skydeep: And how about those that were poor before they became rich. How do they think?

2mch:

These two points are a contradiction. Formal education and self education are almost the same thing. Where we draw the line is thinking outside of the box. life is not textbook.I think being rich is when opportunity meets preparation, hardwork and a dream. Besides the richest woman in the world inherited her money. She just used the already made connections by her fore fathers to build on the wealth. The real people that deserve the praise are those dead men who made something out of nothing.

millionairemind: What drives the rich to make more money is different from what drives the rich, the poor man sees making money as a struggle or calls it hustle as the case may be whilst the rich see it as fun and derive pleasure in doing what it takes...shikina

XtremeBase:

They thought the way of the rich, they examined the poverty around them and how people wallowed in it and how they always made excuses about being ok with it. They knew they wanted out and worked towards it.

Billyonaire: You can do business with other people's money without putting a dime of your own, credit facilities are a clear example. Do you know about Private Placement Programmes and High Yield bullet alternative Investments ? Knowledge makes the difference

miredia: Not applicable in all situations, u might want out, work extremely hard towards it and still not get out.The richest people aren't the hardest workers, or the savviest. There is no standard benchmark for being rich. It simply takes grace and favour. These two elements compliments all other subsequent factors like hardwork, education, time, chance, planning, Prudence and a tonne of others.

miredia: The rich can't afford the messages of gloom and doom from the middle class hence their disassociation. How spectacular!

bigx:

And accurate! No, I'm not rich (I dont have a private jet yet) but when I started distancing myself from complainers and "country hard" moaners, life started getting better. Experts at making excuses for everything usually remain poor.

schorlbone: Good article anyway, but IMO, I think no one is capable of making riches by his actions or inaction. I believe God gives riches to whoever he likes and vice versa...... Right?

Acidosis: Pls do you have ebook on this??

maclatunji: 11. 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."

12. 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."

13. 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.

14. 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."

15. 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."

16. 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."

17. 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."

18. 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."

19. 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."

20. 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."

21. 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."

From Steve Siebold, author of "How Rich People Think."

http://finance.yahoo.com/news/21-ways-rich-people-think-differently.html?page=2

miredia: Sir, the rich man in skokie Illinois has a different eating culture from the billionaire from hadieja jigawa. It's pretty straight forward isn't it?

schorlbone: Good article anyway, but IMO, I think no one is capable of making riches by his actions or inaction. I believe God gives riches to whoever he likes and vice versa...... Right?

God2man:

schorlbone: Good article anyway, but IMO, I think no one is capable of making riches by his actions or inaction. I believe God gives riches to whoever he likes and vice versa...... Right?

AjanleKoko: I think it's bullshyte.
Rich people don't think differently from ordinary people. They like to put a spin on things, like they are mavericks or something. Fat chance. They just have some advantage or opportunity that's not available to everyone else. Many times it is not of their own doing, just circumstance that puts them in a position to make money.

Rich people also don't believe in fairness and equity. Always willing to go the extra mile, even dishonestly. What you would normally find reprehensible, or morally impossible, rich people have no problem doing it.

Imagine that woman blaming the middle class for drinking and socializing. Who throws elaborate and expensive parties more than rich people?

e-mail:
At first when I read your post I thought you were a lady but seeing you are a man makes it more annoying. I understand your point and possible frustration. Most churches see it from your point of view no doubt.
My advice to you is to read the prosperity and riches aspect of the Bible more, love it, understand God wants you to prosper, understand what the Bible meant when God called you a son as well as a 'god' (Psalms 82:6), visualize yourself in great wealth still serving God and giving for His work to continue. I mean, you are not to small to give God and your local assembly N100,000,000,000.

bigx:

And accurate! No, I'm not rich (I dont have a private jet yet) but when I started distancing myself from complainers and "country hard" moaners, life started getting better. Experts at making excuses for everything usually remain poor.

omodapson: @poster, what do you mean by 'ordinary' ppl? I think that word is demeaning. Let me ask, are you rich? If not, it would be right for me to call you ordinary?
Abeg rephrase your topic. Thanks.

BlueDiva: Too much theories.
There are no rules/specific ways of thinking that guarantees you wealth.

vivacious vivi: I do agree with most of the points raised in this article. Points 2, 14, 15 and 17 especially. No single mega-rich person can possess all of the "qualities" listed here, but just having one or two can definitely give u the push to make it in life. D so called lower class need to shift their attitude a bit. At d end of the day, that's what all these traits are - attitudes and how u view life. I don't believe in luck. Like the writer said, find ur passion and let it make money for u.
That said, d so called richest woman shld sit somehwr jare, afterall all she did was inherit her late father's company. She keeps getting bad press anytime she opens her mouth!