What the Rich know that the Poor and the Middle Class Don't...
boss business finances income investing money riches success wealth May 19, 2019
If you're struggling financially, you're not alone. In fact, if you're struggling, you're part of about 98% of the population.
We've seen, more and more, the great divide between the rich and the poor, and the middle class on the brink of extinction.
As you'll see in this chart below, income was growing steady for the 1% as well as the majority 90% until around the 1980's, when the rate of growth for the 1% began to steeply rise.
We no longer live in a world where you go to school, get good grades, and graduate with a guaranteed good job. We've seen for over 2-decades now that we have more educated college and University graduates who can't land a job in their field of study.
More to the point, even those who do work in their field of study, are often struggling financially. That includes professionals such as doctors and lawyers.
Failing to Change with the Times
Job security doesn't exist. We're moving more and more into an automated world. Workers are being replaced with computers and robots, and the ratio is only going to go up.
School systems provide knowledge that does not necessarily translate into jobs anymore. As long as individuals continue to rely on the education system for their wellbeing and the wellbeing of their children, they'll struggle.
You NEED a Financial Education!
They DO NOT teach us finances in school. Even if you go to school to study banking, you aren't taught truly sustainable wealth creation.
How do we know this?
Are most bankers or financial planners rich? No, they aren't, and that's how we know; the proof is in the pudding.
So, how do we get financial education?
How are the Rich Doing It?
That question alone, and investigating it's answer, can turn your life around: How Are the Rich Doing It? I encourage you to ask it daily.
The simple truth is that wealthy people think differently.
I know, that sounds too simple.
My investigation into this topic when I first began my search, as a broke millennial in my early 20's struggling bitterly financially, turned up that answer and I was, frankly, unimpressed. "That's it?" I asked incredulously. It sounded like a joke answer.
Now don't get me wrong, there's more to it, but at the core of your search for financial freedom, the way you think will be the root of your results.
Changing the Way You Think
The wealthy don't hate money.
Now you might think, "I don't hate money." I didn't think I did, but under further investigation, I realized over the years I had come to hate it.
Do you feel like you're a slave to your job?
Do you get mad when your bills come in?
Do you feel sad when you look at your bank account?
Are you frustrated by your debt?
These all create feelings of negativity towards money. On top of living it, think of all of the one-liners you've digested repeatedly over the years from your parents, teachers, mentors, the news, co-workers, and friends...
"Money doesn't grow on trees."
"Money is the root of all evil."
"Love is more important than money."
"There's never enough money."
This list goes on and on. Digesting all of it repeatedly makes it stick in the subconscious. Most people hate it deep down.
The wealthy LOVE money.
Not only do the wealthy not hate money, but they also LOVE money.
The average poor person thinks the rich person's love for money makes them "greedy" or "shallow." These accusations most often come from bitterness, resentment, and an all around the lack of knowledge around money.
Can you do more good in the world with more money?
Can you help more people with more money?
Can you have a bigger impact with more money?
Yes, you can.
The poor see the rich as hoarding money, but the truth is that it's not a finite supply! They keep creating more of the stuff every day! Wealthy people understand that money is energetic, and energy needs to flow, and they give back through charity, through helping their communities, through hiring employees, and so on.
The news brainwashes the populous about the rich. How? By highlighting the few that have done terrible things. For those few, there are countless more who are making massive positive change worldwide with their money.
Let me ask you... do you think it's easier to get wealthy is you HATE money or if you LOVE money?
If you love money is because MUCH easier. You remove the resistance. What we hate we repel. What we love we want more of. This is both psychologically as well as energetically.
Money skills
Beyond mindset, the rich understand that you can't get rich if you have a ceiling on your income. They understand the need for assets, investment, passive and residual income; things most people have NEVER learned about.
The poor and the middle class were taught to work for money, the rich have money work for them.
Moving toward financial freedom starts in the mind, shifting perspective, and then instilling the financial habits that create sustainable wealth building.
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