Success Habits of Billionaires: Warren Buffett, Elon Musk, Bill Gates, Steve Jobs, Mark Zuckerberg

Success Habits of Billionaires: Warren Buffett, Elon Musk, Bill Gates, Steve Jobs, Mark Zuckerberg


Hey, everyone. Stefan here from projectlife mastery.com. In this video, I’m going to share a few of some of the most powerful habits of the most successful people in the world today. These are people that are multi-billionaires. They’ve built amazing businesses. They’re the leaders of the world. They’re going to go down as some of the most influential people of our time. These are all people that we can learn from. We can benefit from. I believe in the concept of modeling. That if someone’s successful or they have certain results in their lives, that you can model them. You can identify the habits of what they consistently do every day. By adapting those habits, you can apply that to your life and you can get a similar result as them. Some of the habits that these multi-billionaires have are pretty extreme. They’re pretty insane. You don’t have to necessarily model them to a certain extent but you can apply maybe different elements of them to your life. What I found is that, there are some habits that are common amongst all the most successful people and I’m going to go into those as well. I’ve got here my computer. I’ve got a list of some of them. I don’t have it memorized so I’m going to reference my computer throughout this video. The first one, and you probably already know this. The first most common habit that a lot of very successful people have is reading, learning. They invest a lot of their time, their money to improve themselves. To upload information to their brain. This I something that we can all do. Right? Billionaires are doing this. They’re spending their time doing this and reading books is something that you can do. It’s very inexpensive. You can go to the library. You can adopt this habit to your life as well and that can help you change your life and change your mindset. For example, Warren Buffett, multi-billionaire. One of the richest man in the world. He reads 500 pages every single day. In fact, when he was first starting his investing career, he was reading 600 to 1,000 pages a day. He loves to read. He loves to feed his mind. This is someone who, in his 80s, is still taking massive action in his life and still learning as much as he was before. Here’s a really great quote that I like from Warren Buffett. Someone asked him what was the key to success and he said, “Read 500 pages like this every day. That’s how knowledge works. It builds up like compound interest. All of you can do it but I guarantee that not many of you will do it.” And it’s true. What people can do is amazing but what people will do, often times, is a little bit disappointing. He spends 80% of each day to reading. Insane. He’s not the only one though. Bill Gates. He reads 50 books every single year. That breaks down to one book a week. Bill Gates, constantly reading as well. Mark Cuban reads more then 3 hours every single day. Elon Musk, he was asked the question, “How did you learn how to build rockets?” He said, that, “I read.” Reading is one of the important things for him as well. Mark Zuckerberg, in 2015, he sets different goals and resolutions but he resolved to read a book every two weeks throughout 2015. Oprah Winfrey’s got her book club. She reads a lot as well. These are people that are multi-billionaires. Right? Reading is something we can all do. Do more of it. Learn as much as possible. Maybe it’s reading. Maybe it’s listening to audio books. Maybe it’s going to courses, seminars. These are all things that they all do. In fact, there is a really good study, 1200 wealthy people and they found, the secret was reading. What they found is, what you read is important. They found that they read self development, educational books about success. Different subjects like that. Tom Corley’s got a book called, Rich Habits: The Daily Success Habits of Wealthy Individuals. I’ll maybe link to that below this video as well. They actually did studies of people that have an annual income of a hundred sixty thousands or more, that’s what they read. Not just reading fiction books, fiction are great if you want to just entertain yourself, but they’re reading to learn. They’re reading to improve themselves. What are some other habits? Here’s another very common one. A very common one that is just very fascinating is that, all the most successful people, whenever I’ve done the research and studied them is they all workout every day. They all take good care of their bodies. They all have a habit, usually first thing in the morning. Right? They always do it in the morning. Most examples that I found, they do it in the morning. They workout, they exercise, they take good care of their body. They all do different things. Arianna Huffington does yoga. Barack Obama, he works out for 45 minutes every day, first thing in the morning. Richard Branson loves kitesurfing and he does that. As well as, he likes to swim. He likes to bike ride. He’s the founder of Virgin. He exercises a lot. Bill Gates gets on the treadmill every single morning. Oprah does cardio in the morning. She does weight training every morning as well. What’s fascinating about this is that these are people that are busier than you and I. These are people that have incredible responsibility in their lives. They employ thousands and thousands of people. They’re worth billions of dollars. People think, “Oh, they just have all this free time.” They don’t. They have the most insane schedules. Are travelling all around the world. They’re still working. Richard Branson is still working harder today than he was in his 20s and 30s. Warren Buffett. Steve Wynn, who’s the founder of Wynn and built a lot of Las Vegas. These are people that are extremely busy people and they still find the time to exercise. I remember, there’s a great example from Richard Branson, the founder of Virgin. He was asked the question, “How do you be more productive? What’s the key to productivity in your life?” He thought about it and he said, “To exercise.” He said, “When you exercise, you’re more productive throughout the day because when you take good care of