Why are some people rich and many poor?
It’s all in the mindset.
If you want to become wealthy you need to stop thinking like a poor person and start thinking like a rich person.
Tom Corley, author of Rich Habits: The Daily Success Habits of Wealth Individuals, studied the daily activities of 233 wealthy people and 128 people living in poverty.
He discovered there is a massive difference in mindset and daily habits between the wealthy and poor.
He found the reason most rich people are rich is because they think about things differently.
I keep telling my coaching clients this all the time.
If you want to be rich, successful and happy, you have to switch up your mind game plan.
Here are the 3 important things you need to do to be successful:
1. Make things happen, don’t wait for things to happen
90% of poor people think fate determines if you will be wealthy.
10% of rich people think fate determines if you will be wealthy
Here’s the thing: If you want to be successful, you have to take action. You have to make things happen.
You can’t sit around hoping that one day it will all miraculously work out.
Back in 1998, I was a promising young journalist at The Courier-Mail newspaper in Brisbane, Australia.
But I really wanted to live in London in 1999 so I could cover that year’s Cricket and Rugby World Cups.
So what did I do?
I quit my job in Brisbane, bought a plane ticket to London, and ultimately got a job for Sky Sports covering both World Cups.
I took action.
I wrote about it extensively in my book, Insider Journalism Secrets.
Was it easy? Hell, no. It was hard as hell.
It took me two months of job rejections before I landed that Sky Sports job.
BUT…I got the gig. I realized my dream. I took action. And boy, was it worth it!
Four years later in 2003, I decided I wanted to move to Los Angeles and interview movie stars for a living.
So, what did I do?
I quit my job in London, bought a ticket to Los Angeles, and started interviewing movie stars for a living.
Again, I write all about it all in my book, Insider Journalism Secrets.
Playboy legend Hugh Hefner told me the importance of taking action when I interviewed him at the Playboy Mansion years later in 2007.
2. Whatever happens to you in life, it’s a result of YOU and YOUR thinking and YOUR decision-making
18% of poor people think they are the cause of their financial condition.
79% of rich people think they are the cause of their financial condition.
Unsuccessful people tend to always look for someone or something to blame for their failure.
Successful people KNOW that it’s always because of THEM.
This mindset applies to both failure and success.
When I lost a lot of money in the 2009 property market crash in the United States, I initially blamed the economy. I blamed the banks. I blamed the mortgage lenders. I blamed my bad luck.
But years later, I realized that I lost money because of MY decision. Because of MY greed. I decided to invest. I decided to buy that property. I decided to take the risk. The risk didn’t work out. It’s nobody else’s fault but mine.
When I learned to say, “it is what it is”, I stopped beating myself up about it.
If something bad happens to you, say to yourself, “it is what it is”.
Likewise, whenever anything good happens to me, it’s because of MY decision-making. It’s because of my good work. It’s because of people I’ve chosen to bring into my life. Or people I have attracted to my life.
Remember, whatever happens to you in life, it’s a result of YOU and YOUR thinking and YOUR decision-making. Nobody else.
3. Work harder than everyone else
87% of poor people think you have to be intellectually gifted in order to be wealthy.
10% of rich people think you have to be intellectually gifted to be wealthy.
I have a couple of friends who are workhorses.
Regardless of whether or not they would get into high IQ society, Mensa, the fact is that they work 1,000 times harder than people I know who are not half as successful.
I am friends with the owners of the online health store, Niwali.
I’m even in one of their videos-for-men, explaining about the dangers of low testosterone. Watch the video here.
The Niwali owners are young guys in their late 20s and early 30s. They could be out every night partying and having fun. But they are disciplined.
On more than a few occasions, I’ve invited the owners out for social functions. They’ve politely declined and stayed in the office to work.
Their business is thriving as a result. They work hard. And they are rewarded for it.
(For the men reading this, if you want to naturally increase your testosterone levels, I recommend Advanced Test-O-Boost. I take it. It works. FULL DISCLOSURE: Yes, that's an affiliate link meaning I get paid when you sign up for a trial.)
There are no easy ways to do anything.
You have to put in the hard yards to be successful, something my friend and mentor Tai Lopez talks about.
Tai calls it “sets and reps”. You just have to be willing to put in the sets and reps. Do that and you can become good at anything.
So, now I want to hear from YOU.
What do you think? Do you agree with me that being rich versus being poor is all in the mentality?
What examples do you have of this being true?
Write to me and tell me your comments by leaving a comment in the comments section below.