Billionaires are all different. They all made their money in different ways. However, there is one thing they all have in common. They understand what it takes to be successful.
If you are going to take advice from a stranger on the internet, you might as well take it from people who understand success.
Money won’t make you happy
“Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.”
Money makes you happier when you have none. However, once you have enough to cover your basic expenses, it stops being all that helpful.
Past a certain point, all money does is reveal more of who you are. If you are a jerk, you will use your money in negative ways. If you are a generous person, you will use your money to help others.
Money is important and helpful, just don’t expect it to fundamentally change you as a person.
You don’t know everything
“People who are right most of the time are people who change their minds often.”
No matter how smart you get, you will never know everything. There is always more you can learn or improve on. That isn’t a bad thing. Keeping the fact that you don’t know everything in mind presents you with many opportunities to learn.
Changing your mind is not a sign of weakness. Changing your mind when presented with new knowledge is actually a sign of you getting smarter.
I know it is counterintuitive, but accepting that you’re not as smart as you think will actually make you smarter in the long run.
Try more things
“If you double the number of experiments you do per year you’re going to double your inventiveness.”
Ideas are great. Planning is great and also necessary. However, nothing compares to actually doing something. Action is the only thing that produces real-world results.
Not only is it ok to not be perfect, but it is also actually better that you aren’t. That way, you can do something, make mistakes, then improve on it next time. So do more things, fail more, and improve the process. That is how you accomplish more in the long run.
“The biggest risk is not taking any risk.”
There are times in life when you will face problems that you don’t know how to solve. I don’t know what the solution to those problems will be. However, I know one thing that won’t be the solution. Doing nothing.
Every solution involves doing something. So when in doubt, take action. If that doesn't work, take a different action. Doing nothing is never the answer.
Work is your life
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.”
Anyone who has ever said, “It’s just a job,” was lying. There is no such thing as just a job. If you sleep 8 hours a night, that leaves 16 hours where you will be awake. 8 hours of work is half that time. It’s not just a job. It is how you spend roughly half your time.
Few people are rich enough to survive without working. Most of us need to have a job. So you might as well pick a job you like and are proud of. If that isn’t possible, at least go for a job, you don’t hate. Life is miserable when you hate something you do with half your time.
Control the controllable
“The only thing in your control is effort. That’s all, and that’s everything.”
Focusing on things that are outside of your control always leads to frustration and nothing else. No matter how hard you worry about something uncontrollable, it won’t change.
Your time is always better spent focused on things you do have control over. These changes won’t always solve the problem, but they will improve them at the very least.
Protect you reputation
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
This was true when Warren Buffett first said it, but it is even more true today. If you do 99 things right and one thing wrong, people will focus on the one bad thing. No matter how great a life you lead, losers on the internet will try to cancel you if you tweeted something wrong 10 years ago.
I don’t suggest you live in fear of making a mistake. Just keep this sad fact in mind, losers will always look for an excuse to tear you down. Please don’t make it easy on them.