Wednesday, August 17, 2011

What the Wealthy do for Wealth

My will shall shape the future. Whether I fail or succeed shall be no man's doing but my own. I am the force; I can clear any obstacle before me or I can be lost in the maze. My choice; my responsibility; win or lose, only I hold the key to my destiny. – Elaine Maxwell

In 1985 there were less than twenty billionaires in the world. Today there are over a thousand. Money is appearing all over the globe. The dream of financial independence is sprouting just about everywhere. In 2003 there were eight billionaires from the USA in the top ten of Forbes’ annual list of billionaires. Today eight of the top ten live outside the USA. Less than half of the list lives in the USA. As opportunity has sprouted around the globe the US no longer is the only place money finds someone willing and able to put it to work.

About one third of the list got their money from inheritance and they continue to grow it. The other two thirds built their fortunes with business. Half of them began with family money and created the fortune they now own. The other half, the one third of the total that interests me, started near zero. I don’t know any of these people personally and I have read about them and read some of their work. Clearly they are masters of the Laws of Success. There are some common threads among these zero beginners.

Education is important for all of them. Most have a college degree while many didn’t finish high school. It wasn’t so much about learning for the fun of it or developing their knowledge but developing relationships and learning how to work with others. It’s not what you know but who you know.

They work longer hours. Most appear to work over fifty hours a week or more. For a billionaire to work twelve hour days it has to be about something other than the money. Going years without taking days off or going on vacations even while the people who work for you take weeks off indicates a level of focus and vision even their friends didn’t share.

They are open to new opportunities. When they heard about new ideas they wondered “How could I profit from that?” It is no accident the new ideas found them as well.

Mistakes and problems do not stop them. They made lemonade from lemons, problems are learning opportunities and mistakes are the opportunity to overcome problems.

They are strategic thinkers.
These are not positive thinkers nor do they dwell on the negative. They wonder if something is possible and how it could be used to their advantage.

Luck is not part of their story. Luck is how others may describe the circumstances for their lives. They were prepared and ready for those moments when an opportunity appeared.

Money is a byproduct. The desire for money and financial success is the same for everyone. Living into a vision where innovation, new ideas and the desire to make a difference in the world are the overriding commitments of the ultra wealthy. Money alone will not keep you motivated.

If it is your desire to thrive and prosper investigate our choice in emulating the habits of successful people in the world. Visit www.eisbrener.net and take the tour. This is fun.

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