How the Rich think differently than the Middle Class

[gkishot]

There are 2 types of people, those who invest and those who spend. The middle class people can be both.

 

[Pekelo]

Poor person: It would be nice to get on the top of the kidney waiting list.

Rich person: I am going to buy a kidney!

Wealthy people can be just as big idiots as poor people. See my Thread about Jack Ma.

"Siebold says the rich aren't afraid to fund their future from other people's pockets."

Poor people do that too, but society frowns upon theft.

 

[murray t turtle]

I saw this online recently.
It spotlights the differences between the Rich and the Middle Class, and how they think about money and success.
I found myself identifying with both sides of the equation.

https://www.businessinsider.com/how-rich-people-think-differently-2015-8

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Their are some good points in there, Dallas CF. And as Dr Stanley notes , millionaires tend to fix thier leather shoes; + have no or low mortgage. LOL/true[ Source= Millionaire Mind-Dr Stanley] As far as greed + fear driving market, that is party true; earnings + elephants + trends matter more, in stock market. One dangerous thing about an elephant herd; they will stampede up hill + run over anything or anyone..................................... NOT a prediction

 

[DallasCowboysFan]

yea man after i did some research on Hill, "Think and Grow Rich" lost all credibility to me. No doubt the book has changed lives but i just couldn't get into it after that.

Yeah, when I learned that about him, it diminished his reputation, but it doesn't change the lessons in the book. I am not sure, but it was probably the first, successful book about self improvement. And it was published in 1938, at the depths of the Depression when they could have used a little motivation.

He was not the first to embellish his credentials. The book 'written' by Hillary Clinton was fraudulent as well. "It takes a Village" was ghost written by Barbara Feinman. And the majority of celebrity books are written by ghost writers as well.

Maybe he started a trend.

 

[DallasCowboysFan]

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Their are some good points in there, Dallas CF. And as Dr Stanley notes , millionaires tend to fix thier leather shoes; + have no or low mortgage. LOL/true[ Source= Millionaire Mind-Dr Stanley] As far as greed + fear driving market, that is party true; earnings + elephants + trends matter more, in stock market. One dangerous thing about an elephant herd; they will stampede up hill + run over anything or anyone..................................... NOT a prediction

Yeah, I read that book a few years ago. He emphasized living below your means, but the article I referenced emphasizes a change in attitude and thinking. Some of the ideas were new to me.

Thanks

 

[murray t turtle]

There are 2 types of people, those who invest and those who spend. The middle class people can be both.

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I see your points. IBD [Investors Business Daily/Weekly founder] loved to invest + give books + give 10 days free daily newspaper] But plenty of extrovert millionaires / multi millionaires love to spend +give also . But an extrovert tends to love people+ love giving+ love spending @ any level/class of income............................................................................................................NOT a prediction.

 

[misterkel]

Can I make you a sandwich while I'm at it?

No, thanks. but pour me a beer, please?

 

[murray t turtle]

Yeah, I read that book a few years ago. He emphasized living below your means, but the article I referenced emphasizes a change in attitude and thinking. Some of the ideas were new to me.

Thanks

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Good read. They confused self interest, which anybody with sense has + selfishness. NOT the same @ all. One lady said '' i believe in treating everybody alike'' A man corrected her ; ''really , you cook breakfast for everyone in Dallas ??''LOL=LOL,