100 Billion Dollars that’s like, * Google Number*
$100,000,000,000
Sad reality but true…
Most People do not have what it takes to become MILLIONAIREs.
Here’s why:
1. Lack of Purpose
The majority of People in the world lack purpose. What this means is that most
People don’t really know why they exist.
The most important question is not HOW TO BECOME A MILLIONAIRE but WHY YOU
SHOULD BECOME A MILLIONAIRE.
Many MILLIONAIREs didn’t just start off following selfish interests and Goals
to buy luxury cars and expensive homes. They had bigger purposes and Goals to
uplift the lives of their families and communities.
2. Lack of Ambition
Ambition is the fuel that drives purpose, therefore if you lack purpose then
you will automatically lack ambition.
As such the majority of People in the world lack ambition. Lack of ambition
means you cannot grow inwardly and outwardly as a person.
Many People who conquered the world such as Alexander the Great, Julius Caesar
and Napoleon, all had great burning ambitions.
This is the same for People who became great athletes, boxing champions and
MILLIONAIREs.
3. Procrastination
Procrastination is the Failure to take positive action.
Procrastination is perhaps the greatest enemy of Success and as such, the
greatest roadblock to becoming a MILLIONAIRE.
Most People just drift by in life, without any particular purpose or Direction. They spend many hours just drooling and dayDreaming and doing nothing.
As a result they end up becoming poor.
4. Lack of Discipline
Lack of discipline is perhaps one the greatest hindrances to Financial Success.
The world is full of Failures who simply lacked Financial discipline and
proper planning.
There’s no such thing as an accident. Every Failure is a result of an error in
human judgment.
Opportunities and chance come to everyone, although not at the same time but
they really do, and when they come, lack of vision, Financial discipline and
unpreparedness greatly undermines Financial Success.
For example, Mike Tyson made a neat fortune in boxing during his hey days.
However, due to lack of Financial discipline (about that later) and a
MILLIONAIRE mindset he squandered it all through reckless living.
See this answer by Dave McKagan on Quora:
Dave McKagan's answer to How did Mike Tyson lose his money?
5. Lack of Patience
Most People simply do not have the patience to become MILLIONAIREs.
Consider when you plant a seed in the ground, you probably don’t understand
how the seed germinates a few days or weeks later. Neither does it help by
checking the progress each and every day.
But a few weeks later when you check it, you’ll Find that the buds have shot
up and the plant is beginning to grow. A few more weeks and it becomes a big
plant. All this takes some work, time and a process.
This is where patience comes to play.
Seed is the raw material you put into the soil and work is the time and effort
you invest. Process is what takes effect without your interference. It is
beyond your control.
Most People would probably want to plant a seed and eat its fruit the
following morning.
6. Lack of Focus
The Successful warrior is the average man with laser-like focus
— Bruce Lee, Kung Fu Martial arts legend.
Perhaps the greatest hindrance to Financial Success is lack of focus. Most
MILLIONAIREs I know are highly focused individuals.
Chinese Billionaire and Chairman of the Alibaba Group, Jack Ma, often says
that he gets about 5,000 new business ideas every day. Unfortunately, he is
forced to turn them all down preferring to remain focused on delivering
quality service to the Millions of customers and suppliers who visit his
online stores daily.
7. Hard Vs Smart Work
Most People will not become MILLIONAIREs because they never learned how to
work smart.
You have heard it said that hard work pays off. I would say that smart work
pays off.
In the 19th century, it took about 30 years to become rich.
In the 20th century, it took less than twenty years to become rich.
in the 21st century, it takes as little as six months to become rich.
All this depends on the smart implementation of a simple law called leverage.
MILLIONAIREs learn how to leverage other People’s time.
MILLIONAIREs learn how to leverage other People’s money.
MILLIONAIREs learn how to leverage other People’s skills and talents.
MILLIONAIREs learn how to leverage machines and automation.
