About act like you are rich

[Precious]

I've read this quote in many forums, and books ( "Act like you where rich in order to become rich." ) - Recently I've taken a closer look at what rich people do, and I realized that I don't like what they do.For example .. they waste their nights in clubs, and sleep all day.Waste their time at coffees and all kind of drinks.They are depended of their cars and walk only with cars.

Now about me ... I like to discover new things, to read, to be informed, to know a lot of things, and if I want this I have to read books, news, practice things, etc.And I like to do things that now waste my time.

Now I want to become rich, but not that kind of rich ...

1.What you suggest me ?
2.Can someone explain me why if you act like a rich man you will become one ? Because if you take a closer look you'll see that in order to act like a rich man you will need to spend like a rich man.

Thanks ...

[Dating Specialist]

Originally Posted by Precious

I've read this quote in many forums, and books ( "Act like you where rich in order to become rich." ) - Recently I've taken a closer look at what rich people do, and I realized that I don't like what they do.For example .. they waste their nights in clubs, and sleep all day.Waste their time at coffees and all kind of drinks.They are depended of their cars and walk only with cars.

Now about me ... I like to discover new things, to read, to be informed, to know a lot of things, and if I want this I have to read books, news, practice things, etc.And I like to do things that now waste my time.

Now I want to become rich, but not that kind of rich ...

1.What you suggest me ?
2.Can someone explain me why if you act like a rich man you will become one ? Because if you take a closer look you'll see that in order to act like a rich man you will need to spend like a rich man.

Thanks ...

Hi Precious

Now which rich man did you "model" or attempted to model after? Maybe you've hit on those rich spoilt brats instead of self-made millionnaires?

I believe the latter has got lots to learn from.

Now acting like a rich doesn't just only means spending like one. How about thinking like one? How do the rich think? Then from there, how do they act?

You don't have to blow your head off by spending more than you earn, but what's their mindset when it comes to buying stuff? To them time is probably more expensive than money. So they may just spend $100 more if it means saving an hour of their time?

I've realised that the value of time vs money seems to quite interesting when you compare the rich vs the non-rich. While the former feels that time is money, the latter feels that time is free, so if they can use time to save money they'll do it!

[TheColonel]

I think you're focusing on Paris Hilton and various trust-fund sucklers who were handed money and squander it.

Try focusing on Conrad Hilton, the guy who built the wealth. Look beyond the silly people that the media is focused on. Look for the 'creators' of the wealth - not the 'spenders' of the wealth.

[ferociousgoals]

Maybe try focusing on what YOU would be like if you were rich. I will never care that much about nice clothes, shoes, or cars. But! I know if I was rich, I would buy books new instead of used, I would always shop at the more expensive organic market, and I would see movies at night instead of during the day. Think about the person you would be, not what others are (unless you want to be them!).

[dgorila1]

Read "The Millionaire Next Door" book. Very good read that explains the many, many "hidden" millionaires and how they got rich. Everyone above is right...the Paris Hiltons and other hollywood types in the media are not the norm. Read this book....it is very well researched and will open your eyes and give you allot of direction. Check your local library or go to www.gettextbooks.com to find the lowest price.

[Dani]

Little things make the difference.

Stop chasing sales and bargains. If they come, great, but don't base your shopping around them. Base it around getting quality for money.
- sets your mind looking for the best you can afford

Start dressing better

Take more care of your appearance

The above two will make you -feel- better about yourself and feel more successful.

I have been making over my image in the last few months. I found a new reasonably priced jacket, tie pin, cuff links, rings, tie etc. I started wearing them at work even though they don't mind us coming a little casual. I took more care of my hair, started working out again.

Everyone in the office noticed and started telling me how good I looked, how I looked like 'a high powered executive' (literal quote). Most importantly, even the department head and the company president noticed and both of them have started talking to me, whereas before they didn't even really notice me.

Little changes in behavior make a difference also.

Stop saying 'I can't' and start saying 'how can I?'.

Look for ways to add value to everything you do. The more value you add, the more you will get rewarded.

[RT Wolf]

Another vote for The Millionaire Next Door.

[Chrome]

John T. Reed has a sensible shopping list for the rich on his site. He outlines the differences between the "new rich", who have recently acquired wealth, and those with "old money." It's definitely worth a read in my opinion.

[escapee]

I have never seen a filty rich person never involve in real estate investment, business or value stock investment but i have seen many ordinary folks suffer bankruptcy as a result of overspending through credits (to act rich when they are not )

[J1234]

Originally Posted by Precious

Recently I've taken a closer look at what rich people do, and I realized that I don't like what they do.For example .. they waste their nights in clubs, and sleep all day.Waste their time at coffees and all kind of drinks.They are depended of their cars and walk only with cars.

