According to Forbes Jack Ma's net worth is estimated to be worth over 40 billion
as of this video but wasn't always like this for him he grew up poor in
communist China failed his Uni entrance exam twice was rejected from dozens of
jobs including one at KFC before finding success with his third Internet company
called Alibaba which is the China's answer to Amazon a sheer factor behind
Jack Ma's success was the quality of his habits that allowed him to power through
failures and adversities whose going through at the time despite all of things he
had against him and that's why in today's video I'm gonna be sharing with
you the five success habits that made Jack Ma a billionaire so make sure to
pay close attention if you're somebody who want to get step closer to reaching
your dream right now so without further ado let's go into the first habit which
is used the power of LQ Jack Ma mentions how intelligence yes it's
important emotion intelligence yes is important however he said what you also
gotta have is LQ which stands for love you see he goes on to talk about how a
machine does not have a heart a machine does not have a soul and the machine
does not have a belief and in this digital era the way things are moving
towards artificial intelligence right now he says it's important to come from
a place of compassion and loving connections of which a machine cannot
replace as after all in this black and white world true colors show so he said
it's important this display this LQ if you want to be a true leader and grow a
successful business in fact the CEO of Starbucks Howard Schwartz was once
quoted saying how we are not in the coffee business serving people but we
are in the people business serving coffee you got to ask yourself right now
how can I humanize my business in this black and white world how can I show
more compassion to compare to my competitors how can I be more human and
real and authentic in this artificial world that's the first habit the second
habit is to never reinvent the wheel despite this I see so many people out
there trying to figure out themselves wasting all these hours researching
researching researching when in fact you just got to simply ask you got to be
able to willing to listen to other people who
failed and who knows exactly what not to do in your current situation so be a
humble student put your hands up and ask for help as Jack Ma says if you want to
be successful learn from other people's mistakes don't learn from their success
stories and this is why he's got a routine between 6 p.m. and 12 a.m.
he specifically mentions how he'd rather instead of switching his brain off he
focuses on making themself smarter stronger or something that broadens his
network during this period of time and also another thing that Jack Ma does
because he lives by this philosophy is he believes in the idea of friendly
competition Ma does not see his competitors as enemies he sees them best
friends that he can actually learn from and grow
from so he knows exactly what to do and what not to do
you too insider you got to become a hungry student of life learn from people
who've gone out there made the mistakes and be willing to ask for help
let's go into the third habit which is to set yourself up to win Jack Ma was
quoted saying this how the next 30 years are critical for the world every
technological revolution takes about 50 years in the first 20 years we witnessed
the rise of technology giants like eBay Facebook Alibaba and Google this is good
but now we need to focus on what comes next
the reason why Jack Ma became so successful in his own right he's got
this habit of setting himself up to win he's sitting down planning in advance
what is he gonna do if there are adversities obstacles in his way I like
to call this principle the if-then principle it's about acknowledging that
life is full of obstacles there's no denying that no matter how positive you
think about it so prepare your self in advance what are you gonna do if you
face procrastination then what are you gonna do set the deck in your favor so
no matter what you still do whatever it takes so it's all about planning in
advance as after all if you fail to plan well
then plan to fail let's go on to fourth habit which is be relentlessly
solution focus this is what Jack Ma said he said if you don't give up you still
have giving up is the greatest failure one of
the habits that Jack Ma has is his ability to not see problems as a problem
but instead as a gift he sees him as an opportunity in which that he can
actually excel from and he powers through it no matter what
in fact Jack Ma said how opportunities lie in the place where the complaints
are so he views problems complaints differently and he moves forwards
despite how he truly feels he's always focusing on the solution because he
understands what you focus on expands so if you focus on issues right now if you
complain about your current situation right now
that's what acts as a glue that keeps you tied to it so you've got to focus on
what you want not what you don't want let's go into a final habit which is
regularly connect to your why Jack Ma said how no matter how the tough to chase is
you should always have the dream you saw in the first day he'll keep you
motivated and rescue you from any weak force think about why you began your
journey what was the catalyst what was the belief you had and connect to that
on a daily basis this is what Jack Ma does to keep himself lit every single
day to keep himself fresh every single day to keep himself humble to the
process as Jack Ma believes that this is the key to stay motivated and being
allergic to weak force in your mind he acknowledges that little boys will be
there that thing that tries to pin you in your current situation and try to
stop you from moving forward but he realizes to be able to overcome this you
got to connect to a bigger purpose your why in life so connect to something that's
bigger beyond yourself that keeps you lit every single day these are the five
success habits that make Jack Ma a billionaire I hope you found today's
video helpful if you have insider be sure to do me a favor right now and
share this video with friends and loved ones
why because life is all about paying it forwards so do me a favor and actually
share this video right now to the people who need to hear this message like this
video if you like this video and comment below regards to any questions feedback you
may have and as always follow your heart my friend and take action and go live the
life your truly born to live I'll see you on the next
video soon take care