Preview

21 Wway Rich People Think Differently

Satisfactory Essays
Open Document
Open Document
1829 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
21 Wway Rich People Think Differently
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.

"The average person has been brainwashed to believe rich people are lucky or dishonest," Siebold writes.

That's why there's a certain shame that comes along with "getting rich" in lower-income communities.

"The world class knows that while having money doesn't guarantee happiness, it does make your life easier and more enjoyable."

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

"The rich go out there and try to make themselves happy. They don't try to pretend to save the world," Siebold told Business Insider.

The problem is that middle class people see that as a negative––and it's keeping them poor, he writes.

"If you're not taking care of you, you're not in a position to help anyone else. You can't give what you don't have."

Getty Images3. Average people have a lottery mentality. Rich people have an action mentality.

"While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems," Siebold writes.

"The hero [middle class people] are waiting for may be God, government, their boss or their spouse. It's the average

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Frank Too Big Too Ignore

    • 483 Words
    • 2 Pages

    Robert Frank, a professer at Cornell University, published an article for the New York Times on October 16, 2010. The title of the article was "Income Inequality: Too Big to Ignore". In "Income Inequality: Too Big to Ignore", Frank argues that there are differences in the social classes of the American people and that it is having a negative effect on our economy's growth. Frank explains that middle class citizens are in a struggle to maintain a good financial position. Meanwhile, the upper class citizens are spending copious amounts of money which makes it increasingly more difficult for the middle class to meet their basic needs. He says that the middle class are looking toward upper class citizens, comparing their posesions as well as their financial positions which makes the middle class feel financially unstable.…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    tim blixseth essay

    • 467 Words
    • 2 Pages

    Tim Blixseth kept explaining to us how most rich people he know were cocky, arrogant, stuck up or flamboyant. Tim was nothing like that; he didn’t want people to judge him accordantly to the other rich people. He strongly hated the fact that most rich people are jerks and looked down toward the middle/lower class. Money does change people a lot. I feel like if you were born with money and everything given to you, than you would be a stuck up person. But if you worked hard for your money than you know where you can from and would be cared hearted toward the lower class. Money is the root of all evil. It gives the wealthy a since of more power, makes them believe they rule us. By thinking this way, we all are going to be in trouble if they can get any more power. I believe that not all wealthy people do not have this type of attitude but most are by the way they were raised. But I believe that if you are raise your children properly and teach them the correct morals of life, then you can be a great person with the wealth.…

    • 467 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The affluent had two jobs, one being their actual money making profession (if it is not inheritance), and maintaining the image. Image often says more about a person’s standing in society than the true effect they have. George Armory’s expenses were blatantly laid out. If one is born with the right name, this kind of wealth is breed into him. The author explains the schooling, “nurtured social rather than intellectual pretensions” ( Latham 13). There is an existing expectation that even though they are better off than most americans, yet they still must compete within their own socioeconomic status. George explains this when he expresses disbelief that, “he allocated nothing for luxury or pleasure, no money for dinner parties, for paintings, for furniture, for a mistress, for psychiatrists, even for a week in Europe” (Latham 12). Living in luxury was not only an expectation, but a requirement to be respected in the wealthy community. Because he was overly occupied maintaining a high profile, he was unable to attain stability within himself. If the same money were given to a born middle class family, who could spend wisely, they would survive comfortably. The rich are sectioned off by who is better of, of the better off. This pressure outweighs any benefit money can…

    • 690 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The sociological imagination is something that I think a lot of people can’t and don’t want to understand. Most lower middle class families are only focused on one thing, and that is there…

    • 553 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    “The poor enjoy what the rich could not before afford. What were the luxuries have become the necessities of life. The laborer has now more comforts than the farmer had a few generations ago.”…

    • 696 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Median wages have been flat for decade or more. The quality of available jobs is declining, with a shift toward part-time and contingent work. while the Great Recession intensified these trends and added a staggering loss of housing wealth, the problems go further back and are far more systemic. In 1970s, the united state saw the growth of the country's middle class, with plenty of job prospects and economic conditions that generate business opportunities. Later on step by step that great middle class started to die out. In the article “RIP, Middle Class: 1946-2013” by Edward McClelland, the author discussed the factor that resulted of the failure of the middle class, he also said that the decline of the middle class resulted from the failure of the government policies, the failure of government to protect the interests of ordinary Americans to achieve and hold onto a middle-class standard of living. In the article, the author was so clever about his title because the title has that attention-getting element. Also he used lots of fact and dates to make the audience on his side (MacClelland…

