Why Read (1000 Words)

The wealthy all have some defining characteristics that have been responsible for their wealth. These are learnable.

The Money Non Secret

I don’t think it is a secret that most people would like to own a lot of money. Most people would like to be rich, have lots of mulah, coinage or dough. However, there is a difference between being rich and being wealthy. The wealthy are indeed rich, but the rich are not always wealthy. Cryptic I know, but stick with me a few more sentences.

You can win the lottery, become famous or earn a huge paycheck and become rich, but not necessarily wealthy. Millions can easily disappear within a few years which is why most lottery winners return to their previous level of wealth within 5 years of winning and American football stars are, on average, bankrupt within 4 years of giving up the game . Britney Spears career anyone?

Having money is not the same as being wealthy, being wealthy is about being able to create money and look after money for many generations. You can be lucky and get rich, but it is unlikely, far better to learn how to become wealthy and ensure you become rich and that those riches will last. Here’s some traits of the wealthy to get you started.

Who You Need To Be

The Wealthy Are All The Same, The Poor Are All The Same

There is a mold for wealthy and successful people, a predisposition some would say. Wealthy and successful people are different from poor people. They think differently and they act differently. Many of  us do not share the mold of the wealthy but it is one you will have to squeeze yourself into as money does not hang around the out of shape. The 7 essential attributes that all wealthy individuals, generally agreed by most that have studied the lives of the wealthy extensively, share are listed below.

The 7 Traits

Low Emotion: When it comes to money and wealth, emotions are going to get you into trouble. The wealthy understand this and learn to control their emotions and think logically when it comes to financial decisions. High emotions tend to lower your financial intelligence and it is your financial intelligence that ultimately makes you wealthy.

Immense Boldness – We all have self doubt from time to time. The difference between the wealthy and the poor is that the wealthy face it head on and conquer their fears, the poor run and hide from them. Boldness is not about having no fear, it is about what you do with that fear. Do you let it cloud your judgement and shy away from profitable decisions or do you use it to help clarify and take decisive action when a deal presents itself.

Great Salesmen – Sales and salesmen have negative connotations to most people but this is the very reason many talented and intelligent people do not see the recognition or success they deserve. Most people are just one skill away from wealth – sales. Wealthy people are great salespeople. No one becomes wealthy on their own, and so it is critical to  sell your ideas well, whether this is for a company, a product or an investment.

Great Leaders – Great leaders are great inspirers and managers of people. Without exception, almost all wealthy individuals are great leaders of people – of their staff, of the people they work with, of the teams they create. If leading people fills you with fear then you need to find a way to control that fear. No-one creates great wealth alone and no one is going to follow you in your path to riches if you cannot lead them well.

Excellent Communicators – It is communications skills such as writing, speaking and negotiating that are crucial to a life of success. You can have the greatest ideas and the best laid plans but unless you can communicate them well to others and create and inspire teams to help you achieve your goals then you might as well be pushing against a brick wall. The wealthy are great people persons, that is one of the secrets to their success.

Failure Connoisseurs – No one likes to fail, not the poor and definitely not the wealthy. There are two ways you can react to failure, it can defeat you or it can help you to grow. Failure falls on both the wealthy and the poor but the fundamental difference is that it helps the wealthy to grow whereas it defeats the poor. If you wish to become wealthy then failure is part and parcel of the game. There is no wealthy person in history who has not failed and not lost money, it is part of the process. Failing is not the issue, not learning from failure is a problem.

Responsibility Takers – With great wealth comes great responsibility. The life of the wealthy is not all fun and games, they are responsible for many organisations, investments and most importantly people. The wealthy know that when the chips are down then it falls on their heads, they are there for everything, not just the successes. The wealthy don’t make excuses, try to shirk the blame or overlook their failings. They take responsibility for their actions and decisions, whether they turned out well or not. Taking responsibility and being a person of integrity is vital in becoming the person you need to be in order to be a good steward of money.

To Sum Up

If you currently can’t see yourself as one of these people that share these characteristics then some serious personal work needs to be done. These are the skills one needs to develop in order to become wealthy. It takes time, but the payoff is worth it.

Key Notes

The 7 Key Characteristics of the wealthy are that they Have Low Emotion, Have Immense Boldness, Are Great Salesmen, Are Great Leaders, Have Excellent Communicators, Are Failure Connoisseurs and Take Responsibility

Here’s to your foundation of wealth.

Choose: Master Of Money Or Slave To It

If you want to start on the road to being fantastically wealthy then look out for my new ebook. It launches shortly so here is a sneak preview on the goodiness you can expect. Click on the image for a larger view.

Help Me Out

I give all this advice out for free and so if you like what I write and it help you, please help me out by letting others know. On this site, it has been scientifically proven that by doing so you will become instantly twice as attractive to the opposite sex. Can’t argue with science.

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