Skip to main content

Poor Mindset Vs Rich Mindset

 


  Keep in mind, this is not about rich people vs poor people. Maybe you are rich, but we never know next week you are suddenly poor. Perhaps you are poor, but we never know tomorrow you become rich. If you haven't figured it out, being rich is not all about money. It's about the right mindset. There are many poor people with a rich mindset, financially poor due to circumstances. There are many rich people with a poor mindset. So what is the difference?

  If you have spent any time on social media such as Instagram, TikTok, or Youtube, you've no doubt seen people posting content about their luxury lifestyles. For some, the images are real. But for others, there is a lot of debt, poor credit, and zero saving behind the scene. This is a key differentiator between rich and poor people. Living in luxury can be one of the habits of the poor mindset. So, let's move on to the point.

  Resourcefulness. A rich mindset understands that the first goal is to gain a surplus of resources. Then, use that surplus to accelerate things. It can accelerate education, business, and investment. On the other hand, a poor mindset immediately sees a surplus as an opportunity for consumption and inflates its lifestyle. They don't really care about making side businesses or investments to make more income. To look more luxurious and wealthy among others is prioritised.

  Take risks. Another difference between the rich mindset and the poor mindset is that the rich mindset understands that in order to succeed, one must take risks. Poor mindsets do not take big risks because they only see the potential for disaster instead of the reward. Those with a rich mindset are more likely to work outside of their comfort zones by taking risks on investments and businesses. While those with poor mindsets are more likely to be scared to fail. 

  Believe in themselves. Rich mindsets believe in themselves, their value, and their ability to deliver. Poor mindsets, they don't have those. That is why they need "guarantees". The only way to earn what you are really worth is to get paid based on your results. Here are the things, Which one do you want, a successful career or a close relationship with your family? Focus on business or have fun and play? Money or meaning in your life? Earn a fortune or do the work you love? Poor mindsets people choose one or the other. Rich mindsets people choose both. 

  Now, you know some of the differences between rich and poor mindsets. Becoming rich is not hard, but it does take time and effort. Practice habits that will make you wealthy, not habits of the poor mindset. You can become a millionaire. It won't happen overnight, but with consistent and diligent effort, you'll be well on your way to achieving wealth. After all, everyone wants to be rich on their own. Thank you for your time and as always have a nice day 😀.


References:

  1. Rich vs. Poor Mindset: 9 Mindset Habits to Adapt for a Better Life (2021). Available at: https://www.remoteworkcareers.com/rich-mindset-vs-poor-mindset/.
  2. The Rich Mindset vs. The Poor Mindset - Thomas Frank (2022). Available at: https://thomasjfrank.com/the-rich-mindset-vs-the-poor-mindset/#:~:text=Poor%20mindset%20deludes%20itself%20into,focusing%20on%20its%20core%20strengths.
  3. Rich Mindset Vs Poor Mindset: How to Develop a Rich Mindset! (2022). Available at: https://www.clevergirlfinance.com/blog/poor-vs-rich/.
  4. Rich Mindset Vs. Poor Mindset: 13 Real Difference (2022). Available at: https://www.listenmoneymatters.com/rich-vs-poor-mindset/
  5. 13 Differences Between A Rich and Poor Mindset (2022). Avalaible at: https://www.harveker.com/blog/13-biggest-differences-rich-poor/

Comments

Post a Comment

Popular posts from this blog

Leader Vs Boss

    Some people might use the terms "boss" and "leader" interchangeably, but that's not entirely accurate. The truth is, some bosses are simply a boss. They have attained a position in the management section of the corporate pyramid. Those positions alone don't make them leaders. They are just pushing their employers while "sitting down". However, bosses can become leaders, and doing so should become a priority for those who want to effectively lead in the workplace. So, what is the difference between a leader and a boss?   A boss refers to an individual who is in charge of the employee or an organisation. He exercises control over employees, assigns tasks, and duties to them, and is entitled to take decisions on some matters. There is no formal title like "boss" in the organisational chart, but the term indicates a person who is the owner or appointed as head of the organisation, department, or division.   On the other hand, the term lea
3 comments
Read more

About Phubbing

    In the Digital Era, smartphones have become the number one priority in society. When it comes to our smartphones, nothing else in our lives gets as much attention. A single notification can branch to half days only checking the status or short videos on social media. If we lose it, the stress starts to build up rapidly. Getting by without a smartphone really is not possible anymore, and from that other areas of our lives are bound to be affected.   Phubbing describes the act of "phone-snubbing". It is a term that most people might not be familiar with, but the action is certainly one we all recognise. If we are going outside let's say, how often have we been physically in the presence of someone, but they're emotionally "not there" because they are absorbed in their smartphone? Quite a lot, isn't it?   Smartphones and text messaging help partners display love and affection to each other when they are physically apart. However, what happens when smart
Post a Comment
Read more

Early Birds and Night Owls

  In this world, there are two kinds of people in this world, people who love to hear birds chirping in the morning, and people who wish the birds had a mute button somewhere. Someone likes the sun going up, someone likes the sun drowning to keep the night up. In other words, early birds and night owls. So, which one are you?    Early birds or morning people. They are awake in the morning and love to welcome the new day. Early birds tend to go to bed early, wake up early, and feel their best as the day begins. As a general rule, early birds find a society more accommodating than night owls do. Early birds generally have an easier time adjusting to standard daytime schedules.    On the other hand, night owls or night people tend to stay up late, enjoy sleeping in, have more energy at night, and feel tired after waking up early. Night owls do have a few downsides. They might have a harder time holding a traditional job. Young night owls might have trouble making a fixed school or univers
2 comments
Read more