- According to Forbes there are 2,153 billionaires in the world out of the 7.8 billion
people on this planet earth. It is a tiny tiny percentage of the population. There are a lot of people, they have a lot of jealousy and resentment towards billionaires. Some have admiration's
towards billionaires. When I hear people they say
"I want to be a billionaire" or I see it on social media "Oh I'm going to be a billionaire." I don't think most people
have the slightest clue of what it takes to be a billionaire. You got to understand
we are not talking about being the one out of one
hundred or one in one thousand not even one in ten thousand, not even one in one hundred thousand. You've heard of the
saying one in a million. Well being a billionaire is
not even one in a million. It's one in a few million. You have to be that good
and that exceptional. Now here's a visual representation. Here's what $ 10,000 looks like. A small in a pile, and here's what $100,000 looks like. Not even that big of a pile. Here's what $1000,000 in cash looks like. Now you might think
$1000,000 such a big number that it will fill this
entire room with cash. That's not true actually
$1000,000 you could fit in a large bag pack. And here's $100,000,000 what it looks like. And here is what $1000,000,000 looks like. Now as you can see it is
a huge amount of money. More money than most people could imagine. Disclaimer I'm not a
billionaire but I've had the privilege of interviewing
quite a few billionaires on my podcast the Dan Lok show and I've had the fortune of
being mentored by some of them and what I'm about to
share with you today. These are simply my observations. Notes that I have jot down
in my little notebook. I've got a whole notebook
of them especially the way that they think and
their billionaire mindset and today I'm going to share
three findings with you from my little notebook. And you don't have to
buy any of these ideas. It's okay to disagree I'm
simply sharing with you what has worked for me and in my own business and in my own career. Everyone has an opinion of billionaires but most of those people have never made more than 40k a year in their life and chances are they will never
even talk to a billionaire. Billionaire mindset number one. Money is not their biggest motivator. They don't do it for the money, maybe in the beginning they did but later on think about it if your goal simply is to live a comfortable
life, a luxurious life. After a while its very
easy to lose motivation. They don't do it for the
money after a while they do it for something else. They do it to win. They do it to make a difference or they do it to disrupt an industry or they do it simply because they could. In fact I would say that
is the key difference between a millionaire
versus a billionaire. A millionaire once you reach
a certain stage of success once you are comfortable
it's easy to get complacent, right? Just like my mentor
says default is a bitch. When you are more successful
than the people around you like you know what I don't
want to work so hard anymore, right? Think about it if you are
already living in a house that you want, you are already driving
the car that you want, you are already taking a
vacation that you want, you are staying in the best hotels, you've got a comfortable life. If all your motivation
is based on just things, well you'll lose motivation real quick. From my observation to billionaires, money is simply a way
for them to keep score. Not because they are
greedy because they enjoy what they are doing and they are good at it and that's why they get paid a lot of money doing what they do. You see poor people say, well you know what if I
have that kind of money I would never work another day in my life. Well with that kind of mentality chances are that's why you will never have that kind of money. Because you are motivated
just by money itself. Steve Jobs said it best
I was worth $1000,000 when I was 23. I was worth $10,000,000 whem I was 24 and I was worth $100,000,000 when I was 25 but they are not that important anyway I never did it for the money. Billionaire mindset number two. Billionaires understand people. From my observation billionaires they have
exceptional people skills. Now some of them are great communicators. They are great public speakers. Some of them are world class
negotiators or closers. They could get deal done. They could close deals. They know how to negotiate with the banks. Now having good people skills doesn't mean that they won't be liked all the time. In fact most of them
they are not that nice. They are tough. They are tough because they
have been screwed over. They have been taken advantage of. They have been sued, right? They have been back stabbed. They have a lot of scarred tissues, right. They have a lot of heat, right. There a lot of people
wanting something from them. So they have thick skin and almost without exception they all have world
class leadership skills. They know how to lead people. They understand people. They know how to motivate people. They know how to put a team together. They understand that it takes
