How to Be Rich - 5 Things Rich People Do That The Poor Do Not | Money Monday

► Free Money Monday Cheat Sheet: https://goo.gl/NkSiZQ ► Join The Refusing to Settle Mastermind https://goo.gl/wsNnwu why is it that lottery winners can win millions, follow them up years later and 70% are bankrupt (National Endowment for Financial Education). How come pro athletes get $30M — just to declare bankruptcy 12 months after they stop playing? It’s the MINDSET - the strategies they don’t know. Makes the top 1% rich. Here are 5 of them. 1. WEALTH THERMOSTAT: Financial IQ FALSE BELIEF: “Rich inherited the wealth” - 80 of the worlds wealthiest, only 11 did. Other 69 built it over years and strategies. They knew these 4 things I’ll share. secrets of the millionaire mind Raise your thermostat to do these things: False beliefs about money 2. MAKE MONEY WORK FOR THEM: The poor and middle-class work for money - The rich make money work for them. Compress time to get wealth 3. GET RICH LONG TERM: The poor go after get rich quick schemes - The rich are patient 85% of surveyed high-net individuals (over $3M investable) said BEST returns and majority of wealth came form LONG TERM investments. Stocks + Bonds (89% preferred this approach) Comments: “I hate the idea of waiting 30 years to get rich.” That's the exact same mindset that leads you to invest in stupid friend’s business idea and going broke. smart way: Do both! Do the slow route… just in case we’re not as smart as we think in 20’s. What do you have to lose? You’ll be guaranteeing you succeed! 4. HATE FEES LIKE THE PLAGUE The poor think fees are so small they don’t matter - The rich know that fees can make or break a portfolio’s profitability. 5. STAY ON TRACK TO GETTING RICH:  The poor are frantic when change happens - The rich stay the course story of unshakable in 2008 crash. Hedge fund manager. One line email to clients saying sky is falling — “Stay the course”. LOTS of people couldn’t take it, pulled out money. LOST HUGE. but how much did you lose if stayed the course? ZERO. POOR PEOPLE: 44% people say never invest in stock market because it’s “Too risky” (60% were millennials… YOU WATCHING THIS) RICH PEOPLE: The PAST does NOT equal the future. Look at past 100 years, not past 10 years. ► Free Money Monday Cheat Sheet: https://goo.gl/NkSiZQ stop settling start living clark YOU MAY ALSO LIKE: Money Monday Series ► https://goo.gl/7mMxgL The BEST OF Series ► https://goo.gl/5Spvy6 Journaling Series ► https://goo.gl/e6j6H6 How to Get Rich Series ► https://goo.gl/Q7wbc5 SOCIAL: Twitter ► @clarkdangerous Facebook ► /clarkdangerous Instagram ► @refusingtosettle Instagram ► @clarkdangerous MY COURSES: MyBestJournal 2.0 ► http://mybestjournal.com Video Breakthrough Academy ► https://www.myvideobreakthrough.com MY FAVORITE GEAR: (affiliate links) Camera 1 ► http://amzn.to/2AEGHUA Camera 2 ► http://amzn.to/2AFPyW8 Lighting ► http://amzn.to/2zDquyH Computer ► http://amzn.to/2hv4FwB Music ► https://goo.gl/OoPgFA TubeBuddy ► https://www.tubebuddy.com/clarkkegley Journal ► http://amzn.to/2huhU0O The App I used to save $11,000 in 6 Months without noticing ► https://goo.gl/FRuXC4 (get $5 FREE when you download/use that link) Note: Please always check with a professional before making any moves with your money. These videos are for educational purposes only. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Go out there and crush this! clark