(qlmbusinessnews.com . Tue 19th Aug, 2025) London, UK —
How to Get Rich According to Mark Cuban: Saving, Sacrifice, and Hard Work
A self-made billionaire has shared his blueprint to attaining wealth, emphasizing the importance of diligent saving and sacrifice from day one.
British-American investor and television personality Mark Cuban, known for his ownership stake in the NBA's Dallas Mavericks and 2929 Entertainment, as well as his role on ABC's Shark Tank—a format inspired by the UK's Dragons' Den—recently divulged on his blog the fundamental steps he believes are crucial for achieving financial success. At 66, Cuban's journey from a humble beginning, sharing a living space with five others and sleeping on a hard floor, to securing a spot on Forbes' World's Richest People list serves as a testament to his financial acumen.
In a 2011 blog entry titled, “How To Get Rich,” Cuban expressed, “It doesn't suck to be rich.” He acknowledged the universal curiosity regarding wealth accumulation, stating, “The question everyone wants answered, is how to get there.”
Cuban was adamant that there is no one-size-fits-all strategy or shortcuts to affluence. His initial piece of advice is straightforward yet challenging for many: “Save your money. Save as much money as you possibly can.” Recognizing the difficulty of this task, Cuban elaborates, suggesting frugality in daily spending, such as opting for water over coffee and homemade meals over fast food.
Offering financial guidance across platforms, including TikTok, Cuban insists that aspiring to riches necessitates discipline, especially in how one manages credit. He advises, “If you use a credit card, you don’t want to be rich. The first step to getting rich requires discipline.”
Highlighting a key aspect of financial wisdom, Cuban believes that smart shopping and prudent saving are critical starting points. “You have to give things up…But whatever you can save, save it. As much as you possibly can.” For Cuban, the initial goal is to generate a safety net, not saving for retirement but for the “moment you need cash.”
Upon mastering the art of saving, Cuban urges individuals to immerse themselves in their passion or chosen industry, suggesting, “Find the one you love the best and GET A JOB in the business that supports it.” He encourages a mindset of learning over earning at the start, with an emphasis on continuous education about the business, including reading trade publications and engaging with industry insiders.
Cuban's roadmap to wealth, however, is not a short journey. He stresses the importance of patience and persistence, underlining that the path to richness spans years, if not decades. “I didn’t say this was a get rich quick scheme. This is a get rich path.”
[Disclaimer: Not Financial Advice]
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