Aug
28

Are You Ready to Be Rich?

By

I was interviewed a few days ago on Fox Business Network by Wall Street Analyst turned Peabody Award winning journalist Stuart Varney on Varney & Company. The interview was about my best selling book, How Rich People Think, and the Pew Research Report that stated that the middle class had lost 28% of their wealth in the past two years. My point was that this is the best time ever to become a millionaire. Watch the interview and see what you think. Here’s the link to the Fox Interview:

http://video.foxbusiness.com/v/1802530271001/middle-class-shrinking-but-are-we-getting-poorer/

After you watch the Fox Business Interview, watch this short video I taped about getting ready to be rich. I’ll look forward to your comments.

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Watch on YOUTUBE

Comments

  1. Mike says:

    Wow. I’m impressed with the amount of candor and honesty you are so generously offering! A Thank you is not enough!
    The question is really that simple. There are 2 main financial questions;
    1. what to do when you don’t have enough money?
    2. what to do when you have too much money?
    (RT Kiyosaki)

  2. Hi, Steve,

    Thank you for all the thought-provoking videos.

    Lian – you can get some ideas about how (and possibly what) to sell to rich people by searching “Marketing to the Affluent” on Amazon. You’ll get hits for Thomas Stanley’s and Dan S. Kennedy’s books on the subject – both worthwhile starting points.

    Off the top of my head, I can think of one niche that rich people spend money: pets – check out Posh Puppy Boutique and take a look at the higher end pet beds, etc.

    Wishing everyone a profitable day!

    Marcus

  3. Craig says:

    Good post Steve.

    People need to learn how to take their weak performing investments (I.E 1%- 2% a year) and earn 1%-2% per week self directing and and trading their own money. This will significantly bolster their retirement program while at the same time proving some additional income.

    Take Control of Your Own Money!

  4. Lian Havro says:

    Hi Steve,

    I agree with Bruce Hoag. It appeared that you addressed 2 issues here. 1 is – are you ready to retired and be poor (middle class), and 2, selling to rich people if you’re ready to be rich.

    I still enjoyed your speech – it always ends with a positive note.

    Steve, I wonder if you would make another speech and talk about what to sell to the rich people? What are the rich people buying?

    Thanks. I look forward to hearing your next speech.

  5. Butch Phelps says:

    I am definitely ready. I am in a business whee I sell to the rich and it is growing. Our entitlement mentality has been coming since the 1960’s. A report just came out that said we have increase our life span by 10 years, but we have decreased our healthy lifespan by 1 year. That means if you retire at 65 on SS and depending on Medicare to help you, you are in great trouble. You may live another 20 years, but you will be sick. So we are talking about just paying your bills, but also healthcare bills. The American dream is still a live, it has just changed a little. The question is, can you adapt?

  6. Love your perspective, Steve, and I think your book on How the Rich Think is a classic. It should be required reading in High School!

    But, I’m actually puzzled by your question. It seems to me that you’re argument is not that people aren’t ready to be rich, but rather that they are unprepared to retire.

    What am I missing?

  7. This is a great blog Steve.
    I’m in Australia but I’ve found most people are NOT ready to be rich, even though they think they are.

    What’s holding them back is their mindset – they’re playing small and riddled with fear, so their sitting on the side lines rather than getting into the game