your body, you’re going to perform at a higher level.” You got to understand that by taking good care of your body, your performance improves. Your focus improves. Your energy improves. These are all things that contribute to productivity. Not only that, but they also understand the importance of health that your health is your wealth. These are people that are multi-billionaires. They realize that, “I could have all the money in the world but if I’m not healthy, if I’m not vital, if I’m not radiant and strong, then I’m going to be the richest man in the graveyard.” Right? Taking good care of your health, very important. Exercise. Again, they’ve determined that, in the morning, that’s the best time that most often that they do it. What are some different habits to different people? A few of them are a little bit interesting. Some of them are a little bit extreme. For example, Elon Musk who founded PayPal, Tesla. He’s doing the space projects and stuff. Okay, obviously, these very successful people worked very hard to get to where they are. Right? They made a lot of sacrifices, but Elon Musk worked 100 hours a week for more than 15 years. A hundred hours a week for more than 15 years. Now, that’s amazing for achievement. Maybe not as much good for fulfillment. I know he’s had a few marriages and relationship issues and stuff, but he’s a multi-billionaire. Working over 100 hours a week for 15 years is how he did it. Bill Gates, when he was first building Microsoft, he didn’t believe in vacations. He worked weekends. He’s pretty extreme as well. A lot of these multi-billionaires they work extremely hard. They make sacrifices. Some of them, though, they believe also in the power of taking rest. Not every very successful billionaire works like a madman. They all work like a madman, but some of them take the weekend off as well. For example, forget who was Jack Dorsey, the founder of Twitter. He would take Saturday off. Then, Sunday, he would just spend for reflection for feedback to review the week and prepare for Monday. That was another common habit of some of these successful people is they usually spend Sundays to reflect on things and just really take that time to do an overview. I found that to be a powerful habit in my life too. At the end of every week, Sunday or maybe it’s Monday, but just reviewing the week. Looking at what went well. What were the wins? What were the successes? What were the accomplishments of the week? What could I do better? How can I improve and make more progress for Monday and for next week? Taking that time to effectively plan and strategize in that way, I think is also a very powerful habit that they all do. What are some other habits? Interesting ones of Mark Zuckerberg. Founder of Facebook. He’s got a few interesting ones. One is that, he wears the same thing every day. He wears the same clothes every day. He washes his clothes and stuff, obviously, but he like goes to his closet, I guess, he’s got the same shirts, the same pair of pants, everything is the same. The reason for that is to prevent decision fatigue. Making decisions requires willpower. There’s a great book called, The Willpower Instinct. It explains that we only have a certain amount of willpower throughout the day. First thing in the morning is we have the most amount of willpower throughout the day. It diminishes that’s why late at night, your willpower is not as high. You might just want to watch TV or eat, whatever, because you don’t have the willpower as much. He has realized, and Steve Jobs is the same way, that he just wears the same thing every day because he doesn’t want to have to think about what to wear. He doesn’t want to spend even 5 minutes to have to try to decide. Should I wear this or should I wear that? He just simplifies it and decides, “Okay, you know what? I’m just going to wear the same thing every single day.” Steve Jobs would even eat the same meal every day. Just the same food every day. He was known for just eating a lot of carrots and vegetables. One of his employees said that he ate so many carrots that at one point like he was turning orange. Not have to think about what to eat. Of course, we don’t have to take it to that extreme but just realizing that we want to simplify our lives in some ways. We don’t want to have to make as many decisions and be overwhelmed with that and just try to make your process of the day as simple as possible. That’s pretty interesting habit. Steve Jobs love listening to music. That was a habit that he had. He said that he doesn’t find it distracting. It actually helps his mind focus and he found it helped him get into the rhythm of what he was doing. That’s pretty fascinating. This is what Steve Jobs said, he said that, “If you’re trying to design a computer you will literally immerse yourself in the thousands of details necessary; all of a sudden, as the scaffolding gets set up high enough, it will all become clearer and clearer and that’s when the breakthrough starts.” He said, “It is a rhythmic experience, or it is an experience where everything is related to everything else and it’s all intertwined. And it’s such a fragile, delicate experience that it’s very much like music.” That’s what he had to say about . it. One habit of Mark Zuckerberg, Mark Zuckerberg… sorry totally butchered his name he sets challenges for himself. Every year, he sets new challenges. For example, he set a challenge for himself to learn Mandarin. Then, he set one to meet a new person every day who doesn’t work at Facebook. That was a challenge that he had. He spent a year only eating meat that he had killed himself. Pretty fascinating. He said about that, “I spend most of my time building Facebook, so these personal challenges are thing that I wouldn’t normally have the chance to do if I didn’t take the time.” He likes to challenge himself in different ways for that. Warren Buffett was really big on prioritization. Prioritizing throughout the day. Prioritizing your goals. He has an exercise that he recommend for all his employees, is set the top 25 goals of your life. He says, “Don’t prioritize your schedule. Schedule your priorities.” He asked a staff to write down top 25 career goals that you can use this for shorter goals. You can use