Trump: Think Like a Billionaire: Everything You Need to Know About Success, Real Estate, and Life

By Donald J. Trump, Meredith McIver

1,902 ratings - 3.65* vote

It’s not good enough to want it. You’ve got to know how to get it. Real estate titan, bestselling author, and TV star Donald J. Trump is the man to teach you the billionaire mind-set–how to think about money, career skills, and life. Here is crucial advice on investing in real estate from the expert, everything from dealing with brokers to renovating to assessing the value It’s not good enough to want it. You’ve got to know how to get it. Real estate titan, bestselling author, and

... more

Book details

Paperback, 288 pages
September 27th 2005 by Ballantine Books

(first published October 12th 2004)

Original Title
Trump: Think Like a Billionaire: Everything You Need to Know About Success, Real Estate, and Life
ISBN
0345481402 (ISBN13: 9780345481405)
Edition Language
English

Community Reviews

Manny

I have not read this book, but Donald Trump's campaign has been one long lesson in the art of thinking like a billionaire, and I believe I have grasped the main points.

When you think like a billionaire, you don't pay tax. You have accountants who know how to get you out of this annoying and old-fashioned requirement. When people ask you about it, you tell them to mind their own fucking business. Nearly all the time, they do.

When you think like a billionaire, you don't pay your creditors either, unless you judge that it's in your best interests to do so. Quite often it won't be. You aren't planning on continuing the relationship, so why pay? If they sue, you have better lawyers than they do. You can carry on litigating forever. You won't even notice the inconvenience, but it'll ruin their lives.

When you think like a billionaire, you can forget those dumb ideas about treating women with respect. If you're sitting next to an foxy chick at dinner, you can just put your hand up her dress. She won't yell, slap your face or call the cops. Quite a few of them will like the attention. The ones who don't will be smart enough to keep quiet.

The very best part of thinking like a billionaire is that you don't have to feel bad for any of this. You can talk openly about it and people will admire you. You can run for president on a platform of being a real guy instead of a stuffed shirt, and they'll come flocking to your rallies. You can say whatever comes into your head and they'll cheer. If anyone disagrees, just tell your fans to rough them up a bit. They'll be happy to do you this little favor. You are what they want to be, and they love you for it.

Vote Trump!

W

Say what you will about Donald Trump,I find his books very amusing.

When I found this book,Donald Trump was not a politician.I picked it up at an airport.

I was vaguely familiar with Trump,having seen his picture in the gossip pages of magazines. He seemed an amusing figure and that name,Trump,stuck in memory.

This book claims to teach the reader "everything about success,real estate and life".

These insights,of course,would be incomplete without referring to Trump's reality TV show,The Apprentice. In that show,he seems to take particular delight in firing people.

The reader is then shown glimpses of the billionaire's wonderfully successful life.Advice is even offered on what to eat,and how good Trump's hair is.

He talks about his properties,his golf courses,his opulent penthouse and even his fondness for beautiful women which he indulged through the Miss Universe pageant.

And he pats himself on the back for pulling off all those immensely profitable real estate deals. It is a celebration of how clever he is.

The pompous tone of this book made me smile and laugh a good deal.

Naja Faysal

I don't understand why a big chunk of this book focuses on The Apprentice and very little is going towards real estate investment strategies and tactics... I don't need to know the details of a TV program, i need to learn mindsets, strategies and techniques. So, in brief this book IS FIRED!! :)

Shirin Abdel Rahman

I will advice everyone to read this book,since it is almost the only book that Mr Trump wrote to be read by everyone,So you do not have to be An Entrepreneur or Business driven to read it.
The Books is a group of advice/Articles about all aspects of life(work,real estate, Restaurant business, relationships)from the point of view of a media and real estate tycoon.
1st Part bout Real estate(how to buy/sell/rent a property-how to deal with a broker-how to add value to your property).
2nd part about money(how to find a good investment-how to save/manage your portfolio-how to divide your assets and invest in bonds and stock market).
3rd Part:is my Favorite so far ,Mr trump is talking about his business and his great comeback after he lost all his money and declared his bankruptcy,then his divorces,marriages and kids.
then based on his great experience he will offer advice about how to balance between marriage and business,how to pick a good spouse,how to love your job,how to dress to impress and promote your image as a businessman/woman,how to find real friends,how to pick your stuff for work,even etiquette and diet and what to eat when your are at work he did not miss it!
last part about his show the apprentice.
over all the books is pretty helpful and very well divided and definitely Mr trump is a bookworm and street-smart(he is Wharton business school graduate)

