HOW TO THINK LIKE A BILLIONAIRE
-AJAERO TONY MARTINS
Do you want to learn how
to think like a billionaire? What mindset do the successful entrepreneurs and
drop out billionaires possess that others don’t? Do you know that the thinking
capacity of millionaires differ from that of billionaires?
What is the thinking
pattern of billionaires such as Mark Zuckerberg, Richard Branson, Donald Trump,
Steve Jobs, Bill Gates, Larry Ellison, Oprah Winfrey, Aliko Dangote, Warren
Buffett and others? Do you want to develop the billionaire mindset? If your answer to the last question is yes, then please
read on because this article is for you.
“When we direct our thoughts properly,
we can control our emotions.” – W. Clement Stone
In this article, I will be explaining
in detail how you can develop your mindset, control your thoughts and
ultimately think like a billionaire. Now why should you think like a
billionaire? I believe you are entitled to your thinking pattern but it is also
worthwhile you know that your pattern of thinking will definitely affect your
level of achievement in life.
“All personal achievements start in
your mind. The first step is to know exactly what your problem, goal or desire
is.” – W. Clement Stone
Why you need to think like a billionaire
Have you observed that your state of
mind or your perception is directly proportional to your status in life? What I
am trying to say in essence is that if you think like a millionaire, you will
become a millionaire and if you decide to increase your thinking capacity to
the billionaire level; you will ultimately become a billionaire.
That’s why Donald Trump wrote a book
titled “How to think like a billionaire” because he knows the
importance of the human thinking pattern to the process of achieving anything
in life and that’s why the bible states that
“As a man thinketh in his heart, so he
is.” – The Holy Bible
The mindset of a millionaire will
never put you in the position of a billionaire; period. That’s the reason why I
am emphasizing you develop your mindset. I have seen entrepreneurs turn down a
$100,000 startup capital simply because all they need is a seed capital of
$30,000. Their rejection of the $100,000 capital has nothing to do with
financial prudence; it’s all about the mindset. They’ve not trained their
mindset to go beyond their financial capacity and that’s why they will remain
average.
I have also seen accidental
millionaires who got lucky and won the lottery to the tune of millions. After
several years, they are back to square one; living from hand to mouth. I have
also seen people come into an inheritance of millions only to lose it all. Are
these set of individuals doomed to be failures? My answer is a resounding
no. The only problem they’ve got is their state of mind; they lack the right
mindset to handle their change in financial position.
That’s why I wrote this article for
you; I wrote this article to challenge you to develop your mindset by going
beyond your present thinking pattern to a higher level. So if you are ready to
develop your mindset and think like a billionaire, if you are prepared to go
beyond your present thinking capacity; then please read on as I share with you
five strategic steps to developing your mindset.
How
to Think like a Billionaire
1. Have a Strong Desire
to Develop your Mindset
“You have to act and act now.” – Larry
Ellison
The first step to developing your
mindset positive is to strongly desire it. You must see the need to develop
your mindset positively and increase your thinking capacity. You must also be
willing to go through the process and the process is definitely not going to be
easy because it entails a change of perception and core values.
Just as entrepreneurs go through the
entrepreneurial process; so will you need go through the mindset development
process. Once you identify the need to develop your mindset and you desire it
so strongly, you will successfully go through the process and a new world will
open to you.
“Failure is just a resting place. It
is an opportunity to begin again more intelligently.” – Henry Ford
This is another distinct core value
that separates the average individuals and millionaires from billionaires.
- How do you handle failure?
- How do you react in the face of failure?
- Do you fear failure or do you embrace failure as a learning opportunity?
Your answer to these questions will
help you determine if you are thinking in the pattern of the billionaires or
mediocre.
“If I lose a billion dollars, I will
have it back in less than five years.” – Henry Ford
To develop you mindset and think like
a billionaire, you must change your perception towards failure. You must stop
avoiding failure and you must not see failure as a sign of incompetence or
defeat. Instead, you must see failure as a learning opportunity; you must
embrace failure as an opportunity to learn something you never knew.
“Only those who are asleep make no
mistakes.” – Ingvar Kamprad
Has there been any
billionaire without a stint of failure? My answer is a resounding no. All the billionaires I can think of has
been through some sort of failure; from Donald Trump, Henry Ford, John D.
Rockefeller, J. Paul Getty to Bill Gates, Oprah Winfrey, Larry Ellison, Ray
Kroc and Sam Walton. So if you want to join the league of billionaires; then
you must embrace failure and take giants strides without the fear of failure.
