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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 agree with all statements apart from this one above

rich people have more opportunities without it messing up their life so they take more opportunities with less risk
poor people have more risks but dont have opportunities. but poor do take more risks
EG poor people are more likely to be gamblers/not pay rent so they can be consumers and buy things they shouldnt be buying, risking eviction
..
poor people are not "given" opportunities. EG startups dont door not poor neighbourhoods, they go to rich investors and ask for a large seed amount a poor person cant even afford, thus dont even get a chance to invest in startups


..
poor people dont plan on saving/investing. they prefer the "get rick quick" where,
the hope to double their money in a year as a 1 time in, one time out ASAP action.
where as rich people take small percentage profits daily multiple times, which add up to the "get rich" same multiplier poor people want, over the same year.
..
poor people are told to buy the hype/pump
rich people are trained to buy the dip/crash
..
a poor person would buy a car, and pay it off.. not owning it, but having it in their name. where its not theirs until paid in full, risking losing the car and the income that went into it if a debt collector came to the door.
a rich person hires a car, for lower monthly amount. and debt collectors cant seize a car thats not in the rich guys name.

I see only one difference between poor and rich mindset - "the hungry person will never understand a well-fed person".

This is because poor people don't have access to investments. If you look at what they learn from class it's just SAVING Money for the future. While the rich have access to the stock market and real properties inherited from thier parents. The rich also look up to what their parents were doing which was investing while the poor kids look up to their parents who toil hard.

This makes them think saving will make them rich but in the end, inflation hits them because the value decreases while the value of stocks could fly.

heres a good financial example of mistakes poor people make

imagine there is a car worth $20k, on a 4 year loan with 0%
a poor person pays $5k a year. $416 a month(AFTER TAXES). and its in their name. but not their property until final settlement payment. after 4 years even on a 0% interest. that poor person has actually paid $22k of their pretax salary, for a car they might get to own that becomes $10k value if you then sold
thus minus $12k loss

a rich person hires a car for $200 a month.. which over 4 years is $9.6k
but they claim the payments as a tax deductible meaning they only actually paid $9.6k that period.
thus saving $12.4k they didnt need to spend in that first period.

..
poor people like to "own" things that break down, need repair and end up costing them more then they realise.

rich people plan to avoid owning things that can break/cost them more long term.

Poor people see bear season as an opportunity for them to purchase coins and hold until the bull season come before they can sell to make what they will use to feed their family while Rich people see everyday as an opportunity for them to purchase coins and sell at any convenience time for them without waiting for bull season to come before they can sell in the market. Poor people don't use a big amount of money to buy coins from the market, because they always afraid of long bear market while  Rich people prefer to use a huge amount of capital to buy coins from the market, and have full confident of making a huge amount of money at the end of the investment.

It may depend on the situation of the poor person. They won't be called poor if there's no sense at all. I don't think that you have to conclude that they may turn down it immediately just because they have a poor mindset.

They're not capable of investing due to their situation and most of them are fulfilling their obligations so, investing isn't their priority.

I agree with this.

They're only there when someone is talking about money but they'll go away if someone is talking about how to make money.

I've proven and tested this one already to most of my friends and relatives.

Most of these "mindsets" won't apply to the working class because they can't save much money after all their living expenses are factored in. If the minimum wage worker can actually keep something for himself after paying for the essentials, they'd surely save first before they invest. This is what a lot of people don't get: the poor are scared to invest the money that they don't have because they have to feed themselves with what little money they have, whereas the rich doesn't need to think about each day as they already have something to use while also having something to spare (invest). If the poor also has this freedom for themselves, they'd surely want to make more money in a heartbeat, too.

Some of the phrasing and wording in your points is a bit unfair towards "poor" people. If we're truly ignoring the people in the middle and talking about the lowest earners versus the highest earners then it is a case of necessity. It can be impossible for people on the lowest wages to spare any, or at least a practically useful, amount of money each month because their expenditures is almost identical to their income. It's pointless thinking $1000 is anything except $1000 when it comes in and has to be paid straight out again in bills just for food and a roof over your family's head. Also, your first point mentions belief, it's not belief but actual fact - the richest have enough spare capacity in their budget that they can allocate a good amount to investments which make them even richer.

People adapt themselves to the circumstances in which they are living, those that are poor very rarely are going to have any kind of money saved to worry about investments, as such instead of wasting their time in something they have no hope of using for at least a few years they dedicate themselves to work in what they can control, a reaction that is very human and which is very efficient, but a decision that has very adverse long term effects, as it is very difficult for any person to come out of poverty if they do not understand how to use their money as effectively as they can.

I think the opportunities that rich people have is called leverage. Every rich person hangs out with another rich person who knows another rich person. So when they need something all they have to do is put a call through to one of the rich person in their circle who may have a connection  or establish a connection with whatever they may need. On the other hand, poor people do not really have as much leverage as do the rich. I mean the margin is so wide that what may take a call to fix a rich persons problem may take a lifetime to fix in the case of the poor person.

Of course the opportunity will not the same, and so it just boils down to the mindset. There could be opportunity for poor people that they don't realized maybe because they thought that they will be poor for the rest of their lives. And that's why majority of them did, so again the mindset could be the biggest factor for any individual. And we wish that we know this when we are growing up, although I would say that my parents open my eyes on investing on stocks which I did when I got my first job, saving for the future and financial freedom.

It is because rich people have reserved money in the bank and they own some businesses. So, if they fail in one investment, they don't need to frustrate because they still have other businesses and still have money to use for another investment. It is different with poor people, once they fail in one investment, they probably lose all their money. So, they cannot try more investments since they have no longer money. You need to understand that poor people have limited money, dude! That's why they are not brave to take in a too risky investment.

I felt rich a few times in my life and I can tell you that your whole mindset changes at that time. You feel more relaxed and less stressed because most bad things that get you down during the day can be fixed with some money. When I drive and I know I have little money I tend to look at the speed limit and worry if there isn't a cop following me but rich people don't care about these things. If something comes up they'll simply pay up and go on with their day. They don't worry if the fridge will need replacing this year, they don't worry that the roof is leaking or that they can only fill the car half way this week. All the little things that poor people think of during the day disappear for the rich and they can focus on things that matter like investing, being with their family and friends, having fun.

The poor believe only special people deserve to have success, fame, money. They believe that they could never aspire to enjoy the greatness or life of luxury celebrities and stars have.

The harsh truth could be that anyone can have those things. They only need to walk through the door. The rich are always persistently trying to walk through the door that determines wealth. While the poor believe walking through that door is a fate not for them, but is reserved only for others.

Culture and values of the rich and poor reinforce these concepts. The wealthy usually encourage each other to be brave and bold. While the poor are finding new methods to oppress each other and keep each other down. The rich believe the natural state of humanity is to succeed. While the poor believe the natural state of man is failure. You can sometimes tell whether someone is rich or poor. Simply by watching the pleasure they take either in the success (wealth) or failure (poverty) of others. One demogrpahic celebrates success, while the other does the opposite. That simple choice determines their direction and future.

Rich people makes money in more than one ways which should also has to be pointed out, if someone relies on particular thing for their earnings then their whole life is under risk if its gone someday whereas rich just keep exploring new way and more ways so they reduce the risk factors by accumulate cash flow with different risk sectors.

This thread looks like it was copy & pasted out of a Robert Kiyosaki book.... because he also has the same outlook on this. The thing is, when you have money... you can take more risks... but when you are living from hand to mouth... taking risk will take food from your family.  ::)

Also... saying Rich people will make money work for them is 100% correct, but you need that money for it to work for you. I have 3 jobs at the moment.. and I can barely pay all the bills and still have some money left for investments.  ::)

Actually, rich people take more risks because they loan money and then they put all that money to possibly grow out their business. Also, their earnings on their business will be re-invested again on that same business or on other types of business that they will like to add/venture. This is something that can't be done by a poor people or people with poor mindset.

