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Billionaire a
nd Millionaire Success Habits
1.
Meditate (get up to at least 20 minutes in the morning and 20 minutes at night)
1.
This can help with your:
1.
Focus
2.
How calm you are
3.
Ability to separate from distractions around you and operate out of stillness
(LL Cool J to Biggie Smalls to Jay Z had this)
4.
Stress
2.
Some argue a similar effect can be had with prayer or something that really gets you
in your zone like quiet time jogging. I think there are certain aspects of meditation
that cannot be replicated with other things and if they are, they are essentially doing
a version of meditation. Meditation acts a tool to help your mind. It is as necessary to
your mind as an oil change is to a car.
2.
Have Enthusiasm
1.
Even for the lowliest of positions or occupations you have to take (unpaid intern or
janitor)
1.
““If it falls to your lot to be a street sweeper, sweep streets like Michelangelo
painted pictures, sweep streets like Beethoven composed music ... Sweep
streets like Shakespeare wrote poetry. Sweep streets so well that all the host
of heaven and earth will have to pause and say: Here lived a great street
sweeper who swept his job well.” -MLK
3.
Form Great Habits
1.
The chains of habit are too light to be felt until they are too heavy to be broken
2.
The younger you form them the better. The older you get, the harder it is to form and
break habits.
4.
Have a Positive Mental Attitude (PMA)
1.
Thinking negatively or dwelling on negative things is bad for your happiness and
success
5.
Golden rule. Do unto others as you would them do until you.
1.
Be NICE to people. Be friendly. Be positive. Having a pleasing personality is huge.
6.
Give value to others freely and without expecting anything in return (short term or long term)
1.
Give your music, give your craft, give your services, give your time, give your energy,
etc. In time, the more competent you get at something, it will come back to you in
one way or other, whether it is growing buzz about you or through connections.
1.
As a caveat, if you are a spineless nice guy-type, this may not work for
relationships or dating. Read No More Mr. Nice Guy if you are. You may be
the type who cannot feel comfortable unless you do and give so much for
others to please others. That’s a different issue and should be avoided
7.
Surround yourself with people better than you at what you want to accomplish
1.
If you want to be smarter, surround yourself with smarter people. If you want to be
richer, surround yourself with rich people. The opposite holds true. People worse
than you will drag you down to their average with time as you hang around them.
1.
“You are the average of the 5 people you hang around most”
2.
As a caveat, I have realized that people have different strengths and weaknesses
(pros and cons). No one is perfect. What do you do if you have a friend who is great
at making money but is a negative downer or has no social skills or social life?
Ideally, you would want to find someone who is at least average in the other areas or
is not bringing you down in other areas. If not, you want to hang around them only for
events and situations where mainly their strengths shine. For instance, hang around
people who are very good at being social for social events.
8.
Set Goals. Write them down multiple times a day to remind yourself.
1.
Napoleon Hill says your purpose should be as definitive as possible. Sometimes, I
feel you can’t have everything figured out and your purpose or career in life may not
be crystal clear. However, you can still make your goal clear. For instance, my goal
can be to test things out and find out what industry and career path if I don’t know
what that is yet.
9.
Find and do work you enjoy and are passionate about
1.
Ideally, you want to get to the point you are excited and jump out of bed to go do the
work. There will be tough days for any job though.
2.
You want to consider how competent you are at this work or skill. If your potential for
competence will never be there than this may not be what your calling is.
3.
I suggest listing out things you like and dislike about careers you test out to move
towards things.
4.
Look for the alignment between something you enjoy, something you have the
potential to be very competent at, and something that can pay you (to accomplish
this last point and really squeeze the juice out of this, you may have to be very
creative and/or very entrepreneurial)
5.
It makes it a lot easier to not give up because you enjoy it so much. You will keep
going when others quit when times get tough.
10.
Fail as much as you can
as long as it’s not a big, unethical failure, such as one that lands
you in jail or destroys your reputation. Do not fear failure or rejection. Don’t be so paralyzed
you don’t act.
1.
Many types of failure have very small bad consequences. We blow it out of
proportion. Failure is often times useful and necessary to get to where you want to
go. They are learning experiences to guide you. Many successful people have failed
many times whether it was in business ventures, ideas, products, or computer
programs.
