Have you ever wondered how the wealthiest people around the world earn so much money? Did it ever occur to you that there’s a lot that you can learn from the world’s richest few individuals which you can, in turn, implement to change your own fortunes? Have you ever thought to yourself what is it exactly that makes people like Jeff Bezos, Bill Gates, Warren Buffet, Jack Ma, and Elon Musk so rich and so successful?
If not, then it’s time that you change your thinking and grasp some life-changing lessons from the very best –people who have seen and done it all.
The wealthiest individuals have got a lot to offer, in terms of advice, and by making them a source of inspiration, you too can triumph in life. It goes without saying that the richest people around the globe have conquered and achieved whatever there was to be accomplished in almost every field of life. They are pioneers, innovators, leaders, and most importantly anomalies. Yes, they are different or in other words unique, but exactly what is it that makes them stand out and worthy of having so much wealth? Don’t worry, our team at Matviral has done some extensive research on a select few of this rich elite and jotted down the key lessons that you can learn and use in all walks of life to achieve fame, glory, money, and everything else you may desire.
With a net worth of $139.6 billion, Jeff Bezos, the CEO of ‘Amazon’ is the richest guy in the entire universe. Yes, you read that right. Let this fact sink in for a minute. He is indeed a very successful man who is still making giant strides in the business world and progressing by the minute – even after having attained so much.
Jeff’s professional career serves as an example of determination, persistence, and thinking for the long-term. He was never in it to make quick bucks and he teaches that there is no such thing as overnight success. If you want to make a difference and get wealthy in the process, you must prepare for the long haul and be willing to work extremely hard. He himself built Amazon from scratch and was only focused on capturing the market for the first fifteen years at the least, and in that time Amazon yielded little to no profits. Yet, Jeff wasn’t concerned about this. What occupied his mind was innovating, widening the consumer base and retaining their customers, so much so that he drove out his competitors by lowering his prices, keeping his profit margins to the bare minimum and playing for time. This slow rise to success not only protected him against market crashes but also paved his way to success. So there’s a hint for you.
Last but not the least, Jeff preaches time and again that ‘customer is king,’ and only by taking care of them as well as putting yourself in their shoes can your business get better. He says, “We’re not competitor-obsessed, we’re customer-obsessed. We start with the customer and we work backward … The most important single thing is to focus obsessively on the customer and our goal is to be earth’s most customer-centric company.” Hence, you should also focus on always doing right by customers and giving them more than their expectations. If it worked for Bezos, who’s to say it won’t for you to?
The number one lesson to be learned from Bill Gates, whose net worth right now is $92.2 billion, is that one needs to get going as soon as possible. The time will never be just right and so you should just begin. By waiting, people tend to waste time which is the most precious of all things. He points out that people need to take a leap of faith and get started as he himself did by dropping out of Harvard and starting Microsoft. By simply thinking that one need’s a college degree, some work experience at the very least, or financial backing, people tend to limit themselves and this never allows them to do anything substantial. So whatever you have in mind, whatever your life’s objectives are, act today to achieve your goals. By waiting you might become the victim of indecision, as well as doubts, and your their competitors may promptly get ahead of you. Leverage whatever resources you have and set sail right now. The rest will take care of itself and you will find that things have a way of working out.
Bill Gates highlights that in order to achieve greatness not only should you be working day in day out to continuously improve yourself and build on your accomplishments, but you should never let success get to your head. He says, “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.” The key is to stay modest as well as down to earth and focus on your goals. There are too many distractions that can lead you to failure. Thus, it is vital to remember that you will only succeed once you work hard and treat each day as a challenge.
Finally, he asserts that success is not just measured in terms of money but the positive impact that you can have on the world. He himself is now fully devoted to charity work and improving the lives of millions around the world. So, you too should devote whatever time or money you can spare to helping those in need, whether it be by giving some money to a homeless guy, or contributing to send a poor child to school. It will not only provide you the peace of mind and contentment but will also get you on the right track in life.
