Dad of Divas' Reviews: Book Review: How Rich People Think

Friday, August 27, 2010

Book Review: How Rich People Think

About the Book
What separates rich people from the middle class?  Mental toughness expert Steve Siebold says it’s the way people think about money.  In his new book, How Rich People Think, Siebold breaks down 100 differences in thinking between how rich people look at money versus how the middle class looks at money.  The differences are not only numerous - they’re extreme!    

Driven by the fear of loss and uncertainty of the future, Siebold says the masses focus on how to protect and hoard their money – especially during difficult times like these.  The world class, as Siebold calls them, on the other hand, understands the importance of saving and investing, but they direct their mental energy toward accumulating wealth through serving people and solving problems.  They know that the secret to becoming a millionaire isn’t in the mechanics of the money, but in the level of thinking that generates it.  

How Rich People Think isn’t about money.  It’s about thinking.  Each short chapter represents one of the lessons Siebold learned over the past 26 years interviewing some of the richest people in the world.  It’s the raw and uncensored truth about how rich people really think.               

Some differences in thinking between rich people and the middle class when it comes to money that the book outlines:

  • Middle class focuses on saving.  World class focuses on earning. 
  • Middle class believes hard work creates wealth.  World class believes leverage creates wealth.
  • Middle class believes money is earned through labor.  World class believes money is earned through thought.
  • Middle class worries about running out of money.  World class thinks about how to make more money.
  • Middle class operates from a fear based consciousness.  World class operates in a consciousness of abundance and freedom.   
  • Middle class sees money through the eyes of emotion.  World class sees money through the eyes of logic.

In addition, each chapter ends with an action step to help the reader think about money more like rich people do.  The premise: you have to think like a millionaire to become a millionaire.
If anyone knows about getting rich after going through tough times, it’s Siebold.  In 1984, he was completely broke and searching for answers.  What he found was that it’s not intelligence or education that holds back the average person from getting rich.  It’s the middle-class beliefs about money that keeps them struggling to survive in a world of abundance.  Today, he’s a multi-millionaire. 

If you’re rich, Siebold says, keep thinking the way you’re thinking.  If not, maybe it’s time for a change. 

About the Author

Steve Siebold is a former professional athlete and national coach He's spent the past 26 years studying the thought processes, habits, and philosophies of world class performers. Today he helps Fortune 500 companies increase sales through mental toughness training. His clients include Johnson & Johnson, Procter & Gamble and Toyota. He's written four other books on mental toughness, two of which have become business best-sellers with over 130,000 copies in print. His national television show, Mental Toughness with Steve Siebold, won the 2007 Telly Award. In the past 6 months, Steve has been interviewed on the Today Show, Good Morning America, ABC News, The BBC in Europe, NBC Australia, and dozens of others. As a professional speaker, Steve ranks among the top 1% of income earners worldwide. Steve's blog, is currently one of the fastest growing audio/video blogs on the Internet. 

My Take on the Book
This book is short, but to the point and gives you a ton of information to chew on in those 100 short chapters. I enjoyed how each chapter differentiated between how rich people and poor people think. I also enjoyed reading through the suggestions that he gives so that you can move toward the wealth that you always hope for. Much of the book is truly about is changing the way that you think about money and I believe that if you follow his steps, you can move in the right direction financially!
If this book sounds like something you would like in your own library you can find it on Amazon!

All opinions expressed in this review are my own and not influenced in any way by the company.  Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer or provider. Please refer to this site's Terms of Use  for more information. I have been compensated or given a product free of charge, but that does not impact my views or opinions.
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