Mark Cuban’s Guide to Getting Rich | Vanity Fair

hi I'm Mark Cuban and I'm about to give you some advice on how to be just a little bit richer than you are today how do you get rich rich is all relative so there's certain things you need to do in order to put yourself in the best position to be rich the first thing you need to do is live like a student when you get that first job that's really cool I remember looking at cars and thing I want this car fortunately I kept my junker number - you shouldn't use credit cards I remember a bill collectors calling me every two minutes you're better off using a debit card when you need to just not use cash number three is save up six months income if you don't like your job at some point or you get fired or you have to move or something goes wrong you know you're gonna need at least six months income then what I would do is probably put it into the cheapest SPX that standard Poor's mutual fund that I could find if you're a true adventurer and you really want to throw the Hail Mary you might take ten percent and put it in Bitcoin or aetherium but if you do that you've got to pretend you've already lost your money and it's like collecting art it's like collecting baseball cards it's like collecting shoes you know something's worth what somebody else will pay for it it's a fire but I'd limit it to ten percent it's so hard to make a return on regular investments that you're better off when you see a sale so for instance if we are hopefully we're a hole using toothpaste every day right a couple of times a day and we're going to go through to spit toothpaste every month whatever it may be you're better off buying two years worth of toothpaste when it's on 50% discount that's an immediate return on your money any of your reusables consumables that you have to have when they're on a huge sale on Amazon buy them because chances are other prices are going to go up but that's a real savings that you get to put in your pocket negotiate using cash I tell people all the time if you're out you're gonna take a yoga class and they want to charge you $30 and say look I got twenty you know what they're gonna take it negotiating with cash is a far better way to get a return on your I used to love to walk through bookstores when there were bookstores everywhere and if there's something that caught my eye and I thought it can give me one idea to spend $30 to give one idea that could help propel me make my businesses better it was a bargain the only investment guide you'll ever need by Andrew Tobias used to get me all fired up I'll read hours every day because all it takes is one little thing to propel you to the next level nice works when you're nice to people around you when you're caring when you're empathetic you're always going to get more results running a company is not easy it's hard but the one thing that you can control in life is your effort work hard

Channel: Vanity Fair

Views: 3,867,934

Rating: 4.9083381 out of 5

Keywords: mark cuban, mark cuban's guide to get rich, how to get rich, how to invest with mark cuban, mark cuban interview, mark cuban 2017, mark cuban net worth, shark tank, mark cuban trump, mark cuban fight, mark cuban documentary, mark cuban shark tank, get rich, how to become rich, how to become wealthy, bitcoin, spx, bitcoin 2017, bitcoin explained, crypto, blockchain, billionaire, bitcoin tips, mark cuban advice, vanity fair, vf

Id: vYdrMXkYQfM

Length: 2min 46sec (166 seconds)

Published: Wed Oct 18 2017

Reddit Comments

[u/s_nakamoo]

10 percent? What a pussy this guy.

[u/serfgy]

"The one thing you can control in your life... is your effort."

[u/throwsaway100]

Why do guys care he’s changing his tune? How will “crypto really boom” if mainstream faces like Cuban don’t endorse this. Sometimes I can’t tell if these Reddit crypto subs want true adoption or just want to be secretive know it alls

[u/candymanfivetimes]

Mark Cuban has been investing 10% of his net worth into facelifts.

[u/mattlock1984]

Mark Cuban was against Bitcoin literally 6 months ago. This guy astounds me. It's fine to change your opinion but anyone thinking that he doesn't just bandwagon on whatever's making money without the slightest understanding of the technology is delusional.

[u/micho510900]

So i'm 90% right now, and i'm not thinking like I lost that money, cause i don't like acting broke all the time. How adventurous am i?

[u/ToRagnarok]

$7 in Ether it is!

[u/YouPoro]

https://www.youtube.com/watch?v=gwKs4RvaOLc

mark cuban has fuck u money

[u/soontocollege]

Isn't Mark Cuban one of the only billionaires whose net worth is decreasing yoy?