How The Super Rich Differ From the Average Middle Class Millionaire
Two Approaches To Wealth Creation
This is part 2 that discusses what sets the Super Rich apart from your average Joe Millionaire.
The 7 Money Rules are principally derived from studying billionaires and those on the fast track to becoming super-rich. They are applicable to anyone interested in becoming significantly wealthier.
Here’s some primary differences in one’s mindset that sets the super rich apart from the average millionaire.
Rule: COMMITMENT
- Professional – seeks work/life balance, where money is only part of the equation
- Super-Rich – creating wealth is the top priority and primary motivation
Rule: SELF-INTEREST
- Professional – Looking to make everyone “happy” or get a fair deal
- Super-Rich – Making sure they are winners, strategically or financially, in every meaningful situation
Rule: LINE of MONEY
- Professional – Believe if they do what they love, the money will follow
- Super-Rich - Pursue only those activities that have significant probability of generating above-average financial returns
Rule: CONNECTIONS
- Professional – Network with a lot of people for social, cultural and business purposes
- Super-Rich - Build strong relationships with a handful of strategically valuable people
Rule: PAYOUTS
- Professional – Create rapport and look to help others
- Super-Rich – Ensure each party is duly compensated for his or her contribution
Rule: FAILURE
- Professional – Failure is a major obstacle that can cause setbacks, reassessments and new directions
- Super-Rich – Failure is a learning experience and a motivator
Rule: CENTERED
- Professional – Concentrate on overcoming weaknesses and becoming a well-rounded person
- Super-Rich – Concentrate on their strengths and delegate (outsource) everything else
Are you starting to see a pattern here?
The fluffy new-age mentality and many internet marketers who come across as likable people who want to be everybody’s buddy fit into the Joe Millionaire catagory (and so does the majority of middle management america) while Mr. Burns from the Simpsons seems to reflect the typical example of the Super-Rich profile.
Now I’ve seen people in our industry that as they have become more and more successful, begin to embody more of the Super-Rich mentality – most likely, they embraced these approaches first which is what propelled them to the next level.
The last two rules – failure and centering – I think many leaders in the IM industry (and myself) actually teach and lean more towards the super-rich approach – learning from one’s failures and concentrating on what you’re good at while outsourcing everything else.
Maybe that glass ceiling for most people exists because it’s designed that way. The super-rich don’t want too much company. They are often greedy power mongers (and mingers,lol) at the core and their hubris nature can’t allow the minions of the world to truly compete with them, rather they are merely tools and pawns to be used to maintain their elevated wealth status.
Seems to me like if money is the primary goal, then at the end of the day, money will be all that you have. Which sounds better to you?
PDF link to Comparison Table:
