bill gates advice for people who want to be rich and successful bill gates is known worldwide as
the man who pioneered one of the most influential companies in the world he forever changed the way
humans and machines interact and he is currently the second richest man in the world with a mammoth
net worth of 114 billion dollars as of 2020 and so in this episode we will share advice
bill gates has for us common folks on what it takes to be successful and to build well
so as always give this video a big thumbs up and now let's get into it 1. start early the first of
bill gates success lessons is to start as early as possible he was only 13 years old when he started
working with computers when you start something at an early point in your life you become molded
around it not only will you have a chance of being successful sooner than most people but you'll also
be less likely to give up i don't know if there are shortcuts in life but there are certainly head
starts gates had a big one in 1969 he was in the eighth grade when very few schools had any kind
of computer system his school bought an early computer along with blocks of processing time
gates was excused from regular math classes so he learned a program and became enthralled with
it his first computer program was the tic-tac-toe program the takeaway here is if you make a point
to invest in yourself from an early age you'll have an opportunity to sharpen and perfect your
skills which could open multiple opportunities and could make you a lot of money in the future
2. learning matters more than school no matter how many books you read no matter how many tests
you take nothing from university or college can properly prepare you for life in the real world
real life jobs and bosses do not just involve you studying and then teach you these things
it's real life work that you need to be able to carry out otherwise you will be
fired if you think your teacher is tough wait until you get a boss gates was a good student
he scored almost perfectly on the sats and he was from a family that valued education he enrolled
at harvard at 17 but didn't declare a major and instead spent his time using harvard's computers
by his second year however gates dropped out of harvard to start a company with his high
school friend paul allen and began his real-life education but before you drop out of whichever
college you've enrolled at gates also had this to say although i dropped out of college and
got lucky pursuing a career in software getting a degree is a much surer path to success college
graduates are more likely to find a rewarding job make a good living and live healthier lives
than if they didn't have degrees they also bring training and skills into the workforce
helping the economy grow and stay competitive throughout life gates also had his fair share of
unsatisfied customers but you know what he never considered this as something negative instead he
took their insights to heart and used them to improve his work when people hear criticism and
bad feedback they're easily discouraged and their drive to success goes downhill but if
you think about it this negativity will help you more than you realize if you look closely
learn from your mistakes and shortcomings and use that as a catalyst to be the best in what you do
three take risks starting a business is a little bit like gambling
you're not always sure if you win or not however the only difference is that you can strategize
and plan well enough to ensure the success of your business this quote is not only acceptable
to entrepreneurs but it can also apply in life as a whole the world is full of uncertainties
life has no rules and you have to sacrifice certain things to get to your destination people
will step on and reject you but at the end of the day if you're able to master the courage to keep
on going nothing will stand in your way business is a money game with few rules and a lot of risk
too many people fail to succeed because they hold themselves back whether it was youthful
folly or instinct gates didn't enter into this category in the eighth grade when the school's
funds eventually ran out gates with his friend alan and other students exploited bugs to obtain
free computer time when they were caught he and the others traded their bug finding ability for
more free computer time truly successful people first choose endeavors worthy of their time the
best time to be alive is when you're young because you don't have much to lose don't just talk about
your dreams wake up and pursue them start with whatever you have wherever you are get going
for example many people shy away from the stock market because they are volatile and worry about
losses but if you're looking to grow wealth you'll need to take some amount of risk there's no easy
way around it the good news however is that the stock market has a long history of recovering
from downturns and coming out ahead so if you adopt the right strategy namely buy quality
stocks and hold them for the long haul you're more likely to make money than lose it 4. friends and
partnerships bill gates was very fond of forming associations with people he collaborated with
people who were at the very top of their field and he loved being around very intelligent people
he said that he was happy being around smart people because it unlocked new opportunities
for him and opened the way to associating with successful entrepreneurs like warren buffett
not only that but it meant that he built relationships with people who would definitely be
able to help him out with his future endeavors jim rohn said you're the average of the five people
you spend the most time with so pay attention to the people with whom you spend time with
surround yourself with people who challenge you teach you and push you to be your very best self
because just like birds of a feather flock together you will move in the direction of the
people that you hang around so it's imperative to associate with people that are going places
and are better than yourself gates met allen in high school at lakeside the pair became
friends spawning over their common enthusiasm for computers even though they were different
people allen was more reserved and shy gates was feisty and at times combative regardless
of their differences allen and gates spent much of their free time together writing software
5. value yourself many people get frustrated because they're not as smart rich or talented
as the person they look up to you may get disappointed because you're not as successful
as bill gates but you have to face the reality that we're all born differently each person has
their own unique talents and abilities and you have to accept that to be successful if you start
to appreciate yourself and what you can offer you'll be more confident to do things your own way
don't compare yourself with anyone in this world if you do so you're selling yourself short every
human being has equal worth everyone deserves to live a healthy and productive life success
shouldn't depend on things like race or the income of your parents bill gates said if you're born
poor it's not your mistake but if you die poor it is your mistake you can't help the circumstances
you're born into but investing in something of value makes it possible for anyone to grow wealth
6. life is not fair get used to it bill gates the purpose of life for many people
is leaving a life filled with happiness family friends great health wealth and everything nice
however the realities of life couldn't be further life is tough and rarely will things ever go the
way you'd expect them to go and the sooner you learn that the more successful you'll become
one of the things bill gates shared that we should do to live a successful life is to learn
humility humility is treating everyone with respect and dignity
you never know who you'll meet or interact with in life maybe the person you associate with
now could end up being your future life partner or business partner or maybe they could be your
future boss or employer bill gates said be nice to nerds chances are you'll end up working for one
so don't make any enemies and make sure you treat everyone with respect because in life
you never really know who you might end up needing help from especially the smart guys
7. be humble failure is a great teacher success is a lousy teacher it seduces smart
people into thinking they can't lose bill gates everyone knows about the success of bill gates
i mean he built a trillion dollar company but not a lot of people know about his failures
so let's have a look at them have you ever heard of traffo data this was the first business bill
gates and paul allen started together the company was formed in the 1970s and its objective was to
read the raw data from road traffic counters and create reports for road traffic engineers the
company had only modest success and later failed however its failure was a lesson and instrumental
in creating microsoft also did you know that bill gates was pursuing a law career before
the billionaire dropped out of harvard which in itself is a failure he was pursuing a career
in law but in 1975 he dropped out to work on a business microsoft with his partner paul allen
eight be the guy who predicts the future without a doubt one of the key ingredients required to build
a very successful business is to be the first any business will gain a competitive advantage
by being the first to enter the market with either a product or service being first typically enables
a company to establish strong brand recognition and customer loyalty before competitors enter
the field aside from building one of the first commercial desktop operating systems with a
graphic user interface one of the key moments bill gates saw the future is when he negotiated a deal
to license the dos operating system to ibm but did not transfer the copyright thus he was able
to sell the software to other businesses and make more money for his business 9. give back in 1889
andrew carnegie wrote the gospel of wealth a treaty that articulated his belief that the
wealthy were merely trustees of their riches and that the wealthy should not live extravagant lives
but rather should put their riches to good use by promoting the welfare and education of others
bill gates and his wife melinda gates are among america's most generous philanthropists focusing
on big problems that they believe governments around the world are incapable of solving
the couple are so generous that they pledge to give more than half of their wealth to causes
while you may not have close to the same level of wealth as bill gates you can still learn
a lot from him take the advice above to heart because it could set you on a very fulfilling path
all that being said guys thank you so much for watching another video from us please give the
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