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Wealth Is 80% Psychology

Updated on November 13, 2017

The psychology of the millionaire mind

Why is it that some people have become financially free and within a short time span? Perhaps even within a few short months! While many others have not managed or simply failed to change their situation? The answer may surprise you!

Financial freedom is influenced more by Psychology than technology. I would say that 80% is based on psychology while the remaining 20% is influenced by technology.

This 80/20 ratio also applies in sports. Among the best in a sport, while another is not. The technical differences are usually minimal, but the differences in psychology are immense.

The best sport athletes have a certain belief, image, internal dialogue and behavior set in their mind, usually resulting in a better outcome – who do win! Sport athletes with a lower ranking have a different model set in their mind and therefore, the outcome will be certainly different.

Is it the mind that makes you a winner or loser, rich or poor?

Please do not get me wrong, I understand that many find themselves in difficult financial circumstances. But this is not about whether your situation is difficult - and only you can possibly understand. It is about how the mind can adapt to certain ideas, patterns, images and false beliefs, which can indeed make it difficult to escape unless, you are aware of how it all works!

The mind of the rich operates differently from that of the poor. A study on the mind of millionaires was conducted a few years ago. They wanted to understand whether there were differences in psychology that led to differences in behavior. In fact, if the 80% of the rich who are first generation, i.e. was born poor, that means that those who have become rich while building on the same basis had a different way of thinking than most who have not changed their financial situation.

The study concluded with these findings on the psychology of the rich:
• Rich accept total responsibility for their actions and their life
• The rich know that wealth is a State of mind which goes beyond money
• The rich know that financial freedom is the result of a replicable model
• The rich know the importance of "peer group" and attend among people that can reinforce and support their behaviors and their belief.

The first point is key. If in your life you find yourself blaming others for what happens to you, and blaming the responsibility on others for your financial situation, then your strategy and behaviour will not bring you towards wealth.

But as many will say – "if I am out of work because the company where I was working had to close then how can it be my responsibility for what happened?" It is your responsibility !

It is you and only you that has the responsibility of your income and your wealth. If you've put yourself in a condition of having only one source of income: your salary! then you've managed to put yourself in risky situation.

Today there is no "secure job" it is better to understand this and act accordingly

And, as far as how qualified you are and how good you are at your job, if you have skills that today's market does not reward, then there is no need to get upset and blame it on globalization or unfair competition or with the boss, because it's you and you alone that will have to take the responsibility for developing those skills that today's market will pay for.

Create your financial freedom by learning to create tasks or systems that generate income for you.

You'll See It When You Believe It.

As Dr. Wayne W. Dyer in his book (You'll See It When You Believe It) explains; In your life you'll only see what you believe. If for example you believe in scarcity ( if you believe you have limited resources) and speak constantly of it, you will then find lots of it in your life. The same would be true if you believe in abundance, and always speak of it. You would then find your life filled with abundance.

There are many experiments that deminstrate that the mind cannot perceive what actually exists. Therefore, right before our very eyes, our ideas and beliefs make us blind.

Or vice versa, thus allowing us to see things that at first we were unable to perceive, even if they were standing before our very own eyes. Oliver Wendell Holmes once said, A man's mind, once it has been expanded to accept a new idea or new belief, never regains its original dimensions." The mind, our thoughts, will never go back to its original idea!

The idea of financial freedom is something that definitely broadens our mind, but it requires to be filled with new thoughts, new beliefs, new images, new words.

For anything to exist in the world, already exists in the mind of its creator. This also happens to apply to financial freedom. You have to believe it before you achieve it.

The technical parts are useful but only contribute to 20% of the results. The remaining 80% are your thoughts, what you observe and your spoken words.

Hope you succeed in anything you set your mind too!

But let us also not forget that Love is the real key to success...

Feel Free To Comment

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    • ginjill ashberry profile image

      Ashley TKL 

      5 years ago

      After you wrote this hub, it was only this year that I became aware of it's effect. Thank you even when I was belatedly aware.

    • profile image


      7 years ago

      Yes Psychology play a grea role in success than tranning. I got many and new ideas. Thankyou!!!

