21 Billionaire Secret Habits To Success
21 Billionaire Secret Habits To Success
I have read over a hundred books and watched over tens of thousands of
interviews of the most successful people in the world (interviews, speeches,
compilations, etc.). I am not saying this to brag. I am saying it to give you
some credibility on why you should listen to me.
You pick up on some common themes after going through so many. I created
a minimalist outline of the core things I have found that can increase your
chances of achieving success and wealth. It ended up being longer than I
thought. I went into a little detail to give you a couple real life examples to
show you I actually know what I am talking about. Prepare to learn the
billionaire secrets to success in life and the habits of millionaires.
21 Billionaire and Millionaire Success
Habits
Before we begin, I think it’s important to define “success” as it is a broad and
vague term. By success, I mean the desired amount of money you’re after
and achieving your goals while staying happy. If you’re interested in doing this
while not having regrets (like sacrificing time with your family), I cover that in
other articles.
1. No entitlement or complaining
1. While losers are pitying themselves and complaining, winners are
working hard to build their dreams.
2. Those who act entitled do less, look at the world negatively, and
accomplish less.
3. Dream-building is an athletic, strenuous activity.
4. The world isn’t fair, and that’s okay. The world isn’t trying to screw
you over. You’re not that important.
2. Enthusiasm
1. Even for the lowliest of positions or occupations you have to take
(unpaid intern or janitor)
1. ““If it falls to your lot to be a street sweeper, sweep
streets like Michelangelo painted pictures, sweep streets
like Beethoven composed music … Sweep streets like
Shakespeare wrote poetry. Sweep streets so well that all
the host of heaven and earth will have to pause and say:
Here lived a great street sweeper who swept his job
well.” -MLK
2. Napoleon Hill spent his life studying the richest people in the world
in person. He found this to be a key trait in rich people.
3. Form great habits
1. See The Power of Habit Book Summary
2. The chains of habit are too light to be felt until they are too heavy to
be broken.
3. Humans are creatures of habit.
4. The younger you form them the better. The older you get, the
harder it is to form and break habits.
4. A Positive Mental Attitude (PMA).
1. This doesn’t mean to have an extreme, unrealistic optimism at all
times. You can have a dose of realism. It means staying positive
when times are tough so you can persevere.
2. Another Napoleon Hill success pattern.
5. Honesty
1. Do unto others as you would them do until you.
2. In the modern world of digital transparency, your reputation follows
you around. You can use this to build a massive brand people trust
or one people run away from.
3. Be NICE to people. Be friendly. Be positive. Having a pleasing
personality is huge.
6. The willingness to not care what others think of you
1. When pursuing your goals, you can’t let your fear of people
disliking you from stopping you from making the moves necessary.
2. Ray Dalio tested some of the world’s top leaders, like Bill Gates,
with a personality test. He found that all of them scored high on
being willing to have people dislike them to achieve their goal.
Along the journey, you will inevitably find people who don’t like you
and that’s okay.
7. A clear vision of your goals
1. You can’t get somewhere efficiently if you don’t care where you’re
headed.
2. Write your goals. Writing burns them into your subconscious.
3. Napoleon Hill says your purpose should be as definitive as
possible. Sometimes, I feel you can’t have everything figured out
and your purpose or career in life may not be crystal clear.
However, you can still make your goal clear. For instance, my goal
can be to test things out and find out what industry and career path
if I don’t know what that is yet.
8. Open-mindedness and constant learning
1. You have to be open to the idea that you are wrong because
sometimes you are.
2. As long as it’s not a big, unethical failure, such as one that lands
you in jail or destroys your reputation, it’s fine. Do not fear failure or
rejection. Don’t be so paralyzed you don’t act.
3. Many types of failure have tiny bad consequences. We blow it out
of proportion. Failure is often times useful and necessary to get to
where you want to go. They are learning experiences to guide you.
Many successful people have failed many times whether it was in
business ventures, ideas, products, or computer programs.
4. “If you’re not failing, you’re not trying.” See Carol Dweck’s Growth
Mindset book for more details.
5. One of the greatest problems is comfort of the mediocre. It is not
so bad that it prompts you to take action and so you sit there doing
nothing.
6. Most of the most successful people in the world (Usher via
MasterClass, Seth Godin via Tim Ferriss podcast, and many
billionaires) have failed 10x more than the average person. That is
what increases their chances of success. They try more.
9. Make decisions that reduce risk and increase reward.
1. Richard Branson found opportunities with no downside and
massive upside. For example, he struck a deal to return his first
airplane at no cost if his airlines business didn’t take off after the
first year.
2. Napoleon Hill and Henry Ford both found that those who were
unable to make a fast decision after all the resources were there
usually failed to follow through and succeed in life.
3. Some people know what to do but don’t take action. Some people
accomplish nothing by never taking action on what they’re told.
They believe they have but they’re not.
10. Patience and persistence
1. Patience in how long it takes you to achieve your goal, even if it’s
several years or decades.
