How Rich People Think [Paperback]

Steve Siebold (Author)

Book Description

Publication Date: July 1, 2010

This book will teach you how rich people think. It compares the thoughts, habits and philosophies of the middle class to the world class when it comes to wealth. The differences are as extreme as they are numerous. The strategy is simple: learn how rich people think, copy them, take action and get rich. This book hits hard and never lets up. It's based on a quarter century of interviews with millionaires. It's written in unfiltered, politically incorrect language that makes the point crystal clear and easy to follow. The hundreds of millionaires interviewed for this book had nothing to gain by sharing their secrets, nor any interest in sugar-coating their advice. These people gave me unprecedented access to their lifestyle and playgrounds; from Palm Beach to Aspen. I was searching for the raw, uncensored truth about how rich people think, and they agreed to share it with me on the promise that their names never be published and their remarks never made public. I've mixed their wisdom with my words, and the result is a book so brutally honest it will shock some and inspire others. If you've ever dreamed of living a life most people only see in movies, study this book like a scientist. Freedom from financial worries and a millionaire's lifestyle is closer than you think.

Editorial Reviews

About the Author

Steve Siebold is a former professional athlete and national coach He's spent the past 26 years studying the thought processes, habits, and philosophies of world class performers. Today he helps Fortune 500 companies increase sales through mental toughness training. His clients include Johnson & Johnson, Procter & Gamble and Toyota. He's written four other books on mental toughness, two of which have become business best-sellers with over 130,000 copies in print. His national television show, Mental Toughness with Steve Siebold, won the 2007 Telly Award. In the past 6 months, Steve has been interviewed on the Today Show, Good Morning America, ABC News, The BBC in Europe, NBC Australia, and dozens of others. As a professional speaker, Steve ranks among the top 1% of income earners worldwide. Steve's blog, MentalToughnessBlog.com is currently one of the fastest growing audio/video blogs on the Internet.

Product Details

• Paperback: 224 pages
• Publisher: London House Press (July 1, 2010)
• Language: English
• ISBN-10: 0975500341
• ISBN-13: 978-0975500347
• Product Dimensions: 7.9 x 5.1 x 0.6 inches
• Shipping Weight: 10.4 ounces (View shipping rates and policies)
• Average Customer Review: 3.6 out of 5 stars  See all reviews (26 customer reviews)
• Amazon Best Sellers Rank: #132,650 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

32 of 32 people found the following review helpful:

5.0 out of 5 stars Siebold Delivers Again!, July 30, 2010

By 

Jay Herring "The Truth About Cruise Ships... (Dallas, Texas) - See all my reviews

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This review is from: How Rich People Think (Paperback)

This book has 100 short chapters each with a key difference in thinking between the poor and the rich. He says that the majority of self-made wealthy people think differently than the masses, and that's why they're wealthy. Some of the content is similar to his 177 Mental Toughest Secrets book (which is also top-notch), but How Rich People Think is still packed with unique content, much of which I'd never heard of or considered.

Now when I listen to conversations, and observe the actions of others, I think to myself "That was world class" or "That was middle class." I can see referring back to the text regularly to keep the suggestions and thought processes fresh in my mind and though I can't speak from experience, I can see how adopting the thinking patterns described in this book could have a drastic impact on your net worth.

Definitely worth checking this one out!

39 of 44 people found the following review helpful:

3.0 out of 5 stars Recycling old material, October 5, 2010

By 

George Sichelstiel - See all my reviews
(REAL NAME)   

This review is from: How Rich People Think (Paperback)

First I must confess that I am in my career Twilight Years. Much of Steven's advice and insight have been learned along the way to starting and selling three businesses. The Pros. If you are starting out in your quest to be successful and rich, this book offers many good examples on how to improve your thinking about how the very financially successful people think. The 100 tips could easily have been condensed to 50. The content does match the title. Now the Cons. One of the reasons I enjoyed Good to Great by Jim Collins is that he provided 'specific' examples, and stories, of how to building a great company. He also mentioned people by name. In Rich People Think all we get, '...in my 26 years working with CEO's and top executives'. I wanted to hear their story and Steven's specific experiences. My second point is an underlying distain for the middle class. Many people in the middle class do not resent the rich, have positive attitudes about money, are happy, successful and have everything they need. Their 'life balance' is just different. If it wasn't for the middle class buying my products and services, I would not have be able to achieve the financial wealth I did. If you are working for someone else, are restless and under 35, this book is for you. If you have started your own entrepreneur business, pick up a copy from the public library and read what you already know.