They think it is too risky, hard or simply they are only lazy, that is why they only stick on their comfort zones. That was still fine as long as they will learn to save up so that when they get fired or their contract ends, they will have something to get before they can find another job again.

You forgot to mention the most important skill of almost every rich person-knowing how to sell.
We live in a market economy and knowing how to sell a product or service is the ultimate skill. Creating a great product and providing a great service is really important, but it's not enough for scaling the business. That's why marketing and writing sales copy are so in demand in the modern day world.
The poor usually don't have that skill and they don't want to develop it.
Another really important skill is persistence. Many poor people can't achieve success simply because they dive up too early.
I really successful person would persist until achieving his goals and dreams. He or she would even fail a couple times before achieving the desired goal. Poor people are too afraid of failure.

Well, one can mention these differences or others. The groundwork was done by Kiyosaki, explaining the second point mentioned, that the poor work to earn money while the rich make money work for them. An essential characteristic of the middle class being that they buy liabilities, such as cars or the house they live in, thinking they are assets. Although in the case of the house, this would be more debatable.

One essential feature that I do not see in the debate is the difference in the idea of rich.

If you believe that the rich are evil and that to get rich you are going to have to cheat, swindle, and exploit, you are never going to get rich, unless it is by committing crime.

The rich instead have an idea of rich people as generous, strong-willed, focused on the long term, and so on.

If you are poor or middle class and think like this, it is easier for you to become rich in the future.

Well, I agree with you but there are some things to consider when we talk about the inequality of opportunity between the rich and the poor.
1) Not all those who are rich today inherited wealth from their parents some worked for it.
2)Most poor people today had rich parents but they were unable to learn and control the wealth of their parents.


I have seen the case of some poor people who had the opportunity to become rich by getting good skills but they chose to depend on quick money giving jobs that will only benefit them that time but they fail to conside their future but in this case of the rich, they make use of every available opportunity so long as they know that it will be beneficial to them if not then but in future so the opportunity also gets to the poor but they either miss-use it or abuse it.

The rich and poor fall on the circle of friends you keep and your exposure. Your circle will determine the kind of mindset you end up having. If you mingle with poor people, there is every tendency you will reason like one, who doesn't have the zeal to take a risk or have life-changing opportunities. The rich people mingle with their fellow rich people and they are always open to opportunities. They utilized every opportunity brought to them, while the poor backslide when the opportunity comes knocking at their door.

there is a saying that there is nothing wrong with being born poor, but it is a mistake if we die poor. Indeed, rich people will be more facilitated in their path to become rich, but as poor people who turn rich, they will be mentally resilient in facing challenges in their business, so they will be more experienced in anticipating every problem that comes. while many rich people are not necessarily mentally strong to face difficulties in their business, because they have never overcome a similar problem before

I agree, what you have not conceived and accommodated in your mind rarely becomes a reality to you. You need a big and proper mindset to achieve a lot, and another key point, something to note about ''mindset" is that it is influenced greatly by the environment you find yourself, and the people you mingle with as friends. Make a conscious effort to always be in a good environment and entertain friends with bigger mindsets than you, so they can rob off on you.

I am thinking about the material issues that are controlling the consciousness of people, and they are distinguishing between material wealth and poverty to talk about a bunch of different issues. I understand and agree with many of the problems going on in society every day when we are all subject to material constraints, unless you really see it as just a tool for the better functioning of life. Because what I realized in life is that happiness is not suffering. Even if you are rich or poor, it is still something you lack, have excess of or are looking for.

A car is a liability if it's not needed or if getting more car than you need or can afford.  In many situations, a car is a necessity as it may be your way to work and establishing a career.  Not only this, but it may be your way to a better job, opportunity, or moving up the career ladder should you need to commute a little further.  And of course you're going to need a reliable vehicle to maintain employment and remain gainfully employed, until you get to a point that owning car is no longer necessary.

I don't have anything against the lists from the OP's point of view towards the 2 different mindset. However, this is gonna be the reality of the world. We can't just be all rich, and we can't be all have the same mindset and personality.
We have businessmen and we have the consumers. These rich people can't be rich without the consumers. These consumers or poor people might either be contented with how little they have or that they don't have enough capacity to understand the business world.
So, we cant just shame poor people for being poor. If you're fortunate enough to be living comfortably because you're rich, just be thankful for that.

Even in bear market most poor people don't have the guts to take advantage, their mindset is always the price can go lower and they will lose money, they don't have a long term vision as stated above. They are the type that like to fomo into the market during ath and later cry when the market goes down.
Rich on the other hand, knows how to take advantage of both bull and bear market because majority are long term players, they are daring when others are fearful. Right now btc is cheap but most poor people won't buy because they can't stand to lose a scent out of their money.

The gap between the poor and the rich is a thin line that demarcate how the respond to opportunities and also the extent to which they are open to information. A person can have all the wealth but still poor and a someone who looks hungry can be open to opportunities and information that  will transform their lives for ever. Money is not a measure of wealth its only symbolises comfort riches begins from how much information an individual gathers and how the respond to those informations

Poor mindset always think about some important things that they can do now they will do it but they decide to pass and do the job tomorrow. And also spending habits is so bad and always rely that they have money will come again on next month and this is one poor decision to made.

While having rich mindset avoid any unnecessary things which is not needed and they always spend according to what they earn and stay inside without exceeding the limits and also they always think about saving because they always make sure to have extra money to use for emergency. Not only that rich minded people always think about business and other things that can generate them a good income flow and this is good to follow because for this we may have good future to follow.

I do agree with most of your points but being rich also need people to be very mean these days. A lot od good honest hard working people end up being poor, but a lot of people get rich by taiking advantage of the naive poor fellows. So in todays world we swldom see people getting rich just by their virtues, many a time vices also play part

One distinction I have realized between the poor and the rich mindset is Education. Not all education sums up to paper degrees, but being educated in the aspect of marketable skills; personal discovery of a passion that can be honed, mastery of the skill one already has, consistent pursuit or realization of a worthy idea, can help develop the mindset that attracts money.

How is that possible? I mean they already have all the wealth in the world and they cannot earn anymore. I think what you mean to say is there are rich people who are not yet contented on what they have but they didn't deny their wealth. They don't consider their selves poor.

That's great. Not only that they are literally hungry and want's a food to eat but they are also hungry for opportunities therefore they seek for information. Many rich people do also start like this but their attitude is slightly different to the kind of rich people that we talked about earlier. They don't work for their selves but they work so that they can give their family a better life and they donate most of their money to the people that are in need.

Poor people are fully aware that money brings more money but they do not have the opportunity to make money from they have. Poor people earn little income and sometimes because of financial responsibility they are not able to invest part of of the income they earn because it is not even enough to sort out financial situation that is at hand. The truth is that if everyone have the opportunity to get money,  they will make plans to generate more money from it. Money makes the rich man to think as an investor  but when a man is poor people feels he can't think well to make money  not knowing that he is helpless.

This is true, but you gave the wrong example. Investing actually does not care about socioeconomic status, the obligation to avoid risk must also be considered. Rich people are mostly able to take risks because they can measure the level of risk.

The old quote, "Even a brave man will not blindly jump into the ravine, but enter slowly with his eyes open and first measure the depth."

I don't really see riches or wealth as physical substances because it can vanish if not well managed or if the possessor of such wealth is limited to a certain pattern or routine of information. its only open minded innovators that can sustain wealth. I prefer to refer to riches based on how easy an individual is able to adapt to new trends and technology in any discipline. So i believe someone can be rich but still poor in the mind and since their mind is poor there are high tendencies of losing their wealth in the future

To understand the difference - just listen to a poor man and a rich man (who is self-successful) as they talk about money!
The poor will constantly whine that there is not enough MONEY, everything is bad, I am poor, I have nothing, etc. But at the same time, he gets into loans and buys a new iPhone in order to create for himself the illusion of some "normal standard of living."

