Wealthy Optimism

Key Takeaways

  • Wealthy people come from all types of backgrounds, but they tend to be optimistic—and they avoid pessimists.
  • Optimistic people can make incredible things happen because they aren’t easily discouraged by failure.
  • When it comes to acquiring, building or retaining wealth, it pays to be optimistic (but not delusional).

Don’t forget our spring cleaning barbecue and document-shredding event on Saturday, June 4.

Money may not guarantee happiness, but experts say wealthy people tend to be more optimistic than other folks. In his book Change Your Habits, Change Your Life, author Charles Corley said the one type of person who wealthy people avoid is the pessimist.

Optimism transforms more than just money matters. It’s the can-do spirit that the U.S. space program had in the 1960s. More recently, Amazon’s Jeff Bezos introduced his Blue Origin rocket that can reuse its main first stage after launch. Elon Musk takes it a step further with a rocket that can take off and land in the middle of the ocean in winds of up to 50 miles per hour. Sure, they’ve had plenty of failures along their ways, just like Thomas Edison and Henry Ford with the incandescent bulb and the internal combustion engine.

Time and time again you see that optimistic people are able to make things happen. If you’re building wealth, or if you have wealth and are determined to retain it, then it pays to be optimistic. There’s a difference between being optimistic and being delusional, of course, as Matt Ridley details in his 2010 book The Rational Optimist. Whether we’re entering adult life and building wealth, trying to accelerate wealth in our prime earning years or trying to maintain some growth as we get into our mature years (and maybe pass some wealth on to our family, friends and community), it pays for us to have an optimistic mind-set along the way.

As the Bible says, “Where there is no vision the people perish.” It’s really important not to have too many pessimistic people in our lives. You want to surround yourself with upbeat folks to maintain a positive, forward-thinking mind-set. Our country was built by the optimism of our founding fathers. An optimistic outlook on life provides us with wealth in a variety of ways.

Shifting gears, we’re holding our annual spring cleaning and document-shredding barbecue on Saturday, June 4, from 10am to 2pm. Come to our parking lot to shred old documents, get rid of old electronics, donate to the Salvation Army, and have great food and enjoy some music. We’d love to see you there.

Until next time, enjoy.

www.coylefinancial.com
800-480-7913 | coyle@coylefinancial.com

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