Topic: Rebuttal: Rich Mindset vs Poor Mindset - page 4. (Read 917 times)
everyone is given the opportunity to be rich .. have a good mindset I think only one of several factors that make a person rich .. not all rich people have a mindset like "rich people", for example rich people whose wealth comes from their parents sometimes wasting money buying things that are not important or disrespectful to others who are below them.. or many other things that make them no better than poor people.. so I think many of your points are wrong
Getting rich is not luck, or is barely 5% luck. There are lots of mindset and character factors that go into play. We shouldn't downplay that, to try to make some demographic or ourselves feel better.
I can say they are lucky if in fact they are the children of rich fathers. They are heirs who will become rich after getting the inheritance from their parents. While other people have to try to raise more money from various jobs, they have to go through a long process although not all of them get rich in the end. Getting rich is not an option, it is the result of hard work and a process that a person goes through. 
I know that there's a huge gap and belief between poor and rich mindsets. But what I've come to realize is that when you're in a better state and you're already rich, you tend to belittle those people that are in an unfortunate situation. They may also have the same thinking as you as a successful person but they can't just turn themselves into that one because of what they're facing. It's true that poor people are less privileged but it doesn't mean that they've got poor mindsets too.
Some people work hard and believe that they will succed, some people just make others work hard and succed. It's as simple as that. Work hard to fulfill your own dreams else you will have to work hard to fulfill someone else's dream.
I feel even for people that are employers and have people working for them started at the earlier stage of their life working hard themselves for others, except if they were born into a wealthy family line, but in the absense of that, i believe success comes in different stages, so for that person we see today that has a big company with many staffs under him, there was a time the person was also working under someone else, learning and growing till they got to the level of great success, so people should take things easy on themselves, one thing a person should make sure they are doing is learning, and having a desire to get to the top, and then work hard to see if it happens. 
that is correct - I know a family which is not rich but people meet them because they have great problem solving skills which is rare in common people
People who are even rich doesn't have a healthy mind, and that is okie, most of the time the would need someone else to guide them.
It is everywhere, even the rich guys in the society have many poor and middle-class people they draw their ideas from. So, we should not let it seems as if the rich are better as if they are angels that know how to do this perfectly.People who are even rich doesn't have a healthy mind, and that is okie, most of the time the would need someone else to guide them.
This was a rather thoughtful rebuttal that offers a more realistic alternative and explanation to the Rich Mindset vs Poor Mindset. This one went beyond the surface where the other one stayed on the surface.
Thank you for this! I dislike it when motivational speakers are directing all the praise to the rich and make it looks as if all the poor are dummies.It is very interesting to see the point of view from two different directions.
It's more like each person personality rather than the rich person or poor person. There's a rich person who doesn't want to work since he believe his dad business will keep successful and wouldn't collapse, but business is business, if you don't have good management, innovation and so on, your business will bankrupt. There's a poor person who work very hard to earn more money, but he used all to buy branded clothes and the value will decrease overtime.
Both of them become rekt, but they're suffering in the different way.
Thank you for this narration. Still, I look beyond personality but the opportunity they are presented with. I concluded by saying the poor is better than the rich because if they switcha sides, almost all the poor, if not all would survive, can we say that of the rich? It will be too hard for them to cope. Both of them become rekt, but they're suffering in the different way.
The initial post is a big pile of bullshit based on vagueness and generalities from which I gather that the OP identifies as poor and so makes a defense of the poor against the rich.
This sums it all up.
The only thing I would recommend to the OP is to stop thinking of "poor" and "rich" as watertight compartments, because in open societies there is economic status change between rich poor and middle class.
If he considers himself a good person and is poor, improving his economic situation and becoming middle class and even rich is not going to make him a psychopath. Conversely, someone who is rich but is a miser, exploiter and the like, is not going to become a nice person by becoming poor.
Pretty hard to discuss which is "better" knowing that there are a crap ton of factors to take into consideration when discussing "rich" vs "poor". Arguments from both sides are painted with a broad brush, as if all "rich" people think the same, and that all "poor" people think the same as well. Which obviously is not the case.
This sums it all up.
The only thing I would recommend to the OP is to stop thinking of "poor" and "rich" as watertight compartments, because in open societies there is economic status change between rich poor and middle class.
If he considers himself a good person and is poor, improving his economic situation and becoming middle class and even rich is not going to make him a psychopath. Conversely, someone who is rich but is a miser, exploiter and the like, is not going to become a nice person by becoming poor.