Rich will be interesting to tell that he found a new direction for investment, found a new "topic" for making money, talks about how he found the opportunity to spend less, especially in the field of regular payments, etc.

Total:
The poor man says that he is a SLAVE of money, and his OWNER does not respect him much as a slave.
The rich man talks about money as his good helper!

Rich people have the money in their bank account or as some other form of assets that is going to be their loan money which leads them to take high risks and if it backfire they have money to pay back the debt but with poor they are probably going to start the business with the debt money which puts them in a trap of being conservative cause they have to pay the monthly mortgage payment or it will affect the credit score.

I am not so sure about this one. It is true that money can buy a better education than you will able to get from the public school and university system. Having the best teachers and support is one thing, you still need to bring in the effort and motivation to actually learn. For someone born into a rich family who already has everything it's very different to someone who has to work if he wants to get far in life. I agree with you that there is a difference in general education and learning how to invest money and how to become financially independent. There are good books like "Rich Dad, Poor Dad" which help a lot to get a different perspective and a more wealth focused mindset. The important thing in my opinion is to save money each month and invest it cleverly. Like you wrote, rich people like to invest instead of consuming today. If you can delay your consumption in the future to take it out of the interest and profit you get from your investment it's much more sustainable for long term wealth growth. 

I believe too much emphasis and credit is being given to being rich and also rich is being defined myopically in terms of material/money.  Yes, in a lot of cases their is a difference in mindset but the biggest difference between rich and poor is circumstances, meaning if you you change the circumstances of either, the "mindset" also changes too due adjusting to circumstances and they will be typically be respectively worse or better off.  Also, consider, most money is old money or begotten from such and new money may perhaps refer more to the rich mindset in the OP.

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.

I agree. At some point I heard of a study according to which people who became rich, i.e. those who came from poor and middle-class families, believed almost 100% that destiny was in their hands. While in the middle class the percentage went down and in the poor it went down even more. I am speaking from memory but it was roughly like this.

After all, if you see money as evil, if you think the rich are evil, you won't want to get rich. Even if you would like to win the lottery, deep down you don't want to be evil, so you will never build a business or invest enough to get rich. Better to spend your money on immediate gratification, like the Iphone as you say, than to hurt your finances in the long run.

The reason is rich people will still have enough wealth even if the startup won't become successful. They are more aggressive in their investments because they have many streams of income. Meanwhile poor people are very careful with their investments because their financial capability is not the same to those rich people.


How sure are you that poor people aren't eager to learn. There are many poor who are very eager to learn something but they can't because they can't afford it, just look at people at 3rd world countries. You'll see many smart people in poverty that have better knowledge to those rich people but can't become successful because of their financial status.


Some poor people have big dreams but their financial capability is what's stopping them to achieve those. A poor person with rich mindset can still be poor forever if not presented the right opportunity. While a rich person with poor mindset can still be rich because he is born in a privileged society.

Another big difference between the rich and the poor is that rich people have several streams of income unlike the poor man who depends only on one for his entire life even when the output isn't sufficient enough to carter for his needs and that of his family members, hoping that someday it will get better which never comes. And just like what the famous book "Rich Dad Poor Dad" written by Robert Kiyosaki, makes us to understand that the concept through which rich & poor dads teaches their kids varies, as one teaches about the life of investing and that having much money isn't a crime the other vice versa

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!

People are just lazy and they just do tend to tolerate on their current financial condition.If they are on the situation which they are poor or on just on middle class then it turns out that they would really be just contented with that and dont make out necessary actions for you to make your life way more better.Mindset will really vary from person to person.Some might be that too optimistic and some might really be too
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.

most people don't even save much to invest?

We know that savings arent really just for the means or investment but rather for emergencies and other means or simply people do only just love to have more fiat into their bank accounts that had been saved.

Rich mindset will really be always prefer on making more money via investment and since they are financially capable then they do always have the advantage since they could really make those actions
since they do have money to be spent unlike into those poor ones who doesnt have or limited which it would really be a difference but being poor doesnt mean that it would really be
a hindrance on making yourself improved.Its up on personal choice!

Some people are too poor with the finances - and they spend all the money in hand and look on other people valuet for the rest of their time
on the other hand there are people who manages their finances very well - and they are the winners both in personal and professional life.
To me rich mindset is managing your finances well and maintain a balance in spending and earning

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.

As a financial advisor who deals with peoples finances all day every day long, I can def agree with most everything stated here.  One of the biggest mistakes I see people with less money make is the lack of properly investing and overall care for their money. Take a look at people who buy lotto tickets. I’m not saying there aren’t wealthy /successful people buying them, but overall it’s a strong majority of people who don’t have much money that is. If they were smart they would invest it in something with a bigger chance of winning like say cheap marijuana stocks , or some “hot” altcoins.  Moral of the story is wealthy people make themselves that way often times. You’ve just got to have that mindset to save, use coupons, sign up for apps that give points/rewards, buy items in bulk for discounts etc. 

Just like on my neighboor who do keeps on buying up like cars (new and second hand) but all of those things are just getting from loans.Well its bad to mind off others business or plans but
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.

In addition to more income, financial management must be managed properly. many people who spend their money on something consumptive, or there are people who like to save in the bank to be deposited. but all that does not make our money increase, the nominal remains the same but is depressed by the inflation rate that occurs. therefore to make our money work is by investing, for example gold, property or cryptocurrency. By investing, our money will increase and not be affected by inflation

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.

While true what happens is that people have been educated into believing that any kind of investment is a huge risk and if they eventually get the courage to try their luck they use the banks as a middle man, cutting down any possible earnings and guaranteeing they will most likely never dramatically improve their living conditions, so until people learn more about how to invest their money then it is unlikely they will ever adopt the chances necessary to improve their lives.

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.

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.

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.

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.

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.

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.

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?

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

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


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


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.

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.

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!

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.

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.

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.

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.

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.

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.

I would not want to proclaim that "anyone" can get out of his/her problem of being poor or maybe what various kinds of handicaps and obstacles that s/he might have in terms of his/her situation that s/he was born into or the situation that s/he had gotten him/herself into (or arrived at) up until this point in his/her life, and of course, part of the reason for my own hesitancies in this direction comes from recognizing and acknowledging that there are no guarantees in life - even when we might do everything right, we still might end up having negative results.

Nonetheless, no way do I believe that attempts to improve one's lot in life should not be attempted, and even to recognize that some situations are more difficult than others to achieve such improvements - and it is quite likely that the odds of improving most circumstances will be improved by making targeted efforts towards trying to make the circumstances better.


Exactly.  Having focus and being focused on the right kinds of actions might be easier said than done, but each of us does have to figure out ways to attempt to be practical and attempt to be focusing on the kinds of actions that will improve our likelihood of making progress towards achieving our objectives, and frequently if we are able to concretely describe our objectives in realistic terms, then we would be in a better position to make progress towards our objectives.

Maybe I can attempt to be more concrete regarding what I am attempting to describe by providing a hypothetical, and personally, I have my doubts in regards to their being any meaningful differences between how poor people and rich people are, but surely there are real life obstacles that poor people are going to have and there are real life advantages that rich people are going to have, including how rich people might be taught by parents and other influential people in their surroundings.. and even being around other kids who are rich and well resourced will influence a rich kid in ways that are likely more advantaged than poor kids and the friends and people that are around the poor kid.. who are creating additional obstacles for the poor kid.

