Have you ever wondered why rich people seem to get richer easily while those in the poverty cycle seem destined to be stuck there forever? The reason is simple. You need to think and act like a rich person first before you can really be rich. Let’s take a look at some of the characteristics of rich people.

1. No limited self belief

Rich people believe they are destined to be rich and there is nothing that can stop them from achieving that financial freedom goal. They will do whatever necessary to reach their goals including doing things that they dislike or taking on tasks that seem impossible to complete.

2. Recognize the importance of time

Rich people also recognize that time is their most important asset and a very scarce resource. They do not waste their precious time sitting in front of a TV watching soap operas or other entertainment programs like “Survivors.” They also know how to use the power of leverage to achieve maximum results with minimum efforts.

3. Seek out other people of higher social status

Many poor people only network with other people that are of the same status as them. They do not actively seek out other people who are wealthier. The rich people will do the opposite. They want to network and learn from others who are better and wealthier.

4. Expense as investment

To many poor people, the best way to manage money is to use less of it. However, rich people have a different viewpoint. To them, many expenses can be viewed as investments. By spending a certain amount of their money to acquire an asset or skill, they know they will get back what they spent in the future.

5. Strong self-confidence

Many rich people exhibit a high level of self-confidence that is often contagious. They are optimists and maintain a positive outlook at all times. Their confidence is not easily shaken by external factors.

6. Good money habits

While saving is a good virtue and habit, many rich people feel that it is not the best way to grow your money. Rich people will put a significant portion of their wealth in some kind of investment vehicles that give them a better ROI than a normal saving account. They also do not spend their money aimlessly buying things that have no real value such as lottery tickets.

7. Philanthropy

Many rich people are also great philanthropists. They frequently make charitable donations intended to increase human well being. A great example is Bill Gates who set up his own charitable foundation aimed at providing lifesaving health care products for the poorest part of the world.

Most rich people did not become wealthy overnight. They faced many setbacks and challenges to get to where they are today. To them, setbacks and challenges provide valuable lessons that help them find the way to great wealth as well as strengthen their ability to faced adversities in life.

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  Posted By tyna     Jun 21, 2008         

19 Comments

• At 2008.06.22 00:11, Jacob@Marketing Prophets said:

  Thanks for the feature and love the comment plugins… they are the next download for me

  [Reply]
• At 2008.06.22 00:49, tyna said:

  Thanks Jacob,the pleasure is mine.

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• At 2008.06.22 09:21, Tom Sawyer said:

  I agree with most of what you are saying, but can you define what you would consider “poor people?”

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• At 2008.06.22 17:57, Allan said:

  Hi,

  I liked your blog, interesting read. Would you like to trade links?

  My blog is http://www.allanhenning.com - it’s basically about making money online, seo, techy stuff.

  If you want to trade just let me know what Title you want and the URL.

  Thanks

  Allan

  Allans last blog post..Prosper.com - But Will I Prosper Too?

  [Reply]
• At 2008.06.23 04:11, beibee said:

  good post!

  but will someone agree with me that
  most of the rich today started out poor?

  can we, therefore, say these seven characteristics
  attributed to the rich are latent in the poor?

  beibees last blog post..DIARY OF A BOOK…III

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• At 2008.06.23 04:28, tyna said:

  I agree with you but two sisters or brothers with the same upbring,same education can have different mentality.One decides to be part of the problem while the other brother or sister decides to be part of the solution.The rich and poor in this post is not mainly based on money but one’s attitude and mind set.You don’t need money to believe in yourself,neither do you have to be rich to be on time for an appointment,you don’t have to be rich to give to others and so on.It is all about your mind and attitude.

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• At 2008.06.23 04:39, beibee said:

  very well put sister.

  i was going to ask what is meant by the rich
  and the poor in the context of your post;
  i find your reply very instructive and challenging.

  thanks for your usual willingness to share!

  beibees last blog post..DIARY OF A BOOK…III

  [Reply]
• At 2008.06.23 04:45, tyna said:

  You are welcomed,ask any question apart from hating to type i don’t have problem answering any type of questions.If you want a full sermon then call me on phone.

  [Reply]
• At 2008.06.23 04:49, tyna said:

  Tom i answered your question below.check it and let me know what you think.

  [Reply]
• At 2008.06.25 10:15, Guitar Hero Aerosmith Cheats said:

  I feel I have a pretty good amount of those characteristics. And I also know im going to be rich some day.

  [Reply]
• At 2008.06.25 10:22, tyna said:

  Congrats to our future billionaire.

  [Reply]
• At 2008.06.25 11:51, beibee said:

  yeah…good to have those features;
  we shall celebrate with you…just send
  out the invitation in advance- cheats.

  beibees last blog post..THE VIRGIN’S NARROW PATH…concluded

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• At 2008.06.27 11:05, Bradford said:

  Nice post, but I’ll be honest in that the thing that REALLY drew me into reading it was the photo. Seriously Tyna, you have a gift.

  Bradfords last blog post..CPanel Domain Definitions

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• At 2008.06.27 21:18, tyna said:

  Bradford,thanks for the compliments.Maybe i should scan and post some of drawings/paintings to know what you guys think.

  [Reply]
• At 2008.06.28 03:01, beibee said:

  sure…let’s see.

  beibees last blog post..KALASHNIKOV KILLS KITH AND KIN

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• At 2008.07.07 08:29, Ahmad Mukoshy said:

  What a great post, I really love this post and I have bookmarked it!
  Its worth reading and revising.

  Keep the good work Tyna.

  Ahmad Mukoshys last blog post..How to Maximize your Potentiality and Attain Success in No Time

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• At 2008.07.07 10:57, tyna said:

  Ahmad thanks for the compliments,I am glad you like this post.

  [Reply]
• At 2008.07.31 20:47, Simp.list.tic Zen said:

  I loved all your tips. They are very powerful, especially number one. It
  took me years to get rid of my on self limiting beliefs.

  They can pull you don super fast if we don’t keep an eye on them.

  Namaste Ohm

  Simp.list.tic Zens last blog post..Sunshine On A Rainy Day

  [Reply]
• At 2008.08.19 13:25, Chetan said:

  So BILL GATES have all these characteristics ? now i think i should start behaving like this

  Chetans last blog post..Speed up Your computer start time, use Hibernation

  [Reply]