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Motivation

The 10 Richest College Dropouts

Joel Brown (Founder of Addicted2Success.com)

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Failures


Who says you have to go through years of torture with study and hittin the books to reach Billions?

These Successful Billionaires prove society wrong and show you that it isnt all about the books & grades and that you to can reach your millions or billions if you just apply yourself and have a vision.

A college education is often touted as being a prerequisite to a good life and a high income. Unsurprisingly, college prospectuses promote the success of their alumni as a reason why you should choose to complete a degree at their particular campus. However, there are plenty of billionaires in the world who traded in their college degrees for a successful business life. In fact, the Forbes World’s Billionaires list 2011 actually identifies the most wealthy college dropouts on earth today. Proof if ever it was needed that slackers don’t always comes second, and that when it comes to business, the studious can’t always cut it.

 

10. Roman Abramovich

With $13.4 billion to his name, Roman Abramovich is joint 53rd on the list of the world’s richest people. Abramovich claims to have attended the Moscow State Law Academy, graduating in 2001, and has been linked with the Ukhta Industrial University and The Gubkin Russian State University of Oil and Gas in Moscow. Both of the latter universities deny that he attended, and it is rumored, but unsubstantiated, that he dropped out of the Russian capital’s law school. With sources conflicted about the precise course of events it seems somebody may be trying to change the record here – only in Mother Russia! Still, with an oil fortune, diverse investments and England’s Chelsea Football Club in his possession, all the hearsay surrounding his education is unlikely to bother the Moscow business magnate.

 

9. Mark Zuckerberg

Still only 26, Mark Zuckerberg became the youngest self-made billionaire in the world and, with $13.5 billion in his pocket, the 52nd richest person on the planet. As immortalized in the Hollywood movie The Social Network, he dropped out of Harvard, where he studied psychology and computer science, to head west to California, overseeing the rise of the social media phenomenon that is Facebook. Even though Facebook was originally targeted at a college market, it was by dropping out and seeking venture capital that Zuckerberg gained such huge success.

 

8. Steve Ballmer

The 46th richest man in the world is following in the footsteps of the 2nd (of whom, more later). The current CEO of Microsoft, Steve Ballmer did complete a college degree (in mathematics and economics) before working for Proctor & Gamble but dropped out of the Stanford University Graduate School of Business to join Microsoft as its 30th employee. We think that qualifies him as a failing student of sorts, so he makes the grade for this list. That said, the savvy timing of his employment meant that his salary included a percentage share in the company which he has since parlayed into $14.5 billion of personal wealth, placing him 46th in the world in terms of net worth. So, if you’re an OTT ball of energy with a certain amount of business nous, it seems you can afford to drop out…

 

7. Michael Dell

It is clear that Michael Dell valued education only as a route to business success. At the age of just 8, he applied to take a high school equivalency test so that he could enter business sooner. What’s more, while attending high school he invested money from part time jobs in the stock market and successfully targeted newlyweds for newspaper subscriptions while working for the Houston Post, such that he made $18,000 that year – more than his teacher’s salaries. As a pre-med at the University of Texas at Austin, he founded the company that would become Dell. Unsurprisingly, he never completed his studies, but now has a personal wealth of $14.6 billion, making him the world’s 44th richest person. ‘Nuff said.

 

6. Azim Premji

Azim Premji managed to skyrocket the Indian IT company Wipro Ltd. from a worth of $2.5 million to one that is now valued at $1.4 billion. His 78% stake in Wipro along with other investments have generated him a personal worth of $16.8 billion, making him 36th on the world rich list. He took over the family business, which later became Wipro, after his father died in 1966. This unexpected tragedy meant he had to leave his course in electrical engineering at Stanford University. Azim Premji is nothing if not persistent, however, and he completed the degree 30 years later.

 

5. Sheldon Adelson

Precocious tycoon Sheldon Adelson owned his first business at the age of 12, making a career selling newspapers on street corners, and moved on through finance and charter tours to found COMDEX, a computer trade show that was first held in 1979. He briefly attended City College of New York, but dropped out before completing his studies. It seems to have been a good idea, though, as his acquisitions of Las Vegas casinos and hotels has brought him a net worth of $23.3 billion, making him the 16th richest person in the world.

