Things Wealthy People Know

You may think that rich people have some secret store of knowledge thatenables them to accumulate wealth and that, without this secret knowledge,there’s no way you can realize your financial dreams. The truth is, there arethings wealthy people know — but there’s no secret about it. Most of it iscommon sense, and a lot of it lies in your way of thinking.Here are some of the things wealthy people know — things you need to knowso you can start making your millions:

• Your financial security is in your hands. Wealthy people take charge oftheir finances; they don’t entrust it to anyone else, because they knowthat their financial security isn’t as important to anyone else. They listento advice and ideas from others, but they never give anyone else thepower to make decisions for them.
• Knowledge is power. Wealthy people educate themselves about theirinvestment options. They learn how money works and how to makemore money. They study, ask questions, and investigate. And if theydon’t understand something, they wait to act on it until they do understandit.
• Your money should work for you. Wealthy people think of money as aresource to be cultivated — that is, if you plant your money in the rightplace under the right conditions, it will yield more money. Certainlysome of it is to be spent, but some of it serves as “seed” for future gains.
• Being broke is temporary. This is why you read of people who’ve madefortunes, lost them, and made new ones. Wealthy people know theyhave the desire and the skills to overcome financial challenges, so theydon’t fall into the bad habit of thinking things will never get better.
• Risk can be managed. To make your money work for you, you have totake some risk. But wealthy people aren’t put off by risk; instead, theylearn what needs to be done to keep risk as low as possible. When youhave knowledge in your corner, you have the power to accurately assessrisk and decide whether you want to take it.
• Money should be talked about. Taboos against discussing money onlyadd to the false veil of secrecy drawn over building wealth. You can’tlearn how money works, or how to make it work for you, if you aren’teven willing to talk about it.
• Positive thinking leads to positive actions, yielding positive results.Your attitude influences what you do, and what you do influences whatyou get. Wealthy people know that a positive attitude opens their eyesto possibilities they wouldn’t consider if they had a negative attitude.Possibilities lead wealthy people to investigate, to learn as much as theycan, and then to take action. And their actions lead them to their goals.