Well over 30 years ago I began my study of rich and successful people.
Of course, not all rich people are successful, and not all successful people are rich but remember I was much younger and more naïve then and wanted it all.
I tried to understand why some people were rich while others kept struggling financially.
Over the years I attended many seminars, paid mentors, and read as many books as I could on the topic of success.
I modelled successful people and eventually grew successful myself.
It wasn’t easy, I’ve had my challenges in life (mostly self-inflicted) and I’ve hit rock bottom, but I got up again, learned from my mistakes, and moved forward.
And for well over a decade I’ve mentored over 3,500 successful (and some not so successful) investors, business people and entrepreneurs.
In fact, a byproduct of this is my international top-selling book – Rich Habits, Poor Habits - which has been translated into 4 foreign languages
In it, I explain…
Instead, it has a lot to do with how you think about money.
So if you want to become rich, one of the first steps is to know how the wealthy think about money differently than you do and to start thinking like them.
The next step is to take action and to let the action become natural by thinking the way wealthy people think.
Click here to find out more about my book and get your own copy now.
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I’ve found rich people share similar habits.
While I explain this in some detail in my book, today I’d like to briefly share…
- The average Australian thinks about spending their money, while the rich think about how to invest their money.
- The average Australian worries about running out of money while the rich think about how to use their money to make more money.
- Most people believe hard work makes you rich, while the rich know that leverage creates wealth.
- Successful people don’t procrastinate.
They don’t spend their life waiting for the ‘right time’ or waiting until they know it all or have figured everything out.
- The average person believes having a job gives them security.
The Rich know there’s no such thing as “job security.”
- Most people “want to be rich. The Rich is committed to being Rich. (They are very different things.)
- When things go wrong, the Rich find a lesson, while others only see a problem.
- The average Australian sets their financial expectation low, so they’re never disappointed.
On the other hand, the Rich set their financial expectations high so they’re always excited.
- Successful people take calculated risks – financial, emotional, professional, and psychological. But once they’ve built their wealth they take fewer risks.
- The Rich consciously and methodically create their own success, while others hope success will find them.
- The Rich look for and find opportunities where others see obstacles.
- The average Australian believes life happens to them.
They are a passenger, while the Rich believe that they create their own destiny.
They are the pilot of their lives.
- Successful people align themselves with like-minded people.
They understand the importance of being part of a team.
They create win-win relationships.
- The poor believe money will make them happier, while the Rich know that money has little to do with happiness, but it does make your life easier and more enjoyable.
- The Rich don’t blame (what’s the point?).
They take responsibility for their actions and outcomes (or lack thereof).
They know there is no such thing as a rich victim.
- The poor believe it’s wrong for a small group of people (the 1%) to possess most of the money.
The Rich welcomes the masses (the 99%) to join them.
- Successful people are not necessarily more talented than the majority, yet they always find a way to maximise their potential.
They get more out of themselves. They use what they have more effectively.
- The poor believe they must choose between great family life and being poor, or love and being poor. The Rich know they can have it all.
- Successful people are solution-focused, rather than looking for problems or obstacles.
- Successful people are fearful like everyone else, but they are not controlled or limited by fear. They use it to empower themselves.
- Successful people get up early.
They know there’s no shortcut so they work hard until they’ve accumulated a big enough asset base (created their own cash machine) so they to have to work hard anymore.
Now before you get too offended…
I’m not making a judgment when I say rich people or poor people – they are terms I use to help clarify the different ways of thinking that 1% of Australians exhibit from the majority of the population.
It’s also worth realising…
We all have some of these successful habits and we all exhibit some disempowering habits.
The big differentiator in the see-saw of life is doing you have more of these success habits or more of the disempowering “poor” habits.
Of course, true wealth has nothing to do with how much money you have, but if you want to get the financial education you never had I suggest you get a copy of my best seller- Rich Habits, Poor Habits
Just click here now – find out more and get an old-fashioned physical book or an eBook.
Of course, there’s a lot more to becoming rich than the way you think, but it’s an important starting point.