Episode #502
How Billionaires Are Different From Millionaires
December 15, 2017

On episode #502, Eric and Neil talk about what makes billionaires different from millionaires. Tune in to hear about the attitude and outlook that drive these successful people.

Time-Stamped Show Notes:

  • [00:27] Today’s topic: How Billionaires Are Different From Millionaires
  • [00:35] Eric shares his experience speaking with billionaire, Naveen Jain.
  • [00:59] Based on his encounter, he believes billionaires are more hands-on, think bigger, and respond more quickly to calls and emails.
  • [01:38] Neil thinks billionaires are really big on solving problems.
  • [02:31] Eric uses AirBnb as an example of being a company based on problem solving.
  • [02:54] Uber is another example of a company that made money solving a basic problem.
  • [03:26] Jeff Bezos has been quoted as saying, “Your margin is my opportunity.”
  • [04:05] Billionaires are billionaires because they think “big”.
  • [04:20] Money indicates how much value someone brings at the end of the day.
  • [04:37] Billionaires don’t know when to quit; never say die.
  • [05:02] Elon Musk’s ex-wife says billionaires are like trying to fit a square peg in a round hole.
  • [05:33] Warren Buffet is the final example of a archetypal billionaire.
  • [06:14] That’s all for today!
  • [06:18] Eric and Neil recommend the Problem Solvers podcast, because there is an episode about Burrow, the Dollar Shave Club for couches. To listen go to singlegrain.com/solve

Leave some feedback:

  • What should we talk about next? Please let us know in the comments below.
  • Did you enjoy this episode? If so, please leave a short review.

Connect with us:

Discover Latest Episodes

Episode
This Ex-Advisor Reveals the REAL Path to Wealth
February 28, 2024

Humphrey Yang discusses the financial challenges faced by younger generations and offers insights on building wealth. He highlights the significance of saving and investing, recommending a focus on in...

Episode
Counterintuitive YouTube ads strategy, Google’s 7-11-4 rule, Multiplying content using AI, Amazon’s excellent operations & more
February 28, 2024

In episode #2687, Eric Siu, Ralph Burns, Kasim Aslam, and Neil Patel discuss various strategies and insights related to AI in marketing. They share their experiences and highlight what has been workin...

Episode
Google’s huge flop with woke Gemini, Google’s search results getting worse, and Google News Showing Political Bias
February 27, 2024

In episode #2686, we delve into the issue of political bias in Google News and its implications on the information people consume. We refer to a study conducted by AllSides, revealing that 61% of the ...