Read Every Word of This - Again and Again

Lovvvvvvvvvvvve this. I see the differences blatantly in people I know.

Glad I'm of the right mindset and working on the best path.

The link is down right now...

I just read it...link showed up for me.

Thanks for the share, Brian!
Rose

The link is working fine for me.

Thanks for sharing that article. After spending the last few years working with a lot of business owners, both big and small, I've come to see what makes the one successful compared to the ones that fail. This article really resonated with me because as I get older, I realize that mindset is extremely important in dictating an individual's success.

It's our mindset that dictates what kinds of choices we make, whom we choose to spend our time with, and how we interpret reality when bad things happen to us.

I will NEVER forget what one of my closest mentors told me years ago and it's stuck with me to this day:

"Your five predominant habits will dictate your future.....".

Now don't get too stuck on the number "five". It could 3, 4, or 8. The principle behind this is simple: what you habitually think about and what you habitually do are what will dictate your financial success and your level of happiness.

Person A's 5 dominant habits:

Likes to complain and whine a lot
Blames outside circumstances for their problems
Drinks a lot
Hangs out with friends who are like-minded
Thinks money is evil

Person B's 5 dominant habits:

Tries to see the good in things
Takes total accountability for their sucesses and failures
Drinks socially and doesn't rely on alcohol to feel happy
Surrounds themselves with people they can learn from
Thinks money is simply a medium of exchange, a way of keeping score.

Now which person do you think has a brighter future based on their habits? The article was pretty dead on. Sure, there are exceptions, but you know how that goes.

RoD

The decent principles by which you live, the clarity and consistency of your actions, the ethical and moral values you create for life, and the virtue you practice bring the possibility of being rich and great. In this highly materialistic world, one can be entitled as RICH with the inherited or self-made wealth or hefty bank balance. However, the real rich is the one who knows the meaning of contentment and has nurtured a rich soul inside. In other words, one has to be rich with generosity, kindness, wisdom and virtue of living a disciplined life.

The para above comes from a similar post but with a different approach titled, "17 Ways The Rich Think Differently"

Hope you enjoy reading it

That was an awesome article...definitely saved to my Evernote so I can read it often!

I thought somebody mentioned this on the warrior forum a couple weeks back, and got absolutely lambasted by it. Unless I'm talking about another forum. My memory is in pieces atm.

Bookmarked! I thrive off of articles like this.

Just got done reading The Millionaire Next Door as well.

Hey EBR, thanks for the heads-up on the article.

I see, Siebold's book is available for Kindle. I'll go get my Kindle (the one I didn't win at the W Event 'cause I was out of the room) and order it. :-)

A while back I had the chance to photograph a fellow who is a multi-billionaire. Yes, with a B. After making the photos, I ask him a question, and to my surprise he ask me to have a seat.

He then spent an hour and a half talking with me about his business, and about mine. It was most enlightening. He certainly does approach life in a different manner than the masses.

:-Don

I thought the opposite of "rich" was "poor" but
now I know it's "average".

If you're not rich, you're just average.

Just yesterday I looked at the documentary "Happy"
on Netflix and one researcher said that there was
a big difference in happiness between $5,000 per year
salary and $50,000 but little difference between
$50,000 and $50 million salary.

But maybe he said this because he is just "average".

-Ray Edwards

I am guilty of something after reading this article...

Very good read. Glad to have almost all the attributes listed !

Do not take anything you read too seriously on the internet :/

Average people have time to read blog posts and write on forums. Rich people are too busy to do that.

We've all been guilty of some of these 'average' thoughts at one point or another. The challenge is to constantly be vigilant and work towards adopting the rich persons mindset as much as possible.

great share! thanks a lot, "knowing" what both sides think and applying it to yourself is priceless, maybe someone (maybe me or any of you guys who are reading this) becomes a millionare

Great read.

I agree with every last notion. I've been my own boss since I was 16 years old (41 now) I would never work for someone else - in terms of a pay check that is. I/my company work for our clients everyday but others people money is what my paycheck is comprised of.

Awesome read, it is true that being rich or having money is about having the mentality.

That is half the battle with newbies as they believe they cannot make big money online, so that projection sort of comes back to haunt them.

Rich people are rich for a reason, they do and act differently to most others.

Rich people think you can have it ALL!

Agree! I second and third that! Health, wealth and happiness ...that's where I aim.

Regards,
Dan

Good article I have the right mindset so that is a plus lol!

Some good tips in there, and very true.

I shared this article because I think it is a very worthwhile read.

I enjoyed the article but I would not have titled it 21 ways rich people think differently than average people, instead: 21 ways SUCCESFULL people think differently than average people.

I see a lot of people born rich that have none of the charateristics written about in the article. The funny thing is that being rich does not give you happiness it's being succesfull that does!

like I said, I know a lot of rich people, and trust me on this one, if you're living your life of daddys money you're going to start thinking your a failiure later on in life (wich may or may not be true), but if you are succesfull and strive to greatness you will have a smile on your face even when you work hard.

Edit: spelling and formatting.

Solid Read..

I personally found the article loaded with stereotypes, both regarding the rich and the poor, without actually disclosing any non-cliche info.

For example: "Average people let money stress them out. Rich people find peace of mind in wealth." ... of course the average Joe stresses about money... because he doesn't have any and has bills to pay!

Another example: "Average people would rather be entertained than educated. Rich people would rather be educated than entertained." ... yeah right... I don't see many university professors or lab scientists driving around in their Rolls Royce...

And another example: "Average people believe they must choose between a great family and being rich. Rich people know you can have it all." ... this is so retarded I don't even know where to begin. What does family relationships got to do with wealth?!?!

What a silly article really.

This is a great article. Thanks for the share. It's all about having an abundance mentality, thinking OUTSIDE the box and most important of all taking ACTION!

