Topic: Rich Mindset vs Poor Mindset : 6 key differences - page 10. (Read 3837 times)
The basic thing that distinguishes between Rich and Poor Mindset is a positive mind and prejudice, when it fails, Rich Mindset will think as a lesson and experience to continue to be better, while Poor Mindset when it fails will stop and blame anything, And he will continue to think and regret but never want to try or correct failure.
This is one of the best of comments in this thread in the sense that each of us should be attempting to assess our own situations in terms of our financial and psychological circumstances in such a way that we are striving to build, so that with the passage of time we are more likely than not to incrementally improve our circumstances and those incremental improvements are more likely to capitalize upon themselves - even if we are likely to run into quite a few set-backs (and mistakes) along the way. Getting rich and being rich is not likely a categorical location but a journey that we can strive to reach and we may or may not end up reaching the most lofty of our goals, but if we are working towards that direction (without over doing it, hopefully), then it is more likely that we will increasingly be putting ourselves into better situations with the passage of time.. and with the more passage of time, the more measurable the ups and downs end up showing themselves to be trajectoring in the upwards direction.
Anyone can get out of the problem at hand, because one's success will depend on oneself. To get there we must know what needs to be done before making decisions to improve circumstances and improvements in our lives. By identifying before taking life-changing action, we can easily make decisions that are relevant and on target.Being rich is not a requirement, but almost all individuals in this world want a decent and stable life. Some people perceive that wealth can bring happiness and peace in life. But if we examine it more deeply, the happiness and serenity of life lies not in how much wealth we have, but in being grateful for what we already have.
At the same time, there are no guarantees that in the long run that we will trajector our financial and psychological circumstances in the upwards direction with the passage of time, yet it seems that if we are striving to learn from our mistakes and to NOT be too radical in terms of taking too many risks (taking some risks is likely a good thing as long as we either place ourselves in a position to take risks or assess ourselves to be in a position to be able to tolerate the risks).
Basically, anyone has ever made a mistake, someone made a mistake more dominantly because they didn't know or had never had experience doing certain things. In this position we must think wisely, what is needed is action to do something so that the same mistake does not occur. Instead of regretting what keeps us in the shadow of past mistakes for too long, it's better to use those mistakes as learning and experience.Each of us will be limited in terms of what we are able to achieve, and surely some folks are going to have advantages over us, so we may or may not be able to catch up financially or psychologically to some folks who are advantaged over us, but it does not seem healthy to necessarily be competing against others in any kind of obsessive way - but at the same time, it is good to set goals to be able to measure progress whether we are measuring against ourselves in various ways and/or comparing to others in the sense that sometimes we can get some better senses of progress if we are engaging in some healthy comparisons.
The level of knowledge of a person in a particular field is always different, we do not need to force ourselves to achieve what others have obtained, this is also related to the peace of life. When we push ourselves too much to be like other people, this is where our weakness lies. Whatever we want to achieve is based on the ability we have to achieve life goals. There is no need to make comparisons with others, because we can never be someone else and vice versa.
1. The rich work without fear where else the poor stop to escape fear.
2. Rich people will make their money work for them where poor people work for money.
3. Rich people focus on what they want while poor people focus on what they don't want.
4. Rich people see business at every step of their lives where other poor people are driven by emotion.
5. Rich people are solution oriented where poor people will try to avoid problems.
6. Rich people never like to be average and they act on it whereas poor people also never like to be average but they never act because they just complain why they can't.
and rich people think long term, work hard, understand the value of money, invest, put their money in valuable assets or profitable businesses. Actually this is going to be a long conversation.
2. Rich people will make their money work for them where poor people work for money.
3. Rich people focus on what they want while poor people focus on what they don't want.
4. Rich people see business at every step of their lives where other poor people are driven by emotion.
5. Rich people are solution oriented where poor people will try to avoid problems.
6. Rich people never like to be average and they act on it whereas poor people also never like to be average but they never act because they just complain why they can't.
and rich people think long term, work hard, understand the value of money, invest, put their money in valuable assets or profitable businesses. Actually this is going to be a long conversation.
