People who are working towards their financial goals each day will often wonder what it takes to be a billionaire. We are often led to believe that billionaires are differentRead More
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]]>People who are working towards their financial goals each day will often wonder what it takes to be a billionaire. We are often led to believe that billionaires are different types of people, who are only wealthy because they inherited generational wealth or knew high powered investors during the early stages of their career.
What these people do not know is that billionaires are normal, everyday people just like the rest of us. While some may have inherent advantages, there are several attributes of a billionaire that can be ascribed to most, as well as normal, working class people.
Here are 7 successful attributes of a billionaire shared by many expert authors on The Entrepreneurs Library:
When you research any billionaire’s life story, a common theme emerges. They were willing to outwork everyone else and remained focus, even in the face on extreme adversity. Some would like to believe that becoming a billionaire is the product of luck and genetics, but those who have actually done their homework know that this is not true.
A billionaire does not sleep in until noon. They are up before their competitors and constantly seek out new advantages, so that they can remain ahead of those who are pursuing the same goals. Everyone wants to be a billionaire, but very few are willing to put in the work necessary to do so.
Great book on building work ethics: 13 Things Mentally Strong People Don’t Do by Amy Morin
Once a person decides that their goal is to accrue a billion dollars, they know that this is a long term goal, not a short term pursuit. Being able to keep their eyes on the prize and not be deterred by setbacks is what separates a billionaire from the pack. They know that there will be issues that arise along the way and they do not allow themselves to become frazzled by them.
Without patience, it is incredibly difficult to become a billionaire. No one ever has a smooth path to their goals and financial pursuits are no different. Being blessed with the patience to realize that there is a solution to every problem and knowing whether you need to stay the course is incredibly crucial when you are on the road to riches.
Great book on managing patience and stress: Performing Under Pressure by Hendrie Weisinger
This is the attribute that confuses those who are not already billionaires themselves. Since someone has more money than they can spend, it seems somewhat foolish to let it sit in a bank account. But it is more crucial for a billionaire to have assets on hand to make transactions that can boost their financial status even further.
It takes money to make money in the modern business world. While it may be fun to blow your new earnings on a mansion, a fleet of luxury cars and a private jet, these are all items that depreciate in value the moment they are purchased. A billionaire is focused on remaining a billionaire does not make these types of purchases. They realize the importance of having liquid assets at the ready.
Great book on building wealth: Get Rich with Dividends by Marc Lichtenfeld
In order to become a billionaire, you need a new and interesting idea, a fresh take on things. One person’s route to earning a billion dollars is not going to be the same as the next person’s. To capture the attention the public, you need to think about the voids that exist in everyday life and find a way to fill them.
A person cannot come up with an inventive plan by thinking just like everyone else. They need to think outside of the box, which is an attribute shared by most billionaires. They know how to think differently than their peers and will zig when most have decided to zag.
Great book on innovation and creativity: Anticipate by Rob-Jan de Jong
Being insightful is about more than being book smart. Being insightful is all about knowing how to read people and deliver what they want. An insightful billionaire is one who knows that their wealth is not the be all/end all. They are constantly searching for ways to remain in tune with the world around them.
Once a person ceases to be insightful, they are no longer as useful to their clientele. A person with lack of insight is a person who does not have their finger on the pulse of what is currently happening in the world.
Great book on being insightful: Credibility by James Kouzes
Becoming a billionaire does not happen because the person decided to stand pat and stop taking risks of any kind. It happened because they were willing to stick their neck out for a cause that they truly believed in. Billionaires do not sit around and wait for things to happen, they make things happen.
The only way to make things happen is to take risks. This does not mean that a billionaire simply lunges at the first opportunity that comes their way. These risks are typically taken in a calculated manner and considered from every angle. Taking risks is a foolish endeavor when they are not properly considered beforehand.
Great book on taking smart risks: The Metronome Effect by Shannon Susko
What gets a billionaire through the hard times? Their unwavering belief in themselves. A person who has an unshakable belief in themselves can conquer any problem that comes along and reach any goal that they set for themselves. They do not wait for pep talks from close friends or read self help books.
They simply dig down deep within and find courage in places that they did not even know existed. They do not allow naysayers to deter them in any way and they know that everything they are doing is done with a purpose in mind.
Great book on confidence: Top Dog: Impress and Influence Everyone Around You by Andy Bounds
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]]>A summary of things you should know about 13 Things Mentally Strong People Don’t Do according to Amy Morin: Introduction In this episode Amy Morin reveals all her insights onRead More
The post A Preview of 13 Things Mentally Strong People Don’t Do with Amy Morin appeared first on The Entrepreneurs Library.
]]>In this episode Amy Morin reveals all her insights on 13 Things Mentally Strong People Don’t Do where she helps you train your brain for success and happiness.
