It's a dream for many to become billionaire, what it takes to become a successful entrepreneur?
According to Hurun Research's 2024 Global Rich List, Mumbai has become Asia's billionaire capital for the first time. Mumbai hosts 92 billionaires, one higher than in Beijing (91). Globally, Mumbai is ranked third.
The journey from a normal guy to a billionaire may seem daunting or out of reach, but there are several habits that all billionaire people have in common. We can learn those from their daily rituals and implement in our lives.
Majority of billionaires are early risers. As they start their day early, they get more time complete their daily work. Amazon owner Jeff Bezos is the best example of that. He wakes up around 4 or 5 am and priotizes good night’s sleep. This habit makes them energetic and productive.
The best way to become successful is to setting up clear and specific goals. Billionaires are always goal-oriented individuals. They set daily, weekly, monthly, annual, and long-term plans rather than relying on vague ideas. Twitter founder Jack Dorsey focused on specific and quantifiable goals, which helped him to become a billionaire.
Billionaires are always lifelong learners and voracious readers. The best way to upgrade yourself is regular reading habit. One of the richest persons in the world, Warren Buffet has once said he dedicates 80% of day reading. Be it in the morning or night, prepare a schedule to read books.
Well, this is one of the major pillars of becoming successful. A person’s environment defines his/her success. Stay in postive, growth-oriented environment. One if the richest investors in the world, Mark Cuban once adviced that, association defines long-term success.
You cannot become successful with a negative mindset. In the journey of becoming a billionaire, you will have to face lots of setbacks and challenges. This can only be overcome by a resilient mindset and positive outlook towards life. Founder of Zara, Amancio Ortega, mentioned: “success is never guaranteed. Complacency is one of the worst traits you can have as an entrepreneur.”
Doing something useful for society is the most noble thing you can do in your life. Majority of billionaires are involved in philanthropic activities globally. Virgin group founder Richard Branson has donated $3 billion to take action against climate change. Microsoft founder Bill Gates, through the Gates Foundation, helps fighting against poverty.
Hardwork is definitely required to become successful. But, you need to keep yourself healthy. Because “health is wealth”. Billionaires are involved in regular exercise and maintaining a healthy diet. It makes them fit and provides positive energy to start the day. Successful people are also involved in meditation for improving focus.
World's richest man Elon Musk schedules every daily activities in five-minute blocks.
He keeps important meetings at the in between morning to afternoon as people are always alert and fresh during that time. Billionaires make a plan and stick to it without distraction.
To become wealthy, you have to take care of your expenditure. Spending habit is a great measure of wealth creation. Have you ever seen Mark Zuckerberg in highly expensive clothes? So, focus on spending wisely.
Follow these clever habits of successful people to help you on the path to success.