I love the FIRST one:

Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.

Most people think that being RICH is evil and being POOR is ok. That is why they are poor.

Average people believe the markets are driven by logic and strategy. Rich people know they’re driven by emotion and greed.



Understanding what makes people tick is the elusive secret many here are looking for.



Average people would rather be entertained than educated. Rich people would rather be educated than entertained.

This is why we must use fear and greed to get their attention (entertainment) and then give them what they need once we have their undivided attention (education)


Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.

A friend of mine bought 1 million worth of Coca Cola stock in 1968. Needless to say he was a multi-billionaire by the time I met him. He would often contact me to send out emails and other communications to everyone from stock holders to friends. Not because he didn't want to but because he did not have that skill set.


When I offered to teach him he would ask how much money he would lose by taking the time to learn the task. After a little investigation I understood why he didn't take time to learn lol.

You don't need to do a scientific study about something that's self-evident.

Throughout my professional offline career and in all the years I've been online, the mindset of those I knew who were successful has always been significantly different than those who were weren't.

While some folks might find the label "Average" or "Ordinary" offensive, it's not intended to be - let's face it...if everyone had the kind of mindset it takes, then logically, everyone should be successful and wealthy.

A good example of this is an opportunity I put to together for a couple of my friends a few years ago.

Friend A, was well educated, good technical skills and years of corporate experience in marketing. Friend B didn't have a comparable education, no technical skills and was learning marketing on the fly.

Jump ahead a few months and Friend A was still puttering with the method, still asking questions and still procrastinating. Friend B was $20K richer and going full steam ahead on scaling up his efforts.

By the end of the year, Friend A gave up and took a sales job, while Friend B is still going strong and has expanded into several other areas.

Both friends had an equal chance to make it work, access to everything they needed and a lot of motivational help from me. Friend A just couldn't seem to follow through unless I was right there leading him every step of the way.

Friend A realized that, for whatever reason, he wasn't cut out to run a business on his own and was more comfortable with the security of a job. There's no shame in that - at the end of the day, he made choices based on what was best for him.

Excellent. This fits perfectly with a saying I've adopted about 15 years ago which is this:

Everything You Know Is Wrong

Well, a lot of what we know is way off anyway...

Money doesn't make you happy - but it sure takes the sting out of being poor. (Del Boy)

Minimalistic lifestyles can be much more fulfilling than materialistic ones. It's the belief system that needs to change. If your goal has always been to make money, then quite simply your belief system will not let you see things from a minimalistic perspective.

Unfortunately we live in a conformist, consumerist society where people are programmed to believe money is God. Living below our means in this day and age is unthinkable, and yet, it's the "need" for more that keeps most people in the perpetual cycle of living an uncomfortable life.

This doesn't apply to poverty stricken families who can't feed their kids, that's just another effect of the greedy wanting and taking more than they need. If money is your only goal in life, I feel sorry for you.

In saying that though, there's nothing wrong with wanting to live a comfortable life and not have to worry about bills. It's the "need" for it that worries me.

I actually bought the whole book a little while back after reading the same article. It's quite a good read and well worth the buy, especially if you grab the Kindle version which is a low price.

It gets a little repetitive about half way through but that's okay, as it's material that bears repeating.

On the subject of poverty and greedy people taking too much, the book actually makes a distinction between what it calls the "World Class" and the "Upper Class".

It describes the "Upper Class" as people who have a great deal of money, through inheritance or other means, but are still trapped in the fear based thinking of a "poor" person, and hence hoard more than they need and may be unfeeling toward others.

They describe the "World Class" as world class thinkers, world class strategists, who use their world class behavior to become wealthy and in turn become the greatest philanthropists on the planet, able to mindfully and compassionately redistribute money to where it is needed most.

And it's this "World Class" thinking that the book is focused on.

They talk about most of the world's charities being heavily supported by the contributions of "World Class" wealthy people, who are able to do tremendous good in the world because of the resources they are able to route.

And it does talk a lot about the contents applying mostly to people in the "Middle Class" who may have the resources and ability to make change, but not the mindset required to do so.

If someone is at the poverty level however, I would suggest that thinking in the right way is still the best path to getting first to the stable "Middle Class" level and then stepping right on past it to the "World Class".

I know I personally started my adult life with something of a disdain for money, business and so on, wanting to live a purely altruistic life.

Over the years I learned (the hard way) that if I really wanted to do good in the world, the best possible way I could do so was to get laser focused on become tremendously wealthy, so that I would have the resources to make real change.

For example, Google "how much has j.k rowling donated" or "how much has richard branson donated" to see how much good you can do in the world once you have massive resources to give. I can think of nothing better than being able to donate $10 million or $3bn at will to the place I see most fit.

Many people complain about this government or that organization not putting money where it needs to go. I prefer to keep tuning my "World Class" thinking so I can personally make sure money goes where I think it needs to go.

If enough people took this approach, and were successful, just imagine the shift in control over resources that could take place, and the tremendous anti poverty initiatives that could be funded.

That's part of the book too by the way; rich people believe that nobody else is coming to save them - if they want to see change they create it themselves.

I didnt see "rich people expect more from themselves than anyone else." or "rich people look at problems as opportunity"

Fantastic link, though! THanks Brian!

Very interesting read. Thanks for the share.

Hi Brian:
Siebold says. "Walk into a wealthy person's home and one of the first things you'll see is an extensive library of books they've used to educate themselves on how to become more successful,"

This is so true, and yet fools do not read because they think themselves wise.

The biggest thing I see in everyday life is people doing things they dont love and then whining about how they cant make any money knowing all the while that you make money by doing things you love to do.

A simple thing that everybody knows and still never take any action because its too hard to get out of your comfort zone!