7 Powerful Habits of Self-Made Billionaires | That Will Immediately Improve Your Life
Hello friends! Welcome to our website, We have given you information about business in each of our posts, and today we will give you some more information about business and the 7 Habits Billionaires Become Successful and Rich by Practicing.
But before we get into the habit of billionaires, we need to know what a billionaire is.
Who do we call billionaires?
Those who have big houses of their own, from luxury cars, and servants who have security guards and own private jets, should we call them billions? No, they are not billionaires.
So what do we call them billionaires? Political, financial power, social power. No, we will not call any of them billionaires.
In fact, billionaires are those who have intellectual power, mental power, and spiritual power. Please read this post carefully, because today we will give you a Game changing idea. Many great people have said that –
“You don’t have to be great to start, you have to start to be great.”
Friends, today we will tell you about the habit of those billionaires that is why they are billionaires.
They don’t wait they act
ACT means action changes things, it means to act quickly and to act small.
- Focused mindset
- Focused goals
- Focused thinking
- Focused conversation
This means not talking to everyone and not talking nonsense.
If you follow these steps well, you will be able to gain some good knowledge from here if you read to the end.
Dhirubhai Ambani (Founder of Reliance) started a small startup, the son of a schoolmaster started a business on the sidewalk.
Karsanbhai Patel (Founder of Nirma Group)You all probably know that now he owns a manufacturing company, he used to make small detergents at home and sell them on his bicycle.
N.R. Narayana Murthy (Co-Founder Infosys) studied for IIT and cleared IIT papers, but Ener’s father did not have enough money to get admission in IIT, to pay IIT fees. Then Narayana Murthy started his company by selling his wife’s Jewelry, and now IIT publishes a case study about Narayana Murthy.
Sunil Bharti Mittal (Chairperson Bharti Enterprises) is the owner of Airtel. He would first go inside the truck, the truck in which his consignment would go, he would travel in the truck where the drivers used to sleep, he would sleep with them. Because your future depends on what action you take today.
Matsushita Konosuke is called God of business in Japan. When Matsushita Konosuke was 23, she worked for an electronics company. He had no formal education, but he made a High Quality light socket. When Matsushita Konosuke presented that light socket to her boss, her age said “nonsense, the light socket has been redesigned”, you know people in Japan. Talk less. At that time Matsushita Konosuke started making a new version of the light in her own home and made a new version of the socket. And then he took those bulbs and started selling them on the street by bicycle. And then Matsushita Konosuke did her own company just called Panasonic. Now Panasonic is one of the ten biggest bands in the world.
Colonel Sanders [Founder KFC (Kentucky Fried Chicken)], Colonel Sanders started KFC at the age of 85 and his recipe was rejected 1009 times. So imagine Colonel Sanders who was 65 years old when he started to retire, but he retired without retiring, and for which now a big band like KFC has been formed.
Billionaires don’t wait for luck to get better, it’s the habit of billionaires. Billionaires’ habit is inherently solution oriented, big dream, small start, big vision, small action.
Laser sharp focus
Laser sharp focus is common among all billionaires, laser is very powerful, a laser can cut cancer. And since we’ve raised this issue, the biggest example of this is Elon Musk.
When Elon Musk was young, Elon’s parents thought Elon Musk could not hear, they saw that Elon Musk always thought but I could hear. Then her parents took her to the doctor and the doctor told her to have surgery, and that’s why Elon Musk had ear surgery as a child. But even after the operation, his parents can’t see or hear him and Elon Musk is thinking of something all the time.
And then her parents realized that Elon Musk’s ears were fine, but when Elon Musk thought of something, he would be disconnected from his surroundings. To think with such a focus that no matter what happens to him then, he can’t hear anything. And the same goes for Laser sharp focus.
Elon Musk used to say that he would not take any break in between.
“work expands so as to fill the time available for its completion”
– Cyril Northcote Parkinson
This means that time will expand as much as you tell time to expand.
Time blocking means to block the time of everything, to block the time you have for any work. Mark Zuckerberg, the founder of Facebook, spent the rest of his life wearing the same clothes, and in the same way, Warren Buffett has the same clothes, the same design, and Warren Buffett has an MCD principal. Warren Buffett says the three things he shares are –
- M – Must Do – Must Do means “Every day you have to do as much work as you can today”
- C – Can Do – Can Do means “If I survive, I will do these things”.
- D – Don’t Do – Don’t Do means “I’ll give these things to someone else I won’t do”
In the same way, Elon Musk made his own time block schedule, and that was to spend 5 minutes in a meeting. Elon Musk A lot of focused people, Elon Musk doesn’t get angry at anything as much as someone gets angry when he wastes his time. Because Elon Musk blocks the time for each meeting for 5 minutes, and then Elon Musk gets hard.