Thanks ...

What makes you believe that all of those people are rich? A large part of me believes that those people are living paycheck to paycheck no matter how much they earn . . . or will be before long. I don't know if any of us can gage how rich someone is or isn't until we've balanced their checkbooks and settled their expense accounts.

[PMcDonald]

Originally Posted by Dani

Little things make the difference.

Stop chasing sales and bargains. If they come, great, but don't base your shopping around them. Base it around getting quality for money.
- sets your mind looking for the best you can afford

Start dressing better

Take more care of your appearance

The above two will make you -feel- better about yourself and feel more successful.

I have been making over my image in the last few months. I found a new reasonably priced jacket, tie pin, cuff links, rings, tie etc. I started wearing them at work even though they don't mind us coming a little casual. I took more care of my hair, started working out again.

Everyone in the office noticed and started telling me how good I looked, how I looked like 'a high powered executive' (literal quote). Most importantly, even the department head and the company president noticed and both of them have started talking to me, whereas before they didn't even really notice me.

Little changes in behavior make a difference also.

Stop saying 'I can't' and start saying 'how can I?'.

Look for ways to add value to everything you do. The more value you add, the more you will get rewarded.

Awesome suggestions. I would add one more:

For anybody who copies music or movies or downloads music for nothing I would recommend stopping that behavior ASAP. By doing so you are focusing on lack and not abundance.

The only reason I mention it is because that sort of thing is rampant in our society and I used to be THAT guy...

[searstower]

Precious...

J1234 is right, the 'rich people' you described are more likely thousand-aires who want to look like millionaires. I've met a lot of multimillionaires in person over the last year (at least 10-15 of them) including a cousin of mine. It's often hard to tell the real millionaires out of the crowd. They are not usually the big party people, but they do seem to know how to control a crowd very well.

When you talk with real, self made millionaires, you'll notice that they think about certain things differently than the average population. For instance, if you tell a self-made millionaire that time is money, he'll laugh in your face. The only people who think time is money are the ones that trade an hour of their time for a set amount of money.

Self-made millionaires realize that an hour of their time can be worth $5,000 dollars, or it can be worth zippo depending on how they spend their time.

So if you want to act like a millionaire so that you can become one, first figure out how real millionaires act. Here are a few other lessons I've picked up (much thanks to my street-smart millionaire cousin).

-Rich people are bigger than their problems. You will never hear a real self-made millionaire complaining.
-Rich people don't play the blame game. When something goes wrong, they don't spend valuable time arguing about who screwed up, first they fix the problem.
-Rich people prefer to be paid based on their results, rather than on the time they spend on a project.
-Rich people focus on their net income, not on their earned income. In middle class america, the most common question to ask a new acquantance is "What do you do" (which gives the asker an idea how much they earn). In upper class circles, no one cares what you do. Instead they ask "What are you invested in?"
-Rich people see other very rich people and they admire them and want to learn from them (whereas poor people often dislike rich people because the rich have something that they want)

A great book in my opinion is Secrets of the Millionaire Mind, by T. Harv Eker. 2/3s of the book is full of the differences between rich people's thought patterns and poor people's.

I'd highly recommend any of his courses as well, since that is where I've met most of the millionaires I currently know. (If it's good enough for millionaires to attend, it should be good enough for us, right?)

Rebecca

[J1234]

. . . from other people's definition of wealthy.

Other people's definition of wealthy-
1) in 2007 having $1,000,000 or more in the form of cash, securities, property or other tangible assets
2) belonging to a certain upper percentile of net worth gatherers and/or income earners
3) ability to own and high likelihood of owning an abundance of non-durable and highly sought after property

My definition of wealthy-
1) the ability to live abundantly on your current net worth or income no matter how little that may be
2) the ability to create and sustain (sometimes for generations) a stable lifestyle impervious to huge setbacks such as natural disaster, major sickness, accidents, social upheaval, mean/dumb people etc.
3) the ability to use your resources to create increasing opportunities for social mobility, self-sufficiency and autonomy for both yourself and your family

. . . My definition requires harder math and greater observation. A lot of would be wealthy people aren't wealthy at all, and a lot of people who seem like they're at the bottom of the food chain are some of the wealthiest people on the planet. How do you all define wealthy?

[Dani]

Originally Posted by PMcDonald

Awesome suggestions. I would add one more:

For anybody who copies music or movies or downloads music for nothing I would recommend stopping that behavior ASAP. By doing so you are focusing on lack and not abundance.

The only reason I mention it is because that sort of thing is rampant in our society and I used to be THAT guy...

I think we think alike buddy. I did exactly that several months back when I finally grasped the essence of value's effect on your life. I Threw out all my downloaded music, games etc.

