The Richest People Secrets: The Best Habits that Billionaires in The World Do

1 Jun, 2022 | Read in 6 minutes

The richest people in the world have habits that they build over the years. But aren't you curious about their daily habits? So, let’s find out what they are!

news

Achieving the goals you want is not an instant thing. Some of the factors for your future success depend on the positive habits you build from your youth.

According to a Stanford University behavioral scientist who has studied how habits are adhered to for three decades, it says the key to success is to think small when wanting to develop new behaviors or actions.

The richest people in the world like Elon Musk, Bill Gates, Jeff Bezos, and Warren Buffett. They have some positive habits that help them to be successful.

But aren't you curious about their daily habits? So, let’s find out! Here are the following habits the richest people in the world have.

1. Elon Musk

Elon Musk is a businessman and the richest person in the world according to Forbes. He has been busy as CEO of two companies, Tesla and SpaceX, as well as the founder of Neuralink, OpenAI, and The Boring Company.

The latest information about his wealth is that he managed to buy Twitter for 44 billion USD. As one of the richest people in the world, here are some of his habits.

Morning Routine

Elon gets up at 07.00 in the morning and rushes to take a shower. According to him, bathing routines have a positive impact on getting through the day.

Even so, Elon never took a shower to save Tesla's car production. He admitted that he did not take a shower while supervising employees in pursuit of production targets.

Next, Elon enjoys a cup of coffee. Does he have breakfast? The answer is often no. Elon often skips his breakfast. If so, he enjoys his favorite omelet.

Work Routine

Elon claims that he works 85 to 100 hours a week. He spends at least 42 hours at Tesla and the remaining 40 hours spent at SpaceX. In detail, Elon works at SpaceX's office located in Los Angeles, California, USA, on Mondays and Fridays. Meanwhile, on Tuesdays, Wednesdays, and Thursdays, he works at Tesla's office located in the San Francisco Bay Area, California.

Eat only 5 minutes

An interesting fact about Musk is that it only takes 5 minutes for him to eat. Due to the busy demands of his work activities, Musk must still be able to meet his nutritional needs. He often eats lunch during meeting hours at his company. Moreover, he considers that dinner with his business clients is the right time to be able to meet his calorie needs.

2. Jeff Bezos

Jeff Bezos is one of the richest people in the world and is the former CEO of Amazon. He has some habits that are also interesting to observe. Here are Jeff Bezos' habits.

Wake up at 5 am

Jeff Bezos wakes up every day at 5 am. He uses the extra time to meditate, write a journal, and answer calls and important emails. That way, he will be ready to start a productive day.

Sleep for a full 8 hours

Even if he wakes up early, Jeff Bezos' sleep needs are still fulfilled. This is because of his discipline every day, sleeping for 8 hours straight. Jeff Bezos emphasizes how sleep helps him make smart decisions in life. He admits he can't make the right decisions if he doesn't get enough sleep.

Do Breakfast

After waking up, Jeff Bezos likes to read the newspaper over coffee. Then he has a nutritious breakfast. Before he uses the extra time in the morning to gather with his family.

Jeff Bezos also loves the unique breakfast. On one occasion, he ordered a Mediterranean octopus breakfast with potatoes, bacon, green garlic yogurt, and a hard-boiled egg. He uses his breakfast as a metaphor for Amazon's business strategy.

3. Bill Gates

Bill Gates is the founder of Microsoft, a technology company that makes billions of dollars. In 2022, Forbes reported that Bill Gates' wealth reached 129 billion USD.

With that number, Bill Gates occupies the fourth position and is behind other technology figures such as Elon Musk and Jeff Bezos. What are the habits of Bill Gates?

Reading the news in the morning

Bill Gates starts his morning by reading the news. He is often reading news from different media. He is usually reading news on different topics. Furthermore, he will also share what he reads with his followers on Twitter and on his personal blog.

Do Exercise

Bill Gate spends an hour every morning running on the treadmill right after waking up. He does this habit to build focus.

A 2019 study published in the British Journal of Sports Medicine shows that morning exercise improves cognition and focus throughout the day.

Waking up early to exercise can also improve personal discipline, which may extend to other areas of life. It makes you more productive and efficient.

5-minute method

Bill Gates also makes a schedule with the 5-minute method. Elon Musk is also known to do the same. Every moment is carefully planned using this method. He believes that the 5-minute interval method can make daily activities and work more organized, neat, and on target.

Doing housework

Although busy with his business affairs, Bill Gates also has homework that he does regularly. Doing that job of washing dishes, taking out the trash, and cleaning the kitchen table keeps him humble.

4. Warren Buffet

Warren Buffet is one of the most successful investors in the world. Even though the wealth he has claimed not to have run out to the seven generations. Warren still chooses to live a frugal lifestyle. Here are the habits he has.

Live in the same house

Warren Buffet has lived in his home in Omaha, Nebraska for more than 60 years. The value of his wealth has increased many times, but he has not moved into a luxurious house worth hundreds of billions. His house in Omaha is spacious, but Warren Buffet's house is simple for a billionaire like him.

Rarely goes into debt

Warren Buffet rarely goes into debt. The only debt he had was a mortgage for a vacation home in Laguna Beach, California in 1971.

Even though he bought the house in installments, he can also buy a beachfront property which now costs around 150,000 USD.

Using an affordable car

Warren prefers to use affordable cars while many other billionaires have collections of luxury sports cars. The car that Warren owns is a Cadillac XTS purchased in 2014. You can try his method to spend money according to your ability limit.

Manage expenses

Warren Buffet doesn't care about clothes with well-known designer brands. He also does not care about the latest iPhone types. He used affordable phones for years before deciding to use an Apple smartphone in 2020.

According to Warren Buffet, save first before spending what is left, and don't save what is left after spending.

Don't invest with a loan

When he was young, Warren Buffet had a loan to buy stocks, but he warned investors not to make the same mistake. In Warren's experience, borrowing money to invest in is a risky business. So, you can avoid investing with a loan.

The Importance of Building Good Habits with VirtualSpace

So far, many people underestimate good habits that look like a tedious routine. Even though good habits that have been performed over the years can lead you to the goal of success. Moreover, good habits can make your task well and avoid multitasking because of your work deadlines.

The richest people in the world have habits that they build over the years. You can also start building habits and set goals that you want to achieve from now on. Every step you take, no matter how small, will definitely have a good impact on the process to achieve your success.

It doesn’t happen at night. You need something to help build your habits. Starting from being productive throughout the day. Or helping you to manage all your tasks. You need a cutting-edge tool like VirtualSpace to help you build good habits. This app also allows you to set short-term goals you want to achieve. Install it now and take advantage of its features!

Ready to grow your business with VirtualSpace?

One platform to manage and organise your teams, tasks, projects, and more.

Newsletter

Subscribe to our newsletter to stay updated

We'll keep you posted with everything going on in the modern working world.