The truth is that we cannot hastily generalize people on the basis of being rich or poor alone. It's not as if the rich have a distinct behavior peculiar to them while the poor have also theirs and it's the thing that distinguishes them from each other. So while it is indeed wrong to say that the rich are better than the poor, it is equally wrong to say otherwise.
But I agree that there is a so-called natural lottery. Lucky are those who are born into a wealthy family, rich and developed and peaceful country, for example, but this doesn't define a person's fate.
But I agree that there is a so-called natural lottery. Lucky are those who are born into a wealthy family, rich and developed and peaceful country, for example, but this doesn't define a person's fate.
This was a rather thoughtful rebuttal that offers a more realistic alternative and explanation to the Rich Mindset vs Poor Mindset. This one went beyond the surface where the other one stayed on the surface.
It's more like each person personality rather than the rich person or poor person. There's a rich person who doesn't want to work since he believe his dad business will keep successful and wouldn't collapse, but business is business, if you don't have good management, innovation and so on, your business will bankrupt. There's a poor person who work very hard to earn more money, but he used all to buy branded clothes and the value will decrease overtime.
Both of them become rekt, but they're suffering in the different way.
It is because of this that it is so difficult to try to make generalizations about your socioeconomic level, there are those which are born rich and they do not know what it took to reach that level of wealth so they waste it, while there are poor people that learn very quickly about the value of money and do what they can to reach a high level of wealth.Both of them become rekt, but they're suffering in the different way.
So how are we supposed to evaluate them? As poor people or as rich people? So this should show us that what matters is your mentality, regardless of how much wealth you have when you start your journey to improve your life.
In my opinion, judging the issue collectively is wrong, it cannot be said that all the rich are better than all the poor, and vice versa, it cannot be said that all the poor are better than the rich.
There are some good rich people who put a lot of effort and time to learn and achieve their wealth and make their success, but on the other hand there are many rich people who inherited a lot of wealth without any effort and only spend money on trivial things.
The poor also, there are those of them who make great efforts to learn and improve their conditions of life and set a goal in front of them that they strive with all their strength to achieve, but there are also many of them who say we cannot do anything, we are poor and we do not have enough capital to do any work, so they remain failures without goals.
There are some good rich people who put a lot of effort and time to learn and achieve their wealth and make their success, but on the other hand there are many rich people who inherited a lot of wealth without any effort and only spend money on trivial things.
The poor also, there are those of them who make great efforts to learn and improve their conditions of life and set a goal in front of them that they strive with all their strength to achieve, but there are also many of them who say we cannot do anything, we are poor and we do not have enough capital to do any work, so they remain failures without goals.
It is very interesting to see the point of view from two different directions. such as from the difference in the mindset of rich and poor mindset.
it's not about whether someone is rich or poor. but it's a matter of thought that can change someone's life indirectly. like if a person who has a lot of property, for example, gets a large inheritance. Well sometimes his wealth will be drained quickly if he has a poor mindset. because he will tend to spend more. in the sense of buying anything he wants without thinking that whether he needs it or not. Poor thinking is thinking that cannot distinguish between primary, secondary and tertiary needs.
it's not about whether someone is rich or poor. but it's a matter of thought that can change someone's life indirectly. like if a person who has a lot of property, for example, gets a large inheritance. Well sometimes his wealth will be drained quickly if he has a poor mindset. because he will tend to spend more. in the sense of buying anything he wants without thinking that whether he needs it or not. Poor thinking is thinking that cannot distinguish between primary, secondary and tertiary needs.
The difference between the rich and the poor is all levelled out on their mindset, upbringing, environment and friends they keep. Your environment and the friends you keep will define what you will be in future. It plays a major role in future careers. You don't expect to hang out with a drunkard and expect to be different. Staying in your comfort zone without exploring ideas would also hinder your future whether you are rich or poor.
In life what you believe is what you get. The privilege is open for everyone to decide whether to continue being rich or poor. The decision is left for you to choose what you will end up becoming
In life what you believe is what you get. The privilege is open for everyone to decide whether to continue being rich or poor. The decision is left for you to choose what you will end up becoming
A poor person and a Rich person are both humans. They both have the characteristics of a human being. So I do not think any of them would have an advantage when it comes to personality since personality often occurs on both classes. Also, talent and attributes also occur in both classes. The only difference is the fund they can spend on learning certain skills, the environment they are learning, and the access to greater knowledge and tools where the rich people are at an advantage.
