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Traits That Are Common To Billionaires. Do You Have Them?

I noticed some non-obvious features and rules typical of those who know how to make good money. Do you have these traits?

By Michail BukinPublished 3 years ago 3 min read
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Traits That Are Common To Billionaires. Do You Have Them?
Photo by Alexander Mils on Unsplash

Making decisions.

Many people do not want to notice reality if it does not match their expectations. This is bad, because it is more important to understand exactly negative tendencies and react to them, and you can simply observe good events.

None of us were born with an understanding of what is good and what is bad.

We either learn it empirically, or we take the word of others. The main thing is to know with which of these strategies the result will be better.

Do not assume that you yourself always know what is best for you: sometimes it is not. Of course, you know your goal better, but others may know how to achieve it faster and easier because your weaknesses may be their strengths or they have more suitable experience and knowledge.

So, in case of illness, it is better to follow the doctor’s recommendations, and not do what you want. That is, some decisions should be made independently, while others should be delegated. Knowing when not to make a decision yourself is one of the most important skills you can develop.

Others’ opinions and the policy of honesty.

Don’t let fear of what others think of you get in your way. You should be willing to do everything in your own way, which you think is most effective, but at the same time openly analyze feedback.

Learning to be as transparent as possible is like learning to speak in public.

It doesn’t work very well at first, but the more practice, the more confident and comfortable you will feel. In addition to the fact that this principle allows you to be yourself, it helps to better understand others, and they — you.

Imagine how much less mutual misunderstanding there would be in the world — and how much closer we would be to an objective understanding of reality — if people did not hide their thoughts, but openly shared them. It’s not about secrets, but about opinions about each other and what is happening. Total honesty and utmost transparency improve the quality of decision-making and improve relationships. Whenever you are faced with a choice, automatically choose an honesty policy.

The path of objectivity.

It is important not to let assumptions get in the way of objectivity. You should stick to analytical thinking, and not give in to emotions.

Don’t get hung up on how you think things should be, because you will miss out on the opportunity to learn how they really are.

Whenever you observe something that seems wrong to you, assume that you are wrong and try to understand what the rationale is. This will teach you a lot and change your way of thinking about:

a) what is good and what is bad;

b) your purpose in life;

c) what to do when you face a very important choice.

Goals.

Goals are what you need to achieve. When properly formulated and applied, they will be the antidote to thoughtless, abstract thinking and appropriate action. Key results are monitoring how we achieve the goal. They can be measured and verified.

Your score should have a numerical score.

While the goal may be long-term, for a year or more, key results change with the course of work. At the end of the given period, you should look at the results of the work and confidently answer the question: “Did I complete the task or not? Yes? No?”. It’s simple.

Less is more.

When working with goals, choose only the most important. Just a few carefully chosen tasks clearly demonstrate what we say “yes” and what we say “no.” The limited number of tasks for each time period — three to five maximum — leads to the fact that companies, teams, and employees choose only the most important.

In general, each goal should be linked to a maximum of five key results.

Another note:

* hard-to-reach goals stimulate performance much more efficiently than simple ones;

* specific hard-to-reach goals give higher returns than vague and abstract ones;

* public goals are achieved more often than hidden ones.

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About the Creator

Michail Bukin

Creative Writing Expert and Ambitious Stutterer

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