If you want to live a successful and fulfilled life, Keith Cameron Smith’s 4 distinctions between millionaires and the middle class are for you!
4 Distinctions Between Millionaires and the Middle Class with Keith Cameron Smith:
We are talking about Keith Cameron Smith’s book ? “The 10 Distinctions Between Millionaires and the Middle Class”. We are focusing on 4 of the distinctions from Keith’s book.
Distinction 10 – Millionaires think long term the middle class think short terms
Society can be broken into 5 groups of people, each thinking very differently about life and the world:
- Very Poor – think day to day/; their primary goal is to survive.
- Poor – week to week; their primary goal is to survive.
- Middle Class – month to month; their primary goal is to be comfortable.
- Rich – year to yea; their primary goal is freedom.
- Very Rich – decade to decade; their primary goal is freedom.
Where do you want to be 5 years from now? How much money do you want to have 10 years from now? Thinking long term gives you more clarity and purpose in your daily actions.
“Patience is an asset in the life of a millionaire, impatience is a liability in the middle class.” – Keith Cameron Smith
How have you been able to develop this mindset? ✅
Practice, you have to practice thinking long-term on a daily and weekly basis. Take time to be quiet and think about where you want to be 5-10 years from now and then create plans on how to get there.
Related Content: How Millionaires Learn, Grow and Achieve More
Distinction 9 – Millionaires talk about ideas and the middle class talks about things and other people.
The power of life and death is in the tongue – this is a deep truth. You can steer your life in the manner that you are speaking. Your thoughts and your words will lead you to your actions, and your thoughts words and actions will create your experiences.
Keith Cameron Smith’s 4 c’s: Consistent choices create circumstance
“The power of your words will create the experiences of your life” ?
What are the differences in the way the different groups of people think?
“Big people talk about ideas; average people talk about things and small people talk about other people” What are you talking about? Remember that, “Your tongue is like the rudder of a ship it determines where you will go.”
Distinction 8 Millionaires embrace change, the middle class are threatened by change.
Most people assume that change is going to be negative, from an entrepreneur or a successful business owners’ point of view change is an opportunity. Even if it is a failure it is bringing a lesson with it.
Distinction 7 Millionaires take calculated risks the middle class is afraid to take risks
3 primary fears: fear of failure, rejection, and loss. All 3 of these things are 3 of life’s greatest teachers. If you fear failure it will keep you from taking risks. “Risk is an opportunity, if you try to take risk out of your life you are taking opportunity out of your life”
Bonus ?: Distinction 1 Millionaires ask themselves empowering questions middle class people ask themselves disempowering questions.
Conditioning for your mind. Instead of asking your self how can I pay all my bills this month, think bigger. Think about how you can double your annual income. Instead of asking how can I deal with my spouse today? Think about what can I do to show my spouse that I love them today? Always ask bigger, better and more questions.
Resources Mentioned in this Episode:
▶ Keith Cameron Smith’s Website: KeithCameronSmith.com
▶ Read the Book: Top 10 Distinctions Between Millionaires and the Middle Class
Which of the 4 distinctions shared in this episode spoke to you the most and why?