In most cases, poor people poorly think about their future and become hopeless because of fewer opportunities in life. While rich people are living to such imagination of multiplying their assets and money as they believe that they can do it. But I think poor people must change their mindset, being a poor person doesn't mean that we don't have a chance to improve our living. Of course, becoming rich in their position is really hard but if we just work hard and carry the mindset of a rich person, we can be closer to them someday.
For me, it depends on the definition of what it means to be rich or poor. For me, you are rich when you can provide for the basic needs of you and your family members (in Africa both extended family). If you can meet your needs and contribute the best you can to the community, then you are rich. There is a clear difference between meeting your needs and the ability to finance luxury. So if I go to a rural area and I meet an uneducated subsistence farmer who can provide for his family, he is rich.
Being rich can also be relative. You might feel that you are rich because you own fancy houses and cars and another is seeing by the number of medals he has won from running. Another man feels he is rich because he has written some good books.
Haven said that sometimes wealth or poverty is not a product of mindset. Yes, it is good to have a positive mentality toward success but sometimes these opportunities are lacking. There are people that lack the right environment to succeed. Yes, there might be exceptional cases when somebody would succeed in that area, but they are few. The opportunity to succeed in Europe is higher than the privilege to succeed in Africa. There are people that have never seen electric bulbs and would never see a phone or computer till they die.
You shouldn't compare the status of the rich and poor because the former has access to everything while the latter has restrictions on what he may achieve, including fame and money. Rich people have all the resources they need to be educated, to earn more money, and to spend it wisely however they see fit. As a result, they can learn anything there is to know about money.
Your answer is a perfect confirmation of the topic topic. You are looking for an excuse, and you present the situation like this: the poor are always poor from birth and have no opportunity, because they are poor and they have no opportunity to change anything. And the rich - he is immediately rich, he has everything, it is easy for him, and he always pours in money, because he is rich
You know the statistics - how many% of millionaires, for example, the last 50 years, had a good financial ladder, and how many percent did not have ? Look it up and you will immediately realize how wrong you are. It is always easier to find explanations for failure than to look for a path to success and achievements!negative and some is somewhat in the middle.
Who doesnt really like to live out a lavish life or financially free kind of living? For sure we are all thriving for that goal but somehow to those who do have inherited huge money and properties
does always have the advantage and this is what we should accept in speaking with reality.
There is most likely a whole complex - from ordinary laziness, to the complex "I was born poor, I will die poor, all my relatives and entourage lived like that." Well, self-positioning - such a person will not say "stop whining, take it and go, set goals - achieve, if it didn't work out - study and achieve." People are very often afraid to take on "higher goals". It's not good or bad, it's human nature. Yes, and most importantly, very few people are ready to admit their mistakes, weaknesses, shortcomings! And without recognizing the problem, it cannot be fixed!
Interesting, Understanding our own mindset is very important. This will allow you to understand and identify with the other person's mindset, which in turn will make you a more empathetic person.
The Rich Mindset is not about being a “taker” or “taker vs. giver”. We live in a world where so many people humble themselves for one reason or another for no reason. Let's do our best to be good to each other and encourage each other to be the best they can be. This will not only make you feel better about yourself but will help you become a contributing member of society whether Rich or Poor.
If you can eventually improve even the lives of one other person with the help of your positive mindset, wouldn't it be worth it?
In most cases, poor people poorly think about their future and become hopeless because of fewer opportunities in life. While rich people are living to such imagination of multiplying their assets and money as they believe that they can do it. But I think poor people must change their mindset, being a poor person doesn't mean that we don't have a chance to improve our living. Of course, becoming rich in their position is really hard but if we just work hard and carry the mindset of a rich person, we can be closer to them someday. The Rich Mindset is not about being a “taker” or “taker vs. giver”. We live in a world where so many people humble themselves for one reason or another for no reason. Let's do our best to be good to each other and encourage each other to be the best they can be. This will not only make you feel better about yourself but will help you become a contributing member of society whether Rich or Poor.
If you can eventually improve even the lives of one other person with the help of your positive mindset, wouldn't it be worth it?