 

4. Mukesh Ambani

Entering the top ten richest people on Earth now – so you know dropping out can’t always be a bad thing! – meet Mukesh Ambani, ranked 9th in the world, with a net worth of $27 billion. He joined his father’s business, Reliance Industries, in 1981 and now owns a 48% stake in the company. Reliance industries is India’s largest private sector company and has diversified interests in everything from communications to petrochemicals. Ambani enrolled at Stanford in 1979 but dropped out of his business masters in order to focus on his father’s business, a focus that has clearly reaped dividends. And while he had earlier gained a degree from from the University of Bombay, a dropout is a dropout, be they a billionaire or no…

 

3. Eike Batista

The son of a Brazilian mining executive, Eike Batista spent much of his childhood in Germany and studied engineering in Aachen University. However, rather than completing his degree, he started a gold mining company in the Amazon in 1980 – a move that took the shine off his educational record but would soon fill his pockets. In 2000, he sold his share of the company for a cool $1 billion; but he didn’t rest on his laurels, instead investing these funds into further mining ventures and oil and gas exploration. His business savvy and ability to take advantage of market trends have allowed him to amass $30 billion in personal wealth, making him the 8th wealthiest individual alive and giving him the number one spot in Brazil.

 

2. Lawrence Ellison

The death of his adoptive mother prompted Larry Ellison to drop out of his second year at University of Illinois. He then spent a single term at University of Chicago before dropping out again and moving to California in 1964. These two attempts at college certainly were not signs of a lack of determination though. In 1977 he founded the company that would become Oracle, a software firm specializing in data systems. His abandonment of academia to move to California put him at the heart of software and computer innovation, a move that has led to him amassing a fortune of $39.5 billion as of 2011, making him the 5th richest person in the world.

 

1. Bill Gates

The richest college dropout in the world is also one of the most well known. At number two in the world’s richest rankings and with a net worth of $56 billion, Bill Gates is a household name. He was the world’s richest person from 1995 to 2007 and again in 2009, unsurprising when you consider how ubiquitous Microsoft products are in homes and businesses across the world. Gates enrolled in Harvard as a pre-law major in 1973, but kept up the computer programming he had begun in 8th grade. It was these extracurricular activities that made him his fortune after the release of microcomputer design the Altair 8800 computer prompted him to set up a software company with Paul Allen. In 1975, he took a leave of absence from his studies at Harvard, only to return for an honorary degree in 2007.

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances.I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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    Motivation

    How to Stay Motivated to Achieve Your Goals

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    Time is the raw material of our lives. How we choose to spend it, shapes our life accordingly. So having the motivation to spend it on achieving goals is crucial to creating a life we want.

    What is Motivation?

    The Oxford dictionary defines motivation as the desire or willingness to do something – our drive to take action.

    Scientifically, motivation has its roots in the dopamine pathways of our brains. When we do something that feels good, that’s dopamine kicking in. Our actions are driven by the desire for that reward (the good feeling).

    Author Steven Pressfield describes motivation more practically. He says we hit a point where the pain of not doing something becomes greater than the pain of doing it. He sees motivation as crossing the threshold where it’s easier to take action than it is to be idle. Like choosing to feel awkward while making sales calls over feeling disappointed about a diminishing bank account.

    However you choose to think about it, we all want to harness motivation to achieve our goals. 

    How to Get Motivated

    James Clear, the author of Atomic Habits, says that most people misunderstand motivation. They think that motivation is what gets us to take action. In reality, motivation is often the result of action, not the cause of it. Once we start a task, it’s easier to continue making progress. Like Isaac Newton’s first law: objects in motion stay in motion.

    This means most of the resistance when working on your goals comes right before we start. Since motivation naturally occurs after we start, we need to focus on making starting easier.

    4 Ways to Make Starting Easier

    1. Schedule it

    One reason people can’t get started on things is that they haven’t planned when to do it. 

    When things aren’t scheduled it’s easier for them to fall by the wayside. You’ll end up hoping motivation falls in your lap or hoping that you’ll muster enough willpower to get it done.

    An article in the Guardian said, “If you waste resources trying to decide when or where to work, you’ll impede your capacity to do the work.”

    2. Measure something

    It’s easy to feel uninspired when you don’t know if you’re making progress or what you’re even working towards. That’s why you need to make your success measurable in some way. Starting is easy when you know exactly how much closer your current actions will bring you to achieving your goal.

    3. Extrinsic motivation

    This type of motivation is from external factors. It can be either positive or negative. Positive motivation consists of incentives like money, prizes, and grades. Negative motivation consists of deterrents like being fired, having a fight, or being fined. Extrinsic motivation doesn’t work effectively long-term, but it can work well in the short term to get you started on something.

