I was watched this video by Tony Robbins and it sent chills down my spine. Start this video at around 8:00.
The Too Long Didn’t Watch of it is that he’s known TONS of people who made millions of dollars but ended up broke and bankrupt. He mentioned examples like the highest paid actress of her time, a top actor in The Godfather, Marvin Gaye, Michael Jackson, a top athlete from the Boston Red Sox, Floyd Mayweather, and Mike Tyson who made $500 million.
How is that possible?
It’s quite simple. They spent more than they earned rather than saving and investing their money.
There’s so many more I know of that he didn’t mention like the rapper 50 Cent or the teen singer, Aaron Carter, who made $100 million before 21. Tony said that he learned that Floyd Mayweather literally would spend every cent he would make after he earned it from a fight and repeat.
Saving money is more important than ever now that we’re bombarded with peers showing off their excessive spending on social media and because we live much longer than ever before after retirement.
And the key to doing so is a concept called paying yourself first.
If you read all of these, you will not come out the same person you came in (and I mean in a good way).
Here is a list of all the books written by Billionaires.
I have looked all over the Internet for a list and I have yet to find a list that even comes close to what I’ve compiled here. The reason is simply because no one seems to be as plugged into the billionaire universe and the books out there as me. Nor have many people set out a goal to read most or any of them.
Note: Richard Branson made a good point in his book that news and internet estimates of net worth are usually wildly off in both directions. I tried my best with this list by giving more weight to people many magnitudes over a billion and people who are obvious (Bill Gates or Phil Knight, founder of Nike). Finally, I also put more weight on the only two net worth sources I trust: Forbes Net Worth Billionaire List and Fortune.
If you know of a book by a billionaire not on this list, leave a comment. I will keep updating this page.
I’m a big fan of the billionaire, S. Truett Cathy. But most people don’t even know who he is (He’s the founder of Chick Fil A). I’ve loved going to his stores for over a decade. Truett’s book It’s Easier to Succeed Than To Fail, where a billionaire lays down his secrets to successis one of those rare gems. It’s a must-read and huge opportunity that most people are missing out on.
Outside of his wealth, Chick Fil A still has one of the best customer experiences out of all the fast food places I’ve visited. They still carry out the food to your table when you dine in. On top of all of this, they still remain closed on Sundays for religious reasons, which turns away millions of dollars in sales and lets their competitors get ahead. I think this is admirable because it shows that money isn’t everything and you have to commit your values straight.
When I dove into this book, I was amazed at how humble and simple of a man he was. His lessons on gratitude and living life go far beyond just making money; they touch on something even more important.
Watch this video and discover three big lessons I learned from the book. You will learn:
why “easier” is not the same as “easy.”
a secret to making billions of dollars.
why time and life are more precious than money through a deeply personal story.
Once you had a chance to watch, I’d love to hear from you. In the comments below, let me know what’s the most useful insight you took away from the video and what is one specific action you can take now to put it into practice?
Please share as much detail as possible in your reply. Tons of people come here everyday for help and your story may be just what they need to have a breakthrough.
Thanks again for sharing your positive vibes and making this tiny hangout one of the coolest, most game-changing places out there.
-Will
P.S. if you know one or two people who would find this valuable, please share this with them.
P.P.S. there are some cool facts about Chick Fil A I learned from the book that I have to share with you…
How did Chick Fil A get its name? The sandwich. It wasn’t anything innovative. He named it after the Chicken Fillet sandwich he invented; it’s as simple as that and he’s never changed it.
Where did Chick Fil A’s logo come from? That red chicken logo has been there since the start. Similar to what Phil Knight did with Nike, that logo was bought for pennies on the dollar from a random graphic designer. He never ended up changing it. It just goes to show you that the logo doesn’t matter nearly as much as people think. I think it’s retarded when people start a company and waste thousands of dollars trying to get the right logo; you can figure that out later (or it may be good enough already and never worth changing). For Phil, he didn’t even like the checkmark logo. But it stuck!
Have you ever wondered what the #1 key to success is?
I was reading the book 15 Secrets Successful People Know About Time Management and I think it finally clicked.