2. Perseverance separate winners and losers. If the front door is
opened, try the window, then the back door, then sneak in with the
pizza delivery guy.
3. The moment losers give up (which is usually after repeated
failures) and winners persevere is the beginning of success.
4. Steve Jobs says he kept going when any rational person would’ve
given up. Loving what you do helps you persevere. Find your bliss.
5. A lot of people give up when times get tough. As Steve Jobs said in
the one interview he had with Bill Gates, if you love doing
something so much, you will keep going even though everyone
else has quit because it is logically insane to keep going. And that’s
when the breakthroughs happen. Persist. Persevere when others
don’t.
11. Find your passion
1. “If you can do it for joy, you can do it forever.” -Stephen King
1. Passion helps you persevere
2. Ideally, you want to get to the point you are excited and jump out of
bed to go do the work. There will be tough days for any job though.
3. You want to consider how competent you are at this work or skill. If
your potential for competence will never be there than this may not
be what your calling is.
4. I suggest listing out things you like and dislike about careers you
test out to move towards things.
5. Look for the alignment between something you enjoy, something
you have the potential to be very competent at, and something that
can pay you (to accomplish this last point and really squeeze the
juice out of this, you may have to be very creative and/or very
entrepreneurial)
6. It makes it a lot easier to not give up because you enjoy it so much.
You will keep going when others quit when times get tough.
12. Do what unsuccessful people are unwilling to do
1. This requires Self-control (willpower).
2. While some activities will be fun because you’re passionate about
them, you will still run into activities that you dread or despise.
Going through the pain and putting in the hard work will pay off
because others are unwilling to do so.
13. Always go the extra mile and do more than they pay you for
1. Doing the bare minimum will give you minimum results and growth.
2. While you may slide by in the short-term, it cuts off your long-term
potential.
14. Focus
1. Warren Buffett and Bill Gates say this is the number one thing.
Focus on your craft and perfecting your skill is key. Warren and Bill
focused intensely on computer programming and
investing/accounting for years, which is what they say got them to
where they are.
2. The more you focus, the faster you get good because you spend
more time on it.
15. Don’t do it alone
1. The founder of Nike says great things are done by a team. You
can’t do it alone.
2. Even Will Smith has a massive team he’s been with for decades
working behind the scenes for him, including a business partner.
16. Spend less than you make
1. Simple but more important advice to build wealth.
2. The more you save, the more money you have to use to make
more money.
3. Avoid spending money on items that don’t make more money.
Clothing and cars rust and deteriorate in value.
17. Health, fitness, and nutrition
1. Take care of your body. You only get one.
2. Nutrition – eat healthy foods. This is fuel for your body. You already
know what’s healthy. It’s common sense. Fast food and sugars in
excess aren’t good for you.
3. Sleep – get as much as you need. Sleep deprivation destroys
performance and focus.
4. Stress – eliminate as much as you can. This is partially mindset
too. I am striving for a personality that cannot be stressed out or
knocked. This is how some of the longest living people are like.
5. Exercise – I try to do at least 30 minutes of aerobic/cardio workout
every day. This is key and this is what everyone needs to get to at
the very least.
18. Lifelong learning
1. Learning doesn’t stop when you finish school. Go to bed at least a
little better every day than you woke up.
2. Do this in a few key areas: Wiser (more knowledge), healthier
(exercise/nutrition/etc.), and Richer (more money)
3. Billionaire Charlie Munger has said you do this for being wiser.
Kevin O’Leary has said you do this for more money.If you have the
fortune of living to an old age, these investments compound. Every
small piece of knowledge grows to something huge overtime.
19. Outwork competition
1. Work and practice on your craft every day for hours. WORK ETHIC
IS HUGE. If you can outwork your competition you are ahead. If
you’re working while they’re sleeping or partying, you will get
ahead in the long run even if you’re equally talented.
2. Will Smith, Elon Musk, Gary Vaynerchuk have all admitted how
they work 3x harder than their competitors. When you’re taking a
break, they’re working.
20. Give more value than you get
1. The more value you give out, the more opportunities you’ll get.
Sometimes, it’ll take years for you to see the return because you
want to build goodwill rather than one-for-one transactional
exchanges. Eventually, you’ll get the opportunities to ask for
something back.
2. “You can have everything you want in life if you will just help
enough other people get what they want.” -Zig Ziglar
3. Give your music, give your craft, give your services, give your time,
give your energy, etc. In time, the more competent you get at
something, it will come back to you in one way or other, whether it
is growing buzz about you or through connections.
4. People can sense when you have a hidden agenda to get
something back immediately for something you gave for “free.”
This turns them off.
21. Believing and seeing what’s truly possible
1. We all have a number of assumptions or beliefs that are often not
true.
2. If you don’t believe something is possible, you won’t even try.
Without trying, your chances of success are the closest to 0% as
possible.
3. Find your limiting beliefs, eliminate them, and you stop them from
holding you back.
4. People thought artificial light, airplanes, and wireless
communication were impossible and fairy tales not that long ago.
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