Probably like my greatest post ever...

DABK

10 years ago

I must of been born to be rich. I do everything right! So where's them billions?

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Claude Whitacre

10 years ago

Originally Posted by TheBigBee

21 Ways Rich People Think Differently | teremity

Sent chills up my spine.

Think big.

I know lots of rich people...and lots of poor people. I was going along until I read this.

"Average people earn money doing things they don’t love. Rich people follow their passion."

That's a common misconception. Someone once said "Follow your passion, and the money will come". It sounded poetic, and so it stuck. The only time that's true, is if there happens to be lots of money to be made by that particular passion.

But the vast majority of wealthy people are in businesses that are anything but a Passion. The Dry Cleaner with 15 outlets doesn't have a passion for dry cleaning.... they have a passion for growing a business.

If you take out actors, athletes, and artists (musicians included)....it's the building a business that is attractive. It isn't passion..but Ambition.

Business owners are usually in businesses that are anything but exciting.
I have a very successful vacuum cleaner store The last thing I like talking about is vacuum cleaners. Do you think dentists love working on teeth? Most don't.

Anyway, it was a reasonably accurate list. Business Brilliant (a recent book) shows what wealthy people really think. The list is pretty close. In fact, it's so close, I had to make sure it was two different authors. It is. But it looks like one just copied the other. The content is nearly identical.

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abbot

Banned 10 years ago

I'm actually shocked that there is so much criticism on that page. Besides a handful of statements the author made, I thought it was a pretty decent read.

But holy shit...many people did not. I feel that the word 'rich' is very controversial and people interpret it in many different ways.

It all depends on how one perceives wealth. Because I agree with Claude that there are many 'rich' individuals that I would hate to trade lives with and I'm sure they would give anything to "GET OUT". To some people 'rich' isn't necessarily monetary.

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Claude Whitacre

10 years ago

Originally Posted by abbot

I'm actually shocked that there is so much criticism on that page. Besides a handful of statements the author made, I thought it was a pretty decent read.

But holy shit...many people did not. I feel that the word 'rich' is very controversial and people interpret it in many different ways.

It all depends on how one perceives wealth. Because I agree with Claude that there are many 'rich' individuals that I would hate to trade lives with and I'm sure they would give anything to "GET OUT". To some people 'rich' isn't necessarily monetary.

Abbot; I didn't really say that. But thanks for pointing out the reader comments.
I usually don't read them. Yup, just like every page of reader comments.

1) Rich people are evil. and then ....
2) I hate you! Die! I'll see you in hell!

I must confess, that it still amazes me what most people think rich people are like. Most are a little less dysfunctional than most of us. And they do things that make money.

I've never met a wealthy person who wanted to be poor. Making money takes smarts. Keeping it takes discipline.

Those guys in the movies, always drinking champagne? Always playing polo? Never actually working? and being mean to regular blue collar working stiffs?

I've never met one of those.

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wsands

10 years ago

Originally Posted by Claude Whitacre

I know lots of rich people...and lots of poor people. I was going along until I read this.

"Average people earn money doing things they don't love. Rich people follow their passion."

That's a common misconception. Someone once said "Follow your passion, and the money will come". It sounded poetic, and so it stuck. The only time that's true, is if there happens to be lots of money to be made by that particular passion.

But the vast majority of wealthy people are in businesses that are anything but a Passion. The Dry Cleaner with 15 outlets doesn't have a passion for dry cleaning.... they have a passion for growing a business.

If you take out actors, athletes, and artists (musicians included)....it's the building a business that is attractive. It isn't passion..but Ambition.

Business owners are usually in businesses that are anything but exciting.
I have a very successful vacuum cleaner store The last thing I like talking about is vacuum cleaners. Do you think dentists love working on teeth? Most don't.

Anyway, it was a reasonably accurate list. Business Brilliant (a recent book) shows what wealthy people really think. The list is pretty close. In fact, it's so close, I had to make sure it was two different authors. It is. But it looks like one just copied the other. The content is nearly identical.

Totally agree, "follow your passion and the money will come" is false. You have to create a revenue model out of your passion first, then follow it.