I kept a few programs that I use to play with, I don't extract real value forom these maybe an hour a year. But anything I use seriously or on a day to day basis, I ensure I pay for to return the value that I have been given. Even if it is donating for sharewear and freeware.

Also, I ditch every scrap of change I have every time I go past a charity box in the convenience stores. I have handed over $15 at a time. I figure if I must desperately cling to my change, I can't be very wealthy. So I give it away every chance I get.

[munish]

Originally Posted by Dani

Little things make the difference.

Stop chasing sales and bargains. If they come, great, but don't base your shopping around them. Base it around getting quality for money.
- sets your mind looking for the best you can afford

Start dressing better

Take more care of your appearance

The above two will make you -feel- better about yourself and feel more successful.

I have been making over my image in the last few months. I found a new reasonably priced jacket, tie pin, cuff links, rings, tie etc. I started wearing them at work even though they don't mind us coming a little casual. I took more care of my hair, started working out again.

Everyone in the office noticed and started telling me how good I looked, how I looked like 'a high powered executive' (literal quote). Most importantly, even the department head and the company president noticed and both of them have started talking to me, whereas before they didn't even really notice me.

Little changes in behavior make a difference also.

Stop saying 'I can't' and start saying 'how can I?'.

Look for ways to add value to everything you do. The more value you add, the more you will get rewarded.

Has someone read this Why corporate America should drop its dress code and exchange business suits for comfortable clothing

i feel
Too many cooks spoil the broth.

[Dani]

Originally Posted by munish

Has someone read this Why corporate America should drop its dress code and exchange business suits for comfortable clothing

i feel
Too many cooks spoil the broth.

Interesting article. not sure I buy all of it though.

I do not feel one ounce successful when I am in my tshirt and trackies. Which is what the point of the post was about. I do however feel like a million bucks when I am in my suit done up to the nines.

My results improved when I changed my appearance, not depreciated.

As for too many cooks spoiling the broth. I probably didn't point out that I go for very non standard colours in my suits and shirts. That makes me a lot less the same than when I was in the casual gear.

But to counter point the article a bit -

A jumper covers just as much of your torso as a suit does, and even a t-shirt covers almost all your major chakra points too. You sure he isn't just trying to find a reason to hate wearing suits?

The people he cites as looking 'old'... News flash.. They are all over 50. They should look the way they do, in fact they looka lot better than most 50 year olds I know. I can show you a bucket load of poor people in trackies who look older than them and are 10 or 20 years younger. They look a -heck- of a lot younger than my parents who are the same age and don't wear suits.

If he pointed at some 30 something millionaires who looked 50 I would be more inclined to buy into it, instead of saying "Look at these 50 year olds! They look old!"

Taking off a suit doesn't magically reduce stress levels. Working in line with your purpose does, regardless of what you wear.

I can also show you a bunch of poor people in trackies who are just as obsessed about money as any corporate executive. The only difference is they don't have it.

Bill gates gave more to charity last year than at a guess at least 50% of the rest of America combined. So the cold heart idea doesn't cut it either.

Sure you can say the poor guys don't have the money to give, but can you tell me if Bill divided that same money up and gave it to every other person in the country, that they would immediately turn around and give it away? No way. They would buy another doughnut, install cable tv or a get new car using the the money on themselves.

Where is the cold heart? The man who needs one more doughnut or the one who provides relief to several thousand suffering aids patients in Africa?

I do agree however that the same old same old suits suck. But that is a reflection of the masses being unable to take a risk, not a reflection of the suit. I wear bright, out of the ordinary suits that suit my personality, every bit as unique as my casual wear. It's the same as blaming SUV's for the greenhouse. Except simulacrum Suits and SUVs don't buy themselves. People do. (oops I sound like the NRA now) I find my off the wall designs and colours easily enough.

What I do know for a fact however, is that when I wear my casual gear I feel lazy and slack, when I wear my suit I feel motivated, professional and ambitious. I know which one I want to be.

p.s. a bit snakey, but when quoting, can you cut the quote to only the bit you are referring to, it's a hassle to work what you are referring to.

[escapee]

Bill gates gave more to charity last year than at a guess at least 50% of the rest of America combined. So the cold heart idea doesn't cut it either.

Ha Warren buffett did a little better by giving 85% of Berkshire stock to five foundations

Because the value of Buffett's gifts are tied to a future, unknowable price of Berkshire, there is no way to put a total dollar value on them. But the number of shares earmarked to be given have a huge value today: $37 billion.

That alone would be the largest philanthropic gift in history. And if Buffett is right in thinking that Berkshire's price will trend upward, the eventual amount given could far exceed that figure.

[Dani]

Damn those selfish, cold hearted, suit wearing rich guys.

He could have bought at least 15 billion doughnuts. Possibly even some with cream!!!