Vaishali

The How to Get Rich sequel. Sage business advice stops halfway through, however, supplanted by tales from "The Apprentice" and his daily schedule... making Never Give Up and Art of the Deal more informative, inspiring books. Trump-haters need only read this paragraph to gauge his tenacity with their lack of it :

================
“Years ago they decided to do a “Who is the cheapest millionaire?” test. They sent checks in amounts from $0.50 to $5.00 to a list of millionaires throughout the country. I received a check of fifty cents, and we at the Trump Organization deposited it. They may call it cheap; I call it watching the bottom line. The higher you climb on the list of billionaires, the cheaper people become. Every dollar counts in business, and for that matter every dime. Penny pinching? You bet. I’m all for it.”
================


10 Ways to Think Like a Billionaire
————————————————
1. “Don’t take vacations. What’s the point? If you’re not enjoying work, you’re in the wrong job.”
2. “Have a short attention span…. you can get more done faster that way.”
3. “Don’t sleep any more than you have to. I usually sleep about 4 hours a night.”
4. “Don’t depend on technology… I don’t even have an ATM card; I’ve never used one in my life.”
5. “Think of yourself as a one-man army… and live to the hilt.”
6. “It’s often to your advantage to be underestimated.”
7. “Success breeds success. The best way to impress people is through results.”
8. “Friends are good, but family is better.”
9. “Treat each decision like a lover… the day I realized it’s sometimes smart to be shallow was, for me, a deep experience.”
10. “Be curious… hungry to understand your immediate world. Otherwise you’ll lack the perspective to see beyond yourself.”


Real Estate
——————
“Always negotiate.”

“I would never spend more than 25% of what I earn on rent.”

“The real estate market can be terrifying, which is part of the reason I love it so much.”

“If you simply cannot afford a house that you love, don’t be shy about underbidding. Sometimes the seller will surprise you.”

“Never, ever accept a first offer, and always ask for better terms. Negotiate or be eaten alive… mortgages are designed to be haggled over, and not to do so is the equivalent of burning money in the street.”

“Know the tax history of the property.”

“I always think of interests rates simply as the cost of money…. like a yearly membership fee or a utility bill.”

“The lower the interest rates, the higher the possible fees. Read the fine print.”

“Renovation equals devotion… you should be as attentive to details as I am, no matter what the scale of your project.”

“I’ll be driving down the highway, see a great tree, and ask my limo driver to pull over. I’ll knock on the door. It’s usually a woman… and I’ll say, “Hi lady, I’d love to buy your tree.” She’ll say, ‘Oh my God, it’s Donald Trump! I can’t believe this is happening.’ … I’ve bought a lot of great trees that way…”


Wealth :
—————
“When you have a lot of money, it can cause misery. But I’d rather have that kind of misery, then the misery without it.”

“You can create luck… Even if you’re broke or in debt, your luck can change. You have to work hard to make that luck change.”

“Good investors are good students. It’s as simple as that. I spend hours each day reading the financial media.”

“You should think of your money as your staff. You wouldn’t let your staff sit around, so don’t let your money sit around either.”

“You should always feel comfortable bargaining for goods and services. I do it all the time… Even in high-end shops, I bargain.”

“I’ve walked into stores and offered $2000 for a $10,000 item. It can be embarrassing for me especially since everyone knows that I’m Trump and I’m wealthy, but you’d be amazed at the discounts you can get if you simply ask.”

“It’s moronic to be too proud to save money.”

“Pay attention to the small numbers in your finances, such as percentages and cents. The numbers that seem trivial add up, and have enormous implications.”

“My parents hammered frugality into me at an early age, and it’s the most important money-management skill a person can use… financial smarts.”

“Never fall in love with any of your investments.”

“Money, like anything, takes maintenance and planning to grow. Don’t ignore it, because if you do, you’re going to lose it.”

“Twenty percent of your priorities will give you 80% of your productivity… focus your time, energy and efforts on the top 20% of your priorities. That’s a 4:1 return on your investment.”

“If you have a great idea, no matter how much work it will require, get going. Don’t just sit there. There’s nothing more criminal and self-destructive than having a great idea and then putting it off.”

“Get a move on! Being rich isn’t a passive state.”

“Don’t take on debt for regular expenses. Debt should be used only to finance ventures and projects that will have a return to you.”

“… One area you can never stop working on in life is your money.”

“Wealth is a vehicle to achieve clearly defined goals.”

“People say, “Oh we don’t talk about money”, like it’s a swear-word or something. This stigma is asinine. It’s like enjoying being illiterate.”

