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
In episode #2562, we are discussing creator economy 2.0 and the different (theoretical) dynamics at play that make it difficult to build a creator startup in 2023. Tune in to hear a breakdown of the 4...
Ravi Theja Yada explains why behavioral analytics is superior to traditional metrics when it comes to understanding your consumers at the Leveling Up Founders' event. TIME-STAMPED SHOW NOTES:...
In episode #2561, you’ll learn how Warren Buffett’s approach to investing within his circle of confidence can be applied to content creation. Learn how to yield results by taking a simple but effe...