21 Ways Rich People Think Differently Than Average People

4.22 out of 5
(104 customer reviews)
21 Ways Rich People Think Differently Than Average People

World’s richest woman Gina Rinehart is enduring a media firestorm over an article in which she takes the “jealous” middle class to task for “drinking, or smoking and socializing” rather than working to earn their own fortune.

What if she has a point? Steve Siebold, author of “How Rich People Think,” spent nearly three decades interviewing millionaires around the world to find out what separates them from everyone else. It had little to do with money itself, he told Business Insider. It was about their mentality. “[The middle class] tells people to be happy with what they have,” he said. “And on the whole, most people are steeped in fear when it comes to money.”

Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.

“The average person has been brainwashed to believe rich people are lucky or dishonest,” Siebold writes. That’s why there’s a certain shame that comes along with “getting rich” in lower-income communities. “The world class knows that while having money doesn’t guarantee happiness, it does make your life easier and more enjoyable.”

Average people think selfishness is a vice. Rich people think selfishness is a virtue.

“The rich go out there and try to make themselves happy. They don’t try to pretend to save the world,” Siebold told Business Insider. The problem is that middle class people see that as a negative––and it’s keeping them poor, he writes. “If you’re not taking care of you, you’re not in a position to help anyone else. You can’t give what you don’t have.”

Average people have a lottery mentality. Rich people have an action mentality.

“While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems,” Siebold writes. “The hero [middle class people] are waiting for may be God, government, their boss or their spouse. It’s the average person’s level of thinking that breeds this approach to life and living while the clock keeps ticking away.”

Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.

“Many world-class performers have little formal education, and have amassed their wealth through the acquisition and subsequent sale of specific knowledge,” he writes. “Meanwhile, the masses are convinced that master’s degrees and doctorates are the way to wealth, mostly because they are trapped in the linear line of thought that holds them back from higher levels of consciousness…The wealthy aren’t interested in the means, only the end.”

Average people long for the good old days. Rich people 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,” Siebold writes. “People who believe their best days are behind them rarely get rich, and often struggle with unhappiness and depression.”

Average people see money through the eyes of emotion. Rich people think about money logically.

“An ordinarily smart, well-educated and otherwise successful person can be instantly transformed into a fear-based, scarcity driven thinker whose greatest financial aspiration is to retire comfortably,” he writes. “The world class sees money for what it is and what it’s not, through the eyes of logic. The great ones know money is a critical tool that presents options and opportunities.”

Average people earn money doing things they don’t love. Rich people follow their passion.

“To the average person, it looks like the rich are working all the time,” Siebold says. “But one of the smartest strategies of the world class is doing what they love and finding a way to get paid for it.”On the other hand, middle class take jobs they don’t enjoy “because they need the money and they’ve been trained in school and conditioned by society to live in a linear thinking world that equates earning money with physical or mental effort.”

Average people set low expectations so they’re never disappointed. Rich people are up for the challenge.

“Psychologists and other mental health experts often advise people to set low expectations for their life to ensure they are not disappointed,” Siebold writes. “No one would ever strike it rich and live their dreams without huge expectations.”

Average people believe you have to DO something to get rich. Rich people believe you have to BE something to get rich.

“That’s why people like Donald Trump go from millionaire to nine billion dollars in debt and come back richer than ever,” he writes. “While the masses are fixated on the doing and the immediate results of their actions, the great ones are learning and growing from every experience, whether it’s a success or a failure, knowing their true reward is becoming a human success machine that eventually produces outstanding results.”

Average people believe you need money to make money. Rich people use other people’s money.

Linear thought might tell people to make money in order to earn more, but Siebold says the rich aren’t afraid to fund their future from other people’s pockets.

“Rich people know not being solvent enough to personally afford something is not relevant. The real question is, ‘Is this worth buying, investing in, or pursuing?’” he writes.

Average people believe the markets are driven by logic and strategy. Rich people know they’re driven by emotion and greed.

Investing successfully in the stock market isn’t just about a fancy math formula. “The rich know that the primary emotions that drive financial markets are fear and greed, and they factor this into all trades and trends they observe,” Siebold writes. “This knowledge of human nature and its overlapping impact on trading give them strategic advantage in building greater wealth through leverage.”

Average people live beyond their means. Rich people live below theirs.

“Here’s how to live below your means and tap into the secret wealthy people have used for centuries: Get rich so you can afford to,” he writes. “The rich live below their means, not because they’re so savvy, but because they make so much money that they can afford to live like royalty while still having a king’s ransom socked away for the future.”

Average people teach their children how to survive. Rich people teach their kids to get rich.

