I recently had the opportunity to speak in Portugal to a group of successful investors and business owners who were at a conference called the Billionaire Boot Camp. During the course of 7 days the attendees effectively studied how Billionaire’s run businesses, how they think, how they act and how they make what seems like consistent successful decisions. I was simply there to share with the attendees the power of learning about the Foreign Currency markets and share with them my views on the current market conditions and how they can best take advantage of learning how to trade Forex.

Now I am not professing to know how all Billionaire’s operate but I did share with the attendees how some of them go about considering financial decisions. What sets successful people apart from the rest is simply the decisions they make in life and business and the ability to make the right decisions at the right time.

This often comes down to a simple set of questions.

1. What is the cost?
2. What is the return?
3. Can the return keep paying me for the same cost?

These are 3 simple questions are what many successful people ask themselves when making a financial decision.

When the answer to the final question is Yes, then the answer to the investment decision should always be Yes. This is part of the process of making a successful decision and in my view you should be constantly learning and studying what these people do if you want to make it to the top and stay at the top. Think about it for a second. Would you rather invest in a business where the cost keeps paying you for the same cost, or would you rather invest in a business that requires you to put in more capital every month or every year. I am sure you would prefer the former opportunity.

Successful people making decisions quickly and decisively through asking the right questions. They also change their minds slowly through ensuring they also ask the right questions. Unsuccessful people make up their minds slowly and change their minds quickly. This is so true as most people who are not reaching their full potential are constant procrastinators.

The second major tip I gained from the conference was the incredible ability successful people have at leveraging themselves. You may or may not have heard the phrase before look at the doughnut not the hole. This refers to the point that most people will look at what something is going to cost them and not focus on what really matters and that is the return and the leverage that they will gain from the opportunity. Richard Branson is a classic example. A guy who seems to live the most incredible life, tripping all over the world taking part in some of the most exciting adventures all whilst running a billion dollar empire. How does he do it.

1. He asks the right questions and makes good decisions.
2. He doesn’t procrastinate about decisions because he has a process and asks the right questions.
3. He leverages others ability and hires the best people he can find and promotes from within and fosters an incredible culture within his businesses.

Sir Richard when he decides to get involved in a business will spend the first 6 months actively engaged in the business and after that he’s at an arms lengths distance being involved on a need to know and need to be there basis. He leverages others so as it allows him to free up his time to get on with the job of building a bigger better business.

Most business people think they can’t afford to leverage their time because it’s too expensive to hire someone to do their job. I say unless you do leverage your time and hire others to perform day to day tasks your talent and success will never reach its full potential. All of the friends and business colleagues I have that are hugely successful are incredible at getting other people to do their work for them.

Learning to trade Forex successfully will allow you to leverage your money and give you back your time to work on other projects that can help you build your financial portfolio. Since becoming a trader I have spent more time overseas, spent more time with family, helped more people financially, met more incredible people, and built a number of successful business ventures that I would never have been able to do working 9am to 5pm.

Learning to make good decisions and successfully leveraging your time and money is a true path to a happy and fulfilled life.

Tags: Andrew Barnett, Billionaire Bootcamp, Portugal, success, ThinkBIG