This practical business book, written by an author who worked at Goldman Sachs for 17 years and interacted with over 300 ultra-high-net-worth individuals, summarizes the differences in thinking, habits, and behavior among those with billions of dollars in assets. It’s not a narrative, but rather a non-fiction method book that systematizes the mindset of the wealthy.
📘 Synopsis
- The Crucial Difference Between Those Who Reach 100 Million Yen and Those Who Reach 100 Million Yen
The author states that wealthy people share eight common characteristics, particularly emphasizing the following:
- Investing, not saving (making money work for you)
- Prioritizing speed over finding the right answer
- Making your own decisions
- Spending time on things that are important but not urgent
- Habit formation is the most powerful weapon
- Diversifying relationships
- Investing in health, learning, and creativity
- How Wealthy People Use Their Time and Actions
- Converting time into money and focusing on the most valuable actions
- Utilizing outsourcing and focusing on your strengths
- Making early rising, exercise, reading, language learning, etc., a daily habit
- Specific Episodes
- A real-life example of selling a 20 million yen used apartment for 100 million yen through real estate investment
- While rivals took the deal back saying “we’ll consider it,” the author secured the deal immediately
- “The Mindset of a Billionaire”
The keyword in this book, “a trillionaire,” refers not to “people with trillions of yen in assets,” but to “people who use their wealth in a way that positively impacts society.”
For example, social contribution investments, support for education, healthcare, and the environment.
💬 Impressions
- Many highly reproducible habits that can be put into practice immediately.
- The perspective that “the wealthy are made not by special talent, but by ‘habits'” is refreshing.
- The importance of action and decisiveness is deeply felt.
- A book that makes you want to “take action” after reading it.
- I think it would be difficult to imitate the extremely stoic lifestyle habits (waking up at 3:45 every morning, long-distance training, etc.).
This book is not about “how to become rich,” but rather “a book to install the thinking OS of people with billions of yen.” - Speed > Accuracy
- Thorough habit formation
- Maximizing the value of time
These ideas are highly stimulating for business people.
