Wealth Quote draws Hate Mail


In the past few weeks I’ve received hate mail and even calls from the national media after delivering this quote: “If your net worth is the average of your five friends, is it time to make some new friends?” Watch this short explanation I taped while skiing in Deer Valley, Utah last week, and I’ll look forward to your comments.

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  1. David says:

    Steve I love Mental Toughness! What you said has cleared my head. I am loyal to my friends, but they don’t think or act like I do. So i am taking affirmative action! I am going to find 5 friends and “hang’ out with them. You are one of them.
    I am a business owner in Life Leadership also. They think and act like successful fulfilled people.
    I must add: If the ‘Other’ guys n gals who dont’ think like you and I want to follow..then by all means come along!
    p.s. I like the previous comments.

  2. Angela Stanton says:

    Being around those who uplift you is very important for many aspects of life. Your don’t have to change your friends but it is always to your advantage to make new friends. Being around those who can raise your spirits can help you grow with more confidence. There is always something to learn from someone else. I do agree that when your around those of wealth then you will eventually think like they do. Just the same as if you always around someone who is negative then you will eventually be negative.

  3. From what I’m hearing you say in this video, I would agree… You have to hang around people of like mind.

    If you want to grow and raise your level of success then wouldn’t you want to follow those who have already acheived what you’re wanting to achieve.

    If the folk I keep company with tend to always be griping and complaining, I’d probably find some new friends.

    I have a saying… If you want to always bring or be around drama, I will pray for you , but I can and will love you from afar.

    As The great motivational speaker Tony Robbins say’s “SUCCESS LEAVES CLUES!”

  4. ” It’s sad that some people believe that the way to create wealth is to investigate and cure the causes of poverty.” Marilyn

    Since the technology of the early 19s through today that’s exacrly how wealth hasd been created by and for many people, Marilyn. Industrial and now IT investigaters of the human condition and how to up lift the masses and reduce poverty have created some of the most important means of social and economic progress for millions of people.


  5. Hi Steve, I wish there were more people in the world like you, who realize that the way to wealth and financial success is through the study of wealth – being curious about the thoughts and actions of people who live in ‘wealth culture’. It’s sad that some people believe that the way to create wealth is to investigate and cure the causes of poverty, or to hate the rich (or, to hate anyone, for that matter). Your message is so important, because today, people need to understand the causes of wealth in order to make this happen in their own lives.

  6. Gill Phelan says:

    Hi Steve—after being your partner for almost a year now I can see how just about anything you say draws out the negativity that resides in people. You did not say get rid of your old friends–is it really so bad to look for new friends at a higher level? I LOVE being the low man on the totem pole with some of my new friends–PLEASE talk to me and teach me and show me how to get where you are!
    Keep up the great work and continue to help us strive for the best within us!

  7. Deidra D. Neal says:

    Mental Toughness – the ability to take things in stride rather than over-react, caterwaul and squall over a simple statement with which you may disagree. Good grief – there is something called the “Crab Effect.” If you’re hanging with people who don’t challenge you in some way, and they see you succeeding while they stay stuck, they will drag you down. Crabs do the same thing to escapees in a crab trap. We need to surround ourselves with the kind of people we want to be, because we become like those we “hang with.” There is nothing wrong with your statement – in or out of “context.”

  8. [Donna wants to call these people “toxic people.” Greg uses the “birds of a feather” comparison]

    “If your net worth is the average of your five friends, is it time to make some new friends?” – Steve

    Of course people will take that statement for what it says – there’s no other context with it – not as much in the article as you put into this video, Steve.

    You can call those people Haters or toxic people or people who want to flock with loser birds – which for some of them it may be true – but also it can be a disingenuous stereotype of people with their interpretations of that statement.

    That kind of response to people is trending now which is “Disagree with me or interpret what I say in a way I don’t like and I’ll call you names.”

    It seems to me that’s the opposite of critical thinking and mental toughness and more like superfical thinking and weak emotions exposing themselves.

    I could be wrong or missing something here.


  9. Greg says:

    I was once told that “Birds of a feather flock together and that flock always flies in the same direction.” I think it is especially important to look around your flock and determine, where is everyone headed? Chances are you are heading in that same direction. Don’t like the fact that Bob has been at the firm for 15years more than you and is still in the same position? And that Bob is your best bud and drinking buddy? Change the “flock” you hang out with. Be deliberate in the choice people who are a part of your inner circle. I agree with you Steve that this is a component of success that most will choose to ignore.

  10. Cora Jacobson says:

    I am glad that you clarified – I was unsure of the quote as useful. I’ve been reading the books suggested in 177 Mental Toughness Secrets though and should have known that we need “to add” the wealth of helpful friendships into our lives.

  11. Martin says:

    I really like your posts (more regularly please) but when I read the post about changing your friends I did think it was a bit strange. I understand what you meant but many people outside obviously have not understood…what a surprise. Mental toughness is quite rare. I thought I had it but struggling at the moment. Have built one business in Australia but finding motivation to start again in my home city of London. Think I have a fear of failure :<

  12. Chris says:

    Easy to be misunderstood, isn’t it Steve?

    Seriously, though I have heard others suggest it is more about dumping your existing less successful friends rather than expanding your circle to include more successful ones.

    I think your explanation is perfectly fine.

  13. Donna Sako says:

    Steve, I understood what you meant. But on the same token, there are toxic people who drag you down in life. There are many people that you may need to see less of if they sabotage you and your goals. Finding people who up lift you and make you feel good about yourself or can teach you skills is not wrong. No you do not have to release your friendships–but adding friends who add to your life is always a good thing for you and them.