Rich people have a way of thinking that is different from poor and middle-class
Another phrase used in early modern Europe was "the middling sort". The term "middle class" has had several, sometimes contradictory, meanings. Friedrich Engels saw the category as an intermediate social class between the nobility and the peasantry in late-feudalist society.
Rich mindset seeks to build relationships based on trust, liking, shared values, and mutual respect. People with the rich mindset help others and cultivate relationships with no expectation of anything in return.
Millionaires have self-confidence. They believe they deserve to be wealthy. In fact, they've never given it any other thought. Whereas, people destined to be poor or middle class believe it's "luck," or an inheritance, or the lottery, has something to do with it.
Wealthy people don't only think about the present. They also consider the potential of the future. That means setting goals that might span years or decades, not just weeks or months. According to Smith, the longer you can stretch your thinking into the future, the richer you will become.
Wealthy people tend to be stable, flexible, able to make independent decisions, and more focused on themselves than others (but in an oddly positive way). "Wealth consists not in having great possessions," the Stoic philosopher Epictetus once said, "but in having few wants." Sounds wise.
Poverty mentality is a mindset that people develop over time based on a strong belief that they will never have enough money. This mindset is driven by fear and can cause poor financial decision-making.
Others may not define a rich life through monetary measures at all — instead, saying a rich life is having good health, close relationships with family and friends, and a fulfilling career. Still others may say true wealth equates to freedom — being able to do what you want, when you want.
Once they set their goals, they write them down and put them somewhere they see them each day. For example, a sticky note behind a bathroom mirror, on their home screens or in their wallets. Poor people have no financial goals. They do not see the point.
2. The super-rich are slightly happier than the rich. The second insight from this research finds that multimillionaires are slightly happier than millionaires, but only at very high levels of wealth exceeding $10M. In other words, the super-rich are slightly happier at extreme levels of wealth.
Coupled with healthy eating, wealthy people also believe in staying fit by exercising. Millionaires may be busy people, but they nearly always find time in their days to work out. In fact, Corley reports that 76% of wealthy folks do aerobic exercise at least four days per week, compared to 23% of poor people.
Many millionaires, for example, allocate their time differently — they spend more time focusing on personal growth, planning for investments, and working, and less time sleeping. They also gravitate toward similar wealth-building strategies, like saving as much as they can and bringing in multiple income streams.
There are a handful of things that separate the ultra rich from everyone else: research has shown they tend to exercise regularly, maintain a healthy diet, save 10% or more of their income, read books and manage their time wisely.
In fact, there are just three steps to a million-dollar mindset:
Self-Confidence. To make the kind of money you want to be making with your baby (that would be your business, not one of your children), you have to be confident that you're already worth millions. ...
Being a millionaire is the easiest way to help people. When a person gets rich, others get rich. Every time you spend a dollar, someone benefits. Whether you're tipping a server or buying goods or services, money is constantly flowing and enhancing the lives of others.
Some common synonyms of rich are affluent, opulent, and wealthy. While all these words mean "having goods, property, and money in abundance," rich implies having more than enough to gratify normal needs or desires.