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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 July 13, 2020

How Not to Feel Overwhelmed at Work & Take Control of Your Day

How Not to Feel Overwhelmed at Work & Take Control of Your Day

Overwhelm is a pernicious state largely caused by the ever-increasing demands on our time and the distractions that exist all around us. It creeps up on us and can, in its extreme form, leave us feeling anxious, stressed and exhausted.

If you’re feeling overwhelmed at work, here are 6 strategies you can follow that will reduce the feeling of overwhelm; leaving you calmer, in control and a lot less stressed.

1. Write Everything down to Offload Your Mind

The first thing you can do when you begin to feel overwhelmed is to write everything down that is on your mind.

Often people just write down all the things they think they have to do. This does help, but a more effective way to reduce overwhelm is to also write down everything that’s on your mind.

For example, you may have had an argument with your colleague or a loved one. If it’s on your mind write it down. A good way to do this is to draw a line down the middle of the page and title one section “things to do” and the other “what’s on my mind”.

The act of writing all this down and getting it out of your head will begin the process of removing your feeling of overwhelm. Writing things down can really change your life.

2. Decide How Long It Will Take to Complete Your To-Dos

Once you have ‘emptied your head,’ go through your list and estimate how long it will take to complete each to-do.

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As you go through your list, you will find quite a few to-dos will only take you five or ten minutes. Others will take longer, often up to several hours.

Do not worry about that at this stage. Just focus on estimating how long you will need to complete each task to the best of your ability. Here’s How to Cultivate a More Meaningful To Do List.

3. Take Advantage of Parkinson’s Law

Now here’s a little trick I learned a long time ago. Parkinson’s Law states that work will fill the time you have available to complete it, and us humans are terrible at estimating how long something will take:((Odhable: Genesis of Parkinson’s Law))

    This is why many people are always late. They think it will only take them thirty minutes to drive across town when previous experience has taught them it usually takes forty-five minutes to do so because traffic is often bad but they stick to the belief it will only take thirty minutes. It’s more wishful thinking than good judgment.

    We can use Parkinson’s Law to our advantage. If you have estimated that to write five emails that desperately need a reply to be ninety minutes, then reduce it down to one hour. Likewise, if you have estimated it will take you three hours to prepare your upcoming presentation, reduce it down to two hours.

    Reducing the time you estimate something will take gives you two advantages. The first is you get your work done quicker, obviously. The second is you put yourself under a little time pressure and in doing so you reduce the likelihood you will be distracted or allow yourself to procrastinate.

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    When we overestimate how long something will take, subconsciously our brains know we have plenty of time and so it plays tricks on us and we end up checking reviews of the Apple Watch 4 or allow our colleagues to interrupt us with the latest office gossip.

    Applying a little time pressure prevents this from happening and we get more focused and more work done.

    4. Use the Power of Your Calendar

    Once you have your time estimates done, open up your calendar and schedule your to-dos. Go through your to-dos and schedule time on your calendar for doing those tasks. Group tasks up into similar tasks.

    For emails that need attention on your to-do list, schedule time on your calendar to deal with all your emails at once. Likewise, if you have a report to write or a presentation to prepare, add these to your calendar using your estimated time as a guide for how long each will take.

    Seeing these items on your calendar eases your mind because you know you have allocated time to get them done and you no longer feel you have no time. Grouping similar tasks together keeps you in a focused state longer and it’s amazing how much work you get done when you do this.

    5. Make Decisions

    For those things you wrote down that are on your mind but are not tasks, make a decision about what you will do with each one. These things are on your mind because you have not made a decision about them.

    If you have an issue with a colleague, a friend or a loved one, take a little time to think about what would be the best way to resolve the problem. More often than not just talking with the person involved will clear the air and resolve the problem.

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    If it is a more serious issue, then decide how best to deal with it. Talk to your boss, a colleague and get advice.

    Whatever you do, do not allow it to fester. Ignoring the problem will not make it go away. You need to make a decision to deal with it and the sooner you do so the sooner the problem will be resolved. (You can take a look at this guide on How To Make Good Decisions All The Time.)

    I remember long ago, when I was in my early twenties and had gone mad with my newly acquired credit cards. I discovered I didn’t have the money to pay my monthly bills. I worried about it for days, got stressed and really didn’t know what to do. Eventually, I told a good friend of mine of the problem. He suggested I called the credit card company to explain my problem. The next day, I plucked up the courage to call the company, explained my problem and the wonderful person the other end listened and then suggested I paid a smaller amount for a couple of months.

    This one phone call took no more than ten minutes to make, yet it solved my problem and took away a lot of the stress I was feeling at the time. I learned two very valuable lessons from that experience:

    The first, don’t go mad with newly acquired credit cards! And the second, there’s always a solution to every problem if you just talk to the right person.

    6. Take Some Form of Action

    Because overwhelm is something that creeps up on us, once we feel overwhelmed (and stressed as the two often go together), the key is to take some form of action.

    The act of writing everything down that is bothering you and causing you to feel overwhelmed is a great place to start. Being able to see what it is that is bothering you in a list form, no matter how long that list is, eases the mind. You have externalized it.

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    It also means rather than these worries floating around in a jumbled mess inside your head, they are now visible and you can make decisions easier about what to do about them. Often it could be asking a colleague for a little help, or it could be you see you need to allocate some focused time to get the work done. The important thing is you make a decision on what to do next.

    Overwhelm is not always caused by a feeling of having a lack of time or too much work, it can also be caused by avoiding a decision about what to do next.

    The Bottom Line

    Make a decision, even if it is to just talk to someone about what to do next. Making a decision about how you will resolve something on its own will reduce your feelings of overwhelm and start you down the path to a resolution one way or another.

    When you follow these strategies to can say goodbye to your overwhelm and gain much more control over your day.

    More Tips for Reducing Work Stress

    Featured photo credit: Andrei Lazarev via unsplash.com

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