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Which Of These 7 Personality Traits Do You Share With The World’s Richest People?

Possessing the same characteristics of extremely rich and successful people is half the battle.

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Read on to find out which key characteristics you possess.

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Warren Buffett

Multibillionaire Warren Buffett once said, “Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.” What the “Oracle from Omaha” meant is that having lots of money intensifies characteristics already there. In this case, the key questions for people aspiring for money and success to ask themselves are: What are the crucial personality traits and characteristics that relate to becoming rich? And do I have them?

What research shows is that people who have made a lot of money are, in fact, different from the herd. According to Thomas Corley, the author of Rich Habits: The Daily Success Habits Of Wealthy Individuals, many of the world’s wealthiest possess a core set of personality traits and habits that have been essential in their success. In a separate study, UBS and PwC jointly assessed the personality traits of 1,300 of the world’s most successful billionaires. The findings underscored the idea that there are definitive behaviors and personality traits that the very rich possess.

To crack that nut for you, we’ve distilled ten crucial personality traits of some of the world’s richest billionaires.

Bill Gates is a lifelong learner. Are you?

warren-buffett

Warren Buffett and Bill Gates

At the age of 61, Bill Gates is worth $86 billion. But what’s truly remarkable is not simply his net worth, but that even at this stage of his life, he remains devoted to learning as he was as a young man coming up in the world.

Related: Top 5 Personality Traits Investors Look For In An Entrepreneur

The cofounder of Microsoft and the Bill & Melinda Gates Foundation reads about 50 books a year, mostly nonfiction. In an interview with The New York Times last year, he shared that reading is his primary way of learning and has been since childhood. The Giving Pledge founder even maintains a book review blog Gates Notes that has received considerable attention and has become a respected go-to source for the business community and beyond.

Are you patient and long-term focused, like Warren Buffett?

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Warren Buffett

Immediate gratification is definitely not how Berkshire Hathaway CEO Warren Buffett made his billions. The 87-year-old investment titan once said, “No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”

This sensible edict belies Buffett’s successful investment strategy. As a longtime value investor, the “Oracle from Omaha” built his empire by investing in stocks with good instrinsic value but have been undervalued by the market. And then? He waits.

His strategy takes time. However Buffett opts for a certain payoff over a high-risk, big one any day. Worth $74.9 billion as of 2017, his proof of success is in the pudding.

Jeff Bezos is always hungry for what’s next – can you relate?

Jeff Bezos

Jeff Bezos

Jeff Bezos’s personality and work habits have been repeatedly described as “intense” in one form or another. His intensity is aptly reflected in the website name he’d once considered for what eventually become Amazon: Relentless.com. (And if you type this address, you’ll be redirected to Amazon.)

Back in 1994, the CEO of Amazon (worth $75.6 billion) left his job as senior vice-president at a hedgefund to act on an opportunity selling books online. Bezos kept innovating and expanding his online retail business into what we know as today’s Amazon.

However, it’s the 53 year old’s private funding of a space manufacturing and exploration company Blue Origin and the purchase of The Washington Post in 2013, which truly demonstrate the retail mogul’s insatiable hunger to conquer unfamiliar territories. Bezos has brought his data-and-tech driven business model to the Post, and according to a recent piece in NPR, the company reports that revenue and profits are up since the sale (that includes digital ad revenue) and the site’s monthly web traffic has grown 56% over the past two years.

Related: 3 Personality Traits You Need For Success: Grit, Determination And The Will To Succeed

Are you upbeat and optimistic? Mark Zuckerberg is

mark zuckerberg

Mark Zuckerberg

Facebook CEO Mark Zuckerberg is a super optimistic guy. Last September, the 33-year-old tech titan, along with his physician wife, announced their foundation’s radical pledge of $3 billion toward research aimed at curing or managing all disease “in our children’s lifetime.” That’s a formidable goal.

Zuckerberg’s demonstrations of optimism don’t stop there. When both his children – Max and August – were born he published touching letters to them on his Facebook page expressing his excitement, wish for them to grow up into a better world and hope for the future.

In the area of technology, the 33-year-old tech titan is working on a Facebook-led initiative to provide internet connectivity to areas of the world that don’t have access in order to level the playing field.

And on the divisive topic of artificial intelligence, he has faced criticism from Tesla’s Elon Musk in voicing his sunny position about AI making the world a better place. It’ll take more than some shade from a Tony Stark-like futurist to darken Zuckerberg’s attitude.

Are you able to focus on multiple projects? Sergey Brin and Larry Page can

Sergey Brin and Larry Page

Larry Page and Sergey Brin

Google cofounders Sergey Brin and Larry Page have different talents and personalities that allow them to aggressively spread their combined talents to a broad bandwidth of business and expansion. Their growth model includes the acquisition of multiple companies – including YouTube – as well as the funding and development of a venture capital fund, a robotics arm, an innovation lab (once “Google X” and rechristined as “X”), an internet fiber cable unit and a longevity lab – just to name some.

