From Broke to Billionaire

How 5 Australians Became Billionaires

Nhan Nguyen

• Publisher: Green Mint Projects
• Year: 2014
• ISBN:
  9780992484118
• Edition: 1
• Topic: Business
• Subtopic: Business Biographies
• Index: Business

How did Frank Lowy, Gerry Harvey, Harry Triguboff, Clive Palmer and Kerry Stokes get rich? Many successful billionaires have started from scratch and built massive wealth that has stood the test of time.This book explores the strengths of these five self-made billionaires and one multi-millionaire who had the vision, courage and persistence to build phenomenal wealth. In this book you will discover: * How you can apply their proven success strategies to achieve success* How to create wealth in all areas of your life* How to think like a billionaire* How to achieve everything you have ever wanted* Why even billionaires have mentors* Why you don't need a degree to make billions* And how to identify what's holding you back from the success you deserve.

FROM BROKE

TO BILLIONAIRE

How 5 Australians

Became Billionaires

NHAN NGUYEN

A publication of:

Green Mint Projects Pty Ltd
as Trustee for the Green Mint Trust

PO Box 797, Lutwyche Qld 4030

Copyright © 2014 Nhan Nguyen.

This book is not intended to provide personal legal, financial or investment advice. The authors and publisher specifically disclaim any liability, loss or risk that is incurred as a result of the use and application of any content of this work.

From Broke to Billionaire : how 5 Australians became billionaires / Nhan Nguyen.

ISBN: 978-0-9924841-1-8 (ePub)

Subjects: Finance, Personal--Australia.

Wealth--Australia.

Success--Attitudes.

Cover design: NGirlDesign

Typesetting/Editing: Power of Words

All rights reserved. Application for the copyright holder’s written permission to reproduce any part of this publication should be addressed to the publisher.

www.BroketoBillionaireBook.com

PREFACE

Throughout all my years of studying wealth creation, pouring through thousands of personal development books, audio CDs, instructional DVDs, and so many seminars you couldn’t imagine, I’ve been on the hunt for the “secret of success”. While what I found was mainly theoretical, and I learnt much more from the school of hard knocks and losing cold hard cash, I did appreciate what the authors of these books and programs were saying.

The more I studied this information, the more I found that APPLICATION made the information relevant, not just the INFORMATION by itself. Ideas are great, insights are great, but without ACTION, information is dormant... and ultimately useless. I have a saying: “Too Much Information Gives You Constipation!”

Please enjoy this book, make notes, and get excited about what’s possible for you… but rather than just reading to the end and putting it away, I urge you to take action as you read this book. Use the ideas given within to get started on things you may have been putting off, like:

• • Start that new business you’ve been wanting to start
• • Close the business you know that’s way past it’s due date
• • Buy / Sell that property that you’ve been wanting to buy/sell
• • Source the funding for your next deal
• • Finish that unfinished project that’s been dragging on and on.
  

This book itself has been a project that I’ve been wanting to do for a few years now… and now here it is.

Why Did I Choose to Study Billionaires?

Billionaires are the epitome of what our society defines as “ultimate success”, i.e. having so much money you don’t know how to spend it all.

Even though billionaires do enjoy a monetary and material success, it’s more the incredible challenges they have had to overcome that makes them virtually “bulletproof”. It’s this ability to rebound from failures, and continually reach for the stars that inspires me about billionaires.

Sometimes we wait expectantly for someone close to us to encourage our dreams or acknowledge our talent, and this holds us back. I’ve learned that stepping through the fear, bolstering a belief in yourself, and never, ever giving up is the only way to make your goals become a reality.

May this book be part of your journey to whatever you define as “success”... and a life well lived.

Nhan Nguyen

INTRODUCTION

Which Traits are Common in Billionaires?

Top performers always seem to achieve the topmost results in wealth, and this is true in every field. In my study of Billionaires, I found that high intelligence or innate talent were not strictly factors for wealth—
although some talent helps!

Class, status, beauty, higher education, or lucky breaks all seem to have little to do with success at the highest levels for the self-made entrepreneur. An above average inner drive is what all these people have in common. In many cases, a difficult upbringing seems to contribute to a lifelong hunger for success.

You will observe how the individual’s hard work over many decades provides the momentum, and having a focus on building assets in a growth industry provides the leverage. Becoming ultra-wealthy is like creating a ball that rolls down a giant hill and keeps going over all obstacles.

Character traits are not the be-all and end-all though, with many of our Billionaires finding a mentor or partner who taught them how to be the best in business. An early stage partner often provided complementary skills and sometimes people networks that helped projects get off the ground.

Which Sector for Wealth?

As for sectors, property has been the greatest source of wealth for Australia’s millionaires and billionaires. You’ll notice the names of shopping mall developers and residential apartment developers in this book. Retail business is next largest, with investments ranking third.

Often these entrepreneurs don’t start with assets in property, but they soon realise that cash doesn’t grow by itself, and with inflation it devalues over time. Property, on the other hand, with or without the leverage from a loan, can greatly enhanc...