If you’re not part of the 1% of the world that holds most of its wealth, then the habits and lives of rich people are probably a bit of a mystery to you.
If you’re curious, though, here are 5 rich people willing to talk about what life looks like from the other side.
5. “I don’t have time for this.”
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Jeremy Larner, entrepreneur and president of JKL Worldwide, acknowledges there is nothing more valuable than his time, but instead of worrying how they will take on one more thing, he says “How does this investment (of time) fit into the pursuit of my goals?”
“When we reorient the question into a more proactive and positive light, the answer to that question is much less convoluted. ‘Does this investment further my financial goals, my peace of mind, or my personal relationships?’ Framing the language around time like it is the worthiest of investments will allow you to clarify in your own mind what is, in fact, worthy of your time and energy.”
4. I can’t handle this problem.
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To achieve financial success, you have to develop the ability to creatively problem solve on your own. Ian Beed, CEO of Markets Nerd, says he always asks himself, “What can I do to solve this problem?”
“This question embodies their internal strength to tackle any problem in front of them and their overall bias toward solving problems.
Answering this question has helped the richest and most successful people I know solve challenging problems and create businesses and products to help many more people.”
3. I think I’m rich enough.
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Rich people are keen on staying that way, which is why they’re always looking for ways to make more money.
They’re smart about investments, they keep their ears to the ground, and they keep pinching pennies where they can.
2. I’m not smart enough.
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A study showed that the average college GPA of American millionaires isn’t a 4.0 – it’s actually a 2.9. James Whitaker, author of Think and Grow Rich: The Legacy, has some thoughts about why.
“Those with exceptional academic performance can evaluate risk too stringently, coming up with dozens of reasons why an idea will not work and refusing to act. However, the most extraordinary achievers spend more time focusing on the opportunity. Obsessed with mission success, they surround themselves with the people who can bring their dream to life and get to work on changing the world.”
1. I don’t need to save money.
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Many wealthy people actually come across as fairly frugal – they have goals as far as saving and investing, which means they live on a budget, same as you and me.
Wealthy people also hit up sales and clip coupons like us regular folk.
I can’t say I’m really surprised, but it sure is interesting, don’t you think?
If you’ve got firsthand knowledge, share some more secrets with us in the comments!
