This year there are 20 American billionaires under the age of 45. The youngest member is Dustin Moskovitz. The 29-year-old Facebook FB -0.99% cofounder has been the youngest billionaire in the country since he first appeared on the list in 2010. This year his net worth has nearly doubled to $5.3 billion, thanks to his 5% stake in the ubiquitous social network.

Mark Zuckerberg, the Facebook CEO, comes in as the second-youngest FORBES 400 member, just 8 days older than his former Harvard roommate Moskovitz. Zuckerberg, however, has nearly 3 times as large of a fortune. His estimated net worth is $19 billion, up from $9.4 billion last year as the stock returned to its IPO heights. That’s good enough for him to rank as the 20th wealthiest person in the country.

1.  What billionaire do you admire? relate to? or are the most curious about?
Finding out about your most admirable billionaire is the first step in the right direction.

2. Visualize what you’d like to do to reach your goal of becoming a billionaire, then go after it.

3. To gather and fully enjoy your rewards, you’ll need to take care of your debts first.

4. You'll need an IRA (Individual Retirement Account) to pave the way for income.

5. Saving money is important, as money enjoys other money as company.

6. If you possess in-demand skills, get them in top form before climbing the ranks and earning your first billion.

7. Understand Finance & Entrepreneurship

8. Read up on a few of your favorite billionaires and gather a few tips as to how they became so rich.

9. Keep Your Planning On Track

10. Buying real estate is a great way to embark on your billions.

11. Be aware of the market you plan on investing in. This way you can come out making money, not losing it.

12. Buying into one or creating your own is a great way to create money. So plant your moolah wisely.

13. Buying or selling stocks is another great way to bulk up your investments.

14. If you don't have the money for large stocks, try direct reinvestment plans or direct stock purchase plans.

15. Having a higher minimum account than a savings account, Money Market Accounts are the way to go.

16. Government Bonds

17. You’ll need someone to help you manage your money, so a broker will come in handy big time.

18. Don’t hold all of your investment in one place, spread it out a bit.

19. Make Good Decisions

20. You can’t make money from the same source forever, so knowing when to leave is the best bet to remain a billionaire.

Credit:  wura tv, forbes, Accra24

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