According to Forbes, the 400 richest Americans have more wealth than the 150 million poorest Americans. But what about the people? Middle class? You may be considered a middle class. You are not poor, but not rich ... so far. According to data released over the past few decades, it seems that the middle class shrinks. This means you are less likely to be in the middle class. You will be rather rich or poor. Which side do you want to be?
If you want to be on the rich side, you have to start thinking the same way as rich people.
Here are 10 differences between the middle class and rich people from whom you can learn…..
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1. The middle class lives comfortably, the rich take Risks.
Be willing to take risks. Be willing to stand out of comfort. It may seem tough, but it's just a small prize for the life of your dreams. - Peter McWilliams
It is more convenient to do "safe" work. It is more comfortable to work for someone else. The middle class believes being delightful methods being glad. But the rich have realized that extraordinary things happen only if we are exposed to uncomfortable situations. Running your own business can be inconvenient, but little risk is needed to create wealth and achieve excellent results.
Get out of your comfort zone and check out all your options. If you want to be rich, you have to take a little risk. Maybe you even fail, but that's great, because if you do not, you do not do too much.
When investing, comfortable things are rarely profitable. - Robert Arnott
2. The middle-class lives above its conditions, the rich are living under them.
Wealth is for a wise servant, for a stupid master. - Seneca
You will not get millions in your car for 20 million or in an expensive house. The rich do not spend money on their liabilities, they spend money on assets, and they live under their circumstances. According to a study from The Millionaire Next Door, wealthy people drive a few years old cars and do not buy new ones. Even though they can "afford" a new luxury Escalade, they usually do not buy it.
Remember, if you earn 10 million crowns per year and 10 million you spend, you're still free of money.
3. The middle class climbs on the corporate rankings, the rich own it.
The richest people in the world are looking for and building business networks; everyone else is looking for a job. - Robert Kiyosaki
Middle-class people mostly work for someone else. They have a job and a career, but middle-class people tend to be tradesmen - their own work. Rich own business. The company's own ranking on which the middle class works tirelessly. The rich understand that if more people work for them, they will also earn more money. He understands passive income.
4. Mid-class people are friends with all their wealthy friends choosing discreetly.
Better to hang on with people better than you. Choose colleagues whose behavior is better than yours and you will be abducted in their direction. - Warren Buffett
The rich understand that if you are surrounded by successful, your success will follow. A similar effect is expected when you are surrounded by unsuccessful people. Your income is usually the average of your three closest friends. If you want to earn more, be in the presence of people who make more money. It's all about aligning your ideas with the ideas of success. In case you should be rich, you have to think rich.
5. The middle class works to make money. The rich work to learn.
When you are youthful, work to learn, not to procure. - Robert Kiyosaki
People in the middle class can easily be persuaded to change jobs if someone offers them more money.
The rich understand that work is not about money, especially in the early years. It's about developing the skills and qualities you need to get rich. It means working as a salesman to better understand the world of sales. Or it might mean working in a bank to better understand accounting. If you want to be rich, you should work to learn the skills needed to get rich. Most rich did not get rich by getting a high salary.
The rich understand that work is not about money, especially in the early years. It's about developing the skills and qualities you need to get rich. It means working as a salesman to better understand the world of sales. Or it might mean working in a bank to better understand accounting. If you want to be rich, you should work to learn the skills needed to get rich. Most rich did not get rich by getting a high salary.
6. The middle class has things, the rich have money.
Very many people spend the money they did not make, buy things they do not want to impress people they do not like. - Will Rogers
Back to luxury cars and big houses. These are places where most middle class people spend money. Drive through mid-class districts and you will usually see brand new cars, expensive lands and expensive homes. The rich see that in order to become rich, they need money more than things. If you just buy things, your money will continue with them. It's funny that it works. For example, Warren Buffet still lives in the same house he bought in 1958. He then paid about three quarters of a million crowns for him.
Stop buying things and start concentrating on keeping, saving and investing the money you earn. If you are a shopaholic, start buying assets. Take an interest in investing, then look at stock and business deals instead of shoes and electronics. As has been said, it's not all about saving money.
7. The middle class concentrates on the survey, rich in making money.
Your biggest asset is the ability to make money. Your biggest source is your time. - Brian Tracy
Savings are important. Investing might be more important, but making money is the basis of both. Understand the need to save money and invest money, but to really achieve extravagant goals, you need to earn more.
The rich see it and work to make more ways to make more money by the means available to them. If you want to be rich, work on earning skills, not on the ability to save.
The rich see it and work to make more ways to make more money by the means available to them. If you want to be rich, work on earning skills, not on the ability to save.
If you want to be wealthy, think about saving as well as making money. - Benjamin Franklin
8. The middle class is influenced by emotions, the rich think logically.
Only when combining intelligence and emotional discipline you get rational behavior. - Warren Buffett
Steve Siebold has asked over 1200 wealthiest people over the last 30 years to write his book "How Rich People Think". According to him, there are over 100 differences in how wealthy people look at money compared to middle class people.
One key difference he found was that the middle class sees money with the eyes of emotions, while the rich eyes of logic. Making financial decisions depending on your emotions will ruin you. Warren Buffett explains that investing is more about controlling emotions than about money. Emotions are what causes people to buy dearly and sell cheaply. Emotions create dangerous business dealings. Stay away from emotions and engage logic.
One key difference he found was that the middle class sees money with the eyes of emotions, while the rich eyes of logic. Making financial decisions depending on your emotions will ruin you. Warren Buffett explains that investing is more about controlling emotions than about money. Emotions are what causes people to buy dearly and sell cheaply. Emotions create dangerous business dealings. Stay away from emotions and engage logic.
9. The middle class underestimates its potential, the rich set high goals.
Set high goals, and then do not stop until you get there. - Bo Jackson
The middle class sets goals ... Sometimes. It is the capacity of the goals that make the difference between the middle class and the rich. Middle class people set up safe targets that are easily reachable. The rich have goals that are impossible, difficult or crazy to achieve. But they know they are reachable. Everything depends on the right thoughts.
If you set goals, ask yourself if they could be bigger. Ask yourself if this is really all you can do or if you can do more.
10. Middle class believes in hard work, rich believe in leverage.
It is much easier to use existing resources than to develop those that do not exist. - George Soros
Hard work is a must for all of us. But if you want to reach the top, you have to let go of it. The problem is that hard work alone will not make you rich. You can not become rich if you do everything yourself.
To get rich, you need to leverage. The leverage effect works in many ways, from outsourcing to investing. The more leverage you will have, the more time you will have to work on things that really matter in your business and life.
To get rich, you need to leverage. The leverage effect works in many ways, from outsourcing to investing. The more leverage you will have, the more time you will have to work on things that really matter in your business and life.
Some differences between the middle class and the rich are enormous, while others may seem simple and secondary. The fact is, if you want to get rich, you have to think rich and do things like them.
Look Being Wealthy is not an easy deed to achieve. If it had been like that, Everyone Would Have achieved Success in their life by Reading this Article.
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