Saturday, November 6, 2010

17 TRAITS OF BILLIONAIRES

1. Billionaires start small

Billionaires were not born to be billionaires. They were born like every other human but they desired to be exceptional. Sometimes, most people believe that billionaires such as Bill Gates and Mark Zuckerberg emerged overnight to become billionaires. That’s definitely not true.

2. They think Big

"I always knew I was going to be rich. I don't think I ever doubted it for a minute." – Warren Buffett

3. Billionaires take calculated risk

"To win big, you sometimes have to take big risks." – Bill Gates

4. They are competitive

"You don't have to be the biggest to beat the biggest." – Henry Ross Perot

5. They are focused

"The wise man put all his eggs in one basket and watches the basket." – Andrew Carnegie

6. They are driven by passion

"Passion is what drives me forward. Passion is what makes me go to bed at 2am and wake up at 6am.” – Aliko Dangote; the richest black man in the world

7. They are goal getters

"A good goal is like a strenuous exercise, it makes you stretch." – Mary Kay Ash

8. They thrive on criticism

"Never be ashamed! There's some who will hold it against you, but they are not worth bothering with." – J. K. Rowling

9. They have strong self imposed standards

"I am stingy and I'm proud of the reputation." – Ingvar Kamprad

10. They use debt to their advantage

"Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it." – Rich Dad

11. They are opportunists

"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

12. They use money as a means to keep score

"I don't make deals for the money. I've got enough much more than I’ll ever need. I do it to do it." – Donald Trump

13.They thrive on pressure and uncertainty

"You must not only learn to live with tension, you must seek it out. You must learn to thrive on stress." – J. Paul Getty

14. They learn quickly from mistakes

"Sometimes when you innovate, you make mistakes. It's best to admit them quickly and get on with improving your other innovations." – Steve Jobs

15. They are committed

"I'm not afraid of turning 80 and I have lots of things to do. I don't have time for dying." – Ingvar Kamprad

16. They are persistent

"Sheer persistence is the difference between success and failure." – Donald Trump

17. They believe in themselves

Don’t limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember you can achieve." – Mary Kay Ash

*Courtsey: Strategic Business Team

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