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Top 10 Distinctions Between Millionaires and the Middle Class #6

September 28th, 2008 by Liz Fuller

This is my sixth post discussing the fascinating book by Keith Cameron Smith, The Top 10 Distinctions Between Millionaires and the Middle Class

Distinction 6:

Millionaires continually learn and grow.

The middle class thinks learning ended with school.

This is one of the most powerful insights for any entrepreneur.  Learning should be a lifelong endeavor if you want to continue to grow your business as well as your self.

While lifelong learning could (and probably should) mean continuing to take formal classes and increase your general knowledge, it can also mean so much more.

Don’t forget to learn from:

  • your customers - what they like, don’t like, want, hope, fear, and dream of
  • your competitors - what they are doing well, what they are doing poorly and what you could be doing differently
  • your parents - what wisdom have they gained? what perspectives do they have? what experience can they share? what has worked in the past?  
  • your children - what are their passions? their obsessions? their interests? what will the future hold?  
  • your successes - what did you contribute? how did you take advantage of opportunity? what could have increased your success even further?
  • your mistakes - what could you have done differently? how could you have been more in tune with your circumstances? what perspective will you take to your next opportunity?

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This entry was posted on Sunday, September 28th, 2008 at 7:53 am and is filed under finances. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 responses about “Top 10 Distinctions Between Millionaires and the Middle Class #6”

  1. Tom(new comment) said:

    I think it depends more on what you learn. Middle Class learn to pad their resumé. Millionaires learn to pad their pockets.

  2. Dean James(new comment) said:

    I would agree, generally speaking . Entrepreneurs that become millionaires don’t rely on formal education as their yardstick. Also they tend to want to set up their own businesses as oppose to get a great career working for someone else.

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