How much do I want to read more? 7/10
Ok, I'm not new to the psychology of success and abundance, so I knew already most of the concepts here.
Still, I enjoyed the read, each concept is cut into a nice paragraph, with much clarity.
Some of the key concepts are:
Focus on earning rather than saving, think about money in non-linear terms, substitute hard work with leverage…
However, there are a lot of repetitions. The book could have spanned one-third of what it is.
This book isn't about money. It's about thinking.
If you follow the beliefs, philosophies, and strategies of the rich and take action, you have a legitimate shot at becoming a millionaire.
What I discovered was, to get rich, I had to learn to think like a rich person. I spent the first 25 years of my life thinking about money like the masses, which kept me broke. Once I changed my thinking, the money started to flow. The changes began with my thinking, which led me to take effective action that eventually made me a millionaire.
1 — MIDDLE CLASS FOCUSES ON SAVING — WORLD CLASS FOCUSES ON EARNING
the masses focus on how to protect and hoard their money.
While world-class thinkers understand the importance of saving and investing, they direct their mental energy toward accumulating wealth through serving people and solving problems.
When an economic correction occurs, the fear-based saver suffers catastrophic losses that may take years to recover. While world-class thinkers suffer similar losses, they quickly turn their attention to financial opportunities that present themselves in a society of suddenly terrified people.
One group is operating from fear, the other, from abundance. The self-made rich aren't afraid to take calculated risks, because they know if they lose they can make it all back.
How about you? Are you more focused on saving pennies or building an empire?
2 — MIDDLE CLASS THINKS ABOUT MONEY IN LINEAR TERMS — WORLD CLASS THINKS ABOUT MONEY IN NONLINEAR TERMS
The masses trade time for money. This creates the belief that making money is a linear process directly connected to time.
The average person believes the only way to earn more money is to work more hours.
The wealthy know big money requires thinking about it in non-linear terms. The great ones are masters at generating money through ideas that solve problems. They realize since there is no limit to ideas, there is no limit to how much money they can earn.
So while the middle class is scrambling to survive and frightened for their financial future, the world class is capitalizing on their elevated level of awareness.
The masses waste a substantial percentage of their mental energy worrying about money, while the champions are fearlessly directing their focus to becoming wealthier every day.
Fortunes can be created almost overnight with the right idea at the right time, but only if the performer understands this non-linear phenomena.
The truth is, people who educate themselves in this philosophy have the potential to become as wealthy as they wish.
When you're problem solving, do you spend more time looking for the obvious answer or the non-obvious answer? Linear thinking is the obvious and non-linear thinking is the unobvious.
3 — MIDDLE CLASS BELIEVES HARD WORK CREATES WEALTH — WORLD CLASS BELIEVES LEVERAGE CREATES WEALTH
If hard work was the secret to financial success, every construction worker and cocktail waitress would be rich.
Hard work to the wealthy3 means out-thinking their competitors and leveraging the collective brainpower of their advisors. The middle class sees hard work as a badge of honor. The world class sees success as a more important badge of honor.
While one group is mentally and physically exhausted at the end of the day, the other is fresh and excited about thinking of new solutions and ideas that will keep the first group employed.
As a result, the middle class lives paycheck to paycheck and the world class lives without limits. The only real difference lies in their approach and ability to use leverage in place of linear effort. The average person is playing life's proverbial slot machine, while the wealthy own the slot machines. The beauty of living in a capitalistic society is that anyone in the middle class is free to make the necessary changes in their thinking to capitalize on the concept. Most people won't do it because they are either unaware of how they can think differently, or don't believe it's possible. Either way, the wealthy will continue to amass fortunes while the masses sit on the sidelines worrying about how to pay their bills.
[quote, Robert Kiyosaki]
"People with leverage have dominance over people with less leverage. In other words, just as humans gained advantages over animals by creating leveraged tools, similarly, humans who use these tools of leverage have more power over humans that do not. Saying it more simply, 'leverage is power'."
4 — MIDDLE CLASS BELIEVES MONEY IS THE ROOT OF ALL EVIL — WORLD CLASS BELIEVES POVERTY IS THE ROOT OF ALL EVIL
If you want world-class wealth, copy the beliefs of the wealthy, knowing you will eventually begin to behave based on those beliefs. While the masses are searching for the answer on the outside, the great ones know building wealth starts on the inside. First you build world-class beliefs around money, then you take action based on those beliefs. Your results will follow your actions. Would you believe it's that easy? Most people don't. Why not give it a try? What have you got to lose?
