﻿15 SKILLS MILLIONAIRES NEED TO MASTER IN ORDER TO BE RICH
When it comes to people who have made themselves financially free,
it's not by magic that they follow certain skills which has become part and parcel of them.
As this video unfolds, we will be talking about 15 skills millionaires master.
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1) Refusal to accept anything but success and almost blind confidence.
Whether millionaire or billionaire, we are all the same people. It's just our ability to strive
to be successful that makes us different. The most successful people we know have
blind confidence that everything or anything they put their mind to will turn out in their favor.
They are actively writing their own future through their thoughts, ideas,
work, projects and actions. Failure is something they're not even considering.
So e of us are just pretenders, opportunists trying ourselves into success but the serious ones
have an idea of what we are talking about. It's like fire burning so strong in you that you would
literally die before giving up on your goals. That's what fuels super-successful people.
2) Independent thinking. To be very honest, society is
crazy. The pressure it puts on people to obey, to be just another pixel making up the most
boring picture in the world. Millionaires are strong independent thinkers. In simple terms,
millionaires like risk bearing because they decide to do what other people advise against.
The most successful people are contrarians in thought to the point that they reject
the sub-standard of society altogether. The moment you stop people from thinking for you,
you discover just how hard but exciting it is to think for yourself.
3) Compounding everything using multipliers. There isn't anything more powerful in this life
than compounding using multipliers and we're not talking about putting your money into a
bank account and leaving it there for 50 years. Rich people compound themselves and everything
too. If you as a person grow by 20% in skills set every year, you're going to be twice as valuable
to the market in less than 4 years. If you want to get rich in life, you have to own things that
increase rapidly in value. The good thing is, you've got a say in how fast they increase.
4) Risk tolerance. Enterpreneurship is all
about minimizing risk to a point where it's acceptable to take it and this is one of the
incredible skills that millionaires want to have. Looking at the world through the lens
of risk is life changing. There's risk in everything we do but what do we do?
We manage it. We put our seatbelts on, we install airbags, we pay attention no matter
how much you believe your life is in God's hands, when you cross the road you still look both ways.
Your job is to increase your odds in your favor and you do that through growth.
5) Sales and marketing. To sell is basically communicating
effectively. It doesn't matter how fancy you are as individual, if you're unable to sell,
you're not in business. Sales solve every single problem you have, as a matter of fact,
we'd even further say that: the bigger the problem you have in your life right now isn't your lack
of resources, but your limited ability to sell. Marketing is selling steroids. If selling is like
a sniper weapon, then marketing is like carpet bombing. Through marketing, you're reaching
everybody and those who vibe with your will come spend money with you and make you rich.
6) Leadership, networks and team building. One of the easiest ways to build leverage in
life is by hiring people so your output grows per factor of time. There's no such thing like
self-made men, all of us need a helping hand at some point. Leadership is this incredible trait
that people like to throw around, but it's so damn vague it gets disregarded. It is also a more
advanced type of selling because you're not just communicating, you are inspiring. Good teams are
a multiplier of effort. Build the right team and focus all your efforts on the same objective and
you're golden. Your success gets multiplied also when you apply good networks to your effort.
7) Emotional intelligence. Emotional coefficient (EQ) is more important
than Intelligence coefficient (IQ), that's why you see all these really smart people living miserable
lives filled with regrets. They're not successful, they're not happy, they don't do what they like
most of them aren't even that smart. It's one of those basic situations where we'd like to ask "if
you're so smart, why aren't you smart?, Why aren't you happy?, Why aren't you rich?, Why aren't you
healthy?". Emotional intelligence is one of those skills millionaires use to navigate the society.
The more you understand life, the better of an experience you have while alive.
8) Understanding values. Believe it or not, it's a very
important skill. Understanding values is different from understanding cost,
but since this is probably one of the first time you're force to make a distinction,
we'll help with the education process. Cost is how much money it will take to bring anything
to reality. The value of something differs from cost or even price. The value comes from what
kind of change it brings into life. The difference between value and cost is why people get rich.
9) Ability to generate deals and opportunities.
Success comes from your ability to connect dots in creative ways that have value.
The more you think about it the more you understand that's what business and life is.
We're just connecting dots. It's one of the intelligent skills millionaires have. The
person who can make deals happen. You can do it for yourself and make yourself rich or do it for
other people and they will reward you with a piece of the value you've generated for them. The bigger
the impact you can have on someone's reward, the more inclined they will be to give your share.
10) Goal setting and planning. Every rich person we know has made it their
plan and goal to be rich. They wrote it down. They made a plan, they adjusted the plan as needed and
in time they achieved what they set their mind to. The difference between normal people and the ones
that do make it lies in their approach. Average people have dreams and desires while rich people
have plans and goals. Goal setting and planning are skills and millionaires know that. You need
to know how to break things down, how to plan, how to self-analyse in order to achieve goals.
This allowed us to become multi-millionaires before the age of 30 starting out poor.
11) System creation. A big part of the journey to wealth
falls on those skills millionaires call "system creation". Basically you need to create systems
that get desired results for you. This works in personal life more commonly known as mental
models and habits and in business through specific structures. When this opportunity presents itself,
this is what the team will do. As long as you've touching money, you'll never be rich.
Money is just numbers on a screen now, treat it as such.
12) Learning by breaking down structures. Learning is one of the biggest skills millionaires
master. We know the world gives you didn't do your homework and your teacher embarrasses you in front
of the class, but that's not it. Back to learning, the beat way we know how to learn is by breaking
things down and seeing what goes into it. It's a big curiosity of ours. We began with computers,
then we moved on to businesses. It helps us understand both the culture and where
things are going. If you want to be rich, learn how different businesses work. Form
the donut stand in the corner to the logistics problems Amazon warehouse are able to solve.
In the process you'll learn more about real business, than any book can tell.
13) Self-motivation, focus and discipline.
Success doesn't happen overnight. Things will get difficult and boring and you'll want to
quit multiple times. Self-motivation is a real skill. Maintaining focus in a world filled with
distractions is a real skill. Waking up and going to work even in the days when you don't
feel like it through sheer discipline is a real skill. These 3 are incredibly powerful
skills of millionaires and are able to compound and multiply on each other.
14) Competitiveness. Successful people are competitive. They need
to win and because of that need they got to where they are. The more you study successful people,
the more you see this pattern behavior. You need to love the game so much that you're willing to
go far to the highest score possible. Business is a competition. You are literally competing with
other people like you that want the customers money, attention and more. Find your space and
compete to get yourself in the game, but once you do, go full strength at it and dominate.
15) Thinking big. The problem here is that very few people
think big. Even the things you think are big are almost always small. They feel big in comparison
to your current size. This is why you believe a million dollars will be a lot of money for you.
Don't get us wrong, it's ok money but it took us becoming millionaires to understand that it ain't
as much as we thought it was. There are 2 regrets people have when they get to the finish line:
i) They didn't start earlier. ii) They didn't think bigger.
This wraps up our ideas on the 15 skills millionaires master in other to get rich.
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