In this hypothetical, let's say that a poor person who is his early 20s has aspirations to get to “fuck you” status within 20 to 30 years, and the poor person defines fuck you status in terms of getting to about $2 million dollars in net asset value, and if that same person ONLY has an income of around $10k per year, s/he may well ONLY be able to save invest about $1k per year (10% of the annual income), so it may well end up being quite difficult for such poor person to realistically be able to get to $2million in networth within 20 to 30 years, so such poor person may well have to create some intermediate goals to either increase his income or to cut his expenses in order that he will be able to save more than $1k per year – because even if he were to save $30k in 30 years (at $1k year), such investment would have to go up by at least 66x ($2 million / $30k) in order for the investment to reach $2million in value at the end of 30 years.

Such person might consider their goal to be quite difficult to reach, but like I said if such person keeps making intermediate goals and potentially improving his situation, he may well be able to figure out ways to make greater progress on a quicker timeline or even to be able to exceed the goal.. but at least he has an outline regarding a potentially reasonably to get started on working towards reaching the longer term goal with intermediate goals along the way.

An intermediate goal might involve investing into bitcoin, and maybe consider starting out by investing $19 per week into bitcoin (that is $1k per year / 52 weeks), and again working on creating circumstance in which there will be enough room in the budget to be able to increase that $19 per week to a higher amount.


If a guy starts out poor and not having any assets, like in my above example, as he is making progress towards becoming more rich by building and building up to attempting to reach $2million in networth, even if he does not meet his initial goal of reaching the $2million, he can still likely feel way more empowered along the way of attempting to reach the goal.. because he is building up his wealth, and the fact that he has created wealth for himself, he can see that he has way more options than he had in the beginning, and he has flexibility to adjust his goals along the way and to still be happy.  No one is locked in or enslaved to goals that they set for themselves in their early 20s – even though their having had worked towards the goal still is likely to have put them into a better position, even if they do not reach the goals as they had initially been set.  

To me, it seems good to create goals when younger that are further along in life that might not be easy to achieve, but a path has been created that still may well open other opportunities along the way by working within reaching intermediate goals that are initially meant to be within that path.  If you have no goals, or if your goals are either too difficult or too easy, then the goals are not going to really help in guiding towards making progress.


You are not going to get any argument from me regarding that point.  It is quite possible to have multiple goals in life and to be happy in regards to working towards goals and even having hobbies and fun activities along the way.


Almost no matter what, we are going to make mistakes, and maybe this is part of the areas in which rich guys might have more resources than poor guys and be able to tap into their resources, whether it is getting advice before making the mistakes or advice regarding how to get out of the mistakes, and surely  some folks without resources might struggle to figure out the path and might even end up relying on bad advice too..

For sure some folks are more self-resourceful and self-sufficient than other folks, but still without being able to sort through good and bad models, it can be quite possible that very smart people can still make mistakes that are very difficult to reverse… and may well not even be able to appreciate how bad their mistake is until it becomes quite difficult to either dig out of the hole or to end up having to start at very big disadvantages.. because they do not realize that they are spending their time in ways that are non-productive, counter productive and/or very under productive.


I doubt that there is any one path, and of course, each of us has talents that are different from one another and we have interests that are different from one another too.  Some talents are very marketable and others are not very marketable.  Sometimes there are opportunities to get one’s foot in the door of some opportunity and/or training and some of those opportunities might be available when in our 20s, but might no longer be available at later times in life, and sure no one has to necessarily fit within any kind of cookie-cutter.. but if there is any kind of preference to be able to receive some benefits from others such as being given an opportunity to train, work and/or get experience, you may well not get such offer of opportunity if you do not fit some kind of expectation of the person who is possibly going to make the offer.


It’s good to be measuring with our own standards, but sometimes we do need to have some comparison points, so I can see that sometimes it might be helpful to be looking at what others are doing in order to keep ourselves in check in terms of our trying to be realistic.



Personally, I believe that both rich and poor will need to account for risks, and to measure risks, but surely each person has to measure risks in terms of what kinds of assets and/or individual resources that s/he has available.  If someone hardly has any assets or resources, then it is harder to take risks until building up some resources.  

Of course, anyone who is born healthy comes with a natural resource of having a lot of time compared with someone who might be borne with a genetic defect or various handicaps, but the resource of having a lot of time is going to work against us if we spend it badly.. even though someone who is young and healthy can leverage (and/or risk his/her time aspect, even if s/he might not have finances).. so richness comes in a variety of ways, and surely in this thread we are referring to financial richness or perhaps being able to reach and/or sustain financial richness, which is not an automatic thing that will be able to be maintained, even for someone who might start out with more financial richness than others.


Some people do become disgruntled. .and sometimes such disgruntledness comes at a very early age.  

What bad thoughts have you come across recently? because around me there are also many people who have bad thoughts about things they don't understand, so there has never been a good mindset from such people other than just badmouthing other people's mindsets and also complaining when they see other people have succeeded with their own mindset.

If you are able to sit down and talk with anyone with "bad" thoughts and who has a lot of hatred around various aspects of the world, some of them are more coherent than others, and some of them might still have hope to be able to turn around their life and/or their finances.. yet another question would be whether they are willing to take efforts in the direction to attempt to positively change their finances and psychology.  Sometimes psychology can be helped by improving the financial situation, so it is not always the case that psychology is the leader (as OP seems to presume) in regards to whether or not someone might be ready, willing and able to change his/her finances.

Many times younger people have more chances to be "saved" than older people, but surely the extent to which anyone is able to be saved (or to save themselves) is going to depend upon how far gone (crazy) they are (have become)..

Many people fail to become rich actually because they have the wrong mindset, because it should be like you said to be rich first the mindset
must be right. We should not be busy blaming anything with our failures, but we must be able to learn from every failure that we do.
People who succeed and become rich must have experienced many failures before, so experiencing failure is not the end of everything.
However, the more failures we experience, the closer we will be to success. Therefore, never be afraid to fail, because if you are afraid of failure
from the start, that person will never become a rich person. We can learn a lot from the life stories of rich people, most of them start
from something impossible and eventually their persistence makes them rich people. Therefore we must have a strong mentality if we are serious
about getting rich.

Your thoughts and how you feel about wealth actually commands good or bad fortune towards you. It's all in the mindset and even at that, you must be capable to bring your thoughts into its physical reality to get anything off it. So it doesn't end in you just having these ideas but, your ability to make manifest this ideas in solving the problems in your surrounding and the larger society is what will in turn bring you massive wealth.
There is a lot of being ready about it and you've hot to he intelligent about it.

Actually if saying "anyone" can get out of this problem still sounds cliché to me because if this could happen then everyone would not experience problems in the life they do. I might add a few words here because anyone can get out of trouble as long as there is a strong desire to improve themselves. Regardless of what condition they were in because if they had the will maybe they could be even more successful than some other normal people.

We can agree to disagree on this one, and likely we do not disagree with the overall thrust of the matter - in terms of there usually being a benefit in both mindset and determination to improve ones lot in life, so in that regard, I will agree that in the vast majority of cases, anyone is going to be able to improve his/her conditions and lot in life by making strong and focused efforts.

I mostly disagree with you in terms of semantics because from my point of view, I would want to say that there are no guarantees in ife and sometimes some people work their asses off and they do all the right things but they still end up having bad luck and bad outcomes. Maybe that is a very small minority, but still I am not going to refuse to acknowledge that sometimes hardwork, good focus and doing all the right things does not always pay off.. even if you want to believe that it does.

Also, don't get me wrong.. I am not trying to make excuses for anyone who wants to proclaim that "they did everything right and/or everything that they could have done" and still had bad luck, because some people do really believe that they did everything right, but the fact of the matter is that they did not, even though in their head they believe they did everything right and perfect and just had bad luck...

    People always have only two choices. Just like good or bad people, rich or poor, smart or ignorant, and hardworking or lazy.
Now it is up to us to decide which of the two we will choose. If there is a poor person until he/she gets old, it is because he/she chose to be closed in his/her mind to the good opportunities that could remove him/her from the poverty he/she is in, but they did not choose it.

