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.
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.
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).
Whenever you start to do something in a field (that you love), you feel interested initially and you put in all your effort. But after some time, you lose interest and stop doing it although you still love it.
Today, I want to share with you:
how to solve the dilemma of “multiple passions” and find your calling.
why there’s massive, disproportionate reward with being the best in the world.
how to get there without burning out because you can even if you’re passionate about it.
The Dilemma of Multiple Interests and How To Tackle It
Ever since I found about the “Follow Your Passion” movement a few years ago, I struggled because I thought I had multiple interests and believed it was a bad thing. It seemed like successful people only had one interest and focused on that interest for decades until they got rich. I was told that you have to focus on one interest because no one has ever become successful at multiple skills except for once-in-a-millenium freaks like Leonardo DaVinci, Ben Franklin, and Arnold Schwarzenegger.
But it was so hard to restrain myself. I had dozens of interests, like video games, YouTube, manga, anime, personal development, business economics, music, and so on.
Now, there are a couple of TED Talks that argue that people like us have their own label. We are called “multipotentialites” or “polymaths.” They argue we should be proud of who we are and the world needs us.
And by definition, they’re some of the best at time management. They’re bombarded with thousands of emails. They have a thousand things they could do: meet with an employee, schedule a meeting, find a new marketing strategy, work on a product design, etc.
How do they choose what’s most important and still effectively build their wealth to $10,000 per day or more?
It’s not a “myth” that people succeed because they’re more productive.
The female billionaire Sheryl Sandberg has stated in her books that she made sure to leave work at 5:30 every day because her children were a priority.
Richard Branson has over 400 companies to run but he still has time to kite-surf because he puts his fitness as a priority.
President Bush has a million things to do: foreign leaders to call, CIA briefings to read, voters to please, and so on. Yet he was able to still read 95 books in a year: more than most people ever read.
Doug Conant, CEO of Campbell Soup, sent 20 handwritten thank you notes a day while running a Fortune 500 company.
I stumbled across a book called 15 Secrets Successful People Know About Time Management: The Productivity Habits of 7 Billionaires, 13 Olympic Athletes, 29 Straight-A Students, and 239 Entrepreneurs.
It has the longest title I’ve seen in a while. And I think it’ll help you uncover some secrets of time management.
Here are the top tips on billionaire productivity tips I know (which I learned from this book and all the other videos and podcasts I consumed):
If you could only read 10 books for the rest of your life, what would they be?
Today, I took a stab at answering this tough question. I thought it’s a great one because the limitation it places on you really forces you to cut the fat.
Obviously, this list will differ if your goals are different. I tried to answer the question by targeting books that will make you wiser, happier, richer, healthier, and more fulfilled when you die. Therefore, these books are not the best for solving niche goals, like becoming a top athlete, famous musician, or self-actualized individual.
As far as why you should listen to me, I’ve gone through hundreds of books and have a much more thorough knowledge of the self-help book universe than 99% of people alive.
There were plenty of books I wanted to add to this list that unfortunately didn’t make the cut. But if you’re strapped for time, this list will do you good. Click play on the player below to listen to my podcast episode and which books I chose: