1.Skill, not luck.
Wealthy people never have a relationship with money that counts on luck. Being in the right place at the right time is usually a function of hard work, research, and preparation, and only looks like luck from the outside.
2.Control over their own destiny.
By accepting responsibility for the things that happen in their lives, wealthy people are empowered to effect change.
3.Play the game to win.
Successful people don’t go into business with the goal of just making a living or being comfortable – they think big, play to win, and stay committed to those big goals.
4.Focus on opportunities.
Wealthy people place their attention on the best of situations, not dwelling on the obstacles or being negative.
5.Be around people they admire and emulate.
It’s a conscious choice to have friends and peers who are positive and successful, not those who fill their life with negativity or drag them down.
6.Willing to ask.
Across the board, successful people are not afraid to speak up and ask for what they want, whether that’s for a sale, for help, or for something that is good for their business, when it’s appropriate.
7.Want to get paid on results.
People who understand their value never want a base, guaranteed salary, but desire commission or rewards based on the results of their efforts, without ceiling.
8.Have their money work for them.
Wealthy people don’t just trade time and energy for a paycheck, but make sure their money is growing through the principles of leverage, compounding, passive income, etc.
9.Manage emotions.
Those who accomplish big things in business don’t take things personal – they make clear, calculated decisions devoid of fear or emotion.
10.Invest in education.
Success is not an accident - people who are wealthy constantly invest time and money in their personal growth and development, including education.
11.Invest in people.
The rich are also consummate networkers, spending time to develop and maintain relationships with others who can benefit them professionally.
12.It’s not what you make but what you keep.
This is a huge secret of the rich – a big salary does you no good if you are so bogged down with debt, expenses, and taxes that you have nothing left over.
13.Juggle risk and reward.
There are no sure things or quick bucks, just a conscious management of financial risk and reward, with the realization that all outcomes are possible – and therefore should be acceptable.
14.Buy and hold assets.
Wealthy people usually don’t ‘churn and burn’ or focus on quick dollars, but buy strong assets and investment in quality companies that will continue to grow and bear fruit over time.
15.Don’t throw good money after bad.
Like the song says, “You have to know when to hold ‘em, know when to fold ‘em.” Sometimes, the best investment you can make is not to throw more money at a bad investment you already made, but to walk away.
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