Why Jeff Bezos Is Now Worth More Than Bill Gates.

Bill and Jeff. 

Who is Bill Gates?

Bill Gates is an American business tycoon, philanthropist and the highest shareholder of Microsoft corporation. He is known for his lavish philantropism and ground breaking donations to charities. Among the world's greatest philanthropist, Bill Gates has contributed the highest quota to charity homes with over $35 billion in donations.

Apart from Microsoft which the billionaire is known for, he holds significant shares in several companies.

Bill Gates is the

1. Co-Founder and Technology Advisor of Microsoft.

2. Co-Chairman of the Bill and Melinda Gates Foundation.

3. CEO of Cascade Investment.

4. Chairman of Branded Entertainment Network.

5. Chairman of TerraPower.

In 2017, Bill Gates was worth over $86 billion, according to Forbes list and was the richest man in the world.

Who is Jeff Bezos?

Jeffrey Preston Bezos is an American retail entrepreneur and philanthropist, popularly known as the founder, chairman and chief executive officer of Amazon, the largest online retail store in the world. The american business magnate has taken the leverage of E-commerce as amazon makes trillions of sales yearly.

In 2017, Jeff Bezos was worth $72.8 billion and was ranked the third richest man in the world.

What has changed in 2018?

Bill Gates who has been the fourth richest man for four years in a row and has held that world record for 18 out of the past 23 years has suddenly been overwhelmed by amazon's trending chief executive officer, Jeffrey Preston Bezos.

It is a big surprise to everyone including Forbes, that the business tycoon could outsmart two of the world's most powerful billionaires, the gigantic Bill Gates and Warren Buffet the Berkshire CEO, then boom he is suddenly at the top.

Also, as of the 21st of February,  the trending billionaire was worth $123.6 billion while there are still expectations for further rises.

Why the sudden upsurge?

It is unequivocal that the majority of Mr. Bezos's wealth is accrued from his millions of shares in the Amazon corporation. Our billionaire holds about 78.9 million shares of the rapidly appreciating Amazon stock. Most people have wondered the reason behind the sudden upsurge but the billionaire did his homework carefully.

Yes of course, the amazon share rose by almost 57 percent in 2017 but why?

It all started in November 6, 2014, Amazon's virtual assistant, Alexa was for the first time utilize in an innovation of a Smart speaker series. The first of which was the Echo dot. Echo dot was released in November of 2014. However, the genius innovation did not start to gain popularity until October 20, 2016 when the second generation of the Echo was released. Sales caught momentum immediately and the effects were evidenced in Forbes reports on the world's richest people in 2017.

This is what Forbes had to say.

" Amazon’s Jeff Bezos had the best year of any person on the planet, adding $27.6 billion to his fortune; now worth $72.8 billion, he moved into the top three in the world for the first time, up from number five a year ago."

However,  that was just the beginning of dividends for a good homework. Other versions of the Echo was released shortly after the Echo Dot, and that even yielded the shocker every one is witnessing today. Well,  it was not magic, It was simply a homework done well.

Could Jeff Bezos become the world's first trillionaire?

Many people including myself have always taught Bill Gates will someday become the world's first trillionaire. However we all are surely witnessing a turnaround in that notion.

These are the reasons behind this analogy.

Come to think of it, since 2016, the trending billionaire has for two times now had an incredible plus to his net worth. His $45.2 billion(rank 5) net worth in 2016 rose to $72.8 billion(rank 3) in 2017.  That's an incredible addition of $27.6 billion.
And now in 2017, he suddenly makes an additional $50.8 billion  move, which is even more than his entire net worth in 2016. He is now on the $123.6 billion point (rank 1).

With his pace, I think he has better chances to become  the world's first trillionaire but that absolutely depends on the market.

However, according to the outstanding research by NPR and Edison research one in six Americans now own a smart speaker. Amazon holds 11 percent while it's competition Google Home holds 4 percent of the market share.

Also, a recent survey estimated sales of over 10 million Alexa products since 2014, and Edison Research reported that an estimate of 42 percent of smart speaker users own two or more devices.

 This means a great future for the Amazon corporation and it's CEO. Even though there are some sentimental statements, more people are coming to like the smart speaker industry, day by day, of which Mr. Bezos holds the leading market share.