8. Lack of Life-Long Learning
For most People, learning stops as soon as they graduate college or
university.
Although continuous learning is a lifestyle, most People will never learn
anything new to improve their lives.
For example, a computer comes with default settings from the manufacturer’s
assembly line. We hardly use the computer before customizing it with our own
settings and preferences, most of which involves installing custom software.
Humans have many similarities to a computer but we rarely realize it. As such
most People will never learn new ways to improve their lifestyles and
Financial well being.
9. Lack of Consistency
Most People will not become MILLIONAIREs because they lack consistency.
Most MILLIONAIREs and Billionaires I know implemented just one business idea
or product, and remained faithful and consistent with it for a long time.
Coca-Cola is remarkably one of the most consistent brands in the world. Known
for its consistent advertising campaigns that often change, the general themes
expressed in the ads do not. Coca-Cola is known for reinforcing the ideas of
happiness, togetherness and refreshment in ads across the globe.
During its 132-year history, this strategy has heavily paid off bringing a lot
of money to its investors. How many companies last that long?
10. Mindset
The biggest difference between the rich and average People is not found in
their education, luck, skills, or choice of investments — it's found in their
mindset.
Mindset defines how you think, speak and act. It deFines your vocabulary.
Frankly, most People do not have the mindset of a MILLIONAIRE. The most
difficult project on earth is not to Earn an MBA or PhD Degree, but to change your mindset.
Most People have a lot of money but still have the poverty mentality. This is
true when you consider that many People win large sums of money through
lotteries but lose it all after only a couple of years.
The poverty mentality is taught through our social and education system by our
parents, peers, schools and the job market. In fact our education system still
uses the 19th century education model which was to provide the labour market
with qualified staff.
That’s why most People still look for jobs after graduating college, instead
of chasing the entrepreneurship Dream, which although laden with risk, gives
you the greatest opportunity to become a MILLIONAIRE.
A MILLIONAIRE mindset is the ability to make a Million dollars even after
losing a Million dollars. In other words, losing a Million dollars is nothing
compared to losing your MILLIONAIRE mindset.
11. Fear of Failure
The greatest roadblock holding most People back from becoming rich if FEAR.
The process of building and acquiring wealth feels out of reach and impossible
to most People.
When we were kids, most of us liked to take big risks and as such we learned
how to crawl, how to walk, how to run and Finally how to ride a bicycle. As a
kid brimming with faith, I can vividly remember how I used to believe that one
day I would become rich and eliminate all our family’s Financial problems.
However, as we grew older, we began to listen to a barrage of constant voices
from adults warning us that we shall fall if we try this, or we shall Fail and
get embarrassed if we try that and so on. Gradually, we lost our inner courage
and eventually, we completely replaced our courage with fear.
Life is about taking risks, but the risks must be calculated. Learning how to
analyze, calculate, manage and take calculated risk is a common trait many
MILLIONAIREs have.
I think it is safe to say that because most People fear to Fail they will
never become MILLIONAIREs.
12. Fear of Success
Believe it or not, most People fear Success as much as they fear Failure. As
such most People are afraid of becoming MILLIONAIREs.
I recently read with shock, an article on Insider, about a Texas engineer who
fears that she’s earning a lot of money.
Convinced that she was unable to manage all the money, she approached a
Financial consultant to manage the money on her behalf and recommend Good ways
to invest her money.
The Financial consultant recommended a Financial plan that included maxing her
401(k) and savings, investments, giving to charity, tax plans and a host of
other ways to ensure a comfortable retirement.
Chrometophobia (intense fear of money) is a common condition with most People.
Nobody knows exactly why this happens, but it is commonly believed that the
condition has something to do with upbringing.
Most People are brought up in an environment of lack of money, therefore they
believe that money is associated with evil. The condition doesn’t go away even
when we become adults, because by then our minds are already conditioned.
This affects our spending habits and our ability to become rich, which makes
it difficult to save any money for the future. This happens because we are
subconsciously trying to get rid of this ‘perceived’ evil called “money”.
