Women, life, happiness
  • What is the biggest difference between how wealthy and not-so-wealthy people spend their time?

    August 20th, 2010Keryl PesceLife in general, Money

    I'm going to tell you. But not just yet.

    First, I have another question for you. Can you name the five freedoms protected by the First Amendment? Come on. Play along. You'll see the connection in a minute. Stop right here. Do not read on yet. Look away from the screen and see how many you can name.

    How did you do? Did you know that a recent survey of the American people showed that only 1% of the population can name all five? The freedoms granted to us in the First Amendment are freedom of speech, press, religion, assembly and petition.

    What's this got to do with being a Happy Bitch or being wealthy? More than you think. Especially freedom of speech. This one impacts our lives big time, in two ways.

    1 – What we are permitted to freely say.

    2 – What others are permitted to say that we can choose to listen to.

    Which begs two questions. How are you choosing to exercise your right to free speech – what are you choosing talking about? (ok, I packed two in one) Here's the second question. What are you choosing to listen to that others are saying?

    Why am I asking?

    Here comes one of the biggest distinctions between people who are wealthy and those who are not. Now, don't go getting your panties in a bunch defending your financial status. This is as a general rule. You're going to find this pretty interesting.

    What do many people lacking money spend their time talking about? Other people.

    What do many middle class people spend their time talking about? Things – material possessions.

    What do many wealthy people spend their time talking about? Ideas.

    Take a mental inventory of the people in your life and see if for the most part, this is true.

    Understand, I'm not here to tell anyone how to live (OK, maybe a little) but only from the perspective of offering what insight I can for you to live happier. You may have no desire to change your financial status. You may be quite happy exactly where you are and that's perfect.

    I find, however, that most people I speak to want more money than they currently have. Well, guess what? That means what you have been doing isn't working as well as you'd like. So rather than waiting for a windfall, which may or may not come, how about start practicing some healthier and wealthier habits? Namely, leveraging your right to free speech in a way that serves you well. Both in the topics you choose to talk about and the conversations of others you choose to listen to.

    First, don't waste your time ditching other people. It does nothing for you. You may feel a temporary boost of superiority by pointing out how others are screw ups and how they can better live their lives, but all it does is undermine your own character. And trust me, even those in your presence at the time who may engage with you, will walk away knowing you are someone who talks negatively about others. You just showed them what you are about. Stop doing it.

    You want nice things? Me too. Do I talk about what I have or want? Yes. I do. But it's not the main topic of conversation for me.

    You want to head down the quickest and most lucrative path to wealth? Quit bitching about what's wrong, what's annoying or what's a problem and start brainstorming how you can solve or improve a challenge or issue. Solve someone else's problem. If you help enough other people get what they want, you'll never run out of money. People will go out of their way to give their money to you. What a great way to get rich - improving the lives of others.

    Now, that's just half the equation. That's all about what you are choosing to spend your time talking about.

    Here's the other half. Who are you listening to? Namely, what are you watching on TV? I could have titled this post "How reality TV is bankrupting America." There are more so-called reality TV shows on air right now than ever. And what is the common thread amongst virtually all of them? We sit on our ass and get sucked in to the drama in the lives of other people. Am I right? We're mesmerized by the selfish and immature behavior and problems of other people. That's programming my friend. That's part of your mental diet. And it ain't gonna make your wallet fat.

    Then what do we do? Go to work the next morning and what? Talk about it. Ugh!

    Freedom of speech is a right we ought to exercise intelligently. Choose carefully what you spend the majority of your time talking about and listening to. You'll be very surprised by what changes you'll notice.

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1 responses to “What is the biggest difference between how wealthy and not-so-wealthy people spend their time?” RSS icon

  • Rich or poor is a state of mind.

    Wealthy people don’t have time to gossip, they are too busy trying to be productive. They spend more time listening and thinking (ideas)than talking.

    Smart wealthy people spend on quality not quantity. Unless you have vast amounts of disposable income, spending on that which is disposable is wasteful. Think recycle!

    There is an old Chinese proverb, “It is not he/she who has the most that is the richest, but he/she who needs the least.”

    My family was literally “dirt poor” when my Great Great Great Great Grandfather (Thomas Holland)won 500 acres in the Georgia land lottery of 1827 for his service in the American Revolution. He was listed as an “Orderly at General Hospital”. Many generations lived lean, still do, and family still occupies much of that land today, and then some.

    I personally feel that maintaining our intellectual property is as vital to success as maintaining our real estate. Keep listening and keep learning!

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