During my childhood, my father gave me the best advice on how to get rich I ever received. He told me, “Jeff, if you want to become successful at something, find someone who’s successful at what you want to do and emulate that person.” I want to become a billionaire. So naturally, I went looking for what makes a billionaire’s mind tick. I became obsessed over billionaire biographies from Warren Buffett to Bill Gates. Some very interesting bits of information found, as well as some surprising ones. As every word travels form this article to your brain you’ll start to feel energized as you learn about the billionaire mindset.
If you’re going to invest in a business, Warren Buffet recommends thinking like a business owner. Thinking like a business owner will help to figure out the value of your choice of investment. According to Buffet, great businesses are ones that are simple, predictable, and have strong cash generation.
The top 10 richest people also have a seemingly ravenous appetite for risk. But they are calculated risk. Risk taking is an integral part of business and life, but so few people know how to manage it properly. Most view taking risk as typically a fast-moving, imperfect, and make-it-up-as-you-go process, no matter how well planned or implemented. When calculated risk are taken, most Youngest Billionaires In The World tend to have a keen sense of the outcome before hand, or at least have a low probability of failure.
Ask yourself “Why do I want this amount of money, or that car, or this home, etc.?” until you get to the root reason. Don’t let yourself off the hook until you discover what happened to make you want your desire.
We are always being whispered to, directed, and led to our next step on the path. The dream is lodged within us long before it takes form in our external world. The charge is: do we have the courage to follow it? Do we have the faith Youngest Billionaires to believe in it? Do we have the tenacity to see it through?
On the Actors Studio on the Bravo Channel, James Lipton at the end of his interviews asks the actors what he hopes God will say to them when they get to the “Pearly Gates of Heaven”. When he asks Steven Spielberg this question Steven hopes God will say, “Thanks for listening”.
Now you know how vast is a trillion seconds or inches or ounces – or dollars. It’s huge beyond words. The better you know money, the greater is your ability to thrive and double your income, or more.