Rich parents teach their kids from an early age about the world of “haves” and “have-nots,” Siebold says. Even he admits many people have argued that he’s supporting the idea of elitism. He disagrees. “[People] say parents are teaching their kids to look down on the masses because they’re poor. This isn’t true,” he writes. “What they’re teaching their kids is to see the world through the eyes of objective reality––the way society really is.” If children understand wealth early on, they’ll be more likely to strive for it later in life.

Average people let money stress them out. Rich people find peace of mind in wealth.

The reason wealthy people earn more wealth is that they’re not afraid to admit that money can solve most problems, Siebold says. “[The middle class] sees money as a never-ending necessary evil that must be endured as part of life. The world class sees money as the great liberator, and with enough of it, they are able to purchase financial peace of mind.”

Average people would rather be entertained than educated. Rich people would rather be educated than entertained.

While the rich don’t put much stock in furthering wealth through formal education, they appreciate the power of learning long after college is over, Siebold says. “Walk into a wealthy person’s home and one of the first things you’ll see is an extensive library of books they’ve used to educate themselves on how to become more successful,” he writes. “The middle class reads novels, tabloids and entertainment magazines.”

Average people think rich people are snobs. Rich people just want to surround themselves with like-minded people.

The negative money mentality poisoning the middle class is what keeps the rich hanging out with the rich, he says. “[Rich people] can’t afford the messages of doom and gloom,” he writes. “This is often misinterpreted by the masses as snobbery. Labeling the world class as snobs is another way the middle class finds to feel better bout themselves and their chosen path of mediocrity.”

Average people focus on saving. Rich people focus on earning.

Siebold theorizes that the wealthy focus on what they’ll gain by taking risks, rather than how to save what they have. “The masses are so focused on clipping coupons and living frugally they miss major opportunities,” he writes. “Even in the midst of a cash flow crisis, the rich reject the nickle and dime thinking of the masses. They are the masters of focusing their mental energy where it belongs: on the big money.”

Average people play it safe with money. Rich people know when to take risks.

“Leverage is the watchword of the rich,” Siebold writes. “Every investor loses money on occasion, but the world class knows no matter what happens, they will aways be able to earn more.”

Average people love to be comfortable. Rich people find comfort in uncertainty.

For the most part, it takes guts to take the risks necessary to make it as a millionaire––a challenge most middle class thinkers aren’t comfortable living with. “Physical, psychological, and emotional comfort is the primary goal of the middle class mindset,” Siebold writes. World class thinkers learn early on that becoming a millionaire isn’t easy and the need for comfort can be devastating. They learn to be comfortable while operating in a state of ongoing uncertainty.”

Average people never make the connection between money and health. Rich people know money can save your life.

While the middle class squabbles over the virtues of Obamacare and their company’s health plan, the super wealthy are enrolled in a super elite “boutique medical care” association, Siebold says. “They pay a substantial yearly membership fee that guarantees them 24-hour access to a private physician who only serves a small group of members,” he writes. “Some wealthy neighborhoods have implemented this strategy and even require the physician to live in the neighborhood.”

Average people believe they must choose between a great family and being rich. Rich people know you can have it all.

The idea the wealth must come at the expense of family time is nothing but a “cop-out”, Siebold says. “The masses have been brainwashed to believe it’s an either/or equation,” he writes. “The rich know you can have anything you want if you approach the challenge with a mindset rooted in love and abundance.”

AUTHOR: Mandi Woodruff
 
Mandi edited the personal finance vertical for Business Insider until October 2013. Before joining BI, she covered breaking legal news for Law360.com, was a research editor at Reader’s Digest, and reported on education in her home state of Georgia.
Her work has appeared in Yahoo! Finance, Daily Finance, The Wall Street Journal, The Fiscal Times, The Christian Science Monitor and the Financial Times, among others. 
 
This article was sourced from www.businessinsider.com

 

Share This Post

Join The Discussion

180 Comments - Write a Comment

  1. This is so true. I especially agree with the fact that “average teach their kids to survive, while the rich teach their kids to be rich”.

    Reply
    1. I don’t see how this statement makes the rich better, how can you teach someone how to be rich if you aren’t rich? Its like instructing someone to be a better driver while you can’t even move a car.

      Reply
  2. I’m inspired to think, act and grow towards wealth , freedom and meaning in my life. thank you!

    Regards
    Andrew Sipho Ntsanwisi

    Reply
  3. siyabonga Ntombela · Edit

    Thanks Guys, People like you dont deserve to die so that they can just keep educating people until Jesus comes back!!!