10 of 10 people found the following review helpful:

3.0 out of 5 stars More Like An Introduction to a Concept Without Providing Details., December 2, 2010

By 

James R. Holland "Author of Boston's Notable ... (Boston, MA) - See all my reviews
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This review is from: How Rich People Think (Kindle Edition)

This book wasn't what I expected. I had no idea what it was about until I
actually received it in the mail, and when I saw the cover I was afraid it might be another one of those business books on how to be a super salesperson. Over my various careers I've found most of those lectures to be a total waste of valuable time. If the techniques worked as well as they claim they wouldn't be wasting their time sharing their business secrets.
Fortunately, this one was not about super sales techniques. It was a straightforward motivational book. It was written by a "child tennis prodigy who on the National Junior Tennis Tour from 1971 to 1982." He won 57 singles and doubles titles. The book author later played NCAA Division l Tennis. "He played professionally for two years and was ranked among the top 500 players in the world. After his retirement he became a top coach to junior tennis players specializing in Mental Toughness Training."
Most of his previous books refer to his "Mental Toughness Training." He is also a very successful keynote speaker on that philosophy.
This volume "isn't about money. It's about thinking. Each short chapter represents one of the lessons I've learned over the past 26 interviewing some of the richest people in the world. Every chapter compares the `middle class' and `world class.'" Mr. Siebold makes his living lecturing on how the average person (members of the masses) is different than the world-class thinkers who become rich.
The book is composed of 100 short, two-page chapters totaling 206 pages plus about 20 additional reading lists and advertisements for his motivational products. These chapters mostly examine a single difference between the way the author says the rich think and how the non-rich view the same thing.
The chapter headings are like an outline. "Middle class thinks about money in linear terms...World class thinks about money in non-linear terms...; Middle class believes that money is the root of all evil...World class believes poverty is the root of all evil...; Middle class believes the road to riches is paved with formal education...World class believes the road to riches is paved with specific knowledge...; Middle class believes rich people are workaholics...World class knows millionaires have lot of fun...; Middle class believes ambition is a sin...; World class believes ambition is a virtue...etc, etc." The list of chapter headings is like a speaker's outline notes of what he plans to cover in his speech.
Most readers will find many of these chapters redundant. And the book seems to lack even a single example of just what the author means when he states, "World-class thinkers direct their mental energy toward accumulating wealth through serving people and solving problems." That's the same philosophy that this reviewer learned in his church, but it was better defined there. Everyone wants to accumulate wealth through providing people with a valuable service or product or solving humanity's problems.
This reviewer measures all books about millionaires on a mental yardstick that compares them. The best book this reviewer ever found on how to become a millionaire was The Millionaire Next Door by Thomas J. Stanley and William D. Danko. I liked what it said and the insights it provided well enough to give away nearly 100 copies of it to my family and friends over the years. That book provides real, concrete insights into what makes a millionaire tick, who they are and how they made their money doing everyday things that most people can copy in the wonderful Capitalistic System America enjoys. Alas, this book doesn't.
This is a motivational book that explains how important it is to think outside the box and avoid the many traps and false myths discouraging and preventing the masses from even trying to become a millionaire. It also pops many of the myths that disparage people who make a fortune. The author points out that these people make their fortunes by "serving people and solving problems" over and over and over again. Okay, just what does the author mean by that expression? This volume seems almost like the first volume in a set of books or first half of a larger book that provides considerably more examples as is done in the above-mentioned The Millionaire Next Door. This is an introduction. It appears that the reader is going to have to buy additional books or attend some of the author's motivational lectures and workshops to get further, more detailed explanations.
Otherwise the book is a fine introduction to thinking more like "rich people" than the average members of the masses do. Each chapter also provides other useful books on the secrets of building great wealth. It only takes a couple of hours to completely read the book and its easy reading. This reviewer read it over two days while riding an exercise bike at the gym for a couple of hours.
It would have been a nice touch if the author had mentioned that a million dollars really isn't all that much money in today's world of inflation. That's why most people don't know that many of their local, hardworking neighbors are already millionaires. This reviewer sees neighborhood billionaires every morning in the local Starbucks, Dunkin Donuts and local greasy spoon cafes and most people wouldn't even recognize them. When traveling around without bodyguards, these rich folks are just like the rest of us.