Financial Post: "The way millionaires view money is-"

[Aidan]

http://business.financialpost.com/2...s-view-money-is-different-from-everyone-else/

Fantastic article. Everyone has the same opportunity, but not everyone will have the drive to learn; taking advantage of it.

Looking in the comments, you'll notice that just about every single one of them have hilarious responses such as "the rich are all born rich," "The rich have no moral compass" (how do you think non-profit organizations are created?) etc.

Much easier to jump on the bandwagon of rich-hating people, upvoting a popular opinion, and then tending to your virtual farm for another 5 hours (supporting someone elses fastlane without realizing it).

The irony is strong with this one. It's interesting to be in this community, and having the ability to see through the other side of the mirror.

 

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[NicoleMarie]

This whole thing is fastlane. I especially like "If you’re rich, keep thinking the way you’re thinking. If not, maybe it’s time to change the way you think about money." Thanks!

 

[MJ DeMarco]

Being rich is indeed a state of mind. At some point, the money does follow.

As with any article related to money/millionaires/wealth, a simple reading of the comments will tell you exactly how NOT to think.

 

[ZCP]

"Everyone has the same opportunity to acquire wealth." ..........

"They are masters at generating money through ideas that solve problems."....

 

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[PopEmersen]

Great article, the only thing I don't agree with is this statement "Everyone has the same opportunity to acquire wealth."

I don't that that is true BUT even if you don't have the same opportunity as say someone else, if you don't acquire wealth, it's still your fault. You may have to work smarter, or more creative BUT there are opportunities, just not the same across the board in my opinion.

 

[RHL]

From the top commenter:

The article talks about the results but nothing specific on achieving them (Fluff words like freedom, possibility, opportunity and abundance don't count). Let me just give a few examples how much this article fails. The second note: leverage. How much "leverage" do you think an average middle-class worker has? Or the fifth note: wealthy believe rich is a right. Sure when you are born into rich you tend to think like this.

In conclusion, it is easier to become rich when you are already rich.

Damnation. This is like watching a cave man get an idea, go over to his square wheel with a chisel and a vision, and start chipping one of the corners smooth and round. Then, a few minutes in, he gets tired and goes back to hauling his game meat and vegetables by hand and leaves the wheel abandoned.

I mean... yeah, you want freedom, possibility, opportunity, and abundance? Awesome! Yeah, you don't have it? Totally true! You want leverage? Yeah, a middle class worker definitely has none!

So what's your solution?

Go back and be a middle class worker without all those things and hope for a radical change that will magically shower you with cash.

Agh. Sorry for getting so worked up. It's the entitled silver-spoon mentality I picked up from my extremely privileged upbringing of my dad's business failing and my family of 5 living on $100/day with no benefits that he got from working on a day-to-day basis with a housing contracting crew, paying for my own college and graduate school without my parents help, then growing up and getting my head filled with insane plutocratic ideas that came from an entitled, born-rich dude who was so affluent and out of touch with reality that he had to learn to code websites in a limo while waiting for a group of drunk revelers in the parkinglot outside a club.

 

[ZCP]

Great article, the only thing I don't agree with is this statement "Everyone has the same opportunity WITHIN THEMSELVES to acquire wealth."

I don't that that is true BUT even if you don't have the same opportunity as say someone else, if you don't acquire wealth, it's still your fault. You may have to work smarter, or more creative BUT there are opportunities, just not the same across the board in my opinion.

Think it needs the words added above ..... each person has 'the choice' and thus the same opportunity. Do they have the same path or same options? No. Can they choose to create wealth for themselves? Yes.

 

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[randomnumber314]

Great article. As to the commenters, it's always going to be that way. It's easier to blame others for your lack of success (whether it's the poor taking your tax money, or the silver-spooners inheriting too much wealth) than it is to just go make your own success.

 

[davedev]

"1. The wealthy focus on earning."

A home run from the word go.

Most people play way too much defense and not enough offense.

The Slowlane is a defensive position, the Fastlane, offense.

 

[Shades]

Reading comments on this stuff is always fun.

Saw this was on the front page of Youtube today. More interesting comments.

 

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[MisterBHZ]

"1. The wealthy focus on earning."

A home run from the word go.

Most people play way too much defense and not enough offense.

The Slowlane is a defensive position, the Fastlane, offense.

Money tends to be the best multiplier for more.

More people than not simply don't understand that.

 

[Aidan]

Great article, the only thing I don't agree with is this statement "Everyone has the same opportunity to acquire wealth."

I don't that that is true BUT even if you don't have the same opportunity as say someone else, if you don't acquire wealth, it's still your fault. You may have to work smarter, or more creative BUT there are opportunities, just not the same across the board in my opinion.

In terms of being predisposed to disadvantages since birth, I can agree (as long as the issue isn't too severe, one can eventually climb past and escape these disadvantages).

I think the point they're trying to hit here with "opportunity," is that no one in a first world nation (and even many 2nd world Countries) is denied the freedom to create value, and earn money.

 

[SteveO]

This article is pretty accurate. There are not any real set formulas. It is all in the mindset. I have seen uneducated people with below average intelligence hit it big! I have seen smart people do well also. You can find the flip side as well.

 

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[RHL]

As far as I'm concerned, Oliver, Colbert etc. are all goo-roos when it comes to discussing money. "There's a huge problem," they say, "we're stuck, no way to fix it. The rich rigged the game."

Meanwhile, a syndicated TV show multiplies their three hours of actual work to make hundreds of thousands of dollars a night, they have multiple NYT bestsellers earning them cash while they sleep, and tons of lucrative speaking and guest appearance gigs on other shows. They say that nothing but massive social change can help people fix their "income inequality," but they know for damn well how to leave the 99% and join the 1% because THEY'RE ACTIVELY DOING IT EVERY DAY.