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How to think like a billionaire

Tai there’s a time to stop and smell the roses, but that time is not now!”

That was one of the very first lessons my mentor Joel Salatin taught me.

Joel taught me there’s 3 types of people in this world.

There are people who watch what’s happening, people who make things happen, and people who wonder what happened.

You don’t want to be the person that’s wondering about the world. And watching what’s happening is okay, but if you want to be successful…

You need to be the person that makes things happen. And I’ll tell you how you can become that person in a bit.

But that day when Joel screamed those words at me, I wasn’t a person that made things happen.

I was a person who wondered about the world.

You see, that day I was too busy admiring nature. So out of touch that I didn’t even realize that the gate to the cattle pen was open.

And I didn’t even notice until Joel pointed it out to me. He was testing me.

I’ve grown a long way as a businessman and entrepreneur since that time and there are two very important lessons I’ve learned from millionaires and billionaires I’ve read about.

Here are two of them:

1. To get what you want, you have to deserve what you want.

Billionaire investor Charlie Munger has a famous quote that goes…

“The world is not yet a crazy enough place to reward a whole bunch of undeserving people.”

That day I wasn’t a person who deserved success. I was clueless and naive about the world.

But I wanted success. More than anything.

So I needed to become a person who deserved success. And to do that I needed to increase my “worth-a-damn” factor.

Worth-a-damn factors are the things you do each day to be wiser, to be better.

These are things you can do like reading, listening to podcasts, and watching talks with successful people. Self-educating yourself so you become a little wiser each day.

Let’s look at Lebron James for example.

Do you think he became one of the greatest basketball players of all time by sitting on a couch all day and eating junk food?

Or the fact that he is up at 4 or 5 in the morning every single day working out. Doing things everyone else is unwilling to do.

All these little things add up to make him into a person who deserves success.

So how do you figure out what you need to work on to raise your worth-a-damn factor?

That leads onto the next lesson…

2. Have a high level of awareness

You need to become aware of what’s happening around you. And you do that by observing and listening to your surroundings.

Not watching and hearing. You need to observe and listen. There’s a huge difference.

People who wonder about the world watch and hear.

People who make things happen observe and listen. By observing and listening, you notice the actual significant things.

You start noticing patterns. Billionaire Mark Cuban says this is one of the main reasons for his success.

By noticing patterns, you’re able to see things that are invisible to the average person. Things such as the beginning of trends.

And you know what happens if you catch a trend early? Massive wealth potential.

But you can only become good at noticing patterns if you start developing awareness.

Watch smart people and see what they do. Look at successful people and learn what they did to get to where they are at.

I recorded a series of videos called the 67 Steps, which is basically a library of life lessons I’ve learned from mentors and books. In one of them I talk about how you should be so aware, you should memorize your competitor’s shoe size.

You need to have humility and awareness to notice trends.

So let me end this by asking you a question…

“If you were in a room full of your old high school classmates, would everyone bet on you to become the most successful?”

My answer is simply to find the person who is most aware. I’ve found that it’s one of the best indicators of success in someone’s future. Another one is having a high level of conscientiousness, but we’ll get into that lesson in another email.

I want you to be that person. The person everyone can put their money on. Someone with a high level of awareness.

And to help you become that person you need to internalize the two lessons inside this email.

Be a person who deserves success and develop massive awareness.

By the way, another way to raise your worth-a-damn factor and deserve what you want is to learn from the best. And who better to learn from than Warren Buffett and Charlie Munger at the Berkshire Hathaway Shareholder’s Conference?

It’s not easy to get a hold of a ticket to get in since you need to be a shareholder. But, there are ways to get in. One way I recommend is going to EvolveCon 2.0 hosted by my friend Patrick Tucker which takes place during that weekend in Omaha. You get the full experience of the conference weekend plus you get to hear from speakers like me and my business partner Alex Mehr.

 

Now, there’s only one person you’re in competition with for success – yourself. Everyone else doesn’t matter.

You are only in competition with yourself and you can deserve more than you have right now.

But you have to mold yourself into that person who deserves it.

And you can start doing that today. Pick up a book, buy an audiobook or watch an educational interview.

Anything to make you 1% better than you were yesterday.

Stay strong,

 

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