According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined. But what about the people in between? The middle class? You may be considered middle class. Youre not poor, but youre not rich…yet. The middle class seems to be shrinking, according to the data revealed over the last couple decades. That means youre going to be less likely to be middle class in the future. Youll more likely be poor or rich. Which side do you want to be on?
If you want to be on the side with the rich, youve 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 its a small price to pay for living a dream.” -Peter McWilliams
Its comfortable to work a “safe” job. Its 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 thats great, because if youre not failing, youre 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.” -Calvin Coolidge
You wont catch the average millionaire in a $100,000 car or a multi-million dollar home. The rich dont spend their money on depreciating liabilities, they spend their money on appreciating assets and they live below their means. Continue reading “10 Differences Between Middle Class And Rich People”