“Well, you know, I was a human being before I became a businessman.” -George Soros, via Wikiquote
There are many people who are interested in building wealth. However, few people truly have success in this area during their life. Many people who live in countries like the United States are more interested in material items than building up a large sum of money. George Soros is someone who has been able to amass a huge amount of wealth during his time in business and is listed as one of the highest earning hedge fund managers and traders by Forbes. Here are several of the business tips that we can take away from the life and career of George Soros that can be applied to building wealth over time.
Education Pays Off
One of the best investments that anyone can make is in themselves. There are many people who do not understand how important education is to their future career earnings. George Soros graduated from the London School of Economics. This is one of the most prestigious institutions in the whole world. He was able to use this education to better himself and his family over the long term. When evaluating educational options, always look to the long term to determine which school to attend. Many students today are graduating from school with large amounts of debt in subjects that do not pay off. If you are interested in getting rich like George Soros, spend some time on the front end evaluating your educational options.
Start Investing Early
Another important trait to follow from George Soros is to start investing early. This is one of the best things that anyone can do to build a significant amount of wealth. Starting from your early life investing makes a huge difference over a span over forty or fifty years. Anyone who is interested in getting rich like George Soros needs to make sure to start investing early. At the end of the day, there are so many great investment options today that there is no excuse not to.
George Soros continued to work hard even when he started to build up some significant wealth. This is an important point to remember because many people would have taken it easy at that point in their life. George Soros continued to invest aggressively in order to build wealth over the long term so he could fund his philanthropic efforts including voters’ rights in America. If you are going to get rich, you have to have the work ethic that is necessary to follow through on your plans. Having a lot of dreams without the work ethic to follow through simply leads to long term depression.
The life of George Soros is a good example of someone who started from nothing and was able to amass a large amount of wealth. Anyone who wants to do this in their own life needs to take several lessons from the life and career of George Soros. Over a period of many decades, he was able to become one of the richest men in Europe. Always start early in your dreams to become rich and it will be much easier to accomplish your goals.