“If you don’t control your schedule your schedule will control you.”
Focus on One Task
This means that when you do a task, just focus on that task, and you have to do that task in such a way that the task try is most important to you. Swami Prabhupada used to say that –
“I drink water only when I drink water”
– Swami Prabhupada
You may not understand this line but it is a very deep line because it says that “when I drink water I only drink water” is the focus.
Jeff Bezos (founder of amazon) used to say “I don’t want more time, but I want more at that time”
Productivity, time management, efficiency, are controllable measures, you can control them yourself.
Growth oriented mindset
If you continue to waste your time, time will pass.
“It’s not important to be busy, it’s important what you’re busy with”
This is called growth oriented mindset. There are many ways to block time, such as when you first see who is running two or three projects, or two or three companies, or are you always busy on social media, or are you struggling for big picture thinking. Then you start blocking your time, Elon Musk is afraid so that his time is not wasted. There are many types of time blogging –
Time blocking Types
Task batching – Task batching means to batch the same work.
Day Theming – Day Theming means sharing the theme of each day. Example – Monday will only be reviewed, Tuesday will be just training, Wednesday will be just researched, it means you have done a full day theming.
Time Boxing – Time Boxing means setting a time limit. Example – The meeting has to be completed within the chart, which means you have limited the time and made the box, which means you have to finish the work within that time.
Value of money
Businessmen value so much, and they value a lot of money. And here are the stories of some of these related businessmen –
On the birthday of Rohan Murthy, son of Narayan Murthy (Co-founder Infosys), Rohan Murthy tells his mother, “Mom, I’m going to party with friends at a five-star hotel,” and his mother Sudha Murthy says, It will cost fifty thousand rupees to give a party. Then Sudha Murthy says to her son, “If you give him twenty thousand rupees for this money, his son will be able to read well,” and then the mother explains to her son, “Why to waste so much time, son, you are better than your friends.” Give me a Singara and a bottle of juice. “Although the boy is a little upset with his mother, he then convinces your mother a little and says,” Okay, that’s what you’re saying, but I’ll just add a rose.
And today, that Narayan Murthy son says one thing that mother, you taught me the biggest lesson then, then Rohan Murthy, his driver gave someone twenty thousand rupees so that his son could read.
Mukesh Ambani (chairman and MD Reliance Industries Limited) owns three private jets. And Mukesh Ambani Daughter Isha Ambani then went to study in London, and there Isha Ambani proudly told her friends “Private jet will come to pick me up on my vacation, I am Ambani’s daughter”. And when this word reached Mukesh Ambani, Mukesh thought that his daughter was arrogant, so Mukesh Ambani did not send his private jet to London for his daughter at that time, and then Mukesh Ambani told his daughter, “The money you have been given out of pocket money.” So, save money from that money and come with your own ticket “. And when he saved money after these incidents, there was not enough money to buy a business class ticket, the only money he got was an economy class ticket. And he came from London himself, and his father did not allow him to use a private jet for 1 year, Mukesh Ambani said first I will teach you value.
One day Mukesh Ambani’s son insulted the watchman and said I am Ambani’s son. When Mukesh Ambani came to know about this incident, Mukesh Ambani sought out the Chowkidar and apologized to the Chowkidar for his son.
Bill Gates (co-founder of Microsoft Corporation) If you survey somewhere in your neighborhood office and if you ask anyone there, each person will take Billgates’ name among the three most influential people. Bill Forbes was the richest man in the world 18 times out of 23 when Forbes released the list.
One day Billgates’ daughter went to a restaurant and gave her daughter a dollar 500 tip to the waiter. The girl came with a 500 500 tip to the waiter, and her father went to that restaurant and gave the waiter a 5 tip. The waiter said your daughter gave 500 500 and you are the richest man in the world you just gave me five dollars, then Bill Gates said very simply “Look brother she is the daughter of the richest man in the world, and I am the son of an ordinary schoolmaster”. Here Bill Gates wanted to say that I never spend a lot of money unemployed, and Bill Gates traveled almost all the time sitting in economy class, not that the rich man wasted money where seconds are wasted.
Warren Buffett is one of the richest men in the world, but to this day he lives in a $ 31,000 old house in 1975, and he drives his own car.
“Avoid spending money on things that doesn’t contribute to your success”
This means that where you are investing your money, as it contributes to your goal, if it contributes to your goal, then it is okay to spend money there. Spend money where there is value for money.
Risk Taking Ability
Every billionaire has taken a lot of risks in life, they have courage.
