’s certainly possible. But I do have a bit of advice.
1. People who become billionaires do not make their first billion from multiple concurrent strategies. They make it from one endeavor or repeated strategy.
2. You can make your billion from any of the 3 choices you mention, but the track record of anybody turning a few million into a billion in 3 years with stocks or real estate is very poor. The track record of potential for becoming a billionaire from establishing your own company is much greater.
Billionaires have been made in real estate and stocks/financial papers, but I think you’ll find that to do it in 3 years is a very rare occurrence.
I know you well enough to suggest that you expand on your area of expertise in developing internet based profits. You are pulling down enough cash to advertise the launch of a new startup. Buy a superbowl commercial or something.
Read a few more Kiyosaki books. He really makes a strong point that that best path to extreme wealth is to found a company, go public, and become a selling stockholder.
Please don’t think I’m naysaying. I believe you can become a billionaire with any of these methods, but that the likelihood of doing it in short order is far greater by founding a business(website).
In the interest of being prepared to go public, don’t use an LLC for your billionaire plan. LLC’s aren’t as venture capital friendly. You need something like a C-corp.
You Can Do It!
I really mean it XD
I’m going to hit you up for coaching b4 you get too busy though, cuz I know you’re gonna be on lockdown with your time getting to that goal.
Your time is going to have to become ridiculously precious to you. I still remember seeing Mark Cuban on some reality show complaining about how one the contestants wasted 30 minutes of his time.
I was kinda thrown back at first when he said that, but then i thought about it. Since he’s making millions a month, minutes of his time is probably worth ridiculous amounts of money to him because that’s what he generates from his business ventures. Time management is going to be crucial for you, as I’m sure it already is. Good luck bro.
Oh yeah, get ready to be obsessed
I think you have the first two steps down pact to get you towards your goal…1 – Setting your goal and 2 – getting rid of negative people that will discourage you from your goal. You’re so right… nothing is impossible. Think of people like Donald Trump! Several bankruptcies later he’s still rich! So never give up and continue working towards your goal
You’ve proven that you’re capable of a lot. I don’t think anyone can do what they put their mind to, but I think you can. Good luck, sir.
I wasn’t making excuses as to why I will not become a billionaire. So, in essence you are the retard for making such a stupid comment gxdia. The whole point was to give the advice of keeping the ambition.
Thanks for posting about this, I would love to read more about this topic.
First time here. I hope I can learn new things from you.
Does Zuckerberg have the money on the bank? Or is just part of the supposed value of FB? Two totally different things.
Anyway, I’d like to join the journey. Feel free to hit me up.
Hey Jeremiah, I can certainly relate to your position, being that I am also a college student, who is not the typical college student. I am really goal oriented, and I also do my best to balance between college + working on setting up my goal to be financially independent, and do it all before I even graduate from college. It’s something that most college students do not do, I am sure you know of the college scene, and how most students are. I do believe you can do it, you seem like a guy that’s has his mind in the right place.
Till then,
Jean
“you don’t tell yourself or anyone you can’t do it,you simple have to ask yourself – how can I do this?”
Exactly!I’ve been thinking the same thing !
I too , want to be a young self made billionaire , before 30.I had been searching for guides on the net on how i can achieve this goal and what am i can do right NOW(being a high school student with little experience and money)to achieve it .
I’m glad i came across your site , cuz there are more people with the same goals or are in the same situation as me.Now i have a reference point.
Had some ideas but just kinda lost ..
So ,any advice for what a high school student can do right now ?
J
Also ,keep working hard and reach your goals ! I will too !
Hey Coop, best of luck man, I like the way you think and you’ve made me wonder if I should revise up my 500k a year long term goal.
Thanks for the post.
Smiles…
Your post came up in my google search.
I too want to be the youngest billionaire–I enjoy challege
See you at the finish line
I’m with you Coop, you have set goals and with enough diligence and effort you will succeed! I enjoy every Tuesday night at Bill Mcintosh and reading all your comments! Talk to you later and stay after your goals!
Jason Mcinturff
Hey coop, you’re crazy.. and I really admire that good luck mate!
Zuckerberg is rich on paper, but I still think his worth is more than a billion. So by founding a company and cash out (at IPO, sell it to some big firm) would be the best way to me. Google guys have done it. Yahoo!, Youtube, etc. but it took them several years, or not enough to be a billionaire.
Investment? $300m a year investment from how much starting capital? You may cash out your company and, if invest carefully, get a billion. Let say $100m is your starting capital, 1000% in 3 years is very possible.
