Many people know Trevor Noah as the most recent host of Comedy Central's The Daily Show and for hosting the Grammy Awards for the past three years.
Also the best-selling author of his book, “Born a Crime: Stories from South African Childhood,” Noah now hosts the podcast “What Now? with Trevor Noah” on Spotify. (PLACE) – Get a free report.
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In a January 18 episode, he sat down with billionaire Mark Cuban for an in-depth conversation on a wide range of topics.
Among the topics they discussed were Cuban's thoughts on how he would approach the challenge of building wealth if he had to start all over again.
Much common personal finance advice focuses on challenges such as getting out of debt, saving for retirement, making major financial purchases such as buying a house or car, and making smart investments.
Radio host Dave Ramsey, for example, urges people to get out of debt and establish an emergency fund before making major decisions about how to spend money.
Cuban offered insight into what he believes leads to financial success. Given his background, he focuses not only on finding ways to survive, but also on how to get rich.
The secret to prosperity revealed by Cuba might take some by surprise.
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Mark Cuban attributes many things to pure chance
In it podcast episodeNoah asked Cuban, if he had all the knowledge he has today but was forced to start over, if he thought he could repeat his success of becoming a billionaire.
“Not unless I get lucky again, right? I mean, could I find opportunities that take me there? And there are only a few of those types of opportunities,” Cuban said. “You can start a hedge fund and hopefully do well, then you raise a lot of money. You can take a company public. You can start a private company and get bought out. Those are really the main ways to get there. level of investment”. wealth. So could you try any or all of those things?
“If they put me in the witness protection program and no one knew who I was and I had to start from scratch but I still knew what I know now, I could do well,” Cuban added. “But I would have to look for some unique opportunity, because to be a billionaire, there has to be something that is very profitable, right? Something that just explodes financially.”
Noah spoke with Cuban about another issue that worries many people with families.
“Do you think you are raising normal, well-adjusted children?” Noah asked.
“That's the hope. That's the plan. You get unsolicited comments from friends, or not even friends, but just people your kids come into contact with, and they say they're good kids, and they're good kids, but they do the same thing. math,” Cuban said.
“You know, they read the stories and they know what to expect,” he continued. “And so, as much as we try to keep them grounded, we're not a household that has servants and someone who does everything for you all the time. It's just that we try to live as normally as possible, having a plane.” .”
How Cubans spend their time on a normal day
Noah also wanted to understand how Cuban approached his daily routine.
“This is something that's always fascinating,” Noah said. “What is your day?”
“I get up probably at 7 a.m., 6:30, 7 a.m., depending on the day. I lay in bed, check my emails, because I try to do everything by email,” Cuban said. “And then I'm in bed for an hour relaxing, checking my emails, responding to anything that's urgent, and then I get up, eat something, go exercise. And then I come back, rinse and repeat.”
“Because I literally try to do as few meetings and calls as possible and I try to orient everything toward email,” he continued. “And so, I mean, I'm on my phone or my PC all day, every day. And that's it. I mean, the whole value of being in this position is just being able to control your time.”
Cuban recently announced that he will sell his majority stake in the NBA team Dallas Mavericks and will leave ABC's. (DIS) – Get a free report Shark Tank television show after 16 seasons.
About leaving Shark Tank, Cuban said self-awareness and “reality” contributed to his decision.
“Even though all of my kids were in high school or younger, all of their schedules were aligned,” Cuban said. “And when we were filming Shark Tank in September and June, okay, we can make everything work, and then in the middle, the kids would do what we told them to do.”
“Now my oldest daughter is in her second year of college and wants to do her own thing,” he added. “The one in the middle is a very, very good rower, and she's being recruited and she's working hard to be amazing. And that's why her schedule drives the train, not mine.”
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