How to Associate with Wealthy Individuals?

People often say You need friends when trading or ‘Wealth because of friends, both of which serve as reminders for those who aspire to advance in their careers. In addition to being diligent and making efforts, it is important to expand one’s network of relationships. In particular, associating with wealthy individuals can help one learn from their experiences, gain additional motivation, and mindset development.

Based on the survey data by Knight Frank in the Southeast Asia region in 2021, there were 72,135 individuals in Vietnam with assets exceeding 1 million USD, including 1,234 ultra-high-net-worth individuals owning assets of at least 30 million USD, equivalent to 720 billion VND, surpassing 82% in just 5 years. With this figure, wealthy individuals in Vietnam ranked fourth in the list of US dollar millionaires in Southeast Asia, following Singapore, Thailand, and Indonesia. It is forecasted that the number of US dollar millionaires in Vietnam will continue to rise to 114,807 by 2026.

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This signifies that the Vietnamese economy is slowly undergoing positive changes, and the spreading wealth creation mindset is drawing in young individuals from underprivileged backgrounds. Based on practical evidence, self-made wealthy individuals in Vietnam predominantly fall within the age bracket of 27 to 55.  They early on become aware of the desire to attain wealth through difficulties, family responsibilities, an aspiration for conquest, a commitment to society, or a longing to explore the world. Owing to their self-motivation, it propels them to relentlessly make efforts, learn, and refine themselves to achieve a better version.

The Importance of Making Friends with Wealthy Individuals

There are many factors that contribute to the success of wealthy individuals, but most of them place a strong emphasis on their social relationships, particularly when it comes to associating with talented individuals. They understand that if they want to advance in their careers, they need to learn from the experience and knowledge of successful and affluent individuals. As the world-renowned billionaire Warren Buffett once advised young people, “You will become the person you often associate with. Therefore, spending time with people who are better is very important”. Furthermore, associating with wealthy individuals also brings various other benefits, such as expanding your networking reach, building a customer base, creating multiple business opportunities, and boosting your motivation to strive towards your goals, and so on.

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However, it is crucial to select morally upright wealthy individuals because, without this virtue, they might bring inconvenience and even danger to you. Therefore, the better you understand their ‘true values’, the more firmly you can take control of your social associations.

Communication Environment and Standards for Associating with Wealthy Individuals

In today’s world, the opportunity to interact with wealthy individuals has become more accessible through group activities such as joining entrepreneur clubs, playing golf, tennis, yachting, racing, or participating in charitable events, seminars, conferences, and more. These activities are aimed at building social relationships and enhancing communication skills with successful individuals. However, when it comes to making friends, they often have certain standards in place.

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Among them, wealthy people have a great deal of importance on honesty. To build a strong and stable career, they have weathered numerous challenging and tumultuous days, engaging in ‘battles of wits’ with a variety of societal elements, encountering virtually every type of individual. Even some individuals have developed a habit of being skeptical and cautious when someone approaches them. At the same time, they allocate their time to meaningful activities, avoiding wasting it on others’ trivial, pointless, or negative gossip. Furthermore, basic communication for the wealthy encompasses politeness, confidence, and honesty. They also expect the other party to have a macho personality, keep promises, be enthusiastic, and refrain from exploitation as they are intelligent enough to discern between good and bad individuals. Similarly, wealthy individuals value transparency, they don’t want to see anyone at a disadvantage because of them. Therefore, they often opt for ‘fair play’ to reciprocate the efforts made by others.

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The reason why wealthy individuals prefer to befriend those with positive energy and ethical values is because they also need spiritual support. Therefore, instead of chasing external glitz, focus on investing in yourself to develop communication skills, enhance intelligence, and, most importantly, never forget gratitude and contribute to the community. Once you become a person of value, you will naturally attract the attention of the wealthy. Conversely, if you only prioritize physical appearance while lacking the necessary qualities, no matter how good their initial impression is, the relationship will quickly come to an end.

The results of self-cultivation from within

There have been numerous results to affirm this, as exemplified by the case of Mr. Nguyen Bao Toan. Since his days as a student with outstanding academic achievements, he has consciously chosen a minimalist, humble lifestyle and does not demand anything from anyone. Instead, he always maintains a sense of gratitude and does not resent the losses that have come his way. He diligently focused on training and learning from the wisdom of ancient predecessors, while continuously enhancing his knowledge to develop himself. Upon graduation, he received multiple job offers from top companies and was appointed as Deputy General Director for the Vinasun Group in 2002 when he was only 27 years old.

The outcome of days of dedicated effort. Photo by NBT.

It is the honesty, simplicity, and humility in his quiet contributions that have created value in the eyes of many, including a Japanese billionaire. He once said to him: “Kindness is a miracle because it has the ability to create prosperity and a strong self-connection with those who are on the same wavelength”.

By TVVN Press

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