In order to become an absurdly wealthy individual, two very basic requirements must be fulfilled:
2: Actions undertaken must contribute to the success of the business and have a high return on investment
Most people will either fall into one of two categories:
The problem with thinkers is they over think and never perform any actions, the problem with doers is they don’t think before they perform actions.
There is great deal of truth in the age old saying “most rich people happen to be in the right place at the right time,” What this refers to is doers who by coincidence/luck undertook the correct action at the right time.
Hence the reason a lot more doers have built successful businesses than thinkers and unless you undertake action, it is impossible to succeed! However without formulating a concise strategy for your actions, there is still a fair chance of success depending on the result of your actions.
On the other hand however you will see many doers lose a lot of wealth due to poor actions, whereas thinkers are less likely to undertake such actions (luck aside).
Among today’s excessively wealthy, a relatively large portion have succeeded through luck, but you will find a few remarkable people who are successful because of their mindsets, and should any of these remarkable people ever lose their fortunes, without a doubt, they would be able to build it all again from scratch.
The reason for the limited number of these entreprenuers is due to the fact most people are either doers or thinkers, however these entreprenuers break the mold and are BOTH thinkers and doers.
There are many over complicated theories on success but basically (and I’m very sure most successful people will agree) it boils down to the following:
1: Think, but don’t overthink else action won’t take place
and most importantly of all