Tuesday, April 14, 2020

Dehaat platform has handled over 20,000 tonnes of agricultural output while connecting farmers with institutional buyers

Information

https://m.khaleejtimes.com/technology/indian-agritech-firm-plans-to-tie-up-with-uae-farmers

Indian startup *DeHaat* can help UAE farmers under the Public Private Partnership (PPP) programme to provide agricultural input and buy back the local food produce for various markets. DeHaat, with its technology-based platform, can offer end-to-end agricultural services to farmers, including distribution of high quality agri inputs, customised farm advisory, access to financial services and market linkages for selling their produce, says Javed Farooqui, CEO, *Direct Information Technology* and Dubai-based angel investor.
https://youtu.be/aPRPlI-R4zg

https://yourstory.com/2019/03/dehaat-iit-delhi-agritech-startup-djiiufpw

This agritech startup founded by IIT Delhi alumnus is serving over 55,000 farmers in Bihar, Uttar Pradesh, and Odisha

DeHaat claims to have clocked a revenue of Rs 45 crore so far. It closed the last fiscal with a revenue of Rs 21 crore and was positive on the earnings before interest, tax, depreciation and amortisation (EBITDA) level.

This agritech startup founded by IIT Delhi alumnus is serving over 55,000 farmers in Bihar, Uttar Pradesh, and Odisha

Patna-based online platform DeHaat, which connects farmers with agri input suppliers and buyers for their produce, has raised pre-Series A funding of $4 million led by Omnivore and AgFunder.

Sindhu Kashyap

18th Mar 2019

Close to half of India’s population is dependent on agriculture for its livelihood. Add to that, with 157.35 million hectares under cultivation – the second highest in the world – there is enough scope for technology to not only make farmers’ lives easier, but also increase yield and output. 

DeHaat, founded by IIT Delhi alumnus Shashank Kumar and IIT Kharagpur alumnus Manish Kumar in 2012, aims to do just that. 

“Hailing from a farming community in Bihar, I had exposure to the difficulties faced by farmers on a day-to-day basis, even though I didn’t have direct experience in farming,” says Shashank. Having earlier worked as a consultant, he used his experience for DeHaat to create a sustainable business model. Manish, however exited the company in 2015.

What does the platform do? 

Patna-based DeHaat is an online platform that connects small farmers with a network of micro entrepreneurs – suppliers of various farm input and equipment – who procure various inputs such as seeds, fertilisers, and even equipment, as well as offer crop advisory and market linkages.

DeHaat on Thursday, announced it had raised pre-Series A funding of $4 million led by Omnivore and AgFunder. Pankaj Chaddah, co-founder of Zomato, and another Indian family office also invested in the funding round. Manish exited the startup in 2015. 

Today, DeHaat claims to have over 150 micro entrepreneurs who serve more than 55,000 farmers in Bihar, Uttar Pradesh and Odisha. The platform has over 520 different agricultural inputs listed, and has partnered with the likes of UPL Ltd, IDBI Bank, IFFCO, DuPont, Pepsico, Bayer Ag and Yara International.There are also more than 100 institutional buyers associated with DeHaat to facilitate procurement of agricultural produce directly from farmers. 

DeHaat claims to have clocked a revenue of Rs 45 crore so far. It closed the last fiscal with a revenue of Rs 21 crore and was positive on the earnings before interest, tax, depreciation and amortisation (EBITDA) level.

Shashank says,

“With the current round of funding, DeHaat is targeting growth of 3-4X over the next 18-24 months. The funding will help us deepen out network in Bihar, Uttar Pradesh, and Odisha to reach 250,000 farmers, supported by 550 DeHaat micro entrepreneurs by March 2020. We are also a launching farm credit and crop insurance services in the coming year." 

Also read: Fintech platform Jai Kisan raises $1.5 million funding led by Blume Ventures

How does it work? 

Currently, DeHaat focuses on three major services – agricultural input, crop advisory and market linkage for farm produce. Farmers can place orders through the DeHaat helpline, the mobile app, or a physical centre. Orders are then sent forward to DeHaat’s micro entrepreneurs, and fulfilled the same day. Each DeHaat micro-entrepreneur caters to 600-800 farmers in a radius of 3-5 km. 

Shashank says,

“These micro-entrepreneurs use our ‘DeHaat for Business’ application to enroll farmers, to aggregate demand, visit farms, capture crop-based queries, and aggregate the farm produce."

