Review: How Rich People Think by Steve Siebold
Here are a few of the chapter titles:
- Middle class focuses on saving. World class focuses on earning.
- Middle class operates from a fear based consciousness. World class operates in a consciousness of abundance and freedom.
- Middle class believes money is earned through labor. World class believes money is earned through thought.
As you can see, these are all plausible. While I’m not a fan of these types of books, as they’re not really actionable, I thought that his ideas were very good. There is a fundamental difference in the way the wealth think about money and how the rest of us do. When you have millions of dollars in the bank, you can afford to take risks, focus on leveraging your wealth, and “think” differently about money. When you don’t, the calculus is different. The problem is getting from one group to the next and I don’t think this book addresses that transition.
Overall, it’s a good book if you enjoy philosophical personal finance books. Siebold is a good writer who gets his points out quickly and doesn’t waste your time filling the book up with fluff.
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