Before becoming a billionaire, Steve Adcock worked as a programmer alongside his wife, until he decided to start investing 70% of his income. So he was able to retire at the age of 35 and now occasionally writes about finance. Thus, one of his writings brings some “advice from a billionaire” which can be very useful to all of us.
Learn from a billionaire
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According to Adcock, you need to take some action as soon as possible before it's too late to regret it. He attributes to his pre-disposition the fortune he made with his wife and detailed more of his good choices in five important tips. Below, you can check out what advice these are:
Say “yes” more than “no”
Adcock says he has had to take a risk several times in his life, but it was important. In addition, he says that several times he had to overcome the fear of uncertainty to make his dreams come true and with that he learned that it is better to say yes than to say no.
Forget your competitors
According to Adcock, one of our main mistakes is the constant comparison we make with other people's lives. That's because this activity will take us a lot of time from what we really should be doing: focusing on our own growth.
Stop trying to please everyone
For this billionaire, the impossible attempt to please everyone at once will only undermine his potential. So, focus on doing what you believe is right and not what people believe will make you happy.
Stop spending so much!
Saving just 20% of what you earn is pretty pointless, says Adcock. He even stood out for being able to sacrifice and save and invest 70% of what he earned. However, he advises that saving 50% is the best option for everyone.
Prioritize Emotional Intelligence
Finally, Adcock says that it is necessary not only to focus on the intelligence of content, as the intelligence that is measured by IQ tests. For him, it will be more important to develop emotional intelligence, which is responsible for teaching to prioritize mental preparation in difficult situations.