However, I’d be happy to have a lot more than $1bn despite not being the youngest billionaire. Guess what would have happened if Bill Gates sold Microsoft the day his share’s worth a billion? It wouldn’t be easy for him to have $50 billion today unless he hit another jackpot like he did with Microsoft.
School and college admission thing (u know, SAT, college essay, things to do to look good on application) really waste my time. I couldn’t even launch a campaign.
This is quite the lofty goal. It may be achievable if you get extremely lucky, but chances are you will fall short. Personally I prefer more achievable goals. If you go after a realistic goal you get the self satisfaction of reaching that goal. If the goal is too difficult, it may be easy to get discouraged. Still, best of luck with this goal.
Coop,
With a goal like this, you definitely should read Maxim magazine founder Felix Dennis book “How to Get Rich.” Also, Bradley Sugars has a book called “Billionaire in Training.”
Go for it!
If you miss the moon, you´ll hit the stars for sure.
Just a suggestion with regards brokers. They make money from you even if you loose. Its not in their biggest interest and they dont care if you make or loose anyway. If you want proper advice to “manage” your own stock investments find and contact a professional trader. Not a broker. Traders MAKE the money. Brokers take their orders. period.
All the best with your goals.
Hey coop, i think you’re super crazy.. and I really admire that good luck mate!
Wow you sure dream big. I would be fine just making 6 figures, nevermind 10 figures. I guess you do still have to have goals even when you are successful.
umm… i was just running a search and ur result came in the results… m 21 and i have been running after this for the last 3yrs… just turned 21 around 2 months back…. i started early.. first year was zero.. made nice money in the 2nd… reached a mil in the 3rd.. then one bad decision and i lost it all….. ppl call me crazy that i took such huge risks and one dint work out and that ruined everything.. well… risks are required..! i dont think u cant get lucky as “they” call it without that…
I right now practically lost everything.. but hey… i have not given up hope.. even thought i am starting all over again m sure i can still make it! i have just 1.5yr to go…. hard but i think its possible.. i just need to work on it a bit…!
n u got the maths a “bit” wrong.. u dont really need to make $900k a day…. its actually a lot easier than that…
mark was at 1.5billion when his company made 150million a year.. thats around 400k a day… and it was revenues! Not profits…! So if you scrape $400k a day profits its possible… n its not “that” hard in the industry i am in! It can be done… just i need to get everything “right” in the coming year.. there is no place for mistakes!
best of luck to you.. and me! lets see who does this first!
I am definitely a supporter of fellow young investor/businessmen and women. I too have set a goal to become a billionaire, though I have a longer time frame (10-15 years, I’ll be between the ages of 30 and 35- I am 20 years old right now). Most of my wealth will come from real estate. I just became a successful investor and I believe I am very good at it. I plan on hitting the million dollar threshold by my 21st birth day (6 months from now). After the million dollar door, possibilities are endless. I wish you much success. I hope everything goes well! Good Luck!!!
Good luck with this! Look into real-estate flipping. Hit me up on AIM if you want to talk about this.
Completely agree with what you have to say Coop, the minute you limit yourself is when you lose ambition to keep going. I am a believer than anyone can do anything they set their minds to. I am also one of these people, it’s frustrating having family and friends not believe in you, but it makes you work that bit harder to prove everyone wrong.
If you ever want to hit me up on AIM, my handle is temple3188 (Member of PPC Coach), I think your the kind of guy I need to network with.
Look into real-estate flipping. Hit me up on AIM if you want to talk about this.
If u have a big project, it can be
Hi
I think that what you are aiming for is fantastic and don’t stop believing in yourself. I was talking to my friend the other day and he was telling me that he wanted to become a builder and I was amazed at how someone can aim so low. I have a goal that is quite similar to yours and I can only hope mine comes true and I also hope yours come true also. Keep going at it man. Good Luck
Shihab
Even if it may seem hard to achieve, there’s nothing wrong with having a target like that. If you believe in yourself, you can achieve it.
Actually, making the next Google is not as hard as it may seem. It’s a very realistic business plan. But I’ve got a far better plan.
I remember the first time we talked and you said you want to be the youngest self made billionaire. I responded “do you have a plan?”
I’m still waiting for your response, coop. It’s okay if you don’t say anything – I understand…
I BELIEVE. Reminds me of an audiobook I listened to before. Very motivating. It’s all about the mindset.
So, almost 2 years in, how’s it going Coop?
yea me too