How Billionaires Think: Decoding The Billionaire Mind

[JordanWelch]

This should be a must watch for anyone interested in become an entrepreneur.. one of the best pieces of content I’ve seen on the topic.

[samovenstv]

Today's video is different... I setup a whiteboard at my new place in LA to try a new style of video... Let me know what you think?

[clubgel]

this is not just to do with business. This is basically the unlock code to life

[luizalmeida]

1. how do you see yourself.
2. how do you see things.
3. how do you see others.
4. how do you see solution.
5. how do you solve.

[kwanhokim]

Notes from the video:

FULL STACK:

FOUNDATIONAL LAYERS...
1. **MENTAL AWARENESS:**
- SELF-AWARENESS: Aware of yourself and the pattern of your thoughts. Third person view of yourself.
- IDENTITY: Your self-image. Your images of yourself can be limiting or empowering. (Thinking you're not good at math)
- BELIEF SYSTEMS: Your beliefs can be limiting or empowering. (Making money is bad)
2. **MENTAL COGNITION:**
- 1PROBLEM SOLVING (methodologies, mental models, perspectives, frameworks)
- THINK CRITICALLY
- 1PRIORITIZE (many delay on mit and prioritize useless things)
- SCHEDULING (upsides, downsides, effect horizon, priority, discarding if not important)
- PLANNING
- BREAKING INTO CHUNKS
- DELEGATING
- CONTINGENCIES
- PATTERN RECOGNITION (solving patterns in own behavior, business, data, industry)
3. **BUSINESS PRINCIPLES:**
- VALUES, BELIEFS AND PRINCIPLES OF HOW TO RUN BUSINESS (thinking from first principles, long term focused, customer obsession, long term cash flow etc)

4. **BUSINESS DISCIPLINES:**
- ACCOUNTING, FINANCE, TAX, LAW, MARKETING, SALES, PRODUCT DEVELOPMENT, MANAGEMENT ETC...
- SUCCESSFUL PEOPLE ARE ALL FULL STACK (IN BUSINESS DISCIPLINES AS WELL)
- Hires are mostly one discipline stacks so don't see the interconnectedness

5. **PROCESSES:**
- Tools and skills of a business discipline

IF YOU'RE FULL STACK YOU CAN DO THE WORK OF 30 PEOPLE BY YOURSELF AND MOVE 100 TIMES FASTER THAN THE THIRTY PEOPLE WOULD AS A TEAM.

BILLIONAIRES ARE T SHAPED. BROAD KNOWLEDGE AND OBSESSIVE FOCUS ON ONE DISCIPLINE.

[dimebagdarrell]

Sam, this is the BEST video out here in Youtube about how billionaires think, in Novermber 2021 I decided to leave my corporate job because I already had various skills because of my path carreer (I've always had a different job, and learned different skills) but I always lacked sales, so I started on Life Insurance sales. I failed and got fired in 4 months because I couldn't hit a profitable market but I stuck in the sale department, thank god I had one of the best sales course with the Life Insurance company, I moved to real estate in my local town and it's been 4 months now too. No one taught how to get clients and be known by everyone, but I forced myself into learning and now thanks to a bunch of skills I've learned and as you say, I can interconnect those as a whole...I'm finally about to hit my first million dollars this year.
You're very intelligent and I loved your eloquence, this is pure gold, I can't thank you enough.

[franciscohuerta]

Sam. I can’t tell you how much I appreciate this video. You have taken multiple books, lessons, college degrees and years of research and put them into less than a 1-hr video. You should write a book based on this video. I would 100% buy it. To be able to break down the concepts you explained into chapter long lessons would be priceless information. And with this video you single handedly destroyed 99% of the “internet gurus” who only sell processes and tools. They KNOW the stack is not working and they prey on that. They know their market. They aim for people whose lower level stacks are flawed. And they upsell them ideas and more tools but never ever take the time to do what you just did for free. I will share this far and wide. Thank you. Subbed, liked.

[percyzengeni]

Sam, in my books, you are among the richest people in the world, but what makes you different is you are inviting everyone to be rich and successful. Sir, your invitation is honored, we are all coming. Thanks Sam!

[favouruzoma]

This has really redefined how I’ll live my life from now on. Straight to the point and no BS. Thank you for taking your time to give this valuable video out for free

[-dennis]

I remember when I was 9 or 10 and was trying to explain to people the realization I'd made that we think via layers. But lacked the vocabulary todo so. Fills me with joy to see it explained at the proper level by an actually successful person!

[mffaruqi]

It has been more than 20 years that I've been running businesses and I can safely vouch for the truth and soundness of your advice. Thanks for sharing.

[emmanuelkalashnikov]

This video is GOLD. Foundation is everything and is too often overlooked by many. A fan of your philosophy, great work 👍🏼

[rory]

Literally the best video on becoming successful i've seen ever. Absolute champion thanks Sam for putting that together for us.

[keanuoliva]

Your content is insanely valuable. I listen to you a lot. Seriously, thank you for everything you do.

[nickcorrelli]

I’ve watched this video probably 1, 000 times..and each time I listen I learn something new. Much love Sam, you are a true legend!

[poeticnation]

Applause! This was/is a phenomenal video. About 15 - 20 minutes in, I could start to not only hear, and mentally understand what you were/are saying, but I could also start to feel that it. Thank you for sharing, and I look forward to more of your videos.

[tebohodiboke]

This is by far the best video regarding how to start a business I have personally seen. Sam I love how the information is generic to all types of business more so my own. It has forced me to look at myself and be truthful to the fact that I lack knowledge in a lot of areas regarding starting and maintaining a business but at the same time plant seeds of action plan that I can action right away in a controlled manner that gear towards progressive results ... what I'm really trying to say is THANK YOU ... this video will be relevant even after 50 years

[busyworksbeats]

Same thing goes for the music industry. Everyone wants to learn melody without ever studying the foundations of music theory.

[realMartinHamilton]

Sam, I've been on YouTube since they started in 2004. This is the most informative and applicable video they have on their platform to date. It explains everything in life. This is how physiology and activity come together to get results. Not just humans but all living species. I'm going to link back to it many times while doing my blog posts because it explains why we do what we do and view things in life the way we do. A person can understand what you just showed us and dramatically transform their lives. Using the lego style building blocks for demonstration was genius too.

[JackedEcto]

Great video. Personally I tried to become an entrepreneur last year and quickly ran into wall after wall that stemmed from lacking these same foundations.

After taking a step (or ten) back and deciding to work on myself and not concentrating on making more money, I look back and confidently say this is the best investment I could have made.

Always appreciate the vids Sam.