Secrets of Success, According to Billionaires
There are over 1,500 billionaires in the world, and they have made their fortunes in very different ways. Most of them are business owners and used their company to bring unparalleled success. Others are affluent investors that made big-time bets on Wall Street.
Either way, it’s important to learn what these wealthy people did right. Following in their footsteps can help bring you the same success that they have achieved. Here are the stories of just a few billionaires:
John Paul DeJoria
John Paul DeJoria has a real-life rags-to-riches story. As the billionaire behind Paul Michell hair products and Patron tequila, DeJoria has a lot to show for his name. In an interview with Business Insider, DeJoria reveals the peculiar secret he learned while working at a dry cleaning shop. “Successful people do all the things that unsuccessful people do not what to do,” he said.
While he was paid a meager $1.25 per hour, he performed the tasks that nobody else wanted to take up. The shopkeeper noticed and awarded him with a $0.25 pay raise. The secret is that people should work hard, even when the boss is not looking. This truth may seem simple, but it was crucial to DeJoria’s success. Nowadays, he rakes in over $1 billion annually – a significant improvement from $1.50 an hour. It was all thanks to his hard work, perseverance, and determination.
The successful Shark Tank investor made millions with his company, Fubu. He now earns a significant income from investing in young startups and watching them grow their fortune.
What’s his secret? He said that he spent a lot of time trying to find his purpose in life. He would ask himself questions such as, “What am I doing?” and “What do I want out of life?” By answering these compelling questions, he found his calling. Knowing what you want to do is just the first step in planning out your future endeavors.
Bill Gates is probably the first person that comes to mind when people think of successful billionaires. His vast fortune is unrivaled by most, and he has donated billions to various causes around the world.
Part of the reason behind his success is that he’s a voracious learner. Bill Gates likes to read at least fifty books a year and takes a two-week annual vacation to do nothing but reading. There’s a world of knowledge at your fingertips if you take the time to pick up a book simply.
Gates also follows the five-hour rule – that is, he takes five hours a week to focus on learning and self-development. He might be one of the busiest people in the world, yet he still finds time to devour novels and enhance his brain.
Warren Buffett is perhaps the top investor in the world. He has made countless money off of the stock market and knowing which stocks to buy and sell. Anyone who wants to learn how to invest successfully should follow his methods.
One of Buffett’s greatest quotes is, “You try to be greedy when others are fearful and you try to be very fearful when others are greedy.” He goes beyond and do things that others are scared to try. He has identified opportunities most others would scoff at – and it has greatly rewarded him.
Each billionaire found their unique way of making their dreams come true. While some struck it rich through technology and entrepreneurship, others found it through investing. Either way, successful people know the right way to live their lives and make the most of each day. Following their advice will help you on the path to success.