10 Best Habits of the World’s Richest People
#2 — Do one thing that’s just for you every day
We aren’t just fascinated with the lifestyles of the rich and the famous — we are brimming with curiosity about their habits.
The habits of the world’s richest people have contributed to their wealth. That doesn’t mean that you can steal their habits and be a billionaire next year — but you can become more productive, more efficient, and lead a generally better life.
Forbes released their “World’s Billionaires List” for 2022 — so let’s dive into the habits we can steal from some of the world’s wealthiest people.
Avoid meetings unless they provide value or deal with an urgent matter.
Elon Musk, the world’s richest person in 2022, has an intense dislike of meetings.
In 2018, Musk sent out an email to Tesla’s employees and gave some recommendations to improve productivity.
Walk out of a meeting or drop off a call as soon as it is obvious you aren’t adding value. It is not rude to leave, it is rude to make someone stay and waste their time.
Takeaway: Do everything within your power to avoid meetings. They are time-wasters. Productive, efficient people stay away from meetings.
Do one thing that’s just for you every day.
Jeff Bezos is #2 on the world’s wealthiest people list.
He creates his schedule to do one fun or exciting thing for himself every day. Bezos understands the need to relax and not think about things for a while to protect your health — both mental and physical.
Takeaway: Plan something for yourself every day that is fun. By relaxing, you will lower your stress level and improve your health.
Get a good night’s sleep.
The #3 richest person in the world is Bernard Arnault — who oversees an empire of fashion brands like Louis Vuitton.
Arnault relaxes his mind by getting seven hours of sleep each night. He arranges his schedule to improve his mind’s productivity. Even his bedroom is designed to help him get a relaxing night’s sleep.
Takeaway: Plan your schedule around getting enough sleep at night. Your mind and your body need rest to function at a high level.
Read the news and business headlines each morning.
Bill Gates is still the 4th richest person in the world, and he begins his morning by reading news and business headlines.
Gates knows that opportunities are everywhere — if you are paying attention.
Takeaway: Gather ideas and find opportunities by remaining updated on headlines in various sectors.
Invest for the long term.
Warren Buffett is #5 on Forbes’ list of wealthiest people in the world. Buffett is probably the most well-known investor of all time.
Buffett has built his wealth by buying into companies at a reasonable price and then holding them for the long term — sometimes decades.
Takeaway: Whether you are investing time, energy, or money — invest for the long term. Remain focused on the long term, and it will help you avoid making reactionary mistakes in the short term.
Be encouraging to others.
Larry Page, the former CEO of Alphabet, comes in at #6 on the wealthiest people list.
Page believes in helping and encouraging others to accomplish their goals.
Page once shared “the worst thing you can do is stop someone from doing something by saying ‘No period.’ If you say ‘no’, you have to help him find a better way to get it done.” — Goalcast.com
Takeaway: Be helpful and encouraging to the people around you. By lifting up others, you help yourself.
Have the proper perspective toward money.
Sergey Brin — former president of Alphabet — is the 7th richest person in the world.
Although a wealthy man, Brin has come to understand that money doesn’t buy happiness.
“You always hear the phrase, money doesn’t buy you happiness. But I always in the back of my mind figured a lot of money will buy you a little bit of happiness. But it’s not really true”
Takeaway: Don’t fall into the trap of thinking you need a little bit more money to be happy — it’s not true. Some of the wealthiest people in the world have discovered money doesn’t buy happiness.
Let go of the desire to control everything and delegate.
Larry Ellison— the co-founder of Oracle — is #8 on Forbes’ list.
While not everyone would be Ellison’s biggest fan, he was an expert delegator. Delegating responsibility to the right people led to the great success of his company.
Takeaway: Delegating tasks and responsibilities to others frees up your time for more important tasks and ideas.
Trust but verify because every detail matters.
Steve Ballmer is in ninth place on the world’s wealthiest people list.
Ben Fathi shared Ballmer’s impressive attention to detail. No matter how small they may seem, the details do add up — they do matter.
Takeaway: It can be easy to let the little details slide — but realize the details matter. Verify all information because it matters.
Set aside time to spend with your family.
Finally, we come to Mukesh Ambani — the 10th wealthiest person in the world.
Ambani is very close to his family. He asks for his mother’s blessing each day, speaks with his wife about his day before bed, and spends Sundays with his family.
Takeaway: Don’t sacrifice your family for your career. Devote time to spend with the people who love you most. Build those relationships.
I admit this list took me in a different direction than I thought.
Some of the world’s wealthiest people better grasp what’s truly important than just us “normal” folks.
These habits helped build the world’s wealthiest people — what habits are you building in your life?
