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What is the best Skill to have to get Rich?

Discussion in 'General Entrepreneur Discussion' started by vinn, May 3, 2018.

  1. Vigilante
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    Vigilante Legendary Contributor Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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  2. million$$$smile
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    Vision

    "Where their is no vision, the people perish"

    If one can paint the VISION to employees, investors, customers or even skeptics, I believe one can find a following in whatever endeavor they pursue.

    This is a leadership quality, yet one may not necessarily have other qualities of leadership, yet with a vision, one can find a leader to lead if needed.

    Vision coupled with great leadership is the difference between great businesses and just good businesses.

    I believe one can do the 'impossible' with vision.
     
  3. Cashflow Queen
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    Of course, being a good salesman does not guarantee wealth or every good car salesman would be a millionaire. But there are no successful entrepreneurs who are not good at sales. Even if you’re a geeky software developer, at some point you need to sell your vision to the people you recruit and to your investors.
     
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  4. AgainstAllOdds
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  5. Ritchie
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    ^ Exactly this. Which is a bit thick coming from an introvert who didn't believe in communication or networking. But a few years ago I trained myself to treat everyone as if they were my role model (Bill Gates).

    Not just in how would I treat Bill Gates, but also what would I ask him and how would I behave around him? Would I really get upset with Bill Gates if he cuts me off in traffic? Probably not, so why would I get upset if somebody else does it, and risk ruining a connection by flipping somebody off I might need later?

    It is through this behavioural change that doors opened, not only in connections but also in ideas. People just love complaining about their work. And I love fixing their problems and charging money for that. So that's one way I get access to that.
     
    Last edited: May 10, 2018
  6. ksc23
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    Same here, I'm an introvert who underestimated the importance of communication skills.

    No company will hire you if you can't communicate to the interviewers how you would be an asset to the company.

    No person will date you if you can't convey some charm and personality via communication.

    No one will pay for your product or service if you can't communicate how it will add value to their life.

    Even if you're a coding ninja, no scale will achieved if your source code is a big mess that only makes sense to you.

    To bring up a thought from Sapiens: Neanderthals, the cousins of our ancestors, were physically stronger than us and were just as intelligent. However, what made Homo Sapiens thrive and dominate the world was our superior ability to communicate.
     
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  7. csalvato
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  8. Jackson J
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    Dedication baby
     
  9. AlessioLC
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    Communication, sales, persistance, all of these mentionned before are needed, some fall into place with time, some has to be learned but it's necessary.

    Not everybody is in business and there's a reason behind it, it's difficult
     
  10. xmartel
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    The ability to effectively deal with people.

    Read How to Win Friends and Influence People. An oldie but a goodie.
     
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  11. HelpAndProsper
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    Basically, act more like me. I'm a winner.
     
  12. Process
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    The people who are saying solving problems/selling are mostly right. Beneath that is the ability to keep re-charting your path forwards despite constantly getting knocked back. And beneath that is sensing what is worth getting knocked down for.

    PS: Don't worry about knowing everything and meticulously planning 10 years ahead. Most of that will have to be revised once it makes first contact with reality. That's the most powerful barrier to entry in business. It keeps 90% of people from ever trying.
     
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  13. Dubidu
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    I think it's a very good but basic comms. book which may explain why it's apparently Buffet's favourite. He displays all the classic signs of someone who is highly intelligent & more than slightly lucky (stating the obvious, I know) but who isn't the best communicator (I'm not talking about communication to his BH investors) but I think he admitted he wasn't the best at communicating to employees. I've met some seriously wealthy people and they don't possess the best communication skills. A lot are devoid of what might be considered a social personality entirely. They are extremely good at their job but HTWFIP is one for them. The older I am the more I realise just how much luck (as well as all the skills others have mentioned in this thread obviously) plays a part: I've observed luck at play in all areas of life.
     
  14. SteveO
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    And the more I work, the luckier I get...

    It is simply adopting a way of life. There is no single skill that is more important than others. Just keep moving in the direction.
     
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  15. Matt Dassel
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    I'm not rich yet but after years of pondering these are my favorites:

    Objective skills
    • See through the appearances. Look at the world from the perspective of other people's emotion, desires, frustration and wishes. Get keen detail on what motivates them.
      "Always scorn appearances. And you always may. The force of character is cumulative" Ralph Waldo Emerson
    • Make the most out of what you have. Resist the temptation that only the children of richer parents cannot avoid. To always use their money at the expense of never living a true work immersion. Letting all your life skills come to the surface and that is the fuel you burn.
    Psychological skills:
    • Self-conciousness. To know what emotions are coming up and label them at the first second. After knowing precisely, compare it with previous days and last time the same feeling happened.
    • When a psychological breakdown happens and you get depressive and suicidal thoughts. Remind youself of all your life opportunities until then and that, almost certainly, other people in history have felt the same emotions you are having but in very worse conditions. No technology and access to information. Harder access to food and resources. This is all a game your emotions are playing but in a far greater environment these emotions cannot rationally understand. Black people have never had a chance to read not too long ago. People have died in the guilliotine for saying what they thought.
     
    Last edited: May 21, 2018
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  16. Determined2012
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    Persistence.

    If you can push yourself past failure, adversity, being broke, being lonely, being tired, and whatever else AGAIN, AND AGAIN, AND AGAIN... Eventually you will succeed and accomplish whatever that goal is that you have for yourself.

    Persistence will cure anything. It will make anything possible!
     
  17. B. Cole
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    I don’t know if you can apply a single skill of anything above any other and call that the single thing needed for success. Ditto on tenacity, vision, work, leadership. Resourcefulness and creativity are huge.

    Laziness, lack of knowledge and lack of perseverance are major reasons for failure. Nothing works if you don’t. You don’t have to have all the skills and knowledge, but you do have to figure out where it lives and how to employ it.
     
  18. Roli
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    Being extremely good at golf.

    Read it again.
     
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  19. maverick
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    maverick Unorthodox Nonconformist Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Great answers. I'd add inquisitivity.

    Question everything.
    Be curious.
    Be humble in understanding you can learn from anyone.
    Listen.
     
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  20. jazb
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    Communication
     
  21. Ayanle Farah
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    I don't think any one skill is going to make you rich, but one quality, not really a skill I'd say that is more important than others is the ability to solve problems, to figure out a way through the inevitable obstacles that will be put infront of you both internal and external ones.
     
  22. The Abundant Man
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    The HBO show Band of Brothers is full of great leadership lessons
     
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    I think it's all in deal-making -- that's a whole band of different individual skills.
     
  24. Almantas
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    Almantas Nothing to Lose Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    The skill of being able to multiple your money over and over again.
     
  25. Rabby
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    Empathy. Specifically, the kind of empathy that helps you figure out what people want.

    Second most important skill: trading what you want for what they want.

    P.S.: "People" obviously includes your potential customers, but let's not also forget employees, landlords (if you lease), real estate sellers (when you buy), potential investors, etc. What do they want? Trade with them for what you want. Repeat as needed.
     
    Last edited: Aug 30, 2018
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