Four Behaviors That Will Keep You From Becoming a Billionaire
1. Accumulating Wealth Without PurposeAccumulating wealth without using it effectively is counterproductive. If you focus solely on saving—whether that’s by depositing money in a bank or investing it all in crypto and stocks—you’ll never reach billionaire status. Those who save excessively and refrain from spending even on necessities eventually lose the drive to generate more wealth. When essential needs arise, withdraw the necessary amount and use it wisely. Your savings can always be replenished.
2. Refuse to Give Money You may wonder why it’s necessary to give money when saving seems like the path to wealth. This notion is completely wrong. Acts of generosity—whether helping the underprivileged or supporting worthy causes—raise dopamine levels, increasing the motivation to earn more. This principle, long documented in religious texts, is now corroborated by science. Ironically, many waste millions on frivolous pursuits, like OnlyFans, while neglecting genuine charitable causes. Such misplaced priorities hinder the accumulation of true wealth.
3. Indulging in Superficial Displays of WealthOnce you’ve achieved financial success, it’s tempting to indulge in ostentatious displays of wealth. For example, when I started my software company, I rented a lavish office and invested heavily in its furnishings and technology—only to find that it was underutilized because employees preferred to work remotely. This futile expenditure stemmed from a desire to project an image of success. Avoid such mistakes. Even today, I buy unbranded clothes from countries like Bangladesh or China while indulging in hobbies like watches or luxury cars, not for show but out of genuine interest.
4. Fear Financial LossIf you make $100,000 in a year, losing up to 90% of that isn’t catastrophic. Hard-earned money is a testament to your skills and resilience, and the process of earning it strengthens your abilities. Therefore, making $150,000 in less time becomes achievable. On the other hand, adopting a conservative mindset after reaching a milestone will stifle progress. Fear of loss disrupts momentum, making growth increasingly elusive.
In conclusion, financial success requires a balance of strategic spending, generosity, authenticity, and a fearless approach to setbacks. Adopt these principles to unlock your true potential.
– El Escari (Psychologist)