The startup also takes in queries from farmers and sends them to experts who address them in real time. It also houses an exhaustive crop-pest database, which has been developed in house for current crops.

Working around the challenges 

“The primary challenge is access to the right data in remote areas. While there are several reports and journals, the information is basic and doesn’t capture farm-level data. This meant we had to collate the data on our own,” says Shashank. 

DeHaat, an online platform, had to work extensively to bring farmers and micro entrepreneurs on board. Shashank says that getting the right people on board, especially in rural areas, is a game of trial and error.

The core founding team includes IIT Kharagpur and IIM Ahmedabad alumnus Shyam, who has worked with Reliance Industries for over two years. Adarsh Srivastava, Abhishek Dokania and Amrendra Singh form the rest of the team. 

“Our revenue comes from sales of farm produce to institutions and sales of agricultural inputs to farmers. We don’t charge farmers for crop advisory. Close to 72 percent of the overall revenue comes from the market linkage of farm produce and the rest from agri inputs,” says Shashank.  

Over the last seven months, the platform has handled over 20,000 tonnes of agricultural output like corn, wheat, chilli, litchi and vegetables, while connecting farmers with institutional buyers, says Shashank. “At the same time, DeHaat has delivered more than 26,000 orders related to agri inputs, and 86,000 advisory inputs to farmers over three months,” he adds. 

Sunday, March 8, 2020

Squirrel Inspirational - Every task should be given importance, however small it may be.


The story of a Squirrel from the Great Ramayana.



Lord Rama with a squirrel. ( A moment from the Great Ramayana.)

Squirrel : “Tiny, I am, Lord, and so I carried only pebbles.”
Lord Rama : “Tiny, you are, and yet you did the giant’s work.”

📖 Story Explained below 🚩 “ The Squirrel was blessed and because of its good virtue, could attain moksha by Lord Rama’s touch. ” Lord Rama and his army of monkeys were preparing for war with Ravana. Rama asked his army to build a bridge over the sea, to reach Lanka ( to get his wife Sita, who was abducted by Ravana and was held captive in his Kingdom). « Work began at once to lay a stone bridge. The monkeys pulled out rocks and heavy stones from the mountains and carried them to the sea. The stones were cut into desired shape and they began the bridge construction. • Thousands of monkeys worked day and night, as it was not an easy task to build a bridge on the sea.


Vanaras writing the name of Lord Rama on stones, to float them on water.

« One day, Rama saw a small Brown Squirrel. He was going up and down the seashore with little pebbles in his mouth. The little squirrel could carry only little pebbles at a time , as he was a very small creature. He carried the pebbles from the seashore and dropped them into the sea. A big monkey was carrying a heavy stone on his back , and the Squirrel came in the monkey's way. The monkey was about to step his foot on the Squirrel , and steps back and shouts at the Squirrel “ you are such a small creature, what are you doing here “?? The little squirrel looked at the giant monkey and says , “ I'm sorry, that you were about to fall, because of me, brother. I'm helping my lord Rama build the bridge , and I'm working hard for him”. Hearing this , all the monkeys burst out in laughter. All the monkeys start to make fun of the Squirrel , teasing that , they have never heard such a funny story. Then the Squirrel explains, “ I can't carry mountains or rocks. God gave me only a little strength , I can carry only pebbles. I will do my level best for my Rama “. « Then the monkeys say," dont be foolish, do you think we can build a bridge with pebbles “? The Squirrel least bothered about the monkeys remarks , start to do his work of carrying the pebbles. The monkeys become angry, and one of the monkey picks up the squirrel by his tail and throws him away. « The Squirrel, crying out the name of Rama, falls into his hands ! « Then Rama holds the squirrel close to him.


The touch of Lord Rama.
He says to the monkeys, “ we should never make fun of the weak and the small. What matters is the love , with which we accomplish any task, and it doesn't depend upon the strength or what work we do ! o LORD Rama further says “you are laying the bridge with huge stones, but did you realise that, the huge stones are binded together only because of the small gaps between them, being filled by the tiny grains of sand, got by the squirrel? “And due to this, the huge stones on the structure, have become strong “. And yet you are scolding this small creature!”. « Hearing this , all the Vanaras become shamed and bow down their heads. « Rama then turned to the Squirrel and thanked him for the help, and saying this he gently stroked the back of the Squirrel with his fingers , and thus three lines were formed, where the Lord Rama's fingers had touched the Squirrel. ☝️ What we learn from this story : 1. Every task should be given importance,however small it may be. 2. Have confidence in yourself. 3. Never give up in life. 4. Don't care for what people say, do your work with dedication. 5. Trust yourself and God.

