What do rich people know that we don't?

What do the rich know that we dont?

Ugh, this whole “rich people secrets” thing. It’s annoying. They hoard information, right? Like, seriously, what’s the big deal?

Okay, so time. They value time above all else. Makes sense. My friend Mark, he’s doing well, always stressed about scheduling. He talks about his “time budget” – weird.

Then what? Leveraging networks. Definitely. It’s not just money; it’s who you know. My dentist, super wealthy, constantly networking. Annoying, but effective.

Oh, and calculated risk-taking. Not gambling, you know, but strategic investments. Scary, but that’s how they build empires. Maybe I should invest in something… but what?

This is stupid. I should focus on work.

• Time management is key, not just about being busy.
• Relationships are currency. It’s about connections, access.
• Strategic, calculated risk is everything. Not impulsive!
• They don’t reveal their real strategies. That’s the secret. Duh.

I need coffee. And maybe a lottery ticket. Kidding. Sort of.

Later: Read an article about generational wealth. Wow. That’s a whole other level. It’s mostly inherited, not earned, right? But still, they maintain it. How? I need to look at that more. It’s all about preserving capital, minimizing taxes – boring stuff but important.

What do rich people regret the most?

Ugh, money. So much of it. Family. That’s what they all regret. Seriously, every article I read, it’s the same thing. Missed birthdays, forgotten anniversaries… I read this one crazy story about some tech mogul, name escapes me, who literally regretted every single business trip. He died last year. Sad.

Then there’s health. Duh. Who wouldn’t regret ignoring their health for a bigger paycheck? Burning the candle at both ends? Yeah, that’s a recipe for disaster. Saw a documentary, guy who made a billion, dead at 50 from a heart attack. Crazy, right?

Work-life balance, or lack thereof. This is HUGE. These people, they work themselves to death. They build empires, but what for? Empty mansions, lonely dinners. It’s pathetic. I mean, a yacht doesn’t hug you back.

• Missed childhood moments
• Strained relationships
• Health problems from stress
• Lack of genuine connection

They spend their lives chasing this…this thing, wealth, only to realize it’s all meaningless in the end. What a waste. I’m gonna call my mom later.

Wait, did I lock the door? I need to text Sarah. Anyway, back to billionaires and their regrets… It’s always the same. They’re buying their way out of regrets, but it’s pointless. You can’t buy time. You can’t buy love. You can’t buy health. It’s the intangibles that really matter. Maybe I should start saving more. Or maybe not. Decisions, decisions…

There was this article in Forbes, 2024. Something about regrets of the ultra-wealthy. It mentioned philanthropy, oddly enough. Some felt their charitable giving was performative. Makes sense, right? Like, they feel guilty, trying to buy their way into heaven.

What is the biggest secret of the rich?

Abundance. Of course.

Spend to earn. It’s investment, not just shopping.

Happy money only. Sanity costs extra.

Value dictates income. Simple math, ignored.

Money’s work is better than mine. I prefer gin, actually.

Expanded Thoughts:

• Money: It’s a tool, not a god. My gardener gets that.

• Spending: It’s strategic deployment. Think: real estate, not boats. (though boats can appreciate…sometimes).

• Happiness: Avoid financial stress. Duh. My therapist’s rates are astronomical, I swear.

• Value: Scale matters. Reach more, earn more. It is the only way, sigh.

• Work: Passive income streams. It’s what I preach, I mean, they preach. Dividends from shares held in 2023, not bad.

• Secret: Perhaps, it’s not a secret at all. I can see it now.

• Debt: Managed, not feared. Leverage. It’s a game, really.

• Risk: Calculated, embraced. Fear kills deals. Dad always said that.

• Education: Continuous, costly. I spend on it. Worth it? Debatable.

• Mindset: Wealth is a state of mind. Yeah, right. Tell that to my bank account.

• Network: Connections are everything. Who you know. So true. I know the right people.

• Patience: Compounding takes time. Rome wasn’t built in a day, or so they say.

• Discipline: Delayed gratification. It’s a struggle, I can attest.

• Giving: Philanthropy, tax breaks. Or genuine altruism? Who knows?

• Legacy: Building something that lasts. Maybe. Or maybe just more problems for my kids.

Five secrets? It’s all just common sense. If only everyone had it.

What do millionaires do that others dont?

Millionaires, huh? Right.

• Investing, not hoarding cash, appears fundamental. Is that all there is?

• They embrace calculated risks. Think controlled chaos.

• Budgeting obsessively. Okay. Even for the obscenely wealthy! That is what I do too. Maybe one day.

• Millionaires avoid impulse buys. We all know the feeling… instant regret. I did that last week, darn.

• Networking relentlessly. The art of the schmooze.

• They diversify income streams, right? Multiple gigs! Just like me, almost. I dabble in pottery, does that count?

Seems like discipline and a touch of audacity go a long way. But what do I know? It is never too late.