The Wealthy Think Differently

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Wealthy People Think Differently - Ron Nawrocki - Verrado: 1/10/2013

Transcript of The Wealthy Think Differently

Page 1: The Wealthy Think Differently

Wealthy People Think Differently

- Ron Nawrocki - Verrado: 1/10/2013

Page 2: The Wealthy Think Differently

Jan. 10, 2013

Wealthy People Think Differently …

Motivation …“The Rich” should pay more taxes ?!

Another reason not to be rich?

Have you completed & WRITTEN your New Year’s Resolutions yet?Maybe you’ll pick up some more ideas today

Ref: www.WealthDNA.us - SMART Goals

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Wealthy People Think Differently …

Motivation .. “The number one reason most people don't get

what they want is that they don't know what they want.” - T. Harv Eker

Secret psychology of money: “A lack of money is never, ever, ever a problem. A lack of money is merely a symptom of what is going on underneath.” – T. Harv Eker

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Tree Analogy …

Visible (Results)Fruit, FlowersWealth, Health

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Invisible (Causes)RootsSub-conscious

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Wealth Files

Each of us have file folders in our brain - that we review prior to making decisions

I’ll share the 17 that Harv Eker developed based on studying rich people …

Are each of yours supportive of becoming Wealthy?

Do some need updating this year?

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Wealth File #1 - Life …

Rich:I create my lifeThere are no rich victims !

Poor:Life happens to mePlay the role of the victim (doesn't mean

they are)

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Wealth File #1a - Victim …

Rich: Blame: Take responsibility Justify: There are no rich victims Complain: Focus on what's going well - which

expands

Poor: Blame: Find someone/thing to blame (3 fingers) Justify: Rationalize; money's not that important Complain: Focus on what's wrong - which

expands (Life is crappy because they complain!)

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Wealth File #2 - Money Game …

Rich:Play to WinHow? – Play OffenseObjective: Be Wealthy

Poor:Play to not loseHow? – Play DefenseObjective: Just enough to pay the bills;

Be comfortable

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Wealth File #3 - Commitment …

Rich:Committed to being richYou have to be truly committed to risk

your time, your capital, and your effort

Poor:Want to be richFocus on the downside of being rich:

If I make it, I would …

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Wealth File #4 - Think …

Rich:Think bigLaw of Income: You will be paid in

direct proportion to the value you deliver according to the marketplace

Poor:Think small

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Wealth File #5 - Focus …Rich: Opportunity What they want Confident I'll make it work Investing

Poor: Obstacles What they don’t want I hope it works Spending

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Wealth File #6 - View of Rich …

Rich:Admire, model, bless, honor themLearn from, use as role model

Poor:Resent themAs if the rich took all the money and

there's not enough left for them

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Wealth File #7 - Associate with …

Rich:Positive peopleSuccessful people

Poor:Negative peopleUnsuccessful people

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Wealth File #8 - Promotion …

Rich:Willing to promote themselves &

their valuesDon’t find new products &

services, vendors if I’m not open

Poor:Resent promotions & sales pitches

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Wealth File #9 - Problems …

Rich:They are bigger than their problemsThere are no problems - just

opportunities

Poor:Problems are bigger than they areAvoid problems

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Wealth File #10 - Receiving …

Rich:Good receiversWilling to receive what the

world offers (has to be 50-50)

Poor:Poor receivers Feel unworthy, undeserving

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Wealth File #11 – Getting paid …

Rich:Prefer being paid based on resultsGet paid for value createdTake risk

Poor:Prefer being paid for their timeSteady, stable paycheckAfraid of risk

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Wealth File #12 - Options …

Rich:Both (examples …)Assume abundanceFind a way to do/have both

Poor:Either/orAssume scarcityThere's not enough to go around

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Wealth File #13 – Financial Statement …

Rich:Focus on Net Worth (IGA/BSA)Passive income = Savings + Investment

+ Simplification (cost of living)

Poor:Focus on Income (ISA)Especially working income

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Wealth File #14 – Managing Money …

Rich:Manage money wellHave a lot of money – spend littleBuy assets

Poor:Mismanage money wellHave little money – spend a lotBuy expenses

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Wealth File #15 - Working …

Rich:Have their money work hard for themThe harder I work - the luckier I get !

Poor:Work hard for their moneyRich are lucky

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Wealth File #16 - Act …

Rich:Inspite of fearWilling to go outside their comfort zone

Poor:Let fear stop themStay in their comfort zone Avoid acting due to: worry, doubt,

discomfort, inconvenience, risk …

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Wealth File #17 – Learn & Grow …

Rich:Continue to learn and grow"Every master was once a disaster"

Poor:Think they already know

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Wealthy People Think Differently …

References .. “Secrets of the Millionaire Mind” – T. Harv

Eker “The Millionaire Mind” – Thomas J. Stanley,

PhD “The Millionaire Next Door” – Thomas J.

Stanley, PhD & William D. Danko, PhD www.WealthDNA.us – Wealth Desire,

Decision, Dedication

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Contact

Ron Nawrocki (aka The Ronald)B.I.Solutions Corp.Verrado

Tel: 1-623-249-4792

[email protected]@[email protected]

Proven, Profitable, and Positioned for Growth