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Who Is The Richest Person In The World? And What Makes Him Rich?

Who Is The Richest Person In The World? And What Makes Him Rich?

According to Forbes, the richest people in the world in 2016 are

#1 Bill Gates 75B

#2 Amancio Ortega 67B

#3 Warren Buffett 61B

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#4 Carlos Slim Helu 50B

#5 Jeff Bezos 45B

Any common characteristics among them? Wonder how and why they got rich?

There is one secret that almost every rich person knows. This secret is very important because it’s the reason they are rich in the first place. This big secret can be summed up in the words of the mighty Aristotle: “We are what we repeatedly do. Excellence, then, is not an act, but a habit.”

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Rich people have gone through the painful process of forming rich people’s habits, and you can become financially prosperous as well if you make up your mind to do the same. Together, let’s examine 10 habits of the richest people in the world to help you make up your mind to make these habits yours, too.

1. They are goal setters

Rich people set goals that make them rich. People don’t become rich by accident. Rich people are very deliberate: they set goals to become rich and they eventually achieve those goals. The act of goal setting itself is a very rewarding exercise because it helps you to see and feel the money you want to have even before you get it.

2. They focus on one thing at a time

A laser beam can cut through very hard objects—it can cut through almost anything, in fact—and this is because of its unusual ability to concentrate all its power on a particular spot on the object until it begins to melt. Rich people are usually like laser beams. They set outrageous goals, but they stay focused on that one goal, directing all their activities and efforts towards achieving that goal until they accomplish it. Average Joes, on the other hand, often have no focus; they just tend to do whatever comes their way and take whatever life hands them. If you want to be rich, be goal oriented and stay focused.

3. They have great respect for time

Brian Tracy said that rich people think in terms of what they earn hourly rather than monthly or annually. Because they think hourly, whenever they are spending time on unproductive activities, they think about how much they are losing with every passing moment. Rich people don’t spend too much time on social media or watching TV. They work around the clock and cannot afford to waste any minute of their day.

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4. They spend less than they earn

As simple as this may seem, it is the secret to getting wealthy: always spend less than you earn. The problem with poor-thinking people is they increase their expenses as their income increases. They buy better cars, bigger houses and they remain poor or average. Think about this in terms of percentage; if you want to be rich then follow the motto, “Save 10% of whatever you earn.” But be smart about it. As Warren Buffet said: “Do not save what is left after spending, but spend what is left after saving.” I also advise that you work with a budget and that you keep an income and expenditure statement.

5. They work very hard

Except for people who inherited great riches, I have not seen any lazy rich person. Rich people work very hard and they also work constantly. People that work hard can’t be behind, they are always on top of their profession whether they are business people, self-employed, or even employees. They always do things that ordinary people cannot do.

6. They continually learn and grow

The more you know is the more you earn. Your learning power determines your earning power. As much as it is important to work hard, hard work alone will not make you rich. Before money can be earned, value must be given in return, and the only way to add more value to your clients is by first adding more value to yourself. This can only be done through continuous learning. Make up your mind to develop new skills and gain more experience every day.

7. They keep rich company

Rich people don’t have poor friends. As the old saying goes, “Show me your friends and I will tell you who you are.” Let me tell you something: you may not have so much money right now, but as long as you keep walking with rich people or those with the potential to become rich, you will someday become very rich yourself.

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8. They are persistent

Rich people don’t give up. About 90% of rich people today did not become rich the way they originally thought or intended. They tried, they failed, and they rose up again many times before they eventually succeeded. You may lose a lot of money in the process, but you’ll keep getting better by learning from your mistakes and experiences until you get the financial independence you desire.

9. They take calculated risks

Rich people are fond of taking risks. Once they decide they want to get something, they will give whatever it takes to get it, even if it means risking their lives sometimes. If you want to become rich, don’t be afraid of taking risks. Be bold and courageous, but also be calculative. Know what each decision will cost you and never put all your eggs in one basket.

10. They are generous

Rich people are very generous. If you look at the lives of the richest people in modern history, you will discover that a lot of them are great philanthropists: people like Rockefeller, Andrew Carnegie, Bill Gates, Carlos Slim, to name a few. Make giving one of your habits today and you will become very rich someday, too.

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Last Updated on January 21, 2020

How to Motivate People Around You and Inspire Them

How to Motivate People Around You and Inspire Them

If I was a super hero I’d want my super power to be the ability to motivate everyone around me. Think of how many problems you could solve just by being able to motivate people towards their goals. You wouldn’t be frustrated by lazy co-workers. You wouldn’t be mad at your partner for wasting the weekend in front of the TV. Also, the more people around you are motivated toward their dreams, the more you can capitalize off their successes.

Being able to motivate people is key to your success at work, at home, and in the future because no one can achieve anything alone. We all need the help of others.

So, how to motivate people? Here are 7 ways to motivate others even you can do.

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1. Listen

Most people start out trying to motivate someone by giving them a lengthy speech, but this rarely works because motivation has to start inside others. The best way to motivate others is to start by listening to what they want to do. Find out what the person’s goals and dreams are. If it’s something you want to encourage, then continue through these steps.

2. Ask Open-Ended Questions

Open-ended questions are the best way to figure out what someone’s dreams are. If you can’t think of anything to ask, start with, “What have you always wanted to do?”

“Why do you want to do that?”

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“What makes you so excited about it?”

“How long has that been your dream?”

You need this information the help you with the following steps.

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3. Encourage

This is the most important step, because starting a dream is scary. People are so scared they will fail or look stupid, many never try to reach their goals, so this is where you come in. You must encourage them. Say things like, “I think you will be great at that.” Better yet, say, “I think your skills in X will help you succeed.” For example if you have a friend who wants to own a pet store, say, “You are so great with animals, I think you will be excellent at running a pet store.”

4. Ask About What the First Step Will Be

After you’ve encouraged them, find how they will start. If they don’t know, you can make suggestions, but it’s better to let the person figure out the first step themselves so they can be committed to the process.

5. Dream

This is the most fun step, because you can dream about success. Say things like, “Wouldn’t it be cool if your business took off, and you didn’t have to work at that job you hate?” By allowing others to dream, you solidify the motivation in place and connect their dreams to a future reality.

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6. Ask How You Can Help

Most of the time, others won’t need anything from you, but it’s always good to offer. Just letting the person know you’re there will help motivate them to start. And, who knows, maybe your skills can help.

7. Follow Up

Periodically, over the course of the next year, ask them how their goal is going. This way you can find out what progress has been made. You may need to do the seven steps again, or they may need motivation in another area of their life.

Final Thoughts

By following these seven steps, you’ll be able to encourage the people around you to achieve their dreams and goals. In return, you’ll be more passionate about getting to your goals, you’ll be surrounded by successful people, and others will want to help you reach your dreams …

Oh, and you’ll become a motivational super hero. Time to get a cape!

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Featured photo credit: Thought Catalog via unsplash.com

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