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How Rich People Think Paperback – July 1, 2010
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About the Author
- Publisher : London House Press (July 1, 2010)
- Language : English
- Paperback : 224 pages
- ISBN-10 : 0975500341
- ISBN-13 : 978-0975500347
- Item Weight : 8.5 ounces
- Dimensions : 5.25 x 0.51 x 8 inches
- Best Sellers Rank: #119,251 in Books (See Top 100 in Books)
- Customer Reviews:
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This book is a series of 100 page-long essays describing how rich people think differently than everyone else.
The crux of the book is that rich people are no different than anyone else - no smarter, more talented, or desirous of money. They simply have a set of beliefs that's different, those beliefs create different thoughts, which create different actions, which lead to wealth.
A few of the beliefs that rich people hold are: equating money with thought and problem-solving and not time/effort; believing that it's good to want to be rich; money isn't evil, it just brings out people's true natures; rich people are confident and expect to succeed.
He recommends finding rich people, hanging out with them, and interviewing them to take on their beliefs.
~~Things I liked~~
The book is written in a very repetitive format, which I appreciated, as it really drove his points home.
Siebold never cites quotes, or stats. Though the book is based on numerous interviews, it reads like an aggressive dad giving an endless lecture to his kids. It's a pretty hard-hitting book, and if you let yourself buy into his argument, it is quite inspiring.
It's written in a way that really had me believe that I too could be rich. That it's possible! It also sparked my entrepreneurial spirit.
He did a great job of breaking apart so many commonly held beliefs people hold towards money that simply aren't useful beliefs to have.
It's very much written by a white, male, dude. This book includes no nuance around the ways that our laws, culture, and history create difficulty for marginalized demographics to succeed.
The book is super pro-capitalist. Which I'm not opposed to - just know what you're getting into.
Siebold is often saying something like: "It sucks that this is how life works, but this is how life works! so might as well play the system and just get rich." I can appreciate that point - though I feel like a more soulful approach would also empower people to want to change a faulty system, instead of just excel in it.
It's a verrrrry action-oriented, strategic, brainy, forceful approach. Siebold is a former athlete, and it does feel like it's written by a football coach. I appreciate this viewpoint, but I also recognize that life just as often calls for receptivity, softness, faith, and grace.
At the end, he gives the advice to travel the world so that you'll have more in common with rich people so you can expand your network with rich people. This isn't bad advice. But it's so....lacking soul! I've done a fair amount of traveling myself - and it's one of the most beautiful ways to explore life. To see different cultures, hear different languages, taste new foods, and get your perception of reality blasted open. Traveling is so inherently valuable. So it's weird to just make it purely a means to an end. I feel like much of the book has that tone.
Despite my gripes, the book is very effective at what it is trying to deliver. I am leaving it feeling very inspired, opened up to possibility, and with tons of ideas on how to approach my career and finances differently.
Siebold doesn't give the whole picture, but he gives a really valuable viewpoint that could probably help a ton of people get out of stuckness.
Hope this helps!
Best of all it has helped our marriage and my wife to not just understand me more but for me to understand her more. My whole life I've rejected middle-class thinking and wanted to think at a higher plane. My wife thought I was irresponsible, lazy, a fool, a dreamer, with a head like a sieve, She was chained to her middle class upbringing and really never questioned what she was taught - that the highest virtue in life was to work hard. She constantly brags about her 60 - 70 hour work week - it's a badge of honor. Heaven awaits her with a big pat on the back. If a person does not have their nose to the grindstone they are probably going to hell. I exaggerate but this is all she was ever taught! I can't condemn her! I have to understand and forgive. And as she understands the way I think she will stop condemning me.
Moreover now that she witnessed me step out, hire a product engineer, take a small chance to build a prototype of a simple I thought up, her world is being rocked. I raised almost $200K through friends who bet on me. And I did not "slave away" at anything. Next year we will make more money in 12 months than both of us made in our lives. Even if the product is a flop I would rather take this chance than to chicken out then find myself in a nursing home muttering about some long past opportunity I didn't take.
What made this journey finally worthy is I went from thinking I would do something big, make a lot of jing, and buy expensive toys, and travel well. Deep down I knew this was not a worthy goal. That's a douchebag goal. I realized getting rich is not the end goal. All the good we can do with our wealth is. Help others, yes, but teach others even better! The toys are just a by product. Wealth is a stepping stone to be a force for good.
This book will be required reading for our kids. I do not want to see them be slaves no matter how highly paid college might help them be.
You have to get this book.