14 LESSONS MILLIONAIRE PARENTS TEACH THEIR CHILDREN

“The only people who tell you that the self-made rich don’t deserve it are people that have never done it. Believe me, by the time you get rich, you’ll be convinced that you’ve earned it.”

Money and opportunity are limitless

Rich people see money as abundant. After all, “If earning money is based on solving problems, and the number of problems is infinite, then your ability to earn money is infinite,” says Siebold.

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“Reject the mass belief that money is a scarce resource. … It’s not. What is scarce are people with solutions that others want to buy, and that’s what you need to master.”

Choose prosperity over entertainment

The rich use their time differently than the average person, says Siebold: “The masses spend their time, while the rich invest in it.

“Spend your time basking in entertainment, and you will struggle your entire life financially. Invest your time creating solutions to people’s problems, and you’ll never lose a minutes sleep worrying about how to pay the mortgage.”

Focus on earning

The quickest way to get rich is to generate multiple revenue streams.

While you want to focus on earning, keep the big picture in mind, too. “Total focus on money might lead you to do anything to get it, so I don’t recommend that approach,” says Siebold. “Instead, decide to match your talents and interests with a problem people will pay you to solve and go to work until you succeed. This formula offers you the fulfillment of doing work you love while profiting from solving other people’s problems.”

Rich people are not always smarter

The masses falsely believe “that rich people are smarter than everyone else,” says Siebold. The truth is, “most of them are no brighter than the average person struggling to make ends meet.”

You don’t have to be a genius to make it big: “Getting rich is less about intellect and more about focusing on the accumulation of wealth.”

Wealth creates freedom

Again, being rich won’t make you happy, says Siebold, but wealth does offer freedom: “Being rich allows you to live anywhere you want, do anything you want, and be anything you want to be.

“Wealth gives you the power to make your own rules, as long as they don’t break any laws or hurt any people. It may not make you any happier, but it will certainly give you the freedom you deserve.”

Tiffany Silva

Tiffany Silva

Writer and Editor

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