Tuesday, February 09, 2010

Top 10 Distinctions Between Millionaires and the Middle Class

I recently read The Top 10 Distinctions Between Millionaires and the Middle Class by Keith Cameron Smith.

The book is so bang on I could have written most of it myself. It espouses many of the same principles that I've said repeatedly on this blog.

One of the distinctions is Millionaires think long term. I've blogged about the value of long term thinking in my Secrets of Self Discipline post.

Millionaires embraces change and of course I've often said that change is opportunity and one of my mantras is change change change, embrace change, welcome change, make change, create change.

Millionaires take calculated risks. One of my favorite sayings is Fail Often. Fail Fast. Fail Cheap. Clearly I wouldn't be an entrepreneur if I didn't take risks.

Millionaires are constant learners. One of my repeated refrains is I love to learn and I am a constant learner.

Millionaires ask themselves empowering questions. I've longed believed that there is great power in the questions we ask.

The book is fast, easy to read and highly recommended for anyone who is trying to get on the right track.

The book inspired me to write the How To Become a Millionaire - 8 Truths article on ezine.com on how to become a millionaire and although I used most of his ideas, I added or modified some.

I also read some of his other books. From those books, I can see that he is a good person (the only reason for saying that is I believe the pursuit of money itself is a very hollow goal and anyone who simply pursues that will not be successful, they have to be a fundamental good person)

His other books include:
The Top 10 Distinctions Between Entrepreneurs and Employees
The Top 10 Distinctions Between Winners and Whiners
The Top 10 Distinctions Between Dream Fulfillers and Dream Killers
The Top 10 Distinctions Between Relationship and Religion

All of the books are short, easy, fast reads and similar in style to John C. Maxwell and as you can see by the titles, they're all along a similar theme.

Changing topics, interesting brand value article at Tech Crunch.


At 12:00 PM, Blogger Stephen said...

Love the distinctions you are writing about here. Fail cheap and often is a good one for me to see. Also, embracing change as a constant, and living on the edge of discomfort is a good mantra to learn from.

At 6:36 PM, Anonymous Dean Zatkowsky said...

Most of the wealthy people I know treat money not as an objective, but as a tool. They are frugal without being cheap - happy to invest but loathe to spend.

At 9:10 PM, Anonymous J.D. Meier said...

I agree -- it's leading with your "why", not "what" that creates the context of whatever you pursuit.

At 8:44 PM, Blogger GPS to GO said...

I've fwd this onto my Business Coach & my ret'd millionaire pal from Kiwanis who confirmed that this was right on the money -so to speak - I'm reading Ron Joyces ( founder Tim Hortons ) & in it I see some of these good lessons


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