Wealthy people are just like the rest of us. We all have 24 hours a day. We all need to eat, to sleep, to play, to work, and we all have a desire for social connection. We have children and families that we need to support. And we all face problems in life – yes, rich people face problems too, and it’s usually much bigger than what middle-income people face.
After getting my hands on all the wealth creation books I can find, listened to all the interviews, read all the articles and attended a couple of seminars, I found that there’re a few things that almost all successful people have.
Now, some of them may have been a successful businessman, some may have gained their wealth through investments, and some are high-flying executives. The means to which they gain their wealth are different, but there’s one thing in common. They were all operating on a completely different level from the rest of us.
By operating on a different level, I’m referring to the way they think – the way they approach money, work, and life. Have you ever thought about what goes on inside a successful person’s head? And have you ever wondered if your values and beliefs are going to take you to the top? What if you could dissect the brains of those people to find out their strategy for success?
You don’t really have to find a brain and cut it open, because after pouring through all the material I have about the psychology of the rich, I’ve collated these 7 points which I think make the most impact. These are the 5 points which constantly show up time after time, in almost every book, every article and every interview.
1. Successful People Take Full Responsibility for Their Actions
Poor people often blame others for their plight. They blame the government, the economy, their friends, and even their families for causing them to be where they are in the present. Now, think about it, if you’re constantly blaming other people about things that happen to you, can you change your situation?
No you can’t, because blaming others draw power away from you and onto others. Successful people take responsibility for whatever outcome they get. And by taking full responsibility, it means that whatever they’re getting (good or bad), they’re the cause of it. And since they’re the cause of it, they have the power to change it.
2. Successful People Sacrifice Short-Term Pleasure for Long-Term Gain
With the ease of getting credit, delayed gratification has almost become a thing of the past for most people. We can easily buy anything we want right now, even if we don’t have the money to pay for it. We have become a culture of short-termism, where most of us rarely plan for the long-term anymore.
Wealthy people have a long-term vision. And that vision is compelling enough for them to forgo some of the short-term pleasures. For example, give $10,000 to someone with a poor mindset, and he can’t wait to spend it away. But give that same amount to someone with a rich mindset, and he’ll probably invest it and enjoy lots more in future.
3. Successful People Will Do Whatever It Takes
Most people want to be rich, and that’s why they always remain poor.
Everyone wants to be rich, but successful people are committed to becoming rich. And there’s a huge difference in merely wanting to be rich, and being fully committed. Most people would like to have more money, but they wouldn’t take the extra effort to network, to learn business skills, to invest, etc.
On the other hand, you’ll often hear successful people putting everything on the line (usually at the start of their careers). If they don’t make it, then they’ll have to starve. That’s the level of commitment they’re displaying.
4. Successful People Fail Fast, Fail Often… And They Learn From It
Successful people fail much more often than others mainly because they’re taking so much more action. The ability to fail fast and fail often is a very important skill for anyone wanting to become successful, because all successful people experience failures in some point of their lives.
If you truly desire to become successful, you need to have the resilience to bounce back from adversities. You’ll need to embrace failure rather than avoid them. But more importantly, you’ll need to learn from your mistakes.
“If you’re not making mistakes, then you’re not doing anything.
I’m positive that a doer makes mistakes”
– John Wooden
5. Successful People See Money for What It Can Do For Them
For them, money is just a means of achieving their larger goals. For example, your goal may be to launch the most successful product in your market, and money is just a means for you to do it. Money isn’t usually the top driving factor for these wealthy people. They often follow their passions, and the money automatically flows.
Take a look at the Forbes list of top 400 people. They don’t have to work. Their many future generations don’t have to work. And yet they are still working. They only reason they’re doing it is because they love what they do.
On the other hand, I’m sure you personally know many middle-income earners who do nothing but complain about their jobs. They complain that they don’t have enough money (even though they’re using the latest iPhone and carrying really expensive bags).
People usually think that money is the root of all evil. But that simply isn’t the case. Sure, there are some really rich people who do bad things. But open your eyes to the world and you’ll notice that there’re even more poor people committing crimes.
Money isn’t the root of all evil; the lack of money is the root of all evil. There is no amount of poverty you can endure that can make the world a better place. Only with money are you able to give your family a better life, to support those in need, and have the freedom to do the things you truly enjoy, so that you can be truly happy.
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