5 Important Lessons Young People Should Learn
From Bill Gates
William Henry Gates III popularly known as
Bill Gates was born on October 28, 1955.
A business magnate, an investor, a philanthropist,
an author and the Founder of Microsoft which
is the world’s largest PC software company
Bill Gates has made it many times to the first
position on the Forbes List of the World’s
Billionaires with a net worth of about $78.6
Billion.
In 2017, Gates had given a total amount of
$23.5 billion to Charity making this the second-highest
amount ever given to charity.
So how did Bill Gates become so successful
and what can young people learn from him?
In this video, we’ll share with you; 5 important
lessons young people should learn from Bill
Gates.
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Lesson 1
Don’t be afraid to take calculated risks
In 1975, Bill Gates decided to drop out of
Havard in order to pursue his goals.
This at the time looked like an extremely
risky gamble that he was taking with his future
on the line.
However, he did it for what he believed in
and worked hard to make it a success.
The lesson for young people
You don’t necessarily have to drop out of
school but you must know when to jump into
the water and pursue your dreams.
It will always be risky to take that step
but without it, you may end up like everyone.
Don’t be afraid to take risk because your
glory is at the other end of the tunnel.
Lesson 2
The more you know, the more you achieve
Bill Gates from his childhood loved reading
and his parents encouraged him to keep reading.
It was reported by the Wall Street Journal
that in 1963 Bill read the complete World
Book Encyclopedia Series at the age of 8 years.
As a child, Bill read a ton of books and he
even confirmed that the dreams he had as a
kid were inspired by the fact that he read
a lot of books.
On his blog Gates Notes, he frequently recommends
books and there is a section available for
book reviews.
Reading has always been a part of his life
and has inspired him to pursue the business
ideas that made him successful.
The lesson for young people
How often do you sit down to read a book?
How many books can you say you have read in
the last 12 months?
Reading seems to be a very big problem for
many young people today because of the many
distractions around us.
Training yourself to read educational and
inspirational content will have an impact
on how successful you can become because from
books come knowledge and from knowledge comes
ideas.
Emulate the example of Bill Gates.
Read good books.
Lesson 3
No success without failures
In 1970, Bill Gates and his friend Paul Allen
scraped together $360 to build a microprocessor
chip for a program that tracked traffic flow
in Seattle.
The program worked well, however they realized
that they knew more about building machines
than how to sell them.
This project ended up a failure.
From this experience, Gates learned the importance
of a business model and eventually, he came
up with Microsoft.
The lesson for young people
Bill Gates later said; “I failed in some
subjects in exam, but my friend passed in
all.
Now he is an engineer in Microsoft and I am
the owner of Microsoft” hahahahah..
The failure and mistakes you experience in
life should be seen as opportunities for you
to improve and learn new things.
You can’t succeed until you fail.
The more things you’re willing to try, the
more failures you’ll experience and the
more successful you’ll become.
Failure is part of life’s journey; get used
to it!
Lesson 4
Seize your Chance
In 1980, IBM wanted to develop a 16-bit personal
computer and approached Gates but Gates referred
them to his competitor, Gary Kildall, owner
of Digital Research Company.
However when the IBM reps showed up at his
company, Gary was out flying his plane and
his wife and business partner refused to sign
the agreement in his absence.
When Gates found out, he decided to lease
a similar operating system from another company,
repackaged it as DOS and gave it to IBM.
This development paved the way for Microsoft
to dominate through MS-DOS and then Windows,
which made Gates a billionaire by the age
of 31.
The lesson for young people
If you are faced with the chance to make money,
never pass it up for whatever reason.
Gate’s career could have turned out differently
without the assistance from his competitor.
If Gary Kildall had been available to meet
with the IBM reps or if his business partner
had been intuitive and clever, Gates would
not have had the chance to become the billionaire
that he is.
Be smart and clever when making business decisions.
Know how to smell opportunity and don’t
wait a second when you find one.
Lesson 5
Make a Difference
"From those to whom much is given, much is
expected.”
This statement was written in a letter Gates’
mother, Mary Maxwell Gates gave his wife six
months before she passed away in 1994.
These words stayed with Bill Gates and he
made it a responsibility to improve the lives
of the less fortunate all around the world.
In 1994, Bill tasked his father with $100
million to start the William H. Gates Foundation.
This foundation later became part of the Bill
& Melinda Gates Foundation founded in 2000.
Bill Gates chose to live his life adding value
to the lives of people and helping people
to become better.
The phrase “Change the World or go home”
is even pinned on the Walls of Microsoft HQ
demonstrating what Bill Gates advocates.
Bill gates as co-chairman of the Melinda and
Gates Foundation works to fund causes geared
towards enhancing healthcare, promoting education
and reducing extreme poverty.
The lesson for young people
It’s not about how much you can get out
of the world.
It’s about how much you can give.
Stop thinking that the world owes you anything.
Start thinking what you can give to make the
world a better place.
Like Bill Gates said; “As we look ahead
into the next century, leaders will be those
who empower others”
In conclusion, if you’re a young person
and you want to be rich and successful in
life;
You must learn how to take logically informed
and calculated risks.
Learn a new thing every day because learning
breeds understanding and intelligence, very
important traits for any successful person.
Know that failure will happen.
You will likely experience drawbacks or make
mistakes, but that is all right.
Mistakes are lessons that you learn and improve
on.
Where your rivals and competitors make mistakes
or overlook certain business paths, be the
one to seize the moment and make yourself
rich.
Success is not only about the amount of wealth
that you possess but also the lives that you
can influence positively.
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