    4. Make it public

    Keep yourself accountable by telling friends and family your goals, or even sharing them on social media. This makes it easier to start something because you’re pressured to not let others down.

    “People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily.” – Zig Ziglar

    How to Stay Motivated Long Term

    When we say we want to feel motivated to do something, we don’t want to be pushed or guilted into doing a task. We want to be so attracted and drawn to the idea that we can’t resist not taking action. That’s why it’s important to build a foundation that will set you up for consistency.

    These are 5 techniques that will help you do just that:

    1. Stay in your goldilocks zone

    The goldilocks zone is when a task is the perfect level of difficulty—not too hard and not too easy. In this zone, we reach peak motivation and focus.

    For example, let’s say you’re playing a serious tennis match against a 4-year-old. On this level of difficulty, you’ll quickly become bored and not want to play. Now let’s say you’re playing a serious tennis match against Serena Williams. On this level of difficulty, you’ll quickly become demotivated because the match is too challenging. 

    The Goldilocks zone is in the middle of that spectrum. You want to face someone with equal skill as you. That way you have a chance to win, but you have to focus and try for it. Adjusting your workload and goals over time to stay within your Goldilocks zone keeps you engaged and motivated long-term.

    2. Pursue intrinsically motivated goals

    Being intrinsically motivated to achieve a goal is when you want to achieve it for what it is. There are no external factors like a reward or the risk of being fired. The drive behind your actions is coming from within. 

    For most intrinsic goals we pursue them because they will enrich our lives or bring us closer to fulfillment. That makes these goals extremely sustainable long-term because they directly affect our quality of life and the things we care about.

    3. Use “chunking”

    Chunking is the technique of breaking down a goal into smaller short-term targets. By doing this you achieve multiple successes in your pursuit of the main goal. This triggers the brain’s reward system and drives you to keep going.

    Traditionally, you may set a goal that you expect to achieve in one year. That’s a long time to commit without seeing any results along the way. By chunking your goals into monthly or quarterly targets, you get the consistent positive reinforcement you need to stay motivated long-term.

    For example, instead of trying to lose 50 pounds in one year, try to lose 4 pounds every month for 12 months.

    4. Be flexible

    We’re all victims of circumstance. Things happen along our journey that we can either adjust to or quit because of. That’s why it’s important to have leeway and flexibility when you’re pursuing a goal. If you expect everything to go perfectly, the inevitable failure can make you disengaged and desireless. When you plan for things to go wrong, you make sure you can keep up for the long haul.

    5. Pursue your goals in a sustainable fashion

    Don’t lose hope when you’re not an overnight success. Overnight successes are the 1%—for the most part, they don’t exist. What we see as an “overnight success” is actually countless hours of work behind the scenes finally hitting a tipping point. Pursuing goals is a story of patience, persistence, and unseen effort.

    Don’t compare yourself to others. Comparison is a recipe for a drop in self-confidence and satisfaction. It also cultivates a mindset where you think you haven’t done enough. As a result, you may raise your expectations and put more pressure on yourself.

    This is pointless because things worth achieving take time. So we obviously won’t compare to the things around us when starting.

    Mastering motivation is a superpower. With that ability at your fingertips, you can accomplish your goals and shape a life you want to live in.

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    Motivation

    What Is Dark Motivation and How Can I Use It to My Advantage?

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    It’s Thursday, 8 PM. I’m relaxing at home, doing normal things, and scrolling social media. Tomorrow is a big day. There are lots of things to do with moving pieces of furniture because I’m moving to another city. On top of that, a repairman is coming to my house at 8AM, so I’ll have to get up early. (more…)

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    Motivation

    The Killer Morning Routine to Boost Motivation

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    If you’re anything like me, waking up in the morning is a hard task. Over the course of a number of years I’ve built a routine that helps wake me up and keeps me motivated. (more…)

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    Motivation

    Why “No Pain, No Gain” Is More Powerful Than You Realize

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    Chances are you’ve heard the quote “No pain, no gain” before. Especially if you enjoy hitting the gym and getting a nice pump going on. What this means is that in order to make your muscles grow, you’ll have to shred the fibers so they can grow back bigger and stronger. This progress causes physical pain because you’re tearing apart your muscles, but the reward for the pain is always worth it. (more…)

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