In her book Morin combines interesting stories with simple solutions that will take your outlook on life to the next level when it comes to health, wealth, and relationships. The goal of the book is to teach you how to overcome the bad habits that suppress success, how to strengthen your mental capacity, how to cope with the setbacks of life, and how to avoid negative behaviors.
This book is perfect for entrepreneurs that are tired of feeling sorry for their selves, being jealous of other people’s success, and holding personal grudges from failure.
There are some other books on mental toughness but I found that a lot of times a lot of people focus on being tough instead of acting strong. I don’t know of any other books on the market that are specifically about mental strength and how to become stronger regardless of whether your goal is to become strong in your personal life or your business.
My book is divided up into 13 chapters, one chapter for each of those 13 things. I find that some people focus specifically on the chapter that affects them most but you can very well read straight through.
The biggest thing is to change the way we think. We know that if people want to change the way we feel we have to change how we think and change how we behave. One simple way to do that is to practice gratitude on a regular basis.
My book starts out with the introduction which gives a little about my personal journey and the story behind it. And it also gives an overview of what mental strength really is and explains why I talk about what mentally strong people don’t do.
From there we dive into the 13 chapters which focus on each of the 13 things. The first one is that mentally strong people don’t waste time feeling sorry for themselves. For every moment you spend focusing on the problem you can’t look at a solution and it keeps you stuck and you don’t move forward.
Chapter two talks about how mentally strong people don’t give away their power. And by that I mean it’s a combination of emotions and blame other people for the things we do. Sometimes just changing our language and the way we view things can make a big difference in recognizing the choices we have in everyday life.
Chapter three is that mentally strong people don’t shy away from change. We all like to stay in our comfort zones but when we do that we don’t grow better and take on new opportunities and become the people we won’t to be in life.
Chapter four is that mentally strong people don’t waste energy on things they can’t control. If we put our energy into the things we can control we’d be much better prepared for if something bad does happen.
Chapter five is that mentally strong people don’t worry about pleasing everyone. So often I think it becomes a problem where people lose sight of their values.
Chapter six is about how mentally strong people don’t fear taking calculated risks. You need to figure out how to accurately calculate the real risk and when you do that you can’t make choices that aren’t so scary anymore.
Chapter seven is that mentally strong people don’t dwell on the past. The solution is to figure out how to make peace with the past and sometimes that’s a matter of letting go or forgiving.
Chapter eight is about how they don’t make the same mistakes over and over. We all know that it would be great if we learned from our mistakes the first time but sadly we don’t and so it’s all about figuring out how to learn from each one.
Chapter nine is that mentally strong people don’t resent other peoples success. It’s usually easy to be happy for other people when you are on top but when you feel like you are on the bottom it seems to be a lot harder to be happy for others.
Chapter ten is that mentally strong people don’t give up after their first failure.
Chapter eleven is that mentally strong people don’t fear alone time and what I mean by that it’s really about being alone with your thoughts.
Chapter twelve is that mentally strong people don’t feel that the world owes them anything.
Finally, chapter thirteen is about how mentally strong people don’t expect immediate results.
At the end of the book we have a conclusion that explains how to move forward and how to keep building mental strength on a daily basis.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 06:56
“Never allow inaccurate beliefs about yourself to hold you back from reaching your greatest potential.” – Amy Morin
I am a license clinical social worker and psychotherapist. I am also a college psychology instructor and a few years ago I started writing articles for the web and now I write for places like Forbes and Psychology Today.
It had started out as an article and then morphed into a book from there. The reason I had written the article was because of some personal issues that were going on in my life. As a therapist I inherently was interested in psychology and mental strength in general but back in 2003 my journey became personal. I had just bought my first house, I was married and things were looking good when my mother passed away suddenly from a brain aneurism and I had to figure out how to publicly help people still deal with their problems when I am very privately grieving. And if you fast forward to three more years my 26 year old husband died suddenly of a heart attack and again had to figure out how to go to work to help people with the same problems that I was facing. I knew then that I had to sort out the things and tools I needed to do to become the very best that I can so that I can balance these two things in my life. If you fast forward a few more years things were looking up and I decided to get remarried but shortly after that my father-in-law was diagnosed with terminal cancer and unlike the sudden death of my mother and husband this time I knew what was coming. That is when I sat down and wrote this list of 13 things mentally strong people don’t do to basically remind myself of the things that could hold me back in life if I allowed them to.
The Last Lecture by Randy Pausch
Buy 13 Things Mentally Strong People Don’t Do by Amy Morin on Amazon today
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Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
Unstoppable by Pete Wilkinson
Mindset: The New Psychology of Success by Carol Dweck
Inside Job by Mark Sephton
Relevant advice and tips:
10 Bad Habits That Successful People Avoid
8 Resolutions For Improving Your Health And Happiness
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The post A Preview of 13 Things Mentally Strong People Don’t Do with Amy Morin appeared first on The Entrepreneurs Library.
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