New technologies create new opportunities. Anyone who has access to modern technologies can get rich if he/she knows how to use them. The survey shows that the trend in the world is this: the middle class is decreasing, and the number of poor or rich people is growing. That is, the probability that you will remain in the middle class is less than the probability that you will become poor or rich. How the habits of the poor people differ from the habits of the rich people, is told in a variety of books on business. But how does the middle class differ from rich people?
If you want to be on the side with the rich, you’ve got to start thinking like the rich. Here are 10 differences between middle class and rich people for you to learn from…
1. The middle class live comfortably, the rich embrace being uncomfortable
“Be willing to be uncomfortable. Be comfortable being uncomfortable. It may get tough, but it’s a small price to pay for living a dream.”
– Robert Arnott
It’s comfortable to work a “safe” job. It’s comfortable to work for someone else. The middle class think being comfortable means being happy, but the rich realize that extraordinary things happen when we put ourselves in uncomfortable situations. Starting your own business is a risk and risks can be uncomfortable, but a little risk is what it takes to create wealth and achieve superior results.
Step out of your comfort zone. Look at all your options. You will have to be at least a little uncomfortable if you want to become rich. You might even have to fail and that’s great, because if you’re not failing, you’re not doing much.
2. The middle class live above their means, the rich live below
“There is no dignity quite so impressive, and no one independence quite so important, as living within your means.”
Remember, if you earn $1,000,000/year and you spend $1,000,000/year, you’re still broke.
3. The middle class climb the corporate ladder, the rich own the ladder
“The richest people in the world look for and build networks; everyone else looks for work.”
4. The middle class are friends with everyone, the rich choose wisely
“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
5. The middle class work to earn, the rich work to learn
“When you are young, work to learn, not to earn.”
6. The middle class have things, the rich have money
“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people that they don’t like.”
― Will Rogers
Stop buying things and start focusing on keeping, saving and investing the money you earn. If you are a shopaholic, start shopping for assets. Become interested in investing, then look for bargains on stocks and businesses instead of shoes and electronics. That being said, it’s not all about saving your money.
7. The middle class focus on saving, the rich focus on earning
“Your greatest asset is your earning ability. Your greatest resource is your time.”
Saving is important. Investing may be more important, but earning is the foundation of both. You understand that you need to save and invest, but to really achieve extravagant goals with them, you need to earn more. The rich understand this and work on creating more avenues to earn and earning more with the avenues they have. If you really want to become rich, work on your earning ability, not your saving ability.
“Only when you combine sound intellect with emotional discipline do you get rational behavior.”
9. The middle class underestimate their potential, the rich set huge goals
“Set your goals high, and don’t stop till you get there.”
When you’re setting your goals, ask yourself if they could be bigger. Ask yourself if that’s really all you can do or if you can do more. I think you can do more.
10. The middle class believe in hard work, the rich believe in leverage
“It is much easier to put existing resources to better use than to develop resources where they do not exist.”
Some differences between the middle class and the rich are vast, while others may seem simple and minor. The fact is that if you want to become rich, you have to think like the rich and do the things the rich do.