Planning
12 June, 2019 - 03:46 PM GMT

Change your mindset: 7 ways rich people think differently to you

Steve Siebold, author of How Rich People Think believes rich people think differently to the average Joe. According to Siebold, who has spent over 30 years researching the subject and rubbing shoulders with millionaires, the truly rich have a very different attitude to wealth. YBI reports.

Money is NOT the root of all evil

According to Siebold the rich put no faith in the adage ‘money is the root of all evil’, rather the rich believe money allows you to facilitate better options for yourself and those around you. Rich people don’t attach a stigma to money – particularly if they come from old money – that is, generational wealth. Siebold writes, the rich understand “while having money doesn’t guarantee happiness, it does make your life easier and more enjoyable”.

It pays to be Veruca Salt

Remember Veruca Salt, the spoilt rich kid from Roald Dahl’s classic children’s book, Charlie and the Chocolate Factory, chances are if you encountered her in real life you’d think she was an entitled brat. However, if you come from the wealthy class, Siebold believes you’d have another opinion. Siebold suggests that rich people applaud selfishness. Afterall, if you’re not taking care of yourself, how can you take care of anyone else?


Look to the future

While the average person gets nostalgic for the good old days, the rich always have their eyes on the prize. And what’s that? Why a bigger, brighter, richer future, of course.

Self-made millionaires get rich because they’re willing to bet on themselves and project their dreams, goals and ideas into an unknown future,’ Siebold writes.

‘People who believe their best days are behind them rarely get rich, and often struggle with unhappiness and depression.’

Do what you love

One of the key tenets that many wealthy people follow is to do what they love. Rather than working at a nine to five grind, the rich follow their passion.

One of the smartest strategies of the world class is doing what they love and finding a way to get paid for it,’ writes Siebold.

Never use your own money

Forget the saying you have to have money to make money, the rich will always look for ways to avoid using their own wealth. ‘Rich people know not being solvent enough to personally afford something is not relevant. The real question is, ‘Is this worth buying, investing in, or pursuing?,’ says Siebold.

If you answer yes, then it’s time to find the means to do so…

Think big, forget the dollars and cents

While the majority of us are scrimping and saving hoping that by doing so we will one day hit it rich, Siebold suggests the rich are doing the exact opposite.  ‘The masses are so focused on clipping coupons and living frugally they miss major opportunities,’ says Siebold.

Instead the rich are always looking for opportunity and focus their energy on where the big money is.

Stay out of your comfort zone

‘Physical, psychological, and emotional comfort is the primary goal of the middle-class mindset,’ Siebold writes.

‘World class thinkers learn early on that becoming a millionaire isn’t easy and the need for comfort can be devastating. They learn to be comfortable while operating in a state of ongoing uncertainty.’

The lesson here: If you want to be rich you need to abandon your comfortable thinking and be willing to take risks.