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There are 7 billionaire habits of success, which are the golden rules to become rich.

Becoming a billionaire is a great goal, but unfortunately, it’s only a dream for most of us.

The thing is, many billionaires didn’t start out rich.

Some had racial, economic, and educational disadvantages.

Even with those disadvantages, their intelligent decisions and business choices, plus a few key characteristics, led them to their billions.

94 percent of successful business owners want to be wealthier.

Even if you don’t own a business, you are effectively the CEO of your family, so this video still applies to you, too.

Let me dive into the billionaire money rules to follow if you want to be wealthy.

It takes discipline and focus if you want to become seriously wealthy.

But, first, you must understand the attitudes, behaviors, and actions of self-made billionaires.

Once you identify their most pronounced, dominant, and persistent traits, the 7 Billionaire Habits of Success, you could be wealthy yourself one day.

These seven rules encapsulate key mindsets and strategies that you must adapt yourself.

Rule #1 is to commit to extreme wealth and not just dream about it.

Many people dream of being rich but will never commit the time or effort to get there.

Following this rule means having a clear sense that money is a critical, if not the critical—objective.

Look for ways to grow wealth by purchasing courses and training to learn how the rich made their riches.

Dreamers are not doers, and dreamers never become wealthy.

Rule #2 is to engage in rational thinking based on numbers and research.

Rational financial thinking takes many forms.

One example is making decisions based on solid financial projections.

Another example can be seen during negotiations.

Skilled negotiation is at the art of successful economic endeavors.

As Bill Gates said: “In business, you don’t get what you deserve. You get what you negotiate.”

Rule #3 is to swim in pools where massive amounts of money lives.

Some business opportunities make more money than others.

Where the self-made, Super Rich chooses to apply their skills counts.

For instance, the wealthy know that they have a greater chance of building wealth by being their own bosses than working for somebody else.

Following this rule means pursuing fields and initiatives that offer the highest financial returns, now and in the future.

Stock market investing, real estate, building an online eCommerce brand, or buying a business can generate massive wealth over time.

Rule #4 is to pay everyone involved.

When building teams, the very wealthy assume everyone has a degree of self-interest that can be used.

They never assume people are willing to work solely for satisfaction or fulfillment.

The rich reward handsomely with cash, equity, or some other form of currency.

When you generously reward those who helped you, you cultivate the loyalty and specific behaviors that can help you reach your long-term goals.

Rule #5 is to connect for-profit and friendships.

Highly successful people think about networking as a means to an end.

It’s all about finding the person, information, or tools that get you one step closer to your goals.

Following this rule means maintaining a small but deep network of relationships that may lead to friendships, but that certainly will lead to power and influence.

Rule #6 is to use failure to improve and refocus.

Failure is unavoidable, so the ultra-wealthy don’t worry about avoiding it.

Instead, they focus on learning from each experience, using the lessons to get an advantage the next time around.

Rather than obsessing about lost opportunities and getting discouraged, they study their failures and do all they can to prevent repeating their missteps.

Rule #7 is to stay focused on your ultimate goal.

The super-wealthy know that there are few things they do exceptionally well.

They also know the role these skills and expertise play in generating wealth.

Being focused means sticking to your plans and not getting distracted by other opportunities or events that call for new and different skill sets.

Determine the amount of wealth you need to live a life of financial freedom and meaning.

Armed with that number, you can start to incorporate the 7 Billionaire Money Rules yourself.

Your billions can fall into two classes.

(1) those who invented something new.

(2) those who do a previously invented thing better than anyone else.

Being a billionaire takes an extreme work ethic and, for many, quite a bit of patience.

Billionaires are always learning, and if you have the chance to ask them, they will say that they are the student, not the teacher.

The most common traits among billionaires are work ethic and refusing to give up.

Let’s go over 4 Dos and 3 Don’ts for Becoming a Billionaire.

A few golden rules to becoming wealthy.

Do Innovate to differentiate yourself from the competition.

Innovation is the fine art of finding a creative way to improve on a boring idea.

Successful innovators will identify the real needs behind customer demands.

You can then improve the product to be smarter, better, or more efficient.

With a service, you can provide more value than what competitors offer.

You can develop a business that works in a way that differentiates itself from the rest.

The founder of IKEA is an excellent example of someone who used innovation to yield billions.

Furniture doesn’t seem like a fascinating market.

IKEA’s approach was to provide modular, economical furniture with a modern flair from Sweden and other European designers.

Do Invest in assets that can increase in value quickly over time.

Self-made billionaire Warren Buffett is famous for his frugal ways and for his wise investments.

Investing requires a little seed money and accurate insight into which investments are smart.

If you can follow in the footsteps of billionaire investors like Buffett, then this might be the route for you.

You can invest for quick gains by day trading stocks or options.

