The middle class VS the rich
In our country people are divided into three main groups: the poor, the rich and the middle class. You may be considered middle class. You're neither poor nor rich…yet. But according to research, the middle class is shrinking. And in a few years it may totally disappear. Therefore, in the future you will most likely be either rich or poor. But don't worry; where you end up depends entirely upon you.
If you want to belong to the rich (and I'm sure you do), you need to have the mindset of the rich. So let's consider the main differences between the rich and the middle class.
The middle class prefer to live comfortably, while the rich choose to avoid comfort. What I mean is that we can achieve something only when we leave our comfort zone. People in the middle class prefer to have stable jobs. Working for someone else is comfortable and you risk nothing. To be comfortable means to be happy. But the rich know that the greatest things happen when we try to deal with uncomfortable situations, when we risk. Sometimes, you may even have to fail, because if you have never failed, you probably haven't risked enough. Success is built on failure.
The middle class spends everything they earn, but the rich live below their means. Remember, if you earn a $1mln/year and you spend a $1mln/year, you're still broke.
People in the middle class look for jobs, whereas people in the upper middle class work for themselves. They are self-employed and are basically employers and employees at the same time. But the rich, on the other hand, realize that they need more people to earn more money. Therefore, they create their own businesses. They know the power of passive income.
Middle class people tend to maintain friendships with everyone while the rich choose their friends wisely. Warren Buffett was right when he said: “It's better to hang out with people better than you. Pick associates whose behavior is better than yours and you'll drift in that direction.” And did you know that your income is the average of the incomes of your three closest friends? So, if you want to earn more, maintain friendships with those who earn more.
And again, speaking about living below one's means, the people in the middle class usually spend all of their money on new cars, expensive landscaping, and the luxurious apartments or houses. But the rich want to have money more than they want to have things. Because the more you buy, the less money you have left. So, instead of buying, invest your money. And never make emotional decisions; it may ruin your finances. That is one more difference. People in the middle class are emotional with money, while the rich see things logically. Emotions are dangerous for business. They make people buy high and sell low. So put emotions aside and turn to logic.
And the most crucial difference between the middle class and the rich is that the former underestimate their own potential, while the latter set great goals. I'm not saying that people in the middle class don't set any goals at all, they do, but the goals they set are safe; they don't demand risk and they are easily obtainable. On the other hand, the goals of the rich may seem impossible and crazy, but they are nevertheless achievable. It's all about believing in yourself. So when you set a new goal, ask yourself if this is really your limit, if this is the best you can do, because I'm sure you can do much more than that!
Maybe there are things I said that you disagree with, but the fact is that if you want to be rich, you need to think rich and act rich! So, good luck!