Don't be surprised if his net worth doubles by 2019.

However,  Google is now a major competitor in the market and Apple is soon going to debut the Apple HomePod. This is going to be a challenge for the Amazon corporation  as it will have to embrace sophisticated approach that will meet the demands of customers, so that it continues to control the leading market share.

It has been argued that Bill gate should be far richer than Jeff Bezos if not for his extravagant philantropism. According to Bloomberg, Gates has given away almost 700 million Microsoft shares, worth 61.8 billion dollars at today’s value, as well as 2.9 billion of cash since 1996. But I think it's a good thing that the financial father of the world is teaching his teammates how important helping others is.  I also think the billionaire has dealt a tremendous impact on the world due to his selfless philantropism. Meanwhile the future can't  be 100 percent clear,  he may as well teach his teammates what makes him the billionaire of first resort.


Do you think Bill Gates will surpass Jeff Bezos come 2019? Say your mind below.

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TWO STRIKING REASONS YOU KEEP FAILING IN THAT BUSINESS

Building a business is one thing, another is how the business is managed and the longevity of such businesses or investments. A survey shows that there are over 28 million small businesses in the United States according to SBA, but only about 50% survive and just about one-third survive 10years more.

A business may fail due to several reasons, but the bad news is that most entrepreneurs do not discover this until the damage has been done. I am going to discuss broadly, just two reasons why you keep failing in that business.
 

Failure is a bruise not a tattoo
You can still improve now!!!

1. A WRONG FOCUS

Most investors and businessmen concentrate on just profit making and interest whereas they are not concerned about how the other factors of production must have to work together for the sustainable success of the business enterprise. A greater percentage of young and upcoming investors, businessmen/women start up a business, employs labor and instantly starts expecting high returns, but this is improper. As business persons concerned about how long your businesses can stand the test of time and competition, you should have the right focus which is centered on good customer services. This is a very important factor that determines how long a business can survive. Applying this may not be very profitable at the start, but trust me you will win the market. A good entrepreneur should treat the customers like assets and  not liabilities, he should have a way of making them feel special, important and ensure their needs are properly taken care of by asking some of the questions

like how can we serve you better? how are we doing?, and can we serve you some other time?. This will help reveal the true needs of your customers and how they feel about your business. Having understood how the business is doing and how it can get better, being able to give your customers a satisfying response is what creates the trust and bond needed to elongate your business, stand the test of time and at the same increase the profit level of your business in almost no time. This reaffirms the market statistics that shows that a satisfied customer always comes back with at least 10 other customers craving the same satisfaction. But be mindful it is Vise-Versa when the customer is dissatisfied.

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Good customer service pays!

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One customer well taken care of
could be more valuable than $10,000 worth of advertising
Jim Rohn

2. POOR MANAGEMENT SKILLS

Entrepreneurs poor management and relation skills are one of the major causes of failure in a business enterprise.

It's not the plan that is important,
it's the planning
Dr. Graeme Edwards

The management of a business from the financial management to the front-line employees (customer service department) should be properly trained on basic management and customer relation skills as related to their areas of specification. The best entrepreneurs are known to constantly seek training, learn and reach out to mentors and financial advisors to improve their leadership skills. So, for sustainable success of your business special attention should be given to your front-line employees, by this I mean those that relate directly to your customers. Customer relation training programs and seminars should be conducted at intervals to ensure your front-line workers are at their best and consequently, a proper relationship between your business and your customer will be assured. Employees under this department should be treated with utmost care and handsomely rewarded, as their efforts are what determines the growth of any business.

Marketing statistics shows that a satisfied customer always comes back, but with at least ten other customers craving the same satisfaction.

There are a lot of other reasons why a business can fail but I can't take all that in one blog post. Hope to meet you in my next blog post and don't forget to subscribe. Thanks for being on the team.

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What is the Greatest Mistake any Investor Will Ever Make

THE GREATEST MISTAKE OF AN INVESTOR

As an investor in the competitive market, there are a lot of mistakes you can make that can cost you your place in the field. Among these many mistakes, I will discuss the greatest among them.