🗝️🗝️ Rich people think of a long-term goals but poor people set at best short-term goals or none. They do not see the necessity of long-term goals such as money for future living. 🗝️🗝️
Sufficient needs will be prioritized by the poor rather than having to share the money they have for the long term while food and other needs are not fulfilled, that's the reason for the poor who are much different from the rich in terms of material
🗝️🗝️ Rich people tend to be risk takers but poor person is more likely to be risk averse. For example, when given an opportunity to invest in a startup, poor people are more likely to immediately turn this down. They do not see this as a chance to increase wealth. They see this as a reduction of their disposable income. 🗝️🗝️
when the poor have money from what they earn, there is certainly a separate record of what needs to be bought, in fact they are more likely to run into shortages more often if they can't manage it. they will not think about investing because to make money is very difficult to get, even though they realize investing can be profitable in the future
🗝️🗝️ Rich people are eager to learn but the poor people are not eager to learn. Most millionaires in the United States were not born millionaires, they learnt how to build wealth. The more they learn, the more they understand the world. 🗝️🗝️
The focus of working hard for money is certainly the main reason poor people choose to study which only spends money to pay for the subject matter to be studied. Rich people have more free time so they can choose to study continuously to fill their time because their finances can increase automatically from the results of the investments they have made in various companies.
Whatever people say rich or successful people sound good, people want to imitate them but this is very difficult to happen, successful people always think with the weaknesses and strengths that themselves have, and of course have a strong principle so it is not easily influenced by any condition
Interesting, Understanding our own mindset is very important. This will allow you to understand and identify with the other person's mindset, which in turn will make you a more empathetic person.
The Rich Mindset is not about being a “taker” or “taker vs. giver”. We live in a world where so many people humble themselves for one reason or another for no reason. Let's do our best to be good to each other and encourage each other to be the best they can be. This will not only make you feel better about yourself but will help you become a contributing member of society whether Rich or Poor.
If you can eventually improve even the lives of one other person with the help of your positive mindset, wouldn't it be worth it?
The Rich Mindset is not about being a “taker” or “taker vs. giver”. We live in a world where so many people humble themselves for one reason or another for no reason. Let's do our best to be good to each other and encourage each other to be the best they can be. This will not only make you feel better about yourself but will help you become a contributing member of society whether Rich or Poor.
If you can eventually improve even the lives of one other person with the help of your positive mindset, wouldn't it be worth it?
Getting rich and being rich is not likely a categorical location but a journey that we can strive to reach and we may or may not end up reaching the most lofty of our goals, but if we are working towards that direction (without over doing it, hopefully), then it is more likely that we will increasingly be putting ourselves into better situations with the passage of time.. and with the more passage of time, the more measurable the ups and downs end up showing themselves to be trajectoring in the upwards direction.
I completely agree, JJG, also here we are talking about getting rich in general but we could apply it to the specific case of Bitcoin. Getting rich, or improving your economic situation in the future with Bitcoin, is not a static thing or a categorical location either, as you comment, it is more of a process. Most of us do DCA in some of its variants and even if you invested a lump sum at the beginning, you have to overcome ups and downs. Think about who started buying Bitcoin or doing DCA last year near highs. Surely if you keep doing DCA now no matter if it rains or thunders you will be much better off financially in one cycle and even better off in two. But if you get carried away by the messages that Bitcoin is a ponzi scheme, that the market is rigged etc., panic and sell, you will not exactly have improved your financial situation.
Here we see an example of what we are talking about in this thread but applied specifically to Bitcoin, the difference between someone who believes that the future is in his hands despite the circumstances, and that he will have to overcome ups and downs; and someone who believes that the circumstances are in charge, and unfortunately acts accordingly with that belief.
there is indeed a big difference in mindset between the Poor and the Rich. As in the level of achievement to be achieved. even in the education system in the family is different. but I also find many people who are poor in wealth but very rich in morality and thought. so sometimes the measure of poor and rich is divided into two types. that is
1. poor and rich in terms of property.
2. poor and rich in terms of morality/character/individual/heart/mind.
because sometimes we find many people who are rich in terms of wealth but they always feel lacking (poor in thought). so they continue to feel thirsty for material possessions and sometimes they become so frustrated in life and unhappy.
1. poor and rich in terms of property.
2. poor and rich in terms of morality/character/individual/heart/mind.
because sometimes we find many people who are rich in terms of wealth but they always feel lacking (poor in thought). so they continue to feel thirsty for material possessions and sometimes they become so frustrated in life and unhappy.
