[Rushtalk] Understanding The Wealthy

William White wbbanjo at yahoo.com
Mon Oct 6 07:07:25 MDT 2014

His descriptions are right on the money.

     On Monday, October 6, 2014 12:27 AM, John A. Quayle <blueoval57 at verizon.net> wrote:

 Your Money More:WealthPsychology Of MoneySmartInvestor 

What The Middle Class Doesn't Understand About RichPeople
   - Steve Siebold,Contributor 
   - Oct. 3, 2014, 9:39 AM 
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Mark Thompson/Getty ImagesThe rich think and act differently from themiddle class.

Few people in the middle class really understand the mindset of therichest 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 anunfair advantage, rich people are crooks, rich people are selfish, etc.These are mostly empty statements with little proof to back themup.

Yes, the rich think and act differently from everyone else, and thedifferences 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.
Mostpeople just want to be comfortable. Physical, psychological, andemotional comfort is the primary goal of the middle-classmindset.

The wealthy, on the other hand, learn early on that becoming amillionaire isn’t easy, and the need for comfort can be devastating. Theylearn to be comfortable while operating in a state of ongoinguncertainty. 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 canreap the harvest of abundant wealth.

It’s not comfortable for a millionaire in the making to forge ahead wheneveryone around her is negative, cynical, and unsupportive, yet those whocan 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 uncomfortablebut will help you build your financial fortune.

Flickr/DellWealthy people have goals and plans to meet thosegoals.

2. The wealthy dream about the future.
Most of us grew uplistening to stories of the good old days, when the world was a kinder,gentler place. The music was better, athletes were tougher, and businesspeople were honest. This tradition of the masses is handed down fromgeneration to generation while its purveyors have no idea how insidiousand destructive it is. People who believe their best days are behind themrarely get rich, and they often struggle with happiness anddepression.

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

Justin Sullivan/Getty ImagesWealthy people aren't arrogant. They'reconfident.

3. The wealthy are more confident.
The negativeprojections and derogatory labels placed on the rich are endless. One ofthe most common is that the rich are cocky, arrogant people who thinkthey’re better than everyone else.

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

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

Flickr/witz-und-verstandMoney is for freedom, not status.

4. The wealthy believe money is about freedom.
Among themany money issues misperceived by the general public is the notion thatacquiring great wealth is more about showing off than creating choices.While money certainly brings status, it’s acquired mostly for the purposeof attaining personal liberty.

It’s impossible to be truly free without wealth. The middle class iscontrolled by employment, government, and other entities with superiorresources that dictate what they can and can’t do. It’s tough to make amoral stand for freedom when you’re worried about making your nextmortgage payment.

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

Start thinking about the freedoms you’ll gain when you arewealthy!

REUTERS/Luke MacGregorLike attracts like, and rich attractsrich.

5. The wealthy carefully monitor theirassociations.
People with high-level formal education like toassociate with the academic elite. Physically fit people enjoy spendingtime with others who are fit. Religious people like to have fellowshipwith people of faith. And rich people like to associate with others whoare rich.

Like attracts like, yet the wealthy are often criticized for having aclosed inner circle that is almost impossible to break into unless youare rich. Successful people generally agree that consciousness iscontagious, and that exposure to people who are more successful has thepotential to expand your thinking and catapult your income. We becomelike the people we associate with, and that’s why winners are attractedto winners.

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

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

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

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SEE ALSO: The Way Millionaires View Money Is Different From Everyone Else 

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