By Stephanie O’Connell
Mark Cuban, the billionaire investor, owner of the Dallas Mavericks and mainstay of the hit show, “Shark Tank,” is known for his business savvy, work ethic and penchant for turning fledgling startups into multimillion-dollar ventures.
Before becoming a self-made billionaire, however, Cuban studied at the University of Indiana while running side gigs like teaching dance lessons and hosting disco dance parties. After graduating, Cuban held various other jobs, including bartending, before he transitioned into sales and landed a job at a Dallas PC software company. Following his natural ambition and drive, Cuban worked hard to drum up business and earn big commissions. So when he saw a new opportunity make a huge deal, her pursued it, even after the CEO told him not to. “I thought when I showed up with a $15,000 check, he’d be cool with it,” Cuban told Forbes. Instead, the CEO fired Cuban on the spot for insubordination.
This unpleasant encounter was the spark that lit Mark Cuban’s desire to start his own company. Right away, Cuban scraped together a loan and founded his first major business endeavor, MicroSolutions, at just 25 years old. Cuban sold that business in 1990 for $6 million. His next venture, Broadcast.com, made him a billionaire after selling to Yahoo! in 1999 for $5.7 billion in stocks, reports CNN Money. With Mark Cuban’s net worth now estimated at $3 billion by Forbes, he has remained an icon of entrepreneurship and financial success ever since.
This business mogul also has quite a bit to say about fiscal responsibility and money management. Cuban is known for being outspoken and often shares his thoughts on personal finance. With a strong track record of self-driven financial success, it’s certainly advice worth considering. Here is money advice from Mark Cuban that you can put into action today.