Maricor Bunal
Their mindset and strong drive to succeed in their ventures despite of failures are what really set billionaires – the likes of Branson, Winfrey, Gardener and Gates – apart from normal people are. Check out this post to know the guiding principles of some of the world’s wealthiest individuals today and see if you share their views on money and wealth.
You may not be in a total financial rut right now, but you could certainly use some guiding principles to anchor your spending habits on. That is, if you like to improve your standard of living, attain financial independence and get rich. But with all the tips online today (some of which are misleading), choosing a strategy to follow can become quite tedious. Which of these really matter and generate results? Based on entrepreneur profiles and interviews, these are the three common principles the richest people in the world believe in, which you might also like to pick up:
You’re what you believe
There’s nothing more rewarding than cashing out millions on a work or project you’re most passionate about. It will give you that kind of feeling that work feels like play and you go out of the office still full of energy to hang out with your friends and family. No wonder Oprah Winfrey, Christopher Paul Gardner and Richard Branson became billionaires. They do what they love and do more of it every single day.
Spend one day thinking about and creating a list of what you really like to do without considering what other people or your parents might think.
Live a simple life
A luxurious life doesn’t necessary equate with a meaningful life, as is a simple life with an uninteresting life. All you need to do is choose your passion and stick to it. Chuck Feeney, David Cheriton and Warren Buffet have applied this mantra and they’ve been creating “compounding machines,” generating them money while they sleep.
Create a budget plan and cut down your unnecessary expenses (e.g., weekly specialty coffee, designer dresses). Take the public transport or bike your way to the office. Then, use the cash you saved to invest in income-generating projects.
Hang out with the right gang
Learning and mentorship are essential aspects of building wealth. The mistakes and successes of fellow entrepreneurs may serve as your guide on what to do and what not to do with your money. Anthony Robbins and Grant Cardone highly advocate this mindset as a way to eradicate the growing indifference toward the rich for seemingly sucking up all the money. In reality, the wealthy just know more than average-earning people do, which is why they earn more.
If you’re too busy to join actual conferences, sign up to the newsletters of top-rated financial websites. Join discussions online and sign up to webinars. These will allow you to stay connected and learn even at the comforts of your home.
Do you identify yourself with one or more of these beliefs? Congratulations, if you do! You already have a billionaire’s mindset. The next best thing to do now is to start pooling money for your investment vehicles or start up business, which we at Loansolutions PH can help. Call us now and let’s get started.
