Think Rich: Understanding The Mentality Of The Wealthy

In one way or another, most of us covet great wealth, right? There’s no shame in admitting that – after all, it’s a very human desire to want to “live comfortably”. It’s convenient to attribute the fortune of others down to luck and good timing... but that would be just plain lazy.

Wealth is a state of mind.

If you want to “be” rich, then you have to “think” rich. To rise above your economic circumstances, you must adopt the mentality of the affluent. To be a genuine money-maker, here are a few points to think about: Follow your dreams Wealthy people pursue their passions. Make money by doing what you love. Set firm goals with deadlines Wealthy people focus unequivocally on one goal at a time. A haphazard approach is not the way to make money. Working harder increases luck Wealthy people adopt an “action” mentality, not a “lottery” one. The harder you work, the luckier you become. Focus on earning, not saving Wealthy people concentrate on boosting their revenue. If you do the same, the percentage you save is greater. Associate with Positive, Successful People Wealthy people respect like-minded people. Study those you admire and aspire to emulate – modelling behaviour is one of the primary ways we learn. Use money as a tool Wealthy people view money through the eyes of logic, not emotion. Look at your income and expenses in terms of cold, hard numbers. Live below your means, not beyond it Wealthy people — generally speaking — live modestly, they just happen to have millions in the bank. Get rich quietly... Maintain good relationships Wealthy people network, network, network! Research shows popular people make more money and are more successful in business. Invest (then reinvest) your money Wealthy people have their money working for them. Passive income is an important creator of wealth and the sooner you get started, the better. Persist until you succeed Wealthy people are results-oriented. Plan your work and execute your plan. Do you want to do some further reading on this topic? Here are a few related articles that we found really interesting: http://www.news.com.au/finance/work/ways-rich-people-think-differently/story-e6frfm9r-1226464697808 http://www.businessinsider.com.au/how-rich-people-think-differently-from-the-poor-2012-8?op=1#average-people-think-money-is-the-root-of-all-evil-rich-people-believe-poverty-is-the-root-of-all-evil-1 http://www.huffingtonpost.com/steve-siebold/being-rich-begins-by-thinking_b_4151580.html http://www.dailyfinance.com/photos/5-ways-rich-people-dont-think-like-the-rest-of-us/ http://www.thefeelgoodlifestyle.com/17-things-rich-people-do-differently.html  

Posted 11 years ago 2 Minute(s) to read