NEVER PUT ALL YOUR EGGS IN ONE BASKET

This is one great lesson you can’t afford to forget as far as the world of investment is concerned. Depending on one company for investments can be very disastrous to your financial status. Am not saying one should be jack of all trades and master of none, but in the investment world, as there is a word termed "niche" which means the field of specification in terms of the services a company renders and the goods and information they provide or simply an area of concentration, there is also “diversification” which is the process of a company or business enterprise enlarging or varying it range of products or field of operation. Therefore individual investors, business owners, and companies should learn to diversify investments, range of products or field of operation.

MY STORY

During my youthful life of investment, I went through a whole lot of setbacks for the lack of proper financial education. I had always believed that for one to acquire wealth he will have to work harder and harder and as such, I concentrated all efforts, resources, and cash to this business of mine. But it turned out I was making a grievous mistake. I invested all my time and effort into developing my first network business. But the huge mistake I made was ever focusing all resources time and effort into one business without a backup plan. After investing all the savings I had on the network, I noticed it yet needed more financing and as at then, my passive income was lagging which resulted in the folding of the business.

I LEARNT MY LESSON THE HARD WAY

When the business folded, I had then understood the greatest mistake I made as an investor. But that was a way too hard way to learn because I ended up losing everything. But yet, the lessons I have gotten from that experience is what has made me financially free and the same lesson is what I want to share with you today. That one of the greatest mistake an investor can ever make is putting all his financial eggs in one basket and most especially, without a backup plan.

THE INSPIRATION

After the tragic fall, I had a very hard time coping with my very competitive world again. I felt such guilt in the face and carried it about wherever I went. One breezy evening outside my homely cottage, I was surfing the Internet and came about a very inspiring story of the famous investor Warren Buffet. I read his success story nonstop and soon realized what mistakes I made and how to correct them. Here, I discovered how he had carefully and properly diversified his funds until he got to become the 3rd richest man in the world by Forbes. I immediately got inspired and having acknowledged what harm financial illiteracy could do, I started investing in my financial education and never again did I forget the most important thing warren buffet did “careful diversification of funds”. Today am financially free and don’t have to bother about anything.

THE RELEVANCE

Putting all your financial eggs in one basket means risking everything on the success of one venture. Never focus all resources on one business or you could lose everything. There are three rules to avoid this mistake.

1. Properly diversify
2. Persistently diversify
3. Perpetually diversify

Many investors make this mistake of investing all their resources and prospects in one company, as some financial investors will tell you to put all time and effort in one business to ensure it works out before setting out for another. The fact is concentrating on one company or business can be very dangerous to your portfolio. This is because if the company or business you are investing on folds then you lost all your financial eggs. But what if you are trying to build a business of your own like I did. When building your own business, it will demand time, attention and a whole lot of cash and effort. You should have to concentrate your efforts in order to make this business a success. But the point is, you don’t start a business when there is no positive cash flow already coming through, as statistically, it will fold when there is no proper financing. This was the biggest mistake I made and it haunted me. Therefore as prospective businessmen and investors, what you want to do is properly diversify, persistently diversify and perpetually diversify. Not only should you invest in different companies, but make sure you have a variety of asset classes, sectors, and industry groups.

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DISCOVER THE INFLUENCE, WORDS YOU USE ON DAILY BASIS HAVE OVER YOUR FINANCE

Mental effort defined

Hey, today we are going to discuss why financial freedom is more of a mental effort than physical. A few days ago we discussed why working for money is not an option to become rich. Today I am going to show you how mental work is more necessary than the physical effort. This is because the mental effort helps you work with the right focus. To be financially free, one needs to work on both aspects of financial success. You need to take both aspects seriously. Financial success is achieved when one is in the right mental and physical path. The following conversation took place between Mr. and Mrs. Stephen...Hey, honey get me the jar of milk...but Stephen that’s finished. And the butter? of course, that's finished too Mrs. Stephen answered. Oh, I see, am just gonna eat the bread raw today. Mrs. Stephenson replied, our income is behind our expenses and we can’t afford most of this stuffs anymore. Pause, that’s what we are looking for. Many people ignore the power of positive thinking because it’s not one of those things that can stand straight and talk to you. According to the great financial philosopher Robert Kiyosaki, our mind is our greatest asset. But I say our mind is our greatest asset as well as our greatest liability. It is either you choose to develop it to become an asset or it remains a liability. Mr. Stephen worked for a construction company and being that he was recently promoted, he wanted to upgrade his standard of living as well. He spent money renovating the house, bought a new car and has almost used up his residual income. Then the above conversation took place. But what we want to take a deep look at is Mrs. Stephen's reply “our income is behind our expenses, we can’t afford most of this stuff anymore”.