“I have not failed. I have just found
10,000 ways that won’t work.” – Thomas Edison
3. Increase your Risk
Bearing Capacity
Risk bearing capacity is another
critical difference between the average individuals, the millionaires and the
self made billionaires. Show me a billionaire that avoids risk and maybe I will
show someone who became a billionaire by inheritance. What I am trying to
explain in essence is that there is no self made billionaire who started from
scratch that made it without taking a certain amount of risk.
“You must take risks, both with your
own money or with borrowed money. Risk taking is essential to business growth.”
– J. Paul Getty
So if you are going to develop the
mindset of billionaires, then you must increase your risk bearing capacity.
- How willing are you to take risk?
- Do you avoid risk?
- How do you react when presented with a business or investment opportunity?
Your answer to these questions will
determine if you will hit the billionaire status or not. Now how do
billionaires handle risk? In the world of business and investing, it’s a
known fact that risk can never be completely eliminated. Risk is part of the
game of money and billionaires know that the chances of success or failure in
any investment is 50 – 50.
But instead of billionaires shying
away from promising investments, what they do is to assemble a business team
and put up a strong risk management policy. Billionaires don’t fear risk,
instead; they act with a hedge to curtail their risk factor. So if you are
going to think like a billionaire, then you have to develop your mindset to
handle risk.
“Without the element of uncertainty,
the bringing off of even, the greatest business triumph would be dull, routine
and eminently unsatisfying.” – J. Paul Getty
4. Model your Thoughts
after the Billionaires
This article was specifically written
to help you develop your mindset and think like a billionaire but before I
share with you tips on how you can model your thoughts after the billionaires,
I want to ask the following questions.
- Do you think big?
- What do you do in the face of challenges?
- Are you an optimist or pessimist?
- Do you have a billionaire mentor or role model?
The questions I asked above are not
for fun; their answers hold the pattern your thoughts will flow towards. To
model your thoughts after billionaires, you must put yourself in the shoes of
the billionaires when faced with problem or challenges.
“I like thinking big. If you’re going
to be thinking anything, you might as well think big.” – Donald Trump
For instance, when I am presented with
a business opportunity that looks a bit risky; all I do is to simply close my
eyes and ask myself:
“What would Richard Branson do if
presented with this business opportunity posing as a problem.”
This is exactly the strategy I use to
model my thoughts after billionaires. When negotiating a deal, I think Donald
Trump and when it comes shrewd cash flow management or critical resource
management; I think Ingvar Kamprad. So if you are going to develop your mindset
and think like the billionaires; then you must model your thoughts and actions
like those of billionaires.
Do you know what set
billionaires apart from the average individuals and millionaires? Well, I am going tell you. Billionaires are problem
solvers; not just any problem but complex problems. Billionaires became
billionaires because they seek out problems that others don’t want to be
involved with. They move in when other are fleeing; they buy when others are
screaming “the sky is falling.”
“The way to make money is to buy when
blood is running in the streets.” – John D. Rockefeller
“Buy when everyone else is selling and
hold when everyone else is buying. This is not merely a catchy slogan. It is
the very essence of successful investments.” – J. Paul Getty
Critical problem solving is the
ultimate reason why poverty stricken individuals like Andrew Carnegie and Henry
Ford rose to become billionaires. Take a look at the billionaires of today and
you will see that they strive to solve problems that we don’t want to be
associated with.
Bill Gates and Larry Ellison are
experts at solving software problems; Donald Trump is an expert at solving
housing problems or Real estate problems and George Soros, Sir John Templeton
and Peter Lynch are experts at handling stock market volatility. J. Paul Getty
and John D. Rockefeller solved the problem of oil drilling and distribution.
Henry Ford solved the problem of automobiles affordability, Andrew Carnegie
solved the problem of mass production of steel.
“In the end, you are measured not by
how much you undertake but by what you finally accomplished.” – Donald Trump
That’s brings me to the last questions
of this article:
“What are you an expert at? What
problems are you good at solving?
If you are going to become a
billionaire, then you must think like a billionaire and thinking like a
billionaire entails that you must be good at solving other people’s problems.
So when others are screaming “stay away, the end is near,” you
should instead be asking yourself; “what can I do to address the
situation.”
This pattern of thinking is called the
process of “turning lead into gold” by the ancient alchemists. So if you
want to develop the mindset of billionaires; then become a critical problem
solver and your financial status will never remain the same.
“Behind every adversity is an
opportunity. If you lament over the adversity, you will miss the opportunity.”
– Ajaero Tony Martins
As a final note, I want you to know
that becoming anything in life begins with the mind. So if you want to change
your thinking pattern to those of billionaires, then implement the steps above
and I will see you at the top.
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