Friday, March 6, 2020

Banyan Tree Learning Motivational Information

                        




















You must have all seen a banyan tree. Have you ever seen a seed of a banyan tree? The size of the seed of a banyan tree is very small even smaller than a mustard seed. It is one of the great big trees in the world. 







Initially when it is just planted and born it does not have the many leafs or the branches but With time when it starts growing the many leaves and many branches and has to pick up the increasing weight of them. These branches start reaching the ground and provide support to the banyan tree. 






This is a very important teaching lesson of life. Without any self interest keep doing the good deeds tasks, help other people around in the community. Slowly with time those that you have provided support help will become your supporters and make your roots and base stronger, give it the big shape and increase the lifespan. Lifelong the selfless work and support to others will help you stay alive forever, remembered even when your gone. 







In the Gujarati language, banya means “grocer or merchant”, not “tree”. The Portuguese picked up the word to refer specifically to Hindu merchants, and passed it along to the English as early as 1599 with the same meaning. By 1634, English writers began to tell of the banyan tree, a tree under which Hindu merchants conducted their business. The tree provided a shaded place for a village meeting or for merchants to sell their goods. Eventually, “banyan” became the name of the tree itself.











Tuesday, April 16, 2019

Amish Tripathi

https://en.wikipedia.org/wiki/Amish_Tripathi?wprov=sfla1

Notable awards include : 
Communicator of the Year Award 2014 
Man of the Year 2013 by Radio One 
Pride of India 2014 and 2015.
India's First Literary Popstar 2015 
50 Most Influential Young Indians 

Forbes India has ranked him among the top 100 celebrities in India four times in a row. In 2012 ,2013 ,2014 and 2015.

The first three books collectively comprise the Shiva Trilogy and the fourth is the first of the Ram Chandra Series. The Shiva Trilogy was the fastest selling book series in Indian publishing history and the Scion of Ikshvaku was the fastest selling book of 2015.

All four books have sold over 3.5 million copies in the Indian subcontinent since 2010, with gross retail sales of Rs. 100 crores. 

Forbes India has ranked Amish among the top 100 celebrities in India four times in a row. In 2012, 2013, 2014 and 2015

Thursday, August 16, 2018

Millionaire selling pudding

http://motivatinginspiring.blogspot.com/2018/08/millionaire-selling-pudding.html?m=1

motivatinginspiring.blogspot.com/2018/08/millionaire-selling-pudding.html

https://m.khaleejtimes.com/international/philippines/dubai-expat-becomes-millionaire-selling-pudding--

m.khaleejtimes.com/international/philippines/dubai-expat-becomes-millionaire-selling-pudding--


How a woman got her sweet taste of success.

A Filipina who used to be an expat in Dubai is now living the life of a millionaire by selling crème caramel, and nothing else.

According to Entrepreneur Philippines, former Dubai-based expat Princess San Diego ventured into 14 different businesses before she found success selling leche flan (caramel pudding). Before that, she tried selling barbecue, opening a restaurant and even selling gadgets online. Despite her best efforts, those ventures failed.
What was to become her most profitable venture came when she least expected it. While in her kitchen, she experimented with mixing Japanese matcha (green tea) into leche flan. The result was a dish that went viral after she shared the creation online. She then started to receive inquiries about the dish and it was in that moment where she decided that this would be her next business venture.

She started off only selling 25 tins but by the end of 2016 she was already earning 20,000 pesos (Dh1,300 approx) every single week. 

After this, she partnered with several resellers to get reach more customers. This resulted in earnings amounting to 40,000 pesos (Dh2,700 approx) not per week - but for ever reseller she has collaborated with.

