According to Powerball.com your chances of winning Monday’s grand prize of an estimated $1 Billion dollars is 1 in 292,201,338.00. Your chances of winning any kind of money prize on Monday are a little better. The odds are 1 in 24.87. Regardless of how much you win or if you win nothing at all, writing advice from a few billionaires on how to manage your money is not a bad idea. We’re highlighting money advice from billionaires before you rush to buy your lottery ticket and it won’t cost you anything. As some like to say, here’s some “free game.”
The founder of Spanx, Sara Blakely, is one of the youngest self-made billionaires. Blakely’s word advice is more of an example. The Spanx founder says she never quit her day job while building her company. She says she saved every penny without taking on any extra debt. According to celebritynetworth.com, Sarah Blakely is worth $1 billion.
Phil Knight, the co-founder of Nike Inc, also gives advice to anyone planning to take their lottery winning and start their own company. Knight once said in his book Shoe Dog, “coward never started, and the weak died along the way.” Knight believes it takes bravery to see any great idea through its conclusion. According to Forbes List 2022, Phil Knight and his family are worth an estimated $41.5 billion.
A name that you would have to be living under a rock not to know is Jeff Bezos. Bezos is the founder and former CEO of Amazon. One of his lessons about money is to understand being frugal is not a bad thing. He was once quoted in an Inc. article saying, “I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.” If you can’t remember any advice, this might be the advice to remember most of all. Jeff Bezos sits at the top of the Forbes 2022 list with a whopping net worth of $151 billion.
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