2.
“If you’re not failing, you’re not trying.”
3.
One of the greatest problems is comfort of the mediocre. It is not so bad that it
prompts you to take action and so you sit there doing nothing.
4.
Most of the most successful people in the world (Usher via MasterClass, Seth Godin
via Tim Ferriss podcast, and many billionaires) have failed 10x more than the
average person. That is what increases their chances of success.
They try more.
11.
Take action on what you learn. Don’t just dwell on it.
1.
Some people know what to do but don’t take action. Some people accomplish
nothing by never taking action on what they’re told. They believe they have but
they’re not.
12.
Read a lot of the right books by the right people in the right industry/skillset you’re in.
1.
If you’re not a big reader. Babystep it. Start with 1 page a day. Take your time. Like
lifting weights, it is about consistency. I also suggest audiobooks.
2.
Check out my reading list. I suggest reading books by people you want to be like.
There are hundreds of books by billionaires and tens of thousands by millionaires on
how they got to where they got to in life. Read biographies.
13.
Self-control. Having restraint. Not indulging in excess.
14.
Do more than you are paid for. Do more than you are assigned to do. ALWAYS
OVERDELIVER. This is huge.
15.
Focus.
1.
Warren Buffett and Bill Gates say this is the number one thing. Focus on your craft
and perfecting your skill is key. Warren and Bill focused intensely on computer
programming and investing/accounting for years, which is what they say got them to
where they are.
16.
You don’t have to do it all alone. Work with a team. Partner with people. BUT ABSOLUTELY
make sure that these people are ethical.
1.
Ideally, you want to have some past history with them. This is absolutely key. You
will get screwed over if they don’t have these qualities. There are many stories I
know of partnership failures and so forth.
17.
Spend less than you make.
1.
Simple but more important advice for personal finance. The more you save, the more
you earn.
18.
Take care of your body. You only get one.
1.
Nutrition – eat healthy foods. This is fuel for your body. There’s plenty of advice
online
2.
Sleep – get as much as you need. I don’t use an alarm clock anymore.
3.
Stress – eliminate as much as you can. This is partially mindset too. I am striving for
a personality that cannot be stressed out or knocked. This is how some of the
longest living people are like.
4.
Exercise – I try to do at least 30 minutes of aerobic/cardio workout every day. This is
key and this is what everyone needs to get to at the very least.
19.
Go to bed at least a little better every day than you woke up.
1.
I do this in a couple key areas: Wiser (more knowledge), healthier
(exercise/nutrition/etc.), and Richer (more money)
2.
Billionaire Charlie Munger has said you do this for being wiser. Kevin O’Leary has
said you do this for more money. These things are KEY. What you will find is that if
you have the fortune of living to an old age, these things grow. Every small piece of
knowledge grows to something huge overtime.
20.
Hard work.
1.
Work and practice on your craft every day for hours. WORK ETHIC IS HUGE. If you
can outwork your competition you are ahead. If you’re working while they’re sleeping
or partying, you will get ahead in the long run even if you’re equally talented.
2.
Will Smith, Elon Musk, Gary Vaynerchuk have all admitted how they work 3x harder
than their competitors. When you’re taking a break, they’re working.
21.
Help Others Succeed
1.
The more you help other people be successful, the more successful you will be
Bonus Daily Routines of Successful
People:
1.
Be present with people, your environment, and your work
1.
Give people your full attention. Don’t be thinking about the future, other things, or the
past while you are with people. Be fully ENGAGED. Meditation helps with this.
2.
Be friendly, nice, and over-deliver. Establish good relationships with people.
1.
This will bring customer loyalty, which will bring people back, referrals, and more.
3.
Have a sense of humor, don’t take yourself too seriously and find some way to laugh
everyday
1.
This can be done in multiple ways: surround yourself with one or more people who
make you laugh a lot OR watch a lot of stand-up comedy.
2.
This has proven to help with your health, your healing of illnesses, your longevity and
your happiness. There’s science behind this.
3.
Some people take failures or bad events way too seriously and it affects them too
negatively.
