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Top 20 Principles of the Wealthy: Do You Have A Wealthy Mindset

In this post, I’d like to share the top 20 principles of the wealthy for developing a wealthy mindset.. These were co-authored with a mentor of mine back in 2009. I’ve dusted them off and am highlighting them once again here. (This is a revision of the article originally posted on Jan 28, 2009)

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Do you have a wealthy mindset? To find out, compare your thinking against these 20 principles of the wealthy.

Now be forewarned, these are are bound to get a reaction from you. 😉

I believe one of the fundamental keys to success is mindset …  specifically a wealthy mindset. And that is why developing a wealthy mindset is so vital to your success.

We live in a culture which has socialized a poverty consciousness. This is ingrained from the earliest of days through family, government, school, church, etc.

And the lack of a wealthy mindset is the single biggest obstacle to your success.

Understanding the Principles of the Wealthy

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So, what is the difference between a Poverty Consciousness and a Prosperity Consciousness?

Perhaps the most effective way to demonstrate the difference is through contrast … which I’ll use to highlight the principles of the wealthy. I’ll caution you up front that these contrasts have been deliberately exaggerated. Nonetheless, observe the thoughts and feelings that come up for you as you read each of these points. What do they tell you about yourself?

I call these the Top 20 Principles of the Wealthy for developing a wealthy mindset.

1. Broke people think that everything is too good to be true.

Wealthy people think getting a job sounds too bad to be true.

2. Broke people give up when things don’t go their way; a few disappointments and they are on to something else, saying things like “it wasn’t for me”.

Wealthy people work harder and become more determined when things go bad, and they understand you have to take the bad with the good in order to make it.

3. Broke people always have an excuse.

Wealthy people say “my fault” and refuse to make excuses.

4. Broke people think not getting what they want is okay.

Wealthy people are disgusted at the notion of not getting what they want and will do whatever it takes.

5. Broke people always have to talk it over with their broke friends to make sure no one will make fun of them if they make a decision.

Wealthy people think for themselves and couldn’t care less what their broke friends think.

6. Broke people are never coachable, nor teachable.

Wealthy people are always learning. Even when the money starts coming in, they never stop learning from those who were there first.

7. Broke people are scared of others.

Wealthy people entrust in others and know other people are crucial to their success.

8. Broke people are always procrastinating. They would rather talk about it, read about it, think about it, but never seem to do anything about it.

Wealthy people hate doing anything but getting it done.

9. Broke people are glad when the day is over.

Wealthy people love it when the day begins.

10. Broke people think wealthy people are “lucky”.

Wealthy people put themselves in a position to be “lucky” and then work hard to make the “luck” show up.

11. Broke people work by the hour.

Wealthy people work by the month.

12. Broke people want to know that after 1 hour of work they have something to show for it.

Wealthy people find broke people who think like that – and make them their employees.

13. Broke people get excited when they just get hired.

Wealthy people think it is funny someone can be fooled that easily; they are just making a wealthy person wealthier.

14. Broke people complain a lot.

Wealthy people are thankful no one shot at them today, that they didn’t have to fight in a war, and that they don’t have a job.

15. Broke people are more concerned about what other people are doing.

Wealthy people are only concerned about what they can be doing to get more done.

16. Broke people think that if no one is doing something, it must suck.

Wealthy people think that if no one is doing something, it means more money for them.

17. Broke people think if everyone (all 200 people at a meeting in a city of 1 million) is doing something, the market must be saturated.

Wealthy people think that broke people aren’t very bright.

18. Broke people think it is okay for others to live where they want to live, drive what they want to drive, and do what they want to do.

Wealthy people expect to live where they want to live, drive what they want to drive, and do what they want to do.

19. Broke people are accepting of the fact they cannot do these things.

Wealthy people get sick just thinking about being average.

20. Broke people think that other people’s opinions are worth more than their dreams.

Wealthy people think that their dreams are worth more than other people’s opinions.

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How will you apply these principles of the wealthy to build your own wealthy mindset?

If you’re like most people, you have to learn how to be wealthy. Start by learning from the Broke and neither do what they do, nor — most importantly — think what they think.

The best thing you can do for a broke person … is to not be counted as one yourself.

About the Author Hugh Warren

An Intrinsic Coach® and enthusiastic student of personal development, I've been actively writing on a range of related topics for over 10 years. The range of topics I share has varied over time, but I try to pick ones that will hopefully strike a chord with you. You may or may not always enjoy everything I write, but if you appreciate the effort please make a point to share it with someone else.

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