The habit stack of super wealthy people

 

Super wealthy people have the following nine habits in common:

 Habit #1: Monomaniacal Focus

 At a time when the majority is suffering from Broken Focus Syndrome, the money moguls have developed the magnificent ability to concentrate almost completely, on the near-flawless execution of the few projects that will make their echical ambitions real. When they work, they do real work versus fake work and understand the uselessness of being busy. And wasting hours of their finest days mindlessly browsing online or following trivial pursuits.

 

Habit #2: Undefeatable Positivity

Financial titans are unbreakable optimists. They value a better world because of their innovations and hope for a richer future because of their inventions. They are masters of entrepreneurship instead of entitlement, really believing that their creativity, productivity, teamwork and contributions to their industry are dramatically more essential to their success than having a fortunate destiny or getting lucky.

 

Habit #3: Unique Unorthodoxy. They really do see what we all see yet think what few dare. They avoid the attraction to copying Such individuals are profoundly imaginative, dreaming up extraordinary plans for new ventures that disrupt existing enterprises and deliver fresh benefits to millions of consumers. They know that unless they are being called crazy a lot they are not dreaming big enough. And they pretty much couldn't care less about the disapproval of others.

Habit #4: Extreme Resolve.

They stay with their high-value targets through the storms of criticism, the attacks of vicious critics and the aching bouts of self-doubt. Much like that dog with a bone, these movement-makers have habituated (by training) the traits of resilence and persistence and the superhuman determination to finish what they start. Billionaires have built the ability to take great pin. And keep on going forever.

 

Habit #5: Intelligent Risk-Taking.

Magnates are not at all foolish when it comes to seizing opportunity and maximizing victory. Not at all Instead, they are masters of "hedged risk-taking." They take risks that have a very high chance of turning into massive wins. A key here is to remember "no ask, no get" and "zero risk, zero reward."

 

Habit #6: Managed Perfectionism.

Yes these souls are mostly asolute perfectionists. If they are founders of a hotel chain they just might delay the opening of a new property for two months if the marble they ordered for the restaurant is not the precise color. If they are a tech company founder they'll insist on getting the product to Mona Lisa level exquisiteness before it's released (Steve Jobs wanted the icons on the iPhone to be so magical users would want to lick the screen). If they are entertainment virtuosos, they'll be relentless in making sure that their film or album is astonishingly well made, no matter how much they have to suffer to get the job done.

 

Habit #7: Leader Building.

Great leaders build more leaders. (Read that twice, please, because if you're not growing more leaders then you are not leading one of the top ways to financial sovereigns scale their fortunes is by exploiting leverage. And that's not only leveraging in terms of "good debt"; what l really meant is leverage through the honest development of leadership talent of the people around you. As you grow more leaders who can execute on your mighty mission with military-like mastery you are freed up to do only what you do best (and love most). You just cant do it alone. And the greater your dream, the more important it becomes to build a world-class team.

 

Habit #8: Solution Orientation.

Many people focus on the Problem in front of them instead of the solution waiting to find them. (Every problem carries with it a solution, even if you cant see it right away.) This trait is due to the negativity bias of the human brain we explored earlier in our time together, a trait that served as well tens of thousands of years ago when each day provided deadly threats of starvation, or attack by animals or warring tribes. Money masters have patiently programmed themselves, through consistency daily practice, to constantly look for the opportunity within each difficulty and the solution inside every challenge. Do remember that a problem only becomes a problem when viewed as a problem

 

Habit #9: Sustained Helpfulness.

You now know well that money is the reward delivered for usefulness rendered. Barons pick businesses that raise the lives of billions of human beings. Which, in turn, makes them billions in income. It's very hard to have economic prosperity when you select an opportunity that offers little chance of impact.

Hope my sharing of these nine traits of top moguls is useful to your growth.

 

 

 

Culled from:  ‘The habit stack of super wealthy people” by Robin Sharma