Long-term gains can be built through real estate or starting an online business.

Check the description section of this video for the online business system that we recommend.

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Do be an Entrepreneur, not a 9 to 5 worker.

The third option for becoming a billionaire is in the time-honored tradition of entrepreneurial pursuits.

Starting a business and taking it to success isn’t always easy.

Once you develop a good business sense, you can start a new business and sell it for a significant profit.

You can repeat this process many times for millions or billions in profits.

The ability to spot existing businesses that can be great can be the vehicle to great wealth.

Billionaire entrepreneurs might work in one of two ways:

(1) either by coming up with a great idea and taking it all the way, as in the case of Microsoft’s Bill Gates.

(2) or by spotting someone else’s good idea and investing in it early on.

Both are viable ways to reach a success level that can generate billions of dollars when it comes to your own net worth.

Let’s touch on a few Don’ts to becoming a billionaire.

Don’t Think that You Know It All because you really just don’t.

The moment you think you have nothing left to learn is the moment you kill your potential for becoming a billionaire.

Especially if you’re interested in building your wealth through investing or innovating.

You must be curious, open-minded, and always learning.

These qualities allow you to look at old things in a new way.

You can see the potential for change and profit where others see only what already had been done.

When you stop learning, your net worth stops growing.

Don’t Make Flashy Investments to impress people.

The latest and greatest investment opportunity may be fun to talk about.

One pitfall of would-be billionaires is jumping in on the “next big thing,” which may not turn out to be so big.

Investors who make billions from their investments avoid flashy, high-risk picks.

Instead, choose investments with long-term potential that can provide great returns.

Real estate, telecommunications, pharmaceuticals, and energy are boring but offer solid returns.

Don’t Quit Too Soon.

Entrepreneurial types who succeed realize that success rarely comes overnight.

One business idea might not pay off, but the next one might.

It’s not easy to build something from scratch.

Time is on your side if you don’t rush it.

Billionaires are unique in their own ways.

They each have their own area of expertise, individual quirks, and come from all over the world.

Despite their differences, almost all of them share a set of 2 habits.

Habit #1 is that they wake up early to do the most difficult tasks when they have the most energy.

Each and every billionaire credits waking up early as a significant component of their success.

Most said their wake-up time is around 5:30 a.m.

When the sun is just starting to rise, early hours exude a special kind of primal energy.

You have more time to think in silence, work undisturbed and mentally prepare for the day.

There’s also something extraordinary about knowing you’re getting a head start while others are still asleep.

Understand that getting less sleep isn’t what makes you successful.

There are very few billionaires who only need between three to four hours of sleep.

The majority of them function best after seven to eight hours of rest.

Those that need more sleep simply go to bed earlier.

Habit #2 is that billionaires keep themselves healthy.

Without good health, life can be miserable, and no amount of success or money can make things better.

Whether they’re 40 or 80, billionaires all maintain their health by exercising regularly.

Brazilian billionaire Lirio Parisotto (Le-rio Pare-sotto) says he hits the treadmill three times a week.

He burns about 1,000 calories per workout.

Even when he skips a day or two because of travel, he makes up the lost workout when he can.

No cheat days for this billionaire because he knows that all the money in the world means nothing if you don’t feel good to enjoy it.

Many billionaires incorporate their favorite sports into their workout regimen.

They claim that sports teaches you about winning and losing, both essential skills in business and life.

As Magna International founder Frank Stronach once said, “In sports, you learn about character, competition, and how to play fair.”

Sports isn’t the only element of a healthy life for billionaires.

Many practice meditation or stick to a nutritious diet.

Of the 21 billionaires I researched for this video, only one was a smoker.

The rest were either previous smokers who eventually dropped the unhealthy habit or have never smoked before.

The third habit of billionaires is that they read.

Warren Buffett, an avid reader, will be the first to tell you that reading is the most valuable source of knowledge.

The Berkshire Hathaway CEO reads up to 500 pages per day.

Read books about how to do things right.

Read books about how to be a good person.

Buy training courses on how to build a business and don’t just rely on free videos and blogs.

If you believe that the stereotypical image of a billionaire is reading the newspaper, you’re not wrong.

Some do just that, but many prefer to read The Economist, Financial Times, Fortune, or The Wall Street Journal.

You don’t need to subscribe to the paper versions, but at least read the online versions of these newspapers.

Other billionaires read biographies of iconic business leaders.

They buy books about finance, business, science, history or technology.

They also learn a lot from fiction and self-help books.

If you put these Dos and Donts into practice, you set yourself on a path to wealth.

 

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Oscar DeLa Cruz
Oscar DeLa Cruz

Life Bliss Journal offers research & polling data on life transformational programs. We cover wealth and motivational topics to help our readers be the best version of themselves.