13. Shinny Object Syndrome
Most People will not become MILLIONAIREs because they are distracted by the
shinny object syndrome.
They believe that to become a MILLIONAIRE one needs to have that one lucky
break like winning a lottery or stumbling upon a secret formula. In fact most
People believe that the MILLIONAIRE trait is something you’re born with.
What a myth!
According to Forbes, 80% of the world’s richest People in 2017 were self-made
meaning that only 20% inherited their wealth. In fact 20% of those 80% are
women.
14. Time Management
It has often been said that “Time is Money” and it is.
Most People will not even come near to becoming MILLIONAIREs because they
cannot manage their time.
There are only 24 hours in a single day and this is the only time available to
each one of us.
We are obligated to spend 8 of those hours either working, going to school or
attending college.
And we are mandated by nature to spend 8 of those hours sleeping. The
remaining 8 hours are to be spent at our discretion. We can spend the time
either on the couch watching television, movies, playing games or on a beer-
drinking spree at the local pub.
The proliferation of social media has ensured that entertainment is brought
into our bedroom.
Alternatively, we can also spend the time attending a business course or
building a business that would one day make us MILLIONAIREs.
The difference between the rich and the poor is decided on how we spend the
discretionary 8 hours.
15. Bad Choice of a Financial Model
Since most People shun Financial education, they’ll never learn how to select
the best Financial vehicles.
As such most People opt to consult Financial advisors because they never spent
time learning about money, and how to identify the best investment vehicles.
Unaware that even these Financial advisors need subsequent Financial advice
from other experts, they trust their money to these People who end up
investing their hard-earned cash in slow investment vehicles that cannot even
beat inflation.
Well the first thing I’m going to is get myself a lawyer because somebodies
gonna try and get taxes off my money. After all the formal stuff is taken care
of, here’s what I’d do.
“Congrats Mom and Dad! Here’s twenty Billion dollars!”
*reluctantly gives Million dollars each to two sisters* “Spend it wisely you
two.”
“Here other family members! Here’s a Million! Split it evenly and make your
own lives better!”
Average 80 Billion, left… Might as well give Millions to charities!
79 Billion left.
Store 31 Billion for future use so I don’t spend it all.
50 Billion left.
*sits at desk stumped* What do I do with 50 Billion dollars?
*snaps Fingers* I know what to do!
*goes out and gives some to the homeless* *gives some to People who need a
little help* *starts a new charity* *Buys a truck load of ice cream* **sneaks
into the nearest college and starts handing out 100 dollar Bills to students*
*buys a mansion* *goes to animal shelters and takes in all the cats* *gives
People who need a job one by taking care of the mansion full of cats* *starts
community gardens* *travels to the poorer countries and converts money to
their money to give to those in need* *travels to Japan with sister and buys a
lot of anime merch* *takes a break from money to spend time with other sister*
*attends as many comic-cons and anime-cons as I can* *considers future
hobbies*
I lost track of how much money I spent. Might not be the best idea to give me
that much money.
The most important thing is I would try to be happy and make others around me
happy. That’s what I would do.
==============================
REVENUES ($M)
1Walmart$500,340
2State Grid$348,900
3Sinopec Group$326,900
4China National Petroleum$326,000
5Royal Dutch Shell$311,800
6Toyota Motor$265,170
7Volkswagen$260,020
8BP$244,580
9Exxon Mobil$244,360
10Berkshire Hathaway$242,130
==============================
Here's where the CEOs of the top 10 Fortune 500 companies went to school
10 highly Successful People who wake up before 6 a.m.
Doug McMillon, Walmart. ...
Darren Woods, Exxon Mobil. ...
Warren Buffett, Berkshire Hathaway. ...
Tim Cook, Apple. ...
David Wichmann, UnitedHealth Group. ...
John Hammergren, McKesson. ...
Larry Merlo, CVS Health. ...
==============
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