14 Stereotypes About The Rich That Can Derail Your Journey To A Millionaire Life

Many people look at millionaires and are curious to know what the secret behind their success is, and what needs to be done to stop counting pennies until their next paycheck. However, if on the one hand today there are practically an infinity of sources out there that preach the habits of the rich to get rich, on the other hand, many of them are nothing more than stereotypes. And that’s what we’re going to talk about in our article today.

We, from incredible.club, we decided to clear up 14 stereotypes behind the habits of the rich that, in fact, are not as simple as we tend to think they are. Check out!

It is believed that the rich consider waking up early as an important condition for success. However, waking up early is far from being an elite habit, being more like an obligation in everyday life for ordinary people. Here, the most important thing is to remember that the productivity of each individual depends on their circadian rhythm. And forcibly getting used to the morning “benefits” is not worth it — this can be harmful to health.

This method has been known for a long time and is widely used by people. But it is one thing to save 10% of an income of 15 thousand reais, and another completely different when we talk about 1,500 reais. In this case, the person will hardly get rich thanks to this approach, in addition to causing a greater impact on their quality of life.

Reading books is not a miracle recipe for wealth. And those who write about how to get rich are often unaware of any magic recipe for increasing income. On the other hand, they definitely end up getting rich themselves at the expense of the people who buy their books.

In fact, the rich almost always play the same sports as everyone else. What sets them apart from ordinary people is the amount of money they invest to meet their needs — they hire a trainer, buy specific clothes and accessories for the physical activity performed, among other things. For example, Kim Kardashian spends 15 thousand dollars for a six-week program with her personal trainer.

We are used to thinking that doing what we love cannot be called work and that working for others will not make us rich. However, nowadays high-income people generally work in financial institutions. Or they occupy important positions in which they can determine their own salary.

There is a belief that it is other people who will bring you money. Communicate with them, arouse their interest, and they will gladly give you money. So, according to this recipe, one should avoid being moody and shy, because it is these individuals who are least likely to get rich.

In fact, in the modern world, it is possible to earn a high salary without having to leave your home. For example, professionals in the field of information technology — which does not require constant face-to-face communication — today earn an average annual salary of $91,250.

Apparently, in order to swim in money, you need to study the biography of millionaires. Understand how they made their way to success, how they got started and how they expanded their income. We tend to think that the rich just squander money and that they have some secret behind their fortune, but in fact, behind their bonanza is an exhausting career of work. Just check out the story of the famous businessman Robert Kiyosaki, who at the beginning of his journey went bankrupt and ended up living in a rented room in the basement of a house.

An academic diploma and a dozen full courses do not give a guarantee that all the knowledge acquired will be useful in practice. Not to mention that many times the rich themselves do not have complete higher education, as they end up prioritizing work and dedication to their businesses. For example, Bill Gates studied for two years at Harvard University, but then dropped out. And the Spanish founder of the Zara brand Amancio Ortega, owner of a fortune of 68 billion dollars, grew up in a poor city and left school at the age of 14 to be able to work and help his family.

There is a belief that you can get rich only if you have at least a few undertakings. But this thinking leaves the main thing out: first you need to become professional and stable in some segment, and only then expand to other areas. Even Elon Musk, CEO of several companies, including electrical distribution companies, automakers and space exploration companies, followed this logic in developing his career to achieve success in his business.

Being an entrepreneur or self-employed doesn’t mean creating a work schedule according to your mood for the day — discipline is always essential. For all. And the thought that the rich only work when they want to is a real myth. A millionaire in the United States works, on average, 59 hours a week. And many even work 70 or 80 hours, and six days a week instead of the usual five.

In fact, 81% of the wealthy make a daily to-do list, and of those 67% do virtually everything noted on the list. In comparison, only 19% of the average person lists their tasks. However, the reality is that most individuals plan their daily activities, giving more importance to the fact than to the content. A list of tasks that are not related to work and personal development will certainly not help to improve financial conditions.

Many take constructive criticism as a chance to improve themselves and the business. Feedback is one of the most powerful influences on learning and achievement, but that influence can be both positive and negative. And it is worth noting that criticism is not always, in fact, constructive.

Over the past 40 years, experts in psychometrics have demonstrated through studies that people cannot objectively assess the professional success or assertiveness of others. So feel free to ignore reviews from ill-wishers around you.

According to researcher Thomas Corley, 67% of the wealthy watch television for just an hour or less a day. At the same time, people spend an average of 2 hours and 22 minutes a day on social media. Therefore, it is better to consider all the distracting factors before talking about wasting time watching television.

Many believe that people who choose to use credit cards and take out loans lack the discipline to control their budget and spending. And that’s exactly why they can’t get rich. But in fact, the crucial factor is how and for what the loan was made. Good credit is one that helps build a long-term source of income (for example, a credit to expand the business). A bad loan is one that can damage your name with financial institutions and drain your income (for example, borrowing to buy material goods, as they depreciate quickly).

What other stereotypes about the everyday habits of the rich do you know? In your opinion, what is the most important characteristic that a person should have on a daily basis to become rich? Tell us in the comments section.