Topic: Rich Mindset vs Poor Mindset : 6 key differences - page 2. (Read 3837 times)

But could not put all the responsibility on the shoulders of parents, I have witnessed many poor families who do not have time to teach their children, only working until death. And there are kids who understand, although no one teaches them that, they never resent their parents, instead, they help them and have a high determination to try so that their parents won't have to suffer anymore. The environment plays a very important role, but each person's perception is even more important.

I disagree with the point that parents are always the role model most of the time children are opposite of their parents
Some of the very religious parent have very corrupt children and I have witnessed these situation personally.

Bro you are right because poor people are daily labourers.
   How do they invest in the long term? It is not possible for them. Long term investment only
 For rich people.

There is a wide gap between the rich and the poor. They both have different mindset.

🗝️🗝️ The rich believe that money makes money. They see money as an opportunity but the poor people see it as something to be earned. 🗝️🗝️

🗝️🗝️ Rich people make money work for them. Instead of just working and relying on income, a rich person would take a proportion of their income and invest it but the poor people are said to work for money. A poor person sees $1000 as just $1000. A poor person works paycheque to paycheque for the rest of their life. They neither save nor invest any part of their income. 🗝️🗝️

🗝️🗝️ Rich people spend on necessities and what is needed not what is desired. A rich person with a perfectly functioning phone would not need to spend money on a new one. A truly rich person does not care about trends, they care about net worth. Poor people spend on both necessities and desires. A poor person spends beyond their means. They care about the latest trends, not about net worth. 🗝️🗝️

🗝️🗝️ 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. 🗝️🗝️

🗝️🗝️ 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. 🗝️🗝️

🗝️🗝️ 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. 🗝️🗝️

Reference: https://novamoney.com/blog/5-key-differences-between-a-rich-mindset-and-a-poor-mindset

Conclusion
👉👉Recognize where you stand and how you would like to move forward. Having a poor mindset may made your poor forever. The mindset you have will determine the level of your achievement.

👉👉Never get confused about your recent status. Confusion brings distracted and lack of focus. It never to late for a change in mindset. Work on yourself, think positively, be focus, have a dream and work towards your dream to achieve great success.

But could not put all the responsibility on the shoulders of parents, I have witnessed many poor families who do not have time to teach their children, only working until death. And there are kids who understand, although no one teaches them that, they never resent their parents, instead, they help them and have a high determination to try so that their parents won't have to suffer anymore. The environment plays a very important role, but each person's perception is even more important.

The parent is even the one with the greatest role. A child begins his/her journey from home. Whatever he/she is taught is what people outside will build on. That is why is advisable for parents to train their children well especially in the early stage.

Our mentality is also a function of our environment , so a good environment that is good for learning and reading will help to shape the knowledge and orientation of someone. Also there is a role that parents play to shaping of the mentality of the young person. Putting the young person in the direction of education, exposure, character formulation , teaching of financial freedom help to go a long way in how they can easily find support like loans to reach their financial destination.

Rich was always measured by money or assets, but some people will also say they are rich with love from their family. We know some of the rich don't have time for their family and loved ones as they work for the money, but with those who say they are rich as long as they have food, they are good, and it is not always about money that brings happiness. Not all of us want to be rich; we just want to live simply and have food on the table. Some of us want to be rich; others want to be rich but are lazy, which means they can't achieve it without doing anything.

everyone has their own views according to their feelings. success is not just material, it is different from being rich, which is calculated from the amount of material one has. so success can be measured by the level of satisfaction of each person, even though the material is not as much as someone who is rich but he can feel enough and be grateful for what he has achieved. there are also people who we view as poor but they feel sufficient, because they do not have the desires of people in general

On the time that you do reach out that particular state on being rich then you could really recognized yourself that you had succeed out on applying your knowledge and those plans you do have in mind.

Its always better and recommendable that you should really set up some goals and targets that you should need to reach up because if you wont really be able to set those things then you are really that like on someone who doesnt really have the path on what you should gonna do, unlike when you do have those perceptive on things or conditions that you are really wanting to achieve
then you would really be having that inspiration.

There is a wide gap between the rich and the poor. They both have different mindset.

