[Rushtalk] Understanding The Wealthy

John A. Quayle blueoval57 at verizon.net
Sun Oct 5 22:27:36 MDT 2014

Money More: 
Of Money 
<http://www.businessinsider.com/category/smart-investor>Smart Investor

What The Middle Class Doesn't Understand About Rich People

    * Steve Siebold, <http://www.businessinsider.com/contributor>Contributor
    * Oct. 3, 2014, 9:39 AM
    * 366,403





    * print

man in a suit
Mark Thompson/Getty ImagesThe rich think and act 
differently from the middle class.

Few people in the middle class really understand 
the mindset of the richest people.

After all, if they did, they would be among the 
top earners as well. We’ve all heard the remarks: 
Rich people are lucky, rich people had an unfair 
advantage, rich people are crooks, rich people 
are selfish, etc. These are mostly empty 
statements with little proof to back them up.

Yes, the rich think and act differently from 
everyone else, and the differences are as extreme as they are numerous.

Here are five things you probably didn’t know about the wealthy.

1. The wealthy are comfortable being uncomfortable.

Most people just want to be comfortable. 
Physical, psychological, and emotional comfort is 
the primary goal of the middle-class mindset.

The wealthy, on the other hand, learn early on 
that becoming a millionaire isn’t easy, and the 
need for comfort can be devastating. They learn 
to be comfortable while operating in a state of 
ongoing uncertainty. The great ones know there’s 
a price to pay for getting rich, but if they have 
the mental toughness to endure temporary pain, 
they can reap the harvest of abundant wealth.

It’s not comfortable for a millionaire in the 
making to forge ahead when everyone around her is 
negative, cynical, and unsupportive, yet those 
who can push forward are rewarded with riches for 
the rest of their lives. Make a list of the five 
things you must do today that are uncomfortable 
but will help you build your financial fortune.

woman business thinking
Flickr/DellWealthy people have goals and plans to meet those goals.

2. The wealthy dream about the future.

Most of us grew up listening to stories of the 
good old days, when the world was a kinder, 
gentler place. The music was better, athletes 
were tougher, and business people were honest. 
This tradition of the masses is handed down from 
generation to generation while its purveyors have 
no idea how insidious and destructive it is. 
People who believe their best days are behind 
them rarely get rich, and they often struggle with happiness and depression.

The wealthy are future-oriented and optimistic 
about what lies ahead. They appreciate and learn 
from the past while living in the present and 
dreaming of the future. Self-made millionaires 
get rich because they’re willing to bet on 
themselves and project their dreams, goals, and 
ideas into an unknown future. Much of their 
planning time is spent clarifying goals that 
won’t be realized for years, yet they patiently 
and painstakingly plan and dream of what their future will look and feel like.

shaking hands
Justin Sullivan/Getty ImagesWealthy people aren't arrogant. They're confident.

3. The wealthy are more confident.

The negative projections and derogatory labels 
placed on the rich are endless. One of the most 
common is that the rich are cocky, arrogant 
people who think they’re better than everyone else.

The truth is successful people are confident 
because they repeatedly bet on themselves and are 
rarely disappointed. Even when they fail, they’re 
confident in their ability to learn from the loss 
and come back stronger and richer than ever. This 
is not arrogance, but self-assuredness in its finest form.

The wealthy have an elevated and fearless 
consciousness that keeps them moving toward what 
they want, as opposed to moving away from what 
they don’t want. This often doubles or triples 
their net worth quickly because of the new 
efficiency in their thinking. Eventually they 
begin to believe they can accomplish anything, 
and this becomes a self-fulfilling prophecy. As 
they move from success to success, they create a 
psychological tidal wave of momentum that gets 
stronger every day, catapulting their confidence 
to a level so high it is often interpreted as arrogance.

guy jumping into water in Madeira
is for freedom, not status.

4. The wealthy believe money is about freedom.

Among the many money issues misperceived by the 
general public is the notion that acquiring great 
wealth is more about showing off than creating 
choices. While money certainly brings status, 
it’s acquired mostly for the purpose of attaining personal liberty.

It’s impossible to be truly free without wealth. 
The middle class is controlled by employment, 
government, and other entities with superior 
resources that dictate what they can and can’t 
do. It’s tough to make a moral stand for freedom 
when you’re worried about making your next mortgage payment.

Rich people can afford to stand up and fight 
oppression. They can afford to buy their way out 
of unhealthy work environments, bad bosses, and 
other unpleasant situations. They have the means 
to enlist the best doctors when they get sick, 
and they are able to make themselves as 
comfortable as possible when they can’t get well. 
When they want to raise money for business, 
politics, or charity, a few phone calls to their 
rich friends is all it takes. If they need more 
money, they throw a party or host an auction and 
charge $1,000 a ticket. The examples of how much 
money buys freedom are endless.

Start thinking about the freedoms you’ll gain when you are wealthy!

wealth rich young women girls polo
REUTERS/Luke MacGregorLike attracts like, and rich attracts rich.

5. The wealthy carefully monitor their associations.

People with high-level formal education like to 
associate with the academic elite. Physically fit 
people enjoy spending time with others who are 
fit. Religious people like to have fellowship 
with people of faith. And rich people like to 
associate with others who are rich.

Like attracts like, yet the wealthy are often 
criticized for having a closed inner circle that 
is almost impossible to break into unless you are 
rich. Successful people generally agree that 
consciousness is contagious, and that exposure to 
people who are more successful has the potential 
to expand your thinking and catapult your income. 
We become like the people we associate with, and 
that’s why winners are attracted to winners.

In other segments of society this is accepted, 
but the rich have always been lambasted for their 
predisposition to engage the company of people 
with similar financial success. Millionaires 
think differently from the middle class about 
money, and there’s much to be gained by being in their presence.

Set a goal to double the amount of time you spend 
with people who are richer than you. Who knows, it might just make you rich.

Siebold is the author of 
Rich People Think" and a self-made 
multi-millionaire who has interviewed 1,200 of 
the world's wealthiest people during the past 30 years.

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