4.
Wake up early and get things done before people even wake up.
1.
A lot of successful entrepreneurs have this routine. Most wake up quite early. (Not all
of them depending on the industry. Some have to work at night)
5.
Start the day with working on your #1 priority
1.
Use the 4 quadrants technique: Organize things into these 4 categories and do it with
this priority queue: urgent and important, important but not urgent, not important but
urgent, and not urgent and not important. The last two can be skipped.
6.
Realize that the mind is a very changeable thing and you can change it for the better over
time. Realize that the traits you admire in someone you can acquire for yourself. The things
you respect in someone whether it is their hard work or trustworthiness or friendliness can be
acquired for yourself.
7.
Don’t Complain
1.
Learning about other people’s lives can help a lot with this. There are plenty of books
out there of real life stories of people who have been born in the country you are with
less opportunity who have gone on to do bigger things. A good one is The Glass
Castle.
8.
Turn your weaknesses or differences into strengths
1.
I’ve seen this quite a few times from Arnold Schwarzenegger getting rejected for
acting because of his accent and enormous physique to hip hop artists being
rejected because hip hop was a new thing that was thought to be a fad and wouldn’t
last long.
9.
Find mentors or people to model success after. Pick people who have already gotten there.
Make sure you pick well. Honesty and ethics are a must in my opinion. This is VERY
Important. I cannot tell you how many successful people, including billionaires, stress the
importance of a mentor.
10.
Eliminate Limiting Beliefs.
1.
We all have a number of assumptions or beliefs that are oftentimes not true in reality
or in certain situations. Find them, eliminate them, and you stop them from holding
you back. One way of finding things is by starting from the bottom and figuring out
what you know absolutely is true and what you think may be true but might not.
11.
Never Give Up
1.
A lot of people give up when times get tough. As Steve Jobs said in the one interview
he had with Bill Gates, if you love doing something so much, you will keep going
even though everyone else has quit because it is logically insane to keep going. And
that’s when the breakthroughs happen. Persist. Persevere when others don’t.
12.
Realize that you control how you react to situations. You may not be able to control the
stimuli or the environment but you can control your reaction to things.
Business-Focused Tactics on How To
Become A Billionaire
1.
Make sure the product or service is really good. Always keep trying to make it better. You
can do marketing but if your product sucks or is not good enough, customers will not stick.
1.
Billionaires Elon Musk, Peter Thiel, John Paul De Joria, and Jeff Bezos have said
something similar.
2.
As a caveat, don’t be so honed in on perfection that you are paralyzed and never
release anything. Sometimes, your first thing is crap but you release it to get things
going.
2.
The customer is priority. Customers are #1. Do as much to give to your customer what they
want as you can. Develop the best product or service the customer could want as possible
1.
Customer service is very important.
2.
Customers can sense if you really want to help them or are just after their money
3.
Employees are #2, and technically are also, #1. This is because how you treat your
employees will reflect directly on how they treat their customers. I cannot stress how
many times this has been mentioned by successful entrepreneurs. Notable people
who have mentioned this include the billionaire Sam Walton and Lee Cockerell of
Creating Magic.
3.
Find the right Business Partner. Take your time to really get to know this person. Ideally,
spend years. This must be someone you can trust, fully understand, and is honest.
1.
You want your partner to ideally cover your shortcomings. If you are into business,
he must be into something else like sales.
2.
I cannot stress how important this is. There are SO many entrepreneurs who have
said this and embody this. There are so many successful businesses, some of them
very recent, who emphasize this. This is because a business partnership is the core
element of the business and if the partner leaves, betrays you, or takes the money
and leaves, that could mean the end of the business. It is often not as easy as
replacing the partner. This happens quite often.
3.
It is not a requirement that you know your partner for years and be best friends, but it
is better so that you can really get a good sense of who they are. Also, this does
NOT mean you partner with someone just because they are your best friend.
Business is tough and has ended many friendships.
4.
There are dozens of examples of successful people who embody this. The following
are pairs of billionaires who knew each other for years: Paul Allen and Bill Gates,
Steve Jobs and Woz, Rich Devos and his best friend grew up together and fought in
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