By guest contributor Gerald Tay

I recently ran across this book titled How Rich People Think by Steve Siebold. I was immediately struck by the differences between the thoughts and actions of the “World Class” investor and the “Middle Class” investor.

In the book, Steve listed 21 ways that the wealthy think differently from average people, categorizing them as “World Class” and “Middle Class” thinkers. In this article, I will call the two investor groups the 99% and the 1%.

I’ll list nine of his 21 Rules here (you can read his book and educate yourself on the rest) and briefly explain the similarities on some of the rules in the arena of property investment.

1. The 99% have a lottery mentality. The 1% have an action mentality.

I hear the 99% say all the time: “Prices will sure go up. If I can simply invest on some ‘expert’ ...