    Reply
  4. “BRILLIANT” article…. Every piece makes sense
    and one has to agree that is how we have been taught…
    Thank The Lord Above for making me brave enough
    to step out of the shadow & into the limelight.

    Keep these great articles coming.
    Regards
    Donovan. N

    Reply
  5. this is all well and good if you accept society as it is…do you really accept the fact that a football player should earn more than a teacher?

    Reply
  6. So motivating articles and if one can apply the knowledge into practical life there will be a change, thanks we need these articles

    Reply
  7. This information is excellent and so true. How do I know, I lived it. How I just wish I knew this growing up. The great thing is, we can change moving forward.

    Thanks for the great material.

    Reply
  8. Wow a very brilliant and true reflection of life’s intrigues! Surely would make one “throw away the box,” leave alone think outside the box. Learning of a lifetime.

    Reply
  9. Some of this is well true, some of it not so true and misleading but, May the wise see the truth. coz half truths are kinda really destructive.

    Reply
  10. Kimathi Kamundeh · Edit

    This is a Super Article:-

    Wealth is HIDDEN from those who think they Must do everything by themselves.
    Wealth is EXPOSED to those that Create Systems and Networks to Leverage their Efforts, Time and Money. The Wealthy People Get Wealthy cos they know how to LEVERAGE on:-
    OPT – Other Peoples Time
    OPE – Other Peoples Efforts
    OPM – Other Peoples Money

    Register on my Site to See how You can Achieve OPT, OPE, OPM and become Wealth by Leveraging Social Media Like Facebook and Tweeter.
    http://www.SocialBizConnect.com/invite/LLOYDKIM

    Reply
  11. that is so true and I believe we should train our kids for enteprenuship while young so we can have better africa in decates to come

    Reply
  12. In simple words its about (intelligence+observation+curiosity)Concentration+ hard work+ endurance.

    The above is basic, next comes how fast u do it.
    U can get rich by murdering someone, looting, sex etc. or by the hard way, that is without any shortcuts or the hardest of them all, without greed.

    The ones who don’t take shortcuts will be happy internally n externally. The ones who get it by luck , shortcuts or greed will only be happy externally.

    P.S

    If u look for happiness u will also find sadness. So actually u have everything, only thing u have to do is to stop looking.

    Reply
  13. tru tru i agree wth most of yo points.am not yet a millionnaire but wana strees wat i experienced personaly.i was once employed and ma mind was full of saving ma earnings whic was ok wth me at dat time…i learnt somethng i ve ma brother who z a bsnsman,he wd phone me,drive to ma place to borrow money to increase his stock orders.by then i was not into bsns i thought bsns was a big mountain to climb since am borrown ma brother 2finance his bsns.but de point z de man was actually expandn his bsns.it happend dat i left de formal sector and started ma own bsns and i no longa beliv in saving infact am motived by earning.i no long think abt good old dayz am arming maself in2 de future…thanks

    Reply
  14. brilliant and informative article. A complete eye opener and just what i needed. love the stock broker part….”Emotion and Greed”

    Reply
  15. Yutsithri Jingba · Edit

    Thank u for sharing logical secrets of rich people. This will absolutely inspire and perspire all the readers. God Bless.

    Reply
  16. I really wana be rich,already some people accuse me of trying to be better than everybody else since i started to follow rich people’s habits

    Reply
  17. I don’t agree. In all cases, the middle class are inferior which makes the whole article biased. Point of correction, average people don’t think that money is the root of all evil, they know that THE LOVE OF money is the root of all eviĺ. Well, the author is just human, i would rather stick to the word of God.

    Reply
    4 out of 5
  18. “Average people live beyond their means” hence u find so many middle class people at place they know exactly that they can’t afford to be at and they busy taking pictures to make their fellow middle class peers jealous. Brilliantly researched article!

    Reply
    5 out of 5
  19. Read this today, not everyone will get rich, or poor, he who controls must set the balance, just like setting the balance with every thing else… Thats nature (even animals are rich or poor)

    Reply
    3 out of 5
  20. To say Average people think MONEY is the root of all evil is incorrect. The bible says that the LOVE of Money, not money is the root of all evil. Research well before posting.