Required reading for this thread should be this lovely book by Randy Gage. When I read that I had all my ideas on rich and poor gutted in front of my eyes.

After spending a couple of hours rocking back and forth in the shower clawing at my own skin while I recovered from the trauma of having some of my cherished, and yet I now realise mostly unconcious, beliefs so soundly and totally thrashed I realised how much those beliefs had impacted my life in the past and the present and how much they held me back.

So many beliefs I had that I thought were benign and harmless were in fact devouring my success faster than Takeru can eat a box full of bovine grey matter.

The upside though is that my life has shot through the roof since reading it.

[munish]

Dani,

This(Dress code) is Mike's opinion.He could be right though.

[Dani]

He could be wrong too.

[joshbickford]

I've never met a rich person that acted like a fool. I don't hang around the lucky sperm club though either.

[Liara Covert]

My idea of wealthy is closer to ideas described by J1234.
For me, wealth begins as a state of mind;

1) its recognizing I'm fortunate wherever I am and sharing what I can
2) its appreciating people and feeling appreciated in return.
3) its sacrificing myself not because I think it makes me a better person, but because there's not enough for everyone and I can opt to go without
4) its focusing on my strengths and inviting opportunities, events and people into my life that continue to teach me useful things
5) its choosing to nurture meaningful relationships in my life and to develop emotional intelligence
6) its creating value in the lives of others which comes back in varied forms
7) its having the freedom and faculties that permit creative self-expression

[John07]

I just came back from my accountant, and its interesting you spoke about the state of mind. I shared with him the free report I got, well it turned him around. A must read. Share it people.
http://www.selfimageimprovement.com/...♥♥♥♥♥♥♥♥♥♥.pdf

[webwhiting]

Hello,

There is another book I found interesting "Reallionaire".

Infodocktor

[VacMan]

I agree, Millionaire Next Door is a great book to help understand having money, and spending money.

Granted you can do both. But just because someone is spending it, does not mean that they have more than you, or anyone else.

[charlottecharade]

In my opinion, I don't think one should act like they're rich if they're not. It's like, would you rather look rich or be rich?

My dad also brought up a valuable point. Wealth isn't measured by how much you have, it's how much you save. Granted, a person's net wealth is a ballpark to work with, but it depends in how much you invest, save, and spend. He brought up the obvious, investing in real estate because it generally goes up.

Maybe this was a little off topic but I think they are valid points, yes?

[Ninja]

I think there are different ways of acting 'rich'. There's "Paris Hilton" rich, which is basically just buying pink stuff for your dog, getting drunk and parteeeeh!!! And there's millionaire mommy nextdoor rich, which is living frugally, but not be afraid to spend your money in wise investments. If you are afraid of losing money and cling to every penny, you'll never be able to make it work for you.

[Enoch Tan]

The difference between the rich and the poor is not in how much money they have, but in the way they talk, the way they act and the way they think. The way you think is what you create in your inner world. The way you talk and act is what you express in your outer world. If you want to be fully wealthy, you must be fully congruent in your thoughts, speech and actions. Half congruence results in half wealth. Poor people communicate lack in every way while rich people communicate abundance in every way.

Your actions either create subconscious impressions of wealth or poverty. By choosing to buy the best and quality products for yourself, you are saying that you are worth it, that you are the best. Your subconscious mind will pick up this impressions from your actions and create conditions in your life that resonate with that state of mind. To manifest wealth, you must begin with living as though you are already wealthy. It doesn’t mean you overspend, but you simply spend in a way that makes you truly happy.

[TheIronStar]

Originally Posted by Precious

I've read this quote in many forums, and books ( "Act like you where rich in order to become rich." ) - Recently I've taken a closer look at what rich people do, and I realized that I don't like what they do.For example .. they waste their nights in clubs, and sleep all day.Waste their time at coffees and all kind of drinks.They are depended of their cars and walk only with cars.

Now about me ... I like to discover new things, to read, to be informed, to know a lot of things, and if I want this I have to read books, news, practice things, etc.And I like to do things that now waste my time.

Now I want to become rich, but not that kind of rich ...

1.What you suggest me ?
2.Can someone explain me why if you act like a rich man you will become one ? Because if you take a closer look you'll see that in order to act like a rich man you will need to spend like a rich man.

Thanks ...

It really depends on what your definition of rich is, and what your assumptions are about the ways of life commonly associated with wealth.

The rest about acting like one is rich really is little more than "The Secret"-esque pop psychology IMO. Certainly one wouldn't find it in one's interest to perform acts of discretionary spending on the scale of someone who is rich if one doesn't oneself have such resources.

Perhaps a better question to ask would be "What behaviors associated with rich people can be of benefit to me when emulated?".