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Hidden Secrets of Success from the Top 100 UK Millionaires

Having a machine or a system; a template for creating wealth that can be copied or followed by just about anyone is not a new idea.

Napoleon Hill was commissioned by Steel Magnate, Andrew Carnegie to study 500 of the richest people in America to discover the Secret, the Magic Formula that made Carnegie and his friends their stupendous fortunes, the objective was to share this system with everyone who was interested -so we can follow the step by step instructions and make our own pile of gold.

After 20 years, Napoleon Hill had identified 20 fairly vague and wishy washy characteristics. To find them, you have to wade through the slightly antiquated chapters of his book ‘Think and Grow Rich’.

Instead of taking this long and unproductive approach to find the truth, which ultimately left Hill in poverty, I have taken just a few days to study, in depth, the top 100 richest people in the UK – in search of the most common, concrete strategies; clear paths that they have followed – so you can build these into your own plan for building your fortune.

Of the Richest 100 in the UK, we can immediately weed out 43 who Inherited their wealth or were born as members of the Aristocracy. You can also ignore the millionaires who gained it more by luck than judgement (like Mahdi al-Tajir who made his first fortune by being head of Customs in Dubai) and there’s no point in looking closely at those who were just in the right place at the right time, like the Russian Oligarchs who made their dubious fortunes from the privatisation of Russian State Utilities, even though I recognise these people are still entrepreneurs, making the best of the opportunities they created or discovered.

There are 70 Hedge Fund Managers in the top 1000 richest in the UK, making this one of the most likely career paths to millionaire status. I doff my cap to all these people and especially to the 3 Hedge Fund Managers who reside in the top 100, they are hugely successful entrepreneurs – who have taken to heart one of the reoccurring keys to creating wealth: ‘Put Yourself In Front of the Money’… But Wealth Creation in the Hedge Fund business should be the subject of a more detailed separate report. In this briefing document, we’ll stay focused on the entrepreneurial paths to enormous wealth, that you are more likely to feel are within your grasp, without having to pass exams or gain qualifications to get started.

Incidentally, while we are thinking about ‘putting yourself in front of the money’, Lily Watkins, daughter of a British railway engineer, made her Billion dollar fortune over 4 marriages; she divorced her first husband, the second committed suicide, the third divorced her and the fourth died in a house fire… perhaps we should mention ‘choosing your partners carefully’ as a key to wealth (or not losing it!)….

But the real focus of this report is on the 48 true, from scratch, self-made entrepreneurs who have gained their places in the top 100 through their own wit and hard work. They started life just like you and I, with a random pack of cards; some poor, some middle class, most of them not particularly beautiful or handsome (you can enjoy the fact that you are probably better looking than the majority of the richest people in the UK!), some with university degrees, several who left school at 16 with no qualifications, many of them are moderately overweight (not enough to make this a requirement for budding rich list entrants!), skin colour and hair colour just don’t matter when it comes to wealth!

But there are three concrete strategies; methods for creating and multiplying wealth – that do appear in almost every case. There are, of course, many common tactics – detailed methods – used by the super-rich that we’ll be defining in other reports – but here we’ll just look at the three overarching strategies that just about all of these 48 richest UK self-made entrepreneurs used to build their fortunes.

By admin