[quote, Ayn Rand]
"Run for your life from any man who tells you that money is evil. That sentence is the leper's bell of an approaching looter."
Decide to be proud of your ambition, and ignore people who tell you wanting to be rich is wrong.
5 — MIDDLE CLASS BELIEVES BEING RICH IS A PRIVILEGE — WORLD CLASS BELIEVES BEING RICH IS A RIGHT
World-class thinkers know in a capitalist country they have the right to be rich if they're willing to create massive value for others.
This distinction in thinking leads the middle class to the lottery and the world class to work.
While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems.
They believe if they make life better or easier for others, it's their right to be rich.
While the masses are watching television and surfing the web, champions are thinking, working, and dreaming of a better life.
The middle class is more interested in being entertained than they are in being rich.
Being rich is so far out of the average person's belief system, it never even crosses their minds.
[quote, Catherine Ponder]
"When you realize money is your divine heritage, you should persist in claiming it."
6 — MIDDLE CLASS BELIEVES MONEY IS COMPLICATED — WORLD CLASS BELIEVES MONEY IS SIMPLE
The masses believe making money is mysterious. World class-thinkers know money flows from ideas. They know the more value they create in the marketplace the wealthier they will become.
Getting rich in a free market economy is simply a matter of trading solutions for money. The bigger the solution, the bigger the paycheck. It's that simple.
The masses have always thought that rich people are smarter, luckier or more educated.
The rich mindset is rooted in the abundant potential every new idea presents, and they live in a consciousness full of excitement and grand anticipation.
So while the middle class approaches money with the mind of an over analytical academic, the world class approaches money like a child who doesn't understand lack and limitation and honestly believes he can do anything.
One group is satisfied with the statistical improbabilities of getting wealthy and resigns to be happy settling for less, and the other ignores the statistics and conquers the world.
[quote, Wayne Dyer]
"Successful people make money. It's not that people who make money become successful, but that successful people attract money. They bring success to what they do."
Just for today, keep telling yourself that making money is simple and notice how it makes you feel.
7 — MIDDLE CLASS BELIEVES RICH PEOPLE ARE CROOKS — WORLD CLASS BELIEVES RICH PEOPLE ARE AMBITIOUS
World-class thinkers know the majority of fortunes were built through ambition, drive and vision.
Because of the average person's unwillingness to accept full responsibility for his or her results, they are eager to criticize society's most successful in an effort to minimize their achievements and justify their own mediocrity.
Meanwhile, the world class takes full responsibility for their own results and direct their mental energy towards getting rich. Instead of wasting their brainpower on excuses, they use it to harness their creativity and solve bigger problems.
"I'm tough, ambitious, and I know exactly what I want. If that makes me a bitch, okay."
8 — MIDDLE CLASS BELIEVES BUILDING WEALTH IS A SOLITARY EFFORT — WORLD CLASS BELIEVES BUILDING WEALTH IS A TEAM EFFORT
The average person clocks in at nine and out at five. They are paid for the results of their individual efforts.
The world class knows it takes a team to build wealth, and they focus much of their effort on finding the right people to leverage their actions and ideas.
While the masses are interested in getting personal credit for the results they achieve, the great ones happily give the credit to their teams and prefer to trade personal recognition for profit.
So as the middle class proudly displays their ribbons, trophies and gold watches, the world class sees their reward as a growing net worth.
Since the masses don't make much money, they crave recognition. The masses are more ego-focused than results oriented.
[quote, Brian Tracy]
"Teamwork is so important that it is virtually impossible for you to reach the heights of your capabilities or make the money that you want without becoming very good at it."
Select an important project you've been pursuing alone and assemble a team of people to help you.
9 — MIDDLE CLASS WORRIES ABOUT MONEY — WORLD CLASS DREAMS ABOUT MONEY
The average person spends an inordinate amount of time worrying about money while simultaneously denying its significance.
Unless they have an appetite for private jets and original artwork, modest millionaires live a similar lifestyle to their billionaire counterparts. In short, the rich know only a portion of the good life can be purchased, and a sizeable piece of the puzzle is the peace of mind and absence of fear that comes with being wealthy.
This unclutters their minds and enables them to direct their mental energy towards creating new ideas that will bring them even greater wealth.
So while the masses are mentally mired in thoughts of fear and scarcity, the rich are operating in a mindset of love, abundance, and endless possibility.
The great ones dream about money and acquire it so they can move on to more important pursuits. They are often after what Dr. Abraham Maslow labeled "self actualization". In other words, to realize their greatest potential.
"Money is a guarantee that we may have what we want in the future. Though we need nothing at the moment it insures the possibility of satisfying a new desire when it arises."
