Wealthy Mindset Series #1

"Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars."- Warren Buffet

My daughter found a video blog that she thought would be of interest to me, and she was right. As a wealthy person now, (as defined by being in the top 1% of Americans by net worth) who was actually a broke person 20 years ago, I saw and adopted the attitudes that the wealthy had. I noticed similarities between what I discovered and what the author of the blog saw regarding how the wealthy think that is different from the majority.

These new attitudes saved me, and it feels like there are too many attitude differences to fit into one email.

So, I have created a series of articles and will cover just a few of these attitudes in each. So watch for the next article in the series, and in each I will cover at least two key attitudes that separate the wealthy from the majority.

In this email I will cover:

  1. The wealthy are willing to ask for help and/or hire help.
  2. The wealthy put a value on their time and know they cannot buy more of that.

These two attitudes are intertwined. You and I have a limited amount of time on this planet, and we cannot be sure how much of it we have left. If I earn $400 per hour working with clients, and I spend 30 minutes cleaning a toilet, that means it cost me $200 to clean the toilet. For $100 I can hire someone to clean my whole house and all the toilets. It makes no sense for me to do any cleaning in my house.

It makes more sense to me to hire someone who can build a website than for me to spend the time to learn how to do it. My time is better utilized doing what I do best, and that is not learning technology. My assistant is a wiz at social media and I let her post things on Twizzler or Instagrief for me.

Since I cannot buy more time, it makes sense to ask for help, or hire someone that saves me time, or has the expertise that I lack. I can always make more money, but I cannot make more time, except by buying someone else’s time.

In the next article we will discuss money terms like interest versus earnings and who you hang around with.

To your prosperity,