    As for the rich people, no one else thinks about how to grow their wealth, so they are always open to business opportunities even if it involves the risk of losing their capital because they are risk takers and are not afraid to try opportunities.

You are full of shit Ben Barubal.

People have many choices at various stages in their lives and in many directions and many degrees, and they are presented with choices on a daily basis.  

Furthermore, the kinds of resources and obstacles that are presented for Rich people are likely going to be different than the obstacles and resources of poor people.  And the access to resources and the surmountability of obstacles will likely be different at various stages in life and there likely is no real correct answer except for the persons attempting to account for their own situation and to best tailor their decisions to what they perceive their situation to be, and some people will likely be more successful in achieving their goals than others, and some people will choose not to do any homework in order to attempt to weigh different options that they might have or they might erroneously choose one direction or another and may or may not be able to choose to go down that path again later in life.. yet of course, later in life it will be quite likely that the options are different than they had been at an earlier date in life.

The circumstances of choices and outcomes are way less binary than you are making them out to be.

Back to each person, what path is chosen to live his life. Want to be rich/poor, smart/stupid, and hardworking/lazy is our own choice. But everyone wants to be rich, because if you live poor, it will be difficult to achieve what you want in life.
To be rich requires planning and effort, but to be poor does not require all of that. As the saying goes, Diligent is the root of being rich, rich people are people who are diligent in all fields in order to make their dreams come true. However, this can be achieved, but it is not easy, because to get there requires a strong effort and determination.

The mindset of the rich and the poor is certainly different and I have my own views on how to judge and see the pattern.

Rich people always spin their money in business and they are never afraid of failure but they can make it successful.
Rich people continue to hone skills in their business even if the business they run is big they will advance in other fields to improve their skills in turning money well.
Rich people know that their money is invested long term rather than keeping physical money that will not increase.

I myself will not mention in any category but in business I will continue to do it and never stop, the same thing in bitcoin I do business here no matter how my efforts in investment or other types of business will continue to run without fear of failure.

The liability versus asset thing is real, and it is getting a bit more easier to understand by people as well. The consumption is not dropping, but it is not going as high as it used to, meaning the rate is dropping even if the amount is increasing.

This is mainly because people realized, instead of buying the brand new iphone, they could spend tat on buying stocks that pay dividends, this is not fun, but it is definitely entertaining. Debt is making a big comeback as well, because people rather make debt today, and pay tomorrow since inflation would make that debt look smaller. It is a great situation to be in, but not realized as good at first.

The OP has totally crucified the poor just for being poor, perhaps he/she has read/watched a lot of the articles or videos by these motivational speakers. Their sayings appear not to be particularly true in many cases.

Let me take your point one after the other to show my support and opposition to them.

Your point: The rich believe that money makes money.
My opinion: The poor also believe so, but they are not privileged.

Your point: Rich people make money work for them.
My opinion: Poor people are doing the same too with the little they have.

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.

Your point: Rich people think of a long-term goals but poor people set at best short-term goals or none.
My opinion: I agree here because impatience is there for the poor because their wants/needs can't wait that long.

Your point: Rich people tend to be risk takers but poor person is more likely to be risk averse.
My opinion: Very true, the rich have calmness in risk-taking because they have more money, insurance cover and rich friends to run to in case it boomerangs. But the poor will always fear losing the little they have because no extra money, insurance or friends to run to.

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?

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.

without a goal then humans will only walk without a goal (finish line)...

those who are millionaires today are those who want to learn, work smart and make more money than spend it, they know what they are going to do and also they realize that life is a struggle with big goals. Motivational sentences are not just sentences that are only read but must be practiced by everyone if want to be successful in life.

Comparison based on money is an absurdity and it completely depends on the individual, even if they are poor or rich. Everyone wants to be rich or make enough money to live a decent life. But when we compare, their mindset depends on the situation they are facing. So we can't judge or compare that, everyone is different.

I have many friends who are always actively participating in self-development seminars for success and have passive income, but for almost 4 years I have seen no significant developments, on the other hand I also have friends who are not educationally good but whose wealth continues to increase and already have dozens of employees even though he's only in the fruit and vegetable business.

Isn't the more important information about how you are going to use the information that you have observed in others in your own way forward in the world?

What are you doing?  What's your plan?  Do you think that one kind of mindset works better in terms of action that guys/gals might take in their lives?

Another thing with people who participate in seminars and they may well be acting upon information that they learn and making certain kinds of investment choices that creates income for them, but the idea of passive income does not necessarily come without a decent amount of work and/or passage of time to build up an investment portfolio, including that if your supposed "passive income" is based on some kinds of baloney products that are "generating yield", and those products end up imploding (or you get rug pulled), then in those kinds of cases, it may have appeared that you were generating passive income when the fact of the matter is that your money gets taken from you and everything that you thought that you had on paper ends up disappearing..

There are a lot of scams out there that use the terms "passive income" to get you to invest, and unless you really do end up building and being able to assure that you can withdraw funds at rate that is of your choosing, then you have to be careful with relying on those kinds of sometimes misleading marketing terms.

Building businesses does not guarantee profits either, including various risks/liabilities/burdens that can come when dealing with employees and partners and even various kinds of risk involved in whether capital is invested in property and equipment or invested in inventory - and surely it can take many years to build a profitable business, and some kinds of businesses are going to be more profitable than other kinds of businesses - which will also vary based upon your own skills and resources and maybe even your access to other people who are experienced in the industry in which you are potentially getting involved.

Exactly, I defined what you meant "other people's experiences can be taken as personal experiences". There are many ways that can be done to achieve success, one of which is by learning from the experiences of others.
Experience is the most valuable teacher, but the experience of others is a more valuable teacher, an experience will certainly be a sign for anyone to make the right decision. That way it will be easy for us to determine the goals and dreams we want to achieve, and when we start acting to live them, we will definitely get to the goals or dreams we want.

I see the difference there coz I've seen people like these too.
I have seen people who has been actively participating business seminars and other stuff like that and dressed formally. While the other are just selling fruits and vegetables in the market. In comparison, the person who's actually doing business in the market selling fruits and vegetables made a significant and noticeable achievements.
There's a difference between "trying to become successful" than "doing the actual work to become successful".

If you want to grow - it is very important for your to know what is going on in the market and no one will come give you lesson.
you have to do it yourself.
It is a good idea to take a break from everything after 6 months and learn some new- its always a good idea to make an investment in yourself.

This tendency of mindset sometimes has to be avoided by everyone, be it the poor or the rich, because so far we can see the reversal of different mindsets as you described. I mean rich people from their parents' property, it's not necessarily that their children will also be successful if they are not educated properly because on average in my place the children of rich people often live extravagantly because they are not educated properly so there is a waste of money which can be fatal in the future. So comparisons occur, among others, where the children of the poor seem to have more patterns in simplicity and they tend to prefer to turn things around from misery to live a prosperous life from several sectors, maybe they can save or have big dreams that they can do by studying and studying.