    • Jangaplanet profile imageAUTHOR

      A James Di Rodi 

      8 years ago

      Hi maxoxam41, It is hard to answer your question, but I'll try: If we ever understand success at the level of conventional wisdom, I think we will always receive the results that conventional wisdom can provide. After all, as the study concluded, wealth is 80% psychology and 20% mechanics! Thanks for stopping by, I appreciate it. :)

      Hi cherrycrime26, That was very kind of you. Glad you enjoyed the hub. Thanks for stopping by and for sharing, I appreciate it.:)

    • cherrycrime26 profile image

      January Moon 

      8 years ago from NY, Now Living in Atlanta Ga

      Wonderful Hub, thank you sharing, voted up.

    • maxoxam41 profile image


      8 years ago from USA

      Studies contradict themselves.

      I agree that once an idea conquered spacially our brain, our brain widens.

      How is it then, that there's so few millionaires? Does it mean that only a few of us set their minds to success?

    • Jangaplanet profile imageAUTHOR

      A James Di Rodi 

      8 years ago

      Thank you Goodlady. Sorry I did not notice the comment earlier. Seems that I do not receive notifications when comments are left.

    • GoodLady profile image

      Penelope Hart 

      8 years ago from Rome, Italy


    • Jangaplanet profile imageAUTHOR

      A James Di Rodi 

      8 years ago

      That's so true NiaG. I appreciate you stopping by to read. Thanks!

    • NiaG profile image


      8 years ago from Louisville, KY

      I think it's a mindset as well. Either you want success or you want to make excuses not to have it. Thinking negatively won't get you there.

    • Jangaplanet profile imageAUTHOR

      A James Di Rodi 

      8 years ago

      Thanks Flavia! :)

    • Fortaleza profile image


      8 years ago from Fortaleza, Brasil

      Great hub, very true that love is the real key to success! I couldn't agree more.

      I love what you said!

    • Jangaplanet profile imageAUTHOR

      A James Di Rodi 

      8 years ago

      Hi Patrick, saw you question in the forums, it was an interesting question! Thanks for taking the time to read my article on positive thinking.

      Thanks for comment.

    • profile image

      patrick molone 

      9 years ago

      Great post. Our thoughts truly affect how we live our lives and the first step towards moving in the right direction is thinking the way successful people think.

      Blaming, ignorance, and self doubt are all negative reinforcements that will make success that much more difficult.

    • Jangaplanet profile imageAUTHOR

      A James Di Rodi 

      9 years ago

      Thanks Ronnie,

      I think anyone can control their thoughts and therefore can control whether the thoughts are positive or negative. Our minds control our thought processes and can be the catalyst for living happy life,or vice versa. For me personally cherishing the simple things in life keep me positive.

      Thanks for comment.

    • profile image


      9 years ago

      Interesting hub! Positive thinking! I always found that when i'm not positive my day crumbles up on me but when i'm feeling good about myself everything seems to fall into place!

      Love it! Thanks!

    • Jangaplanet profile imageAUTHOR

      A James Di Rodi 

      9 years ago

      Hey thanks Tania :)sorry missed this comment! I know we already spoke about sharing links from your other website with me lol but still needed to answer you on this. :)

    • Taniatravels profile image


      9 years ago

      Another well written hub. Are you interested in sharing links with me? Yr cool! :)

    • profile image


      9 years ago

      Very glad to have found you - Excellent hub!

    • ginjill ashberry profile image

      Ashley TKL 

      9 years ago

      You tell it better.

    • Susan Miles profile image

      Susan Miles 

      9 years ago

      Awesome hub! Agreed, taking responsibility of one's financial situation is important to it's success. If someone is in a financially difficult situation that they cannot find their way out of, I would suggest the power of prayer. Then to be patient and ready for change.

    • Ann810 profile image


      9 years ago from Sunny Cali

      Thanks, neat hub. Think smarter; instead of working harder.

    • Jangaplanet profile imageAUTHOR

      A James Di Rodi 

      9 years ago

      Thank you once again all of you who have posted these amazing comments, I thank you truly from my heart, you are the reason why I keep writing for without you all of it would be worthless. Thanks ...