She earned her first million from selling caramel puddings last year. "Last year, I earned my first million from the business," San Diego said during a franchising event held in the Philippines. It was also during this event when she unveiled her plans to open her own café and take a gander at selling pastries




Tuesday, July 10, 2018

Tata Sumo

Every day top executives of Tata Motors used to take lunch together but from some days, Sumant Moolgaokar used to take his car and go out during Lunch Hours and come back as soon as the Lunch Break was over. There was a grapevine that he is offered lunch at a Five Star Hotel by some dealers of Tata. One day when some executives followed him during Lunch Break, they were surprised to see that he stopped his car at one Highway Dhaba, ordered food for him and sat with the drivers of trucks who were eating food at that dhaba. He discussed with them what was good and what was bad in a Tata Truck, jotted down and came back to his office. He used to improve upon the experiences of drivers. Such was Sumant Moolgaokar's zeal for improving the Tata Vehicles. Tata Sumo is the biggest corporate tribute paid by any company to it's executive. Su stands for Sumant and Mo stands for Moolgaokar in this brand name. Today is the death anniversary of Sumant Moolgaokar. Sincere Tributes to Sumant Moolgaokar (Died 1st Jul'89).

Wednesday, September 14, 2016

11 daily habits of self-made billionaires anyone can adopt

11 daily habits anyone can adopt of self-made billionaires

They meditate



Science says that meditation has a number of mental and physical health benefits, from improving memory to boosting the immune system.

Ray Dalio, founder of Bridgewater Associates, told The Huffington Post, "Meditation, more than anything in my life, was the biggest ingredient of whatever success I've had."

Dalio is not alone. Jack Dorsey, CEO of both Twitter and Square, and media mogul Oprah Winfrey say that they practice meditation daily.


They're charitable


<p>"The world class set their sights on impacting the world with their wealth," Siebold writes. "Some do it through philanthropy, others through business or various financial vehicles."</p><p>A handful of billionaires have taken to philanthropy, including founder and CEO of Bloomberg Media Michael Bloomberg, <a href="http://www.businessinsider.com/most-generous-people-in-the-world-2015-10?op=0?utm_source=msn&utm_medium=referral#/#11-michael-bloomberg-10">who has donated $3 billion over his lifetime</a>.</p><p>And then there's the <a href="http://givingpledge.org/">Giving Pledge</a>, which Warren Buffett and Bill and Melinda Gates created in order to invite the world's wealthiest people to pledge more than half of their wealth to charitable causes either during their lives or in their wills. Some have even pledged to <a href="http://www.businessinsider.com/billionaires-giving-away-their-money-2015-10?utm_source=msn&utm_medium=referral">give away more than 99% of their fortunes</a>.</p>  

"The world class set their sights on impacting the world with their wealth," Siebold writes. "Some do it through philanthropy, others through business or various financial vehicles."

A handful of billionaires have taken to philanthropy, including founder and CEO of Bloomberg Media Michael Bloomberg, who has donated $3 billion over his lifetime.

And then there's the Giving Pledge, which Warren Buffett and Bill and Melinda Gates created in order to invite the world's wealthiest people to pledge more than half of their wealth to charitable causes either during their lives or in their wills. Some have even pledged to give away more than 99% of their fortunes.



They wake up early

<p>There may be some truth behind the age-old adage: The early bird gets the worm.</p><p><a href="http://www.businessinsider.com/rich-people-wake-up-early-2016-4?utm_source=msn&utm_medium=referral">The wealthiest people tend to be early risers</a>. Take Jack Dorsey, <a href="http://www.businessinsider.com/jack-dorsey-wakes-up-at-5-in-the-morning-to-meditate-2015-12?utm_source=msn&utm_medium=referral">who wakes up at 5:00 a.m. to meditate and work out</a>. Or Richard Branson, founder of the Virgin Group, <a href="http://www.businessinsider.com/richard-bransons-daily-routine-hobbies-and-interests-2012-4?utm_source=msn&utm_medium=referral">who wakes up at 5:45 a.m.</a> to exercise before starting his workday.</p><p>Branson and Dorsey aren't the only <a href="http://www.businessinsider.com/successful-people-who-wake-up-early-2015-6?utm_source=msn&utm_medium=referral">successful people who wake up before the sun</a>. In his five-year study of rich people, author <a href="http://www.businessinsider.com/author/thomas-c-corley?utm_source=msn&utm_medium=referral">Thomas C. Corley</a> found that nearly 50% of them woke up at least three hours before their workday actually began.</p>




There may be some truth behind the age-old adage: The early bird gets the worm.

The wealthiest people tend to be early risers. Take Jack Dorsey, who wakes up at 5:00 a.m. to meditate and work out. Or Richard Branson, founder of the Virgin Group, who wakes up at 5:45 a.m. to exercise before starting his workday.

Branson and Dorsey aren't the only successful people who wake up before the sun. In his five-year study of rich people, author Thomas C. Corley found that nearly 50% of them woke up at least three hours before their workday actually began.