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Facebookcash

10 years ago

i totally agree! Some are born rich while others who "think" rich CAN GROW RICH!

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trader909

10 years ago

poor people = poor attitude

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trader909

10 years ago

usually been born with it and are **** assholes to put it bluntly. Terrible people. Think Paris Hilton..thick as a brush, never done days work in he life, RICH beyond most people's dreams.

Those guys in the movies, always drinking champagne? Always playing polo? Never actually working? and being mean to regular blue collar working stiffs?

I've never met one of those.

The multi-millionaires I am talking about do work hard, but play hard as well. They have usually built businesses up.

You find it hard to talk to moaning Joe Bloggs" after being in the company of the people.

Sadly,most here have sh** attitudes to money as well.

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trader909

10 years ago

go into a bar/train station, shopping mall......just observe.....i am surprised the human race as progressed really.

I have to agree with Gina Rinehart.

Why do people complain that they cannot be rich?
Yet they have money to smoke, booze, party et all?

Why not work hard and make money
instead of whining???

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smwordsmith

10 years ago

A very good read, both the OP's recommended post and these comments!

I certainly agree with a lot of what Gina Rinehart has written. I grew up in a lower middle class family raised with my parents' belief that rich people are crooks. This leads most, and most certainly me, to spend a life of self-sabotage when it comes to getting rich. After all, if I become rich, then I am a crook.

It has taken me years to overcome that. Am I yet rich? Far from it. Hmm... maybe I have not overcome it yet!

I do think our education system does a lot to keep people in the socio-economic class in which they were raised. Most of the public schools fail to equip our kids to rise above the status quo. While there is the exceptional exception of someone who excels and succeeds despite all of that, for the most part, I must agree with @trader909,

go into a bar/train station, shopping mall......just observe.....i am surprised the human race as progressed really

.

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Sheila

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Claude Whitacre

10 years ago

Originally Posted by smwordsmith

I grew up in a lower middle class family raised with my parents' belief that rich people are crooks. This leads most, and most certainly me, to spend a life of self-sabotage when it comes to getting rich. After all, if I become rich, then I am a crook.

Yeah, when I was a kid, my Aunt asked me "Would you rather be rich or poor?" I said "Rich, I guess". Then she said "I'm glad we're poor, because when you're poor, you have love. Rich people can't love".

My Grandfather told me, when I started selling insurance...."You need to know your place.". these are well meaning, loving people that believe what they are saying. Sad.

Originally Posted by misterme

You might enjoy reading "Secrets Of The Millionaire Mind." Goes into those differences in more depth.

@Claude: Steve Jobs also preached having a passion for your work. And the reason is simple enough: Success takes work and effort, climbing out of your comfort zone, and doing things others won't, as you know. Without a passion for it, most people will quit. The passion is what keeps you going. You're calling it "ambition." Maybe it's the same thing.

Young Misterme; I think it's the same thing for most. The problem is, that most people who read "Follow your passion..." assume that that is how to get rich. It isn't. It's "Follow your passion, as long as your passion is something that can generate lots of money".

"Following your passion" means (to some people), helping others less fortunate, playing a musical instrument, making crafts, drawing comic books, acting, practicing a martial art, photography, travel...the actual activity.

Ambition is more specific. It's "Getting ahead financially" (although you could have other ambitions).

Like "I love to paint. I can paint all day. I'm very passionate about painting. I want to do nothing else". That's passion.

"I'm going to become wealthy by painting". That's ambition.

For me, (and probably you) they are the same. Fortunately, I'm passionate about two things. Selling, and Kung Fu. I'm glad one of them makes money.:rolleyes:

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TheBigBee

10 years ago

Originally Posted by Claude Whitacre

Yeah, when I was a kid, my Aunt asked me "Would you rather be rich or poor?" I said "Rich, I guess". Then she said "I'm glad we're poor, because when you're poor, you have love. Rich people can't love".

My Grandfather told me, when I started selling insurance...."You need to know your place.". these are well meaning, loving people that believe what they are saying. Sad.

