‘It’s always best to learn from the best in the world and the best entrepreneurs in the world are those are the people who’ve created the most value those with the highest net worth’
Fredrik is interviewing Rafael Badziag, best-selling author of ‘The Billion Dollar Secret’ a global entrepreneur and top TED speaker who is highly valued as an expert in the psychology of entrepreneurship.
In this episode Fredrik and Rafael discuss why being a millionaire today is not exceptional and how becoming a billionaire only accomplished by 1 in every 3.5 million people globally, making it a truly exceptional achievement.
Having worked with a range of billionaires for his latest book Rafael offers a fascinating insight with his wealth of knowledge into what makes a billionaire exceptional in business, listen in and find out more.
KEY TAKEAWAYS
The best entrepreneurs
It’s always best to learn from the best in the world and the best entrepreneurs in the world are those are the people who’ve created the most value those with the highest net worth.
I wanted to find out about billionaires’ mindset and how they approach problems.
This book is the firsthand experiences and thoughts of billionaires.
I was able to compare and identify the common denominators.
The global net worth measure is an effective filter resulting in a total of 2000 people meeting the criteria, this equates to 1 in every 3.5 million people being a billionaire.
In the beginning it was difficult to get people to speak with me but with each person its easier and now they come to me as it provides exposure.
They do not seek exposure for themselves but the companies that they care about and everything that supports legend creation in their companies is desirable to them.
Trust
It’s not about who you know, or likes you it’s about who trusts you in business.
This is an important element in business and the building of sustainable relationships and growth.
Billionaire elements
It is important to develop all the time never stop learning and seeking self-improvement.
Billionaires are all readers understanding that continual learning is a vital part of growth.
The best knowledge comes from experience in your business through trialling, improving, and tweaking. This is the only way can you make a breakthrough to great value and wealth.
If you use the existing knowledge you can only be the same as everyone else.
There is an image of the billionaire but in reality most self-made billionaires like making money more than spending money.
Billionaire Habits
They all get up early at around 5.30 am creating time for themselves before the working day begins.
They are physically active whatever their age
Billionaires in most cases have traditional and stable private lives. Having a supportive partner who understands what you are trying to achieve and your goals is key as you can concentrate on your business life without stress and change in your personal life.
There are a lot of sacrifices- long hours and extreme effort over possibly decades to achieve billions and this will include absence from significant family and personal events.
Often billionaires have the same friends as when they started out as these are people who understand and believe in them.
It’s important to have shared values and understanding then it is possible to work as a team and this can be very powerful.
BEST MOMENTS
‘I realised that in business now being a millionaire is average, it is mediocre’
‘Even though he is a billionaire, he still lives in the same apartment, the only luxury he allows himself is books’
‘The greatest decision is having the right partner’
‘They are disciplined and have a morning routine consisting of physical activity and some sort of meditation’
‘People become very interested in the individual as a brand but through this, their businesses also benefit’
VALUABLE RESOURCES
Invest In You Podcast
Trust is the New Currency book by Sheila Holt & Fredrik Sandvall
Kickstarter How To Make Money As A Teenager book
The Billion Dollar Secret book by Rafael Badziag
ABOUT THE HOST
Serial entrepreneur Fredrik Sandvall loves sharing ideas and interviewing world-class entrepreneurs and influencers. Invest in You is about investments, entrepreneurs, personal development and doing fun things. He hopes to ensure you take action, helping others and yourself, plus enjoy the journey we call life.
CONTACT METHOD
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https://itunes.apple.com/gb/podcast/investing-skills/id1445899547?mt=2
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