Maybe You Have One of These Four Skills of Billionaires, but Don’t Know It
Honing one of these skills can be a game-changer
Yesterday, my wife was telling me about a YouTube video on the four rarest skills of billionaires, and she said she thought I had one of them.
I watched the video, “The Four Rarest Skills on Earth,” and I’m stoked because I think I have one and, maybe, two of the skills.
YouTuber Alex Hormozi, who owns three businesses, says you might have one of the skills, and it could help to unlock untapped potential.
And he says these are not binary skills. It’s not whether you have one of the skills or don’t. It’s to what degree you have one and can you hone it.
1. The ability to raise and multiply money.
Raising and multiplying money has never been one of my skills, although I once was the director of a 24-hour crisis hotline and wrote successful grants for city, state, federal, and foundations for a start-up non-profit organization.
The quality that drove my fundraising was compassion for hurting people, and I used my writing skills after I studied how to write successful grants. But I am mostly a dunce financially: I work and electronically deposit my check.
2. The ability to capture & multiply attention at no extra cost to you
Woohoo : ) I got excited about this skill because it’s the one I think I have.
However, the key is the last part of the sentence. You have to capture and multiply attention at no extra cost to you. This means it has to be a one-off activity like an online or email course or Medium stories earning passive income and not going to a job — that would be an extra cost to you.
If you have this skill, look for ways to can share your expertise through an online course on platforms like Udemy, Teachable, or Thinkific or ways you can write on multiple blogging platforms like Substack and NewsBreak.
Tim Denning has an online course on the platform Teachable, titled “Medium Bad-Assery: Make Extra Income Writing Online.” Let me go on a tangent for a moment to share this poetic description (so beautifully expressed) from Rosalind Pagen on one thing she learned from Mr. Medium’s course:
“Don’t get too hung up or precious about your stories. It might feel like you are sending your babies out to be devoured by the wolves but you need to think more like an octopus. Hundreds of those precious babies will be consumed in the mass of the ocean and lost forever — a very select few will randomly make it to maturity, where they will enjoy a life of their own. Your stories are precious to you because you created them, but once you release them, let nature take its course. They are prey to natural selection, and mother nature is a cruel mistress.”
Great advice, Rosalind.
3. The ability to return time to other people at no extra cost to yourself
The third rare skill of billionaires is helping people to save time; usually, this is accomplished by automating some kind of everyday task through technology.
“Save everybody ten minutes a day, and you’ll be a billionaire.” -Alex Hormozi
Here’s a thought: You may not invent some kind of software or technology to save people time, but you might be the one to introduce people to the technology that saves people time, and this can help give them back time
Medium writers like Zulie Rane and Tom Kuegler have YouTube channels on tips for success Medium. There are examples of helping people save at no extra cost to themselves since they make a video once and it gets rewatched.
Oh, I forget you too Ayodeji Awosika. I’ve enjoyed your videos as well.
4. The ability to influence the behavior of others at a mass scale
Do you have the ability to change other people’s minds? Hormozi says if you can influence the thoughts of another person, you can change their actions.
“If you change the decision-making calculus like when people come to a new faith, you change all the downstream behaviors that happen as a result. And if you can do it at scale you can change the world while also making a ton of money.”
— Alex Hormozi
Maybe, if you have this skill or one of the other three, it’s time to game plan how you can use this skill to more effective use in some new way.
Final thoughts
I’m sure this is how Elon Musk has become the richest man on the planet.
He must have one of these skills, and he’s honed to make billions of dollars.
We can do the same by identifying the skill we have and developing this skill to its fullest capacity — so we can utilize that untapped potential in ourselves.
Thank you for reading my article. You might also like my most-read stories.
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