How Rich People Think (Book Review)

How Rich People Think

When I first received this book, I thought it was going to be another “This is Bill, he lives next door and he is rich and here is his story” kind of book (which I eat up, I love that kind of stuff).  Boy, was I wrong… but in a surprisingly good way!

The book “How Rich People Think” by Steve Siebold,  contrasts the thoughts of the middle class and the “world-class” (rich) groups.  The author does this through many interviews with some of the richest people in the world.  Let me quote two chapter headings from the book:

Middle class minimizes the importance of money with their kids…  World class teaches their kids the importance of money

Middle class thinks about money in linear terms…  World class thinks about money non-linear terms

Each of the  two examples above has a page to a page and a half of material that expands on his thoughts.  Those thoughts were very original and refreshing!

What I really loved about this book though was it is a perfect “quick read while waiting” book.  So when you are in a dentist or doctors office this book is perfect for reading while waiting.  The books was also practical for getting your oil changed, traffic jams, or in a drive though line, etc.

The thoughts the author writes are perfectly digestible in small chucks.  I also enjoyed the famous quotes and the recommendations for other books to read for further information on each chapter.

So the question is, do I recommend this book?  Yes, it has digestible and interesting material.  Is it my utmost favorite book, no, but it is very good in its own right.

I guess I like the convenience of the style of the book.  I wish more books were like it, just to add a little change of pace every now and then.

Have you read this book?  and if so what was your take on it?

-MR

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Wealth Tip #8: Believe Your Way To Wealth

Believe Your Way To Wealth

I remember reading “The Millionaire Next Door”, and Stanley (the author) stated that the majority of those that are very rich “Believe”.

At the time, I wondered what exactly he meant and if it was one religion, and which one.

Well, after dwelling deeper into that “Believe” rabbit hole, I’ve since learned that Believing (meaning believing in a higher power) also means believing that you will become wealthy!

Those that believe that they are to be wealthy, prepare by using tools such as spreadsheets, accountants and other cognitive tools to help visualize the path to riches.

So as for “Belief” associated with one particular religion, it doesn’t really matter.   In fact, to conclude so would be a spurious relation at best.  The key is have passion and believe that you are predestined to be wealthy.

It does help to think that your god or higher power wants you to be rich and that it is one of your objectives assigned to you from your god (or higher power).

So an intense (quest like) focus on becoming wealthy help you accomplish this feat!  Plus, from what I read, others that are rich may help you along your way in the form of connection, encouragement, (lending) money and friendship in general.

This makes perfect sense if you think about the way we accomplish every other goal in life.  When we learn how to ___________ (ride a bike, swim, read, etc), it take focus and determination.  But how often do we wake up with that type same type of focus on how to make money daily?

Granted riding a bike takes a day or two at best, while becoming wealthy takes years or tens of years, so the focus period is much longer but still similar!

Okay, so we just believe that we will be wealthy and it will be so…  is it really that easy?

Yes and No, you need to believe that it’s that easy, but at the same time you’ll have to put in some effort to figure ways to make that money, save that money and invest that money.

Is it still possible to become wealthy without believing?

Of course, but you might get their quicker, be more wealthy, and have more fun all around if you focus on the activity of becoming wealthy…

What do you think?  Does it make sense that focusing and working on becoming wealthy will improve your odds of really becoming wealthy?

-MR

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