Having a wealthy mentality

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Tightwad thought this was very interesting. Steve Siebold, author of the book How Rich People Think, has interviewed more than 1,200 of the world’s wealthiest people. He says getting rich isn’t about education or IQ, but how you look and think about money. Some differences that he found regarding how wealthy people compared to how the middle class sees money include:  

- Middle class focuses on saving. The wealthy focus on earning. 

- Middle class believes hard work creates wealth. The wealthy believe leverage creates wealth.

- Middle class believes money is earned through labor. The wealthy believe money is earned through thought.

- Middle class worries about running out of money. The wealthy think about how to make more money.

- Middle class operates from a fear-based consciousness. The wealthy operate in a consciousness of abundance, freedom, opportunity and possibility.  

- Middle class believes getting rich is outside their control. The wealthy know getting rich is an inside job.

- Middle class sees money through the eyes of emotion. The wealthy see money through the eyes of logic.

- Middle class has a lottery mentality about money. The wealthy have an action mentality.

- Middle class sets their financial expectations low so they’re never disappointed. The wealthy set their financial expectations high and get excited.

Siebold predicts more self-made millionaires will emerge in the next five years than ever before.  He says those who can think creatively and find solutions that people are willing to pay for are going to be rewarded. 

What do you think?