Many of my mentors are billionaires, so I’ve studied them extensively, and here’s what I’ve discovered; billionaires are billionaires because they all follow a set of unique principles that help them persevere where others find challenges. So let’s run through a few of these today.

1. Simplicity Of Their Purpose

Billionaires are billionaires because when they went about building an empire, they were hyper-focused on a specific objective. All their effort and energy was dedicated to pursuing that clearly defined purpose. When we look at our goals as a whole, they seem massive & imposing, but I want you to work each goal until they can all be stated in a single, easy-to-understand sentence.

2. Simplicity Of The Plan

Billionaires are not known for having highly detailed, highly elaborate plans. Keeping things simple helps everyone focus on the activities that will be most impactful to the overall result.

3. Limit What You Tolerate

Billionaires limit what they tolerate. It sounds harsh but it’s actually brilliant. They don’t tolerate incompetent or unhelpful people. They don’t tolerate an absence of results. And they ask themselves on a daily basis, what can I get rid of today to make tomorrow better?

4. Delegation

From personal assistants to the members of the board, billionaires cultivate strong professional relationships so they can rely on others when they need it most. No single individual could create the leverage and momentum necessary to generate billions of dollars.

5. Dedication To Others

Billionaires are also obsessively dedicated to people. This obsession can manifest itself in a variety of ways; some billionaires are obsessed with creating the absolutely perfect product, some are obsessed with spreading success and wealth throughout the world. But it’s all ultimately about people.