Thinking of rich people keeps them apart from the middle class. Both these classes think about money most of the time but in a different context. The middle class thinks of money as a scarce resource but at the same time rich and world-class thinks of money as an abundant resource. There are plenty of problems in the world. Rich people think about solutions to these problems and thus intern becomes richer.
Steve Siebold has interviewed several rich and world-class people for more than 20 years. Some of the key highlights of his work on how rich people and middle-class people think about money. Here your subconscious mind plays a big role. Once you set the rich people thought process, it keeps on feeding you such input continuously. And during this process, your financial life also improves.
Spending or Investing Thought Process
The middle class is famous for living beyond their means. They’re not spendthrifts, but they earn so little they have to spend it all in order to live a decent existence. To further exacerbate their frustration, they’re scolded by financial experts who insist they discipline themselves and trim their spending. This is sound but middle-class advice.
The world-class answer is to double or triple your income and create enough wealth so you can enjoy the good life to your heart’s desire without worries. This way, you can join the wealthy and focus on investing the remainder of your money in stocks, bonds, real estate, art, and any other wealth-building vehicle you choose. The rich get richer because they know the world is overflowing with wealth disguised as problems that need to be solved.
They know any free-market economy will gladly make them as rich as they desire in exchange for solutions to problems. The bigger problems you solve, the wealthier society will make you. The more people who benefit from your ideas, the more abundance you receive in return. The more you have to invest, the more your money goes to work for you, even as you sleep. That’s another reason the rich get richer: they’ve learned how to make money work for them twenty-four hours a day. So instead of focusing on spending and saving, focus on how to earn more, invest a percentage, and spend the remainder any way you wish.
Emotional or Logical View for Money
Most people never accumulate much money due to a series of self-limiting beliefs around the subject fueled by negative emotions. By the time the average person becomes an adult, they’ve been brainwashed with dozens of middle-class beliefs and philosophies about money which virtually guarantees them a life of financial mediocrity.
Children, teenagers, and young adults hear negative money messages over and over until they become beliefs that dictate their behavior. In short, a middle-class thinker can’t teach you how to become a world-class thinker. A poor person can’t teach you how to get rich. These statements are obvious to any rational thinking person operating from a logic-based mindset. Few people are able to think about money without clouding the subject with negative emotion, which is generated from dozens of middle-class beliefs. An ordinarily smart, well-educated, and otherwise successful person can be instantly transformed into a fear-based, scarcity-driven thinker whose greatest financial aspiration is to retire comfortably.
The world-class see money for what it is and what it’s not, through the eyes of logic. The great ones know money is a critical tool that presents options and opportunities. They also know if you’re not happy without it you won’t be happy with it. When it comes to thinking about money, put your emotions on the shelf and let reason be your guide.
Pleasurable or Money-Oriented Action
The masses spend a substantial amount of time entertaining themselves in a variety of activities. They live in a state of consciousness where effort is minimal and pleasure is king. Billion-dollar industries are created overnight when smart marketers give the masses what they want most: comfort and entertainment.
Rich people focus the majority of their attention on money-making activities they enjoy. Wealthy people know leverage is one of the great secrets of success, and they go to great lengths to employ it. While the masses are memorizing box scores and batting averages, the world-class is directing the same amount of mental energy into revenue-producing ideas. To the average person, it looks like the rich are working all the time, but one of the smartest strategies of the world-class is doing what they love and finding a way to get paid for it. The world-class is famous for saying the best thing about being rich is you never have to do anything you don’t want to do, and this includes how they earn money.
The critical thinking question is which comes first; doing what you love or making money to ensure you have the choice? While either way will work, the majority of wealthy people Steve Siebold has interviewed over the past 26 years didn’t make serious money until they were doing what they loved. Over and over they’ve told the same thing: when you’re doing what you love, you think about it 24 hours a day.
Money a Finite or Infinite Resource
The average person believes there’s a limited amount of money, and that they need to struggle and fight for their share before someone else gets it. They live in a world of fear and scarcity that says money is hard to make and harder to keep. Due to years of middle-class programming, their negative and limiting relationship with money almost guarantees they will never accumulate more than modest net worth.
Once again, the rich occupy the opposite side of the spectrum. Although most of them had the same middle class, fear-based programming in childhood, somewhere along the way they were able to reprogram their beliefs and develop a healthy relationship with money. The rich understand money flows from ideas, and since ideas are limitless, money is limitless. So while the masses are directing their mental energy toward grabbing as much money as they can, the great ones are focused on creating new ideas that have the potential of generating abundant wealth. The rich people use the money to fuel their passions and bring their dreams to life.
The middle class has always criticized the world-class for being greedy, ruthless, and materialistic, and there is a segment of successful people that fits this description, known as the upper class. These people are driven by blind ambition and killer instinct. If you get in their way, they will run you over without hesitation.
But the world-class is different. The world-class is spirit-centered, and they are among the most caring, compassionate people. These are the folks who provide the majority of the funding for great charities and non-profit causes. The reason they aren’t afraid to give is they know money is in infinite supply. If they need more, they simply use their mind to create more.
The truth is you have to have great ideas that solve problems to make money. If you do, you will attract money like a magnet.- Steve Siebold