I have been watching a lot of Shark Tank this past week or so and I have been really impressed in the way the sharks handle the negotiations, judge a product and strike a deal with the entrepreneurs.

As you may know most of these sharks are millionaires and some of them are even billionaires which, to be frank, is not even a dream for most people in the world just because that’s just a ridiculous amount of money that the average joe can’t even imagine.

Anyways, I was most impressed by Mark Cuban and I did some research on his life and how he made his way to a net worth of $3.3 billion, which is just bonkers. I really learned a lot and realised that people in their positions do two things to reach where they are today.

First and this is really important, they do innovative things at the right time and second, they absolutely nail down the fundamentals that most people simply overlook in a bid to be “different”. Today I want to talk about 5 advices from Mark Cuban himself to help you get a little bot richer.

Live Like A Student

This is just a fancy way of saying to live a life where your cost of living are as low as possible. Don’t worry you won’t always have to do this because then what would be the point, right? This is more of a beginner’s phase when you are just starting out in the world of work.

Cuba advises to suppress your desires relating to things that are simply unnecessary like that awesome car you want or the fancy clothes even. What this does, is it saves you a lot of money over a period of time although it might not seem much and could provide you with seed money for any venture you would like to pursue.

Save Six Months Income

Life is really uncertain and you never know when it will smash a brick on your face and completely catch you off guard. Therefore you need to be prepared at all times for a period of time assuming the worst of the worst. That is why when things are going good or even going well enough, you should have at least 6 months income as savings.

Why six months? Well, 6 months is a long time for you to be able to change things around for yourselves no matter how hard you have been hit. It ensures that your basic requirements are fulfilled in the least and can get back on your feet. A lot of people live paycheque to paycheque and that can be really scary.

Don’t Use Credit Cards

I personally love this one as I have never used a credit card in my life. I absolutely hate using them and the reason is simple. I don’t believe in spending what I don’t have and that’s exactly what your’e doing with a credit card. These days everyone wants to sell a product and therefore credit is availably abundantly.

But your self control takes a huge hit when you’re using a credit card for purchases because you always assume you will be able to pay it off in the future. Well, guess what? Life can be brutal and sometimes you just can’t do it. Then come the calls from the bank to collect the sum and it only gets bigger and bigger the longer you can’t pay, keeping you in a vicious cycle of debt. Completely opposite of getting richer.

Invest In Cryptocurrencies

I can’t believe Mark Cuban actually suggested to invest 10% of your savings on cryptos like Bitcoin or Ethereum seeing how he dissed Bitcoin some weeks ago. Still, he believes it to be a high risk investment and advises you to “pretend that you’ve already lost your money”. Although I don’t believe in that last part, I still believe in the former.

Cryptocurrencies are certainly the next disruptor, not only in the tech space but economic and financial as well and this wave is being touted as much larger than even the dot-com bubble which saw the rise of so many millionaires and billionaires. So, yes, absolutely invest in cryptos. I would personally add Steem to that list as well.

Read Books

This is something that almost every single successful person on the planet will suggest you to do. Even though we are habituated these days to look up any information online, books are still the way to go to enhance your knowledge in any particular field you want. They are often well researched, and written by respected authors from whom you can learn a great deal.

As Mark says, all you need is just one idea you read in one book to launch you into a completely different direction, one where you could end up being more successful and richer than you never thought possible for yourself. History is filled with such examples and you could be one too. Who knows, am I right?