Can Hard Work Turn You Into A Billionaire?

[wynn]

As I said in a recent post, Hard work (Physical) is only worth a certain value and that value is restricted by time, 24 hrs 365 days to a year, so whether your work is worth one or a thousand rand an hour, the most you will earn in a year is value to the power of hours able to be worked in a day to the power of days able to be worked in a year(max Value =24x365xValue)

The billions will come with the multiplier of others contributing a percentage of their labour, purchases, turnover to you (1% of R100.oo times 1000,000,000 = your first billion rand) the higher the percentage the quicker the billion.

Bill Gates never sold computers, he took someone elses idea and included it with every PC sold for a few years, that was his multiplier.
Then he sold all the add ons for the greater part of his fortune.
He never sold a hard drive, but he made programs that required more for the other part of his fortune.

The secret is to remember what business your are in, not like the old 'Railway Barons' who thought they were in the 'Railway Business' when in fact they were in the 'Transport Business'
Bill Gates is not in the 'Computer Business' he is in the 'Information Business'

[insulin]

Information is power and power is wealth! Interesting... So we use what is available? Now the question is what is available to you? More importantly can you afford it? In short now we start at the Information bit...

[BrandSmit]

Leverage. That is what will take hard work (physical, creative or any other form) and turn it into real monetary wealth. You leverage what you yourself have done (use the result of your labour over and over again); you leverage your assets (like a computer and access to the Internet, or a reliable car, or good location in a shopping mall); and you leverage the work of others (their research that is available to you at a fraction of what it will cost you in time and effort if you have to do it yourself). You can add the leverage of other people's money (bank loans, personal loans), but that's a topic for another day, or thread

[Sieg]

First of PC dos was never written by Bill Gates mister Gates gave some poor dude $300 for it and made his money....

This is not quite the way it happened.

This bit is from Wikipedia on a search for "DOS":

"IBM PC-DOS (and the separately sold MS-DOS, which was licensed therefrom), and its predecessor, 86-DOS, were loosely inspired by CP/M (Control Program / (for) Microcomputers) from Digital Research, which was the dominant disk operating system for 8-bit Intel 8080 and Zilog Z80 based microcomputers. However, PC-DOS never ran on less than an 8088 (16-bit).

When IBM introduced their first microcomputer in 1980, built with the Intel 8088 microprocessor, they needed an operating system. Seeking an 8088-compatible build of CP/M, IBM initially approached Microsoft CEO Bill Gates (possibly believing that Microsoft owned CP/M due to the Microsoft Z-80 SoftCard, which allowed CP/M to run on an Apple II[10]). IBM was sent to Digital Research, and a meeting was set up. However, the initial negotiations for the use of CP/M broke down—Digital Research wished to sell CP/M on a royalty basis, while IBM sought a single license, and to change the name to "PC DOS". DR founder Gary Kildall refused, and IBM withdrew.[10][11]

IBM again approached Bill Gates. Gates in turn approached Seattle Computer Products. There, programmer Tim Paterson had developed a variant of CP/M-80, intended as an internal product for testing SCP's new 16-bit Intel 8086 CPU card for the S-100 bus. The system was initially named "QDOS" (Quick and Dirty Operating System), before being made commercially available as 86-DOS. Microsoft purchased 86-DOS, allegedly for $50,000. This became Microsoft Disk Operating System, MS-DOS, introduced in 1981.[12]

Microsoft also licensed their system to multiple computer companies, who supplied MS-DOS for their own hardware, sometimes under their own names. Microsoft later required the use of the MS-DOS name, with the exception of the IBM variant. IBM continued to develop their version, PC DOS, for the IBM PC.[12] Digital Research became aware that an operating system similar to CP/M was being sold by IBM (under the same name that IBM insisted upon for CP/M), and threatened legal action. IBM responded by offering an agreement: they would give PC consumers a choice of PC DOS or CP/M-86, Kildall's 8086 version. Side-by-side, CP/M cost almost $200 more than PC DOS, and sales were low. CP/M faded, with MS-DOS and PC DOS becoming the marketed operating system for PCs and PC compatibles.[10]

Digital Research attempted to regain the market lost from CP/M-86; initially with DOS Plus, and later with DR-DOS (both compatible with both MS-DOS and CP/M-86 software). Digital Research was bought by Novell, and DR DOS became Novell DOS 7; later, it was part of Caldera Systems (as OpenDOS and DR DOS 7), Lineo, and DeviceLogics.

Microsoft and IBM later had a series of disagreements over two successor operating systems to DOS- Microsoft's Windows and IBM's OS/2.[13] They split development of their DOS systems as a result.[14] MS-DOS was partially transformed into Windows; the last version of PC DOS was PC DOS 2000, released in 1998."

Sieg

[insulin]

Ok I will admit it has been a very long time since I watched Pirates of Silicon Valley. Happy now...

Anyway we have apple OS, we have Linux and we have UNIX then we got Novel and there are a number of OS’s actually. Most of them use the Linux code so let us not get to peckish. All of these are good some of them are really good but complicated and some of these will drive you nuts. Then we have MS. Most if not all computers support MS. They use it and it gets used... But the OS demigods will persist why? They have money... and money is keeping them in business. See the OS of 1981 and 2007 is a world apart when it comes to functionality. Now I am sure you will find something on the net that will discredit me again... and I don’t mind because the point I was making is that it is harder today to make money now then what it was in 1981!!!

[Dave A]

Whether you believe you can or you believe you can't, you're right. (Henry Ford, I think).

[insulin]

Realistically one is not restricted by mindset rather by funding. Fact is if you start something small it will grow into something bigger but it will take a lifetime to achieve financial freedom where you will have your first and second Billion. So the restriction is time. Fact is there is only so many ways to generate true wealth. However if you have money to start with... Then your chances of getting that elusive billion improves dramatically. Making money is easy... All you need is knowledge of the market you want to enter and you will get rich but if you want to be a billionaire things get a bit more interesting...