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5 Successful People Who Got Rich with a Leisurely Lifestyle

5 Successful People Who Got Rich with a Leisurely Lifestyle

I know a very rich woman who insists on travelling on low cost flights to her holiday destinations! Now, that is not my idea of how rich people can enjoy a leisurely lifestyle. I am looking around for some much better examples which will inspire us. How did these people make all that money and do they really enjoy and value a relaxed lifestyle? Wealth is not just about money, you know!

1. Carlos Slim Helu’

With a wealth of around $81 billion, Carlos is regarded as the world’s richest man, and he has held that position for at least three years. So, how did he get rich and does he has a leisurely lifestyle?

He has made his fortune with the telecommunications industry in Mexico and far beyond. But his wealth has penetrated almost every industry and service in Mexico. It is no surprise to hear that his country is now referred to as “Slimlandia.” How did he do it? His fans say that he was successful because he recognizes an undervalued company when he sees it and buys it.

He also has an amazing talent for numbers and that helped him in his decision to buy into Cigatim, one of the largest tobacco companies in Mexico. They were the ones who made Marlboro cigarettes. He has also a great talent at putting companies together into monopolies, and specializing in telecommunications.

He is passionate about fine art and has named the new museum in honor of his late wife Soumaya, which houses a fantastic art collection and the value of the paintings and sculptures there are said to be worth over $400 million. He loves the Rodin sculptures especially.

He loves driving himself around Mexico city although he is surrounded by bodyguards in blacked out 4x4s.

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His idea of leisure is a very practical one. He is advocating that people should only work a 3 day week so that they have more time for entertainment, hobbies and spending time with loved ones. He is also a firm advocate of chasing away negative thoughts which can be toxic.

“Do not allow negative feelings and emotions to control your mind. Emotional harm does not come from others; it is conceived and developed within ourselves.”

—Carlos Slim

2. Larry Ellison

Larry Ellison is brash, very rich and has an inflated ego. He now ranks as the world’s ninth richest person and has a wealth worth around $46 billion. He says that he first used Facebook on a daily basis for three months. While he was doing that he found out what his friends were having for breakfast. He discovered that this was not so interesting! But the Facebook experience convinced him that if you or your company do not move forward with technology, then you are dead in the water. He is fond of quoting Woody Allen on this one.

“A relationship, I think, is like a shark. It has to constantly move forward or it dies.”

—Woody Allen

Larry Ellison always wanted to be rich so that he could always have enough time to go hiking in the Yosemite Valley. He already had his priorities right about a leisurely lifestyle. But he was made acutely aware of the fragility of our human existence in a terrible sailing accident in 1998 when six of his crewmates were killed in a typhoon. He survived and this convinced him of the need to treasure our time on this earth.

“I’ve known for a long time that life is glorious and fragile and short,”

—Larry Ellison

It also made him keenly aware of the need to get his work-life balance right. He always says that the measure of his success is not his actual wealth but how happy he is.

One of the secrets to Ellison’s success is that he has always ignored the critics who thought his ideas were crazy. If there were no factual errors in their criticism, he completely disregarded them. He has always said he used the following criteria in his business decisions:

  • if they are fair
  • if they are morally correct
  • if they work

 3. Amancio Ortega

Imagine building a fashion empire that reaches into over 80 countries. That is what the founder of Zara, Amancio Ortega, has done with incredible success. There are only 46 Zara stores in the US while China has 347! It is no surprise that he is the third wealthiest person on the planet. He is incredibly secretive and there are very few photographs of him available.

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In one rare interview, he revealed the secret of his success. He follows two simple rules. The first is that you give customers what they want. The second is that you deliver it to them faster than anyone else.

In the poor town of La Coruna where he grew up, he spotted an ideal workforce in the fishermen’s wives who were eager to earn extra cash sewing garments. These were organized into sewing cooperatives and so the first optimal supply chain was born. A lot of Zara’s success is due to accurate consumer feedback on what they want to buy plus the fact that Zara stores restock at lightning speed.

Ortega has shunned the celebrity lifestyle. He lives in a house with a sea view in La Coruna and goes to his country residence to enjoy raising chickens and goats and to stay with his family. He loves going on hiking pilgrimages and horse riding. His lifestyle is summed up as “absolute normality.” As he hates flying, he rarely travels so the chances of you meeting him in business class are about zero.

4. Miuccia Prada

“Rich people need to be entertained more and more. And then I think, ‘Let’s not entertain anymore. Let’s be simple.””

—Miuccia Prada

Miuccia Prada’s grandfather ran a leather goods shop in Milan. He probably never thought his granddaughter would have transformed that business into a global fashion empire. She is thought to be the single most important influence in contemporary fashion. Miuccia Prada’s wealth is now estimated at around $13 billion.

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The secret of her success is that she was able to identify what men were prepared to try in fashion. Her plan was to promote much more freedom in men’s clothes. She started by looking at what they were wearing on the golf course and took inspiration from that. She has applied similar ideas to women’s clothes with the overall aim of making women stronger and men more sensitive through what they are wearing. Another secret to her success is the fact that she is intensely competitive and she is also fiercely creative.

