880 words (5 mins to read)
Are billionaires unusual creatures that are born different from the rest of us? Maybe, but maybe not. It doesn’t really matter.
What’s important is that how billionaires think is different to the rest of us and they have a different approach to the world, an approach that we can all learn from.
The richest people in the world have had different results than the rest of us and so they must have done things differently.
And they do things differently because they think differently.
It might not actually be possible for you to become a billionaire. After all, think what it generally takes to do so. Forget the work and effort for a moment, which would be substantial, it generally requires you to come up with an idea that has huge growth potential.
To become a multi-billionaire would require growth to the tune of being able to sell it to a large proportion of the world, often at a high markup.
And those ideas don’t grow on trees. They are ideas that have seemingly come out of the ether and resulted in a grand vision. A vision that the world wants and is ready to pay you for.
But regardless, you can most likely be much more financially successful than you’ve been demonstrating so far, and maybe all you need to do so is to start thinking like a billionaire!
Most people are focused on surviving another week or planning their weekend. It’s a short-term perspective that never results in anything in the long-term.
A billionaire is making decisions and taking action for objectives that are often 10 years or more into the future.
A regular person might have to scramble to survive in the short-term, but there’s no reason why they can’t spend some of their time working toward something that will make their life better five years from now. However, very few do.
For a billionaire, money isn’t really a thing anymore. Buying a $200,000 car is irrelevant when you make $10 million a month. Billionaires value time. That’s why they often have drivers, charter planes, and assistants.
Conversely, many of us are willing to sacrifice too much time in order to save money. Sometimes this is necessary, of course, but many people take it too far.
As much as possible, use your time for a higher purpose.
You can’t make a billion dollars all on your own. Many entrepreneurs struggle to grow beyond a certain level and it’s often because they won’t utilize other people to do the work.
It’s worth remembering that time is the one thing we can’t get more of. So prioritize what’s important to you and offload and delegate as much as possible so you can put more time into your priorities.
It’s better to make 1% from the efforts of 1,000 people than it is to make 100% from the effort of just yourself.
Always be looking for more valuable ways to spend your time.
The typical financial guru touts cutting expenses to the bone and saving as much as possible. That’s fine if you want to sacrifice today to be wealthy in 40 years when you retire.
However, it’s difficult to save a lot of money each month unless you make a lot of money each month.
Many billionaires are relatively tight with their money, but they primarily focus on making more of it than saving what they already have. And they do this by inventing the next big thing that they’re going to share with the world.
Save your money, but put attention on boosting your income.
Billionaires aren’t aiming for a six-figure salary, a Corvette, or week in Rome. Their goals are more along the lines of taking over the telecommunications industry or owning a million acres of farmland. You can’t achieve big things without big goals.
It burns the same calories whether you think big or think small, so think big! Thinking small also inherently limits your potential. Thinking big does not.
Some people look at billionaires and wonder what’s wrong with them.
“Don’t they already have more money than they can ever spend?”
“Why don’t they travel, spend time with friends, or learn to play the piano?”
“I could find something better to do than just work if I were wealthy.”
What most people fail to realize is that really successful people love to work. They’re passionate about what they do. That’s part of the reason they’re so successful. Looking forward to our next holiday is because we don’t like what we’re doing.
These people don’t want to go on holiday, they want to wake up, go to work, and put the next brick or stepping stone down that brings their vision and goal one step closer.
A billionaire isn’t always obsessed with the idea of stockpiling more money – they just enjoy seeing improvement and progress and realising their vision in life more than they enjoy doing anything else.
So you want to be a billionaire? Get a vision, a big vision, and work at that vision until the day it’s realised. Then continually improve upon it.
How does your way of thinking compare to that of a billionaire? Which of the ideas above can you incorporate into your own thinking?
You don’t have to be worth a billion dollars to think like a billionaire. In fact, billionaires thought like billionaires before they were even millionaires. So hop to it!
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