10 — MIDDLE CLASS BELIEVES MONEY IS NEGATIVE — WORLD CLASS BELIEVES MONEY IS POSITIVE
Ask most people about money and you'll understand why they don't have any. The masses see ambitious people as greedy and self-serving.
The rich see money as a positive tool that has the power to create freedom and opportunity for themselves and their families. Being wealthy gives them the option to live what author/philosopher Ayn Rand called "an unrestricted existence." This means having the ability to do what they want, when they want, with whom they want, for as long as they want, without limitations. It also gives them the freedom to engage in their favorite pastimes, no matter how lavish or seemingly impractical to the masses.
[quote, Harvey Firestone]
"A man with a surplus can control circumstances, but a man without a surplus is controlled by them, and often he has no opportunity to exercise judgment."
Make a list of the things you would do if you were a millionaire.
11 — MIDDLE CLASS BELIEVES RICH PEOPLE ARE SHALLOW — WORLD CLASS BELIEVES RICH PEOPLE ARE STRATEGIC
[quote, Ayn Rand]
"Wealth is the product of a man's capacity to think."
12 — MIDDLE CLASS BELIEVES THE ROAD TO RICHES IS PAVED WITH FORMAL EDUCATION — WORLD CLASS BELIEVES THE ROAD TO RICHES IS PAVED WITH SPECIFIC KNOWLEDGE
Formal education teaches people how to think and perform in the linear world of commerce, but the rich rarely become wealthy trading time for money. The great ones operate from a non-linear mindset that keeps them perpetually in a consciousness of creative thought.
One of the greatest secrets of the rich lies in their ability to rely on their common sense and a street smart approach to problem solving. While the middle class makes simple problems seem complex, the world class makes complex problems seem simple. Their ability to reduce any problem to an elementary level allows them to see solutions most academics wouldn't even consider. The wealthy aren't interested in the means, only the end.
[quote, Jim Rohn]
"Formal education will make you a living. Self-education will make you a fortune."
13 — MIDDLE CLASS BELIEVES MONEY IS EARNED THROUGH LABOR. WORLD CLASS BELIEVES MONEY IS EARNED THROUGH THOUGHT
The average person believes the harder they work the more money they'll make. Their linear thinking equates labor and effort with financial success. This is why most people aren't rich. They're following an outdated model of success and are confounded when they reach middle age with little money to show for twenty years of hard work.
The rich know that creative thinking is the highest paid skill in the world. Independent, creative thinking is the most valuable asset anyone can acquire.
So while the masses are trying to figure out how to put their kids through college and retire on half of what they can barely exist on now, the great ones are building empires, living in abundance, and donating large sums to their favorite causes.
Most of us were told as kids that if we paid attention in school, got good grades and went to a respectable college or university, our success was virtually guaranteed.
The reality is few people who follow this formula ever get rich.
The good news is this is possible for anyone who conditions their mind to think this way, and then transforms thought into action.
[quote, Steve Forbes]
"The real source of wealth in this new era is not material things. It is the mind, the human spirit, the human imagination, and our faith in the future."
14 — MIDDLE CLASS WORRIES ABOUT RUNNING OUT OF MONEY — WORLD CLASS THINKS ABOUT HOW TO MAKE MORE MONEY
Poor people spend more time thinking about money than rich people. The problem is poor people spend this time worrying about what they'll do if they lose their job, get sick, or exceed their budget through poor planning or bad luck. Most of this worry is a waste of time, not to mention the negative, destructive psychological impact it has on their minds and the physiological havoc it wreaks with their bodies. Living in fear isn't living; it's surviving.
World-class performers find problems that are profitable to solve, and spend most of their time focused on solving them. They know money will follow the solution, so logic dictates they direct their mental energy towards creative and critical thought, which is rooted in the belief that just because a solution hasn't been discovered doesn't mean it doesn't exist.
Creative critical thinking is the highest form of thought, and is single handedly responsible for all progress in the history of civilization. Every product or service that has made our lives better has come from creative thought. So when I say the world class thinks about how to make more money, what they're actually thinking about is creative problem solving, not money itself.
Wealthy people are often criticized for being obsessed with money, but the truth is, it's the poor, working, and middle class that spend the most time thinking about it.
If the masses would upgrade their limiting beliefs about money and redirect their mental energy to new and exciting ideas, they would experience financial abundance. Money flows to great ideas like water. The secret is learning how to turn on the faucet.
[quote, William Cameron]
"Money never starts the idea; it is the idea that starts the money."