Topic: Rich Mindset vs Poor Mindset : 6 key differences - page 5. (Read 3837 times)

    In general, the thoughts of rich people are always positive and always ready to lose their capital, always ready to gamble or sacrifice the money they will use.

    They always dream big for their family and other reasons, and "They always think Big, Big Dreams, always dare to fail, and So on". That's how they think they take whatever it takes not just doing all their best only.

Setting goals for yourself and working todays the goal is the best way to make the impossible to be possible, if something is going to take me 5 years to achieve I won't rely on a single strategy, 5 years is not a joke and my effort could go to waste if all I have is one strategy, it's just like putting all your eggs in one basket.

To avoid this you need more than one good strategy, if you want to investment make sure you diversity.

I came from a poor background and I walk my way up, it took me a very long time and that's why people do not believe in me, in my country most youths like magical effect when it comes to money, a shortcut to riches is their dream.

Many people says writing the goal is so important to accomplish it - I plan it all the time and then I don't do it.
although we all have to die - but than we have to struggle to make our living better - everytime I attend a funeral I lose interest in the life.

That's a great point Crypt0Gore.  One thing is to set goals, but another thing is to realize that it can take a long time to reach the more fulfilling goals, so one of the techniques that I recall from my youth was to consider various levels of goals, and to attempt to have some longer term goals in mind that all kind of lead to an ultimate goal (of course, these can be changed as they are reached or get closer to being reached) and then to strive towards making progress towards the goals on a daily basis... there surely will be subgoals in the middle, so the subgoals that are on the list may well be various things that need to be achieved (or are on one path) towards achieving the BIGGER goal.. but also sometimes the paths along the way (and subgoals), might have some divergences or failures; however, there can be alternative paths that could still allow for striving towards the ultimate goal, but ONLY become known or pursued once a previous path might no longer be applicable.

You can also write down a goal on a piece of paper and look at it everyday to ask yourself "what have i done today to make progress towards that goal?", and to attempt to continue to be realistic in terms of frequently the progress being incremental and sometimes set backs along the way.. and sometimes there also might be breakthroughs or luck in which a lot of progress happens in a short time, perhaps based on previous preparations that put the person in a position of being able to take advantage of opportunities (short-cuts) that end up presenting themselves.. then if the goal looks too easy because you thought that you were going to reach it in 20 years, but you reach it in 10 years, that should not preclude setting new goals.

its about mindset and effort and consistency - I have 2 friends - one who keep struggling  and the other who keep planning
The one who keeps planning makes good plans and never fulfill them and the one who struggling - although haven't achieved well but at least he has been working hard with honesty

It's all about the mindset, imagine setting a goal of 5 years in mind, if you share that dream with the poor they will shout, saying they can't ever wait that long or they will think about death, like ' what will happen if I don't live that long, excuses upon excuses.

Years ago I tried to hard to bring people up, dream together and make something for ourselves, but they don't believe, they are the type that like quick action, get rich in weeks or months.

That is right - for the people with rich mindset - they really value time. For them it is money.
I now value time - and I now work to earn heard. Earlier I was spending too much money on the other people and that was one of my biggest mistake - I was very giving. Now I realize that selfish people should be kept at arm's length.

Rich mindset Not people, as rich people tend to have different lifestyles, and some of them want to flex everything. On the other hand, some people like us want to spend a lot of time finding the best outfit for them because they want to flex and want others to see that our outfits are good. It is time consuming, but some of us do not treat time as gold, and I am one of them; I can't blame myself because I have nothing to think about, whereas those with rich mindsets do, such as their businesses and how they will improve them; they also wear the same color shirt to avoid being late to meetings. The poor mindset is when we settle for less even when we can have more because we are simply lazy.

There is no difference between rich and poor, the ultimate goal is still to make money, only the method of making money is different. Poor people have to earn money by labor because they don't have much money and rich people because they already have money so they will use the money to make money.

Investment does not discriminate between rich and poor, while some poor people are lazy and do not strive to change their lives. Besides, there are also many poor people who try every day but the situation is too difficult so thinking about investing is a big problem. We often advise each other, only invest with the amount that we are willing to accept to lose, not invest with all our assets. So the poor have reason to be afraid to invest.

once I read - rich people wear one colour of clothing all the time. And the reason is they don't want to waste time deciding what to wear.
and they spend time making the real decisions. People like us - spend so much time in dressing and stuff. And it takes so much of our time!

Usually people who are still afraid of mistakes will not do much to change themselves for the better because they always think about mistakes. Even though if only he wanted to try to do something without thinking about mistakes, in the end he would also be very good because he already knows which is the truth so he can sort it out so he doesn't make a mistake.

And people who prefer to spend their money in life without remembering to make an investment actually don't matter as long as that person is already rich and has made money work for him as you say. But if he is still in a poor condition, it is better if he is willing to struggle through his maximum efforts, including through investments that can benefit him in the future.

Education is the only source through which uplifting can happen. This can be done by the government, because there are kids that stopped schooling and working to feed the family. At such situation the poor doesn't have anything to spend than thinking about the day's survival. Things could change and we need to support with proper direction which is the best one can do.

