Be careful: these are the financial habits that made Bill Gates, Elon Musk and other ultra-millionaires rich

Many people look for formulas to be able to have an economic life without worries and stress, however, there is none. What there is are advice and interviews that have been given by the richest people in the world, over the years.

Author of the book ‘Rich Habits: The Daily Success Habits of Wealthy Individuals’, in Spanish, ‘The daily habits of success of rich people’, Corley carried out a detailed study where he collected information from different interviews he conducted with successful entrepreneurs and millionaires.

For this reason, we can draw a list of practices that have helped personalities such as billionaires such as Bill Gates, Elon Musk, Warren Buffet, Jeff Bezos or Mark Zuckerberg, to accumulate a fortune, many times, easily and quickly.

Bill Gates, the business tycoon, co-founder of Microsoft. | Photo: Jack TaylorGetty Images

What do these billionaires have in common?

The first thing they could recognize among these rich people is that they pay their bills and services on time. And it is that avoiding fines, sanctions or becoming delinquent debtors is the first thing these people do.

Another of the things that the most billionaires take into account is knowing their wealth, these magnates know how much they are worth and they know that financial institutions value them if they had to apply for a loan. In fact, Elon Musk collected all of his assets when he was about to buy the social network Twitter.

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk
The CEO of SpaceX, Twitter and electric car maker Tesla, Elon Musk. | Photo: JOEL SAGET, AFP

Other things they do is make long-term investments, because they understand that short-term investments do not generate significant wealth. For example, the former CEO of Google, Eric Schmidt, assured that these short-term investments “will not make you rich”, but instead recommends thinking long-term and not trying to beat the market in a short period of time.

The former CEO of Google assured that AI could "hurt"
Former Google CEO Eric Schmidt. | Photo: Eugene Gologursky, Getty Images for SmartContract

These billionaires diversify their sources of income, they do not settle for just one, and although being rich makes it much easier to diversify, it is a strategy that can be adapted to anyone.

On the other hand, these people decide not to spend their fortune on objects or clothing that give status, to simply give a relevant image of their wealth. According to various media, it is said that Warren Buffet had his first iPhone when he was given one as a gift.

In the education aspect, these billionaires recognize the value of studying and investing time in it. For example, Bill Gates is known to be a great reader, as well as Mark Zuckerberg.

Finally, millionaires always surround themselves with a good work team, since they recognize that they cannot do everything by themselves. This is why they surround themselves with experts who can help them make good decisions. Without a doubt, all this is a reflection and teaches that wealth is not the result of simply a matter of luck, but rather it is from having discipline, consistency and knowledge of the financial world.

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Be careful: these are the financial habits that made Bill Gates, Elon Musk and other ultra-millionaires rich