1 Ways Rich People Think Differently Than Average People
03-25-2013, 07:14 AM
Quote:Quote:
1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.
Greed IS the root of a lot of evil hence why people act outside the realms of accepted morality in order to get what they want, this applies to rich and poor people and I do not think there is any evidence that 'average' people think any different. The ridiculously vague definition of rich and average make the list laughable anyway.
Quote:Quote:
2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.
There are selfish and altruistic people in all walks of life, being selfish is often a hindrance in business as while selfish people often get the best out of a deal they often get ignored and become pariahs as people cannot be arsed to do business with them. On the flip side plenty of studies have shown that ALL people are selfish and any appearance of altruistic attitude is really selfish in disguise. Either way selfishness in its most basic sense is not inexorably linked to wealth.
Quote:Quote:
3. Average people have a lottery mentality. Rich people have an action mentality.
Plenty of average people have an action mentality the requirements to move from the 10k minimum wage up to the average 30-40k (sterling) requires an action mentality, I have known plenty of small business people who never made money who were full if action.
Quote:Quote:
4. Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.
Again a pointless generalization, I believe that most average people know that education is a route to specific jobs and the pay scale these jobs offer.
Quote:Quote:
5. Average people long for the good old days. Rich people dream of the future.
Nostalgia is not the preserve of the 'average' I would bet that all kinds of people dream of the future, the only caveat is that the successful have more of an idea of how their future dreams may come trues.
Quote:Quote:
6. Average people see money through the eyes of emotion. Rich people think about money logically.
I have watched millionaires rant and rave over a £4.00 overcharge on a bill and waste hours to save a few pounds for the fun of it. If they were purely logical then why bother.
Quote:Quote:
7. Average people earn money doing things they don't love. Rich people follow their passion.
Shit paying jobs that people do for love include , DJ ing , working with animals, being a bouncer, being a copper, being a musician etc etc etc.
I would argue that doing the things that no one else ants to do creates an opportunity to get higher pay relative to the skills required.
Quote:Quote:
8. Average people set low expectations so they're never disappointed. Rich people are up for the challenge.
It is obvious that having high expectations makes you more likely to succeed than those with low expectations.
Quote:Quote:
9. Average people believe you have to DO something to get rich. Rich people believe you have to BE something to get rich.
For the most part you DO have to do something to get rich just being awesome rarely earns you money. You cannot walk into a bank and say I am awesome give me a million dollars, well you could but I doubt they would give you any cash unless you had a gun.
Quote:Quote:
10. Average people believe you need money to make money. Rich people use other people's money.
I agree my Dad used to say OPM when I asked him how he was going to pay for a project and it is key to many self made millionaires only use your own cash when it is beneficial to do so. Eg skipping out an importer and buying direct for China as often the Chinese do not give credit.
Quote:Quote:
11. Average people believe the markets are driven by logic and strategy. Rich people know they're driven by emotion and greed.
Fundamentals always catch up in the end
Quote:Quote:
. Average people live beyond their means. Rich people live below theirs.
can be true at times but by no means an absolute.
Quote:Quote:
13. Average people teach their children how to survive. Rich people teach their kids to get rich.
Some truth to this.
Quote:Quote:
14. Average people let money stress them out. Rich people find peace of mind in wealth.
"[The middle class] sees money as a never-ending necessary evil that must be endured as part of life.
Bollocks in every way, the middle class love money more than any other socio economic group, the are the ones who get SUV's on finance to impress the neighbors with how rich they are.
Quote:Quote:
15. Average people would rather be entertained than educated. Rich people would rather be educated than entertained.
Most people would rather be entertained than educated including plenty of rich people, intelligent people prefer to study the real world rather than a made up one and intelligent people are more likely to be wealthy but that is hardly ground breaking.
Quote:Quote:
[/16. Average people think rich people are snobs. Rich people just want to surround themselves with like-minded people.
Many people are jealous of those who have more than them and attribute negative character traits to more successful people, that is human nature. It is actually one of the best personality traits of Americans that they show more respect and less jealously for the successful. Some rich people are snobs though, I plenty of people who have no respect for those without money
Quote:Quote:
17. Average people focus on saving. Rich people focus on earning.
So average people live beyond their means and also scrimp and save ?
The richest people I know are bargain hunters , clearly not with coupons but flying Easyjet etc. I know one millionaire who has his own plane, I know another who flys Easjet. Make of that what you will.
Quote:Quote:
18. Average people play it safe with money. Rich people know when to take risks.
Risk taking is necessary but that is well known, what people forget is that plenty of risk takesr fail and never get above average. the difference is the analysis of the risk and contingency if the gamble fails. Wealthy people often just analyze the risk better and somtimes are just plain lucky.
Quote:Quote:
20. Average people never make the connection between money and health. Rich people know money can save your life.
This is too stupid for words, go ask an African about the link between money and health. On the flip side gluttony has been killing the rich since the dark ages.
Quote:Quote:
21. Average people believe they must choose between a great family and being rich. Rich people know you can have it all.
Average people, who ever they are, do not believe that, its a rationalization they make to avoid feeling bad about their status in life.