3 Tips on How to Think and Act Like the Rich

The Open Secret of Being Rich

Today we will learn the secret of the Rich on why they get richer. We will find out what are must be bear in mind in order to be financially successful.

There is no special in Rich people. They just ordinary people like us but what differs is that they apply the Open Secret of Being Rich.

Financial Intelligence Must be Taken Consideration

The 1st open secret is that they value financial Intelligence. The bad news is that financial intelligence is not being taught in your local school.



The things that are being taught in school is S.A.T. which means Scholastic Aptitude Testing. The School University values intelligence which has something to do with reading, writing and arithmetic.

The other kind of intelligence that the school or rather the university taught is Professional Aptitude Testing which has something to do with profession or job in the market place.

Since the school system does not offer such financial literacy, the effect is that there are many people who are struggling financially. That is why most of them still get to work even in retirement age.

This was secondarily concluded in a case study, One hundred people were given 10,000 unit currency and the result after a year is that, the 80% had not grown the money, 16% were had able to grow the money by a hundred unit currency while only 4% of the sample population had able to double the money for after a year.

It just so happened that the 4 per centum in the case study is also the percentage of the people who belong to richest people in the whole world.

So what is the difference of the four percent to those in the 96 percent?

The four percent had learned the Rules of Game of Money and they learned how to make money. These 4 percent were classified as street smart.

Every earning person has its financial statement which is composed of income and expenses. We also had a balance sheet to monitor so that we may able to see if we are spending in an asset or a liability.

Asset vs Liabilities

Financial Struggle Start when you are confused two finance terms. So before we proceed, let me tell you the meaning of asset.

Asset is something that puts money in your pocket while liability is something that takes money out of your pocket.

The first secret of Rich people is that, they always bear in mind to spend their money on assets - spending money that will generate a profit.

Talking about Cash Flows

The secret number two of the rich people is that they let their money work for them. Rich people understand how money gets in. This is called cash flow.

There are different views of cash flow with respect to the poor, middle class and rich people.

The poor people devote their income directly onto the expenses such as rent , bills, food, transportation, etc. As you can see their money was only devoted to needs. Their income only covers their needs and never on assets.

The Middle Class on the other hand devote their income to their expenses and with liabilities. They buy liabilities such as stuffs, gadgets, appliances, car and house mortgage.

The Rich People spend or invest their money more on assets rather than liabilities and continue the process of allocating their income or profit in to the things that put money in to their pockets.

We see that the second secret of the Rich is to invest on assets and these investments in return will make big return of money.

Focus is the key to Success in your Financial Journey

The secret number three of the Rich , ( which I think very obvious ) is that they mind their own business. They are busy on themselves improving their business and adding value onto themselves. For them, minding other people's business can not lead them to financial success and will just defocus them in the pursue of being financially free.

I hope I had helped and share with you the three secrets that are essential to know and can be used along the way towards financial freedom. Feel free to comment below if you have anything to share about the topic.