Monday, September 13, 2010

How rich people think

Steve Siebold, author of How Rich People Think, notes these differences between us and them.
The middle class operates from a fear based consciousness, always worrying about the uncertainty of the future and therefore trying to protect and hoard their money. Rich people, on the other hand, operate from a mindset of freedom and abundance. Saving and investing is important to them, but they direct their mental energy toward accumulating wealth through serving people and solving problems. They know that the secret to becoming a millionaire isn’t in the mechanics of the money, but in the level of thinking that generates it.  
Here are some details.
  • Middle class focuses on saving. World class focuses on earning.
  • Middle class believes hard work creates wealth. World class believes leverage creates wealth.
  • Middle class believes money is earned through labor. World class believes money is earned through thought.
  • Middle class worries about running out of money. World class thinks about how to make more money.
  • Middle class sees money through the eyes of emotion. World class sees money through the eyes of logic.
  • Middle class believes getting rich is outside their control. World class knows getting rich is an inside job.
  • Middle class has a lottery mentality. World class has an action mentality
  • Middle class is waiting to be rescued from financial mediocrity. World class knows no one is coming to the rescue.
  • Middle class equates money with stress. World class equates money with peace of mind. 
What he's saying is that the wealthy take responsibility for their well-being.

(Dr. Helen)

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