Billionaires are not really that different from the rest of us!
A lot of them are just regular people who have discipline and good habits that result in unusual financial wins.
Billionaires have thought and action habits that we can all learn from. People that have different results do things differently. And they do things differently because they think differently and take action consistently.
Even if you never make the billion-dollar club, you can be much more financially successful than you’ve been so far if you Start thinking and acting like a billionaire!
Here’s six ways a billionaire thinks and acts differently than most of us:
Billionaires have a long-term perspective. Most people are focused on surviving another week or planning their weekend. It’s a short-term perspective that has long term effects on our accumulated wealth.
● A billionaire is making decisions and taking action for objectives that are often 10 years or more into the future.
● Spend some time working toward something that will make life better five years from now. Be one of the very few who has a future focused financial growth strategy!
Billionaires value time over money. For a billionaire, money isn’t the priority of focus. Buying a $200,000 car is irrelevant when you make $10 million a month. Billionaires value time. They maximize how they are spending their 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, but many people take it too far. Stop trading time for money and start thinking about how you money can do more of the heavy lifting generating multiple income streams from investments, partnerships or monetizing a passion. Be creative!
Billionaires delegate. You can’t make a billion dollars all on your own. Many entrepreneurs struggle to grow beyond a certain level. It’s often because they won’t utilize other people to do the work.
● It’s better to make 1% from the efforts of 1,000 people than to make 100% from just your own effort.
● Delegate as much as possible. Always be looking for more valuable ways to spend your time.
Billionaires focus on making more money, more than saving. The typical financial guru touts cutting expenses to the bone and saving as much as possible. That’s fine if you've decided you prefer 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.
● Billionaires primarily focus on making more money each year.
● It's good to save your money but put attention on boosting your income generating potential. Think about ways to leap frog the standard 2-4% pay raises with an innovative take action plan.
Billionaires have big goals. Billionaires aren’t aiming for a six-figure salary, a Tesla, or week in Europe. Their goals are more along the lines of taking over an industry or owning a million acres of farmland. You can’t achieve big things without big goals.
Most billionaires like to work more than anything else. 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 their work. That’s part of the reason they are so successful.
● A billionaire isn’t always obsessed with the idea of stockpiling more money - they just enjoy seeing improvement and progress in their life more than they enjoy doing anything else.
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. And thinking like one can prove to be quite lucrative!