Common Traits Of The Super Rich

Dr. Craig Malkin, a clinical psychologist and the author of "Rethinking Narcissism" reveals the common traits you can find in the super-rich.

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Following is a transcript of the video:

Craig Malkin: When we look at the relationship between wealth and wealth accumulation and measures of narcissism, people's narcissistic scores go up as they tend to earn more. What all super wealthy people have in common is they feel deserving of their wealth. They don't feel any conflicts about pursuing it. They don't feel like it's greedy to want to have more money and what's fascinating about that is the bright side of entitlement, really, what you can think of as healthy entitlement is feeling like you are deserving of things. We need to have that. So what we see in the ultra-wealthy is they feel that around money. 

The other thing that comes out of the research is it's very clear that the ultra-wealthy do feel special because of their accumulation of wealth. We, all of us, have areas where we tie our sense of self-esteem to something external. Within reason, that can be a great thing and when it comes to people who are super-wealthy, obviously, it keeps them focused on the idea that they can continue to pursue wealth because it helps them ground their sense of self.

They also have a kind of grandiosity, where they truly believe that everything they do when it leads to a success, it's because of what they have done or not done themselves. It's as if they feel this incredible sense of control over their own fate. And of course, this is nonsense, but that kind of grandiosity appears to be linked to the ability to say, go into a risky business venture feeling like I know what I am doing here. And sometimes, there is a big payoff, not always, but it's enough to help people persist in the face of failure when they're trying to accumulate wealth and obviously there is some connection between that belief and people accumulating more wealth.

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[thebetterfilipinoproject]

Extreme self-confidence, perseverance, resilience. He calls these things narcissism and entitlement.

[Eqgr]

Seriously?! You’re citing entitlement and showing a pic of Buffett??! He’s been a staunch advocate against entitlement. Cmon son

[rhettruggerio]

In the United States no matter who you are if you work hard and have “grit” and you make the right decisions, you have a chance to be financially wealthy. Not guaranteed but a chance. In other countries that is very difficult.

[metatrn]

SUMMARY : Genuinely feeling entitled and deserving in receiving more wealth opens the door to more abundance and bliss!

[Jebusmike]

In other words, keep telling yourself you can't do it and you won't. These "narcissists" have mastered the opposite

[healthyamerican]

not all rich people are like this..theres plenty of humble rich people. dont forget the philanthropy of the super rich because most rich people give tons of money to charitys

[dwaynesuede]

Wealth is not in the pocket, true wealth comes only from the mind! To mentally and emotionally underestimate and undervalue the amount energy, sacrifice, faith, and wisdom it will actually take to turn nothing into something is the biggest challenge someone can face while living on this earth.

[noir]

Now, buy my book so I can be rich!!!! Disclaimer: I teach at Harvard, so I know what I'm talking about!

[MrAykut]

We dont need people who largely derive their sense of self-esteem from the accumulation of money, due to their being nothing already existing within them to derive a sense of self-esteem from.

[nativeoutdoors]

He talked about how the successful person feels like they did something when they accomplish success. Well yeah I sure hope they do

[floomagoo]

So basically what he's saying is that people who are driven to earn more money become wealthy.

[williamparker]

Just described the people on the Shark Tank tv show... 😗

[jastat]

This applies to poor people as well...

[lozsurviver]

i think i have these traits, but im not doing it for money, im doing it for showing my idea

[mackycabangon]

There is 1 trait that all millionaires have







Being a millionaire

[SamSamSamSam]

How to get rich quick:

- Drop out of high school
- Have as many children as possible
- Collect welfare
- Spend welfare money on lottery tickets, beer, and fast food


You're welcome.

[rockymartin]

What your point... what are you trying to say.

[eugenerider]

All these traits look quite narcissistic to me

[harlow]

Common Traits / Cheating / Lying / Extortion...

[BmoreHtown]

This some pretty skewed/flawed rhetoric. This guy is wayyyy off-base. The common denominators of Wealthy & Successful people are actually quite noble.