How rich people think differently
Chalk it up to a recession, ballooning executive pay, the Occupy movement or whatever, but perhaps now more than any other modern time there is a gap between the wealthy and otherwise.
Certainly, money is the most obvious separation here, though one author suggests the key difference between the wealthy and average lies in a mindset.
How do rich and average consumers think differently? With notes from Steve Siebold, the writer behind How Rich People Think, here are a few ways.
For his book, Siebold spent nearly three decades interviewing millionaires from around the world, and what he found was a resounding difference in the way rich people think.
For instance, the author writes, average people may think money is the root of all evil, while rich people think poverty carries the same principle.
“The average person has been brainwashed to believe rich people are lucky or dishonest,” Siebold writes. Conversely, “the world class knows that while having money doesn’t guarantee happiness, it does make your life easier and more enjoyable.”
Here are more ways Siebold found, with a nod to Business Insider, that rich people think differently:
1) Average people have a lottery mentality. Rich people have an action mentality.
2) Average people wax nostalgic. Rich people dream of the future.
3) Average people earn a living doing things they don’t love. Rich people follow their passion.
4) Average people set low expectations to avoid disappointment. Rich people go after a challenge.
Anything look familiar? These are broad, sweeping statements, to be sure, but Siebold’s research seems to back up any of the above points you don’t agree with already.
Average people, Siebold writes, see money as “a never-ending necessary evil that must be endured as part of life. The world class sees money as the great liberator, and with enough of it, they are able to purchase financial peace of mind.”
By Jason Buckland, MSN Money