They stick to routines

John Paul DeJoria

A hallmark of highly successful people is their dedication to ritual.

Take John Paul DeJoria, cofounder of Patron tequila and Paul Mitchell hair products, who starts every day with five minutes of quiet reflection.

"Doesn't matter where I'm at, which home I'm in, or what hotel room I'm visiting," he says. "The very second I wake up, I stay in bed for about five minutes and just be."


They live below their means

<p>Just because they have billions in the bank doesn't mean they have to indulge in overspending — in fact, some of the world's wealthiest people <a href="http://www.businessinsider.com/frugal-habits-of-the-worlds-richest-people-2015-9/?utm_source=msn&utm_medium=referral">choose to live frugally</a>.</p><p>As <a href="http://www.businessinsider.com/frugal-habits-of-the-worlds-richest-people-2015-9/?utm_source=msn&utm_medium=referral">Murray Newlands wrote at Entrepreneur</a>, "Sam Walton, the founder of Wal-Mart, famously drove around in a 1979 Ford F150 pickup truck ... Mark Zuckerberg owns a modest $30,000 Acura TSX entry-level sedan ... Bill Gates was known to fly commercial for years."</p><p>Then there's legendary investor Warren Buffett, who is <a href="http://www.businessinsider.com/facts-about-warren-buffett-2015-9?utm_source=msn&utm_medium=referral">notably down to earth</a> — he still lives in the same $31,500 home, and chooses a flip phone over a smartphone.</p>  

Just because they have billions in the bank doesn't mean they have to indulge in overspending — in fact, some of the world's wealthiest people choose to live frugally.

As Murray Newlands wrote at Entrepreneur, "Sam Walton, the founder of Wal-Mart, famously drove around in a 1979 Ford F150 pickup truck ... Mark Zuckerberg owns a modest $30,000 Acura TSX entry-level sedan ... Bill Gates was known to fly commercial for years."

Then there's legendary investor Warren Buffett, who is notably down to earth — he still lives in the same $31,500 home, and chooses a flip phone over a smartphone.


They pursue their passion

 <p>"You've got to find what you love," Apple cofounder Steve Jobs said during his <a href="http://news.stanford.edu/news/2005/june15/jobs-061505.html">2005 commencement address</a> to the graduates of Stanford University. "The only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it."</p><p>Jobs wasn't the first to emphasize the importance of pursuing your passion. Author Napoleon Hill, who studied over 500 incredibly rich people in the early 20th century, wrote in his bestseller, "<a href="http://www.amazon.com/gp/product/0990797600/ref=pd_lpo_sbs_dp_ss_1?pf_rd_p=1944687602&pf_rd_s=lpo-top-stripe-1&pf_rd_t=201&pf_rd_i=149617545X&pf_rd_m=ATVPDKIKX0DER&pf_rd_r=1R56YJQGJ1Y5BHRWG05Q">Think and Grow Rich</a>": "No man can succeed in a line of endeavor which he does not like."</p>

"You've got to find what you love," Apple cofounder Steve Jobs said during his 2005 commencement address to the graduates of Stanford University. "The only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it."

Jobs wasn't the first to emphasize the importance of pursuing your passion. Author Napoleon Hill, who studied over 500 incredibly rich people in the early 20th century, wrote in his bestseller, "Think and Grow Rich": "No man can succeed in a line of endeavor which he does not like."


They read

Warren Buffett, Chairman of the Board and CEO of Berkshire Hathaway, poses for a portrait in New York October 22, 2013. REUTERS/Carlo Allegri (UNITED STATES - Tags: BUSINESS) - RTX14KF4

Many of the world's most successful people are avid readers.

As Business Insider's Shana Lebowitz wrote:

Investing legend Warren Buffett reportedly spends about 80% of his day reading, and continues to include book recommendations in his annual shareholder letters.

In 2015, Facebook's Mark Zuckerberg resolved to read a book every two weeks ... Media mogul Oprah Winfrey selects a book every month for readers to discuss online as part of "Oprah's Book Club 2.0," and when tech billionaire Elon Musk is asked how he learned to build rockets, he reportedly answers, "I read books."


