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Billionaires’ Top 10 List for Success

Posted By Barry Ritholtz On November 27, 2011 @ 11:30 am In Investing,Philosophy,Psychology | Comments Disabled

Barbara Walters on 20/20 (via The Wealth Report) interviews four billionaires, and culls out some wisdom for managing success.

You may recall that this is an area I have some interest in. Back in June, I wrote up something along similar lines: 7 life lessons from the very wealthy [1].

Back to The Wealth Report: Here is the top 10 list culled from billionaires:

1. Figure out what you’re so passionate about that you’d be happy doing it for 10 years, even if you never made any money from it. That’s what you should be doing.
2. Always be true to yourself.
3. Figure out what your values are and live by them, in business and in life.
4. Rather than focus on work-life separation, focus on work-life integration.
5. Don’t network. Focus on building real relationships and friendships where the relationship itself is its own reward, instead of trying to get something out of the relationship to benefit your business or yourself.
6. Remember to maximize for happiness, not money or status.
7. Get ready for rejection.
8. Success unshared is failure. Give back — share your wealth.
9. (A secret so powerful, we simply cannot tell you)
10. Successful people do all the things unsuccessful people don’t want to do.

Not a bad list . . .

>

Source:
Billionaires Share Their Secrets to Success [2]
Robert Frank
The Wealth Report, October 28, 2011  
http://blogs.wsj.com/wealth/2011/10/28/billionaires-share-their-secrets-to-success/


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URLs in this post:

[1] 7 life lessons from the very wealthy: http://www.washingtonpost.com/business/7-life-lessons-from-the-very-wealthy/2011/06/15/AGxw6aaH_story.html

[2] Billionaires Share Their Secrets to Success: http://blogs.wsj.com/wealth/2011/10/28/billionaires-share-their-secrets-to-success/

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