9 things rich people choose to do that poor people don’t

The richest 1% of the world currently control 48% of the world’s wealth.

The top 80 wealthiest people in the world control approximately $1.9 trillion, which just so happens to be the amount controlled by 3.5 billion people on the other end of the spectrum.

Can you believe that? There are 80 people in this world that collectively share the same amount of money as 3.5 billion people!

Global inequality continues to be a hot-button issue with many of us as we realize that we’re in the bottom 99%. In fact, the Occupy Movement originated in 2011 for this very reason.

Many individuals who did not have wealth were disgusted by the richest 1% who “are writing the rules of an unfair global economy that is foreclosing our future.”

Is this true? Are we victims? Or are we all just too chicken to create wealth on our own, and therefore demand a handout from those that earned it with their blood, sweat, and tears?

While many of us would like to believe that each one of these 80 wealthiest people inherited their wealth, in actuality only 11 did.

The other 69 have built their immense wealth from very little. Look at Warren Buffett, for example. He grew up as a middle class child, but got addicted to the world of business and investing at a very young age.

Today, he is worth $72.3 billion (with a “b”). Nobody gave him this money. He earned it because he has always taken actions like the rich would and avoided the actions of the poor.

Since he has so much wealth, should he be required to give his money to the rest of us just because we haven’t become as successful? I don’t think so.

Instead, we should all be studying the things the rich do and should be actively doing them ourselves!

1. The rich believe in the law of income.

I personally know the inventor of the self-dimming rear-view mirror, which is now in almost every car in America. Do you think it would be fair to only pay him $15 an hour for the time he put into this invention? Or, since his product has been an amazing success, perhaps he should receive a portion of the proceeds from each sale? I believe in capitalism and am a big fan of the latter.

Poor people believe that we should all be paid the same amount, regardless of the outcome that we produce. With this mentality, innovation would likely cease to exist and the poor would still be poor, and on top of this everyone else would be poor along with them. I don’t know about you, but this is not the future I want for my children.

2. The rich focus on opportunities, not obstacles.

There once was a shoe salesman that found himself in a far-away country, trying to sell shoes to the natives. The only problem was, nobody there wore shoes and the sale was often quite difficult. The salesman soon gave up in frustration and decided to leave the area. On his way out, he met another shoe salesman. “Don’t bother entering this town,” said the first salesman, “These people don’t even wear shoes.” The eyes of the second salesman grew wide, “No one has shoes?? Then I could sell a pair to everyone in town! How fortunate we are to stumble upon an untapped market!”

It’s all a matter of perspective. The poor often see obstacles and quickly give up, while the rich see the the opportunities and enter arenas that many wouldn’t dream of.

3. The rich associate with positive, successful people.

Instead of the world being a terrible place to live, it suddenly becomes a glowing land of success and opportunity. A great example of this is United States citizens vs. immigrants into the States. Immigrants are 4x more likely to become millionaires than those of us that grew up here. The main reason? We talk about the negatives of living in this nation, while immigrants see it as the land of opportunity. Quite frankly, it is what you make of it.

4. The rich are willing to promote themselves and their value.

5. The rich grow bigger than their problems.

A few years ago I heard a compelling story that fits this idea perfectly. There was a plot of land for sale that had always been classified as “residential.” Many investors in the area knew that the value of the property would be worth 25 times the selling price if the property were commercial, but many had tried and failed at this appeal, so the property remained for sale at a severely discounted price.

But then one brave woman took on the challenge. She purchased the property, hired a team of lawyers, and after a few months of painstaking efforts, was able to get the land classified as a commercial property. Even with the cost of the team of lawyers, she earned 20 times her investment (in just a few months mind you). By tackling and overcoming the problem, she became a very wealthy lady.

6. The rich think ‘both,’ the poor think ‘either or.’

This is how poor people think too. They have a set amount of money and they think that they can either spend it one thing or another, but not both. It sounds logical, doesn’t it? But the rich focus on how they can get both.

Following along the same lines as the example above, let’s give a rich person $5. They too want both ice cream and a $5 pack of gum, but instead of thinking either or, they decide to go for both. To do this, the rich mindset would not buy the ice cream or the gum initially, but might instead buy a 24 pack of water for $5. They walk down the road a ways, sell each water bottle to passers-by for 50 cents and earn a total of $12. Now they can enjoy their ice cream, gum, and still have $2 left to spare! The rich have a “both” mentality, not “either or.”

7. The rich focus on net worth, not working income.

8. The rich constantly learn and grow.

The rich starve for knowledge because they know that the more they learn, the more likely they are to succeed. The average millionaire reads one nonfiction book a month because they want to grow themselves into the person that they want to be. The average broke person will read nothing and will never change. As I like to say, “the rich constantly learn and grow, and the poor think they already know.”

9. The rich don’t mind taking the hard road.

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