Mindset of the Wealthy and Middle Class

 

Category	Middle Class	Wealthy people
Belief	Money is the root of all evil	Poverty is the root of all evil
Mentality	Procrastinator	Action based
Type of Education	Formally Educated	Self educated
Dream	Focus on the past	Future
Money belief	Fear based	Logically
They Follow	Money	Passion
Use of money	Own	Other peoples money
Knowledge about  the Market	Clueless	Driven by emotion
Legacy	How to survive	How to get rich
Reading Materials	Novels, tabloids Entertainment Magazines	Books
Friends with	Middle class	Wealthy
Focus on	Savings	Earning
Risk Profile	Averse	Love
Comfortability	Thrive in structure	Thrive in Uncertainty
They think money as	Hard to keep	Friend

Self made millionaire  are currently growing in numbers. Steve Siebold made a book (How rich people think)  that summarizes the  mindset of the rich comparing it with the middle class.  He interviewed 1,200 of the world’s wealthiest people during the past 3 decades. He concluded that it’s about the perception and not the money itself.

David Isaiah Angway is a Financial Evangelist