As to a leisurely lifestyle, Miuccia Prada treasures some simple pleasures such as playing cards, music, gardening and also watching football. Her home is always full of people and she obviously enjoys company, and has kept up her old school acquaintances. Her secret passion is sailing and she keeps her boat in a southern Italian port but I am not allowed to tell you where it is!

5. Larry Page

Larry Page and Google are household names. The fact that “google” has already become a verb is a tribute to Larry Page’s and Sergey Brin’s success. Page’s wealth is estimated at $31 billion. The first thing that strikes you about Larry Page is his complete commitment to the future because he is passionately interested in biotech and robotics which he hopes will extend the lifespan of human beings. He regularly talks about how life will be in the next century and that many of our problems as human beings on this rather tired planet will, hopefully, be solved.

He advises companies not to concentrate on producing the same things as their competitors with minor improvements. This sort of incremental progress will fail over time. He recommends that companies focus much less on their competitors. He claims that Google has only tackled about 1% of what can be done to make people’s lives better. He advocates that companies be much more adventurous in tackling the 99% of virgin territory out there.

“If you’re not doing some things that are crazy, then you’re doing the wrong things.”

—Larry Page

As for a leisurely lifestyle. Larry Page loves kite boarding and often goes to Richard Branson’s NeckerIsland to fly over the waves there. The private Google jet only seats 50 people whereas it was originally designed for 180. Nobody knows how the interior has been changed. There are rumors that there are hammocks on that plane but I have no reliable source to confirm that!

Featured photo credit: Larry Ellison on Stage/ Oracle PR via flickr.com

More by this author

Robert Locke

Author of Ziger the Tiger Stories, a health enthusiast specializing in relationships, life improvement and mental health.

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Published on August 4, 2020

How Smart Goal Setting Helps You Make Lasting Changes

How Smart Goal Setting Helps You Make Lasting Changes

SMART goal setting is one of the most valuable methods used by high achievers today to actualize their life goals time after time. SMART goal setting is the inverse of random or carefree goal setting without strategy.

Perhaps, you’ve always wished to get back in shape, get an annuity, or take control of your finances, but you failed to act. When you approach your goals with a care-free and nonchalant attitude, you’re less likely to achieve them.

You should have a strategic goal setting method in place, and learning how to set smart goals is imperative in this case. The method is time-tested and purposeful, meaning it can help you achieve your goals now.

To achieve your goals consistently and join the pack of high achievers out there who have consistently achieved many of their goals, you must be prepared to do what these people have been doing, and be ready to do the right thing: SMART goal setting.

What Is the SMART Model for Setting Goals?

SMART goal setting is a goal-setting method that considers certain factors about a goal relative to the person setting it. These factors are simply the five different letters in the SMART acronym for goal setting.

It is relative to the person setting the goal because what is true for A may not be true for B; or what is possible for A or within A’s ability to achieve may not be possible for B or within B’s ability to achieve.

What does the goal setting acronym SMART stand for?

  • S—Specific
  • M—Measurable
  • A—Achievable
  • R—Realistic/Relevant
  • T—Time-bound

Is it possible that this acronym can make a long lasting impact in your life?

Is it possible that a mere goal setting metric like SMART can help you achieve so many of your unfulfilled goals?

Is it possible that if you practice SMART goal setting, you will be able to have faster results, understand your goals better, overcome the habit of procrastination, and achieve a lot?

The power to achieve your goals is in your hands.

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It is important to extend the inquiry by asking: How many times have you said you’ll do “X,” but failed to do so?

We all have goals, and we all have 24 hours each day at our disposal. While some people find it easy to achieve their goals without procrastinating, some find it difficult to do so.

For some people who have succeeded again and again in achieving their goals, they have simply found an easy way of doing this. Is there something they know that you don’t?

How Smart Goal Setting Makes a Lasting Impact

Smart goal setting examples can be found all around you. Through SMART goal setting, Stephen Cooley was able to grow his real estate business to the point of closing at $110 million in sales when the average price point of homes was between $100,000 – $200,000 in South Carolina[1].

Through SMART goal setting, Steve Jobs was able to improve the fortunes of Apple and prevent the company from going bankrupt, even when it had barely 90 days left before being declared so.

SMART goal setting can make a lasting impact in your life in several ways.

Make Your Goal Clearer

When you use the SMART criteria to set goals, it is easier for you to understand the various phases of your goal.

By using SMART goal setting, you’re able to ask yourself relevant questions pertaining to your goal.

Motivate You Into Acting on Your Goals

When you use SMART goal setting and break down the goal into smaller goals or milestones, the bigger goal no longer looks intimidating or impossible.

Jack Canfield, co-author of Chicken Soup for the Soul, wrote in his book How to Get from Where You Are to Where You Want to Be about how they applied the rule of five in marketing their book, Chicken Soup, and were able to make the book a best seller after some months[2]. The rule of five simply means doing five specific things every day that will move you closer to achieving your goal.

