The Difference

Great Book The Difference by Jean Chatzky!

What’s the difference between people struggling financially and those living comfortably?
What’s the difference between people struggling financially and those living comfortably?

These twenty factors make The Difference.

Financial Attitudes and Behaviors

•They feel stocks are worth the risk.

•They devote money to personal savings

•They save regularly for emergencies.

•They have invested for retirement.

•They have reduced outstanding debt.

Goals

•They want to be financially comfortable during their working years.

•They aim to retire comfortably.

•They always knew what they wanted to do (for a career).

•They made it a goal to accumulate $1 million.

•They want to own a home.

Personality

•They are confident.

•They are happy.

•They are optimistic.

•They are competitive.

•They are leaders.

Nonfinancial Behaviors

•They have a college degree.

•They socialize with friends at least once a week.

•They exercise at least two to three times a week.

•They read newspapers regularly.

•They are married.

Wealth Secrets

Can we earn real money after our 50’s, 40’s or less? Can we change our attitudes to wealth?

In How Rich People Think, author Steve Siebold compares the thoughts, habits and philosophies of the middle class to the world class when it comes to wealth. If you follow the beliefs, philosophies, and strategies of the rich and take action, you have a legitimate shot at becoming a millionaire. The secret is not in the mechanics of money, but in the level of thinking that generates it. Once you learn to embrace this, your earning potential is limitless.

The middle class believes formal education is the answer to acquiring wealth, yet very few academics are wealthy. They seek advanced degrees and certifications and are confounded when these things don’t bring them riches.

The middle class trades time for money. The world class trades ideas that solve problems for money.

The poverty class talks about and things of the past; the middle class talks about other people; and the world class talks about ideas.

mind

Ask this critical thinking question:

“At what level of monetary success do I feel most comfortable?

a) poverty class

b) middle class

c) world class.

” Where you feel most comfortable reflects your self-image, and most likely, your current status. If you want to become wealthier, begin by raising your self-image by upgrading the self-talk you use regarding money and finances. If all you do is chase more money, you are simply attacking the effect. The cause is how you think, and if you improve the cause, the effect will take care of itself.

A must read  You Were Born Rich, by Bob Proctor.

Write down the most important goals you want to achieve in the next twelve months in THE CARD THAT KEEPS YOU ON TRACK and make a commitment to concentrate on achieving them.

Champions make decisions based on facts, not feelings. The world class also uses this understanding of truth and fact in their mental programming. The great ones know the conscious mind functions most effectively on fact, while the subconscious can be programmed with truth. Since the subconscious is unable to make the distinction between fact and truth, champions program their subconscious minds to believe their visions, dreams and ideas as truths. Because the subconscious doesn’t have the ability to reject an idea, it accepts it as truth and begins to create behaviors that are congruent with this new “truth.” The conscious mind knows this “truth” is not fact, and tension begins to build between the conscious and subconscious, creating cognitive dissonance. As a result, the two go to work to create congruency. The great ones are not only aware of the difference between truth and fact, but they also know how to use them both to get what they want.