I interviewed 21 self-made billionaires about their secrets to wealth and success-here's what I learned - Deepstash

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I interviewed 21 self-made billionaires about their secrets to wealth and success-here's what I learned

https://www.cnbc.com/2019/06/21/self-made-billionaires-the-6-habits-of-massive-wealth-and-success.html

cnbc.com

I interviewed 21 self-made billionaires about their secrets to wealth and success-here's what I learned
There are billions of people in the world, and only a tiny fraction of billionaires. These are the people who have created phenomenally successful businesses and changed the world in significant ways. What's their secret to achieving such impressive accomplishments? What are their belief systems? What gives them the energy to pursue ambitious goals?

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Practice Discipline

Practice Discipline

Billionaires are often highly disciplined and set extraordinarily high standards for themselves and the people around them. Of course, they have lazy and unmotivated days but they don’t allow themselves to slack off.

You can’t be successful if you don’t hone your skills. Limit the distractions and temptations that hinder your progress, show up and be eager to grow your skills.

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Commit To Routines

Commit To Routines

Routines and rituals are sets of habits that, when practiced consistently, lead to profound, long-term results. Most billionaire routines start early in the day and include exercising, reading and contemplating.

It doesn’t matter when you do your routine activities. What counts is that you commit to doing them — even when you don’t feel like it.

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Contemplate

Contemplate

Billionaires love setting aside alone time. .. To think. They might do this by meditating or some other relaxing activity they enjoy.

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Read

Read

Many billionaires are avid readers of a wide range of topics from fiction and nonfiction.

Keep a priority list of titles based on your interests or recommendations from mentors — anything that will add value to your life. If you want to go the extra mile, mark interesting passages and write down notes, thoughts and ideas.

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Take Care Of Your Health

Take Care Of Your Health

Billionaires maintain their health by exercising regularly. They also often practice meditation or stick to a nutritious diet.

Many incorporate their favorite sports into their workout regimen and claim that sports teach us about winning and losing, essential skills in business and life. 

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Wake Up Early

Wake Up Early

Most billionaires wake-up around 5:30 a. m. Waking up early gives you more time to think in silence, work undisturbed and mentally prepare for the day.

It’s important to note that getting less sleep isn’t what makes you successful. The majority of billionaires function best after seven to eight hours of rest; they simply go to bed earlier.

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“If something is important enough, even if the odds are stacked against you, you should still do it.”

Elon Musk

Hustle Early In Life

Elon Musk (Founder Of Spacex, Tesla Motors And Contributor To Paypal): Musk, at 12 years old, taught himself to code and sold a game he made for $500. When he moved to Canada, he worked odd jobs including tending vegetables, shoveling out grain bins, and cleaning out gunk from a boiler room in a lumber mill.

In university, Elon sold computer parts to make extra cash and turned his 10 bedroom fraternity home into a nightclub on the weekends and charged a cover. Since then, he’s built several companies, including SpaceX, Tesla Motors, PayPal, and zip2.

“It’s important to be willing to make mistakes. The worst thing that can happen is you become more memorable.”

“It’s important to be willing to make mistakes. The worst thing that can happen is you become more memorable.”

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The Ego is confusing

The Ego is a confusing paradox. Many are in agreement that ego was bad, that it destroyed creativity and happiness, that they knew plenty of toxic egomaniacs who had wrecked themselves. But they st...

Ryan Holiday

Ryan Holiday

"One does not need to be an egotistical maniac to be successful. 

This is one of the most misleading and destructive myths in all of Western culture."

Trouble starts with Ego

It starts where our notion of ourselves and the world grows so strong that it begins to distort the reality which surrounds us. 

The ego has then succeeded in completely separating us from the world.

The Elixir of Life

Sleep, something which people take for granted, much like oxygen, is the elixir of life.

Insomniacs must know that sleep is natural, and normal, with each of us having the ...

Tips for Sleeping

  • Get up at the same time every morning.
  • Write affirmations to tell yourself that your body knows how to sleep.
  • Don't involve your over-thinking mind too much.
  • Use your bed is for sleep and sex only.
  • Don't lie awake for more than 20 minutes on the bed, and if you can't sleep, get up and try to do some calming activity like folding laundry.

The Enemy of Sleep

Our body will take care of itself if left on its own. It is our mind which is the culprit, running like a motor, inducing low-grade anxiety inside us.

Sleep is not something you have to do, but something which happens naturally to you. If an insomniac forgets that he is an insomniac, he will have a good night's sleep.