    Reply
    1 out of 5
  21. Similarwith robet kiyosaki’s book of rich dad poot dad.. “poor dad teach his kid to go to school, study hard, get good grades so he can find good company to work to (applies up to now).. on the other hand, rich dad teached his kid to study hard, finish schools to build his own company in the future” 🙂

    Reply
    5 out of 5
  22. anonymousfilmmaker · Edit

    some years ago when i was still working as a corporate slave (hr to be specific). i was shown the company pipeline — what i should be in x number of years. people told me to invest in the company cooperative so i can have a million bucks when i retire. my superiors told me to be prim and proper and to be assertive. on top of it all, i was offered a university scholarship up to phd.

    i did not like my pipeline. i’ve always known i am a creator of sorts so i made connections with other departments including the company ceo. my bosses didn’t like it. i did not invest in the company cooperative, instead, i went zero balance on my laptop, photography gear, and various workshops on business, filmmaking. i was not prim and proper. i told my line manager that she is slaving our colleagues (because the rest can’t). i am not assertive. i am aggressive. i dropped the white paper after 5 years when my line manager stole my work because i know my worth, i can do great things, and she’s getting in the way.

    now, i regret not having quitted earlier. the money they say that i will be earning when i retire when i join the company coop is just my annual salary in two years and i am only 28 years old — all because of one risk i did. i deleted all my former colleagues in corporate slavery world (except those who are truly trusted friends) because i can’t stand the sight of their mediocre updates. my managers never had the guts to message me because they know i can buy them anytime. LOL.

    i did not go to graduate school (yet). my mindset is i want to have more experience before entering grad school and if i will enter grad school, my goal is to teach and pass on knowledge, not just theoretical, but experiential knowledge. that’ll be in my bucket list when i hit 35.

    Reply
    5 out of 5
  23. Yes it’s true but, in the eyes of God, it does not matter. People, let’s look beyond these worldly things. Stop glorifying the rich. The article was presented as if the rich is really above the average when we know that it is not. What really matters is what’s next after this life. What if they’re richer? Let’s not compare. It is not good to compare. You’ll never be happy if you always do. I’m not saying that we should be living in poverty. I’m just saying that it’s not about the money money money. Kaching kaching!

    Reply
    1 out of 5
  24. ‘Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.’
    – the former is Biblical.

    What seems to be untold is how many decade/s an Author interviews the middle class.

    Reply
    3 out of 5
  25. LILIANA BETANCURT · Edit

    Truly an excellent article, this is the kind of things people should write and no texting all the time instead.

    Reply
    5 out of 5
  26. The author of the book on which this article was based has obviously never been poor or even average.
    Average people often end up doing jobs they don’t love because a lot of the times, these are all that’s available to us. We don’t have the luxury of waiting for months for a job we could be passionate about because we need
    to eat. And when life is constantly showering you with disappointments, being safe and having some form
    of security can only be a welcome change. Rich people use other people’s money to make money? yeah good luck having someone give you a shitload of money to invest when you’re middle class. And Rich people live below their means? uh, below their means probably means having to fly first class commercial rather than using their own jets. Sucks to be them.

    ugh, this article is so infuriating.

    Reply
    2 out of 5
  27. everything is a state of mind… in the spiritual world, it matters on how you see your God… if He is Powerful, Gracious, Rich, Abundant, Healthy, Positive and Answers your needs… Surely, what you declare will be claimed in the right and best time.

    Reply
    5 out of 5
  28. Do not educate your children to be rich, educate them to be happy,so when they grow up they’ll know the value of things not the price

    Reply
    4 out of 5
  29. It really matter of what is your state of mind. Not all people will be of the same level. Think big, work hard, focus, take risk and get rich. Article very well said.

    Reply
    4 out of 5
  30. Solomon Chitimira · Edit

    This article was an eye opener for me. I will certainly change my mindset and learn to be selfish as well as the art of using other people’s money to make money!

    Reply
    5 out of 5
  31. This article is very inspiring. I believe the article does not mean to put down the average, it actually is making a revelation for them, doing them a favor. I am not a rich person yet, im still earning average but why is it that I am not offended with the article? Because I have the confidence that I’ll get rich someday because I have a rich mindset and I have a God who can provide for me according to His riches. Poverty is not an issue of what you have, it’s an issue of the mindset. Dreaming to be rich is not a bad thing, as long as you are not inspired by greed. You can do a lot if you are rich, one of that is to help people and help your ministry and church. If God does not want you to get rich, then why is He blessing rich people getting wealthy? God prosper people who are good stewards.

    Reply
    5 out of 5
  32. ROSITA DELAGRACIA PELVERA · Edit

    apportunity is success to our business and job.rich in your hand and wise thingking to spend a little money earn must have to do improve more if can do…dont give up follow your dream come true.present time according my self how to growup if im alone needs lot of power people to survive and help to each other to succes be positive thinking and goal peace of mind

    Reply
    1 out of 5
  33. richard go salazar · Edit

    average people limit themselves, rich people aim for the unique and impossible, and when they finally reach their goal they stop for awhile to have time to think for a greater plan.what they impossibly achieved serves as an inspiration to achieve more and excel beyond average people expectations.