They develop multiple streams of income

<p><a href="http://www.businessinsider.com/rich-people-focus-on-earning-2015-9?utm_source=msn&utm_medium=referral">The richest people focus on earning</a> — so it comes as no surprise that they develop additional streams of income.</p><p>Richard Branson, the billionaire chair of the Virgin Group, epitomizes this habit, Corley explains in "<a href="http://www.amazon.com/Change-Your-Habits-Life-Millionaires/dp/1635050049?tag=bisafetynet-20">Change Your Habits, Change Your Life</a>." Branson has overseen about 500 companies and his brand is on somewhere between 200 and 300 of them. </p><p>Branson "puts the rich habit of having multiple streams of income on steroids," Corley writes. "His desire to expand the Virgin brand is really a desire to expand his streams of income. Branson learned very early on that this rich habit creates the most wealth."</p>


The richest people focus on earning — so it comes as no surprise that they develop additional streams of income.

Richard Branson, the billionaire chair of the Virgin Group, epitomizes this habit, Corley explains in "Change Your Habits, Change Your Life." Branson has overseen about 500 companies and his brand is on somewhere between 200 and 300 of them.

Branson "puts the rich habit of having multiple streams of income on steroids," Corley writes. "His desire to expand the Virgin brand is really a desire to expand his streams of income. Branson learned very early on that this rich habit creates the most wealth."

They're self-employed

<p>Along the same lines, billionaires tend to be their own bosses. They're typically self-employed and <a href="http://www.businessinsider.com/the-steady-salary-is-holding-people-back-from-getting-rich-2016-2?utm_source=msn&utm_medium=referral">determine the size of their own paycheck</a>.</p><p>Mark Zuckerberg has been working for himself since age 19, when he first launched Facebook as a Harvard sophomore in 2004. Snapchat CEO Evan Spiegel, who is <a href="http://www.businessinsider.com/the-youngest-self-made-billionaires-2016-2?utm_source=msn&utm_medium=referral">the youngest billionaire in the world</a>, had a similar path — he created the popular photo-sharing app with two of his former Stanford classmates and has been his own boss ever since.</p><p>"It's not that there aren't world-class performers who punch a time clock for a paycheck, but for most this is the slowest path to prosperity, promoted as the safest," <a href="http://www.businessinsider.com/the-steady-salary-is-holding-people-back-from-getting-rich-2016-2?utm_source=msn&utm_medium=referral">says</a> self-made millionaire Steve Siebold, who has also studied over 1,200 wealthy individuals. "The great ones know self-employment is the fastest road to wealth."</p>

Along the same lines, billionaires tend to be their own bosses. They're typically self-employed and determine the size of their own paycheck.

Mark Zuckerberg has been working for himself since age 19, when he first launched Facebook as a Harvard sophomore in 2004. Snapchat CEO Evan Spiegel, who is the youngest billionaire in the world, had a similar path — he created the popular photo-sharing app with two of his former Stanford classmates and has been his own boss ever since.

"It's not that there aren't world-class performers who punch a time clock for a paycheck, but for most this is the slowest path to prosperity, promoted as the safest," says self-made millionaire Steve Siebold, who has also studied over 1,200 wealthy individuals. "The great ones know self-employment is the fastest road to wealth."


They exercise


Mark Cuban Rex Features


Highly successful people don't just push themselves in the office — they push themselves physically, outside of the office.

Mark Cuban, "Shark Tank" investor and owner of the Dallas Mavericks, does cardio for at least an hour, six to seven days a week, he told The Dallas Morning News.

Branson credits exercise for giving him at least four additional hours of productivity each day. Science concurs: Working out can boost your memory, concentration, and mental sharpness.

They hang out with other successful people



<p>The wealthiest people like to stand next to the smartest person in the room, <a href="http://www.jamesaltucher.com/2015/10/eventual-millionaires/">notes author and podcast host James Altucher</a>: "Harold Ramis did it (Bill Murray). Steve Jobs did it (Steve Wozniak). Craig Silverstein did it (Who? Larry Page). Kanye West did it (Jay-Z)."</p><p>After all, "In most cases, your net worth mirrors the level of your closest friends," <a href="http://www.businessinsider.com/rich-people-choose-friends-2014-12?utm_source=msn&utm_medium=referral">Siebold explains</a>.</p>

The wealthiest people like to stand next to the smartest person in the room, notes author and podcast host James Altucher: "Harold Ramis did it (Bill Murray). Steve Jobs did it (Steve Wozniak). Craig Silverstein did it (Who? Larry Page). Kanye West did it (Jay-Z)."

After all, "In most cases, your net worth mirrors the level of your closest friends," Siebold explains.