Risk does not mean that you have to take out a loan again and again.
- Calculated risk.
- Can visualize success.
Walt Disney Mickey Mouse was doing well in the market. Walt Disney thought of making a new cartoon, a fully animated, feature-length film. And no one made such cartoons in that era at first. Everyone was upset, saying that your Mickey Mouse is doing well, why are you going to mess up again. But Walt Disney didn’t hear that and he kept working. And at that point, his money goes low and the situation gets worse, but Disney still doesn’t give up and he goes to work. Then Save came traveling the whole world and asked for money from many, but no one wanted to help him with money. And Disney’s wife and brother told him that your Mickey Mouse is doing well, you don’t have to go to make a new cartoon. But even then Disney refused, so he mortgaged his house and raised money instead. Then Disney became so successful that he invested 1.5 million dollars and he got a return of 8 million dollars.
When Dhirubhai Ambani (Founder Reliance Industries) went to Mumbai, he lived in a slum with his neighborhood master’s son. When Dhirubhai Ambani started a textile mill, people said take everything secondhand, then Dhirubhai Ambani said “If I do, I will do your number one job”, then Dhirubhai Ambani took rickshaws and today the whole world knows his result. Dhirubhai used to say that “I do my best and work with the most advanced technology”.
(Founder SpaceX | Tesla) took many risks in his life, and if it is seen that Elon Musk is the king of risk, we do not think that he has taken more risk than Ener. Neil Armstrong, who was the first to go to the moon, still makes fun of Elon Musk, yet condemns Ener. Elon Musk was against Neil Armstrong when he was developing commercial space flight. Elon Musk’s morale was broken by many but he did not stop working hard. Instead, Elon Musk used to say to Neil Armstrong, “You’re a guru again. If you come and see how hard I’ve worked, you’ll be convinced.”
In 2008, Elon Musk had only 40 million. And started two of the biggest difficult projects, one is SpaceX and the other is Tesla. These two companies were very risky and Elon Musk had only 40 million. It was clear to him that if he invested in one company, his other company would be ruined, and if he divided and invested in two companies, both companies would be ruined. But Elon Musk took the risk and divided and invested in both SpaceX and Tesla, and took both companies forward and made them successful.
Discipline health and fitness
Billionaires say that physical and mental fitness needs to be something that provides energy.
Jeff Bezos works out for 1 hour every day and travels with his physical fitness trainer. Jeff Bezos says he doesn’t do all the big meetings in the morning, because after dusk the brain works slowly, getting 8 hours of sleep every day. Jeff Bezos thinks that if he gets 8 hours of sleep, he will be able to make big decisions.
Every billionaire sleeps seven to eight hours no matter how hard they work, but they all sleep 7-8 hours and need to sleep. Elon Musk himself sleeps seven to eight hours every day, even after working so hard, and wakes up and exercises every day. Eats regulated foods, such as superfoods, honey, nuts, etc.
Warren Buffett does a light workout every day if Ener is older. Then Warren Buffett comes home after playing the bridge game.
Bill Gates sleeps six to seven hours. And Mark Zuckerberg eats healthy juices all the time to keep his body fit. See if it is entirely up to you what you do to keep your body well.
Self-learning makes all billionaires, self-learning is a very big Game changer. For those who have gone so far, learning is like a mango sapling in the ground. When you plant mango seeds in the ground, the result will not come at the beginning, but when the result comes, you will get the sweet fruit of Lifetime.
If you want to live an extraordinary life then formal education will not work, for that, you need continuous learning. Because formal education makes you worthy of living, and continuous learning makes you successful in life.
If anything is not used for a long time, it is bad, it is bad even if it is a car, and if your body and your brain are just lying around, it will be bad.
The greatest example of continuous learning is Warren Buffett. Warren Buffett says borrow a weapon to cut down trees quickly. We don’t think anyone in the world reads more than Warren Buffett because Warren Buffett reads 10 hours every day, all the big newspapers read Warren Buffett.
Elon Musk used to read for 15 hours as a child. And Elon Musk used to say –
“Investment in knowledge pays the best interest”
- Bill Gates reads 50 books a year.
- Mark Zuckerberg reads 1 book every week.
- Steve Jobs reads 1 book every month.
- Mahatma Gandhi has read 11000 books in his entire life.
- Barack Obama reads 1 book every week.
- Jack Ma tries to read 1 book.
See, there is a lot of quality in billionaires –
- They stay motivated from the inside.
- Be very strict with yourself.
- Regular at tracking progress – self, and others.
- Their Decision maker is intense.
- And they always work on it with feedback.
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