this for longer goals. Whatever it is but make the top 25 goals and then just circle the top 5 goals. He says, you want to focus on your top 5 goals. He says, the other goals that you have, the other 20 goals, they’re not the goals that you have lower priorities. He says, those are the goals that you avoid at all cost because he says that those are the goals that are going to be the biggest distractions for you. You just want to avoid everything else and just focus and prioritize on the most important things. I’ll give you a great story that I also heard from Richard Branson about prioritization. He was being sought after by a company that wanted him to speak at a seminar. They emailed Richard Branson’s assistant and they said, “We want to have Richard Branson come and speak. We’ve seen him does speeches before. We love him. We want to offer him,” I don’t know, “$30,000 for him to come and speak.” His assistant replied back, “Sorry. Richard Branson is not available at this time to come and speak.” But they were determined. They wanted to have Richard Branson to come and speak so they offered him more money. I don’t remember the exact figures but they offered him $50,000. “We’re willing to pay $50,000 to have Richard Branson to come and speak.” The assistant responded, “Sorry. Richard Branson’s not available.” Then, they were even more determined and they offered $100,000. “We’re going to offer $100K to have Richard Branson come and speak.” They’re that committed. The assistant responded back and said, “There’s no amount of money that you can offer that will make Richard Branson come and speak at your event. And the reason for that is because Richard Branson right now is focused on these specific goals and outcomes right now in his life and he will not be distracted from those goals and outcomes at any cost. So it doesn’t matter how much you’re willing to offer. He’ll not be persuaded to come and speak.” That’s the power of focus prioritization. He knew what he was doing. He said no to all the other opportunities. Often times, most people get distracted so easily by the shiny object syndrome. There’s always new opportunities that come up that they don’t actually achieve what they’re set out to achieve. They set their goals at the beginning of the year and then all of a sudden, they get busy. Things come up. You can’t get distracted like that. You have to focus laser in on what you want to accomplish. Pretty fascinating about prioritization. Those are the main habits. I could go on and on. There’s a lot of great books and resources that go into some of the habits. I’ll maybe link to a few below in the video or on the blog post here. Another book was called, I think was called, What Successful People Do on the Weekends. It goes into the habits of what they do on the weekends and there’s a lot of different research for that as well. Of course, Stephen Covey’s book, The 7 Habits of Highly Effective People. Where he studied the 7 habits of effective people as well. I find it’s just really fascinating to study and learn because you you can model success. You can identify the commonalities of what people do and you can adapt those to your life. After watching this video, maybe you’ll realize, “Okay, you know what? I need to read more.” Or, “I need to exercise. Make that a habit.” Or maybe, “It’s waking up earlier and prioritizing things in my life.” These are all things that you can adapt to your life that could help you be more successful. That’s primarily what I want to encourage in this video for you is to develop new habits. Habits can change your life. You are what you repeatedly do every single day. Whatever you do is what you become. I understand that a lot of people, it’s very easy to set these habits or these rituals that you have, but the challenging part for most is to actually turn them into a consistent ritual. Something you do every day. Something that is going to be lasting. A lot of people struggle with that. I created a great course called, Morning Ritual Mastery, and I’ll link to that below as well. It’s a course that I created. A 7-day, 7-step process where I help over 7 days, help you create rituals in your life. Help you create a ritual you do first thing in the morning because we all have rituals but most people, their rituals are disempowering. They wake up. They watch the news. They eat junk food, you know, the donuts and the sugary cereals. All these foods that actually take away your energy. They check their email. They’re so reactive throughout the day. They’re stressed out. They’re not spending time to feed their minds. They’re not spending time to develop and cultivate their body, their energy, their health, which are all the successful things that people do. The course that I created helps people create a ritual but also how to make it last. How to do a 30-day morning ritual challenge is something I have included in the course. I share with you how you can create these rituals for your mind, your body, and your spirit. How to actually change your beliefs, your mindset about creating these rituals. How to make it a must. How to have accountability. All the things that I found to help you actually stick with these rituals long term in your life because those are the things that people struggle with most. If you guys want to check it out, I want to reference that in this video. Just click the link in the description to learn more about it. It’s a fairly inexpensive course but it’s powerful. We’ve had over 1,000 people go through it that love it. Shared a lot of great success and testimonials with it as well. Check it out. If you guys enjoyed this video, make sure to hit the thumbs up. The thumbs up is kind of like giving an applause if I were to speak at an event so I appreciate any applause or a thumbs up. Make sure to leave a comment below. If you know habits that you have that are beneficial, I’d love to hear what they are. Leave a comment below. Leave a comment if there’s other habits. I know I missed out a lot. There’s a lot of habits they have but I’d love for you to share or contribute to this video by leaving a comment. Of course, subscribe for more videos like this as well. Thank you guys for watching so much. I’ll see you in the next video.

