Mark Cuban Net Worth = $4.1 Billion
Mark Cuban is an entrepreneur, investor and TV personality. He is known for owning the Dallas Mavericks, and for being one of the investors on the hit TV show Shark Tank. Cuban started out as an entrepreneur at the tender age of 12 by selling garbage bags, stamps and coins.
He learned early on how to find a need and capitalize on it by making money. During his time in college at the University of Indiana he had a tonne of different business ventures there.
Mark Cuban eventually built the company MicroSolutions and sold it to HR Block for $6 million making him his first $2 Million dollars. He then built up his second big company in Broadcast and sold it to Yahoo for almost $6 Billion. Mark Cuban officially was a billionaire and a big player.
Source of Wealth
Quotes to Prep for the Mark Cuban Net Worth and Key Habits
“Work like there is someone working twenty-four hours a day to take it all away from you.” Mark Cuban
“I’ve learned that it doesn’t matter how many times you failed. You only have to be right once.” Mark Cuban
“It’s not about money or connections, it’s the willingness to outwork and out learn everyone when it comes to your business. And if it fails, you learn from what happened and do a better job next time.” Mark Cuban
“Money is a scoreboard where you can rank how you’re doing against other people.” Mark Cuban
“One thing we can all control is effort. Put in the time to become an expert in whatever you’re doing. It will give you an advantage because most people don’t do this.” Mark Cuban
Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don’t do it.” Mark Cuban
Habit #1 - Go Sell
Mark Cuban has always understood that sales don't lie. Nothing matters until you can get people to cut a check. He does not work with companies like Facebook that wait for years to start generating revenue because most companies like that die. Mark Cuban believes that the best way to prove yourself is to go out and sell.
Life is always about sales. No one can hate sales because you are always selling something even if its just yourself. Getting good at this skill will provide a massive return on your investment for your life. The ability to get people to give you their money without even thinking twice is how you build a big business.
Habit #2 - Live Broke
Mark Cuban was building his companies but he was living broke. He kept his expenses low so that all his money could be poured into his company. He was not going out and buying a nice car, or buying the latest gadgets or constantly going on dates. Mark Cuban was sleeping on friends couches with no car in his name. He made sure that he did not owe a bunch of people money so that he could keep investing in his business.
The world loves to trap you into payments. Loan payments, car payments, house payments, credit card payments and any other payment form you can think of. As long as you owe other people money it makes it harder to invest in the things that you really want to do and it sucks. Live way below your means and people will laugh at you because you don't have all the status symbols that they have but in time it works itself out.
Habit #3 - No Excuses
Mark Cuban is awesome because he is big on not making excuses. Everyone has an excuse on why they can't get it done or why they are in the position they are in. The problem with excuses is that they lack ownership and they never improve your situation. No ones life improves because they made a tonne of excuses.
What you should do instead is be brutally honest with yourself and figure out what the cause of the problem is instead of just trying to push blame to other people as much as possible. When you own your mistakes and your life, it becomes easier to see how to move past your current roadblock.