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6 Key Lessons from the Incredibly Wealthy

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May 29, 2016 · 2k Views

One of the best ways to improve your own life, whether it be financially, your career, relationships, or in any number of areas, is to learn from the best. Identify who is successful and note how they reached that level of success. What daily habits do they exhibit, what is their mindset, what makes them tick? By studying these traits and applying them to your own life you will start to experience many positive benefits.

Here are 6 of the wealthiest people in the world, with lessons that we all can learn from their examples:

 

Steve Jobs (Apple CEO, $10 Billion Net Worth)

Steve Jobs is one of the most brilliant innovators the world has ever seen. His passion, creativity, vision, and desire for perfection all led to him creating Apple, a company that has become a worldwide influencer. He talked a lot about pursuing your passions and finding work that you love to do. He encouraged thinking outside the box and dreaming big without limits. These are all valuable lessons that we can apply to our own lives.

 

Warren Buffett (Berkshire Hathaway CEO, $67 Billion Net Worth)

In the financial community, Warren Buffett is looked up to as a highly inspirational person. He’s considered one of the most brilliant investors of all time. By studying his way of life and his methods you can make positive changes to your own daily habits. For example, he spends the large majority of his time reading, up to 500 pages per day! His philosophy on investing is to think long-term and to not try and beat the market. The principle of thinking long-term is a common theme throughout these quotes. Make small progress a little bit at a time, and eventually you’ll be surprised at the heights you can reach.

 

Mark Cuban (Entrepeneur & Dallas Mavericks Owner, $3 Billion Net Worth)

Mark Cuban is a perfect example of someone who went from nothing and was able to change his circumstances through hard work and dedication. Being an entrepreneur was always in his genes. He sold trash bags door to door as a 12 year old kid. In his early twenties he shared a tiny apartment with 5 friends and slept on the floor. He used to eat ketchup and mustard sandwiches to make ends meet. Needless to say, these hardships helped drive him to the success he has reached today, which includes owning the Dallas Mavericks NBA basketball team and appearing as an investor on the hit show Shark Tank. He is a huge proponent of hard work, passion, and character being the most important factors which lead to success.

 

Mark Zuckerberg (Facebook CEO, $48 Billion Net Worth)

Mark Zuckerberg invented Facebook from his college dorm room and now over a billion people use the site. He also gave away 99% of the wealth he amassed from this global enterprise to charity. Zuckerberg focuses on utilizing every day as effectively as possible and takes risks throughout his life. If you don’t take the leap, you’ll never reach new heights. In the same way, Facebook would have never become such a smashing success if Zuckerberg hadn’t taken the necessary risks to launch the site in the first place.

 

Elon Musk (CEO of Tesla Motors & SpaceX, $14 Billion Net Worth)

Elon Musk’s main goals throughout his career has been to change the world and making life better for humanity. This is a huge undertaking, but he has always seen it as being of utmost importance. This continues to drive him to achieve these goals and dream of a better future, which also happens to be his advice to others. Keep a positive attitude, dream big, and don’t let anything stand in your way of doing what is most important.

 

Bill Gates (Microsoft CEO, $77 Billion Net Worth)

Bill Gates has reached some monumental heights in his career. In order to do so, he has had a patient and positive approach towards life. By taking failure with a grain of salt and using it to learn, he was able to build Microsoft into the successful company it is today. He also has contributed huge amounts of his wealth to charity through his foundation. We need to live our own journeys, without comparing ourselves to everyone else. The world can often be a cruel place, but through perserverance and self-motivation it is possible to make a big difference in other people's lives.

 

Final Thoughts

Overall, it is extremely beneficial to look at traits that successful people have, as well as habits they follow. These six men have made a big impact on the world that will be felt for generations. It took hard work, continual learning, constant improvement, refusing to fear failure, a long-term approach, and taking risks, for them to reach their full potential. By studying and incorporating some of these traits into our own lives, we can become more well rounded and financially savvy over time.


 

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A lifelong Bay Area native, Matt Spillar graduated in 2013 from Fresno State with a Sports Marketing degree. He strives to combine his passion for sports marketing along with his interests in finance and budgeting. In his spare time, he writes for his personal blog, spillsspot.com

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