Michael Thompson - Think Rich to Get Rich: A Guide to Transforming Your Mind and Making Money

ISBN: 9781483552699

Table of Contents

Introduction

You do not need to be rich to think rich, but you need to think rich to get rich.

Becoming rich is a choice; the difference between desiring riches and achieving riches starts with the mind. The way you think affects the way you act. Once you train yourself to think like a rich person, your actions can follow.

I want people to look deeply within themselves and examine the beliefs and values that are subconsciously holding them back. Most people believe that becoming rich is not possible for them, so they do not even try. Different people think in different ways: the poor think like the poor, the middle class think like the middle class, and the rich think like the rich. Most of us are socialized to think like the middle class, and its this way of thinking that prevents us from becoming rich. If we do not change the way we think, we will never become rich. The middle class think like everyone else, and that is why they achieve the same results as everyone else. The rich, on the other hand, have their own way of thinking this brings about different (richer) outcomes.

My goal is to get people to stop thinking like the middle class, and to start thinking like rich people. We literally need to unlearn all of the middle class assumptions that weve been following, and then adopt rich assumptions. The middle class do not think they can get rich, so they do not try. The rich know they must get rich, and so they work at it until they succeed. This difference is everything.

To be rich, you must be able to think rich. This worked for me, and I have seen it work for others. We cannot begin a transformation in our lives until we change the way we think - we cannot become rich by employing poor- or middle class thinking. If we continue to do things the same way, we will not get different results. The reason the rich act differently with money is because they think differently about money they understand it in their own way, a rich way. We must learn how the rich think so that we can do as the rich do.

When I graduated from university, I thought I was educated, but I knew absolutely nothing about how money worked. I knew I wanted to get rich, but I didnt have a clue how to go about it, nor did I really understand what it meant to be rich. After university, I read a book on real estate investing that changed my life forever because it was the first time I began to learn how money actually worked, and how the rich related to money. Reading that book was the beginning of my financial education. I began challenging the assumptions I had about money, and the transformation of my mind began. This actually brought calm to my life because I felt that I was in much more control. I did not have any money, nor did I know exactly how I was going to come to have money, but through starting to understand how money worked, I felt much more confident that I would be able to move in the direction of being rich. It would be some time before I would make any money through my entrepreneurial endeavours, but thats because I first needed to learn. Once I learned to think rich, those thoughts manifested into my reality. Ten years after reading that first real estate book, I am rich. I do not have millions of dollars in the bank, but I have enough passive income to cover my expenses. Thus, I am free to live my life on my terms. I do work, but I do not trade my time for money; instead, I work for results, mainly those that develop additional streams of passive income.

Most people do not want to be told that their thoughts and assumptions are holding them back. Most people do not want to be told that the way they think is wrong. I can usually tell pretty quickly who wants to learn and who does not simply based on the words they choose to use. Words are a reflection of how one thinks. This is important because as you embark on your journey of transformation, you will encounter no shortage of people who want to get in your way they want to tell you that you are wrong. Just remember that you are not average, so do not compare yourself to average people. You need to hold yourself to a higher standard. Becoming rich is simple, but it is not easy, so it is important to stay focused and not let the negativity of others stand in your way. Being rich is a choice, and you can do it.

With that in mind, this short book is for the people who want to change their lives so that they can live it on their terms. I wrote it for the people who no longer want to be someone elses employee. I know nothing about how to get the perfect job because I have never wanted a job. I wrote it for the people who want to harness their inner entrepreneurial spirit and unlock the door to an enlightened future full of freedom and prosperity a future that allows every individual to live a life of purpose and self-actualization. Many people will tell you that what you seek to do is impossible and that you should just not try, but those are people who are guided by fear. Middle class people choose their actions based on fear; the rich choose their actions based on a desire for freedom and there is a huge difference. If you resolve to learn how to think rich, your life will never be the same.

We become rich when we build or acquire assets that bring in passive income without us having to trade our time for it. When we have more than enough income to cover our expenses, we become free, and thus we become rich. This book is not specifically about what strategies one can use to become rich, it is about the mindset required to successfully execute any of these strategies. There are many ways to become rich such as starting an online business, a service-based business, or investing in real estate, but to be able to see those types of opportunities we need to stop allowing our entrenched assumptions and beliefs about how money works from getting in our way. This book is just the start. After reading it, you will need to do a lot more specific learning pertaining to the strategy you choose. As you continue on your journey of becoming rich, keep in mind the lessons of this book they will provide the foundation for the life you will soon be living.

Time is Not Money

What does it even mean to be rich? The middle class think that to be rich is to have money, but the rich know better they know that to be rich means having time. It does not matter how much money you make or how much money you have in the bank; if you do not have time, you are not truly rich. If you subscribe to the belief that to be rich is to have money, then you will spend your whole life chasing money, and you will never be fulfilled which of course is not what we want to aspire to.

What about being rich is it that appeals to most people? As much fun as nice toys and big houses are, the true benefit of being rich is freedom freedom to do what we want when we want. Nice cars and nice houses might play a supporting role in this freedom, but these material things are not what directly fulfill us. This might seem obvious, but only those who think rich truly know this to be true. We live in a society in which most people think success means getting a good job, working way too hard for way too long, and then retiring to a comfortable end. These people dedicate most of their best years to some job that probably does not fulfill their true purpose. People are fearful and thus resign themselves to life of unfulfilling work - they figure that is just what they need to do. Its a plan that usually leaves them in a pretty mediocre financial situation. There is a better option becoming free now and living a fulfilling life of prosperity. This option is a choice we just need to make it.