Blog post

Financial Advice From The World's Wealthiest

20 January 2017

Is 2017 going to be the year you become smarter with your money? Kick-start a financially prosperous new year with these motivational quotes from the world’s wealthiest.

It is widely said that rich people think differently to the rest of us.  And that mastering your money has a lot more to do with mindset than we think.

So what is it, exactly, that separates the rich from the rest of us? According to self-made millionaire, Steve Siebold, who has interviewed 1,200 of the world’s wealthiest during the past three decades, that answer would be quite a lot. In fact, enough to make a book out of it.

Steve is the author of How Rich People Think, a book that teaches you how rich people think.

 To put it briefly, he said that rich people…

  1. Think selfishness is a virtue.
  2. Follow their passion.
  3. Think about money logically.
  4. Dream of the future.
  5. Favour specific knowledge over formal education.
  6. Have action mentality.
  7. Aim high.
  8. Don’t let money stress them out.
  9. Tell their children how to be rich.
  10. Surround themselves with like-minded people.
  11. Live below their means.
  12. Use other people’s money.
  13. Believe they have to be “someone” rather than do “something”.
  14. Focus on earning.
  15. Would rather be educated than entertained.

These are just some of the key mindsets of the wealthy, according to Steve, that you could adopt today. To help you get in the right mindset with money even more, here are some quotes from the world’s wealthiest to motivate you to financially succeed.

 

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Mark Zuckerberg

Mark Zuckerberg is an American computer programmer, internet entrepreneur and philanthropist, He is the chairman, CEO and co-founder of Facebook, with a net worth estimated to be $50 Billion, ranking him the 5th richest person in the world. CREDIT: venturebeat.com

“The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” Mark Zuckerberg

 

Richard Branson

Richard Branson, one of the most flamboyant – and successful – entrepreneurs in the world, founder of Virgin. CREDIT: Getty Images

"Above all, you want to create something you are proud of. That's always been my philosophy of business. I can honestly say that I have never gone into any business purely to make money. If that is the sole motive, then I believe you are better off doing nothing." Richard Branson

 

Bill Gates

Bill Gates founded the world’s largest software business, Microsoft and subsequently become one of the richest men in the world. CREDIT: britannica.com

“We all need people who will give us feedback. That’s how we improve” Bill Gates

 

Andrew “Twiggy” Forrest

Andrew ‘Twiggy’ Forrest is a West Australian mining billionaire magnate, currently a non-executive chairman and previously the CEO of Fortescue Metals Group (FMG). CREDIT: abc.net.au

"If you can surround yourself with a team of people who share that absolute determination with you, that fundamental belief in the truth of what you are doing, and the use of what they are achieving, then you create a very powerful force.” Andrew “Twiggy” Forrest

 

Elon Musk

Elon Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2. He’s achieved more success by founding X.com, SpacxeX, and Telsa Motors in 2003. CREDIT: businessinsider.com.au

“Physics is a good framework of thinking of ideas. Boil things down to their fundamental truths and reason up from there.” Elon Musk

 

Oprah Winfrey

Oprah Winfrey, dubbed the “Queen of all Media” has been ranked the richest African-American, the greatest black philanthropist in American History, and is currently North America’s first and only multi-billionaire black person. She is considered the most influential woman in the world. CREDIT: gsb.stanford.edu

“How do I define success? Let me tell you, money’s pretty nice. But having a lot of money does not automatically make you a successful person. What you want is money and meaning. You want your work to be meaningful, because meaning is what brings the real richness to your life.” Oprah Winfrey

 

Frank Lowy

Frank Lowy is an Australian-Israeli businessman and Chairman of Westfield Corporation, a global shopping centre company with $29.3 billion of assets. Lowy is ranked as the third richest Australian according to the BRW Rich 200. CREDIT: afr.com

“Money is misunderstood. The fact is if you want to be successful – the money will follow you If you are a doctor, something else will follow you. If you are successful, there is an accompaniment. If your goal is to just make money, you won’t succeed. Money is a commodity to use, not to be dictated by.” Frank Lowy

 

Warren Buffett

Warren Buffett is an American business magnate, investor and philanthropist. He is considered by some to be one of the most successful investors in the world. As of 2016, his net worth has been valued at $74.2 billion, often referred as the “Wizard of Omaha” for his adherence to value investing. CREDIT: huffingtonpost.com

“No matter how great the talents or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.” Warren Buffett

 

Jeff Bezos

Jeff Bezos is an American technology entrepreneur, investor and philanthropist. He is the founder, chairman and CEO of Amazon.com, which became the world’s largest online shopping retailer. He is currently the 2nd richest person in the world, with an estimated net worth of $70.70 billion. CREDIT: geekwire.com

“I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.” Jeff Bezos

 

What did you think of the quotes? Inspired and motivated we hope!

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