Any time I see tips from millionaires or billionaires, I’m all over them. I love reading about their top advice or secrets to success; advice from them is like receiving a gold bar! What better way is there to learn than from someone who has actually completed the journey?
With that in mind, I’ve compiled some of my faves for you to check out!
Secret #1: Total dependence on others.
Billionaires are NOT the micromanaging type of entrepreneurs who try to do everything themselves. They don’t have the time nor the desire to do so. They totally rely on others to help them in any and every area, because they recognize the intelligence and skills of those around them.
“I’m always looking for the right person to solve a problem. I only have so much time.” —Meg Whitman
They know that without leveraging the help of others, they will never, ever get to the level of success they desire. They also foster amazing and genuine relationships with people so that trust is between them. While they seek help from others, it’s a two-way street and love to repay favors as a way to keep their network strong.
Secret #2: Be comfortable with failure.
This is by far one of my favorite pieces of advice, because it’s so contrary to what most of us expect and how we operate. Failure is not the end of road, nor does it mean the end of your dreams. All it means is that you tried something that didn’t pan out. Pick yourself up off the floor and simply go back to the drawing board, then try again.
“Failure is another steppingstone to greatness.” —Oprah Winfrey
Trust me when I say that every single millionaire and billionaire out there has failed more times than they can count. Even if your dream is to more down to earth—such as being a great parent or spouse—you will fail over and over again. That’s just part of being human. What matters with failure is that you learn from it, adjust course, and try again!
Secret #3: Invest in yourself.
Always be learning and growing! A stagnate person is no fun, not to mention they’re definitely not getting any closer to making their dreams come true.
“The best investment you can make is in your own abilities. Anything you can do to develop your own abilities or business is likely to be more productive.” —Warren Buffett
Whatever industry you’re a part of, make sure you’re aware of what’s going on within it at any given time. If you deal with another country, dedicate yourself to learning the main language over there.
Secret #4: Be at ease with criticism:
I covered this several months ago in my blog episode Emotional Intelligence and One of the Best Ways to Build It, so I love that it also shows up on here.
“The world is full of cynics and you have to tune them out.” —Apple CEO Tim Cook
Without a doubt, being able to gracefully handle criticism is a skill that the world’s most successful people share. Not only is it a testament to your level of emotional intelligence, but it also shows that you can stay focused on your own dreams and cares and don’t need the constant validation of others.
Secret #5: Be insanely selective with what information you consume.
What you let enter your brain should be intentional. Billionaires are hyper-attentive to where their resources go, and no resource is more valuable than their brain. This means they only pay attention to information that is relevant to them, such as if it’s needed to make a decision.
This means they absolutely do NOT spend hours a day scrolling through social media feeds, celebrity gossip, or sports stats.
In other words, don’t fill your head with junk that does nothing to serve you.
If information isn’t helping you get to where you want to go, then it’s slowing you down. Billionaires are aware of this, and now so are you!
Secret #6: Don’t look for the easy or quick way to success.
Obviously, nobody of character truly admires those who used shortcuts to get where they are. We like to see people overcome obstacles and prove their grit on their road to success. What’s more, billionaires have attested that there really are no shortcuts to success anyway.
“There are no shortcuts. NONE.” — Mark Cuban
Secret #7: Take care of yourself.
Believe it or not, many ultra-successful people in the world don’t drink lots of alcohol or caffeine. Most of them also exercise first thing in the morning and eat healthy food. If we expect to product powerhouse results, then we have to treat our bodies well and make sure they’re running optimally!
Secret #8: Appreciate and utilize the strengths of others.
The world’s most successful business men and women understand that they are not the best qualified person to do any number of tasks. They know exactly what they excel at and they execute on it. Everything else? They delegate and assign to those who are much more experienced and skilled at them than it.
“Try to never to be the smartest person in the room.” — Michael Dell
If your strength is marketing, don’t be the one negotiating deals. Likewise, if a billionaire’s strength is negotiation and playing the schmoozing game, then you can bet your tukus they’re not also trying to run the marketing department. For that, they’ve hired the best talent out there and put their absolute trust in them so that they can focus on their own strengths and continue to amass success.
Secret #9: Have an incredibly humbling experience.
It’s in our most desperate moments that we really find out what we’re made of. Will we flee or fight, as the expression goes. Will we cower to the sudden overwhelming sense of inadequacy, or will we use it as a lesson in humility and resolve to do an even better job moving forward?
When asked to name one experience every entrepreneur-to-be must have, Mark Cuban replied, “Coming home and having the lights turned off because you couldn't afford to pay the bills. It's incredibly motivating and humbling.”
Secret #10: Remember to be comfortable with failure.
Yes, I listed it as the first and last point for a reason. Time and time and time again, I hear this piece of advice from both millionaires and billionaires. Do you think ANY of them achieved that level of success without facing any rejection or failure? Hells to the no! It’s just part of the journey.
“Failure is the only opportunity to begin again more intelligently.” – Henry Ford
So any time you find yourself cringing from or trying to avoid it, tell yourself to stop and just face it. The sooner you do, the sooner you’ll find success!
The world’s most successful people have incredible insights and wisdom to share with us! While the list of things I’d love to learn from them seems to be endless, the common themes in their advice are: be comfortable with failure and rejection, invest in yourself (mentally, emotionally, and physically), don’t forget where you came from, don’t try to take shortcuts, and there’s a whole world of professionals out there who can do any number of things better than we can—so don’t be afraid to utilize their talent!
Go through the secrets again and jot down the top three that you think would have the most impact right NOW in your journey. Then think of how you can implement them and put it on the calendar!
Join the convo! ;-)
Which three are your favorite ones or made you have a lightbulb moment? Leave a comment and let us know!!!