Poor isn't better than rich people nor rich people is better than poor because poor people can excel on some parts while rich people can excel on other parts. That nullifies the advantage of each class. It is that rich people are better at exploiting poor people making them look like a better class. That is the fact that cannot be rebutted.
At the end of the day, this topic is subjective and has many branches of comparison to talk about where each class outperforms the other class.
For this misconception (at least to me), I concluded to put this piece together so that I can read an honest opinion directly from you people. Correct me if I am wrong; the poor is better than the rich, only that they are not privileged.
Poor isn't better than rich people nor rich people is better than poor because poor people can excel on some parts while rich people can excel on other parts. That nullifies the advantage of each class. It is that rich people are better at exploiting poor people making them look like a better class. That is the fact that cannot be rebutted.
At the end of the day, this topic is subjective and has many branches of comparison to talk about where each class outperforms the other class.
This is pretty much common sense.
If you got lots of money you basically can buy stocks, live off the dividends.
Or you can buy lots of real estate and live off the rental income.
Or you can buy a few businesses and have people work for you.
The saying is true. Money makes money.
If you got lots of money you basically can buy stocks, live off the dividends.
Or you can buy lots of real estate and live off the rental income.
Or you can buy a few businesses and have people work for you.
The saying is true. Money makes money.
This topic is borne out of the pain I feel when I hear/read that the rich are better than the poor. I have met with a lot of poor people, and I could feel their pains and destiny wastage as their knowledge, wisdom and dreams are being chattered due to the lack of resources and opportunities around them, not due to their mindset. Not that these people are foolish, lazy, not energetic or time conscious, but many are just unlucky with the country or environment they find themselves. Even many of the so-called rich people extract their ideas and successes from the poor, only to take the glory, honour and riches, which is the most painful part.
For this misconception (at least to me), I concluded to put this piece together so that I can read an honest opinion directly from you people. Correct me if I am wrong; the poor is better than the rich, only that they are not privileged.
Conclusively, there is a lot of nonsense going on online that the rich have it better in terms of timing, management, expertise and all that. But I will always disagree with most. The only peculiarity is that the rich have money and privileges, which is why it seems as if they know and do better. Many poor people are better than the rich in terms of many things but are only unfortunate that they are poor, especially when they find themselves in a very bad country. While some lucky ones still find their way to the top, and some rich people become poor due to mismanagement."
The link to the original post: https://bitcointalksearch.org/topic/m.60925934
For this misconception (at least to me), I concluded to put this piece together so that I can read an honest opinion directly from you people. Correct me if I am wrong; the poor is better than the rich, only that they are not privileged.
Conclusively, there is a lot of nonsense going on online that the rich have it better in terms of timing, management, expertise and all that. But I will always disagree with most. The only peculiarity is that the rich have money and privileges, which is why it seems as if they know and do better. Many poor people are better than the rich in terms of many things but are only unfortunate that they are poor, especially when they find themselves in a very bad country. While some lucky ones still find their way to the top, and some rich people become poor due to mismanagement."
The link to the original post: https://bitcointalksearch.org/topic/m.60925934
What many rich don't understand, especially those who have been born into it rather than earned it (surprisingly common) is just how hard it is for people on low incomes to do any type of meaningful saving - the idea of investing would be a pipe dream. Any chance that lower income people get to save money is often overridden by immediate demands which will wipe out smaller saving pots that might have taken a long time to accrue. There is also the idea that it is expensive to be poor. People on higher incomes might spend $250 on a pair of work shoes that last three years, as opposed to those with less income who are forced to spend $100 every 9 months because they wear out a cheaper version much quicker.
Pretty hard to discuss which is "better" knowing that there are a crap ton of factors to take into consideration when discussing "rich" vs "poor". Arguments from both sides are painted with a broad brush, as if all "rich" people think the same, and that all "poor" people think the same as well. Which obviously is not the case.
You are absolutely right. Judgment on who is better should be done on contextual bases and the metrics must be as narrow as possible. But then again it is a hard thing to do. There will always be rich people and there will always be poor people. But I will say that rich people have more opportunities than the poor. They do not just make their money work for them, they also make their network work for them too. 
So, What can a poor parent teach them children bout Money ?
I don't understand the irony. For example, I will tell you a story from my country. A poor family with several minor children is engaged in the sale of products that are given to them to sell by more affluent people. So their children are completely deprived of an education. They forbade them to go to school, explaining that helping the family at the moment is more useful than expanding the horizons of children. Children are deprived of the Internet and all the other things that ordinary children have. They are far behind in development.