But I got some point in not mentioning it because he wants to encourage poor people to think big and succeed. In fact, many poor people have changed and pushed themselves to work hard but unfortunately, not all become successful. Mr. Kiyosaki is just expressing what he experienced during his young age but if we ask those who are really poor condition, I mean those who are really in the dip situation, we can assess that it was not the mindset making you rich but financial education as well. Meaning, they still need to spend more money for this, yet they don't have any to support it - they lose the opportunity.

I think mindset depends on what the person has learned in his life.  Whether the person is rich or poor, is not the question in here, there are poor people with the same mindset as rich people while there are rich people that have a mindset worst than poor people.  At the end of the day, it is access to financial knowledge that affects one mindset when it comes to financing so I think it is biased to think that poor people can never have the same mindset as rich people.

Robert Kiyosaki is just exposing why people stay poor while why people become rich.  there is some solid guide in his book but somehow I felt that he isn't exposing everything.  Like he isn't started as a poor guy and more.

One thing that sets poor people from rich people apart, and I read this in the Robert Kiyosaki Book "Rich Dad Poor Dad", is that Poor people tend to own liabilities, whilst rich people own assets. Poor people like to take out loans for stuff that would depreciate in value over time, phones, cars, luxury items, and the likes. They do this for various reasons, mostly to look rich. Rich people do not have that inferiority complex within them so instead of spending thousands of dollars on stuff that wouldn't mean anything in the long run, they acquire assets. Stocks, bonds, lands, even crypto for some. They do this to make more money, and to be really rich through and through. Rich people take out loans too, but not to buy more liabilities, they take out loans, which are essentially money that isn't theirs, to buy assets under their name, which in turn flips up money for them, which they get to keep.

It is not our mindset, it is a capability of a person. Some live poor, their beginning is poor already, though they wanted to become rich or even just have a better life but because of their situation, it is only just a dream. While those who are born rich already, simply have the opportunity to sustain and grow their money more.
Though we can say that everyone has the opportunity to become rich and achieve their goal. Yes, there is but we can deny that it was a big challenge for the poor people and some of them quit and are just contented with what they have today.

First of all, when I see the poor, one thought always comes to my head, which is, "Did these people just choose to be poor?" When I see the rich people too, I begin to wonder: "Did they also choose to be rich?" is not that simple.

But I have come to understand that richness is from the mind (mindset), and poverty is also from the mind.


Let me illustrate this example: [Back then, in 2008, an uncle of mine was still in high school, while I was in junior secondary. So one day he returned home crying with his mom (my grandma). I was shocked at their expression, so I asked what happened, and my uncle told me that he would not be able to further his education because there was no financing and nobody agreed to help. 

I started crying too, asking myself if it meant I would not finish my educational career either. To cut the whole story short, my uncle finished his Bachelor of Law degree, his Masters degree, and his PhD at the University of Aberdeen, Scotland; he owned a business that is being managed by his wife in London; and recently he was enrolled as a solicitor in Scotland.]


I'm not saying all that because I just wanted to blab, but because the situation with us back in 2008 was poor, but today it is not as it was then. Things were so difficult for us that we should have given up, but yet we never cultivated that mentality of poverty. 

We worked with three more keys: self-determination, self-discipline, a rich mindset, persistency, hard work, and overzealousness. 


So why I said richness is from the mind is because when you have the mind set for wealth, you will open your mind and hands to opportunity, and even when the opportunity is not coming, you will still strive hard to create the opportunity for yourself. When you have that mindset of wanting to be rich, you become too conscious of your time. You analyze an opportunity technically and logically, and you define what good can come out of it. When you have a rich mindset, you discover how much you are worth, and you make things happen around you and not just sit and wait until things happen. A rich mind set gives you that zeal to be calculative, and even before taking any risk, you are already determined about the action to take when the result you get is not what you expect.


The poor mind is even too scared to try; the poor mind is too scared to lose; the poor mind ventures into what can only give them quick money, so they don't look at the risk of what they are venturing into. The poor mind will believe everything they are told; for example, tell them, "Your dad was not rich, your granddad was not also rich, and you will not be rich either." Because they have a poor mentality, they begin to think that poverty runs in their family. Lmao🤣🤣

Poor mentality is like a cage that binds people to only one circle. When you see them (the poor), they are always in the same stage of life, making the same mistake over and over again.


Gift a rich mind $1000, and they will think of ways to multiply the money and spend only the profit it will generate. But give a poor mind $1000, and you will see him thinking of ways to lavish it on a few of his desires.

It's true, sir, people with a poor mentality if given a lot of money will spend their assets while people with a rich mentality will invest if given a lot of money, people with a poor mentality spend money on their desires while people with a rich mentality spend money on their needs.

I have found that many poor people are less self-aware, get even a little fortune and go crazy shopping for things they don't necessarily need.

Yes Very realistic difference. The poor and middle class work for money, while the rich tell their money to work for them.
actually investing does not have to be rich and poor, the most important thing is that the financial mindset must be changed. Fear of making mistakes means you are not ready to know the truth.

People prefer consumption over investment, because to show off their lifestyle on social media, people like this never think long term.

Got this mindset actually and people think that as "living averagely" which they describe it as a boring, but for me, it feels like more than enough for me.

Considering how hard is it to live these days and it almost felt like a survival struggle, I would consider being able to pay bills comfortably while being able to go out a little bit to have fun is richer than what other people can see. Net worth does not define the whole meaning of "being rich'.  I can still recall plenty of unhappy people with large amount of net worth.