🗝️🗝️ The rich believe that money makes money. They see money as an opportunity but the poor people see it as something to be earned. 🗝️🗝️

🗝️🗝️ Rich people make money work for them. Instead of just working and relying on income, a rich person would take a proportion of their income and invest it but the poor people are said to work for money. A poor person sees $1000 as just $1000. A poor person works paycheque to paycheque for the rest of their life. They neither save nor invest any part of their income. 🗝️🗝️

🗝️🗝️ Rich people spend on necessities and what is needed not what is desired. A rich person with a perfectly functioning phone would not need to spend money on a new one. A truly rich person does not care about trends, they care about net worth. Poor people spend on both necessities and desires. A poor person spends beyond their means. They care about the latest trends, not about net worth. 🗝️🗝️

🗝️🗝️ 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. 🗝️🗝️

🗝️🗝️ 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. 🗝️🗝️

🗝️🗝️ 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. 🗝️🗝️

Reference: https://novamoney.com/blog/5-key-differences-between-a-rich-mindset-and-a-poor-mindset

Conclusion
👉👉Recognize where you stand and how you would like to move forward. Having a poor mindset may made your poor forever. The mindset you have will determine the level of your achievement.

👉👉Never get confused about your recent status. Confusion brings distracted and lack of focus. It never to late for a change in mindset. Work on yourself, think positively, be focus, have a dream and work towards your dream to achieve great success.

I don't think the concept is like that, success is how a person has a certain goal in his life and then achieves it with all his efforts then he can be said to be successful, while being rich is materially oriented or has a lot of money and living in luxury, of course this is different, I agree if everything we do is to achieve the success of our goals, but I don't agree if everything we do is to get rich because it will have a negative connotation maybe if so your thinking is to be rich, maybe you will do the same thing as SBF being a fraud.

There are many theories to make us successful and rich, of course all of these are good things, but not necessarily in accordance with someone, sometimes rich people do the opposite of the techniques above, and this is life because rich or poor is always a mystery and what we have to do is do everything to be successful and rich.

That's right, don't ever compare it because everyone is different in the experience of becoming a successful person, just make it a motivation for us while we do something different but there's no need to measure those who have been successful if you keep on comparing it will be frustrating always distinguishing between them.

Complaining while walking will be better than complaining and looking at other people while we are silent and doing nothing, the chances of success are quite a lot by doing what is planned, and never believing that luck is not on our side, basically this is not Gambling but trying on other businesses that have potential.

The important thing is not to measure other people's success as a benchmark for your success and compare other people's efforts to what we are doing either from failure or success, because basically everyone has a different response to situations of psychological stress that is influenced by mindset and experience.
Complaining is a natural thing but it's not good if you keep sinking in that position, in fact it will make you farther from your goal because complaining will never solve the problem and if you keep silent and do nothing after your failure, you are guaranteed to fail when you are no longer doing anything for your goals.

Those are also good points because it seems that the various kinds of goals that can be set do not need to be ones that are out of reach, but instead, a person can be content with his/her lot in life, but at the same time, working towards reaching goals that s/he believes will improve his/her lot along the way.. and surely some of the goals might be easy to reach and others might be aspirational.. but not necessarily deal breakers (or something to cause unhappiness) if they become too difficult to obtain.. ..

Another aspect could be considering that there are quite a few people who have to work a lot of hours each day, week, month in order to just sustain the monthly expenses, so realistically, there may ONLY be a limited number of hours that could be dedicated towards attempting to reach certain goals that might end up freeing up more time from having to work, so if more time is freed up from having to work, then more time can be used towards working on goals (that is to the extent that the kind of work that is done to put food on the table may or may not be also working towards the longer goals, so in some sense, it might make sense to switch jobs (even if it does not pay as well) if it allows for more time to be spent simultaneously working towards longer term aspirational goals). 

Regarding your point about being lazy, each of us has the right to choose how much we want to be lazy or how much time we want to spend on attempting to reach goals or even how much time that we feel that we need for recreation and entertainment activities that might not be directly related to reaching our goals... and sometimes if we are able to combine our activities, then that can free up other time that we have in order that we have the luxury of having downtime in which we are able to be "lazy" without having to feel guilty about that.

I agree with what you said... and indeed to achieve something it takes time and struggle.

but if I think in this life do not care about rich or poor. because the poor are not necessarily sad, the rich are not necessarily happy.
because in my opinion a rich person is a person who is always grateful in any circumstances.

but don't be lazy to try, and don't give up when there are obstacles.