Many Billionaires Have These Regrets in Life, and Most Likely You Will Too. Here’s How You Can Avoid Making The Same Mistakes
We may like to believe that being a billionaire means having done everything in life as perfectly as possible and having no regrets about the time that has passed because the present one is so blessed. But that is not true in the slightest. While billionaires can have whatever they want, even they have some regrets with respect to the decisions they have made over the course of their life.
The Opportunities Which Never Came Back
When it comes to the decision-making power of us human beings, there are certain imperfections which disallow us from making the best decision every single time.
Also, we like to weigh in all the options, and, if there exists a sizeable element of doubt about the outcome of a particular decision, either we go for it or we back out. For the rich, making a wrong decision means losing millions of dollars, and the probability of being wrong can also be high considering the time-bound nature of such decisions.
According to Tim Draper, who is a billionaire himself, such a thought process is exactly what disallowed his firm from pursuing an investment in Facebook back in the day when it had only $20 million in total value.
Now, Facebook is worth billions of dollars, and although Draper is still rich, he still regrets not having made the decision to invest in it. According to him, we should not hesitate even for a second if we see a great opportunity in front of us.
Living In Another Time
Many of us like to think about the future and how it may turn out, and/or reminisce the past and wonder what life may have been like had we made a different decision altogether. This may sound like a harmless activity, but in reality, this disconnects us from the present time, thereby disrupting our focus.
According to Chip Wilson, who is the founder of the company Lululemon, he used to experience consistent anxiety as he would think about the future and then worry how each and every one of his present actions is contributing to that future. Of course, eventually he became extremely rich, but Wilson now regrets not having acknowledged every day of his life as a blessing.
Taking Their Time
One of the most common fears that exist within all of us is the fear of starting something new. In the case of Naveen Jain, who was a billionaire at one point in his life, he seems to have taken his time with starting off his own company called InfoSpace.
But, according to him, had he made the same decision during his 20s instead of his 30s, he would probably have been more successful as cumulatively he would have gained more experience. The advice here is this: while it may seem like you need to sort out each and every detail of your business regardless of how much time it is taking, the best thing to do is to start it as soon as possible.
More in Business Lounge
Here’s Why You Shouldn’t Ask ‘Game Of Thrones’ Actress Emilia Clarke For a Selfie The Next Time You See Her Out in Public
Celebrities may seem to live a charmed life on the outside, but what most people don’t know is that they’re just...December 30, 2019
Share The Gift of Self-Care With Your Loved Ones & Give Them These Instant Stress-Relieving Presents
Life can be extra stressful at times what with the many negative things that may be going wrong in an individual’s...December 27, 2019
Never Go Broke Again By Taking These Top Personal Finance Tips to Heart
With the current year coming to a close and people gearing up to welcome a new one, it’s time again to...December 26, 2019
Taylor Swift Just Delivered a Powerful Message as She Received This Milestone Award & You Should Really Hear It
Taylor Swift is no stranger to controversies. She’s weathered her own share of feuds during her more-than-a-decade long career in music....December 25, 2019
Are Wellness Shots Just a Fad or Can They Really Improve Your Well-Being? Experts Finally Weigh In
If there was a proven product that can make people’s skin glow, strengthen their immune system, and keep them energized, crowds...December 24, 2019
Lady Gaga Reveals The Shocking Moment She Found Out She Was Bankrupt At The Height of Her Career
The year 2019 was certainly a good one for the singer turned actress Lady Gaga. Not only did the performer win...December 23, 2019
Knowing The Reasons Why Many Women Prefer to Live Alone Might Just Convince You to Do So As Well
Women have an unfair image of being obsessed with the idea of marrying and settling down with a partner. In fact,...December 20, 2019
You’ll Be Amazed to See The Incredible & Surprising Features These Celebrities Have Inside Their Homes
While the rich and famous may have plenty of things in common with regular folks, it’s no secret that some aspects...December 19, 2019
Get toi Know The Inspiring Couple Behind America’s Favorite Chinese Fast Food Restaurant
It’s no secret that Americans love eating Chinese food. No wonder a lot of restaurants serving delicious Asian cuisine have found...December 18, 2019