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Do you know having high educational qualifications doesn't not guarantee someone to be successful in business. To be successful in business requires planning by doing things in the right way to make business grow. If you make research best business men are not successful in their because they have high educational qualifications. Business growth is about doing the right thing in the right way. When doing business we must consider a lot of things, sometimes the environment where we do a business may not be good for the business.  Their are other factors that can be inhibitor to business, before planning business their should be good plan and reasoning that can help push the business to grow well.

its not so much a buddy system
its even the basics of money management/confidence

image they only have $50 spare cash a month
poor people are not thinking/looking for opportunities
they are mitigating potential future homelife surprises(risks)
(need to save this incase boiler breaks)
(dang kids need school shoes for next semester. must keep it for that)

where as rich people with spare $50 would try to turn $50 into $72 into $103. and then spend the original $50 on homelife surprises keeping 53 spare to grow more


if you gave $10 to a poor kid and a rich kid each.. heres how things play out

poor kids parents would tell kid to save it because christmas is coming and he can buy his sister a nice toy for christmas that costs $10

rich kids parents would tell kid. to buy $10 of ingredients to make lemonade for 20 glasses. and sell 20 glasses of lemonade for $1 each($20)

yes the poor kid could also sell lemonade.. nothing physically is stopping him. but thats not how he was taught to see money as opportunity, even when opportunity is just around the corner at the corner store that sells ingredients

its like the word
"appreciate"
poor: enjoy and respect money(spend it on things)
rich: accumulate and multiple(invest it)

same word different meanings

Higher education qualifications are nothing more than a formality, only signifying you have studied but not necessarily you have thought and only have a degree to insert your last name. Although the purpose of business is very broad but I have summarized in several ways being a successful businessman:
- You can develop a business according to your expertise, we see many close friends have been successful because they turned their hobbies into profitable businesses so that business is a passion.
- Good team, every business has management to be managed by an experienced team according to their expertise, so make sure you hire an experienced team and have the best job history.
- Build networks, increase productive relationships and partners to support your business for the long term.
- Improve business capabilities, the business world always has competitors to corner the top position so we must improve our ability to adapt our business to technological capabilities and always increase interaction from consumers.

businesses mostly see a degree as this:
* a person that has agreed to work(study) for X years without getting paid
*seeing someone get out of bed and do work without instant reward
*someone that is willing to put effort into bettering their life
*someone that has had years of working(classroom)  with others
*someone that take orders(teachers assignments)

this shows more about personality than skill. and yes business  decide on personality as well as skill

businesses do see the benefit of someone that done a degree in anything more then a "lacky" that has done nothing.

but with that said having a degree does not promise you a job because most state universities of 40,000 students+ per uni have dozens of thousands of people every year all getting degree's
yep if you are in a degree with 50 other students .. that is you having the same qualification as them and them competing for the job you want. so you only have a 2% chance of getting the job your classmates are also applying for.

and with that said. someone with natural talent that finishes highschool and just starts up their own business or 'learns on the job' from the bottom. could just as easily compete.. with the right motivations(personality)

. there are alot of crypto people that become successful in coding and running businesses now about bitcoin..  that never went to university to learn business or IT. they learned by just giving it a go and learning at their own pace privately at home. and showing off their skill by releasing their projects or having a portfolio of demonstrable work they can do.

poor people CAN compete with rich people that went to university. its just that poor people dont always get the free time after their 60 hour minimum wage job(to pay the bills) to then have time to learn/invest in their own future of learning from home. because they are just tired at the end of the night or dont see the point because others have told them they wont be able to compete with "college educated guys"

Because people who are too educated will end up trying to find that one thing which will make them rich, and they risk putting in money to make more money. What the difference probably is that your friends who do not have any business that makes them profit would be working and earning a decent salary, not rich, but decent enough, whereas your friends who own business' would be not educated as much and they wouldn't earn a good salary, so only way to make any good income would be starting a business and risking everything.

The grocery store around my street makes more money than most educated friend I know, all because they are more brave when it comes to investing.

Forget about such shows that never lead the youth beyond being employees. Those who work for people and earn income will remain at the average or below good standard of living except they diversify means of income.



The real wealthy people are those in the manufacturing and not consumers. If you manufacture products or consumables, you are sure of patronage and you must sell in profit to the cost of production. The past have also proved this with those wealthy grannies, they were manufacturers, service providers and not just income earners. That was how they created wealth for their households.

Well, education is also a big factor in why a person could think about a way to earn more money rather than just being an employee. However, sometimes it  was also a hindrance to their success for some of these educated people are having high pride and they want instant success - impatient. That is why we have seen that some of the small business players or market vendors have more money than them for they don't look for an elegant job, unlike professional people.

There is only one place that all of them (both the rich and the poor) are equal and that is the grave. In grave the rich and the poor share the same characteristics. But in the  living, the rich are more superior to the poor. Even within the rich there are classified into two. Wealthy and Rich. But they are all equal in the ground. God humble all there. There is social stratification in which the poor can also climb the ladder from different angle. When we come to thinking, it is not that the poor man can think well or can not take risk but the capital to take the risk one of the major issue of the poor. There is no money to start any business with if someone brought business idea which has no capital to execute it he became afraid not because of the business but he is afraid that he might lost another person money and enter debit. That is the fear of the poor man is debit while the rich man uses debit to make his money.

rich people or poor people

rich also many parts, friends,
poor are the same

the rich

   here you tell the rich people who are dominant or lead to a lot of money, indeed people who have a lot of money can be called rich people, but are they happy?
some are happy, some are not

the poor,

   indeed poor people financially or financially lose to rich people, but do you know that not a few poor people have more happiness than rich people, why?

- they don't think much, they just work and get paid
- even though their income is the same every month,
but they don't complain, they just enjoy it.

but are they happy,
some are happy, some are not

therefore,
we have to keep working and looking for opportunities as much as possible,
because humans are given the ability to think and reason healthy by the creator of Allah swt,

so as human beings who have reason we must want to be successful people,
because if successful, we can help people more often,

in a sense, success is happy in all aspects

- mind aspect
- heart aspect
- aspects of our body
- treasure aspect
- and aspects of kindness.

that's a cycle that must be addressed in the mindset for the future. because if someone still has the initiative to rise up on a scale in the sense that they look a little successful from year to year then this option should be instilled in their mindset in building a business. not unless a child of a rich person even if he does not have a business spirit then he will also achieve a failure even though he has a large capital background.

If someone has a large capital and has the intention to do business. So what needs to be learned first is how to manage his capital as well as possible and how he starts it as wisely as possible, as well as the risks that can arise in any business which of course must be immediately known through research before trying to run any business.
Because if he immediately thinks about big profits without remembering the knowledge he must have in doing business, it is clear that large capital will be more easily lost or exhausted.


Yes, it is indeed misleading because sometimes a person forgets the risk when thinking about profit, so that his mind no longer remembers the things that must be prepared before getting a profit, but he will immediately remember the profit without any preparation to get it. Because business in the long term is the best to run, as you have said where business must have patience so that the business can develop well.

There are so many over simplified issues in this that i just have to respond

This is just not true, i know several people that i consider relatively poor and they have their savings on stocks etc. This is just rich peoples idea of a poor people.

Oversimplifying. Obviously you are not going to spend all of your money if you are going to save it, but it isn't as simple as this. Everyone who has been poor knows that poor people wear what they can afford to wear because they can't afford to buy over their budget, and use only what they need. Some of them are depressed and see no point in saving but that isn't a mindset you can easily change.

Lot's of poor people plan for the future and for their children's future, so this is false claim.

I know many poor risk takers, that's why they are poor now.

I would like to see a study that how many of these people were born in first world countries with a safety net only rich countries can provide, because i am thinking if it's not 100% it's still going to be pretty high.

Maybe if I describe it, this is all about how consumptive thinking and productive thinking, more precisely, consumptive to be poor and productive to be rich (beyond the status of rich and poor because basically poor people can be rich and rich people can be poor because of their thoughts)
Indeed, most of the poor think about things that are consumptive in spending their money and relatively rich people use their money for more productive things to multiply it, to cause different pressure situations and conditions.

If you were given $10k and your thinking was consumptive, maybe you would spend it on buying new mobile phones, clothes, cars, vacations, eating at expensive places and other things that would even add to your expenses and $10k money would become goods and dirt (Rubbish). If you have a productive mind, surely you will use that money to create a business or invest it to seek additional profits on an ongoing basis.

So I think more precisely, the thing that makes you poor or rich is your thinking, not the status of that person.
Even though he started from poverty or wealth, if he has productivity in his thinking, the poor will become rich and the rich will get richer and vice versa.

