American billionaire John Morgan, owner of the giant law firm Morgan & Morgan, whose fortune is estimated at $1.5 billion, revealed five key principles that helped him build and maintain his wealth over the decades.
Morgan was born as the oldest of five children in a family that struggled with financial instability, and he worked from a young age to learn self-reliance. Despite this, Morgan admits that he sometimes suffers from impostor syndrome and describes his constant feeling of "being discovered one day". However, he sees this feeling as a source of his ongoing drive for success.
Impostor syndrome is a psychological condition in which a person feels undeserving of the success they have achieved, believing that their accomplishments are not a result of their competence or skills, but rather due to luck, external assistance, or deceiving others. In other words, the person feels like a "fraud" deceiving others, expecting that others will discover their truth at any moment, according to Business Insider.
The first principle that Morgan adopts is embracing impostor syndrome. He says that his feeling of doubt motivates him to stay driven and continuously monitor all details of his work, from attendance numbers to new cases and daily reports, which gives him the ability to have complete control over his massive company.
The second principle is to look for luck everywhere. Morgan emphasizes that opportunities do not come by chance; they only appear for those who put themselves in their path. Therefore, he would say yes to every opportunity in his early days, from contacting lawyers for cases to attending meetings and events that others ignored, stressing that every attempt was like a "lottery ticket" increasing the chances of success.
