As Mark Cuban's fame has grown in recent years, he's become a true icon of the business world. Whether he's doing commercials, talking about his NBA team, or appearing on Shark Tank, Cuban isn't rich just in the literal sense. He's rich with perspective and generous when it comes to doling it out to other investors. If you want to follow in Cuban's footsteps, start by digging into the invaluable tips and tricks he's already gone on record with.

1. On Budgeting

"I look at my annual budgets for everything and anything, and I look to see where I can save the most money on those items. Saving 30 to 50 percent buying in bulk--replenishable items from toothpaste to soup, or whatever I use a lot of--is the best guaranteed return on investment you can get anywhere." One of the best ways to make sure you have money to use for investing is to pinch pennies on a day-to-day basis. You're never too rich to save and shop smart. Period.

2. Considering "Risk"

"If you're prepared and you know what it takes, it's not a risk. You just have to figure out how to get there. There is always a way to get there." Avoid the risk if you don't have enough information or aren't prepared enough to move forward confidently.

3. On Staying Competitive

"Money is a scoreboard where you can rank how you're doing against other people." That's true when comparing your investments with others', your startup's annual revenue with that of other startups, and of course in poker.

4. Know Everyone's MO

"The No. 1 job of the hedge-fund manager is not to make sure that you can retire with a smile on your face--it's for him to retire with a smile on his face." Only you are going to be putting you first, so make sure it happens.

5. On Following the Leader

"Wherever I see people doing something the way it's always been done, the way it's 'supposed' to be done, following the same old trends, well, that's just a big red flag to me to go look somewhere else." The majority of people investing aren't making millions. If you do the same as they do, you won't get rich either.

6. On Understanding the Landscape

"But we have to ask ourselves, what's the purpose of the stock market? It's supposed to be a source of capital for growing business. It's lost that purpose." When the best investors are admitting to a shaky environment, that means newer investors need to educate themselves even more.

7. On the Government Getting Involved

"I'm not against government involvement in times of need. I am for recognizing that big public companies will continue to cut jobs in an effort to prop up stock prices, which in turn stimulates the need for more government involvement." There are many people looking to make financial gain through a variety of tactics when it comes to the stock market. Look for the pros and cons in each investment and pick wisely.

8. On Taking Advice

"I create offbeat advice; I don't follow it. I rarely take third-party advice on my investments." There's a huge difference between listening to advice or thinking about whether there's a way to use it, and just blindly following it. A broker can be invaluable, especially to new investors, but there could come a time when you'll need to take charge of your own strategy. If a broker could make every client a millionaire, she'd be charging a lot more.

9. On Enjoying Your Choice

"Always wake up with a smile knowing that today you are going to have fun accomplishing what others are too afraid to do." This can be true in everything from investing to owning a small business. Smart risks are what make millions and in many cases you can't allow caution to hold you back. Actually taking those risks, and taking pleasure in it, is what keeps investors like Cuban moving forward.

While Cuban obviously cautions against following advice just for the sake of it, it's important to listen to the greats like him. That's part of the reason he openly offers "creative" advice and considers himself more transparent and blunt than other experts. Almost nobody is going to instantly strike it rich as an investor, whether it's through stock market investment or by backing a company. You may lose money and make mistakes, but the lessons you learn and how you apply them in the future are what truly count.