http://teremity.wordpress.com/2013/10/02/21-ways-rich-people-think-differently/


World's richest woman Gina Rinehart is enduring a media firestorm over an article in which she takes the "jealous" middle class to task for 'drinking or smoking and socializing' rather than working to earn their own fortune.

What if she has a point?

Steve Siebold, author of 'How Rich People Think' spent nearly three decades interviewing millionaires around the world to find out what separates them from everyone else.

It had little to do with money itself, he told Business Insider.

It was about their mentality. 

"[The middle class] tells people to be happy with what they have," he said. "And on the whole, most people are steeped in fear when it comes to money."


#1 : Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.

TEH : Yes, I was a total opposite ... was an extreme when it comes to money. I do really believe money is the root of all evil ... and have been financially poor, always in debt or not-enough. I decided to change my mindset. I need to help myself before I could speak of helping others, right? So, PROVERTY is the root of all evil ... it is a fact.

#2 : Average people think selfishness is a vice. Rich people think selfishness is a virtue.

TEH : This point I am not so sure ... I am not a selfish person, perhaps I should ... to be rich? Hmm ... how?

#3 : Average people have a lottery mentality. Rich people have an action mentality.

TEH : Totally agree ... as I do not like gambling. There is a fine-line between trading and gambling, as at times ... we took a punt. That is lottery-mentality. Yes ... I must take more actions on my plans and work on it. Focus on actions.

#4 : Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.

TEH : I was brought up believing that we should get a degree and work. So, it is not a surprise that I achieved that. But, what I really need is to develop knowledge-skill ... that is what I am doing at the moment, knowledge about investing-trading.

#5 : Average people long for the good old days. Rich people dream of the future.

TEH : Past mistakes should be taken as lessons, stepping stones. I made many mistakes and big blunders. I need to take that as a spring to look forward .. into next year or another 3 years to come. I will certainly be a better trader.

#6 : Average people see money through the eyes of emotion. Rich people think about money logically.

TEH : This is easier said than done ... do not get our emotions in play while trading-investing. In fact, we should do the opposite ... fear = buy. Greed = sell.

#7 : Average people earn money doing things they don't love. Rich people follow their passion.

TEH : Great ... I do have the advantage here as I am still so passionate about my stock-tradings, watching markets in daily basis for almost 6 years now. I even used to blog here in daily basis, stating what I observed etc etc ... will be back into blogging as that is my passion.

to be continued(may be)

TEH