- Good grief, the things people will do to get rich!
Here in Thailand, sufficiency economy is sort of taught. Sufficiency, is about learning and living in moderation-so there is really nothing much new in Sufficiency actually.
Like moderation, is taught the world over.
But here in Thailand, moderation got so twisted, one of the richest women of Thailand who loves to show-off herself by wearing a ton of jewelry-says she practice moderation of sufficiency, because she says, quote: “I can wear much more jewelry.”
The following is By Robert Frank
One thing I have noticed about rich people is that they are insomniacs. If money never sleeps, why should they?
Billionaire Lynn Tilton, who I profiled last month, rarely gets more than a few hours sleep a night. John D. Rockefeller was famous for his brief nighttime naps. Donald Trump says he only gets three hours a night, while Martha Stewart says she only needs four.
What we don’t know is whether sleep deprivation is a cause or a consequence of wealth.
A new study suggests it may be a cause.
According to a survey of more than 1,400 people around the world with an average net worth of $2 million, the wealthiest respondents in the sample had 80% more energy than those at the bottom of the sample.
Energy, of course, is a subjective quality. In the survey, respondents were asked to use a scale from 1 to 10, asking them how much energy they put into certain tasks, with 10 being the highest.
The survey found that the wealthiest of the group devoted 60% of their energy toward focused goals like “making things happen” and “hunting out new opportunities.” They not only focused their energy on these goals, but they devoted more total energy (80% more) to all of these goals than the lower samplers.
Of course, this may simply mean the wealthy give themselves higher scores–more 8s, 9s, and 10s–rather than having more energy. Yet the study authors say the across-the-board higher scores represent higher energy.
“They have above-average energy levels for every single quality associated with success,” said the report, done by Scorpio Partnership, Standard Chartered Private Bank and SEI. “More than that they are channeling that extra energy primarily into the innovation tasks that are most likely to get ahead.”
The report added that the wealthy seem to “make time” for these tasks–perhaps when the rest of us are sleeping (although the inherited wealthy can or did sleepwalk their way to wealth).
The survey found a similarly wide energy gap between wealthy business owners and “employed professionals.” Business owners focus a huge amount of energy (more than 12% above the survey average) on “doing things differently,” while employed professionals far less–7% below the average.
Prodigious energy doesn’t ensure wealth. Do you think total energy is a secret to being wealthy or is it more about energy focus? Do you know any low-energy rich people?
- The Rich Have 80% More Energy Than the Rest (blogs.wsj.com)
- Saving To Spend (andrewsullivan.theatlantic.com)
- SEXY & SMART: UK based institution pours money into Asia clean energy drive & a gorgious UK bird to renew your energy (thaiintelligentnews.wordpress.com)
- How Much Money Rich People Need To Feel Rich (theawl.com)
- Where does a pendulum have the least amount of kinetic energy (wiki.answers.com)
- Why can an object have kinetic energy and potential energy (wiki.answers.com)
- Why is it that efficiency of a machine is less than 1 (wiki.answers.com)
- Why Do the Rich Feel Poor? (psychologytoday.com)
- Want to save energy in your computer which is best to sleep, hibernate or shut down? (paulinamallard.wordpress.com)
- Get more energy (kleenexmums.com.au)
- “American millionaires say wealth starts around $8 million” and related posts (personalmoneystore.com)
- The Wealthy Need $7.5 Million To Feel Wealthy (bargaineering.com)