According to Paretos Principal the 80% of output is the result of 20% input this rule is also called 80/20 rule. This Principal is also accurate for the wealth distribution of the world. According to this 20% of People Posses 80% of the wealth of world. You've heard it before did you ever wondered what's special in those People. Dont take stress I am here today's article is about that.
Some people say they are just lucky, I don't believe them according to me they have certain skills and traits which make them different
from others so in today's article I'll explain
Skills of highly wealthy people
Note:- I am not saying this is the only way. Or if you have these traits you are highly successful and wealthy, there are many other factors but these 7 traits are common in most of the people.
1. Time Management.
Do you what successful and other people have in same.
Time, Everybody gets same 24 hours 365 days but some become billionaire and other live a common life. 
"If you will not control your schedule, your schedule will control you."
The most successful people in the world has a value of time,
The moment you understand your value of time you'll see a drastic change in life. Here is 3 formula which most of successful people use.
~ Time Blocking :- Time blocking is a technique used by many billionaires including Elon musk, it includes blocking time for diffrent tasks. like Mr Musk has blocked time per minute. 1 minute for each meeting.
Similarly you can batch you whole day in different hours or 20 minutes
like you can give first 20 minutes for mails,then for messages,another for project or buisness. There can be unlimited ways of batching your day chose one you are comfortable in.
|Understand Value Of your Time.|
Do you know Jeff bezoz earn $2,537 per second this means jeff will not spend a second for picking up money untill its above $2500, but what we do we spend hours negotiating for just $10 you must calculate your value of time.
Suppose your per hour value is $50 then dont waste a hour until the return is more than $50. if you spend time with family or your loved ones dont apply this in that senario. because spending time with family gives you happibness and fulfiment thats priceless.
Try batching your task into 3 catogries
1. MUST DO
2. CAN DO ( if have time)
3. WILL do
3. WILL do
2.Money managment
Along with time managment money managment is also an important skill,
It Includes Tracking, Budeting, Saving, Investing money wisely so that it is profitable in long run.
Create a Budget: Many individuals don't spending plan since they would prefer not to go through what they think will be an exhausting job , including numbers, and ensuring everything lines up. In case you're awful with cash, you don't have space for pardons with planning. On the off chance that everything necessary to get your spending on target is a couple of hours working a financial plan every month, is there any good reason why you wouldn't do it? Rather than zeroing in on the way toward making a spending plan, center around the worth that planning will bring to your life
Track your Spending :- Always keep a record of where you spend, how much you spend and what is value you are getting back. remember :-
"Price is what you Pay, Value is What you get"
Invest Your Money:- Robert kiyosaki suggests no matter what condition you have always put 20% of your for investment, Robert himself has a debt of million dollars when her planner said we will first repay loan and then save money and invest, Robert refused and despite of pressure from lenders he and her wife saved 20% of their income for investing, Later on he repayed all loans and beacame a billionare.
Warren Buffet said:- " Somebody is sitting in shade because Somebody has planted a tree long time ago. So if you save money today someday the money will save you. Investing your money will increase it in long time. Start investing Today.
3. Assets and Liabilites
Most of the public has no idea about Assets and Laibilites, if you want to know about in detail comment below.
for now Assets are the things which add money to your pocket, While liabilites cost you money.
Make List of your Laibilites and try to reduce them. in book Rich dad Poor Dad Robert Has mentioned that his rich dad had teached him assets and liabilites through a monopoly game 4 Blue hotels are equal to 1 Red hotel.
similarly you can make 4 small assests and they will help you to make 1 big Asset
click below to read my article on
7 assests which will make you rich
4. They do What is Important.
Majority of population think most succesful people do what they like well thats a myth,
maybe they have started or they are in a feild which they like. But that dosent mean they only do What they like, They priotize their task and only do things which is important and beneficial for them in a long term.
What is Important for a student, Ofcourse study but no one likes to study textbooks
A book in your curriculam magically becomes boring. Our brain is designed in such a way that its resists boring and hard work but most of the time important tasks are boring ones. so do what is most important for you.
5. Innovation
Steve jobs said "Innovation diffreciates between leader and follower."
Many people say they earn a lot because they do bad work, illegal stuff and all well thats wrong Most of Entreprenuers earn beacause they add value to others life The more value you can add to others life the more you can earn.
Many of the people try to copy others , its your life dont copy others because they earn more just learn from them dont copy their everything,
Create something Valuable which can do welfare of humanity. All big entreprenuers focused on solving problems, Microsoft focused on making GUI based OS, Tesla focused on envoriment protection and carbon emmission problem, Amazon focused on Commerce related problem.
6. Action Oriented
Do you dream about big things having great car big bunglow thats what most of us do everybody has a dream of a luxurios life,
But people who sucessful in acheving it, Take action.
Other people just dream of acheving big in life they keep taking small actions.
have you heard "Action speaks louder than words.:"
Try breaking your goals in small parts say you have to clean your house, its a very exhaustable word break it into peices in morning you will clean books and almirah
in afternoon you will clean webs and bathroom and in evening you will clean floor.
This make task really easy. and you will be motivated each time you complete a segment.
7. Discover Yourself.
Life is 1% what happens to you and 99% how you react to it.
There are lots of choices in your life, the people who are sucessful know thier Powers and abilites. You have to understand your pros and cons life is just a game. Death is the only end. Nothing else can stop you.
1. Make list of your skills and abilites also include your weakness.
2. Talk to people you Trust.
3. Build new expereinces
4. Take self assesment Tests
5. Learn new skills
And again dont waste your time
" And inch of time is equal to an inch of gold, But you cant buy time with a inch of gold".
Thanks a lot
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