How Billionaires Are Different From Millionaires

[00:27] Today’s topic: How Billionaires Are Different From Millionaires

[00:35] Eric shares his experience speaking with billionaire, Naveen Jain.

[00:59] Based on his encounter, he believes billionaires are more hands-on, think bigger, and respond more quickly to calls and emails.

[01:38] Neil thinks billionaires are really big on solving problems.

[02:31] Eric uses AirBnb as an example of being a company based on problem solving.

[02:54] Uber is another example of a company that made money solving a basic problem.

[03:26] Jeff Bezos has been quoted as saying, “Your margin is my opportunity.”

[04:05] Billionaires are billionaires because they think “big”.

[04:20] Money indicates how much value someone brings at the end of the day.

[04:37] Billionaires don’t know when to quit; never say die.

[05:02] Elon Musk’s ex-wife says billionaires are like trying to fit a square peg in a round hole.

[05:33] Warren Buffet is the final example of a archetypal billionaire.

[06:14] That’s all for today!

[06:18] Eric and Neil recommend the Problem Solvers podcast, because there is an episode about Burrow, the Dollar Shave Club for couches. To listen go to singlegrain.com/solve.

How Billionaires Are Different From Millionaires | Ep. #502