Friday, May 8, 2009

Part 5 - Millionaires vs the Middle Class

Below is part 5 in my series of Bloggs about “The Top Ten Distinctions Between Millionaires and the Middle Class” by Keith Smith.


Distinction Six - Millionaires continually learn and grow. The middle class thinks learning ended with School.


“Why do you think million-dollar homes have libraries? Is it just a coincidence that million-dollar homes have them and $100,000 homes don’t? I don’t think so.”
Most millionaires read a book, or listen to an audio recording, or attend a seminar every week. Most millionaires have invested well over $100,000 on success education. Most people with a middle class mentality will probably think, “I don’t have that kind of money to spend to learn how to make money.” If you notice it was never said that the money was spent all at one time. “Millionaires continue to invest more and more in knowledge as they make more money. Success is a process. If a percentage of your income is not going towards a financial education, you will stay trapped in the middle class.
You can start with books… Millionaires read and read and read. Books are so inexpensive compared to how much the knowledge they contain is worth. Are you aware you can learn a concept in only a few hours from a book that took someone years to develop? More people than ever are becoming millionaires because they are compressing time and learning financial secrets that took others years to discover. I feel like some of the $20 books I have read were worth $20,000 because of what I learned from them.
Most middle class people stay at the same level of income year after year because their knowledge stays at the same level year after year. One reason for this is because they think learning ended with school. Millionaires are students of life. They continually learn from the circumstances of their lives…
Millionaires focus on personal growth. They believe to have more they must become more. They see growing as one of the main purposes of life. Growth takes time. Be patient with yourself as you gain knowledge. Realize that knowledge is a seed and it takes time for seeds to grow into trees that bear fruit. Every time you read a book you are either planting another seed or watering some that are already in your mind. Millionaires read books about money and how to build better relationships. They read about the power of the mind. They read about the successes and failures of others. Millionaires are serious students of a successful life, not just financial success. They continually look for new ways of thinking and acting that can produce more fulfillment in their lives.
The secret of being a life long learner is to study what you love. One of the biggest differences I have seen between millionaires and the middle class is that millionaires focus on what they enjoy doing. They continually learn more about the subjects that inspire them. The reason millionaires study about every area of life is because they love life.
The middle class thinks millionaires love money too much. In my experience, that is simply not true. What is true, is that millionaires love what they can do for their families and others with their abundance. Millionaires who are greedy and afraid of loosing their money are not truly successful. True success involves peace and contentment. Study success and learn how to make money, but also learn how to be content with where you are while in pursuit of what you want.”

For me personally reading this chapter this week and forwarding the information to you could not have come at a better time. With all that is going on in the economy these days, and being a father to a young family, it seems as if there is less and less time in the day. I have been reading less and less, and listening to less audio CD’s and over all doing less in the way of personal growth. This chapter has inspired me to get back into the habit of keeping a personal growth or motivational CD in my car stereo, and to get back to reading more. Zig Zigler calls his car an “Automobile University”. This really is one of the best places to grow and learn. How much time do you spend in your car every week? What do you think would benefit you more? Listening to music, or personal growth books and seminars on CD?
Below is a list of books and Audio programs I highly recommend that you start your continuing education with.

Books or Audio Books
“The Richest Man In Babylon” by George Clason
“Think and Grow Rich” by Napoleon Hill
“The Millionaire Mind” & “The Millionaire Next Door” Both by Thomas Stanley
“As A Man Thinketh” by James Allen
“The Power of Positive Thinking” by Norman Vincent Peale
“Smart Talk” by Lou Tice
“Built to Last” & “Good to Great” by Jim Collins
“It’s Only a Mountain” by Dick Hoyt

Audio recordings and seminars
“How to Stay Motivated” by Zig Zigler
“Courtship After Marriage” By Zig Zigler
“Raising Positive Kids in a Negative Word” by Zig Zigler
Basically anything by Zig Zigler
“The Power of Ambition” by Jim Rhon
“The Art of Exceptional Living” by Jim Rohn
Basically anything by Jim Rohn

Personal Growth, Business, and Real Estate Coaching Companies
Brian Buffini and Company - http://www.brianbuffini.com/

Here are some quick video clips to give you a little motivation
Zig Zigler – Setting Goals 1 of 3 http://www.youtube.com/watch?v=Ae-VJ_lauCw
Zig Zigler – Setting Goals 2 of 3 http://www.youtube.com/watch?v=kiQV0oTyd98&feature=related
Zig Zigler – Setting Goals 3 of 3 http://www.youtube.com/watch?v=su2UuP3aqZg&feature=related

It's a Good Life!!!
Greg Novak MBA
Branch Manager
Eagle Nationwide Mortgage Company
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