    • profile image


      9 years ago

      How true this is. I am a firm believer in positive thinking

    • DynamicS profile image

      Sandria Green-Stewart 

      9 years ago from Toronto, Canada

      Wow! I like this post. I especially like your point about acceptint total responsibility for our actions. It is so easy to get stuck in the blame game. Thanks so much for sharing. I'll be looking for Wayne Dwyer's book.

    • Tweetmom profile image


      9 years ago from Newark

      Really love this. Felt motivated now to write a new hub. Rated up yah.

    • ChristineVianello profile image


      9 years ago from Philadelphia

      Great article!

    • Kamalesh050 profile image

      Kamalesh Chakraverty 

      9 years ago from Sahaganj, Dist. Hooghly, West Bengal, India

      An excellent hub and informative. Thank you.

      - Kamalesh

    • The Jet profile image

      The Jet 

      9 years ago from The Bay

      This was inspiring. Thanks!

    • Charlu profile image


      9 years ago from Florida

      Awesome hub I really like the outlook in it's entirety.

    • RachaelLefler profile image

      Rachael Lefler 

      9 years ago from Illinois

      good job very inspiring!

    • J.S.Matthew profile image

      JS Matthew 

      9 years ago from Massachusetts, USA

      Great Hub and so true! Just about any success in life depends on your attitude. Either the glass is half empty or half full; whichever way you see it determines your success.

      I once had a manager at work tell me, "Whenever you see the word 'Problem', change it to 'Opportunity'." This gave me a whole new look on things! Any "problem" can be turned into an "opportunity" in which proper changes in attitude can influence the outcome. Good job!


    • tsmog profile image

      Tim Mitchell 

      9 years ago from Escondido, CA

      Eye opening , , ,and comes at the right time in my new adventure , , ,reminds me of some Feng Shui principles I have forgotten or stored in a closet , , ,thank you

    • ofeliaw profile image


      9 years ago

      Well written article and informative

    • Timetothink profile image


      9 years ago from Ballarat, Victoria Australia

      Great article. When we stop comparing ourselves to others by way of monetary success, and focus more on a personal, self evaluation and responsibility of our own actions then we are more powerful and influential to ourselves, freeing our minds from a 'keeping up with the Jones' cycle of mentality and enabling us to ponder, react, and change according to our own internal evaluation, not how we appear outside.

    • profile image

      Phoebe Pike 

      9 years ago

      This is really interesting! I think it's well-written and inspiring. Good work.

    • duffsmom profile image

      P. Thorpe Christiansen 

      9 years ago from Pacific Northwest, USA

      There is an interesting quote that fits this hub quite well. It is from the ice skater, Scott Hamilton in his biography. "What happens to you may not be your fault but it is thoroughly your responsibility." Very true and nice to see a hub writer advocate personal responsibility. Unfortunately, in today's world, blaming others for lack of wealth, lack of luck, lack of success is common place--keep writing my friend--good stuff to read here!

    • Jangaplanet profile imageAUTHOR

      A James Di Rodi 

      9 years ago

      Thank you all for your comments!Ashantina-Fossillady-lobonorth-barbergirl28-Seeker7-ArtzGirl.

    • ArtzGirl profile image

      Camaron Elliott 

      9 years ago from San Diego

      Thanks for the inspiration!

    • Seeker7 profile image

      Helen Murphy Howell 

      9 years ago from Fife, Scotland

      Great Hub!! And I agree with Ashantina - I'm definitely inspired!

    • barbergirl28 profile image

      Stacy Harris 

      9 years ago from Hemet, Ca

      Great hub... you can achieve anything if you put your mind to it. Have you ever heard of "The Secret"... this sounds very similar to that. Definitely a must check out. Very informative and very inspiring. Thanks!

    • emenika buki profile image

      emenika buki 

      9 years ago from europe

      The truth is that rich men are trying more to be rich while poor men are dieing in my Question is that can poor man paying tax?While 80% of millionare refuse to pay tax... & there are rich already...some knows how to be stengy..........keep it on i love that best ARTICLE STORY!

    • lobonorth profile image


      9 years ago

      Liked what I read but notice that ethics doesn't usually play much of a role in these topics. I am always interested in knowing if people are conflicted when following any such advice.


    • Fossillady profile image


      9 years ago from Saugatuck Michigan

      I like the last line, love is the real key to success! Good write and so true

    • Ashantina profile image


      9 years ago



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