Asking Billionaires How They Made Their Money | Summary and Q&A

14.1K views
March 17, 2023
by
Simon Squibb
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Asking Billionaires How They Made Their Money

TL;DR

Learn from billionaires to avoid regrets, embrace fear, take risks, and persist in pursuing your business ideas.

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Key Insights

  • 😨 Fear and discomfort indicate that you are pushing yourself and trying hard to succeed.
  • 🥡 Regrets are often tied to missed opportunities, emphasizing the importance of pursuing ideas and taking action.
  • 💯 Building a business will never be perfect, but it should not stop you from sharing your ideas and starting now.
  • 🥡 Success requires resilience and persistence; it takes time and effort to achieve meaningful results.
  • 🉐 Being young and having no money can be an advantage in starting a business in today's digital age.
  • ❓ Learning from the experiences and wisdom of billionaires can provide valuable insights and lessons.
  • 🗯️ Personal and business decisions should align with moral guidance and doing what feels right.

Transcript

okay first if you don't feel nervousness if you don't feel butterflies in your stomach if you're not fearful of something you're doing you're not trying hard enough or the average of the five people we're closest to so you better choose your five pretty carefully do you have any regrets I have many regrets I'm a multi-millionaire today because I le... Read More

Questions & Answers

Q: How important is it to feel nervous or fearful when pursuing something?

Feeling nervous or fearful indicates that you are pushing yourself and trying new things. It is crucial to embrace discomfort and take risks in order to grow and succeed.

Q: Why is it important to avoid living with regret?

Regret is often tied to missed opportunities. By taking action and pursuing your ideas, you can avoid living with regret and potentially create something impactful in the process.

Q: Why is it essential to start a business even if it's not perfect or lacking traction?

Waiting for a perfect, flushed-out idea or extensive traction can hinder progress. Starting now allows for learning, adaptation, and the possibility of getting feedback and improving along the way.

Q: How important is persistence in achieving success?

Success takes time and resilience. Being persistent and not giving up, even in the face of challenges and setbacks, is crucial for long-term success in any endeavor.

Summary & Key Takeaways

  • Not feeling nervous or fearful means you're not trying hard enough; embrace the discomfort and take risks.

  • Regrets are often tied to missed opportunities; don't be afraid to pursue your ideas and avoid living with regret.

  • Building a business will never be perfect, but that shouldn't stop you from sharing your ideas and starting now.

  • Success takes time and resilience; be persistent and understand that it may take years to see results.

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