Sometimes people say anything they think of not realizing that what they say shapes their mind and consequently their actions. Being that your mind can be your greatest asset and at the same time liability, you may want to consider the words you speak as concerns your finance because positive words build your mind and consequently begets good financial effort but with negative words, the reverse is the case. Take a look below.

HOW WORDS AFFECT YOUR FINANCIAL MINDSET

The poor say	The rich say
I am poor	How can i get rich
I can't afford that anymore	How can i afford that
There are no good jobs	There are many opportunities how can i see them
I can't cope without this job	What should i do apart from this job
Save save save.......	Save. Invest, invest.......

Have you gone through the table above? Now go through it again and this time allow your mind to feel as it reads. You will notice that what the poor say makes you want to settle for less but the words of the rich are encouraging as well as puts you in the right mindset to take the physical action. So, it is obvious that if you want to attain financial freedom, you should acknowledge the leverage of your words and use it rightly. This is because when you are in the right mental state financially, you tend to act accordingly. Your efforts will have a focus and you will find yourself always on track. So, the right words modify your mindset and auto-directs your effort.

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The right words modify your mindset and auto-directs your effort .

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WORKING FOR MONEY NOT AN OPTION IF YOU WANT TO BECOME RICH

I was reading an article and I came across this “working for money is not an option if you want to become rich”. Well, I kept wondering what the writer was trying to say. I mean should everyone stop working and focus on being and employer…should every start creating their own businesses? Well maybe be. But the fact is that working for money is not totally bad as some investors may deem it. It depends on your concept or reality as to why you are actually working.

A majority of young people still believe in the cardinal rule of going to school and getting a good grade after which they get a great job and start working. This class of people end up working and working so hard just to meet up with their bills. The truth is if you really want to make it young and retire on time you need to start reviewing the reason why you are working. Do you have the right mindset and reality when it comes to your job? Or do you just work, earn, spend and work again and again.


WORKING FOR MONEY
Literally, working to get paid is not bad, as in some point in life one might need to work to raise a few dollars. But you should know actually, that it’s just but to raise a few dollars, invest it and off you go. Many go into the corporate world get highly paid and relax forgetting that pretty soon they will have to retire and might have nothing to boast of. It’s very necessary to understand how to raise your capital in order to start a profitable investment that is worthwhile, but if you chose to work for a firm to get paid that is totally fine but the question is under what mindset are you working. Many believe in this idea of getting a good job that pays well and then relaxes and waits to believe that as they climb the corporate ladder, they may get a higher pay. So, they keep working and working expecting a promotion and an unlikely pay rise. In my own opinion that is not the best way to achieving the great wealth you crave. I am going to discuss working for money in 3 different perspectives read along and see what you were missing all this while.

WORKING AS A WAY OF GETTING INCOME
This is that particular part where many fail the test. Although working for income is not bad but getting a job and seeing it as a way of generating an income you live on is a pretty wrong concept. Think about it, after getting the pay, there are lots of bills to be cleared, rent, electric bills, and a lot more. When all of this is solved, then there is absolutely nothing left to boast of and that is what I call the negative cash flow. So if you see working as a way to get income, it is really not the best move for you and you might want to consider the other two perspectives of working with a firm.

AS A WAY TO LEARN SOME BASIC SKILLS
Yeah, financial progress is more of mental than physical. This might take a little while for one who is totally new in the field to understand but it is really about changing your reality- the way you see and do things, the way you think and feel about money. It is the ability to see a possibility in what others have considered impossible. If you want to grow financially free you must work to learn and not to earn. Though you earn anyway, that isn’t your focus. The focus is the invaluable education and experiences you are getting. Working to learn and not to earn is one basic paradigm change everyone heading the lane to financial freedom must have to experience.
This is very important for everyone but most important for new and young investors coming into the world of business.


