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A Self-Made Millionaire Who Studied 1,200 Wealthy People Found One Thought Pattern They All Tend To Avoid

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A Self-Made Millionaire Who Studied 1,200 Wealthy People Found One Thought Pattern They All Tend To Avoid

Rich people tend to think differently than the average person — they have an action mentality; they think about money logically, and they see money as a friend.

That’s what Steve Siebold, self-made millionaire and author of “How Rich People Think,” found after studying more than 1,200 of the world’s wealthiest people over the past 30 years.

He also noticed one thought pattern they tend to avoid: nostalgia. 

While average people tend to long for the good old days, rich people dream of the future and are optimistic about what is to come.

“People who believe their best days are behind them rarely get rich, and often struggle with unhappiness and depression,” Siebold writes in “How Rich People Think.”

“Self-made millionaires get rich because they’re willing to bet on themselves and project their dreams, goals, and ideas into an unknown future.”

This future-oriented mindset does not mean they completely neglect the past, Siebold emphasizes: “They appreciate and learn from the past while living in the present and dreaming of the future.” And they don’t just dream — they spend years tirelessly and patiently planning in order to realize their dreams.

Part of this ability to avoid nostalgia and look toward an unknown future comes from their comfort with uncertainty. They’re not only willing to step outside of their comfort zone — they expect to.

“The great ones know there’s a price to pay for getting rich, but if they have the mental toughness to endure temporary pain, they can reap the harvest of abundant wealth for the rest of their lives,” the self-made millionaire says.

Author: Kathleen Elkins
Kathleen covers personal finance for Business Insider, which she joined in February 2015. She initially wrote for the strategy and careers verticals.

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8 Comments - Write a Comment

  1. Brian Walsh Admin

    You should definitely avoid getting stuck in negative thought. I say focus on the solution not the problem. What do you guys think?

    4 out of 5
  2. Focusing on the solution creates a better frame of mind with less stress than when the negatives are upmost in ones mind. Negative thoughts are soul destroying.

    4 out of 5
  3. I am a young entreprenuer looking to find my own two feet. Would just like to continue you reading and looking for ways to grow and I love what I have gotten from just reading on this site

    Thank You

    5 out of 5

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