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

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