Many businesses started from a loan, and it’s not bad at all because it can also a big help for your business especially if you are planning for an expansion. Loans are ok as long as you will put it on something that generates income, but if you just use it into other things, then that could be a bad debts. There’s a bid difference between poor and rich minded, many think that they are doing good but in reality they are not, having a rich mind is not easy though it might take a lot of sacrifices as well.
Commonly people use loan money for something that can generate income, but make sure it has a great opportunity to earn profits.If it is for an expansion, it's not at the beginning of a business, but it is for the further development of an established business.
Using loan money for a business startup isn't a good idea since we don't know what the probability of success is. But if the loan money is for the further development of an established business, it is not a bad idea because we know that the chance of success is higher.
As much as possible, if you are just starting up, use what you have.
There's nothing wrong starting from small beginnings, that's when you will also see the potential of your business.
Taking a loan without the assurance of generating income, would only give you a headache because you may not collect the amount for your dues.
I can agree that if it is for expansion, then, you have better chance of returning your loan at your specified arrangements.
Your answer is a perfect confirmation of the topic topic. You are looking for an excuse, and you present the situation like this: the poor are always poor from birth and have no opportunity, because they are poor and they have no opportunity to change anything. And the rich - he is immediately rich, he has everything, it is easy for him, and he always pours in money, because he is rich You know the statistics - how many% of millionaires, for example, the last 50 years, had a good financial ladder, and how many percent did not have ? Look it up and you will immediately realize how wrong you are. It is always easier to find explanations for failure than to look for a path to success and achievements!
Certainly who you are responding to is not going to get rich in life with that mentality. Aside from the fact that I don't usually talk about getting rich so much as improving your financial situation. People like him are going to remain poor all his life, while someone who believes he has room to maneuver, will make an effort, save and invest so that his economic situation will be better in the future. Barring catastrophe, the longer term, the better off they will be. You know the statistics - how many% of millionaires, for example, the last 50 years, had a good financial ladder, and how many percent did not have ? Look it up and you will immediately realize how wrong you are. It is always easier to find explanations for failure than to look for a path to success and achievements!This is one of the best of comments in this thread in the sense that each of us should be attempting to assess our own situations in terms of our financial and psychological circumstances in such a way that we are striving to build, so that with the passage of time we are more likely than not to incrementally improve our circumstances and those incremental improvements are more likely to capitalize upon themselves - even if we are likely to run into quite a few set-backs (and mistakes) along the way. Getting rich and being rich is not likely a categorical location but a journey that we can strive to reach and we may or may not end up reaching the most lofty of our goals, but if we are working towards that direction (without over doing it, hopefully), then it is more likely that we will increasingly be putting ourselves into better situations with the passage of time.. and with the more passage of time, the more measurable the ups and downs end up showing themselves to be trajectoring in the upwards direction.
At the same time, there are no guarantees that in the long run that we will trajector our financial and psychological circumstances in the upwards direction with the passage of time, yet it seems that if we are striving to learn from our mistakes and to NOT be too radical in terms of taking too many risks (taking some risks is likely a good thing as long as we either place ourselves in a position to take risks or assess ourselves to be in a position to be able to tolerate the risks).
Each of us will be limited in terms of what we are able to achieve, and surely some folks are going to have advantages over us, so we may or may not be able to catch up financially or psychologically to some folks who are advantaged over us, but it does not seem healthy to necessarily be competing against others in any kind of obsessive way - but at the same time, it is good to set goals to be able to measure progress whether we are measuring against ourselves in various ways and/or comparing to others in the sense that sometimes we can get some better senses of progress if we are engaging in some healthy comparisons.
Many businesses started from a loan, and it’s not bad at all because it can also a big help for your business especially if you are planning for an expansion. Loans are ok as long as you will put it on something that generates income, but if you just use it into other things, then that could be a bad debts. There’s a bid difference between poor and rich minded, many think that they are doing good but in reality they are not, having a rich mind is not easy though it might take a lot of sacrifices as well.
Commonly people use loan money for something that can generate income, but make sure it has a great opportunity to earn profits.If it is for an expansion, it's not at the beginning of a business, but it is for the further development of an established business.
