10 Self-Made Billionaires In The World That You Should Learn From
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.
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Sara Blakely (Founder Of Spanx): She started her billionaire journey when she was 27 years old, out of her Atlanta apartment and revolutionized the way women look in their clothes. She also started the Sara Blakely Foundation to help women through education and entrepreneurship and later joined the ‘Giving Pledge’, a commitment to donate the majority of her wealth to help others who truly need it.
Warren Buffett (CEO Of Berkshire Hathaway): He’s an American investment wizard and businessman who started investing in stocks at 11 years old and real estate investing at 14 years old. He’s had a few businesses and grew Berkshire Hathaway into one of the most valuable companies in the world based on his ‘invest what you know’ mentality and strategically investing in undervalued businesses for the long term in many industries.
Guy Laliberté (Co-Founder And Former CEO Of Cirque Du Soleil): He started as a street performer playing the accordion, walking on stilts and eating fire. In 1987, he co-founded a circus troupe in Montreal and took a big risk moving it to Los Angeles which eventually led to it becoming the famous Cirque du Soleil.
In 2009, he became the first Canadian space tourist and his spaceflight was dedicated to raising awareness on water issues making it the first, in his words, ‘poetic social mission’ in space.
Oprah Winfrey (CEO Of Oprah Winfrey Network): Considered one of the most influential women in the world, she is an American media mogul, producer, talk show host, author and philanthropist.
She grew up in poverty and by the time she was fourteen, she suffered physical abuse, molestation, and the death of her first newborn. A few years later, she won a beauty pageant, got her degree in speech and performing arts and became an ABC news anchor.
Mark Cuban (Owner Of The Dallas Mavericks, Landmark Theatres, Magnolia Pictures And Chairman Of Axs Tv): Before his billionaire days, he learned to stretch his dollar by living of ketchup and mustard sandwiches, couch surfing, and living on the cheap. In university, he made extra cash teaching dance lessons and hosting disco parties.
He lived on the cheap for a long time in order to build and grow his businesses and investments into a multi-billion-dollar empire.
Jack Ma (Founder Of China Yellowpages And Alibaba): His mental toughness and resilience got him through many failed school and university exams. After graduating, he went on to dozens of rejections from jobs.
Before becoming rich, he was kidnapped on a business trip to Los Angeles, threatened with a gun, and held captive in Las Vegas before managing to escape. His mental toughness, resilience, extreme determination and passion to achieve his goals eventually paid off and he went on to build a massive internet empire.
Zhou Qunfei (Founder Of Lens Technology): When she was 16, due to financial hardship and a need to support her blind father, she dropped out of school to work as an operator in a watch glass company.
She learned the ropes of the glass making business by studying alone at night and relying on books to create different technologies. Now, her company supplies touchscreen glass to a quarter of all smartphones in the world.
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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 thems...
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.
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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No matter how busy successful people are, they always spend at least an hour a day (thus five hours a week) learning or practicing. And they do this across their entire career.
Besides expanding your knowledge, reading can give you a good head start; this is often what your peers cannot obtain.
Even if you can't commit to an hour or more of reading every day, start with 20 to 30 minutes.
The five-hour rule also includes reflecting and thinking. This could be just staring at the wall or jotting down your thoughts.
Focusing on the past gives you a chance to learn from mistakes you've made, as well as assess what you did correctly. As a result, you’ll be better suited to achieve your goals and improve your life.
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Elon Musk uses decision trees to make big decisions (a tool that uses a tree-like graph or model of decisions and their possible consequences, outcomes, and resources). They are particularly useful for avoiding stupid risks and big bets that aren’t likely to succeed.
Most became a billionaire by making unlikely big bets, as their expected return statistically was much higher than safer bets.
One of the best ways to get information is not from just being better at searching Google, it’s from learning how to build a network and get the information you need through that network.
This network should include people’s lessons learned and hacks, topics that are too sensitive to talk about because they make someone look bad, and tacit knowledge (knowledge that people have but aren’t able to articulate).
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