Internet Business

The Difference Between Rich and Wealthy


After weeks of working with people who have the brightest minds I've ever seen in the Internet industry, I am beginning to think deeper on what is rich and what is wealthy.

 

Rich, by dictionary definition, means having Great Possessions

Possession, generally speaking, can be anything physical that belongs to you. Things such as, a great car, a nice house, a handful of cash.

In fact, if you see a person driving on the streets with a Ferrari, the first thought that often comes to mind is - wow that guy must be rich.

Rich, in my opinion, is just having a large amount of the most common bond that connects each one of us, our lives, and our businesses - money.

You see, with money, you can buy pretty much anything that will define you as "Rich".

 

It's Easy To Be Rich

It may not seem easy at first, but as long as you give it all and never give up, people often succeed. In order to be rich, you need to think out of the ordinary.

If you think about the 80/20 rule for a second, 1 out of 5 people make as much as the other 4 people combined. (if you take the average, that is) You have 20% chance of being much richer than the 80% of the world's population.

In the Internet industry, people who are making revenue are doing so by being smarter than the majority of the population. The Internet is, unfortunately, filled with "if it's too good to be true, it isn't" schemes that most of us, simply do not recognize.

If we look from the Internet industry perspective:

  • You can become rich by selling valuable products or services.
  • You can become rich by selling scams.

Either way, you are just being smarter than your prospects; you are able to make them believe in what you have to offer, real stuff or scams.

 

Rich, Not Hard to Capture It, And Also Not Hard to Lose It

If you change your mindset around, you will realize that it is really not that hard to be "above average". So if you look at it from this perspective, you have to realize that it is also not hard for others to become one of you.

Picture yourself with an income within the top 20 among a crowd of 100. Let's say you are the 20th place and you are 1 step away from getting kicked out of the elite crowd. The competition is intense. If you are not careful, you will drop off the top 20. After all, it's not hard for others to become one of you.

 

Wealthy, Top Among The Rich

What I would like to think is that being wealthy is being smarter than the majority of the rich. In the Internet industry, if affiliates who are making good revenue are considered rich, then the affiliate managers are the wealthy ones.

Apply the 80/20 rule to the Rich, among a crowd of 100, you have to out smart 80 people to be Rich, but you have to out smart 96 people to be Wealthy.

Being wealthy, obviously, takes a lot more than being rich.

 

Your Mindset Controls Your Destiny

I have had a couple of valuable chats with the designers I work with, interesting enough, they weren't born with all the creative talent and skills.

They all have the mindset to do what it takes to come up with the best looking designs. They will work late; they will work during off-work hours; they will concentrate so much at work that even when they are hungry they will simply ignore, not until they are satisfied with their work.

A mindset like that is what made them great designers, top within the design industry.

 

Continuous Learning plus Hard Work creates Success,

 

Aaron

Internet Entrepreneur


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