While middle class people are often content to stay in their lane, millionaires strive to move out of theirs. Put another way, the middle class lives in fear of risking too much, while millionaires know when to go for it.

This happens because “millionaires overcome fear and the middle class submits to it,” Smith says.

“Millionaires overcome fear with knowledge,” he continues. “Millionaires educate themselves before taking risks, and then they consider the consequences of failing.”

They calculate the intensity of the risk versus the power of the reward. “If you can live with the worst thing that could happen and if the most likely thing to happen will get your closer to your goals, then go for it!” Smith writes.

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