If parents wanted a different life for their children, they would probably give them a chance.
But the future for children will be exactly the same. They will sell other people's vegetables and receive a very small percentage in return.
There is not a single chance to get out of poverty for such people. And if we compare people who understand the value of education, they will first invest all the money in the development of their child, thereby building his future.
So, What can a poor parent teach them children bout Money ? 
The Rich will get better cause they do this at home to them kid's.
This has been the issue till date, still playing by the old rule's and rat race. Can you be specific ? ( Knowledge bout education? Money ? ) Not picking on you in the slightest way here.
Just as you have concluded, it's all for the poor to bring his/her ideas and dream's to reality. OP, dream's come to reality you know, it takes a lot of work, discipline, passion and consistency. One can't skip all of this. You have to take Bold steps to bring those dreams and positive mindset to Real life.
The Rich will get better cause they do this at home to them kid's.Not all rich people are born rich. Someone was able to make himself. But many poor people are born that way. And if they are lazy, they will resign themselves to their status for the rest of their lives, complaining that they were not born under a lucky star. If the parents of poor children do not motivate them to acquire knowledge, then poverty will continue from generation to generation.
Be that as it may, it all depends on the person and on his desire to escape from poverty. I'm not talking about wealth, but everyone can improve their life status.
In the same way, it can be said that some rich people, without proper handling of their money, can suddenly become bankrupt, that is, poor.
Therefore, following the saying, "If you are born poor, it's not your mistake, but if you die poor, it's your mistake," you should not complain about poverty, but you should act in order not to be it.
Be that as it may, it all depends on the person and on his desire to escape from poverty. I'm not talking about wealth, but everyone can improve their life status.
In the same way, it can be said that some rich people, without proper handling of their money, can suddenly become bankrupt, that is, poor.
Therefore, following the saying, "If you are born poor, it's not your mistake, but if you die poor, it's your mistake," you should not complain about poverty, but you should act in order not to be it.
This has been the issue till date, still playing by the old rule's and rat race. Can you be specific ? ( Knowledge bout education? Money ? ) Not picking on you in the slightest way here.
Just as you have concluded, it's all for the poor to bring his/her ideas and dream's to reality. OP, dream's come to reality you know, it takes a lot of work, discipline, passion and consistency. One can't skip all of this. You have to take Bold steps to bring those dreams and positive mindset to Real life.
Not all rich people are born rich. Someone was able to make himself. But many poor people are born that way. And if they are lazy, they will resign themselves to their status for the rest of their lives, complaining that they were not born under a lucky star. If the parents of poor children do not motivate them to acquire knowledge, then poverty will continue from generation to generation.
Be that as it may, it all depends on the person and on his desire to escape from poverty. I'm not talking about wealth, but everyone can improve their life status.
In the same way, it can be said that some rich people, without proper handling of their money, can suddenly become bankrupt, that is, poor.
Therefore, following the saying, "If you are born poor, it's not your mistake, but if you die poor, it's your mistake," you should not complain about poverty, but you should act in order not to be it.
Be that as it may, it all depends on the person and on his desire to escape from poverty. I'm not talking about wealth, but everyone can improve their life status.
In the same way, it can be said that some rich people, without proper handling of their money, can suddenly become bankrupt, that is, poor.
Therefore, following the saying, "If you are born poor, it's not your mistake, but if you die poor, it's your mistake," you should not complain about poverty, but you should act in order not to be it.
#1 Your point: Rich people make money work for them.
My opinion: Poor people are doing the same too with the little they have.
#2 Your point: Rich people spend on necessities and what is needed not what is desired.
My opinion: The poor people are more prudent than the rich because they have limited resources.
#3 Your point: Rich people are eager to learn but poor people are not eager to learn.
My opinion: I disagree with you, poor people also learn, it is evident around you my friend. They even learn under unfriendly conditions compared to rich people. Just a piece of evidence that they learn, they are used as skilled labour in every facet of life by the so-called rich. Do you think they can fit in if they did not learn?
1. Lower income brackets are less likely to own stocks, bonds and invest. They're less likely to make money "work" for them by engaging in passive revenue or dividend or interest based gains.
2. In my experience the poverty demographic is the least disciplined and most impulsive in their investment and financial strategies.
3. Do they learn? The poverty income bracket is the most disadvantaged demographic in terms of education and learning. AFAIK it has always been that way throughout history.
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