Updated: April 10, 2021
The mindset of a billionaire that rarely people know
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So it is a win-win. They know how to mobilize a team. They know how to motivate people. They know how to solve problems. They know how to make connections. So they have some exceptional skills and they think long term.
They think very very strategically. That’s one of the things I have learnt. Ali Baba has a business plan for a hundred and two years. They are planning to be around for a hundred and two years. And I know that’s when I listen to my billionaire mentors.
They are talking about a five year plan, a ten year plan, a fifteen year plan, a twenty year plan. They have this long term vision and they are willing to wait. They are patient and because they think long term they could put themselves in positions to capitalize on certain opportunities versus other people with shiny object syndrome or short sighted.
And one more thing that I notice maybe is a bonus mindset tip and that is they don’t think about niches. They don’t think about a small market chances are almost of them they either think nationally how to dominate an industry in the whole country, or they think globally, how they dominate an industry globally not just locally.
They don’t believe in small niches. They don’t believe in small categories. They want to be the leader in a global industry. They think big. That’s why they are very very competitive, right.
They want to win, they want to win big and that’s why in order to win big they need that ten twenty thirty year plan and they are willing to pay the price and work towards that. And those are some of my observations of the mindset of a billionaire.
If you want me to share more of those observations with you from my little notebook, call me below and let me know. And don’t forget to hit the subscribe button if this is the first time you are visiting our channel and watching our video.
according to Forbes there are 2153 billionaires in the world out of the seven point eight billion people on this planet Earth it is a tiny tiny percentage of the population there are a lot of people they have a lot of jealousy and resentment towards billionaires some have a more Asians towards billionaires when I hear people they say I want to be a billionaire or I see it on social media or I’m gonna be a billionaire I don’t think most people have the slightest clue of what it takes to be a billionaire you got to understand we’re not talking about being the one out of 100 or 1 in 1,000 not even one in 10,000 not even one in 100,000 you’ve heard of the saying one in a million well being a billionaire is not even one in a million it’s one in a few million you have to be that good and that exceptional now here’s a visual representation here’s what $10,000 looks like it’s small in a pile and here’s what $100,000 looks like 11 that big of a pile here’s what 1 million dollars in cash looks like now you might think a million dollars such a big number that it will fill this entire room with cash that’s not true actually a million dollars you could fit in a large backpack and here’s 100 million dollars.
what it looks like and here is what 1 billion dollar looks like now so you can see it is a huge amount of money more money than most people could imagine disclaimer I’m not a billionaire but I’ve had the privilege of interviewing quite a few billionaires on my podcast the danlove show and I’ve had the fortune of being mentored by some of them and what I’m about to share with you today these are simply my observations notes they have dropped down in my little I’ve got a whole notebook of them especially the way that they think and their billionaire mindset and today I’m gonna share three findings with you from my little notebook and you don’t have to buy any of these ideas it’s okay to disagree I’m simply sharing with you what has worked for me and in my own business in my own career everyone has an opinion of billionaires but most of those people are never made more than 40 K here in their life and chances are.
they’ll never even talk to a billionaire millionaire mindset number one money is not their biggest motivator they don’t do it for the money maybe in the beginning they did but later on think about it if your goal simply is to live a comfortable life a luxurious life after a while it’s very easy to lose motivation they don’t do it for the money after a while they do it for something else they do it to win they do it to make a difference or they do it to disrupt an industry or they do it simply because they could in fact I would say that is the key difference between a millionaire versus a billionaire a millionaire once you reach a certain stage of success once you are comfortable it’s easy to get complacent right just like my mentor says default is a when you are more successful than the people around you like yeah you know what I don’t want to work so hard anymore right think about it.
if you are already living in a house that you want you’re already driving the car that you want you’re already taking a vacation that you want you’re staying in the best hotels you’ve got a comfortable life if all your motivation is based on just things well you lose motivation real quick from my observation to billionaires money is simply a way for them to keep score not because they are greedy because they enjoy what they’re doing and they’re good at it and that’s why they can’t pay a lot of money doing what they do you see poor people saying well you know what if I have that kind of money I would never work another day in my life well with that kind of mentality chances are that’s why you’re never have that kind of money because you are motivated just by money itself Steve Jobs said it best I was worth a million dollars when I was 23 I was worth 10 million dollars when I was 24 and I was worth a hundred million dollars when I was 25 but they are not that important anyway.
