21 Ways Rich People Think Differently

http://finance.yahoo.com/news/21-way...ly.html?page=1


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


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


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


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


5. Average people long for the good old days. Rich people dream of the future.


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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

Its NOT okay to finance things that can be purchased w/ cash. May be a little used, works the same! ie; Used reliable vehicle vs. new 4WD truck.

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

vote on your favorite quote

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

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and as for my trucks, please forgive me.......... just a 4wd hayseed from the south.....h

OMG..

SOME ARE MY THOUGHTS .. MORE ARE NOT..

I'THINK I'M AN AVERAGE.....

FIGHTING FOR WEALTH..

After reading "Hedge Fund Market Wizards" the following quote hits the nail on its head:


The amounts of times those guys failed initially is stunning...and the one thing they have in common is to NEVER GIVE UP. Some of them were fired from trading jobs over and over and over again until it "clicked".

3. Average people have a lottery mentality. Rich people have an action mentality. this statement defines most of my family

some quotes are mine and the others awake me. I have to pay attention with this one: 17. Average people focus on saving. Rich people focus on earning.

"Average people work for a job they dislike,
... to buy the things they can't afford,
... to impress the people they don't like."

There is a lot of wisdom in those quotes but my favorite is missing:

Average people are paid for their time. Rich people are paid for their performance.

Nice ones CP & fido!

True

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

Nice thread PoundTrader. Thank you.

http://www.easyfreesmileys.com/smile...mileys-958.gif

by Will Smith

I like a combo of 6. and 11.:
"6.Rich people think about money logically....Rich people know they(the markets)'re driven by emotion and greed."
May be a nice way to collect charts and own trades.

I see this five as the 95 percent everybody keep talking about

Keep in mind though Forbes defined "rich" as having a cool million in "passive" income which means whether you work or not{assuming newbs are reading this}