Over the years I’ve spent a lot of time studying rich people, and over the last decade I’ve personally mentored some very successful people.
Along the way, I’ve become much more successful as well.
I’ve written about success in my books and my blogs, and we discuss these topics in this monthly Rich Habits Poor Habits podcast.
This is the second in a series focusing on the Success Habits of the Rich.
In the previous podcast, we looked at some of those success habits, but there were too many for just one podcast, so in today’s episode, we’ll continue to look at some of the main Success Habits of the Rich.
Success Habits of the Rich
- 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 a 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 don’t 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 Australian’s 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 dis-empowering habits.
The big differentiator in the see-saw of life is: do you have more of these success habits or more of the dis-empowering “poor” habits.
Links and Resources:
Some of our favourite quotes from the show:
“I think the point in some ways is that as people get a bit more money, it doesn’t always make them happier, so you’ve got to make your life happier.” –Michael Yardney
“When you look at the 1%, most of the people listening to this podcast are already the 1% when you take into account the general wealth in the world.” –Michael Yardney
“The other really important point is this delayed gratification. That’s clearly a trait of all successful people.” –Michael Yardney
PLEASE LEAVE US A REVIEW
Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes – it’s your way of passing the message forward to others and saying thank you to me. Here’s how.
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.