The Important Life Lessons Millionaires Wish They Knew When They were Young
Knowing what you know now, don’t you just wish you can go back in time to give your younger self some great advice on life?
You aren’t alone. Even successful millionaires have a few things to tell themselves should they be able to travel back in time to their 20s.
And since jumping through time isn’t possible yet, the next best thing you can do is learn from their experiences.
Be Yourself
As a person who often faces the public, business coach Katrina Ruth has realized that the best way she can present herself to people is to just be herself, unapologetically. This means letting her true self shine and not an ‘edited’ or ‘filtered’ version.
‘The Katrina Ruth Show’ CEO assures that you’ll eventually give in to being yourself. It can take some time as you grow older but it will happen.
Focus on Your Strengths
Dan Lok is a businessman who owns a company that manages over two dozen businesses. With an impressive achievement like that, his advice for young people certainly holds a lot of weight.
The Canadian venture capitalist is a believer that people should focus not on their weaknesses but on the things that they’re actually good at. If you develop those skills, the market will compensate for it.
Mistakes are Part of the Process
At 70 years old, former late-night television host Jay Leno has had a lot of time to learn from experience. And his main takeaway is that making mistakes isn’t a bad thing as long as you learn from them.
Sometimes you need to learn things for yourself. As Leno put it, people like him would still touch a hot stove even after being told that it’s hot because that’s a way to learn.
Self-Doubt Can be Good
Looking at real estate mogul Barbara Corcoran today, you’d never think she was anything other than confident. But there was a time when she wasn’t.
Growing up with a learning disability called dyslexia, the young Corcoran was often bullied and called ‘the dumb kid’. This led her to have little confidence in herself.
However, she now realizes that self-doubt can be a good thing sometimes, especially when it can be used as a motivator to try harder to be better.
Accepting Loss
Every success story has its own share of losses behind the scenes. The same can be said when it comes to starting a business, according to Mobius Media Solutions CEO Patch Baker.
Being a former Marine, he learned about ‘acceptable loss’, which entails being able to identify what you’re willing to lose to get to your goal. He has since applied the concept to his entrepreneurial ventures.
More in Wealth
-
`
How This Trendy Lifestyle Can Help Business Owners Create Better Workspaces
In a world seemingly ruled by consumption, an alternative lifestyle that promotes the total opposite has emerged. Today, minimalism is no longer just an...
June 6, 2023 -
`
How Busy Entrepreneurs Can Find a Healthy Balance Between Personal and Work Life
Entrepreneurs are known to wear multiple hats. Building a business from the ground up on their own, they need to be...
May 11, 2023 -
`
How to Improve Your Sleep Quality: Simple Tips for Better Sleep
Sleep is essential for our physical and mental health, yet many of us struggle to get a good night’s rest. Whether...
April 28, 2023 -
`
Find Out Which Family Guy Cast Members Has Earned The Most Throughout the Years
Movie stars may get all the glory but television has slowly but surely become a lucrative gig for many actors and...
April 7, 2023 -
`
How This 2nd Generation Immigrant Entrepreneur Landed a Business Deal with a Billionaire
Immigrants and their children often have to work harder than to prove themselves and achieve the same level of success that...
April 5, 2023 -
`
Entrepreneurs Can Create More Genuine Business Connections with This One Social Interaction Trick
Succeeding as an entrepreneur involves just as much about networking as much as behind the scenes work. Meeting and making connections...
April 1, 2023 -
`
This Man Made Billions from Coronavirus Crash But He Might Get in Trouble for It
A lot of investors are currently dealing with the aftermath of the coronavirus panic’s impact on the stock market. Both small...
March 17, 2023 -
`
Skip Your Next Trip to the Salon with These Genius At-Home Beauty Treatments
While being unable to leave one’s home for an extended period of time due to a pandemic isn’t ideal, one can...
February 18, 2023 -
`
Zac Efron Once Met Leonardo DiCaprio at a Basketball Game and You’ll Never Guess What Happened Next
Hollywood is truly a small world. Celebrities often end up being friends with their fellow stars, what with them moving in...
February 18, 2023
You must be logged in to post a comment Login