5 Ways Rich People Think Differently From the Rest of Us
Siebold says that negative ideas about rich people and about money cloud
the thought processes of many people when it comes to their finances.
In his book he writes, "An ordinarily smart, well educated and otherwise successful person can be instantly transformed into a fear-based, scarcity driven thinker..."
Rich people, on the other hand, do not make financial decisions from a place of fear. Money is not something to fear losing, but instead a tool that presents greater options and opportunities
In his book he writes, "An ordinarily smart, well educated and otherwise successful person can be instantly transformed into a fear-based, scarcity driven thinker..."
Rich people, on the other hand, do not make financial decisions from a place of fear. Money is not something to fear losing, but instead a tool that presents greater options and opportunities
4. The middle class has loosely defined goals with flexible deadlines. The wealthy have firm goals with "do or die" deadlines.
"Middle-class people throw mud against the wall and hope something
sticks," says Siebold. "Rich people focus on their money and their
business. They know that, whatever their business is, it solves a
problem. At the same time, they acknowledge that their goal is to make
money and they don't apologize for it."
Siebold says that wealthy people also focus wholeheartedly on one goal at a time rather than taking a scattershot approach to making money.
Siebold says that wealthy people also focus wholeheartedly on one goal at a time rather than taking a scattershot approach to making money.
5. The middle class lives beyond their means. The wealthy live below their means.
While Donald Trump and Richard Branson are known for flying around the
world in their private jets, average wealthy people live more modestly
and own "normal" cars and "normal" houses, says Siebold. They just
happen to have $5 million in the bank.
"Rich people get quietly richer every day," he says. "I met Naomi Judd last year at a TV taping and she told me that the reason she's rich today is that she has never spent her money. She doesn't own designer clothes or expensive jewelry. That's typical of most wealthy people. They aren't flashy."
Siebold says that the most consistent statement he has heard from the wealthy people he has interviewed over the past 30 years is that they want to be free.
"If you're rich you can be completely free and not be a slave to someone else," he says. "The desire for economic freedom is the main catalyst for success. It's what drives people to build their own wealth."
"Rich people get quietly richer every day," he says. "I met Naomi Judd last year at a TV taping and she told me that the reason she's rich today is that she has never spent her money. She doesn't own designer clothes or expensive jewelry. That's typical of most wealthy people. They aren't flashy."
Siebold says that the most consistent statement he has heard from the wealthy people he has interviewed over the past 30 years is that they want to be free.
"If you're rich you can be completely free and not be a slave to someone else," he says. "The desire for economic freedom is the main catalyst for success. It's what drives people to build their own wealth."
Think like a prosperous person
Siebold says that if you're failing financially, you should challenge your core beliefs about money, and about rich people.
"Beliefs are the catalyst for action, and action is the way to build wealth," he says. "You need to have the right mindset to take advantage of opportunities and to solve problems, which will in turn make money."
"Beliefs are the catalyst for action, and action is the way to build wealth," he says. "You need to have the right mindset to take advantage of opportunities and to solve problems, which will in turn make money."
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