The Ultimate Source for Understanding Yourself and others

How rich people think

By M.Farouk Radwan, MSc.

How rich people think

Why are there rich people out there and why are there poor ones?
Were those rich people born rich? No, we all know about famous billionaires who used not to have any money and we also know about rich people who lost their money and died in poverty.

All people know about Walt Disney and how he became one of the highest paid animators in history but few people know that he founded a company called Laugh-O-Gram in 1921 and filed for bankruptcy 2 years later

Moreover Donald trump was burdened with 900 million dollars of dept, lost many of his business ventures yet he rose once again to be one of the famous billionaires

There is one thing that can explain this riddle and answer the question, rich people aren't the ones who are lucky or who were born rich but they are the ones who think in a certain way that allows them to make more money.

In this article i will tell you how rich people think so that you can think like them.

Learn to think like rich people

Currently i am 28 years old and this year i am celebrating making my first million, see my book How i did it).
What i discovered during my journey collecting this money is that being rich is all about the way you handle money and not the initial amount you start with.

Generally people who become rich are the ones who:

  • Think like entrepreneurs: You can hardly find a millionaire who works for someone else or who made his millions throughout his career and even if you found that person most probably he will be an old person and not a young millionaire. The first key to becoming rich is to think of starting your own business (see How to become an entrepreneur)
  • They think big: rich people aren't the ones who aim to increase their monthly income by 200 dollars but they are the ones who aim for projects that have unlimited potential. The reason i chose the internet as my starting place for collecting wealth is that the profit here has got no ceiling, the more traffic you can get the more money you will make
  • They don't have false beliefs about money: Rich people don't believe that money is evil, that rich people are thieves or that luck has anything to do with making money. If you want to become rich then you'd better think like rich people and get rid of these false beliefs
  • Rich people aren't the ones who make more money: Rich people aren't the ones who make more money but they are the ones who save more. I could name few famous people that you might know about who earned millions throughout their lives then died poor because of not being able to support the life styles they were living. Making money is extremely important and saving a portion of it is as important as making it
  • They reinvest their saved money: Rich people reinvest their money and make more money. Poor people buy bigger cars, larger houses and then live the rest of their lives repaying dept. In short, buy whatever you need but make sure you are living below your standard and you will become rich

The Most important tip for becoming rich

Most rich people suffered a lot and failed many times before they managed to make any money. Those who make money and manage to become rich aren't the lucky ones but they are the ones who keep trying and trying until luck favors them.

Be ready for the opportunity when it knocks by never giving up so that the opportunity doesn't show up to someone else after you give up.

This website made me a dot com millionaire but i started 5 other websites that never saw the light. Its all about persistence and believing in yourself.

I didn't only study psychology for 10 years but i also completed my MBA and became a dot com millionaire, The information you just read can dramatically increase your chance of increasing your wealth and of becoming reach. The book How I did it was written by Me and it explains how I managed to make a website that generates thousands of dollars/month in less than 2 years without paying a penny and that made me yet another dot com millionaire :)

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