    • 746 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Are the Rich Necessary

    • 2480 Words
    • 10 Pages

    Others believe that the rich are essential to our economy. The economy needs rich people because they have wealth. As the economy expand, the rich needs to save profit to invest on capital goods to adjust to the increase in poverty. Why is the poor and middle class living in subsistence and can’t save? They may have money saved up for retirement, and college fund for their children; however they have many immediate needs and desires, in this case will eventually deplete their funds. Unlike the poor, the rich’s income is greater than their expense even they splurge in luxuries therefore forced to save. It is know in history that the…

    • 2480 Words
    • 10 Pages
    Good Essays
  • Good Essays

    A Fierce Discontent

    • 669 Words
    • 2 Pages

    In A Fierce Discontent, the assessment is that the middle class is the weakest of the nation’s classes, or more appropriately in a situational predicament. Based on McGerr’s descriptions, it seemed as though the middle class had the toughest situation, with the large working class powered by unions and at times socialist views below them, and the unreachable upper ten with all the wealth and power above them. McGerr notes that the middle class is aware of who they are as a whole and are…

    • 669 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Generational Poverty

    • 1683 Words
    • 7 Pages

    Further, their money is for entertainment and to entertain others. They sometimes create and accomplish short term outcomes for immediate gratification. People become their possession, on the other hand, in middle and upper class, they focus on material security. The middle class plans for the future and the wealth plans for the future and involved themselves into politics.…

    • 1683 Words
    • 7 Pages
    Good Essays
  • Good Essays

    As time has passed, the middle class population in America is beginning to diminish due to the decrease of jobs. One of the most appalling things in society is that “more than half of families in the United States earn $60,000 or less per year” (Harris, 1). Because more than half of American families are earning less income than they should, Americans living in poverty has escalated. A majority of Americans strives to acquire a sufficient amount of money on part-time and temp jobs while prices and massive taxes placed on the the middle class accumulates. The middle class incomes are declining, slowly dragging the middle class down to poverty and as a result, the middle class is rapidly dwindling. For the sake of resolving this complication, society must be obliged to provide more good paying jobs to ensure that every American has enough income to support their families.…

    • 412 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The talk about middle class is something all Americans hear every four years during presidential elections. They are the leverage of all political speech’s to get Americans to feel like their life’s are improving, instead of declining, even though studies are showing the opposite. The…

    • 1564 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Class in America

    • 480 Words
    • 2 Pages

    2. Yes. the essay make a case that the wealthy are exploiting the poor. For example, the author stated that the wealthiest 1 percent of the American population holds 34 percent of the total national wealth. That is, they own over one-third of all the consumer durables and financial assets. The richest 20 percent of Americans hold nearly 85 percent of the total household wealth in the country. Another example, the author said that approximately 183,000 Americans, or approximately three-quarters of 1 percent of the adult population, earn more than $1 million annually. There are nearly 400 billionaires in the U.S. Today, more than three dozen of them worth more than $10 billion each. It would take the average American a total of 28,033 years to earn just $1 billion. In my opinion, from these number, it can proved that poor people have very little chance to be rich.…

    • 480 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Have you ever noticed the crisis raging within the middle class? Lou Dobbs has surely noticed and in War on the Middle Class, Dobbs discusses the issues surrounding the middle class and how they can be solved. In this book, Dobbs discusses the problems of the elitists within the middle class, the flaws in healthcare, and the faults in the United State’s education system.…

    • 1219 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Resume

    • 1366 Words
    • 6 Pages

    The middle class is defined not by a class of people in the middle of a social hierarchy, but rather as a façade of the so-called “American dream.” New York based author and historian, Stuart Ewen, in his essay “Chosen People,” published in “Literacies” by W.W. Norton & Company Inc. in 1997 addresses the topic of the middle class and argues that social status and class are characterized by patterns of consumerism. Americans today ask themselves what the true “American dream” consists of and many face a harsh reality that this dream is not an easy lifestyle to live. Ewen and other authors, Ira Steward and Alan Dawley, go into detail focusing upon the true middle class lifestyle and how this dream becomes an unattainable goal for more Americans every year.…

    • 1366 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Cited: Freeland, Chrystia. “The Rich Are Different from You and Me.” The McGraw- Hill Reader: Issues across the Disciplines. Ed. Gilbert H. Muller. New York, 2014. 51-52. Print.…

    • 385 Words
    • 2 Pages
    Good Essays

Related Topics