How Rich People Think: Wealth Management for Dental CEO’s

Dental CEO’s, did you know your wealth is 80% Psychology, 20% Mechanics?

Like many of you I always used to think, “just please tell me where I should put my money, what investment should I hold or what stock should I buy.” What I have learned over the years is that the psychology of wealth is way more important than the mechanics. That is why 80% of the thoughts in this section are psychological in nature and about 20% are the mechanics. I know you might think it’s boring, but those who don’t are the ones with all the money.

Here is a thought, “Most people think about spending, wealthy people think about investing.”

Americans are famous for living beyond their means. As soon as we get it we have already earmarked that money for something to spend it on. The wealthy earmark any money left over and look for where to put it so it can work for them. They have learned to make money 24 hours a day and while they sleep.

Looking for the right investment opportunities and learning the right strategies is a key. Oh yeah, please don’t forget investing in educating and bettering yourself in any phase of life may be the best investment you can make (see below.)

One the best thought provoking books I have read about wealth is a little book called “ How Rich People Think.”

Action Step for You: Figure out and write down what your definition of wealth is monetarily. (Is it a net worth of 1 million, 2 million, 10 million, or $500,000). Knowing your number defines your goals and actions.