Wednesday, July 2, 2014

The Psychology of the Rich

OK, so I'm not a rich guy but I find it fascinating to study the psychology of the rich. What do they do differently than poor people? You might say, that's easy, they make more money. Not necessarily true. It's not about how much you make, it's all about how you handle it. This blog entry is based on an article from Entrepreneur magazine. It listed the 9 habits of rich people. But get this, none of the 9 factors have to do with money. They are all about attitude, priorities and how the rich spend their time. If one wants to be rich, study rich people. It's just like weight loss. Want to be in good shape? Study those who eat right and exercise. Here are the habits of the rich.

1. They are goal oriented, and they write down their goals.

2. They have a to-do list that prioritizes tasks that need to be done.

3. They watch very little TV, especially staying away from reality shows. They use their time wisely, and often watching TV is a waste of time.

4. They read a lot, especially self-improvement books. They always want to get better and push themselves to succeed.

5. They enjoy audiobooks, often listening to them in the car while commuting.

6. At work, they go above and beyond what is required.

7. They seldom play the lottery. The rich know that the lottery is a foolish way to spend money.

8. They take care of their health by watching their diet and exercising. An unhealthy body can stand in the way of being financially successful.

9. They take care of their teeth, often flossing every day. Dental problems can be painful and expensive.

What do these have in common? They all boil down to properly managing finite resources, such as time, money and health.

Information from this article.

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