Why do the rich keep getting richer?
What do successful people do differently?
Being rich has little to do with the money itself.
Instead, it had 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 and how they act around money.
Last week I shared 21 Success Habits of the Rich and it was one of the most read blogs I’ve written in a long time.
So today I thought I’ll share another 20 Success Habits of the Rich.
Of course not all rich people are successful, and not all successful people are rich, and I’m not making a judgment when I say “rich” people or “poor” people.
These are terms I use to help clarify the different ways of thinking that 1% of Australians exhibit from the majority of the population.
However, after studying rich and successful people for over 30 years and now that I’ve mentored over 2,500 successful (and some not-so-successful) investors, business people and entrepreneurs over the last decade, I’ve noticed some success habits the rich exhibit are very different to the way the average person behaves.
In fact, I’ve documented them in my international top-selling book – Rich Habits, Poor Habits - which has been translated into 4 foreign languages
Click here to find out more about my book and get your own copy now.
Anyway…In my studies, I’ve found rich people share similar “success habits."
While I explain this in some detail in my book, today I’d like to briefly share …
- Successful people ask the right questions –ones that put them in a productive, creative mindset and a positive emotional state. They understand that the better the questions they ask – the better the answers they get and the better the results they achieve.
- Successful people have clarity and certainty about what they want (and don’t want) for their life.
They actually visualize and plan their future while others are merely spectators of life.
- While the poor believe rich people are lucky, the Rich know luck has nothing to do with their success.
- The Rich are voracious life-long learners.
They constantly work at educating themselves, sometimes formally and academically; but more often informally by asking, watching, reading or listening and also experimentally by doing, trying, failing and trying again.
- Successful people are glass half full people – while still being practical and down-to-earth.
They have an ability to find the good in everything around them rather than look for faults, problems or stumbling blocks.
- Putting it another way…the poor focus on obstacles in their way while the Rich focus on all the opportunities all around them.
- While many people are pleasure junkies and avoid pain and discomfort at all costs, successful people understand the value and benefits of working through the tough stuff that most others avoid."
- The poor believe they aren’t worthy of wealth, while the Rich believe they deserve to be rich.
- Successful people are adaptable and embrace change.
They are comfortable with and embrace the new and the unfamiliar, while the majority of us are creatures of comfort and habit.
- The poor often resent successful and rich people (you know what I mean…they’re waiting for the property market to collapse on those who’ve worked hard to buy an investment.)
On the other hand, the Rich admire other rich and successful people.
- Successful people don’t believe in, or wait for fate, destiny, chance or luck to determine or shape their future. They believe in, and are committed to actively and consciously creating their own best life.
- The poor think about money emotionally, while the Rich think about money logically.
- Successful people have a plan for their lives and work methodically at turning that plan into a reality.
Their lives are not a blundering series of unplanned events and outcomes.
- The poor often think that rich people are dishonest, while successful people know that rich people are ambitious
- While the poor believe money is the root of all evil, wealthy people know that poverty is the root of all evil.
- The poor believe money changes people.
The rich understand that money reveals people.
- The poor are worried that if they become rich they will lose their friends.
The Rich believe being wealthy will expand their network.
- Successful people are resilient.
When most would throw in the towel, they’re just warming up.
- The poor believe their thinking is unrelated to their net worth.
Successful people know their mindset is critical to their results.
- Many people believe you have to be educated and smart to be rich.
Successful people know intelligence has little to do with getting rich, but know they have to be financially fluent
- Also read:Everything you need to know about the state of Australia’s property markets in 20 charts – December 2023
- Also read:Sydney property market forecast for 2024
- Also read:What makes an A-grade property?
- Also read:Latest property price forecasts for 2024 revealed. What’s ahead in our housing markets in the next year or two?
- Also read:Here’s how to avoid these 12 common reasons property investors fail to build a Multi Million Dollar Property Portfolio
Our subconscious never sleeps, working tirelessly day in and day out.
It makes up 5/6ths of our brain and controls our breathing, heart, blood flow, metabolism and all our bodily function without any conscious direction on our part.
It is the seat of our emotions and memory and responds to our beliefs.
There is something in our brain called the Reticular Activating System (RAS) that acts as a data filter.
Our brain is constantly bombarded with millions of bits of information coming in from our senses and the RAS filters this data, eliminating most of it, and allowing in only that data the subconscious has been programmed to allow in.
The RAS is what thing that turns the sound down when we’re sleeping, but if you’re a mother it is what allows you to sleep through most noises unless you hear your baby cry and then you wake up while your husband soundly sleeps right next to you.
Your RAS helps you tune in and out and it’s your internal goal-seeking mechanism.
We all have some successful (empowering) 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 book – 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.
Find out more in my book; click here now and get your copy.