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Originally Posted by The Big D  I think this is pretty common. Most first generation wealthy had to do a lot of scrimping to save up the stake that got them started in business, or trading, or whatever. These stakes are typically 5-6 figures. All the people who failed to do that saving are more or less excluded from the multi-millionaire pool. And yes, I know there are a handful that got wealthy on no-money-down real estate or blogging or something, but they make up so little of the first generation wealthy population as to not really merit discussion. What this means is that these people have almost all been pretty cheap at some point in their lives, and that biases the whole population so that cheapness is actually a common trait overall even long after the need for it is gone.
Now the kids of the wealthy tend to experience plenty of abundance, often in excess of the money available  |
This guy actually had wealthy parents, but I hear what you're saying. It's amusing to me when certain gurus talk about 'abundance mentality' and 'scarcity mindset' etc.
Of all the rich guys I know, very few of them have the positive, 'living in the moment' type personality that gurus talk about. The one commonality that I see is determination/force of will. They will find a way around, under, over or through whatever is in the way of their goal.