How to Think Like a Rich Person

I have to admit, I like Donald Trump. Sure, he’s arrogant. But his understanding of business and how to make money is phenomenal. He’s truly one of the best.

Here’s the thing; the secret to Trump’s millions is not some magic secret that the rest of us aren’t privy to. He thinks like a rich person. It’s that simple. Thinking like a rich person isn’t really that difficult. Here’s how I see it:

See Opportunity in Everything
The Donald was just on CNN talking about the financial crisis that is occurring around the world right now. Larry King asked for Trump’s advice to the “average American family” in weathering the storm. Without pausing, Trump said “Now is the absolute BEST time to buy a house.” Now, this may seem counterintuitive, in a country that is reposessing more houses than it is selling. But, he is absolutely right. As Trump says, the banks now own all of these houses they don’t want. Now is the time, if you have the means, to get a REALLY good deal on a house. The banks want to offload these places to people who can afford them, and they will do it for cheap, and they will definitely finance you to do it, because they already have the money! 

The point is, when everyone else is talking about what they can’t do financially, rich people are talking about what they CAN do. See beyond the crisis, and find your own opportunities to succeed.

Focus on the Solutions, Not the Problem
The reason Trump is so rich is because he is a really exceptional problem solver. He spends his days meeting with people, talking on the phone, and flying around the world making deals. His job, every day, is to identify problems and then come up with solutions. He thinks, “How am I going to buy this company?” then he reasons, “By selling this this and this”. He thinks, “How am I going to survive this financial crisis?” then he reasons, “By keeping my money in gold and oil.” Problem solving. It’s how real businesses survive long term. It’s how rich people do business. And, it’s how you can really start to succeed. 

Don’t Sweat the Small Stuff
Rich people are rich because they see the whole picture, all the time. They don’t get caught up in details, petty arguments, and they definitely don’t have time for people who waste their time. Sure, they can still be friendly and polite (well, maybe not in Trump’s case :-), but they always have a mission – to do what they need to do to grow their business and turn a profit. And that means staying out of the weeds. How to do that? Delegate. Eliminate unnecessary communications. Delegate. And then delegate some more. 

I’m not professing to be the resident expert on becoming rich. But I do believe that with the right attitude, anyone is capable of achieving whatever success they set out to achieve. That could be wealth, it could be fame and popularity, or it could be to carve out a nice, comfortable existence for you and your family. Whatever your motivation, it’s what you make of the situations that occur in your life (even those that are out of your control) which will ultimately determine the outcome. 

 

 

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2 Responses

  1. I agree with every word. I know The Donald and his hair both have over the top personalities, but you have to admit, he knows what he’s talking about when it comes to business.

    Thanks for the post, you have fantastic insight!

  2. GREAT post.

    To be rich one must think like a rich person — which means one must find out the beliefs and values of that rich person
    because that rich person thinks, feels, acts and take the steps he needs to take as a RESULT of his predominant beliefs and values. Change your beliefs/values and you will change the way you think, what you focus on and the results you attract to yourself.

    Thank you for posting!

    Leo.

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