Bill Gates was first announced as the wealthiest person in the world back in 1995. For those who don’t know, 1995 is the same year that the first Toy Story movie was released. So, naturally, at that point in my life, I was more focused on figuring out if my toys came to life while I was out of the room. (My research was inconclusive.)
Bill Gates was not born into his wealth. In fact, he comes from relatively humble beginnings, as you may have seen in the Netflix documentary, Inside Bill’s Brain: Decoding Bill Gates. For this reason, Bill is the perfect example of a self-made billionaire.
I’ve always been fascinated by Bill Gates. So, I decided to spend time studying his achievements and journey in life. During my research on the life of Bill Gates, I made a discovery – He has left a clear path that others can follow. He’s not kept any secrets along the way. If one wishes to become the wealthiest person in the world, Gates has left a map for anyone to follow. I have found five primary skills that one must acquire to achieve great levels of wealth and success.
Five essential skills that lead Bill Gates to become the wealthiest person in the world:
Once these essential skills are understood and implemented into your life, everything you do will succeed more as a direct result. This is exactly what happened to Bill Gates, and it can become your story as well. Let’s dive in!
Five essential skills that explain how to become the wealthiest person in the world:
Decide what you want to do in life and why you want to do it. Then stand by it. Live by it. Figure out your purpose. Clarity is the first step to becoming a wealthy person. Without clearly knowing where you’re going and why you’re going there, you’ll fall apart along the way.
If you want to create an exceptional life of success, it’s going to take clarity. Bill Gates isn’t the only one who talks about the importance of clarity. In fact, I believe that any highly successful entrepreneur is going to tell you that clarity comes first.
Here’s a podcast episode on the topic: The Power of Clarity and Why It Matters
Clarity begins with self-reflection. Sit down with a notepad, put away your phone. Think about the past, think about the future, and ask yourself tough questions. Then ask yourself, “WHY?” questions about what you’re telling yourself you want until you get to the foundation of your ultimate reason for being who you are and desiring to do what you want to do. (Deep stuff, I know!)
Bill Gates has been quoted, saying, “I built the world’s largest business in 9 months.” You and I know that Bill Gates’ achievements took much longer than 9 months. However, when you study what he’s built, the entire foundation of his business was created in 9 months back when he was in his early twenties. He literally locked himself in a room, only stopping to eat, drink, and occasionally sleep. During that time, he was focused and built what today is the largest company in the world.
Ultimately, Bill Gates said focus is what caused him to succeed. It’s something we all need to get better at.
We live in the most distracted time in all of history. Perhaps social media is to blame. Or smartphones, but either way, many of us lack the ability to focus in a way that previous generations did not struggle with.
It’s going to take self-discipline for you to overcome distractions, but if you want to succeed, learning to focus is something that you must learn to do. For more on this topic, check out this post I wrote about time-management titled, ‘5 Simple Ways to Begin Taking Control of Your Time Today‘
In addition, this podcast episode will teach you to overcome distraction in your life: How to Control Your Attention and Choose Your Life
Execution is the ability to get the things that matter done faster than anyone else. Bill Gates succeeded because he was able to execute the most important tasks, no matter how big they might have been.
This is where people struggle the most. We look at a massive task to undertake and don’t even know where to begin. So, we either make very slow progress or don’t make any progress at all.
Here’s a short video I recorded on the topic of execution:
How to execute big tasks:
You have to figure out how to take apart complex tasks and break them down into comprehensible goals. Think big picture, then work your way down to the small important things that need to happen.
The Great Wall of China was an impossible task to complete. Yet, the Chinese succeeded because they executed what was most important. Setting one brick down at a time. Over time, executing the act of setting one brick down at a time created what we know today as the Great Wall of China.
Find that next brick you need to lay to get closer to achieving your bigger goal. Remember, execution is key to succeeding!
Here’s a podcast episode about Amazon made it happen: How to Grow Your Business Like Amazon
Find the biggest, wealthiest, most influential player in the space you’re entering that is willing to partner with you.
Bill Gates said one strategy that he uses to build his business was to attempt to form relationships with the best of the best. Here’s Bill’s simple formula:
- 1st Step: identify the people who are the best of the best in the field you’re wanting to get into.
- 2nd Step: reach out to them asking to partner/work together.
- 3rd Step A: if they say yes, be ready to work for them. Don’t expect as much as you give.
- 3rd Step B: if they say no or don’t respond, don’t get down about it. Simply go to the next best person and repeat the process. If they say no as well, continue down the line until someone says yes.
Relationships matter. Having a tribe, or community around you is going to help you go further in life and in business. I’m writing this blog post because I have the right relationships in my life.
If you think you’re missing some key relationships to help you excel both personally and professionally, I want to encourage you to check out three podcast episodes that will serve you well today. (Do not underestimate the power of this skill!)
- How to Build a Strong Inner Circle
- How to Build Lasting Friendships and Why They Matter
- The Vital Role That Interdependence Plays in Your Business
Do everything in your power to serve and help others succeed in their own lives. If you ever watch anything about Bill Gates, he does everything in his power to help everyone around him succeed. He puts the basic needs of others above himself. He helps people who need help. Bill Gates is known as someone who gives everything.
If you’ve ever heard a podcast episode where I was the guest, you’ve probably heard me say this line:
“I seek to be a person of value, not a person of profit.”
Many of my friends laugh because if they are doing an impression of me, this is one of the lines they’ll use. But, I love that. Because it’s become who I am at my core. If you’re doing what you do for yourself (selfishly or from a place of self-service) then you will never succeed.
The people that achieve the most in life are the ones that are focused on adding value to the world around them, not themselves. Keep this in mind, no matter what it is that you’re doing.
Becoming the wealthiest person in the world won’t happen for all of us. However, if you are one who has this deep desire to walk down this path, the map has been placed before you. If you can grasp the power in these five essential skills, you will have what it takes to become the wealthiest person in the world.