Some of their projects have floundered and died, while others have prospered. However, the duo is very conscious of their cast-a-wide-net way of doing business. The now 44-year-old Page revealed in a 2014 interview, “I would always have this debate actually with Steve Jobs. He’d be like, ‘You guys are doing too much stuff.'” (On top of being the CEO of Alphabet, Google’s holding company, Page is reportedly privately funding two flying-car startups and has clean-energy interests.)

What Brin, who serves as president of Alphabet and once ran the innovation lab, has said on the matter of their widespread interests:

“We try to invest…in the places where we see a good fit to our company. But that could be many, many bets, and only a few of them need to pay off.”

Their growth gamble has paid off extremely well. According to the Bloomberg Billionaires Index, Page is worth $47.5 billion and Brin is worth $46.3 billion.

Related: The 10 Traits You Must Cultivate To Achieve Highly Ambitious Goals

Are you modest, like Amancio Ortega?

amancio-ortega

Amancio Ortega

Spanish businessman Amancio Ortega doesn’t possess the name recognition as Bill Gates or Mark Zuckerberg. The media-shy cofounder of Zara (one of the clothing brands under the retail umbrella Inditex) temporarily dethroned Bill Gates as the richest person in the world earlier this year.

The majority shareholder of Inditex (59%) doesn’t have a formal education – he never graduated from high school. However, he built his empire through a modest mindset and focus. Ortega reportedly went for 25 years without taking a vacation. Instead, he focused on closely leading his team. Shunning an office, Ortega instead chose to stand in Zara’s main design room everyday to interact with his designers. Even though he stepped down as Inditex’s chairman in 2011, he continues this practice.

His modesty also manifests in frugality. Even though he is worth $82.2 billion, he still eats lunch everyday in the company cafeteria.

Do you follow your fiercest convictions, like Michael Bloomberg?

Michael Bloomberg

Michael Bloomberg

Love or hate Michael Bloomberg, the cofounder and majority stakeholder in Bloomberg Media has demonstrated the ability to follow through on his fiercest convictions.

After he was fired from his first job out of college at Salomon Brothers, Bloomberg turned the firing into an opportunity to create a tech and media company to get traders the data and information they needed quickly.

Years later, while serving his 12-year tenure as Mayor of New York City, the now 75-year-old demonstrated a fearlessness in his leadership that sprung from his intense convictions.

Related: 3 Employee Personality Types You Definitely Want In Your Business

“Leadership is about doing what you think is right and then building a constituency behind it,” the media mogul worth $44.3 billion said to The Atlantic. “[Leaders should] make decisions as to what they think is in the public interest based on the best advice that they can get.”

His deeply held convictions led to him tackling some thorny issues while in office, such as his support of gun control and an unpopular soda tax to curb obesity.

What Bloomberg said in response to his critics at the time was, “High approval rating means you’re skiing down the slope and you never fall. You’re skiing the baby slope, for goodness’ sakes. Go to a steeper slope. You want to tackle the issues that are unpopular, that nobody else will go after.”
This article was originally posted here on Entrepreneur.com.

Carolyn Sun is a contributing editor at Entrepreneur.com. Find out more on Twitter and Facebook.

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The Alfa Romeo Stelvio – More Than An SUV

The All-New Alfa Romeo Stelvio draws inspiration from the legendary mountain pass linking Italy to Switzerland, with 48 hairpins in quick succession.

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The All-New Alfa Romeo Stelvio draws inspiration from the legendary mountain pass linking Italy to Switzerland, with 48 hairpins in quick succession. The Stelvio pass is widely seen as one of the most beautiful and engaging roads on the planet.

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Setting & Achieving Goals

What You Put In Is What You Get Out – Create Your Own Success

The secret to curating a successful life starts with what you put in.

Allon Raiz

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You are what you eat, the saying goes. Your physical and even mental health are highly dependent on what you eat (or consume) daily. There are four fundamental factors of a system:  Input, boundaries, purpose and output. All systems are mostly defined by the combination of these four factors.

A professional athlete will be very diligent about what they consume in order to achieve the best possible outcome, and sprinters will have different guides and regimes to marathon runners. Essentially, high performing athletes curate their input, or design their own lives, to produce a favourable output.

The same is true of the high-performance entrepreneur — they too should be curating their input, not just in terms of what they consume through their mouths but more importantly, what they consume with their ears and eyes.

Related: For Shatty Mashego Success Lies In Maintaining A Positive Mindset

Positive inputs

A few years ago, I began to recognise that even though I might wake up in a good space in the morning, by 10am I would be feeling negative regardless of my daily practices. I had already established the discipline of recording and recognising my successes daily, as well as repeating daily affirmations and visualisations, yet within a few hours of starting my day, I found myself in a negative space.

I couldn’t figure out what was causing this; but after some analysis I realised that my daily routine included listening to talk radio on the way to work, catching up with the news on Twitter before my first meeting, and reading the morning paper which was neatly laid out on my desk. It quickly became clear that my negativity could be attributed to my over-consumption of bad news.

