Think Like a Billionaire
Do you think like an average person… or like a billionaire?
The following scenario might help you understand the difference…
You see a few pine trees growing at the edge of a wood. If you’re an average person, you’ll muse to yourself, “Those are pretty – especially with the snow on the branches.” And then you’ll continue on your way without another thought.
If you’re an entrepreneur, though, you’ll look at those trees and think, “Hey, they look like Christmas trees! I wonder how much would people pay for one?”
Your mind will keep running. You’ll start thinking about what’s involved in growing Christmas trees, how much investment would be required, how you’d cut and transport them, how to keep them from losing their needles, what competition you’d be up against, how much money you could make, etc.
That’s how entrepreneurs become billionaires. In fact, some of the most successful entrepreneurs in history have this kind of pragmatic thinking.
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Can you become a billionaire just by thinking like one?
Here is what you need to know first.
You probably know of several billionaires who created their wealth out of endless drive for success.
Thomas Edison, for example, was constantly creating and inventing. It’s said that he had as many as 60 projects going on in his lab at any one time.
Henry Ford was a dynamic thinker, too. He kept on developing his vision of the Model T until it was the most sophisticated automobile built to date anywhere in the world.”
Okay, so you’re not Thomas Edison, or Henry Ford, or Bill Gates, for that matter. But neither is the rest of the world, and there are plenty of billionaires amongst them.
Being smart isn’t the key to being rich. Einstein wasn’t a billionaire.
In business, making it onto the rich list is all about how you think.
Sure, some people are simply born with a billionaire’s way of thinking. It might just be in their DNA.
But if you have the drive, you can be just as business-minded – and successful.
By making small changes, you can change your way of thinking. It won’t happen overnight, and it’ll take some effort – but boy, it’ll be worth it.
Start by finding the most successful people you know and talking to them as much as possible. Go to public events where these people might be making an appearance, or join a club they’re a member of.
When you get a chance, tell them how much you admire them. Ask how they became so successful, and if they can give you any tips.
It may feel like you’re greasing up to them, but in many cases people will open right up. Successful people didn’t get their break by being nasty to others. They’ll be eager to share their wisdom and experiences with an admiring fan, and you may even form a bond.
More importantly, you’ll get some inside information on how they achieved their goals. This can help you see things from their point of view, which in turn will help you practice their way of thinking.
Act like a billionaire and you’ll think like a billionaire.
Billionaire-minded people also have certain characteristics that you can emulate. For example…
Billionaire minds question everything. They aren’t afraid that someone else will think that they’re dumb. They ask questions incessantly until they fully understand something. This requires abandoning the ego in their pursuit of knowledge – because they know knowledge is power.
The average-minded person, on the other hand, will put his ego first. He’d rather pretend he understands something even when he has no idea what’s going on – simply because he doesn’t want to look like a fool.
Billionaire minds apply business to everything. They look at a new product and think, “How can I make something better that will make me money?
The average-minded person has only a consumer mentality. They see a product and think, “Ooh, I want that!”
People with billionaire minds are realists. Rather than fantasize about winning the lottery or get-rich-quick schemes, they analyze their finances. They figure out what they’re doing right and what they’re doing wrong, and then they calculate a strategy for making money realistically.
The average mind will only daydream about money suddenly appearing in their bank account.
Billionaires never disregard a new or challenging idea. They look for the potential in it and wonder how they can make it succeed. They see it as something to learn from.
An average mind is more likely to look at the same idea and point out all its shortcomings.
A person with a billionaire’s mind thrives on change, while a person with an average mind prefers things to stay the same.
The billionaire mind looks for ways to make good things better. The average mind accepts things as how they are.
The billionaire mind looks at a successful entrepreneur and thinks, “How did he do that? And how can I do better?”
The average mind looks at the same entrepreneur and thinks, “Wow, what a lucky dude. I wish I could be like that.”
By simply approaching a situation from a different perspective, you too can accelerate your business the way someone with a billionaire’s mind does.
Be bold enough to ask for help.
“Be strong enough to stand alone, smart enough to know when you need help, and brave enough to ask for it.” – Unknown
When you get used to this, it won’t be scary anymore.
It takes strength to ask for help. You have to ignore the fear of looking weak or ignorant. A person with a billionaire’s mind knows that if her own strengths are lacking, she can learn them from others.
And, by surrounding herself with people who have already achieved what she wants, she can draw from their pool of skill and knowledge.
After that, all you have to do is look at a new product or service and think, “How can I do something better than that?”
Push yourself to think as proactively and creatively as a billionaire would. The more you focus on your potential for growth rather than your fears, you’ll begin creating new businesses quite easily. You’ll also improve your skills as a leader.
Find the role models to guide you, and start emulating the way they behave and think.
Believe you’re an entrepreneur, and you’ll become one. Believe you’re a successful entrepreneur, and you’ll become one.
In fact, believe that you’re better than everyone else if it helps (but maybe keep that belief to yourself!).
That’s when the money will start rolling in.