Successful individuals are known for sharing similar habits such as waking up early, saving, providing value to others, and taking calculated risks. However, sometimes the person or the habits aren’t 100 percent understood – no matter how much you think you know about them.
Here’s a look at 10 secret facts, I came across, about billionaires that most of us don’t understand.
Every successful billionaire reached that status because they weren’t afraid to put everything on the line and boldly step into the unknown. However, that doesn’t mean that they don’t worry. Having a little bit of pessimism allows you to spot any flaws in your business that you otherwise may have overlooked.
It’s no secret that taking care of yourself is an essential part of being successful since it reduces stress and prevents you from getting sick all of the time. In other words, if you’re stressed out and battling health concerns all the time — how can you focus on your business?
This may sound like the most counter-intuitive advice ever, but think it through. It’s more difficult to borrow money when you’re struggling and it helps you build liquidity.
When a billionaire is told that something can’t be done, they accept the challenge to prove their naysayers wrong- even if it didn’t make them popular among their peers.
Just because you have a well-thought plan doesn’t mean that it’s going to work. You never know when either disaster or opportunity will strike. As Eric Schmidt, former CEO and current executive chairman of Google said “it’s all about recognizing opportunity.”
Billionaires are known for being disciplined and frugal. However, there is one exception; investing in yourself and the people around you. Whether it’s purchasing a new computer, going on a vacation, or learning a new skill, investing in yourself can make you more productive and encourages a healthy work life balance.
Billionaires are intelligent and skilled, but that doesn’t mean that they have to be the smartest person in the room. Instead of being threatened by people who are experts, billionaires thrive on learning from people who are experts so that they can eventually become experts themselves in that area as well.
Billionaires definitely grab the spotlight, but without an amazing team behind them, whether it’s their spouse or employees, they wouldn’t be where they are today.
We often assume that successful people forget where they came from and head for greener pastures. However, they actually stay true to their roots in order to remain humble
Billionaires aren’t complacent, no matter how successful they are. They’re always innovating and looking for the next big thing.