“I’m Too Busy” and Other Things Wealthy People Avoid Saying

There are plenty of rich people who were born with a lot of money, but there are others who have worked and scraped their own way to the top.

Regardless of what sort of rich person you’re dealing with, there are some things they’ll never say – and below are 6 items you’ll never hear.

6. “I have money, so why not spend it?”

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A treat here and there is one thing, but careless spending can turn into a bad habit that’s hard to break. Most financial coaches will train their clients to ask whether or not a purchase will really improve their lives before they pull the trigger.

One, Bob Finley of Virtual Asset Management, says “most of my clients don’t splurge on investments. Despite being able to afford first class, most of my clients always fly coach because they know the cost of first class is multiple round trips in coach.”

Just as an example.

5. “Saving and investing are the same.”

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It’s money you’re not actively spending, but aside from that, the two things aren’t alike at all.

Wes Moss, a certified financial planner, explains:

“The wealthy understand that their savings has to be invested in order to have the potential for compound growth. Savers have a fear mentality, stash their money away in the bank, and never really get momentum from their assets. Investors, on the other hand, have their assets invested in areas that over time have produced high single-digit or low double-digit annual returns.”

4. “I’m not good with money.”

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Being “good with money” is a skill, and it can be learned like any other. People who have money don’t like to rely on others to tell them things about their own funds and investments – they like to understand things themselves.

3. “Can I afford it?”

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While it’s true that rich people can afford most things, but the better – and related – question is “is it in the budget?”

If you can pay for it in cash and not take a hit later, ok.

If not, you should probably pass.

2. “I’m too busy.”

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Life is all about priorities, and if an opportunity arises that will help advance your financial goals, you should make time for it.

No questions asked, no chance for opportunities.

1. “It’s all my fault.”

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Lou Haverty, CFA, says that wealthy people tend to describe any shortcomings as temporary issues out of their control, and ascribe successes to their own influence.

“So a bad sales presentation was due to a wrong fit with the audience rather than due to a bad sales pitch. A successful sales presentation was directly due to a well-presented pitch.”

And there’s a reason for it, too.

“Over time this type of positive thinking becomes ingrained in the person’s view of themself and they’re able to more easily bounce back from setbacks and enjoy longer successful streaks.”

The power of positive thinking, y’all.

It’s not like following these will make you rich, but it can’t hurt, right?

Mind over matter and all of that.

The post “I’m Too Busy” and Other Things Wealthy People Avoid Saying appeared first on UberFacts.

“I Don’t Need To Save” and Other Things Rich People Would Never Do

If you’re not part of the 1% of the world that holds the majority of the wealth, then the habits and lives of rich people are probably a bit of a mystery to you.

If you’re curious, though, here are 5 rich people willing to talk about what life looks like from the other side.

5. “I don’t have time for this.”

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Jeremy Larner, entrepreneur and president of JKL Worldwide, acknowledges there is nothing more valuable than his time, but instead of worrying how they will take on one more thing, he says “How does this investment (of time) fit into the pursuit of my goals?”

“When we reorient the question into a more proactive and positive light, the answer to that question is much less convoluted. ‘Does this investment further my financial goals, my peace of mind, or my personal relationships?’ Framing the language around time like it is the worthiest of investments will allow you to clarify in your own mind what is, in fact, worthy of your time and energy.”

4. I can’t handle this problem.

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To achieve financial success, you have to develop the ability to creatively problem solve on your own. Ian Beed, CEO of Markets Nerd, says he always asks himself, “What can I do to solve this problem?”

“This question embodies their internal strength to tackle any problem in front of them and their overall bias toward solving problems.

Answering this question has helped the richest and most successful people I know solve challenging problems and create businesses and products to help many more people.”

3. I think I’m rich enough.

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Rich people are keen on staying that way, which is why they’re always looking for ways to make more money.

They’re smart about investments, they keep their ears to the ground, and they keep pinching pennies where they can.

2. I’m not smart enough.

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A study showed that the average college GPA of American millionaires isn’t a 4.0 – it’s actually a 2.9. James Whitaker, author of Think and Grow Rich: The Legacy, has some thoughts about why.

“Those with exceptional academic performance can evaluate risk too stringently, coming up with dozens of reasons why an idea will not work and refusing to act. However, the most extraordinary achievers spend more time focusing on the opportunity. Obsessed with mission success, they surround themselves with the people who can bring their dream to life and get to work on changing the world.”

1. I don’t need to save money.

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Many wealthy people actually come across as fairly frugal – they have goals as far as saving and investing, which means they live on a budget, same as you and me.

Wealthy people also hit up sales and clip coupons like us regular folk.

I can’t say I’m really surprised, but it sure is interesting, don’t you think?

If you’ve got firsthand knowledge, share some more secrets with us in the comments!

The post “I Don’t Need To Save” and Other Things Rich People Would Never Do appeared first on UberFacts.