“Your financial statement is your report card. If you’ve worked hard for an “A”, don’t let anyone downgrade you to a “D”.”


Work Habits :
——————
“Being ahead of the pack is the best place to be.”

“You are your own storefront, your own manager, and your own brand. So don’t screw it up by making bad business decisions in life.”

“Don’t ask other people questions you should be asking yourself. Billionaires think for themselves, stopping to review themselves and check their motivations at each step of the way.”

“Billionaires love their jobs.”

“Always pretend that you’re working for yourself.”

“You should always expect the shit to hit the fan every single day. It will prepare you in every way to face every business day, and it will also keep you on your game.”

“Never stop, and never give up. If you have a concrete wall in front of you, you must go through it. Life is difficult no matter what, but hard work and perseverance make it a lot easier.”

“If you’re good at something… people will recognize you for it, and then people will come to you and promote you, not the other way around. Don’t worry about actively promoting yourself, if you deserve to be promoted, you will be.”

“Anger often indicates a lack of intelligence… pay attention to your anger.”

“Always dress for the job you want, not the job you have.”

“Billionaires never wish away the minutes. Life’s just too good to wish it away.”

“Success requires work 7 days per week.”

“For billionaires, work and pleasure are one and the same.”

“Romance should simply propel you to work harder. To me, work is as important as breathing. It’s something I do automatically. I have an inherent work ethic that will never diminish… I give to both everything I’ve got. And the effort in the long run is always worth it.”

“The best is a quest.”

“Remember that some of the richest and most successful people like… the great Sam Walton lived very simple lives. Sam drove to work in an old Chevrolet everyday - I love it!”

“You have to think of service workers as your colleagues in the business of life.”

“Sometimes I feel like I’m in a constant state of catching up, but I’m not complaining. This life’s exciting.”

“Minutes and seconds count, whether you’re in the Olympics or in business.”

“If you are intent on big success :
———————————————-
1. Think big
2. Stay focused
3. Be paranoid
4. Be passionate
5. Don’t ever give up
6. Love what you are doing"



.

Steve Cioccolanti

As a Christian, I believe God Thinks Like a Billionnaire, and I wanted some categorical evidence of this. I found it in this book! People at the top of their game think the same in many areas. This is tremendously motivating because you don't have to be a real estate tycoon to benefit from his experience. You can be an artist, musician, pastor or parent, and get something from the mind of a millionaire...or Billionaire.

I like to know who among the most successful people in the world believes in God. Trump opens up with a small tribute to faith "I believe in God," he wrote. That's smart. Then he revealed, "I don't drink...." That's discipline.

Some things will challenge people, especially if they already don't like Trump any way, are tips like these:
- "Don't take vacations. What's the point? If you're not enjoying your work, you're in the wrong job."
- "Have a short attention span... After the first 3 words are out of their mouth, I can tell what the next 40 are going to be, so I try to pick up the pace and move it along."
I understand some people just don't want to live at this pace. As a leader myself, I find the non-nonsense talk motivating.

If you prefer to watch a video summary of "10 Things I Learned from a Billionaire," click the DVD with the photo of Trump on it here: http://discover.org.au/bookshop/index...
It contains the 10 best tips I got from Trump which directly relate to Biblical teachings.


Alamir

I read this book a decade ago when it first came out and found it met my expectations: incohesive chapters with little evidence to back up his claims. As for the effectiveness of his advise, one merely needs to consider that in the last decade since this book was published we have yet to hear a single billionaire (or even millionaire) claim: "My short journey to riches began after I read Trumps’ book on how to think..."

Kristi

I didn't have an opinion one way or another about Donald Trump before picking up this book, but after reading it, I'm now an official fan. I enjoyed his matter-of-fact opinions and the authority in which he wrote. He's a man who knows who he is and what he wants and he makes it happen. I enjoy people like that. I loved how his chapters were very short and concise. He's a man who would never waste words just to fill space. I found his weekly itineries fascinating. Very impressed how he can meet with six people in about half an hour. I'm a HUGE fan of efficiency and Mr. Trump is the master.

Angelic

A complete waste of time. Instead of teaching how to Think Like a Billionaire, this book is almost entirely about seasons 1 & 2 of The Apprentice. In addition to talking about The Apprentice, Trump also managed to talk about how great he was in Saturday Night Live and his top picks on jewelry, hamburgers, and suits. What a joke!

Dave

The only reason I gave this book one star was because -2 or -3 was not an option. Hands down the worst book on finances I've ever picked up. Not that the ideas in it were terrible, but it only talks about common sense things that most of us already know. Useless.

Topics