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Real Practical Advice From Billionaires of the World

Updated on July 18, 2020
talesofvikram profile image

Vikram Brahma is a Digitalpreneur, Author, Blogger, Writer, & YouTuber. He loves to write content & spend time working from home.

Introduction

We all dream of becoming super-rich and it is in human nature to think about prosperity and success. As per the report currently, there are 2,095 billionaires and 46.8 million millionaires in the world.

How these people have acquired so much wealth in their lifetime? And as per report they collectively own approximately $158.3 trillion of wealth combined. Are these people are doing something different in their day to day life? What kind of rules do they follow which help them to stay ahead in life?

So, in this article, we are going to learn some of the best practical advice from these super-rich human beings.

I AM MULTI-MILLIONAIRE
I AM MULTI-MILLIONAIRE

Concentrate Only Three To Five Main Decisions Per Day

If you ask personally to any wealthy human being no one will say to do multi-tasking. These things are limited to those who are at the beginning or at the mid-level of their career. In fact, they will narrow down their daily decisions. They only focus on a few most urgent tasks on a daily basis. And they concentrate only on three to five most important decisions per day.

Of course, it takes time to reach this stage. But most of these billionaires are entrepreneurs and they have built their business eco-system such a way that they can focus on a few most urgent tasks. And these few most crucial decisions will give the best results to them.

Mr. Mukesh Ambani - Among The Top 10 Richest Person In The World
Mr. Mukesh Ambani - Among The Top 10 Richest Person In The World

Don’t Forget To Think Ahead And Create A System

If you want to become wealthy in life then you have to think like a wealthy person. Most of the billionaires of the world think ahead of their time. When most people will worry about the future because of uncertainty then wealthy mindset people will look for opportunity during this time.

These people see big problems and then they come up with suitable solutions. For example, I am not sure whether you have heard about RelWood - basically, it is an alternative solution of wood. This material is formed by bonding between the natural fibre and the polymer. It has the power to solve the problem related to the deforestation of the world. If you want to know more about it then check this RelWood website. I personally think it is a great initiative for the world by Reliance Industries Limited, guided and owned by Mr. Mukesh Ambani.

Mr. Ritesh Agarwal - Who Became A Billionaire At The Age Of 26
Mr. Ritesh Agarwal - Who Became A Billionaire At The Age Of 26

Do Your Own Research And Follow Your Guts

Most of the billionaires do their own research even before they become super-wealthy. This step differentiates them from any normal human being. For example, take the case of Mr. Ritesh Agrawal of OYO fame, who is one of the youngest billionaires in the world.

During his initial stage, he identified one basic problem related to small hoteliers. Then he did his own research and came up with solutions. His understanding and solutions worked for hoteliers.

But he didn’t stop with just one hotel, he simply replicated his solutions with a large number of hotels around the world. Although I understand due to coronavirus and lock down the hospitality, travel and the tourism industry is suffering tremendously. But Mr Ritesh Agrawal and his business proved that it’s possible to become a billionaire at the young age of 26.

Start Small And Build It Big As You Progress

Most of the billionaires and their business empire what we see today had a small start. For example, Amazon, HP, Google, Apple and even Microsoft, although they are multi-billion top world-famous IT companies, they were all started in the garage. Every great company had a small start but as they progressed they became the giants in their respective domain.

Again if we take the case of Mr. Ritesh Agrawal, he simply started with just one hotel in Gurgaon. As he progressed, he raised funds from angel investors and today OYO is the third-largest hotel chain in the world, spanning their business in more than 800 cities around the globe.

They Never Ignore Health And Get A Full Night Rest

Mentally wealthy and strong people create a different kind of mindset. They give more importance to their work and results but they never ignore their health. These people know that they can take far greater risk in life if they keep themselves healthy and fit. So, it’s my personal advice as a friend never ever ignore your health.

Having good health is a miracle and a blessing. If you ignore your health you will lose far great opportunities to enjoy life to the fullest. Give importance to what you eat and then enjoy your work in the best possible manner.

Conclusion

It is very important that we should read the stories of successful people if we want to become successful in life. We can learn a great number of life’s lessons from their career. Not only we can learn from their success stories but we can also learn from their failures. By reading this article, this looks easy but remember we need to spend lots of time, hard work, dedication and have a disciplined life to achieve this goal. Apart from these, there are many more suggestions from these billionaires.

Although there are a large number of billionaires around the world, I am a great fan of Mr. Ratan Tata and Mr. Elon Musk. I hope you have liked this article in which I have shared a few amazing advice from the real-time billionaires. See you at the top.

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2020 Vikram Brahma

Comments

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    • talesofvikram profile imageAUTHOR

      Vikram Brahma 

      12 months ago from Assam, India

      Thank you, Eric. Yes, it's true we can learn so much from such people. Thank you for your positive comments.

    • Ericdierker profile image

      Eric Dierker 

      12 months ago from Spring Valley, CA. U.S.A.

      I like it. We can learn so much from such people. You did a nice job of laying it out.

    • talesofvikram profile imageAUTHOR

      Vikram Brahma 

      12 months ago from Assam, India

      Thank you Poonam ma'am for your support and appreciation. I will try to come up with more such information. Yes in some cases we need to do multi-tasking. Thanks for your comments.

    • Poonam-Malik profile image

      POONAM MALIK 

      12 months ago from Faridabad

      You and your ideas are truly awesome. It is indeed inspiring to read about billionaires. And about multi-tasking, I feel it is necessary only in some situations.

      Wish to know more about Ratan Tata.

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