In order not to be overwhelmed, you would have to measure your performance using the right metrics. Here we are considering the Measurable and Achievable aspects of the SMART acronym. It is critical that you measure yourself in terms of lead measures.

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What are lead measures? They are the things you do that leads you closer to your goals. On the other hand, you would have to avoid “lag measures.”

While lag measures mean a successful outcome that you wished for and got, they can be emotionally draining and deceitful because, whenever they don’t happen, you can become discouraged.

Therefore, it is better to stick to lead measures.

Help You Save Time

You can achieve more when you use SMART model goal setting.

To be strategic, your goal would have to be specific, measurable, achievable, realistic, and time-bound. If you can’t identify any of these points in your goal, you probably will be wasting your time on a wild goose chase.

When your goals are written down, it’s easier for you to go into action mode.

Improve Your Self-Discipline

Self-improvement is an important thing for everyone to do periodically. When you set SMART goals, it makes you realize that you have to sit up and work on achieving them.

How to Set SMART Goals

See the source image

    To make your SMART goals work, use the following tips:

    Specific

    Every goal ought to be specific. It is important to guard against making vague goals because even when they have been achieved, you may not know. This is because you weren’t specific enough.

    For example, “I will start planning toward retirement” is vague. Rather than write that, you could say, “I will start planning toward retirement by starting an annuity plan.” This is more specific.

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    When you are specific on your goal, it’s easier for you to identify all its components and work accordingly toward achieving it.

    Measurable

    Your goals must be measurable. When they are measurable, it’s easier for you to follow through.

    A goal like this is not measurable: “I want to make millions of dollars.” You can make it more measurable by saying, “I want to make one million dollars selling one hundred thousand copies of my book at ten dollars each.”

    Also, using our SMART goal setting examples while explaining the Specific acronym, you can make the goal more measurable by saying, “I will start planning toward retirement by starting an annuity plan and saving $500 every month.”

    Achievable

    How realistic or actionable is your goal? Is it practical enough to fit into a given time frame? Is it something you are able to achieve in your capacity?

    You would only be setting yourself up for failure if you sets goals that are not reasonable.

    A goal like this is highly unrealistic and, therefore, not achievable: “I want to be the Governor of Texas in six months,” especially since the elections will be coming up in three years.

    Goals must be written down relative to the experiences of the one setting them. They must resonate with you. It is important that you have at least some of the resources needed to actualize this goal.

    It is also important that you consider your time frame. When the time frame to achieve a complex goal is too short, it is rare that such goal will be completed.

    Thus, using our previous example, if you write “I want to make one million dollars in ten days selling one hundred thousand copies of my book at ten dollars each,” you would only be setting up yourself for failure.

    This is especially true if you’re not a popular author or if you’ve never sold even up to one thousand copies of any of your previous books, whether e-copy or in print.

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    Realistic/Relevant

    Before you proceed to making the commitment toward that goal, you need think about how realistic and relevant it is.

    Being realistic means you should be willing to make all the commitments required for that goal to be achieved. If your goal is relevant, it fits into the life you’ve imagined for yourself.

    Time-Bound

    Every goal must have a commencement date and an end date written down. It is also important that you break down your goals into phases, chunks, bits, or milestones.

    The act of having deadlines set to your goals is ample motivation that drives you into action. Without a deadline, it is not possible for you to know if you’re making headway with your goals.

    “I will start planning toward retirement by starting an annuity plan and saving $500 every month for the next twenty five years” is a time-bound goal.

    Remember that some goals are short-term while some are long-term. It is important to always bear this in mind, because this will help you in making a clear and realistic strategy when SMART goal planning.

    Without SMART goal setting in view, much of our goals may likely end in our minds, on paper, or just midway into implementation. SMART goal setting reveals to us all the action points of our goals and helps us to have an awareness of every aspect of our goals.

    The Bottom Line

    What matters at the end of the day is what you do with the contents of this article because the power to achieve your goals is in your hands.

    It is not enough to have a goal. It is not enough to put it down in writing. It is important to have a strategy in mind while putting it down. This strategy is a guideline or set of rules that point you in the right direction. It is SMART goal setting in the given circumstance.

    After writing down your goals, you will have to be ready to take action. There should be a clear action point. Write down what you need to do on daily, weekly, or monthly basis.

    When your goals are realistic, they make them worth the chase. One of the things to bear in mind is that, in order not to be overwhelmed by the daunting nature of your goals, remember to always break them into milestones, chunks, or bits. In fact, take one day at a time.

    Do not bother yourself with the one-year, three-year, five-year or ten-year plan as this may likely overwhelm you with fear and doubt. Let your focus be on each day. What will I be doing today? Consider this and go for it.

    More on the SMART Model for Setting Goals

    Featured photo credit: Kelly Sikkema via unsplash.com

    Reference

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