    Reply
    5 out of 5
  34. I can’t put my finger on it but this article has to be either a parody or a mockery of the working class. I can’t tell if the writer doesn’t know rich people or doesn’t know average people or doesn’t know anybody, but there is so much wrong I don’t even know where to start. The part about average people being stressed out by money while rich people find peace in it was particularly, pardon the pun, rich. Yeah, struggling to make ends meet is stressful and having enough money (ie: being rich) is considerably more peaceful than being stressed. Like the writer sees these things but lacks the intuition, life experience, and/or observational skills to understand them. Oh, and the one where Paris Hilton and (I think) one of the Kardashians are used as an example of the rich who seek out “like-minded” people? Trés drôle – are those supposed to be the rich people we peons supposedly perceive as working all the time and preferring to be educated than entertained?

    Reply
    1 out of 5
  35. This is so WRONG! This article compares rich and average people and it is in general. How can you be so sure that all average do those things and all rich do those? Remember every individual has its own way of thinking. Also, this article shows that rich are superior than average? Oh come on! Bullshit! We should always look where this rich/average guy came from. Is he from riches to average, from average to riches, average to average or from riches to riches? And how they reached that position? Are they doing illegal, did he experienced life changing event or they are just too dumb and lazy etc… Also, contentment is a big factor here. Remember we live our own life, we know what makes us happy and what can satisfy us. I know some rich people who chose to live a simple life like what average have. In the end, we all die, so don’t waste all your time doing stuff to earn money. I suggest move your butt on your office chair, meet new people, explore beauty of earth and life, give a helping hand for those who are in need and do every thing nice that can make you feel good. WE DON’T BREATHE FREE AIR JUST TO EARN MONEY. THINK, USE YOUR BRAIN, WHY WE ARE ALL HERE?

    Reply
    5 out of 5
  36. This is absolutely correct….

    I can vouch as i come from typical middle class family … Where all the average things are taught and have been into jobbie shoes aswell….

    My inner instincts took me out of security of job ( myth in itself sold to everyone )… One of the entrepreneur whom i was working with told once ” till the time you are working for someone you are a servant” …. I resigned soon and took the plunge without any so called planning n analysis or research…. As i understood corporate slavery isnt gonna take me places…

    Just go out their and just do it…

    Reply
    5 out of 5
  37. This one here is an amazing article. It can help you go a full circle from the rags to the riches. Just don’t forget to take action though.

    Reply
    5 out of 5
  38. we can only do so much…but there will always be poor as there will be rich…it’s not that everybody will become rich….what makes them rich is the existence of poor people…

    Reply
    5 out of 5
  39. Who doesn’t want to be rich…. but not all of us are born rich ryt? Like me,I’m not rich eithEr..I must say, there’s no difference between rich and being not rich is dat , … poor people like me needs the help of rich people , and rich people also needs help from the poor sumtimes 🙂

    Reply
    5 out of 5
  40. To be rich you have to start somewhere. What some people don’t tell the younger generation is about the journey and that success is a journey not a destination. This is why we have some young people thinking they will get rich quicker, some end up resorting to illegal ways to get there.

    Reply
    3 out of 5
  41. True…All facts are Amazing n Motivational,we would definitely find fortune in what we believe in doing,hardly matters it’s beyond our expectations!!!

    Reply
    5 out of 5
  42. Love it! But I must say that its easy falling in the trap of wanting to compare one self with the average.then miss the work one needs to do to not be the average perso…

    Reply
    4 out of 5
  43. Tshiwela Matshivha · Edit

    I have been saying thi, you can’t become a millionaire working a 9-5job.the thought of earning less than 500k a year makes me want to work harder.

    Reply
    5 out of 5
  44. average person will always read the above quotes and try to implement thinking dts a strategy to earn money… A Rich person will always fill his hunger of earning money and a new quote will be formed dt wud again distinguish the both.

    Reply
    4 out of 5
  45. I didnt like the part about selfishness because then … It became like a cannibal game! Kill or be killed game and as a christian i dont agree with it. But its a nice article because is nice to be practical and teach out kids to make money not just barely survive.

    Reply
    4 out of 5

Charity starts at home

Find out more about transactional giving with Buy1Give1

No Thanks Tell me more

B1G1_BM_logo_large

×

Please fill in form:

Please complete the form below and a representative from The REAL Success Network will contact you to discuss your placement. Should you require immediate assistance please call us on +27 (0) 861 000 539 or email us: win@entrepreneur.co.za

×