Using loan money for a business startup isn't a good idea since we don't know what the probability of success is. But if the loan money is for the further development of an established business, it is not a bad idea because we know that the chance of success is higher.
Sometimes taking some loan on banks arent really always a bad decision yet i've been doing this for past decade and it did really turn out to be positive.Lets talk about those casual physical business that we do know.If you are really that serious on having business and then you dont have any choice then you would really be taking up some loan and since bank interest isnt really that high comparing on the possible earning
that you could get on that investment of yours then you wont really be that mattering on that interest anymore thats why its wrong that you should cross out that loan option but as much as possible
if you do have the money on starting up a business then go ahead but if you dont have any other option then its not bad on going into this choice.
Many businesses started from a loan, and it’s not bad at all because it can also a big help for your business especially if you are planning for an expansion. Loans are ok as long as you will put it on something that generates income, but if you just use it into other things, then that could be a bad debts. There’s a bid difference between poor and rich minded, many think that they are doing good but in reality they are not, having a rich mind is not easy though it might take a lot of sacrifices as well. that you could get on that investment of yours then you wont really be that mattering on that interest anymore thats why its wrong that you should cross out that loan option but as much as possible
if you do have the money on starting up a business then go ahead but if you dont have any other option then its not bad on going into this choice.
most people don't even save much to invest?
Many are just saving their money to buy things and not actually to save for investment staff.I’ve read the book rich dad and poor dad and there’s indeed a big difference between this two. You can notice that many are still into a poor mindset where they are too attached to materials things and their wants, we cannot force them to invest of course because we all have our own timeline. If you want yourself to succeed in life, investment decision is a big factor on that.
that you could get on that investment of yours then you wont really be that mattering on that interest anymore thats why its wrong that you should cross out that loan option but as much as possible
if you do have the money on starting up a business then go ahead but if you dont have any other option then its not bad on going into this choice.
most people don't even save much to invest?
Many are just saving their money to buy things and not actually to save for investment staff.I’ve read the book rich dad and poor dad and there’s indeed a big difference between this two. You can notice that many are still into a poor mindset where they are too attached to materials things and their wants, we cannot force them to invest of course because we all have our own timeline. If you want yourself to succeed in life, investment decision is a big factor on that.
Your answer is a perfect confirmation of the topic topic. You are looking for an excuse, and you present the situation like this: the poor are always poor from birth and have no opportunity, because they are poor and they have no opportunity to change anything. And the rich - he is immediately rich, he has everything, it is easy for him, and he always pours in money, because he is rich You know the statistics - how many% of millionaires, for example, the last 50 years, had a good financial ladder, and how many percent did not have ? Look it up and you will immediately realize how wrong you are. It is always easier to find explanations for failure than to look for a path to success and achievements!
You know the statistics - how many% of millionaires, for example, the last 50 years, had a good financial ladder, and how many percent did not have ? Look it up and you will immediately realize how wrong you are. It is always easier to find explanations for failure than to look for a path to success and achievements!Certainly who you are responding to is not going to get rich in life with that mentality. Aside from the fact that I don't usually talk about getting rich so much as improving your financial situation. People like him are going to remain poor all his life, while someone who believes he has room to maneuver, will make an effort, save and invest so that his economic situation will be better in the future. Barring catastrophe, the longer term, the better off they will be.
most people don't even save much to invest?
Many are just saving their money to buy things and not actually to save for investment staff.I’ve read the book rich dad and poor dad and there’s indeed a big difference between this two. You can notice that many are still into a poor mindset where they are too attached to materials things and their wants, we cannot force them to invest of course because we all have our own timeline. If you want yourself to succeed in life, investment decision is a big factor on that.
most people don't even save much to invest?
Many are just saving their money to buy things and not actually to save for investment staff.I’ve read the book rich dad and poor dad and there’s indeed a big difference between this two. You can notice that many are still into a poor mindset where they are too attached to materials things and their wants, we cannot force them to invest of course because we all have our own timeline. If you want yourself to succeed in life, investment decision is a big factor on that.
turns out that they are just spending up their money on something that do really depreciate fast like cars and other things ends up on being a liability.
If you do mind on making yourself better in terms of finances then you would be mainly minding about having some investment and saving up and trying to accumulate
as much as you could until you do able to make yourself purchase with some assets which would generate out some income.
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