Automated Investing

5 Billionaire Mindsets for Success



Each person's thoughts and experiences have a huge influence on their ability to develop and accumulate wealth.  So the question is what are billionaires mindsets and What are their living ways to achieve such great success?  Here are 5 billionaire mindsets for success that you should know.

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Each person's thoughts and experiences have a huge influence on their ability to develop and accumulate wealth.  So the question is what are billionaires mindsets and What are their living ways to achieve such great success?  Here are 5 billionaire mindsets for success that you should know.

1- Value mindset 

Most rich people understand the meaning of value, because only it can bring wealth.

The things you're willing to buy, the people you're willing to interact with, are all things that are valuable to you, otherwise you wouldn't want to spend money or a minute on them.  Most of us spend our money and time enriching others and so if you can get others to spend their time on you or what you create, you can also become rich.

5 Billionaire Mindsets for Success5 Billionaire Mindsets for Success / ph: pexels 

The thing that rules this world is the word "value".  If you can't create value, then you shouldn't be rich, that's fair, right?

Three tiers of value:

- Useful for others

- More useful and better than similar thing

- You are the only one, no one else can provide this value.

And the best, often is unique, cannot be replaced by others.

At the first level, you can earn some money.

At the second level, you can earn moderate amount

At the third level, you can make the most money.

The rich will not marry a beautiful woman if she only has beauty because the value is too small, on the contrary, the rich will like to marry a good wife who can help him relieve his worries or can help him in his career - these values ​​are greater.  Buffett once said that the best investment in his life is not buying a good stock but marrying the right wife.

The essence of social network is the exchange of value.  If you are of no value to others, it will only cost them their time to communicate with you.

Everyone pays for value and only pays for value. Therefore, the more value you have, the more value you can create, the more wealth you will have.

The value mindset can be applied to all aspects as below.

- Start-up: 

Make sure your product or service meets people's needs, constantly improve it to improve usability, and if you make your product or service the best, you just sit there and wait for the money to count.

- Work: 

You do your job better than others, and you are too good to be replaced, then you will be the target of high salary offers from different companies and even the company's shares, and then enjoy the wealth brought by the company's growth.

- Cooperation: 

Thinking of ways to create value for your partner, let the value speak instead of  just say it with your mouth, you will be easier to win cooperation.

- Life: 

Are you a person to be loved? Are you a person to be associated with? Let’s think about what aspects of yourself can attract people and make up for what you lack.

- Investment: 

You must ensure that your investment object has a supporting value and this value will increase in the future, your investment will be profitable.  Don't blindly believe on the surface and what others say, stick with your value judgments, as Buffett did.

2- Learning mindset

Perhaps many people know that Ly Gia Thanh, the richest Hong Kong billionaire in the world and the richest man in Asia, only has a primary school education.  What does he rely on to become a rich person despite having a low education?  That is learning.

Although he was poorly educated and was not properly educated, he was a person who never stopped learning.

He said that when he was young, he was very proud of himself, because when his colleagues went out, he went to learn from others.  He was always aware that hard work and knowledge were the only way out for him.

He always maintains a learning habit, every day he must study English after dinner, read a book for half an hour before going to bed, and wake up at 5:59 am every day, no matter what time he goes to bed,  because he needed to watch the morning news.  When he went to the office, he always read various newspapers, collecting all kinds of information.

He said that he is constantly reading books about new technology and new knowledge, so as not to be out of step with the trend of the times.

He once said that knowledge does not determine the increase in wealth in your life, but it does give you more opportunities.  You create opportunities that's the best way.

Learning can help increase your ability to understand, detect and seize opportunities, it helps you have more opportunities to explore and more opportunities to make money.

This billionaire has proven that in order to become rich, continuous learning is much more important than high educated but not serious.

3- Professional mindset 

Anyone with skills has the capital to create wealth.

Of course, you must be good at using your skills to create wealth.

The truly rich are those who combine these two things and are a daredevil.

In fact, to become rich, in addition to discovering business opportunities, a very good way is to start with your own expertise.  If you don't have expertise, you can hone it, discover potential needs through expertise and use expertise to fill this need.

4- Investment mindset

In 2008, Warren Buffett replaced Bill Gates as the richest man in the world and what he relies on is investing.

So you probably already know the Investment's role in wealth accumulation and creation.

Of course, if you're worried about risk and don't want to learn how to invest, there's nothing wrong with depositing money in the bank, at least you can sleep well, but your money won't increase in value, and it will be less and less.

Buffett's average annual return on investment over the decades of his investing career is more than 20% which isn't outstanding in the eyes of some investors, because returns of 30%, 50%, 70%, 100% are all available, but he can still be the richest man in the world by relying on long-term investments and stable rate of return.

Even if your annual return on investment can only reach 10%, your money is still more and more, after a few years of accumulation, it will be a large sum of money, so why not do it?

The billionaire Ly Gia Thanh once said: Before the age of 30, you must rely on your own hands to make money, after the age of 30, you must pay attention to financial management and learn how to use money to make money.

Buffett also said: How much wealth you accumulate in life does not depend on how much money you make, but on how you invest and manage your money, you must know how to let money work for you, not work for money.

If you don't understand anything, do your research carefully in advance, master a lot of investment and financial management knowledge to effectively avoid risks and get rich profits.

Different investments have different rates of return and risks, everyone should choose an investment method that is suitable for their current situation and risk tolerance, should not invest blindly.

5- Adventurous mindset 

To become super rich, adventure is essential.

Rockefeller said: Always have a spirit of adventure, not just maintain the status quo.

Taking risks doesn't guarantee success, but if you don't take risks, you'll just be mediocre for the rest of your life, and don't even think about becoming rich.

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Of course, taking risks should not be blind, you must know where the risk is, whether it is bearable or not, and the results should be worth the risks.

Warren Buffett once said: Risk comes from not knowing what you're doing.

Wealth is sought in adventure, but in moderation.

The billionaire Ly Gia Thanh once said: Before deciding on something, you should think of ways to solve it, not take risks.

Before success, there is risk in everything, but if you want to avoid all risks, that also means you will lose all chances of success.

To be successful, you must be good at taking risks, dare to take risks, take the necessary risks and take risks that you can accept.

So, whether starting a business or investing, the first rule is always: control risk.  Take only risks that you can accept, so that even if you fail, you can still start over.  This is the rich people's risk-taking principle.

Here are two adventures but the most important way to become rich.

- Start-up: 

Although the failure rate of startups is quite high, the vast majority of self-made rich people get rich from starting a business.  67% of the richest people on "Forbes Rich List 2018" are all self-made millionaires, and startups are the biggest source of wealth on this list.  Choosing a startup is choosing a risky adventure that will most likely create a huge fortune.

- Investment: 

Investing is risky, but there will be no return if you don't invest, and wealth will not come into your pocket.  Investing is about taking risks but also reaping great wealth.

5 Billionaire Mindsets for Success

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