In this week’s Success Newsletter, I would like to share the findings of a man who spent 26 years studying the rich, and revealing 11 ways that rich people think differently – success principles that can be applied in every area of life.
First a quick update:
“Understand your partner and family”
Do you struggle to understand why your partner prefers a quiet night at home while you prefer to be out and around people? Do you get annoyed when your partner makes jokes out of things that to you are very serious? The answer lies in personality types. Our temperaments determine many of our responses to life. Take the personality test now and begin to better understand yourself and those around you as well as master the ability to motivate them.
“The biggest mistake women make”
In the “Get Motivated” series on syndicated TV show “The Daily Buzz,” I reveal that women are wasting their time and energy falling in love with the potential of a man and then trying to get him to change.
Now, let’s talk about the findings of a man who spent 26 years studying the rich, and revealing 11 ways that rich people think differently – success principles that can be applied in every area of life.
“If you’re jealous of those with more money, don’t just sit there and complain; do something to make more money yourself — spend less time drinking, or smoking and socializing, and more time working…”
“…Become one of those people who work hard, invest and build, and at the same time create employment and opportunities for others. Australia needs such people.” – Australian mining tycoon Gina Rinehart – the world’s wealthiest woman with a net worth of $26.8 billion.
Gina Rinehart’s comments above created a storm and were even condemned by the Australian Government as “insulting.” But her words also reflect a truth amongst many: “the self-made rich are a really hated group. They’re discriminated against, even in the [US] wealthiest country of the world.” – Steve Siebold.
Steve Siebold spent 26 years studying rich people and wrote a book “How Rich People Think” which contains a hundred ways that the thinking of the “middle class” differs from the “world class.” He argues that the mental approach of most Americans, the middle class (non-world class) category, is fundamentally different than that of the world class category.
“They all have a really positive relationship with money. They think about money in terms of freedom, as opposed to the negative relationship a lot of people have with money.”
And echoing the words of Gina Rinehart, Steve Siebold believes that the masses are lazy people who only want to sit around and watch football games.
“They don’t believe that action will lead to the result they want. Their belief is the cause, and the lazy behavior is the effect. You have to change the root of the problem, which is the belief – the cause – and not the effect. People mix this up.”
And although, it seems so blatantly obvious, we all often forget this simple truth:
“If I keep thinking the same thought, I’ll always get the same result, unless I improve it and think differently.”
Of course, this principle applies to every area of life not just money and wealth.
“Having money and making money and being wealthy is a positive thing — there’s nothing negative about it…ignore all of these messages and this brainwashing that goes on, like people telling them the love of money is the root of all evil. I think the challenge for the average person is to have a positive outlook on being wealthy.”
Here are 11 lessons (chapter headings and quotes) from Steve Siebold’s book “How Rich People Think”:
- Middle class focuses on saving; world class focuses on earning.
- The middle class sees money through the eyes of emotion. The world class sees money through the eyes of logic. “Most people never accumulate much money due to a series of self-limiting beliefs … fueled by negative emotion.”
- The middle class plays it safe. The world class takes calculated risks. “One group stays awake worrying about losing what they have, while the other can’t sleep because they’re dreaming of what’s possible.”
- Middle class is waiting to be rescued from mediocrity. World class knows no one is coming to the rescue.
- The middle class believes building wealth is a solitary effort. The world class believes it’s a team effort. “The average person … (is) paid for the result of their individual effort … The rich see themselves as team leaders.”
- Middle class believes money is earned through labor. World class believes money is earned through thought.
- The middle class believes ambition is a sin. The world class believes ambition is a virtue. “Remove the profit motive from the equation, and you take away the incentive for world-class thinkers to direct their mental energy towards (solving) major challenges in society … the average person knows this, but labeling the rich as sinners … absolves them from having to make the effort to become wealthy.”
- The middle class believes they must choose between a great family life or being rich. The world class knows you can have it all. “Figure out how to be more efficient with your time, so you have plenty to spend.”
- The middle class sets their financial expectations low so they’re never disappointed. The world class sets their financial expectations high so they’re always excited. “No one would ever strike it rich and live their dreams without huge expectations. Ancient wisdom says you get what you expect.”
- Middle class believes hard work creates wealth. World class believes leverage creates wealth.
- Middle class believes rich are crooks. World class believes rich are ambitious.
With 100 chapters, each one a principle and mindset, possibly the four greatest lessons in success from this book and which can be applied to every area of your life are key principles I teach:
- Change your thoughts, change your mindset
- Beware of mediocrity and accepting what is; seek your passion and dream with passion
- Set really high goals. Steve says of the highly successful people – “they’re confident in themselves. At some point, they stopped listening to anyone but themselves. They learned to trust themselves so much because of their success.”
- Stop focusing on the past and instead dream of the future. “Self-made millionaires get rich because they’re willing to bet on themselves and project their dreams, goals and ideas into an unknown future. People who believe their best days are behind them rarely get rich, and often struggle with unhappiness and depression.”
Change your thoughts and results now. Use my hypnosis audio – “Be Happy, Rich and Wealthy”
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I wish you the best and remind you “Believe in yourself -You deserve the best!”
Patrick Wanis Ph.D.
Celebrity Life Coach, Human Behavior & Relationship Expert & SRTT Therapist
Anointed “The Woman Expert” by WGN Chicago, Patrick Wanis PhD is a renowned Celebrity Life Coach, Human Behavior & Relationship Expert who developed SRTT therapy (Subconscious Rapid Transformation Technique) and is teaching it to other practitioners. Wanis’ clientele ranges from celebrities and CEOs to housewives and teenagers. CNN, BBC, FOX News, MSNBC & major news outlets worldwide consult Wanis for his expert insights and analysis on sexuality, human behavior and women’s issues. Wanis is the first person ever to do hypnotherapy on national TV – on the Montel Williams show.