Find your own niche, and don’t try to copy what has worked for other people. Concentrate on discovering what the world wants and needs.

For example, according to Fortune, a young man trying to find a cab in Paris in 2008 couldn’t find one, leading to the founding of “UberCab” and the development of a mobile app that connects riders with drivers in a sharing economy. The app was launched in 2010 in San Francisco and is now available in countries around the world. Uber‘s two co-founders – Travis Kalanick and Garrett Camp – were ranked tied at number 283 on the Forbes list, each with an estimated net worth of $5.3 billion.

According to Forbes, two MIT students, Drew Houston and Arash Ferdowski, founded a file-hosting service in 2007 because they were constantly forgetting their USB flash drives. Their service, Dropbox, made file sharing easier, yet secure. Still a private company, Dropbox is valued at more than $10 billion. Its CEO, Drew Houston (number 1,533), has a net worth estimated by Forbes at $1.21 billion. Pursue those ideas that fascinate, compel, and will sustain you when the going gets tough.

2. Dream Big

What can you bring to the world that is unique, compelling, and helpful, with the ability to change lives and create a new business? No billionaire started a company to be mildly successful.

At age 19, Bill Gates was one of the first to recognize that personal computers could revolutionize business, education, communications, and entertainment if their operation could be simplified so that everyone could use them. This led to the founding of Microsoft. Jeff Bezos, the founder of Amazon.com, recognized a future where virtual retailers could replace brick-and-mortar operations with lower costs, wider selections, and better customer service. Billionaires are adept at discerning what can be and making it come true.

3. Be Totally Committed to Success

Forget passion – success is about obsession. Mark Cuban (number 603), a billionaire in his early 30s after the sale of his company Broadcast.com to Yahoo, advises, “Don’t start a company unless it’s an obsession and something you love. If you have an exit strategy, it’s not an obsession.” When building his company, Cuban couldn’t keep a girlfriend, went seven years without a vacation, and didn’t even read a fiction book during that time: “I was pretty focused.”

Bill Gates never took a day off during his 20s while building Microsoft. Mark Zuckerberg advises entrepreneurs to move fast and “break things” – the “things” being the traditional ways of doing business.

If we are going to talk about material things and needs, then money is important, but if we are going to talk about one’s happiness, then money is not that important. From your list of reasons of why money is important, it all seems to point to material things and needs, except for the second to the last one in which you need money to give to charity. What if money wasn’t invented

If money wasn’t invented, I’d believe the same problems would exist. Money is only a vehicle. Human nature dictates how it is used and perceived.

 We should not overvalue it because then greed can consume you. We should also not undervalue it either because it is needed for survival.

Money is extremely important. People who says money is not important had never been poor. Once the basic are taken care of, money is still important but I agree there are more important things like heath, family, and much more.

Money is important – I agree 100% – for all of the reasons mentioned and more. For me I think the danger is becoming obsessed with MORE money. How much do you really need to live comfortably or even beyond comfortable? Yet so many people just keep working and slaving to have MORE money. And the cost is significant – missed time with family, spouses, and downtime for yourself. Nothing wrong with money but as the saying goes, the LOVE of money is the root of all evil. We should use money not be used by our desires to always have more.