The Big Daddy C-Master
Big Daddy
Living life to the fullest, and it feels great.
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Post by The Big Daddy C-Master on Jul 8, 2014 3:23:05 GMT -5
I made this thread to put lists down that show the difference in lifestyle with people who earn great success vs people who don't. I think it is very educational and motivational for people who wish to succeed and stay on track. Here's a list: www.efficientlifeskills.com/20-shocking-differnces-in-daily-habits-of-the-rich-vs-poor/"What is the biggest difference between the rich and the unsuccessful? For starters, the unsuccessful blame circumstances like the economy while the wealthy do not.
The wealthy make money, not excuses.
Financial planner and author of Rich Habits Tom Corely spent more than 5 years observing the daily differences between 350 rich and poor people.
He studied how they:
Live Work Sleep Eat Exercise Etc. The criteria Tom used for “rich” in this study included:
$160K + yearly income At least 3.2 million in assets The criteria Tom used for “poor” in this study included:
$30K yearly income At least $5K in assets The main differences he found in this study had more to do with the daily habits of the “rich” compared with those of the “poor”
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Check Out These 20 Shocking Differences In Daily Habits
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1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble.
2. 80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this.
3. 76% of wealthy exercise aerobically 4 days a week. 23% of poor do this.
4. 63% of wealthy listen to audio books during commute to work vs. 5% for poor people.
5. 81% of wealthy maintain a to-do list vs. 19% for poor.
6. 63% of wealthy parents make their children read 2 or more non-fiction books a month vs. 3% for poor.
7. 70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% for poor.
8. 80% of wealthy make happy birthday calls vs. 11% of poor
9. 67% of wealthy write down their goals vs. 17% for poor
10. 88% of wealthy read 30 minutes or more each day for education or career reasons vs 2% for poor.
11. 6% of wealthy say what’s on their mind vs. 69% for poor.
12. 79% of wealthy network 5 hours or more each month vs. 16% for poor.
13. 67% of wealthy watch 1 hour or less of TV. every day vs. 23% for poor
14. 6% of wealthy watch reality TV vs. 78% for poor.
15. 44% of wealthy wake up 3 hours before work starts vs.3% for poor.
16. 74% of wealthy teach good daily success habits to their children vs. 1% for poor.
17. 84% of wealthy believe good habits create opportunity luck vs. 4% for poor.
18. 76% of wealthy believe bad habits create detrimental luck vs. 9% for poor.
19. 86% of wealthy believe in life-long educational self-improvement vs. 5% for poor.
20. 86% of wealthy love to read vs. 26% for poor."
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The Big Daddy C-Master
Big Daddy
Living life to the fullest, and it feels great.
I'm still here... for now...
Posts: 26,387
|
Post by The Big Daddy C-Master on Jul 8, 2014 3:41:12 GMT -5
Here's another: www.getrichslowly.org/blog/2011/11/01/what-are-the-differences-between-the-rich-and-the-poor/"Long ago, when this site was young, I reviewed Secrets of the Millionaire Mind by T. Harv Eker. Eker believes that we each possess a “financial blueprint”, an internal script that dictates how we relate to money. Our blueprints are created through lifelong exposure to money messages from the people around us. Unfortunately, Eker says, most of us have faulty blueprints that prevent us from building wealth.
In his book, Eker lists seventeen ways in which the financial blueprints of the rich differ from those of the poor and the middle-class. According to him:
Rich people believe: “I create my life.” Poor people believe: “Life happens to me.” Rich people play the money game to win. Poor people play the money game to not lose. Rich people are committed to being rich. Poor people want to be rich. Rich people think big. Poor people think small. Rich people focus on opportunities. Poor people focus on obstacles. Rich people admire other rich and successful people. Poor people resent rich and successful people. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion. Rich people are bigger than their problems. Poor people are smaller than their problems. Rich people are excellent receivers. Poor people are poor receivers. Rich people choose to get paid based on results. Poor people choose to get paid based on time. Rich people think “both”. Poor people think “either/or”. Rich people focus on their net worth. Poor people focus on their working income. Rich people manage their money well. Poor people mismanage their money well. Rich people have their money work hard for them. Poor people work hard for their money. Rich people act in spite of fear. Poor people let fear stop them. Rich people constantly learn and grow. Poor people think they already know. Out of context, some of this advice seems glib and facile. In the book, however, Eker explains each point, demonstrating how successful people discard limiting beliefs while the unsuccessful succumb to them. This book was instrumental in changing my own attitudes toward life and money.
