[Rushtalk] Understanding The Wealthy
John A. Quayle
blueoval57 at verizon.net
Sun Oct 5 22:27:36 MDT 2014
What The Middle Class Doesn't Understand About Rich People
* Steve Siebold, <http://www.businessinsider.com/contributor>Contributor
* Oct. 3, 2014, 9:39 AM
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. Weve 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 didnt 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 isnt 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 theres
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.
Its 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 theyre 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
wont be realized for years, yet they patiently
and painstakingly plan and dream of what their future will look and feel like.
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 theyre 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, theyre
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 dont 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,
its acquired mostly for the purpose of attaining personal liberty.
Its 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 cant
do. Its tough to make a moral stand for freedom
when youre 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 cant 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 youll 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
thats 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 theres 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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