- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
The unwavering beliefs of rich people
Posted on 7/8/16 at 10:04 am
Posted on 7/8/16 at 10:04 am
quote:
In my five-year Rich Habits study of 233 rich people and 128 poor people (you can see the criteria for each on my website), I discovered that your beliefs dictate your circumstances in life. Those who are wealthy have different beliefs than those who are poor or stuck in the middle class.
We adopt the beliefs of our parents, family, mentors, culture, and environment (our neighborhood, town, city, state, and country). Most who were raised in poverty inherited limiting beliefs that hold them back in life. Those who are able to rise from poverty and become wealthy found mentors who possessed success beliefs or employed certain strategies that enabled them to remove their limiting beliefs and implant success beliefs, effectively re-programming their entire belief system.
The wealthy adopt certain beliefs that promote success:
- I must read to learn.
- I am responsible for the circumstances of my life.
- Money and wealth are good.
- There is an abundance of money and wealth to go around.
- Anyone has the ability to become wealthy. I can become wealthy.
- I can solve any problem.
- I can overcome any obstacle.
- I create my own luck.
- Opportunities are everywhere.
- Opportunity does not knock. I have to go out and find it and take action.
- I must earn respect.
- Failure is just another way to learn.
- Failure is the stepping stone to success.
- Risk is good when it is calculated risk.
- There is good debt and bad debt.
- No one succeeds on their own. I can only succeed if I surround myself with other success-minded people.
- I can accomplish anything I put my mind to.
-Time is the most valuable resource. I must make efficient use of my time. Wasting it is a crime.
- Birds of a feather flock together. I will avoid toxic people and surround myself with success-minded people.
- Dreams and goals are the rungs on the ladder of success.
- If I help others succeed, I will succeed.
- If I improve the lives of others, I will improve my life.
- Always exceed the expectations of others.
- I am in control of my thoughts and emotions.
- Never quit on a dream.
- Success takes time.
- I must save more than I earn and invest my savings in my dreams and goals.
- I am amazing and unstoppable.
LINK
12
Posted on 7/8/16 at 10:18 am to Street Hawk
Just printed that out. Good stuff. Thank you for the link!
Posted on 7/8/16 at 10:32 am to Street Hawk
how do I save more than I earn?
Posted on 7/8/16 at 10:33 am to stevengtiger
i see so many people waste time and are so lazy and inefficient. If you really manage your time you can get so much done. Yes, toxic people just want to bring you down to their level of failure. Those people will be very envious. You must put them in the rearview mirror.
Posted on 7/8/16 at 10:41 am to Street Hawk
Good stuff. Would like to see his list for poor people.
Posted on 7/8/16 at 10:45 am to Gevans17
quote:
how do I save more than I earn?
There are days I make more money in my investments than I do at work. The more you save, the more those days occur.
If you make $50,000, you make around $200 every day that you work.
If you have $10,000 saved, it would take a 2% day in your investments to make that. It happens, but its rare.
If you have $50,000 saved, it only takes a 0.4% day in your investments to make that. This happens more often.
If you have $200,000 saved, it only takes a 0.1% day - which happens most of the time when you have a positive.
If you have a million saved, you are usually making more annually in the market than you are at work (over a 5-10 year period).
Posted on 7/8/16 at 11:01 am to Street Hawk
That's great stuff
Posted on 7/8/16 at 1:46 pm to Old Sarge
Pretty common sense stuff there.
Be Optimistic
Always Learn
Work Hard
Surround yourself with like people
Never give up
Be Optimistic
Always Learn
Work Hard
Surround yourself with like people
Never give up
Posted on 7/8/16 at 2:22 pm to barry
quote:
Pretty common sense stuff there.
You would think so, but there are many people who don't have the right attitude that it takes to become successful.
Posted on 7/8/16 at 2:38 pm to Street Hawk
quote:
Always exceed the expectations of others.
Cornerstone of my business philosophy.
Posted on 7/8/16 at 2:40 pm to Street Hawk
quote:
I can solve any problem. - I can overcome any obstacle.
This is not true. If the problem is that you want to play center in the NBA and you're short it cannot be done.
Posted on 7/8/16 at 2:41 pm to Zach
quote:
This is not true. If the problem is that you want to play center in the NBA and you're short it cannot be done.
Sure you can; simple two step process.
(1) Become a billionaire
(2) Buy an NBA team
Posted on 7/8/16 at 3:03 pm to Cold Cous Cous
what defines a rich person?
Posted on 7/8/16 at 3:20 pm to Hawkeye95
According to the guy who wrote the article:
quote:
Rich Group: $160,000 in Annual Gross Income and $3.2 million in Net Assets.
quote:
Poor Group: Less than $35,000 in Annual Gross Income and less than $5,000 in Liquid Assets.
Posted on 7/8/16 at 4:57 pm to Street Hawk
There is a lot of good stuff here. These are great qualities to have in life.
However, he left out one important stat.
How many of the "rich group" started off rich? How many inherited some or all of their wealth.
Also, there is this:
There are many people who make 160K a year, who do not have a net worth of 3.2 million. That income level would take you a while to get to that net worth, assuming no head start. Maybe that's why the youngest person he interviewed was 42 and 60 percent were age 60 or older.
However, he left out one important stat.
How many of the "rich group" started off rich? How many inherited some or all of their wealth.
Also, there is this:
quote:
Rich Group: $160,000 in Annual Gross Income and $3.2 million in Net Assets.
There are many people who make 160K a year, who do not have a net worth of 3.2 million. That income level would take you a while to get to that net worth, assuming no head start. Maybe that's why the youngest person he interviewed was 42 and 60 percent were age 60 or older.
Posted on 7/8/16 at 6:11 pm to Street Hawk
quote:
I am responsible for the circumstances of my life.
I'd modify this to note that most of us can be *much* more responsible for the circumstances of our lives.
You don't get to pick your upbringing, birth defects, and so on. None of us get to choose the hand we're dealt, but we can damn sure learn how to play it better.
Posted on 7/8/16 at 10:20 pm to Street Hawk
This post was edited on 11/8/20 at 12:11 pm
Posted on 7/9/16 at 9:53 pm to LSUFanHouston
quote:
However, he left out one important stat.
How many of the "rich group" started off rich? How many inherited some or all of their wealth.
Actually he didn't leave that out.
quote:
Of the 233 millionaires, 177 were self-made millionaires and 56 inherited their money.
Posted on 7/9/16 at 10:56 pm to Street Hawk
I'm not intimate with it, but this reads what I've heard about "Rich Dad, Poor Dad". Qualities and personality traits of rich and poor people that they pass on to their offspring. Certainly some truth to the idea that financial responsibility and ultimately financial success (regardless of income) has something to do as a result of learned behavior.
Posted on 7/11/16 at 10:41 am to Street Hawk
quote:
- I am amazing and unstoppable.
And gosh darnit people like me.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News