Learn How Investors Think and Work - 59/101 Entrepreneur Mistakes & Lessons

When you look at the Forbes 400, you'll notice that investors are the most common form of Billionaires.When you approach life like an investor, then you can begin to see the rewards and risks involved in actions and activities:What you need to focus on?Will this waste your time?Will I better off with or without this?You need to think like an investor. You need to think and approach things logically, rationally and mathematically. You need to begin to see the world through the lens of rationale and logic. Especially when it comes to business and money. You can still have emotions and fun, but when it comes to money you've got to master it by controlling your emotions.Some of the concepts mentioned earlier affects investor's approach to life and money.One way they control risk is that they calculate the value of their time and quantify whether something is worth while doing themselves, or outsourcing and getting someone else to do it for them.Investors think about getting more out, than the amount of money they put into something.They will use their money and invest it in stocks, crowd funding, property, etc, in the aim of getting a good return of income. They will understand all aspects of risk that the investment has before they will invest in it.What they are ultimately after is control and to guarantee their returns as much as possible. They understand risk, but they do not see it as a problem, but only to be contained and controlled.One common principle that you can understand and apply to your life is the concept of . If you were to go on a day trip somewhere, what would be the opportunity cost of doing so? Meaning: what would you miss out on, work wise, by going? If you stayed at home you'd achieve X amount of progress and accomplish Y goal. Is the loss and delay of achieving these worth going on a day trip?Question of the day: do you let your emotions control you? If so, what are you going to do about it?There are another 100 mistakes that I made here.