Young Misterme; I think it's the same thing for most. The problem is, that most people who read "Follow your passion..." assume that that is how to get rich. It isn't. It's "Follow your passion, as long as your passion is something that can generate lots of money".

"Following your passion" means (to some people), helping others less fortunate, playing a musical instrument, making crafts, drawing comic books, acting, practicing a martial art, photography, travel...the actual activity.

Ambition is more specific. It's "Getting ahead financially" (although you could have other ambitions).

Like "I love to paint. I can paint all day. I'm very passionate about painting. I want to do nothing else". That's passion.

"I'm going to become wealthy by painting". That's ambition.

For me, (and probably you) they are the same. Fortunately, I'm passionate about two things. Selling, and Kung Fu. I'm glad one of them makes money.:rolleyes:

Claude,

I think your aunt meant really well. If you asked me what I wanted to be when I was 10 - I would have said an actor. My mom quickly and "brutally" crushed my dream not because she didn't want to see me make it as an actor, rather to spare me the pain of not being able to make it as an actor.

The odds are very slim...

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FILL IN THE BLANKS!

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Claude Whitacre

10 years ago

Originally Posted by TheBigBee

Claude,

I think your aunt meant really well. If you asked me what I wanted to be when I was 10 - I would have said an actor. My mom quickly and "brutally" crushed my dream not because she didn't want to see me make it as an actor, rather to spare me the pain of not being able to make it as an actor.

The odds are very slim...

My Aunt meant well. And I loved her. But she was very wrong. She was convinced that wealthy people were evil...immoral..people who didn't love their families.

Growing up, all my relatives were either on Welfare or worked in a machine shop. They were loving, fair minded people. But the thought of doing more with their life, simply never occurred to them. I value that experience. It shows me that poorer people aren't lazy (OK, some are), they just have a certain world view. But that world view is wrong.

A question I keep asking myself is...What am I still doing to hold myself back? In other words, what perceptions do I still have that are simply wrong?

I had a dream years ago that I had split up into ten versions of myself. Each of us fell on a scale of one through ten...each one being a better version of me. I was a five. The "One" was very fat, had no teeth, and was homeless. The "Four" was like me, but just a tad chubbier. The "Six" was a little faster, a little smarter.

So, the "Four" and "Six" version of me...joined with me to find the #10 version of me. We did. He was living at the top of a skyscraper. Had employees buzzing around, and sat at a giant computer console...ruling his empire.

He saw us, and was very polite...inviting us to join him for lunch. He just listened, acting like everything we said was the most important thing in the world. He made all of us feel very important. We wanted to keep talking with him. He was warm, funny, and only took quick interruptions to give two and three word orders to people walking up to him. He was the center of a giant web of activity. I was in Awe.

And then I woke up. Weird. I have no idea what prompted that dream. I was maybe 25 at the time.

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misterme

10 years ago

You might enjoy reading "Secrets Of The Millionaire Mind." Goes into those differences in more depth.

@Claude: Steve Jobs also preached having a passion for your work. And the reason is simple enough: Success takes work and effort, climbing out of your comfort zone, and doing things others won't, as you know. Without a passion for it, most people will quit. The passion is what keeps you going. You're calling it "ambition." Maybe it's the same thing.

Thanks

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iblamemonkeys

10 years ago

Average people believe they must choose between a great family and being rich.

This has been really holding me back from getting on with things. It is a belief to definitely replace.

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ThePromotionalGuy

10 years ago

So it took Steve 3 decades.

What a maroon. All he had to do is read "Think and Grow Rich".

If you want to be rich I'll give you 10 simple steps.

Diligently Aquire
Diligently Delegate
Diligently Expand
Diligently Monitor
Diligently Test
Diligently Correct
Diligently Repeat
Diligently Bounce Back
Diligently Say, "I Will Never Give Up"
Diligently Give Back

The key to wealth has always been through diligence and that my friends is why more people aren't rich. Dicipline is demanding and only rewards those that are willing to accept its terms.

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trader909

10 years ago

Peer pressure is a huge thing in life.

"lie down with dogs......"

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Probably like my greatest post ever...

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