I went from raising my 4-year-old brother completely on my own as a 16-year-old teenager to managing over $450M, meeting executives at the top energy company in the world (want to learn my full story…I got a good one). And can say with 100% certainty that the wealthy think and behave differently than the middle-class. But many of them were not born this way and, like us, came from humble beginnings. By the end of this post, you will know the exact 5 Money Skills For Financial Success Of the Wealthy, I learned from them and over a decade of my own experience, and how you can start working on these skills today. You might want to read this until the end because I’m going to make this simple to save you the mistakes and wounds, giving you a faster and less painful path.
1. The Foundation of Financial Success
Clarity. This is the most fundamental and life-changing skill you will ever master. “You must first clearly see a thing in your mind before you can do it.” – Alex J. Morrison.
Imagine driving a car with a very dirty windshield. Would you know where you are going? Sooner or later, you would either come to a complete stop or crash into something. Without clarity, you will feel stuck; with it, you will feel confident and excited about your financial future. Every time I was clear on what I wanted in life, I achieved it—even if it felt out of reach. When I was in college looking for a job, I didn’t know anyone, I spoke broken English, but I was very clear about wanting a job with a top Fortune 500 company, which I got. If I could achieve that in the USA with nothing, you can do way more just by being clear about what you want.
2. The Language of Encoded Money
Did you know that the wealthy have a completely different money language from the middle-class? They focus on learning financial insights and terms because they know money touches every area of our lives. If you learn to speak this language you can make powerful investing decisions and have peace of mind. The wealthy freely speak the language of money, while the middle-class often treats it as a taboo topic.
If you want to learn the money language, my Free 5-Day Money & Investor course is a great place to start. You can sign up below to get access.
Did you ever wonder how wealthy and successful people say the right thing? At the right time, concisely, tactfully, and powerfully? They use strategic communication to build strong relationships with potential investors, business partners, and clients. Wealthy people have great communication skills because they listen attentively. Many people have their mouth wide open, talking too much or interrupting. When you learn to communicate effectively you can get more money. Your career or business will grow fast, and you’ll become a leader people love following.
To improve your communication skills, focus on listening, ask open-ended questions, writing down your thoughts. And be intentional with what you say. Mastering these skills can significantly impact your career and financial success.
4. Networking: The Key to Personal Growth and Success
The single most important factor that determines 95% of your success or failure in life, is the people you associate with. According to a 25-year study by Dr. David McClelland of Harvard. The age-old saying, “your network is your net worth,” is not just a cliché; it’s true.
Who do you spend the most time with? Who are the people you admire? For wealthy people, those groups are often the same. That’s why wealthy people can lose everything and build it back up again even better and bigger than before. They leverage their network.
I learned the hard way that who you spend time with matters. Seek out those who think big and lift you up. And you’ll see how networking genuinely contributes to your personal growth.
5. Mastering Negotiation: Finding Win-Win Outcomes
Did you ever hear this: if someone wins, then someone else has to lose? Wealthy people master negotiation by understanding that the goal is to find a win-win outcome. Our history with money influences our attitude toward negotiation. Many people are afraid to negotiate and end up starting at a lower salary, missing opportunities.
I learned the importance of negotiation the hard way, but taking a negotiation course changed everything for me. Especially in real estate and business. By mastering these negotiation skills, you can increase your earning potential significantly.
Conclusion: Transforming Your Financial Future
By implementing these 5 Money Skills For Financial Success Of the Wealthy, you can transform your financial future. Remember, clarity, understanding the language of money, effective communication, networking, and negotiation are key to achieving financial success. Start working on these skills today, and you’ll be well on your way to a brighter financial future.