51 thoughts on “Success Habits of Billionaires: Warren Buffett, Elon Musk, Bill Gates, Steve Jobs, Mark Zuckerberg”

  1. HEY MY GURU… U LOOKED VERY ENTHUSIASTIC IN THIS VIDEO…THAN THE VIDEOS I HAVE WATCHED YOU IN….. REALLY VERY NICE IT IS… THANKS A LOT FOR IT…

  2. I'm not a very psychology guy, but I once heard from a psychologist that any rituals that we follow on a regular basis are helpful in some sort for our psychology.

  3. Besides relaxing and praying , Writing improves thinking , especially if it is about the accomplishments of the day, it also increases self confidence and make you feel better like you are talking to your best friend , and by the time when you reward yourself for the good that you do , you will love yourself so much and refuse hurting her in any way , even by eating junk food as an example. and I am telling you this because I tried it , it's a very powerful habit.

  4. Your video gave me extra motivation to be more focused and intentional with less things, which I needed. Thank you! I especially love the tip to set your top 25 goals, then select only 5 to focus on. That may be my game changer 🙂

  5. Hey Stefan I have been watching your vids for awhile now and have a question. When you look back at who you was in your past and who you are today would you say that it was influenced by your will to be the man you've become or just destiny/optimum trajectory? Maybe both?

  6. Thanks for sharing, I have been exercising daily for several months, but recently slackened off and am just starting back, so glad I listened to this today, got me really motivated….. Lots of great insights too.

  7. I always hear reading and working out whenever I read / watch "habits of successful people" but the decision fatigue was actually different and extremely valuable. Awesome loved this one.

  8. Some habits I have, that I think are helpful, are writing a half page of "morning pages" and a half page of gratitude. Morning Pages is this exercise from the book The Artist's Way and it's an exercise that helps allow a person to express whatever is on their mind (it's basically free association writing first thing in the morning when you're still not quite fully awake yet). I believe I've become more authentic with myself and others with the exercise 🙂 And the gratitude journal just leaves me feeling great about my life and starts my day with happiness. When I worked my 9-5 job (now I have my own business), I used to get ready in the mornings while listening to any of Marie Forleo's youtube playlists (before discovering Project Life Mastery) and I absorbed a lot of great info while doing my hair and make up. Even at work, I would listen to audiobooks or podcasts like School of Greatness while doing low-level-thinking tasks (like Photoshop) and I found it a great way to absorb awesome information. I don't consider myself to be a great reader, but I found YouTube, audiobooks, podcasts to be my favorite ways to learn. Lastly, for the last few nights, I've been listening to chakra clearing music at a very, very low volume when I go to bed and I've been waking up and feeling really good. I have no idea if this valid or whatever but because I felt good, I thought I'd share anyways 🙂 Thanks for another great video, Stephen. You're a real inspiration!

  9. awesome… thanks. I guess we more or less know about these who wants to make an effort to improve themselves, but the point is to actually do them…the will power to put these to action on a consistent basis.. becomes the challenge. Thank you for putting the video..!

  10. I liked the story you told about Richard Branson "doing what he sets out to do" instead of succumbing to every other distraction! 🙂

  11. This is what I needed. I am much older now, but I still feel I have something to offer. I am convinced that a morning ritual of Exercise will move me in the right direction. Thanks again, God bless You.

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