From Broke to Billionaire
By Nhan Nguyen
4/5
()
About this ebook
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 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
• How to identify what’s holding you back from the success you deserve.
Nhan Nguyen is a property entrepreneur and self-made millionaire. The director of Advanced Property Strategies, Nhan is passionate about helping ordinary Aussies to create extraordinary wealth.
Nhan Nguyen
While studying a Bachelor of Science at university, Nhan read Rich Dad, Poor Dad by Robert Kiyosaki, and from that moment, his grades started to decline as his passion for property emerged. His biggest learning from the book was, “Don’t work for money; have money work for you.” With his university degree behind him, Nhan took a role with a property education company earning just $25,000 per annum. What he didn’t receive in cash he received in education, learning how to do deals, qualify leads and look for opportunities. After 12 months Nhan changed jobs to work for a different property development and marketing company that was moving over 80 properties a year. He learnt how to tie up opportunities with little money and onsell the properties at a significant profit. After three years as an employee, and aged 23, Nhan quit working for someone else, and in December 2003 he moved into full-time investing. He has now done more than 70 deals worth $20 million in total. In the past 24 months alone, he has done 29 property transactions using none of his own money. Nhan is also the founder of Green Mint Property Group, focussing on Property Investment and Development.
Related to From Broke to Billionaire
Related ebooks
Millionaire Scope: Secrets of Wealth & Prosperity Rating: 0 out of 5 stars0 ratingsHow to Grow Rich with The Power of Leverage Rating: 4 out of 5 stars4/5The Millionaire's Secret: A Handbook for Building Wealth in Tough Times Rating: 5 out of 5 stars5/5How to Make a Million Dollars an Hour: Why Hedge Funds Get Away with Siphoning Off America's Wealth Rating: 4 out of 5 stars4/5The Fastest Road To Success Rating: 4 out of 5 stars4/5How to Create and Preserve Wealth that Lasts Generations Rating: 0 out of 5 stars0 ratingsAliko Mohammad Dangote: The Biography of the Richest Black Person in the World Rating: 4 out of 5 stars4/5The Unknown Billionaires: The life stories of 50 self-made men and women Rating: 4 out of 5 stars4/5How I Made My First Million: And How You Can Also Do It Rating: 5 out of 5 stars5/5The Billionaire Mindset: Secrets of a Successful South African Entrepreneur Rating: 5 out of 5 stars5/5Don't Take Your Dreams To The Cemetery Rating: 4 out of 5 stars4/5Making Yourself Great Rating: 4 out of 5 stars4/5Dear Entrepreneur: February Rating: 4 out of 5 stars4/5Wealth Building Strategies of the Super Rich: How to Start a Family Dynasty Rating: 2 out of 5 stars2/5Success in Africa: CEO Insights from a Continent on the Rise Rating: 5 out of 5 stars5/5Billionaires Under Construction: The Mindset of an Entrepreneur Rating: 5 out of 5 stars5/5Giants of Enterprise: Seven Business Innovators and the Empires They Built Rating: 4 out of 5 stars4/5The Formula for Wealth Rating: 5 out of 5 stars5/5Entrepreneur: Jack Ma, Alibaba and the 40 Thieves of Success: Entrepreneurship Guide, #2 Rating: 0 out of 5 stars0 ratingsJohn D. Rockefeller on Making Money: Advice and Words of Wisdom on Building and Sharing Wealth Rating: 4 out of 5 stars4/5Vusi: Business & life lessons from a black dragon Rating: 5 out of 5 stars5/5Habits of the Super Rich: Proven Ways to Make Money, Get Rich, and Be Successful Rating: 5 out of 5 stars5/5Christo Wiese: Risk and Riches Rating: 4 out of 5 stars4/5How I Made My First Million: 26 self-made millionaires reveal the secrets to their success Rating: 5 out of 5 stars5/5Black Like You: An autobiography Rating: 4 out of 5 stars4/5Secrets to Great Wealth: Secrets the Rich Would Wish You Never Knew Rating: 5 out of 5 stars5/5African Entrepreneurs - 50 Success Stories Rating: 3 out of 5 stars3/5Phil Knight Biography: The Nike Billionaire Rating: 0 out of 5 stars0 ratings
Motivational For You
Emotional Intelligence 2.0 Rating: 5 out of 5 stars5/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5Think and Grow Rich (Illustrated Edition): With linked Table of Contents Rating: 4 out of 5 stars4/5The 7 Habits of Highly Effective People Rating: 4 out of 5 stars4/5Eat That Frog!: 21 Great Ways to Stop Procrastinating and Get More Done in Less Time Rating: 4 out of 5 stars4/5Girl, Stop Apologizing: A Shame-Free Plan for Embracing and Achieving Your Goals Rating: 3 out of 5 stars3/5The Winner Effect: The Neuroscience of Success and Failure Rating: 5 out of 5 stars5/5The 21 Irrefutable Laws of Leadership: Follow Them and People Will Follow You Rating: 4 out of 5 stars4/5Grit: The Power of Passion and Perseverance Rating: 4 out of 5 stars4/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5The Game of Life And How To Play It Rating: 4 out of 5 stars4/5Change Your Paradigm, Change Your Life Rating: 5 out of 5 stars5/5The Richest Man in Babylon: The Success Secrets of the Ancients Rating: 4 out of 5 stars4/5Carol Dweck's Mindset The New Psychology of Success: Summary and Analysis Rating: 4 out of 5 stars4/5Stop Doing That Sh*t: End Self-Sabotage and Demand Your Life Back Rating: 4 out of 5 stars4/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5Banish Your Inner Critic: Silence the Voice of Self-Doubt to Unleash Your Creativity and Do Your Best Work Rating: 5 out of 5 stars5/5Building a Second Brain: A Proven Method to Organize Your Digital Life and Unlock Your Creative Potential Rating: 4 out of 5 stars4/5The Power of Moments: Why Certain Experiences Have Extraordinary Impact Rating: 4 out of 5 stars4/5The 21 Irrefutable Laws of Leadership Workbook: Revised and Updated Rating: 5 out of 5 stars5/5Think and Grow Rich with Study Guide: Deluxe Special Edition Rating: 5 out of 5 stars5/5The Coaching Habit: Say Less, Ask More & Change the Way You Lead Forever Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Spark: How to Lead Yourself and Others to Greater Success Rating: 5 out of 5 stars5/5Summary of The Laws of Human Nature: by Robert Greene - A Comprehensive Summary Rating: 4 out of 5 stars4/5
Reviews for From Broke to Billionaire
2 ratings0 reviews
Book preview
From Broke to Billionaire - Nhan Nguyen
FROM BROKE
TO BILLIONAIRE
How 5 Australians
Became Billionaires
NHAN NGUYEN
GMP_BWLogo300.jpgA 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.AdvancedPropertyStrategies.com/Billionaire-book
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 enhance the cash’s power to grow, compound, and even pay off the bank funding in its entirety over time. So property is the vehicle of choice for many to create one’s wealth and/or hold one’s wealth.
The median wealth of adult Australians stands at $US219,505 ($233,504) - the highest level in the world
¹
- Credit Suisse Global Wealth Report 2013
According to CapGemini and RBC Wealth Management’s World Wealth Report 2013, there are now 103,000 ultra high net worth individuals, referred to as ‘UHNWIs’ (pronounced ‘unwees’ not ‘unwise’) among us globally.2
To rank as an UHNWI, you need at least US$30 million in investable assets. Australia boasts 2,059 UHNWIs.¹
Lower down the tree, high net worth individuals (HNWIs) are defined as those with US$1 million or more in investable