People who are successful today are people who have been up and down for several times, and they always want to try new things to be able to make a lot of money, of course this is the principle of rich people and always have a way to be able to make money, but for poor people maybe such things will be difficult to do so that they cannot develop in business or other things they do, and nowadays there is a lot of motivation from successful people if those of us who are still poor can follow their path I think success will also be with us,actually some poor people know how to achieve success but they don't dare to do that so development never happens.

it is very important to get up every time you fall. And face your challenges.
It is also very important to take care of yourself in the time of utmost challenges. Complaint less and work more!

Every day (even today) there are new opportunities to significantly increase your financial well-being. 

There are moments in every person's life when these possibilities become so obvious that they cannot be overlooked.  It's called "getting to the right place at the right time".  In fact, this is a gift of fate.  Fate gives a person a chance to significantly improve their financial well-being in a very short time frame. 

However, in order to take advantage of this chance, you need to have the mindset of a rich person who is constantly looking for opportunities to increase his income. 

Many people do not have this type of thinking, so they do not take advantage of the new opportunity to increase their wealth (referring to various circumstances).

There are people who struggle -  and there are people who complain all the time.
The only brave people get up and face the challenges.

You are not human when you are not complaining because it is our nature but when you decide not to wake up and face the challenges then its your fault since you ar lazy because you didnt face the challenges. I my self there are really throwing me problems, yes i complained but again i do it no matter what since without doing it youll end up not having improving your self

Complaining is permissible and it is also a natural thing, but if it is done continuously it is not a natural thing but stupidity.
If the substance is that they have to work more, maybe construction workers and farmers should become rich people at this time, because if you look at it in the field, construction workers work harder and spend more time, and sometimes they have very little time off.
And if wealth comes from intelligence, perhaps the teachers would be one of the richest people in the world today.

Then what can make someone rich? I think this depends on the orientation of thinking about money and one's behaviour in spending it, diversification to add income from investments other than work is an option to get more income and has the potential to increase wealth.

Making money is a skill like any other.  And, like any human skill, it needs to be developed and trained.  

The thinking of a rich person is very different from that of a poor person.  

For example, rich people are more positive.  They know how to set ambitious goals.  Wealthy people have a longer-term planning horizon.  

I am not a fan of personal growth coach Kiyosaki, but I agree with him that financial well-being requires a constant focus on financial goals. However, this kind of thinking is not typical for poor people.

The fact that you need to use the money to make money, and the poor always don't believe in investing because they are always comfortable with what they have, has been a problem even when telling people to invest in bitcoin they give excuses and at the end of the day they go investing in altcoins, is that the mindset is the key to every physical manifestation, even before attaining success it must start from the mind.

    -  A poor mindset doesn't lead to anything good, and I haven't seen anyone advance because of having a poor mindset, is there? What we sow is what we reap.

So if you are a positive person in life and you want to become succesfull in the future, of course, you will think about the things that can help us to rise or advance in life and that is to count yourself in something related to business. In short, apart from the Rich mindset, we must also have something called Dare to fail, because our fear or doubt is often what prevents us from progressing.

Well, it seems that you are correct in terms of the need to be in the right place at the right time, and it seems that people who are more likely to be successful will continuously be putting themselves into positions in which they are ready to take advantage of opportunities that come... so there might be organization and even abilities to create space in their schedule that may well not work if someone is frequently and constantly busy putting out fires and not organized enough to be able to take advantage of any situation (opportunity) that might come.

Some of the organization is psychology, and some of the organization is finances and some of the organization is time management. 

There may well NOT be any kinds of guarantees that the good opportunities will come, also... and we can all consider that there  might be examples in which something that appears to be an "opportunity" is NOT really an opportunity, but instead is a waste of time, and so in that sense, maybe the more likely to be successful person will either figure out early that the apparent opportunity is not really an opportunity and/or might be able to learn quickly that the apparent opportunity was not an opportunity and not allow such sham opportunity to drag him/her down in terms of time, finances and/or psychology.


Hopefully, if brave people are facing stupid challenges, then they are wasting their time.

Not all challenges are worthy to be faced.  It is likely a good skill to be able to figure out which challenges are more worthy to be faced than others.

It's still good that they are finally willing to invest even if it's not in Bitcoin. The value behind our invitation to people is of course positive, but it can turn negative if people misinterpret it. For us this (inviting people to invest in Bitcoin) is not a good action. Not that we are afraid that the people we invite will be rich but they will one day blame us as an inviter.

It would be nice if the person you are inviting finally switches to Altcoin, it needs to be conveyed more clearly what will be obtained by the decision. Who knows, the person is willing to switch to investing in Bitcoin which we think is the best investment.

Giving investment advice to someone is an act that should be carefully considered, especially with bitcoin because even we do not guarantee that Bitcoin will bring us profits. For me, it was not a wise decision. If someone asks about investing in bitcoin, I teach them the basics of bitcoin, I am not going to give they any advice on whether they should or should not invest.

As for the mindset of the poor, if they don't like to invest is understandable, because making money is very difficult for them, so they won't want to take risks. We should not blame them but understand them.

First of all.  Fuck shitcoins.  Focus on bitcoin.  I would not recommend anyone to invest in shitcoins or any of those projects that relate to shitcoins until they somewhat understand bitcoin first and figure out what their investment approach to bitcoin is going to be, which could be anywhere between 1% and 25% of a starting investment portfolio.  And, of course, prior to investing into anything, there are needs to get your own finances and psychology in order.  No one is going to be able to invest into anything in any kind of meaningful way until they figure out various aspects of their own personal finances and psychology. 

At the same time, I would imagine that we can walk up to any random person on the street, and they are going to tend to generally know their finances and their psychology - for example how much cash is coming in on a regular basis as compared to their expenses on a regular basis, so people generally know their finances and various aspects of their psychology, even if they might not know their specifics very well in order to really be aggressive with their investing or to figure out how much risk that they are ready, willing and able to tolerate without going overboard and/or while staying on a relatively comfortable and personally suitable level. 

The more you know your finances and your psychology, the more aggressive that you can be in regards to how to allocate your time, energies, psychology and funds - while at the same time, no one should be too aggressive either, because if you are too aggressive, then you are engaging in gambling rather than investing. ..

balance.. balance.. where is that balance, and how aggressive are you able to be without devolving into too much aggressiveness?  Personal choices and personal responsibility regarding these matters.

So yeah, a successful person may well have some adventures in which s/he is investing time, energies, mental power and money into various kinds of projects and also contributing/production, creating businesses and/or learning skills in which s/he is able to increase income in the present or in the future.

Another thing is that people have to both decide for themselves and to take responsibility for the choices that they end up making.  Of course, I am going to tell the vast majority of people who are still living more than a year or two to both learn about bitcoin and to get involved in bitcoin in some kind of way.. and it is much better if they have a 4-10 year investment time horizon or longer. and bitcoin is on the list of items to know about, pay attention to and to learn about. 

I am also going to tell almost every person to stay away from shitcoins or shitcoin related projects, and surely some people already have their ideas about these matters, so there may be some people who have strong opinions that differ from my own, yet in the end, what each person does and how much they do it is completely their choices and their responsibility, so I am not going to take responsibility if they make the wrong choices and/or engage in the wrong level of balancing in terms of how they are spending their time, energies, psychology and finances, even if they might tell me that they had listened to me and that they were following my advice. 

If anyone tells me that they are following my advice, I would tell them that I agree with their following my advice, but at the same time, reassert that I am not responsible for the outcome of their being able to balance their particulars, so they have to make sure that they are comfortable with what they are doing on a financial and/or psychological level and to sufficiently/adequately engage with how they are allocating their psychology and/or finances in order to be able to determine the degree to which they are comfortable in order that they can figure out for themselves the amount of balance that they are currently doing or that they are planning to do in the future, which may well be different from my own choices in how I would balance the various investment matters.   I would imagine that most people are going to have some differences from me, so it is going to be more difficult to find two people who match exactly, but surely not impossible if we were to meet enough people, then some might end up matching more closely, but it is still the responsibility of each person to figure out his/her particulars.. oh and by the way, similar weighings of balancing of particulars should apply to institutions and/or governments too.

