Ten best advice billionaires give

Louis Vuitton, Hermès, Gucci, Prada, Rolex, Chanel, Cartier and Burberry

What comes to your mind when you hear the name of these luxury brands?

Rich kids or they’re fathers?

Probably when someone has gained its wealth by hard working do not usually pay for these names.

?So, what is going on the mind of these self-made millionaire that prefer to have a normal life

?What are the best advices they can give us as young generation

.In this article, PIINSTARTUP has tried to collect some of these valuable advices that may change the way you think

Bill Gates: Respect a diversity of skills

Net Worth: $ 105.4 Billion

“Learn to recognize and appreciate people’s different talents,” says Gates on Instagram.

.This is a lesson it took Gates himself a while to learn

In February, Bill and Melinda Gates spoke with “Hamilton” composer Lin-Manuel Miranda at Hunter College in Manhattan, New York. The conversation included a question from Facebook founder Mark Zuckerberg: “If you could go back and give your younger self one piece of advice, what would it be? Asking for a friend.”

In response, Gates said he wished he had better understood the value of different kinds of intelligence.

“I was so naive about different skill sets. I thought if somebody had a high IQ, they could be good at everything. And the idea that you needed to blend these different types of skills together, that always continued to surprise me,” said the Microsoft co-founder.

“There was this simple idea of smartness and it could go and solve everything — I wish I had known better than to think that.”

Warren Buffett: Marry the right person

Net Worth: $ 84.3 Billion

Buffett made his fortune through smart investing, but if you ask him about the most important decision he ever made, it would have nothing to do with money. The biggest decision of your life, Buffett says, is who you choose to marry.

“You want to associate with people who are the kind of person you’d like to be. You’ll move in that direction,” he said during a 2017 conversation with Bill Gates. “And the most important person by far in that respect is your spouse. I can’t overemphasize how important that is.”

It’s advice he’s been giving for years. As he said at the ۲۰۰۹ Berkshire Hathaway annual meeting: “Marry the right person. I’m serious about that. It will make more difference in your life. It will change your aspirations, all kinds of things.”

Jeff Bezos: The constant struggle of making choices

Net Worth: $ 114.4 Billion

In his talk, Bezos recounted the period of time in which he first came up with the idea to start an online bookstore business (which would later become what the entire world now knows as Amazon).

At the time, he knew that moving forward with the idea would be a very risky move.

Bezos even asked his boss, who he said was “brilliant” and “much admired,” for advice. He was told that although it “sounded like a very good idea, it would be an even better idea” if Bezos didn’t already have a good job.

“It really was a difficult choice, but ultimately, I decided I had to give it a shot. I didn’t think I’d regret trying and failing. And I suspected I would always be haunted by a decision to not try at all,” Bezos said. “After much consideration, I took the less safe path to follow my passion, and I’m proud of that choice.”

Mark Zuckerberg: The biggest risk is not taking any risk… In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks

Net Worth: $ 69.5  Billion

Nineteen-year-old Mark Zuckerberg was a sophomore at Harvard when he founded Facebook back in 2004. Since then, he’s become one of the world’s richest and most successful people.

Zuckerberg attributes his success to a willingness to take risks and a desire to create something that can change the world. Additionally, he believes in following a business strategy known as “The Hacker Way.”

In a 2012 letter to potential Facebook investors, he wrote, “The Hacker Way is an approach to building that involves continuous improvement and iteration. Hackers believe that something can always be better, and that nothing is ever complete.”

Henry Ford: If you think you can do a thing or think you can’t do a thing, you’re right

Net Worth: $190 Billion

Ford didn’t reinvent the wheel, but he did believe that he could improve the automobile.

By using mass production techniques to make his vehicles, Ford created the first car that could be afforded by middle-class individuals — and changed the world in the process.

By modern standards, his net worth upon death is considered to be around $190 billion.

Michael Bloomberg: Never stop learning

Net Worth: $ 51.2 Billion

For former New York City Mayor Michael Bloomberg, the path to billion-dollar success began with a job at Salomon Brothers, where he worked his way up the corporate ladder to become a partner in 1972. After leaving Salomon, he founded his own company, which would eventually become Bloomberg L.P., before completing a successful run for mayor in 2002.

According to Bloomberg, the key to success is to keep learning new things every day. During a 2013 episode of his weekly radio show, he said, “I’ve never met a Nobel Prize winner who didn’t think they had an awful lot more to learn and wasn’t studying every single day. So, when a parent says, ‘How much does my kid have to learn before they can stop studying?’ I don’t know how to break this to you, lady or sir: there is no answer to that.”

Charles Koch: Follow a proven management style

Net Worth: $50.5 Billion

Comprising one half of the famously rich and politically influential Koch brothers, Charles Koch inherited his father’s company, Koch Industries, and turned it into one of the largest companies in the U.S. Some of Koch Industries’ many products include jet fuel, fertilizer, toilet paper and Dixie cups.

Koch attributes his long-standing financial success to the company’s use of Market-Based Management® — a term which he has gone so far as to trademark. According to the Charles Koch Institute, “Market-Based Management® (MBM®) enables organizations to succeed in the long term by applying the principles that allow free societies to prosper. Just as upholding values such as free speech, property rights and progress are important to a healthy, growing society, they are also pivotal in fostering a healthy, growing organization.”

Koch recently published a book called, “Good Profit: How Creating Value for Others Built One of the World’s Most Successful Companies,” to elaborate on his management style.

Bernard Arnault: Stay ahead of the competition

Net Worth: $99.3 Billion

Bernard Arnault oversees the luxury goods powerhouse LVMH, which is an umbrella company that includes Bulgari, Louis Vuitton, Sephora and Dom Perignon, among other businesses. In 1984, he spent $15 million to buy a business that included Christian Dior, and to this day Arnault’s wealth is tied to his Dior stock, which gives him a controlling interest in LVMH.

Arnault attributes his continued financial prowess to a desire to best the competition, something he has been able to achieve on a global level. As part of his mission to bring haute couture to the developing world, Arnault recently staked a claim in Asia.

In an interview with Forbes, he said, “I am quite competitive. I want to stay ahead and increase our advance.”

Larry Page: Focus on consumer Tech

Net Worth: $56.7 Billion

Larry Page and Sergey Brin co-founded Google in 1998, after Page created an algorithm called PageRank and used it to power the very first version of Google, then known as BackRub. Today, Page serves as CEO of Alphabet, Google’s new publicly traded parent company.

In an interview with the Financial Times, Page discussed the excitement and potential for great success when investing in today’s tech industry. “You can make an internet company with 10 people, and it can have billions of users. It doesn’t take much capital, and it makes a lot of money — a really, really lot of money — so, it’s natural for everyone to focus on those kinds of things.”

Carlos Slim Helú: Learn from failure

Net Worth: $58.2 Billion

Mexican businessman Carlos Slim Helú built his fortune amassing holdings in hundreds of companies, including large shares of several that he owns. Slim has stakes in many Mexican companies through Grupo Carso, as well as American organizations like Saks Fifth Avenue and The New York Times.

۲۰۱۵’s second richest man, Slim moved to No. 4 on Forbes’ list of billionaires in 2016, after his pan-Latin American mobile phone company lost money due to new regulations, a weaker peso and economic decline in the area. However, the billionaire will likely take his own advice and face his financial woes head-on.

In a 2010 speech at American University of Beirut, Slim gave his audience a valuable piece of advice: “When we face our problems, they disappear. So, learn from failure and let success be the silent incentive.”

nastaran zareie
Author: nastaran zareie

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