The ultra-wealthy, how can that possibly be relevant to you?
Stay with me here, there are some excellent lessons you can learn from how the ultra-wealthy have achieved their success and how you can apply these lessons to make your goals a reality.
I’ve read a number of articles this week about the ultra-wealthy. It seems to be a bit of a flavour in the media and spaces that I follow on social media.
The interesting thing has been how there are some common themes about their mindset…
How Are They Different
When it comes to the ultra-wealthy the first thing everyone wants to know is how they are different from you and me…
A simple answer is often that they are not any different from you or me.
But when you dig a little deeper, because that’s what I do, you find there are some key differences.
The one that really sticks out, and could be a little misleading if you don’t interpret it correctly is…
They don’t think the rules apply to them. Of course they don’t you say.
But wait, it’s not about breaking the law, or having everything given to them.
In the case of the ultra-wealthy, if you tell them something can’t be done, or can’t be done a certain way, they see it as a challenge.
The ultra-wealthy will then find a way to make it happen, to get around the conventional thinking…
In other words, they will use innovative thinking to achieve what they were told can’t be done.
So a key to their success is innovative thinking, huh!
Well, how do you apply that to your situation?
Experience suggests that the reason most people aren’t wealthy is that they just do what everyone else does.
To fit in with friends and colleagues you follow the pack, it’s the theory of five concept.
But what if you chose to be different, and chose to be innovative in how you went about your wealth creation?
That innovative thinking doesn’t mean you need to invent something new…
Just look at what you have been doing in the past, acknowledge that maybe it hasn’t worked, and start to think differently.
A lot of wealth creation is the same as it has been for more than 200 years, but that doesn’t mean you can’t be innovative…
How can you become someone to who the rules don’t apply and start using that mindset to achieve your goals?
Why Do The Ultra-Wealthy Keep Working?
I really like the concept of this question…
You have probably thought at some stage about why would someone like Bill Gates keep working, he certainly doesn’t need the money.
And here is the reason I like this concept so much… they like to win!
Ok ok, I can hear some of you saying but I’m not a competitive person, or my wealth is not a competition. I get that, but…
This is about what motivates the ultra-wealthy.
It’s NOT the money. Let that sink in for a moment. It’s NOT the money.
Everyone is competitive in their own way, it’s part of our DNA.
For the ultra-wealthy, it is the pursuit that motivates them, that brings them happiness.
The pursuit of their business goals or their passion, that’s what brings them joy.
The money is a side effect…
This is a massive lesson to learn.
It’s not money that you want, it’s the side effect, the outcome, of pursuing more happiness in your life.
Financial freedom is about having choices and being able to do the things you love more often when you choose.
The ultra-wealthy aren’t motivated by more money, they are motivated by the pursuit of their passion and their dreams.
So how do you apply this to your life?
Well, what are you passionate about? What gets you up in the morning? What would you be doing if money was no object?
Once you can create a clear vision of your answers to these questions, you will have the passion and purpose in you to go after what you want like the ultra-wealthy…
And what has been reinforced to me this week, is that once you find that passion, the money just becomes a by-product of all your effort over time.
Misconceptions of the Ultra-Wealthy
The most common belief I hear about the ultra-wealthy is that they are greedy, or that money has corrupted them.
Sure there are examples of where this is the truth. They made a movie about a classic example, you might have seen it, The Wolf of Wall Street about Julian Belfort.
But the more common truth is that the ultra-wealthy are looking for ways to do something positive with their money.
In short, the ultra-wealthy have a clear goal of giving back. Contribution is another key driver in the pursuit of their goals.
There are many great examples of ultra-wealthy people doing incredible things with their wealth…
Look at Bill Gates, Warren Buffett, Tony Robbins, Oprah, and many more. Here is s a list of the 20 most generous people in the world, it’s a great read if you are looking for confirmation that there are good people in this world.
I really like this quote by Andrew Carnegie from the article:
Pioneering American philanthropist Andrew Carnegie once set the standard for giving back: “No man can become rich without himself enriching others,” he said. “The man who dies rich dies disgraced.”
Again you are asking how this applies to you…
Throughout my years of study in wealth creation, one of the themes that come up regularly is the notion that you can’t be spiritual and pursue wealth at the same time…
Or, you have been brought up to believe that the ultra-wealthy, and even just the wealthy, are greedy.
And guess what, most people don’t want to be labeled greedy or to create conflict with their spiritual beliefs.
But, the fact is, you can have both, and I’m prepared to be abrasive enough to suggest that this notion is just a limiting belief you use not to be wealthy.
Have a look at the list in the above link, these are all different types of people who will have all types of spiritual beliefs and upbringings.
Yet they all have become ultra-wealthy and now they spend most of their time and energy finding ways to help others who are less fortunate than themselves.
There you have it, three powerful lessons you can learn from the ultra-wealthy and apply to your wealth-creation journey today.
Leave me a comment below and let me know your thoughts.