You Can Learn a Lot From People Who You Work For. Here Is What You Can Learn Working for the Rich.
You are the sum of the people you surround yourself with. So if you surround yourself with rich people, what do you learn?
In this article we’ll explore some of the things people learn when working for high net worth individuals and what things you can apply to your own life.
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Look at Results, Not the Process
People love to look busy. They love to hate having a full calendar.
Because when they look busy, they assume they look important.
But rich people don’t really care about that. At the end of the day, did we get plus or a minus?
It doesn’t matter if you worked 2 hours or 12 to get there. All that matters are the results.
Everything Is a Number
We said it countless times, what can be measured, can be improved, and with extremely rich people, this is no joke.
When it comes to business, they need to quantify everything they can, to enable them to make smart decisions.
The better you are with numbers, the better you are at figuring out what’s holding you back.
12 Hours Days Are a Myth
Naval Ravikant, one if the most inspiring investors of our generation, had this to say:
“Let’s get serious. Nobody works eighty hours a week. Not eighty real, productive hours.”
There’s this myth that really rich people work tirelessly hours and hours with no end to get where they are. That’s simply not happening in the real world.
Instead, what’s happening is short bursts of highly productive work. We’re talking a couple of hours, every few days, or a couple of days, every few weeks.
Realistically, no one can work 80 hours a week and be productive at the same time. That’s just being busy for the sake of being busy.
What they really excel at however, is being insanely productive in those short bursts of work. That’s when they set the groundwork for what’s to come.
By the way, we have a really good video on Naval which you guys missed. Make sure to check it out after this one.
Consistency Is Most Important
So if they are not working 80 hours, what do they do in the rest of the time? Being consistent.
It’s not the short bursts that keeps them moving, it’s the daily, boring, consistency of doing the most efficient minimum, to keep the ball rolling.
If you work out for 3 hours until you can barely move, you won’t lose much weight. If you walk for an hour every day for a whole year, that’s another story.
Buy-in to the Vision
Extremely rich people have really good teams around them. And the only way to be a part of that team is to buy in the vision. To really understand where that person is trying to go and to believe yourself it’s doable.
If you’re in it for a paycheck, you won’t last for too long.
This also builds loyalty, consistency and progress with your team.
No one can go far alone, and people need strong teams around them.
But if the people working around you don’t understand where you’re trying to go, they don’t really know what to do. So it’s your job to really sell the idea and make the vision possible.
Control Your Emotions
One thing you learn from working with really rich people is controlling your emotions. It’s easy to get frustrated or even overhyped on something, and completely lose your direction.
The moment you start making impulsive calls, that’s when you need to slow down and take a step back.
And since they are usually working in high risks environments, controlling your emotions is crucial. That’s why most successful people use some form of meditation to keep them grounded.
And that’s something we constantly use ourselves to maintain a healthy approach to life in general.
It’s Not Always About the Money
Rich people understand that money is a tool. It’s the result of providing value to someone else.
If you work towards making life sucks less for someone, money will eventually come.
At the end of the day, it’s more important how you make your money, rather than how much you make. Sometimes, a good night’s sleep is more important than some extra cash in your pocket.
Constantly Look For Dots to Connect
A rich person’s job is basically to figure shit out.
To understand how things work, how they relate to each other, and how to bring everything together.
That’s why they invest heavily in educating themselves, and why they seek to understand as much as they can about the world.
So there’s no surprise when you see rich people often working closely with experts in their fields.
They Look For Deals
Someone said that you can’t afford something if you can’t buy it twice. Let us know in the comments if you know who said that.
Rich people go poor when they constantly buy the newest thing at full price.
Mid-class people do the same thing by the way, in a quest to look rich.
But people who are good with money will buy expensive winter clothes in the summer, at a discount.
They Have a Budget
You’d think that having a ton of money means you never look at the price tag.
That’s not actually the case. When you work with rich people, you realize they actually have a very thought out budget for everything they do.
Just because they have money, that doesn’t mean that money is sitting around doing nothing. Most of the time, it’s delegated to other projects or invested.
So when they budget for something, they really need to understand what exactly is the money buying them. They don’t look at the cost of something, but rather at what’s giving them in return.
An expensive supercar won’t give them much back, besides the thrill of trying not to crash it.
A personal jet however? That’s giving them back time. Which brings us to our next point.
Time Is Their Most Valuable Resource
Save a rich person $2k a day, and cool, you may get a nice bonus. Save a rich person 2 hours a day and you may get a new life.
The most value you can bring to a high net worth individual is time.
If you manage to figure out how to save them time and energy, you’re golden.
That’s why they delegated a lot of things they don’t have time to do anymore. It’s the only resource they can’t make more of.
If you would also like to have more time on your hands, check out 15 Biggest Time Wasters in Life.
It’s Easier To Train Than to Replace
We talked about rich people surrounding themselves with experts, but one about other people?
It’s known that you should hire the best talent you can find but what’s not that talked about is training your team.
This point goes hand in hand with buying into the vision. What you see with a lot of rich people is how many resources they invest in their own team.
Entrepreneurs with a good managerial side will find people who believe in their vision and then spend time training them and give them a path to become the best they can be.
A great talent can do good work, until he or she finds better work. A passionate individual who believes in your vision will do better and better work, as time goes on, often outperforming a great talent.
This may be one of the simplest things on the list and one of the hardest to understand. One surprising thing you notice when working closely with rich people is their ability to just .. show up.
And this can mean a lot of different things, from being present to a conversation, finding a book that may hold answers, getting into meetings with important people and so on.
Being 100% present when it matters is the thing that’s opening new doors.
More Streams of Income
When working with extremely rich people, you notice they never resume on just one stream of income. Not because they want more money, but because they want more financial security.
If that stream breaks, that means no income. Those of you who went through our Goal Mastery Course should be familiar with the Pipeline Method.
Those who are really good with money are constantly looking for more pipelines to add to their cash flow.
There’s Always the Next Thing
It’s a never ending cycle. Build a business, sell it, build a new one. Invest in something, profit, invest in something else.
This goes for experiences as well. When you have everything you want, you get a need to find something else. Sometimes, even though rich people may look like they’re having the time of their life, in reality, things just get diluted with every new experience they have.
And those who don’t realize this, and don’t take the time to slow down and enjoy life, end up miserable.
This brings us to the question of the day.
Have you ever worked with a really rich person? What have you learned? Let’s get a conversation going in the comments!