Mark Cuban Reveals 4 Rules To Becoming A Millionaire: 'Find Something You Can Be Good At. Then...'

Entrepreneur and investor Mark Cuban is one of the most well-known figures in the business and sports worlds. Cuban is also pretty open to sharing advice and tips on how to make money and potentially become a millionaire.

What Happened: Cuban is well known for his ownership of the NBA's Dallas Mavericks and in recent years for his commentary on cryptocurrencies like Bitcoin BTC/USD and Dogecoin DOGE/USD.

Cuban led the way with the Dallas Mavericks becoming one of the first sports teams to accept Dogecoin as a form of payment back in March 2021.

The five-year chart from Benzinga Pro below shows Dogecoin surging from March to May 2021 before falling after hitting all-time highs. Dogecoin has fallen in recent years, but remains higher than when Cuban led the initiative.

Investing in cryptocurrencies like Dogecoin has helped some people become millionaires, but like other investments requires levels of patience, luck and can be risky.

For everyone else, Cuban has some advice that could lead to becoming a millionaire.

In 2022, Cuban shared four rules to making money and becoming a millionaire in an interview with GQ, as shared by CNBC. 

"If you want to be a millionaire, you can do it, but there's a couple things you have to be able to accomplish," Cuban said.

Rule 1: "Find something you can be good at. Then, be great at it."
Cuban's first rule is possibly the most important, as a person needs to focus on their strengths and develop those skills as their focus area. This could be a certain vocation, a sport or creating content. A passion for something can often translate into putting in the necessary work and effort to be successful.

Rule 2: "Know how to sell."
Cuban sold trash bags door-to-door when he was 12 years old, CNBC reported. This was done by Cuban to earn money to buy sneakers. Cuban bought the trash bags for $3 and sold them for $6. Part of Cuban's sales pitch was the offer to be available by phone whenever someone needed the trash bags and the offer of delivering them in his wagon.

Read Also: Mark Cuban On Guns, Immigration, Sleeping Habits And His Favorite Word — ‘It Makes My Day’

Rule 3: "Be curious and always learning."
Finding something a person is good at and becoming great is a key step. Another key step might be to continue learning and getting better at the subject or skill. Cuban has preached over the years that people should be willing to continue learnings and striving to improve.

Rule 4: "When you walk into a room, you (need to know) your s*** better than anyone else in the room."

Cuban said that this is the important step before starting your own company and being able to "control your own destiny."

Cuban has often shared that many times great leaders and businessmen fail several times before making it. Cuban said it doesn't matter how many times you fail, since being right only one time can be the difference in life.

Read Next:

• Mark Cuban Shares Top Qualities Employees Need To Have: ‘Two Things That Matter The Most’

This article was previously published by Benzinga and has been updated.

Photo: Shutterstock