You’ve heard Travie McCoy’s Billionaire right? Well, good news: in this article, we’re looking at the smart habits of billionaires that you can start and stick with to become one!
Billionaires Are Always Open To New Knowledge
It doesn’t matter much whether they need it or not; Billionaires are just curious for the sake of it.
Take Bill Gates for example. He sat through classes at Harvard knowing fully well that they were not even included in his program.
Seating through them anyway, he gleaned new volumes of knowledge from different sources and even spoke of his academic experience as “exciting”.
This habit is common to billionaires because they love to learn, ask questions, and hear new opinions.
As a result, they go on to grow an accommodating mindset that’s built on empathy and a genuine desire to know.
Billionaires Spend A Lot Of Time With Smart People
If anyone told you that the company you kept didn’t matter, they should take a page from the billionaire’s handbook.
Billionaires recognize high-quality friendships as the quickest way to learn about a subject. Sure enough, a billionaire would settle down to read on a subject he/she was new to but he/she will also go ahead to make new friends in that industry.
By constantly hanging out with them, the billionaire learns about the industry trends, their buzz speak, their attitude toward risk, and the good, bad & ugly of that industry.
Billionaires Spend Intelligently
Billionaires know that they don’t need to spend much. Sure, they could buy a million cars if they wanted to, but they intentionally choose not to.
I once read in T. Harv Eker’s Secrets of the Millionaire Mind, that as one’s income rises, their tendency to spend rises as well.
To combat this urge to spend, billionaires make it a habit to simplify their lives as much as they can.
As for billionaires, impulse buying is a no, and spending money on video games & TV subscriptions is an even bigger no.
Billionaires Know The Value Of Their Time
Every billionaire knows that time is the most valuable gift they can give. Once you recognize an asset in your possession, do you want to waste it? No? Exactly.
Billionaires do not waste their time because they deem time spent on frivolities as a waste. You know, in Myles Munroe’s The Principles And Power Of Vision he wished he had more than 24 hours in a day!
This only shows that whatever you want to have more of, you conserve ruthlessly.
When Mistakes Happen, Billionaires Own Up
Yes, billionaires are human beings too and they make mistakes.
Billionaires are smart to realize when they’ve messed up and humble to apologize and own up for their errors. They don’t try to justify their actions or try to explain what went wrong.
They acknowledge the error, grab the lesson, and run with it, thus making sure they don’t make the same mistakes twice.
They Are Risk Takers
At least once in their careers, billionaires have had to risk it all to see the results they desire.
With this all-or-nothing mentality, they completely invest their time, resources, and relationships into the projects they have begun.
One of the numerous examples of this form of all-or-nothing kind of risk is Alex Hormozi’s decision to go on with the launching of his gyms even when his partner had run away with almost all his money.
With only $1, 036 left, he and his wife launched the gyms and got neck into debt by $3, 300 every day.
Things started shaping up only in the 5th month of this mind-wrecking experience.
Billionaires have come to the point where they had to choose between risking it all and abandoning their dreams. They choose the latter. The question now is, can you?
They Keep Healthy
Billionaires place a priority on their health, reminding themselves that they can only give their best when they are healthy emotionally and physically.
This is why some billionaires would choose to go fishing with a friend to have heartfelt conversations over going to the club.
They All Have The “Lazy Voice”
Did you ever think that billionaires don’t feel lazy? Well, I did.
Interestingly, Michal Solowow, the richest man in Poland once confessed to Rafael Badziag that he has to do things he doesn’t like every morning.
He added that he still forces himself to do them, irrespective of the opinions of the “lazy” voice in his mind.
But then, Solowow plows through the feeling by doing what he needs to do.
Conclusion
Billionaires are human beings, like you and I; They have only made sacrifices, ingrained habits, and invested heavily in themselves to be the people you see today.
