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.
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.
If you haven’t heard of Ramit Sethi, he runs a blog and company at Iwillteachyoutoberich.com. He teaches Millenials in their twenties and thirties how to earn money on the side as a freelancer, get their dream job, and/or start an online business.
This is the story of how I spent over $2,000 on his online course, Dream Job. It’s also my brutally honest review on if it was worth it. Maybe Ramit would kill me if he saw this, but I thought it’s best to be honest as a consumer; I have my right to be.
Perhaps, it’s best to start my story at the point where my emotions were highest…
Before I Bought the Dream Job Course: Desperate, Frustrated, & DisIllusioned
Before I bought Ramit’s Dream Job course, I was at one of the toughest times in my life. I was frustrated and confused with getting any job and I was getting desperate, which wouldn’t make sense if you knew how academically-focused I was in school right before.
I was taking some of the hardest classes out there. I was used to a rigorous workload and schedule. In high school, I spent hours a day preparing for SAT, practicing piano, running track, and doing homework for advanced placement classes. In college, it was a similar story. Yet the job market wasn’t rewarding me for it.
Two years after college, I was working as a waiter and still looking for work. How is this possible?
For the longest time, I felt like it was way too late to make an impact on the world and become successful.
I am ambitious and I wanted to be really successful. But the news made it seem like if you did not become a singer, actress, or tech entrepreneur by the time you were 21, it was over. It turns out I’m not the only one. A lot of other people (some into their 40’s) think it’s too late.
But then I got into personal development and did some research. I studied hundreds of the world’s most successful people and I was startled at what I found.
It’s not true at all. When you think it is all over, it’s really just the beginning of an incredible journey.
Get Excited. The Best Years of Your Life Are Ahead.