hey everyone and welcome to top think today we're going to learn about seven ways to become
a billionaire now let's begin number one obsess over your success for the average billionaire
success isn't just a dream it's not just something you think about at night or something you hope to
find one day in the distant future in the mind of a billionaire success is like an obsession
it's something you're constantly working towards constantly thinking about and constantly making
sacrifices to achieve but how do billionaires dedicate themselves so much to what they do well
it's because they found success by committing to something they truly love something they're
genuinely passionate about so they don't mind dedicating almost every day of their lives to
their dreams that's why billionaires will go multiple years without taking a single
vacation the Bill Gates for example didn't take a day off for almost a decade during the early
days of Microsoft he was working constantly because he was 100% committed to his future
this obsession is also why the average CEO works over 62 hours a week according to a 2006 study
from Harvard University these successful people don't mind filling up their weekends and holidays
with work because they're not just working for the weekend they're building something they
love so what does that mean for you it means you should find something that leaves you excited and
inspired every single day and then you pursue that dream with everything you've got you don't doubt
yourself you don't hold yourself back and you don't assume that you're going to fail billionaire
Mark Cuban explains that having an exit strategy means that you're not fully committed to your
success so you need to dive in headfirst and obsess over your passions until those dreams
come to life number two the power of reinvention many aspiring billionaires search for success by
copying their role models no it makes sense you want to follow in the footsteps of the people who
inspired you right you want to learn from their successes and learn even more from their failures
that can be incredibly helpful on your road towards success but you can't spend your whole
career copying other people eventually you have to go out on your own you have to take a risk and
you have to show the world something it's never ever seen before that's why several billionaires
attribute their success not to their wallets but to their minds they say that success begins with
innovation they saw a gap in the world something that people were missing a need that wasn't being
satisfied and they turned that simple observation into an idea a product and eventually a business
in other words billionaires found success by daring to try something new after internalizing
all those lessons they learned from their role models they took things in their own direction
and their innovation paid off but what does it mean to try something new most people think of
brand new inventions they want to be the first of their kind but innovations don't always mean
building something from the ground up no in fact many of the world's most successful inventions
were based on something that already existed that's why you have so many huge companies who
essentially make the same products innovation isn't about creating something the world has
never seen it's about putting your own creative spin on something that already exists something
that people are already familiar with because even if they have the product before that creative spin
gives customers a new and exciting experience so spend some time learning from your role models pay
attention to the lessons they have to teach you and then use those lessons to reinvent something
of your own because that innovation that personal spin may become the foundation for your lifelong
success number three the world of communication if you're looking for something to reinvent the world
of communication is a great place to start because communication is something that will never ever go
out of style people will always be looking for new ways to connect to foster relationships and
to get involved in each other's lives that's why many of the wealthiest billionaires found
success in technology and social media well take Mark Zuckerberg the founder and CEO of Facebook
Jack Dorsey the co-founder and CEO of Twitter or Jan koum the co-founder of whatsapp each
of these billionaires took something that's been done countless times we've all seen social media
platforms before we've all sent pictures and messages to our friends but these billionaires
pioneered a unique spin on communication they changed a few variables and they created something
that felt fresh and exciting and that innovation carry them all the way to the top so if you're
looking to reinvent something tried-and-true look no further communication is a huge industry
and it changes all the time so you never know which reinvention will take the world by storm
number four assemble your team no one can be a billionaire all on their own you might have
a great idea you might have the motivation and passion to chase your dream but there's only so
much that a single person can do that's why it's crucial to assemble a team of people a
team that not only supports each other but also complements each other strengths all right let's
say you have a great idea for a new kind of phone you brainstorm some amazing concepts and draw up
all kinds of plans well that's a great place to start but what do you do next do you know how to
build a prototype or market your new product to consumers you might have the most amazing
idea in the world but your business will fall apart without a team of people working together
oftentimes that team starts with one pair of motivated people countless billionaires have
risen through the ranks as a duo just look at Steve Jobs and Steve niak or Jan koum and Brian
Acton these successful partnerships inspired and challenged each other because a partner gives you
someone to bounce ideas off of someone who can offer a new perspective and recognize your blind
spots now of course it isn't easy to find people who genuinely share your passions or understand
why you're so committed to your goals most people aren't willing to dedicate as much time and effort
as you are so when you do meet someone who shares your work ethic don't let them slip away if you
want to become a billionaire you need to assemble your own team of strong and motivated people and
that way when you stumble upon your next big idea you have the resources to make it happen number
five solve a problem many new entrepreneurs spend too much time brainstorming ideas without asking
themselves one simple question do people want this will customers actually buy my product to
be successful you have to create something that people like something that makes their lives
faster easier or more fun if you aren't creating a product that people genuinely enjoy now you stand
no chance of becoming a billionaire that's why many successful people recommend a customer first
mentality when you find or reinvent your niche then don't think about the money think about your
potential customer step into their shoes and just ask yourself why do I want this how does
this product affect my life because the answer has to be positive your work has to be in one way or
another valuable to a complete stranger otherwise your big idea will never get off the ground so if
money is the only thing on your mind it's time to change your perspective focus on appealing to
real people figure out what they want what they like and what problems they're having and then
make it your mission to solve those problems the beauty of this approach is that it changes your
mentality instead of trying to save money around every turn you're creating real solutions for real
people when you focus on your customer you're less tempted to cut corners you're less concerned with
every penny and you're more motivated to do the best you can so turn your attention toward problem
solving and create something that really resonates with your customers if you can do that your work
might find a lasting place in their lives number six never saved I every billionaire has at least
one thing in common they never stop pushing when their first company went under they didn't give
up they started another and when they nearly went bankrupt they didn't throw in the towel
they found innovative ways to boost their sales so whether they have $1 or 1 billion dollars to
their name billionaires never stop moving forward because success isn't something you have forever
you could be successful one day and empty-handed the next so if you want to achieve your financial
dreams you should never stop pushing but what does that constant progress actually look like for many
companies it means staying at the forefront of their field staying up-to-date on new trends
research and ideas incorporating fresh styles and adjusting their products to match the needs
of their customers well just look at how huge companies like Apple have pushed themselves over
the years Apple began as a small company with one goal create a user-friendly home computer
but Apple has stayed on top by continuously reinventing their image adding smartphones
TVs and even watches Apple is a great example of what a forward moving company looks like so
if you want to become a billionaire you need to approach your work with the same flexibility and
determination because that never-say-die attitude is the key to your lifelong success hey thank you
for watching Top think and be sure to subscribe because more incredible content is on the way