WORKING AS A WAY TO RAISE CAPITAL
This is where I do encounter some problems because it kind of clashed with “working as a way of getting income”. But take a closer look and carefully analyze the two captions. You will get to notice that the difference is in the paradigm. The first persons are just interested in the income, as it is not seen as a leverage to create another possibility out of impossibility. The second person who is the professional worker and has undergone a paradigm shift sees his income not just as an income but as a gateway to creating more income, more wealth. He acknowledges what leverage he has if he can appropriately use his income. And using it wisely to make out a possibility of generating passive income through other investments, which is what I term the 'positive cash flow'. So if you want to be rich, you need to change your paradigm. By working as a way a way to learn and working as a way to raise capital. Don’t try the other, it can be very deadly to your financial growth.


We will treat more topics on how to change your view about some money in our preceding posts. what are you waiting for? Subscribe now to get these tips first.
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Discover the ultimate Focus Point...A must read for all investors

Whenever I invest, my first and primary focus is how that very investment can serve more and more people. Answering that golden question is simply what gives you the right mindset to invest cash and consequently generate cash flow. Cash flow is simply the income you receive from an asset each month, quarter, or year, minus the expenses required to maintain the asset. It is money that flows right into your pocket.

WHY CASH FLOW IS IMPORTANT.
Cash flow gives one financial freedom and independence and when you are financially independent, you are free to buy what you want, travel where you want, invest in what you want in short cash flow gives you freedom.

Cash flow = freedom

As long as you have to work, then you are not free. You may choose to work, but that is a very different thing from having to work. If I have to do something every day to generate money to live on, then I’m not free.


SERVE MORE AND MORE PEOPLE?
Yea, discovering how to serve more and more people is the secret to amassing great financial wealth.

This is because people need a solution to their problems and your ability to serve them by solving these problems gives you positive cash flow. Positive cash flow is money that comes in every month whether you work or not. My number-one goal in investing is to solve many people's problem and as a result, I get more cash flow coming in than is going out for living expenses. When I do that, I’m financially free. My assets work for me, instead of me working for money.

HOW CAN I SERVE MORE AND MORE PEOPLE?
Note that serving more and more people here simply mean providing trustworthy and lasting solutions to their problems. If you are really interested in knowing how you can serve more and more people then you are on the right track. These are the tips to solving more and more problems.


TIP 1: MEET WITH THE PROSPECTIVE SOLUTION SEEKERS
This is actually very important as people often find it very unusual talking to someone else about their business idea. It is actually very important that and as stated here the tip number one that if you want to really solve people's problem you have to first learn how to communicate with them in the most comfortable and polite way. This is one massive skill you can’t afford to joke with.

TIP 2: DISCOVER THEIR PROBLEMS AS YOU COMMUNICATE.

Discovering the problem is also very important. Why? Because this is what they want to be solved and your ability to solve more and more of them gives you financial freedom. Always listen to the main problem, because if you don’t your solution seekers per se will become bored and consequently leave because they are not getting the true solution to their problems. As Michael Leboeuf clearly stated in his book, customers don’t buy goods and services what they actually buy is good feeling and solution to their problems. So what you don’t want to do is to deprive them of the solution to their problem because they will give anything to get it even if it means leaving you for another.
 
TIP 3: BE CONSISTENT
In this case, my customers must always get the solution they need anytime they call on me. I can’t afford not to have a solution whenever am called upon. And very importantly, being that what they exchange their hard earned dollar with is the solution to their problems, it is not a must that you provide the solution yourself. Being consistent here means you must give a solution to the people around you anyhow, and from anywhere the solution may come.

TIP 4: ALWAYS ASK THEM THE PLATINUM QUESTION
How do we serve you better? How are we doing? These are the platinum questions. Asking your customers these questions does not only help you get better, it also has a way of keeping strong that connection that bonds you and the customer. So, always ask the platinum question and work to answer them by the proper action as this will create more avenues for serving more and more and consequently increasing your cash flow and making you financially free.

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