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7 Behaviors of Billionaires You MUST Copy if You Want To Be Rich
Posted on December 04, 2016
Being a person on planet earth with at least 10 figures for a net worth is no easy feat. While being a billionaire is most people’s dream, it’s very few people’s reality. That’s because it’s easy to wish you were a billionaire, but it takes work to develop the behaviors and ideas that get you there.
If you look above and below the surface, you’ll find that most billionaires have several things in common. The same behaviors lead to success in multiple people. Most of these behaviors belong to millionaires, too.
Waking Up Early – No one gets a pass on this one. Billionaires aren’t ones to sleep in. Billionaire Elon Musk says he sleeps exactly six hours each day. So, while the rest of the world thinks you need 8-10 hours of sleep each night, billionaires like Elon keep sleep short and sweet. They use it to recharge, not to be lazy.
When you wake up before the sun, you enjoy the benefits of a full day. While most people are sleeping, billionaires are up working, getting a leg up on the marketplace and the people in it. When you have a lot on your mind and a lot on the line you have no time to waste on beauty sleep.
Growing Every Day – in order to bear the responsibilities having billions of dollars brings, you have to be willing to grow more and more each day. You can’t be the same person you are when you have millions as you need to be to have billions. You must be in a constant state of expansion.
Larry Ellison, who has a reported net worth of almost $50 billion dollars, has dedicated his entire life to growing every day. He’s learned to grow daily through mistakes. He’s been quoted as saying, “I’ve had all the disadvantages required for success,” which means he’s had to grow in order to survive all the hardships he endured while getting where he is today.
Controlling Your Own Time – There are two phases in a billionaire’s life. One phase, where they are trading time for dollars. Another phase, where they are trading dollars for time. Time is the only thing you cannot buy more of. We all have a finite amount of time, and what you do with yours makes you who you are.
Sir Richard Branson is known for his stand-up meetings. He doesn’t like to sit down in meetings. He says, “I find that standing up in a meeting is a quicker way of getting down to business.” He’s even known for his walking meetings. The point is, he knows his time is valuable, so he controls it, not the other way around.
Believing Anything Is Possible – I’m sure along the way to billions, plenty of people tell you what you’re doing can’t be done. Sean Parker says, “I suffer from this delusion that every product of my imagination is not only possible but always on the cusp of becoming real.” This belief has led to Sean Parker’s net worth of $2.4 billion.
Most living billionaires started with a dream. They dreamed something that didn’t exist, that would one day be created by them. Such as Sean Parker, who wanted a way to share music. He started Napster, and as a result of that, is now a heavy investor in Spotify.
Taking Massive Action – No one ever made a billion dollars from an idea. They made a billion dollars by making an idea come true. There’s a huge difference. Most of us walk around every day and come up with great ideas. “What if they had this?” or “We need someone to invent this,” and while you and I have ideas, what we don’t have is billion-dollar execution plans. Thinking up cool shit is one thing, taking action to make it real, is another.
Take Bill Gates, the world’s richest man, for example. He wanted people to have a computer operating system that was easy to use and universally transferable. He could have easily just sat around and waited for someone else to code it, but instead, he gathered up his friends and they took massive action.
Delegating Everything – Billionaires realize they can’t do everything alone. Do you think Elon Musk knows how to design cars, batteries, online banking and space ships? GTFOH! He may be super smart, but he can’t know everything about all that stuff. It’s impossible. What he does know how to do, is delegate tasks to the proper people.
One of the key factors to Elon’s success is his ability to spot and hire talent. From scientists to marketing executives, Elon is well known for his delegation skills and his ability to leverage other people’s skills to further his mission. In other words, delegate out as much as you can.
Getting Paid For Their Time – Mark Cuban once said, “Never do meetings unless someone is writing a check.” If you don’t value your time, neither will others. When you’re a billionaire, everyone wants your time. They wanna pick your brain, ask you to invest with them and everything in-between. If you’re going to spend your time doing something, you need to get paid for it.
The thing about billionaires is that they have a high net worth and a high self-worth. They know their value and if someone tries to devalue them, they dismiss them.
If you really want to be a billionaire, you gotta start thinking and acting like one. Starting with the above-listed seven behaviors will get you started down the right path. You’ll never reach the top without ’em. Copy these behaviors and you’ll see an increase in all areas of your life. After all, you want to be a happy billionaire, right? Not one of the evil billionaires from the movies that are always trying to destroy the world.