people to get stuff done. You need to know how
to get people together. Work together as a team and not working against each other and that is tough. I also noticed they are
willing to invest time in developing key relationships. And most of them are very generous and they are willing to help people. As long as you are sincere, that you don't have a victim,
loser entitlement mentality that you are like a blood sucking leech that you want something from them. As long as you are sincere,
they are willing to help. I'll tell you a quick story through a mutual friend in introduction. He introduced me to one
of their most successful, one of the wealthiest men
in my city in Vancouver and I got his phone number. I call him up and I say I
was introduced by a friend and I just want to seek his advice and I wonder if I can buy him lunch. And immediately I call
him in the morning he said "Sure lets do lunch cause I got some time. Why don't you come to my hotel" Cause he owns one of
those hotels in Vancouver. He said come to my hotel and I will see you in my
lobby just at lunch time. I said great. So I dressed up, I drove there and I saw him in the lobby. And he greeted me and
he was very very nice and then he said why don't
we just eat at my restaurant and cause he owns that
restaurant as well at the bottom floor of the hotel. So we went in and he
was greeted by everyone. You could see the people, the guests a lot of people know him. They are saying "Hi, how is it going?" He's shaking hands with everybody, right. Very welcoming and we
sat down and we had lunch and I was asking him, I was taking notes of what advice he would give me and by the end of the
lunch I said okay great. I pulled out my credit card
cause I wanted to treat him. He said "No don't worry about it, you
are eating in my restaurant. I'm not going to let you
pay in my restaurant." "Maybe next time." As a young guy I got
nothing to offer to him. There's nothing that he
needs or wants from me. Not only he gives me his
precious time giving me advice but also bought me lunch. It's incredible. Billionaire mindset number three. Billionaire they see things
that other people don't. Here's a piece of land. Poor people they will see
just a pile of dirt, right? Some might see a garden. Middle class would see a
house that they could live in. A millionaire might see a
fourplex that they could build, but a billionaire could see a skyscraper maybe with commercial real
estate at the bottom part and then condos at the top. They would see they could
build a train station here maybe they could also acquire
that property next door. They see things completely different. They have a mindset what I call resourceful without resources. They are very very creative when they cannot do
something or someone tells that they cannot accomplish that, they will always find a way. They have a very compelling vision, have a lot of clarity of
what they want to accomplish and because they have
that compelling vision its very easy for them to
attract the right people and say hey I want to help
you to accomplish that vision because billionaires they
know how to paint that picture and they know how to
craft that vivid vision that if you could help
him to get what he wants then you will get what you want as well. So it is a win-win. They know how to mobilize a team. They know how to motivate people. They know how to solve problems. They know how to make connections. So they have some exceptional skills and they think long term. They think very very strategically. That's one of the things I have learnt. Ali Baba has a business plan
for a hundred and two years. They are planning to be around
for a hundred and two years. And I know that's when I listen
to my billionaire mentors. They are talking about a five year plan, a ten year plan, a fifteen year plan, a twenty year plan. They have this long term vision and they are willing to wait. They are patient and
because they think long term they could put themselves in positions to capitalize on certain opportunities versus other people with
shiny object syndrome or short sighted. And one more thing that I notice maybe is a bonus mindset tip and that is they don't think about niches. They don't think about a
small market chances are almost of them they
either think nationally how to dominate an industry
in the whole country, or they think globally, how they dominate an industry
globally not just locally. They don't believe in small niches. They don't believe in small categories. They want to be the leader
in a global industry. They think big. That's why they are very
very competitive, right. They want to win, they want to win big and that's why in order to win big they need that ten twenty thirty year plan and they are willing to pay the price and work towards that. And those are some of my observations of the mindset of a billionaire. If you want me to share more of those observations with you from my little notebook, call me below and let me know. And don't forget to hit
the subscribe button if this is the first time
you are visiting our channel and watching our video.
