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5 Traits Of The World’s Richest Man, Bill Gates

5 Traits Of The World’s Richest Man, Bill Gates

If you’re searching for a great role model of ultimate success, you can’t find better than Bill Gates. Microsoft, the organization he established, made an entire industry. With a net worth of almost $80 billion, he is the wealthiest man on the planet. His charitable and humanitarian activities reach far and wide and have really made the world a better place.

What prompted Gates’ success? Being an incredibly smart engineer and successful businessman, he certainly was in the perfect spot with the right idea for a product. Throughout the years, he has shown some traits and habits that led him towards a sustained success in his business and philanthropy. Bill has certainly laid out a long list of lessons for anyone looking for motivation or a guide to success. Whether you are searching for someone to invest in your company, paying off your mortgage, or even finding a new career, there are many lessons that we can learn from Bill Gates.

Here are some of the most desirable traits of Bill Gates, which anyone can develop.

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1. Learn to say “no”

Gates received this advice from Warren Buffett, and it is very valuable for everyone. Regardless of how ambitious or eager you are, everyone has 24 hours in a day, and the difference between the successful and the unsuccessful is determined by the way they spend those 24 hours. Nobody knows the importance of saying “no” better than the richest man in the world, who, in an interview, repeated the words of his friend Warren Buffett: “You have to be good at saying no.” He elaborated that saying no allows you to focus on the things that really make a difference.

2. Embrace your critics

“Embrace bad news to learn where you need the most improvement,” Gates wrote about the importance of negative feedback in his 1999 book Business @ the Speed of Thought. Despite the fact that it’s never pleasing to hear negative feedback, complaints and dissatisfaction allow you to learn and do better in future.

“Your most unhappy customers are your greatest sources of learning,” he wrote.

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Certainly, there will be situations where some criticism will not be useful and you have to use your judgment to tell the difference. Keeping this in mind, the next time someone criticizes you, don’t walk away or curse them. Stay, listen, thank them, and learn.

3. Be optimistic

It can be difficult to be optimistic in a world where lots of things seem to be going in the wrong direction. To be successful, one needs to believe in optimism, because without it, not a single person would ever start a business, invest in a new idea, or test a new product or market.

Bill Gates escalates the great value of optimism, and since his social work aims at some of the most depressing problems in our world, such as poverty, sex trafficking, lack of education, etc., he needs a lot of optimism.

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“Optimism is often dismissed as false hope,” he said in a Stanford commencement speech in 2013. “But there is also false hopelessness.”

4. Be judgmental about your success

“Success is a lousy teacher, it seduces smart people into thinking they can’t lose,” Bill Gates wrote this in his book The Road Ahead.

A product which is a successful item today could wind up obsolete tomorrow, he explains. That is what exactly happens to old desktop computers and Windows operating systems.

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You might find successes more pleasurable than failures, but failures teach you the most and give you the best chances to cultivate.

5. Measure your progress

In a letter from the Bill and Melinda Gates Foundation, Bill Gates penciled some lessons from the history of the steam engine.

“You can achieve amazing progress if you set a clear goal and find a measure that will drive progress toward that goal,” he wrote. “Finding the right goal and the right metric for tracking one’s progress is surprisingly difficult.”

Setting and achieving goals will become easier when you have a yardstick to measure your progress, and you have the best chance of success when you track the progress you’re making toward your goals.

Featured photo credit: Exploring Markets via flickr.com

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Tayyab Babar

Tayyab is a PR/Marketing consultant. He writes about work, productivity and tech tips at Lifehack.

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Last Updated on May 24, 2019

How to Be Productive at Home and Make Every Day a Productive Day

How to Be Productive at Home and Make Every Day a Productive Day

If you’ve ever wondered how to be productive at home or how you could possibly have a more productive day, look no further.

Below you’ll find six easy tips that will help you make the most out of your time:

1. Create a Good Morning Routine

One of the best ways to start your day is to get up early and eat a healthy breakfast.

CEOs and other successful people have similar morning routines, which include exercising and quickly scanning their inboxes to find the most urgent tasks.[1]

You can also try writing first thing in the morning to warm up your brain[2] (750 words will help with that). But no matter what you choose to do, remember to create good morning habits so that you can have a more productive day.

If you aren’t sure how to make morning routine work for you, this guide will help you:

The Ultimate Morning Routine to Make You Happy And Productive All Day

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2. Prioritize

Sometimes we can’t have a productive day because we just don’t know where to start. When that’s the case, the most simple solution is to list everything you need to get accomplished, then prioritize these tasks based on importance and urgency.

Week Plan is a simple web app that will help you prioritize your week using the Covey time management grid. Here’s an example of it:[3]

    If you get the most pressing and important items done first, you will be able to be more productive while keeping stress levels down.

    Lifehack’s CEO, Leon, also has great advice on how to prioritize. Take a look at this article to learn more about it:

    How to Prioritize Right in 10 Minutes and Work 10X Faster

    3. Focus on One Thing at a Time

    One of the biggest killers of productivity is distractions. Whether it be noise or thoughts or games, distractions are a barrier to any productive day. That’s why it’s important to know where and when you work best.

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    Need a little background noise to keep you on track? Try working in a coffee shop.

    Can’t stand to hear even the ticking of a clock while writing? Go to a library and put in your headphones.

    Don’t be afraid to utilize technology to make the best of your time. Sites like [email protected] and Simply Noise can help keep you focused and productive all day long.

    And here’s some great apps to help you focus: 10 Online Apps for Better Focus

    4. Take Breaks

    Focusing, however, can drain a lot of energy and too much of it at once can quickly turn your productive day unproductive.

    To reduce mental fatigue while staying on task, try using the Pomodoro Technique. It requires working on a task for 25 minutes, then taking a short break before another 25 minute session.

    After four “pomodoro sessions,” be sure to take a longer break to rest and reflect.

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    I like to work in 25 and 5 minute increments, but you should find out what works best for you.

    5. Manage Your Time Effectively

    A learning strategies consultant once told me that there is no such thing as free time, only unstructured time.

    How do you know when exactly you have free time?

    By using the RescueTime app, you can see when you have free time, when you are productive, and when you actually waste time.

    With this data, you can better plan out your day and keep yourself on track.

    Moreover, you can increase the quality of low-intensity time. For example, reading the news while exercising or listening to meeting notes while cooking. Many of the mundane tasks we routinely accomplish can be paired with other tasks that lead to an overall more productive day.

    A bonus tip, even your real free time can be used productively, find out how:

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    20 Productive Ways to Use Your Free Time

    6. Celebrate and Reflect

    No matter how you execute a productive day, make sure to take time and celebrate what you’ve accomplished. It’s important to reward yourself so that you can continue doing great work. Plus, a reward system is an incredible motivator.

    Additionally, you should reflect on your day in order to find out what worked and what didn’t. Reflection not only increases future productivity, but also gives your brain time to decompress and de-stress.

    Try these 10 questions for daily self reflection.

    More Articles About Daily Productivity

    Featured photo credit: Unsplash via unsplash.com

    Reference

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