Recently, somebody pointed me to a similar book: The Top 10 Distinctions Between Millionaires and the Middle Class by Keith Cameron Smith. I haven’t had a chance to read this yet (it’s on my to-do list), but I glanced through some of it at Google books. Like Eker, Smith attempts to differentiate between the mindsets of the rich and the rest of us.
His ten distinctions are:
Millionaires think long-term. The middle class thinks short-term. Millionaires talk about ideas. The middle class talks about things and people. Millionaires embrace change. The middle class is threatened by change. Millionaires take calculated risks. The middle class is afraid to take risks. Millionaires continually learn and grow. The middle class thinks learning ended with school. Millionaires work for profits. The middle class works for wages. Millionaires believe they must be generous. The middle class believes it can’t afford to give. Millionaires have multiple sources of income. The middle class has only one or two. Millionaires focus on increasing their wealth. The middle class focuses on increasing its paychecks. Millionaires ask themselves empowering questions. Middle-class people ask themselves disempowering questions. Some of the items on Smith’s list seem to be derived from Eker’s philosophy. But although there are similarities, Eker’s list gives me warm fuzzies and Smith’s list does not. I’ve spent some time trying to figure out why.
Maybe the difference is this: From my experience (and your experience may be different), Eker’s many distinctions hold true (at least in the U.S.). I’ve seen the differences he describes in my own life. But I’m not convinced that the differences Smith lists do hold up.
I know lots of people who talk about ideas rather than things and people, for instance, and I know many folks who embrace change. Many of my friends are continually learning, but they’re not millionaires. And haven’t we seen statistics that show, based on a percentage of income, poor people give more than the rich do? I’m not ready to dismiss Smith’s list outright — I need to read his book to see how he supports his claims — but my initial reaction to his list is skepticism.
But I think both authors are too quick to dismiss systemic causes of poverty. And perhaps neither of them has ever actually been poor. Some of their criticisms make sense, but some are grounded in a mindset of wealth. “Rich people act in spite of fear,” Eker writes. “Poor people let fear stop them.” Why is that? Could it be that the rich can act in spite of fear because they have a safety net?
There’s no question that wealth brings opportunities, both in the U.S. and in other countries. Those with money have more choices. The rich can take risks, and they’re often rewarded for taking them. (Thus, “the rich get richer”.) I have so many more options now than I ever did when I was a boy, when my family was poor. I’m one of the lucky ones who has managed to make good. Yes, a lot of that was through hard work, but there’s no question that I’ve been lucky. And I think this element of “luck” is something that both Eker and Smith miss.
There are differences between the mindsets of the rich and the poor, of this I’m sure. But I think they’re closer to Eker’s list than to Smith’s. (And, really, they’re probably closer yet to the attitudes described in The Millionaire Next Door.)
What do you think? From your experience, what are the differences between the rich and the poor? How do the rich think differently? What behaviors to the poor and the middle-class have that the rich do not? Or is it even possible to create distinctions like this? Does it all just come down to luck?"
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Post by JACK-2 on Jul 11, 2014 19:37:37 GMT -5
lol, I read this yesterday.
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The Big Daddy C-Master
Big Daddy
Living life to the fullest, and it feels great.
I'm still here... for now...
Posts: 26,387
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Post by The Big Daddy C-Master on Jul 11, 2014 20:24:48 GMT -5
lol, I read this yesterday. Great minds think alike. Do you agree with the list overall?
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Post by JACK-2 on Jul 11, 2014 22:29:59 GMT -5
Great minds think alike. Do you agree with the list overall? Absolutely, wealth is a state of mind. It's not "luck" or "Fate", it's free will, hard work and so forth.
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The Big Daddy C-Master
Big Daddy
Living life to the fullest, and it feels great.
I'm still here... for now...
Posts: 26,387
|
Post by The Big Daddy C-Master on Jul 11, 2014 23:22:43 GMT -5
Great minds think alike. Do you agree with the list overall? Absolutely, wealth is a state of mind. It's not "luck" or "Fate", it's free will, hard work and so forth. A lot of it is simply how people use their time. I for instance am going to cut back on gaming quite a bit because I feel like it is time consuming. Mind you- I'm not some loser who sits on my ass all day playing video games, far from it. But these multiplayer games and fighting games just take a ton of time. Constant practicing and work, and I'm not worried about winning a couple hundred bucks at a tournament and I often feel like my time could be better spent growing my company. I still get on, but it might be like once or twice a week. This is why I like single player gaming because it doesn't take much out of you and you can just put it down. It doesn't matter about connections or anything. I play a single player game about 35-45 minutes and then I put it down. No need for hours of practice.
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