By Chris Miksen, eHow Contributor
People don’t just luck into a billion dollars. And if they do, their newfound fortune doesn’t typically last. Billionaires may operate their companies vastly different from one another and also may have different goals from one another, but most share a few common traits. These traits set billionaires apart from the rest of the population -- at least in terms of earnings.
Focus
- Billionaires possess a strong focus that allows them to accomplish their goals and take their ideas to the next level. Focus is the trait that often separates successful people from unsuccessful people. Take, for example, Warren Buffett, who has a net worth of over $50 billion as of March 2011. According to Forbes, Buffett read every piece of writing about investing in stocks in the Omaha, Nebraska public library by the time he reached 12 years of age. Buffett knew what he wanted to do at a young age, and he had the focus to accomplish it.
Education
- Every billionaire has a wealth of education, but not necessarily formal education. Some billionaires educated themselves. For example, Bill Gates took it upon himself to read encyclopedias as a youth and also spent much of his time learning how computers worked, according to Biography.com. Gates, of course, went on to become the founder of Microsoft and has a net worth of $56 billion as of March 2011. Bill Gates attended college, but he did not complete his studies, opting to drop out to further invest time into what would become Microsoft.
Motivation and Desire
- Without motivation and desire, laziness and indifference set in, preventing people from reaching their best performance. Billionaires are set apart from others in that they have a fiery passion for what they do, and their desire and motivation is matched by only a select few. For example, Sam Walton, founder of Walmart, grew up during the great depression. His motivation to help his family and himself fueled his desire to work hard and go to college to earn an education. According to InvestingValue.com, Walton majored in economics. His desire to learn about retail and what made popular stores successful drove him to create the first Walmart store. Walton’s desire and motivation have propelled the Walton family to a mult-billion dollar net worth.
Multiple Skills
- Billionaires have the capacity to learn about several subjects in-depth. For example, Larry Page and Sergey Brin, co-founders of Google, are experts in computer technology. However, for Google to become a success, they were forced to apply their business knowledge. They knew that the search engine could serve as an engine for ad revenue. Aside from their business and computer knowledge, they also possess natural leadership, which allowed them to successfully organize and run the company.
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