I never did it for the money billionaire mindset number two billionaires understand people from my observation billionaires they have exceptional people skills now some of them are great communicators they are great public speakers some of them are world-class negotiators or closers they could get deal done they could close deals they know how to negotiate with the banks now having good people skills doesn’t mean that they want to be liked all the time in fact most of them they are not that nice they are tough they’re tough because they have been screwed over they have been taking advantage of they’ve been sued right they have been backstab they have a lot of scar tissues right they have a lot of heat right a lot of people wanting something from them.
I also noticed they are willing to invest time in developing key relationships and most of them are very generous and they are willing to help people as long as you are sincere that you don’t have a victim loser and teittleman mentality that you’re like a blood sucking leech that you want something from them as long as you are sincere they are willing to help I’ll tell you a quick story through a mutual friend and introduction he introduced me to one of the most successful one of the wealthiest men in my city in Vancouver and I got his phone number I call him up and I said I was introduced by a friend and I just want to seek his advice and I wonder if I can buy him lunch and immediately I call him me in the morning he said sure let’s do lunch is I got some time why didn’t you come to my hotel because he owns one of those hotels in Vancouver he said come to my hotel and I will see you in my lobby just at lunchtime I said great.
so I dressed up I drove there and I saw him in the lobby and he greeted me and he was very very nice and then he said well why don’t we just eat at my restaurant and because he owns that restaurant as well at the bottom floor Hotel so we went in and he was greeted by everyone you could see the people the guests a lot of people known him there saying hi how’s it going is she was shaking hands with everybody right they’re welcoming and we sat down and we had lunch and I was asking him I was taking notes of of what advice he would give me and by the end of that lunch I said okay great I pulled out my credit card because.
I wanted to treat him he said no don’t worry about it you are eating in my restaurant I’m not gonna let you pay and my restaurant you know maybe next time as a young guy I got nothing to offer to him there’s nothing that he needs a once from me not only he gives me his precious time give me advice but also bought me lunch it’s incredible billionaire mindset number 3 billionaire they see things that other people don’t he’s a piece of land poor people they would see just a pile of dirt right some might see it got it middle-class would see a house that they could live in a nooner might see a four-plex that they could build but a billionaire could see a skyscraper maybe with commercial real estate at the bottom part and then condos at the top they would see they could build a train station here maybe they could also quiet that property next door they see things completely different they have a mindset what I call resourceful without resources.
they are very very creative when they cannot do something or someone tells that they cannot accomplish that they will always find a way they have a very compelling vision have a lot of clarity of what they want to accomplish and because they have that compelling vision it’s very easy for them to attract the right people and say hey I want to help you accomplish that vision because billionaires they know how to paint that picture and they know how to craft that vivid vision that if you could help him to get what he wants that you will get what you want as well so it is a win-win they know how to mobilize a team they know how to motivate people they know how to solve problems they know how to make connections so they have some exceptional skills and they think long-term they think very very strategically that’s one of the things.
that I have learned Alibaba has a business plan for 102 years they are planning to be around 402 years and I know that’s when I listen to my billionaire mentors they’re talking about a a five-year plan a 10-year plan a 15-year plan a 20-year plan they have this long-term vision and they are willing to wait they are patient and because they think long-term they could put themselves in positions to capitalize on certain opportunities versus other people with shiny object syndrome or short-sighted and one more thing that I noticed maybe is a bonus mindset tip and that is they don’t think about niches they don’t think about a small market chances are almost all of them to either think nationally how to dominate an industry in a whole country or the think globally how they dominate industry globally not just locally they don’t believe in small niches they don’t believe in small categories they want to be the leader in a global industry they think big that’s what they are very very competitive righ.
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