The Oracle of Omaha, the financial wizard, and an astute investor like no other, Warren Buffet is currently worth $80.6 billion, this number only driven down due to him having donated billions to charity. Warren Buffet is the epitome of living modestly. A man as rich as him can buy whatever he likes, yet he lives simply and well below his means. He understands that the material things are not important and in a sense useless. That is why he still drives his old Cadillac and lives in the house that he bought sixty years ago. Why waste money on houses and cars when he has ones that function perfectly adequately already and satisfy all his needs?
Here’s an essential lesson for people of all ages around the globe. Don’t waste money on things you don’t need.
In addition to this, Buffet emphasizes on increasing one’s income by saving, investing smartly and multiplying one’s sources of income. He asserts that you should not save what is left after spending, rather spend what is left after saving. Also, he encourages everyone to diversify while investing and never depend on just one paycheck.
It is no surprise that Buffet also advises people to nurture their communication skills and network cleverly. He shares his experience of being afraid of public speaking and how he overcame that so that people can realize that their success depends to a great extent on how they present themselves in the world. Moreover, he has stated countless times that it is crucial for you, if you aspire to be successful, to have the right company. He once said that “Hang out with people better than yourself and you will drift in that direction.” It is clear that according to him, surrounding yourself with people better than you and from whom you can learn a great deal is one foolproof method of acquiring wealth, as well as power.
If someone is the embodiment of persevering, then it’s without any doubt, Jack Ma, the founder and chairman of Alibaba Group. He is the ultimate symbol of the entrepreneurial spirit and with a net worth of $39.9 billion, his journey from mediocrity to the very top provides a crystal clear message to all those who wish to learn.
Stay focused, work hard and persist. It is no hidden secret that Jack Ma failed countless times throughout his life, be it at school, while applying to Harvard, or in starting his own business and securing the necessary funding. He never gave up. What people forget is that he always focused on the process rather than the result, and it didn’t matter to him where he started, rather what he cared about was where he ended. This can be a life-changing lesson for people who desire to make a name for themselves.
Jack teaches that every individual who wishes to succeed must be on the lookout for opportunities. He highlights that if you only look to solve problems, rather than chase money, can you truly accumulate wealth, as well as success in the long run. Moreover, he asks people to incorporate into their lives the principle of being fearless and courageous. He encourages people to take risks, especially in their youth, and not only to continue to learn each day, but to also improve.
While the net worth of Elon Musk at $19.8 billion may seem far less than other billionaires mentioned above, he is nonetheless taking the world by storm through his implementation of revolutionary ideas. From working to establish a colony on Mars, launching space rockets, to providing sustainable and renewable energy through solar panels as well as electric cars, Elon Musk has left no stone unturned in achieving what others may have once believed impossible. This is what makes him standout and worth learning from.
As is evident from Musk’s actions, he encourages people to challenge norms and realities. He points out that in order to achieve greatness, you must think differently and explore the fundamental truths. There is nothing wrong with having big dreams but you must always make plans to achieve your goals and no matter what happens, stick to your dreams. By following him one can also learn to never quit, however difficult or painful the journey may seem. In a past interview, Musk replied to a question about giving up in the following words, “Never. I don’t ever give up. I mean, I’d have to be, dead or completely incapacitated.”
Another lesson from him is that you must not approach life in a negative manner, meaning that you should strike out the fear of failure and what others may think – All you need to do is get your head down and keep on trying if you truly want to achieve success.
Life is too short to settle for the ordinary, so aim for the stars. Always be on the lookout for opportunities and once you get your break, remember to hold on. Only be maintaining your intensity, working effectively as well as efficiently, surrounding yourself with the right people and never backing down after temporary defeats; will you be able to achieve the pinnacle of success. There’s no denying the fact that it is going to be difficult, after all, if it was so easy, everyone would be a billionaire by now, right?