Each communication platform — from Twitter to the radio — has the power to depress anyone who consumes its news, but the combination of all three was toxic to me. It affected my mood, concentration and, invariably, my output. In a single decision, I eliminated these three platforms from my daily ‘diet’ and instead curated a different morning experience to see whether it would change the output. Instead of the radio, I decided to listen to either music or an audiobook; instead of Twitter, I decided to call a friend; and I didn’t renew my newspaper subscription.

The results were instantaneous. This experiment set me on a mission to see what else I could deliberately curate and design, so I began to strategically design my life to inform the successful and positive output that I desired. I subscribed to online newsletters that were informative and thought-provoking, such as Brain Food by Shane Parish; I cajoled my management team to begin listening to audiobooks at the same time that I was doing so to ensure that we included positive discussions in our bi-monthly meetings; and I ensured that there were always three litres of water in my immediate surrounds to encourage a healthier lifestyle.

Create your own success

In case you haven’t experienced the lightbulb moment yet, the simple explanation is this: All systems have inputs and outputs, and the quality of the input results in the quality of the output.

If you see yourself as the curator of your input and as the architect of your environment, you can start to create the inputs, set the boundaries and define purposes to result in the output that commands entrepreneurial success.

Related: Daily Practices for Cultivating a Positive Work Culture to Support Your Business

If something really affects the quality of your life — whether it’s your attitude, your mood or the clarity of your thought processes — it’s time to relook the design and start to curate an environment that is conducive to your success.

And, if you’re concerned about missing out on what’s happening, always remember that, if a news report or update has a direct impact on your life, the chances are high that you will hear it through your friends and family.

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Setting & Achieving Goals

Follow These 8 Steps To Stay Focused And Reach Your Goals

Decrease the amount of noise in your head.

Nina Zipkin

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Accomplishing a goal can be hard work. But even if a project is something you are passionate about and want to complete, distractions such as social media, doubts and other tasks can make it nearly impossible to concentrate on it. Don’t fret. We’re here to help.

Check out these eight steps to help you prioritise and clear your mind.

1. Stop multitasking

Instead of trying to do a million things at once, take a step back and tackle one task at a time. And while your inclination might be to start your day with busy work – like checking emails – and then move onto to the harder things, you should try to get your brain moving by challenging yourself with with a bigger, more creative endeavor first thing.

Related: Goal Setting Guide

2. Block out your days

A good way to hold yourself accountable when it comes to quieting the noise all around you is to specifically block out time in your day – maybe it’s 30 minutes or an hour – to spend on a given project.

Colour code your calendar or set a timer to make sure you are accomplishing the goal at hand.

3. Get your blood pumping

going-for-a-walk

You can’t focus if your are stuck inside and staring at a screen all day long. Turn off your computer and phone, and go for a walk for 20 minutes. The fresh air and the movement will clear your head. Also make sure that you are drinking enough water and getting enough rest.

4. Help your technology help you

A platform like RescueTime, a software that runs while you work and shows you how you are spending your day, could help you understand why something is taking longer to complete than it should. Options like Cold TurkeyFreedom and Self Control block out the internet entirely to keep you off your Twitter feed when you should be meeting deadlines.

5. Meditate

Get a recommendation for a yoga or meditation class, or even make it an office outing so everyone get some time to quiet their minds. Or look online for a plethora of apps and platforms whose stock and trade is mindfulness, like Meditation Made SimpleCalm and Headspace.

For slightly more of a monetary investment, you could look into wearable tech like Thync, a device that produces electrical pulses to help your brain decrease stress.

Related: The Tim Ferriss Approach to Setting Goals: Rig the Game so You Win

6. Change up what’s in your headphones

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While background noise might help block out a loud office or construction outside your window, you need to be careful that what you are listening to isn’t distracting you more.

Music with lyrics can sap your focus from the task in front of you, so consider trying classical or electronic music instead. Or use a playlist that is familiar to you, so you aren’t tempted to turn all your attention to the new sound.

7. Streamline your communication

If you find that all of your focus gets trained on getting your inbox down to zero, think about how you can get yourself out from under a relentless deluge of email. Ask yourself and your colleagues to think about whether this conversation would be most effective through email, on the phone or in person.

Taking five minutes to walk over to someone else’s workspace will save you the time and energy invested into a redundant email chain and clarify how you want to attack a problem more quickly.

Related: 7 Steps To Achieving Our Higher-Level Goals

8. Find an environment with the right kind of noise

To be the most effective, you need to strike a delicate balance between too much noise and total silence. According to David Burkus, an associate professor of leadership and innovation at Oral Roberts University, “some level of office banter in the background might actually benefit our ability to do creative tasks, provided we don’t get drawn into the conversation,” Burkus wrote in the Harvard Business Review.

“Instead of total silence, the ideal work environment for creative work has a little bit of background noise. That’s why you might focus really well in a noisy coffee shop, but barely be able to concentrate in a noisy office.”

This article was originally posted here on Entrepreneur.com.

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