What’s the secret to becoming rich?
It’s not an easy question to answer.
So why do some people make money in almost everything they do? Do they know some making money secrets that you don’t?
Actually yes they do!
Steve Siebold, a self-made millionaire, made it his life mission to find out what separates poor people from rich people.
And after decades of research, he published his incredible findings in his book called ‘How Rich People Think’.
The book says it all comes down to 8 beliefs.
Here they are:
1) Being wealthy is a right, not a privilege.
When the average Joe thinks about becoming rich, they picture a lottery win or some other lucky event. This perception of becoming rich is different from those who are wealth.
Steve explains that rich people think ‘they have the right to be rich if they’re willing to create massive value for others.’
You might be wondering, how do you create something that others will value? Read on…
2) The fastest way to make money is to start a business.
The masses of average people work a job that pays them a steady monthly wage. This acceptance to work for someone else is one of the biggest differences in the way rich and poor people think. Steve explains:
“People who work for themselves have the power to proactively seek out business and increase revenues at will.”
Though it may seem scary to start your own business, in this world of zero-hour contracts – is starting your own business any more risky than having a job?
3) Being street smart is more important than being academically smart.
It’s easy to assume that all wealthy people are wealthy because they received a higher standard of education.
However, look at self-made millionaires like Richard Branson and Steve Jobs. Neither have ever stepped foot in the halls of Eton or Oxford, instead they used their street-savvy to amass their fortunes. Like Steve says in his book:
“If the key to building wealth was excellent grades in school, every summa cum laude college graduate would be rich.”
4) You can’t get rich alone.
Have you ever heard the phrase, ‘it’s not what you know, it’s who you know’? According to Steve’s book, rich people believe that in order to gain wealth you’ll need help of a team.
Once you’ve come up with an idea that will add value to others, decided to start a business and focused your street-smarts on the goal, you’ll need to find people who can help you make your ideas a reality.
5) Making money isn’t easy, but it is simple.
Poorer people think making money is extremely complicated, but Steve writes that wealthy people say that although not easy, it is straightforward:
“The rich know that money flows from ideas and problem solving. The bigger the solution, the bigger the pay-check.”
6) Thinking earns money, not hard labour.
It’s easy to assume that if you want to earn more money, you need to work longer hours.
However ,the rich disagree.
They say that if you want to earn more money – you need to think more about how to solve a bigger problem:
“Training your mind to find solutions to difficult problems is the real secret to making money.”
7) Money sets you free.
The mindset of many poorer people is that money brings responsibility, ties and difficulties.
Whereas the rich believe that having money is liberating as it opens up the world and possibilities.
More than any of the other points we have discussed, this is the biggest discrepancy in the way the poor and the rich think.
8) Working should make you happy.
Working to make money seems logical, but the rich disagree. They say instead of looking at which jobs pay the most, instead you should find a job that will make you fulfilled and happy.
According to Steve’s book, you’ll work so hard at a job you love, you’ll become ‘the most competent person in your field’ and therefore be more successful.