The book interviewed a billionaire who said that what set him apart from others wasn’t his intelligence, but his willpower. It was his willpower to commit and do the things he set out to do.
Why Willpower Matters
So why else is willpower (also known as self-control) important, other than just because a billionaire said it helped him earn more money?
Two Australian psychologists, Meg Oaten and Ken Cheng, have your answer. They found that exercising self-control in one area of life helps improve all areas of life that require willpower. They found this by having numerous test groups who all had different willpower-themed exercises:
money-management and budgeting.
studying and concentration.
exercise and fitness.
Afterwards, they tested the students and found that they performed better on all the willpower tests in each of the areas even though they only worked on one of them. They worked out more, studied more diligently, and spent less impulsively.
I’m going to share with you one central concept mentioned by billionaires to help you succeed in business.
It’s simple and yet no one really emphasizes it. In fact, if you quizzed any business owners, they couldn’t give you an instant answer (even though they should).
What is it?
I call it the priority hierarchy:
Customers first, then employees, then investors.
A lot of billionaires are very clear on who they should serve and take care of first and foremost. And I think it’s central to the success of their business.
Here’s what average and mediocre businesses do:
They don’t care about any of this. They treat everyone the same: horribly.
They treat their employees, customers, and everyone else really bad.
They don’t bother to read articles like this.
You’re not like that. Good for you!
Now how do we understand this to operate on a higher level?
When I was in school, I was a beast. I was juggling ALL advanced placement courses, practicing one to two hours of piano for competition, studying hours for the SAT, and running track … all in one night. Yet it was one of the most productive, fulfilling, and exciting times of my life. Why?
Because most people don’t realize the opportunity in hacking studying. Studying is an art form that can be improved and used not only for school, but also for modeling masters when you enter the corporate world.
You will learn in this audio podcast episode how to study effectively (hint: all you need is to use a secret tactic during lunch time).
Thanks for Listening!
With most skills or goals in life, there is a proven pattern of success that has worked most effectively so far in life. If you want to earn more and perform at a higher level, there are tricks for that. For studying, I’ve gone into detail on this. But if you want some bonus tips specifically for school, check out my video below:
To share your thoughts, leave a note in the comment section below and I’ll try to respond.
To help out the Podcast Audio show:
Leave an honest review on iTunes. Your rating and review really helps and I read each one.
A few years ago, I discovered the world of online dating advice. At the time, I felt like I had discovered a super power. Until that point, I thought that your success with women was fixed and there was nothing you could do about it. Finding out there were techniques I could use immediately to improve was like discovering the holy grail.
Unfortunately, these tactics and “blueprints” were horrible. They were inaccurate and produced few results. Dating coaches and pick up artists claimed to have found the “science of attraction” but it was a pseudoscience at best. They really just shot at the dark and taught what worked. It was far from a rigorous scientific process.
Now, that has changed. In the last two decades, tons of new experiments have been done by actual scientists on attraction. There is a lot more data you can trust and the results can be counter-intuitive. This is the men’s dating guide I wish I received years ago. And it’s all here for you for free.
The lessons I learned and will share come from a book called Mate: Become the Man Women Want. The book is based on extensive research on into evolutionary biology and mating. A man who is really good with women (Tucker Max) partnered up with a Ph.D. to go through thousands of shocking studies.
Humans are lucky creatures because there are so many areas (behavioral, social, fitness, mental health, fashion, etc.) we can improve. Other animals are screwed with what they were born with (like how long their antlers are).
How do you overcome procrastination? We all have it. We all want to fix it. We all hate it. Yet we still find ourselves putting off what we know we should be doing to do something more fun (but less productive).
I’ve poured over advice from the world’s most successful people on this topic, like Brian Tracy. And want to provide you with some tips.
We all procrastinate, even multi-millionaires and billionaires have admitted to procrastinating. Matt Lloyd of MOBE, a mult-millionaire, admitted he still catches himself on Facebook from time to time. Warren Buffett admitted in the 2016 Annual Shareholders Meeting that he put off firing someone with Alzheimers for too long because he liked him.
