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Success Habits of The Worlds Wealthiest People

Success Habits of The Worlds Wealthiest People

I’m always trying to find out how the world’s wealthiest are making their money. Some are born in rich families who have built a vast empire, and others made money through business ventures. By understanding the way some people have become wealthy, you can start to incorporate their mindset into your work.

For example, you’ve probably noticed how the wealthy have a certain way of doing things like conduct business, deal with people, and negotiate the price on products. You can also learn a lot from their lifestyle which will be great for your business, for example, the books they read, the way they exercise, and how they spend money.

After doing research, I learned some “success” habits of the world’s wealthiest which I’ll like to share with all of you.

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Wake Up Early

The majority of successful people are early risers because it helps them get more done. In business, you’ll also get a jump start on your competition being able to network, build connections, and close the deal first thing in the morning. Waking up early also gives successful people time to exercise, meditate, and take some personal time. Once businesses have opened around 9 am, it’s harder for successful people to take off because they are busy at work.

They Network

To be successful in a very competitive world, you’ll have to network with others who have knowledge in your niche. Some people have been in business longer than you so have developed the right connections and networks that can help you too. It’s important to network with these people so you get a competitive edge over your competition. However, this must be mutually beneficial so you should always try to help in return.

The good news is locating and networking is so much easier because of the internet since you can communicate through email and find people in your industry using platforms like LinkedIn. Read this awesome article on how to network properly.

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Always Learning

Successful people are always learning something new so they can stay ahead of the changing trends. They are reading the newspaper to understand the markets, and new changes coming within their industry. This will allow them to tweak and make changes to better serve their customers to continue to grow. If you stay stagnant, then your competition will find creative ways to outshine your products taking your customers away.

Keep it in The Family

The top successful people keep trusted people close to them which are why they’ll get their family involved. While researching, you’ll notice how some of the top companies are operated by family members after the founder passes away. It makes complete sense to leave the day-to-day operations to family members because these are trusted people and from a young age have been learning the business.

It’s important to also understand how families tend to leave everything behind for their children from generation to generation. Here’s a great example of the riches families in the world, and you’ll read how several companies are now operated by the children of the founder.

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Money Management

Successful people know where to invest their money for the highest return. If they can’t manage on their own, then they’ll hire the best to do it for them.

However, the important thing all successful business people do is divide personal and company cash. It’s important to not pull money out the of the company because this is kept aside for growth, marketing, and if tough times are expected ahead. Companies have failed in the past because money was being pulled out of company assets for personal use. Enron is a great example of CEO’s taking large bonuses while the company was declining in customers and overall profits.

Successful businessmen know how to hire the best money managers. They want those which know how to save you money by investing it in the right place. They know how to ensure the highest tax credits are received, and the company always benefits within the lowest tax bracket.

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Featured photo credit: Anete Lusina via unsplash.com

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Rizvan Ullah

Online Blogger

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Last Updated on October 14, 2018

Don’t Think You’re a Creative Person? You Can Definitely Change That

Don’t Think You’re a Creative Person? You Can Definitely Change That

Do you think of yourself as a creative person? Do you play the drums or do watercolor paintings? Perhaps compose songs or direct plays? Can you even relate to any of these so called ‘creative’ experiences?

Many people have this common assumption that creativity is an inborn talent, whereby only a special group of people are inherently creative–everyone else just unfortunately does not have that special ability. But, this is far from the truth!

So what is creativity?

Everyone Can Be Creative!

The fact is, that everyone has an innate creative ability. Despite what most people may think, creativity is a skill that everyone can learn. It’s a skill with huge leverage that allows you to generate enormous amounts of value from relatively little input. How is that so?

You’ll have to start by expanding your definition of creativity. Creativity isn’t just about making art or ‘thinking out of the box’. Creativity at its heart, is being able to see things in a way that others cannot. It’s a skill that helps you find new perspectives to create new possibilities and solutions to different problems.

So, if you encounter different challenges and problems that need solving on a regular basis, then creativity is an invaluable skill to have.

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Let’s say, for example, that you work in sales. Having creativity will help you to look for new ways to approach and reach out to potential customers. Or perhaps you’re a teacher. You have to constantly look for new ways to deliver your message and educate your students.

How Creativity Really Works

Let me break another misconception about creativity — which is that it’s only used to create completely “new” or “original” things. Again, this is far from the truth. Because nothing is ever completely new or original.

Everything, including works of art, doesn’t come from nothing. Everything derives from some sort of inspiration. That means that creativity works by connecting things together in order to derive new meaning or value.

From this perspective, you can see lots of creativity in action. In technology, Apple combines traditional computers with design and aesthetics to create new ways to use digital products. In music, a musician may be inspired by certain styles of music, instruments and rhythms to write a new song.

All of these examples are about connecting different ideas, finding common ground amongst the differences, and creating a completely new idea out of them.

Creativity Needs an Intention

Another misconception about the creative process is that you can just be in a general “creative” state.

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Real creativity isn’t about coming up with “eureka!” moments for random ideas. Instead, to be truly creative, you need to have a direction. You have to ask yourself this question:

“What problem are you trying to solve?”

Only by knowing the answer to this question can you start flexing your creativity muscles.

Often times, the idea of creativity is associated with the ‘Right’ brain, with intuition and imagination. Hence a lot of focus is placed on the ‘Right’ brain when it comes to creativity.

But to get the most out of creativity, you need to utilize both sides of your brain, Right and Left, which means using the analytical and logical part of your brain, too.

This may sound surprising to you, but creativity has a lot to do with problem solving. And, problem solving inherently involves logic and analysis. So instead of throwing out the ‘Left’ brain, full creativity needs them to work in unison.

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For example, when you’re looking for new ideas, your ‘Left’ brain will guide you to a place of focus, which is based on your objective behind the ideas you’re searching for. The ‘Right’ brain then guides you to gather and explore based on your current focus.

And, when you decide to try out these new ideas, your ‘Right’ brain will give you novel solutions outside of the ones you already know. Your ‘Left’ brain then helps you evaluate and tune the solutions to work better in practice. So logic and creativity actually work hand in hand, and not one at the expense of the other.

Creativity is a Skill

At the end of the day, creativity is a skill. It’s not some innate or natural born talent that some have over others. What this means is that creativity and innovation can be practiced and improved upon systematically.

A skill can be learned and practiced by applying your strongest learning styles. Want to know what your learning style is? Try this test.

A skill can also be measured and improved through a Feedback Loop, and can be continuously upgraded over time by regular practice. Through regular practice, your creativity goes through different stages of proficiency. This means that you can become more and more creative!

If you never thought that creativity was relevant to you, or that you don’t have a knack for being creative… think again! You can use creativity in any aspect of your life. In fact you should use it, as it will allow you to to break through your usual loop, get you out of your comfort zone, and inspire you to grow and try new things.

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Creativity will definitely give you an edge when you’re trying to solve a problem or come up with new solutions.

Start Connecting the Dots!

Excited to start honing your creativity? Here at Lifehack, we’ve got a wealth of knowledge to help. We understand that creativity is a matter of connecting things together in order to derive new meaning or value.

So if you want to learn how to start connecting the dots, simply subscribe to our newsletter today. In it, you’ll find out how to make use of crucial skills that will push you towards a life transformation– one that you never thought possible. Your personal growth is our commitment.

Featured photo credit: rawpixel via unsplash.com

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