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Life’s Greatest Lessons You Can Learn from Billionaires

learn-from-the-pros, be-in-the-loop - Life's Greatest Lessons You Can Learn from Billionaires

Bill Gates, Mark Zuckerberg, Steve Jobs and other geniuses did not aspire to gain billions. They thought about something else — and so they achieved such success. If you also stop focusing on your bank account, you can succeed.

Many well-known billionaires did not inherit their capital, but earned it through their work and talent. Here are 10 of the most inspirational lessons you can learn from their experiences.

learn-from-the-pros, be-in-the-loop - Life's Greatest Lessons You Can Learn from Billionaires

Richard Branson: Dream about Great things

Branson writes in his blog: “A dream is one of the greatest gifts received by man. Dreams shape our aspirations, stimulate innovation, encourage us to change and generally move the world forward. If we didn’t know how to dream, we wouldn’t achieve anything: we wouldn’t land on the moon, create objects of art, gain rights for women and civil liberties in general, what a dead and tragic life it would be. ” “The benefits of a dream outweigh the perceived risk, since its value lies not only in a result, but also in the inspiration that accompanies the movement towards the goal.”

learn-from-the-pros, be-in-the-loop - Life's Greatest Lessons You Can Learn from Billionaires

Mark Zuckerberg: Get ready for high stakes

When a news line was launched on Facebook in 2006, many users demanded that everything be ‘as before,’ and now Zuckerberg is proud that his team did not follow their tastes. 

He wrote: “I am proud of our team, because we believe that we can always do better, and we are ready to make high stakes if we believe that this will help the community in the long run”.

Richard Branson: Love the change

When Branson wrote about the closure of the Virgin American brand, he remembered how great and interesting it was to build this airline: ‘Virgin America was the ride and love of a lifetime.’

learn-from-the-pros, be-in-the-loop - Life's Greatest Lessons You Can Learn from Billionaires

Steve Jobs: Be attentive to Trifles

Jobs had a reputation for being an extremely tough leader, but Kara Swisher, the executive editor of Recode, says that it was rather due to his meticulousness and obsession with the perfect result. In the podcast of The Tim Ferriss Show, she said that she had a different view on Jobs: “I think he was too anxious about the cause, do you see? He was too worried about the result, and any deviation from the ideal was unbearable for him”. 

Mark Zuckerberg: Recognize your mistakes

Earlier this year, the Facebook moderation algorithm deleted some sensitive user-generated content, and Zuckerberg publicly apologized for this misunderstanding. Zuckerberg wrote: “During these political debates, there were many mistakes, and they concerned both sides — we deleted the accounts that should be left, and, on the contrary, considered content that promotes hatred and worth deleting as normal. The associated criticism was painful, because I considered it fair. ” Leadership experts later said that the apologies of the Facebook head only increased his authority.

learn-from-the-pros, be-in-the-loop - Life's Greatest Lessons You Can Learn from Billionaires

Bill Gates: Look for simple solutions

In 2007, speaking at the presentation of diplomas at Harvard, the Microsoft head said: “Change is not hampered by lack of effort, but by the excessive complexity of the task. In order to want to do something, we need to see the problem, the solution and the extent of the effort required, but complexity hinders this”. He added: “If we want to use people’s efforts as efficiently as possible, we need to look for solutions. If anyone asks a person or organization “How to help?”, and receives a clear answer, he can act, which means that with such an approach, efforts of many people are not in vain. Complexity makes it harder for a ready person to make a contribution”. 

Richard Branson: Be Yourself

Branson says that he has four grandsons in his blog: “I have thought a lot about the meaning of life and what I can teach them, which will help them in life.” 

Branson, the founder and chairman of the board of directors of Virgin, says that he always recalls a quote from the children book “Happy Birthday!” by the famous American writer Dr. Seuss: “You are you, and it is a fact. No one is more like you than you”. Branson suffers from dyslexia, and he had to learn to recognize his peculiarity, and not to curse it. “You are you, and no one is more like you than you,” Branson says that this is the best advice he has ever received.

learn-from-the-pros, be-in-the-loop - Life's Greatest Lessons You Can Learn from Billionaires

John Paul DeJoria: Do business on a constant customer need

Today, John Paul DeJoria, co-founder of Paul Mitchell, the hair care products company, and Patron Tequila, the alcohol brand, is a famous billionaire, but once he was homeless and collected cans of drinks outside. His best advice for entrepreneurs: build a business in the industry where the buyer does not need to be persuaded to make each and every purchase. Look for products or services that will become part of his daily life. DeJoria says: “Do not doom yourself to permanent sales; try to be in such a position that if your products and services deserve it, the people themselves will be ready to use them time after time”. 

Bill Gates: Share with others

Speaking at Harvard, Gates said: “My mother, who was very proud of my being accepted here, always reminded me how important it is not to forget about those around me. A few days before my wedding, she arranged a separate small holiday, where she read before the audience her marriage letter, written by her for my future wife, Melinda. Mother had a very severe cancer, but it was important for her to bring her thoughts to us. At the end of the letter it was said: “Much will be required from everyone to whom much has been given.” Gates listened to his mother. He is one of the founders of The Giving Pledge, a campaign to encourage wealthy people to contribute a majority of their wealth to philanthropic causes. In addition, he and his wife founded Bill and Melinda Gates Foundation, aimed to enhance healthcare and reduce extreme poverty, and, in the US, to expand educational opportunities and access to information technology.

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