Individual financial and psychological considerations include but are not limited to cashflow, how much bitcoin you have already accumulated, your other investments, your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.


For sure, risk management is part of any endeavor. whether passively investing or other ways that any of us spend our time, energies, psychology and/or money.

The solution you offer is not wrong, because complaining is not the nature of hard workers or people who are looking for the key to success and also not a good way out for people who want success within themselves. But I've seen two models of humans who complain very often because they don't know what to do and the other is when they feel bored with their work which in the end will also complain. Even though they don't have to tell them that they are looking for the key to success, and they should be more grateful when they can still work in a place with modest income.

Depends on where you are. If you are at home with your friends and you think that it is going to be just advice on what they should do with their money, you should be very careful about giving that advice because that could be their only money and if they make a mistake because of you then you would lose a lot of money.

However, if you are here on bitcointalk and giving an advice that should be not really carefully thought and just whatever comes to your mind since this is literally a place for discussing these things, people who read you and act accordingly should know that you are some stranger and if they just do it because of you and lose, that is on them and not you.

It is always on them whether they are "friends / relatives" or not.

I do agree that there is likely going to be some differences in the way that you might talk about things when you are talking to friends/relatives versus a more anonymous setting like this one, yet I think that it is still important to let people know that they have to be responsible for what they do and that they should not be overly relying on what you are saying - even if they might be able to know that you are being sincere and genuine with them...

Another thing that remains important when talking with actual people who know you is figuring out how much you might want to disclose to them in terms of your specific finances.  Sometimes they will know, and other times they might not know, and sometimes you might want to be careful not to say too much about your specifics, even though you might lose some trust, even with people that you know, if they might feel that they are providing you with some specifics, but you are not providing them with specifics - so there can be some balancing of these kinds of disclosure matters that might sometimes be more challenging when dealing with people that you know more intimately as compared to when you are posting in a forum like this.

Don't get me wrong.  There sometimes are members who will regret giving too many specifics in a forum like this too... so it is not even necessarily a bright line determination regarding how much you might want to disclose about your own particulars here versus how much you might disclose in person when people might be able to physically see some of the goods, assets and/or services that you might own (or rent).

All investments carry risk. Therefore, never advise them to involve them in investing. Explaining the basics of Bitcoin if they ask is appropriate so that with the explanation we provide they can decide for themselves whether to invest or not.

Investing in Bitcoin can make a profit, but the concept is a long-term hold. The process of getting rich doesn't happen overnight.

We are the same. I will also never recommend to them any coin, token or project other than Bitcoin.
I've played enough with stupid tokens and projects in the past to end up being worthless. When I think about it, what a waste of time. If the duration of that wasted time I was with Bitcoin, then at this time it is enough to just enjoy the results.

For sure bitcoin is not any kind of sure bet either, so each person has to consider his/her level of allocation, if any, and there are so many of us who suggest people get the fuck off of zero, but people are going to do what they are going to do in terms of figuring out whether and when to get in, if they do, and then how to structure their "getting in" strategy and how to go from there.

Frequently when I hear arguments about this that and another problem with "crypto," I will remind them that they are NOT even talking about bitcoin, and sometimes even if they present a decent variety of arguments about various risks and various craziness that are potentially related to bitcoin, in those contexts, I will frequently tell them that they arguing with me about position size and not about whether to get in.. and if they are whimpy about it, then they can error on the side of a lower level of allocation, such in the territory of 1% of their investment portfolio, even though I tend to recommend that a mostly beginner allocation in bitcoin could well be anywhere between 1% and 25%.. and they have to figure out the particulars in regards to where they are at and surely the more that they know about themselves, such as their finances and their psychology and the more that they subsequently study bitcoin, then the more that they can tailorize their investment approach to themselves and to their knowledge, including coming up with their own formula in regards to how much to start their allocation (if any) and how to play their attaining of their allocation and their subsequent maintenance and or liquidation strategies.. which surely, I personally, prefer to suggest that newbies begin their journey into bitcoin in terms of considering it as a 4-10 year or more investment, yet of course, again, the more that they know about themselves an the thing that they are investing into, the more that they can figure out their own preferred timeline that is based on their knowledge and their situation.

Life has drawn boundaries for poor people and will not let them cross that line. When a poor person receives some money, person will of course use it for food and shelter. Because the money person earns does not allow him to invest. A poor person cannot invest to take care of his family or to take care of himself. He is only focused on work and thinks about the end of the month. It's not his fault, it's the system's problem. Because that's the only way the wheels can turn. A rich person can also be a fool if person has inherited a large inheritance from his family. This is not his problem either. Person didn't earn that money because he was smart, person got rich because they family was rich. So you can be rich and stupid.

It is true that all investments come with risks, but for bitcoin and in the current situation I would advise my family members to invest in bitcoins. And I have advised some of my family members to invest in bitcoin too for long term at least two years from now. And the strong reason I suggest investing in bitcoin is because right now there are huge discounts that will benefit them in the long term, or in the future.
and I also advise not to invest more than they can afford to lose and also do it gradually and as long as the price is good to buy, because I want them to feel what I feel because there are many good advantages if investing in bitcoin, especially in profits and can help their finances and future goals.

And that doesn't mean I don't educate them, because it has to be mainly about all the basics of bitcoin and its long-term benefits, and as proof of their interest, because they see the state I am in now.
and i suggest if you want to be like me you should do it now and for the long term or future and stay under my watch because they are my family.

Providing input by discussing with people who can already distinguish between Bitcoin and coins is much more interesting than suggesting to beginners who do not have more knowledge about investing in Bitcoin, although we must give them a thumbs up for their investment knowledge outside Bitcoin.

You are right. I also often meet arguments that tend to equate Bitcoin with other coins including regarding risk. Even though it is very clear that Bitcoin is not the same as other coins.
I think efforts to explain to such arguments need to be done further before explaining the benefits that will be obtained in this type of Bitcoin investment.

Each of us needs to find a kind of balance in which we are comfortable in the ways that we discuss investing in bitcoin as it might compare with other kinds of investing and various kinds of investment strategies that we might have learned along the way. None of us is necessarily going to get anywhere if we are not allowing for a certain level of comfort with others, and surely some folks are not even going to want to talk with us about bitcoin or about investing if it seems to them that we are failing/refusing to account for their ideas or their investment style.  I am not necessarily going to want to interact with some people, either based on my own knowledge and experiences - and so I might be willing to praise them for having had developed various kinds of investing knowledge, but I might not be willing to praise them for the various ways that they may have gotten duped into various shitcoins and if they are failing/refusing to consider bitcoin.  So, sure the amount of "thumbs up" that I might give may well depend on the degree to which they are truly attempting to engage in sound investment practices, versus merely gambling with shitcoins.



Sometimes we might be able to get over some of the hurdles and/or the differences of opinions regarding bitcoin as compared with other investments (into shitcoins) by talking about proportionality issues.  A lot of people have difficulties going along with an investment thesis that might involve a 4-10 year or longer investment thesis, so frequently they are considering getting in and getting out in much shorter timelines, so at that point, we might not have a whole hell of a lot in common, because even though in late 2013, I had considered the possibility that bitcoin might only be a 1 or 2 year investment, but I believe that currently, the investment thesis for bitcoin is much stronger than it was in late 2013, so it is my belief that it is better to be talking about how to consider bitcoin in terms of a 4-10 year or longer investment thesis.  So if some folks are wanting shorter turn around periods in their investment, the we are likely talking about different things - and it does seem that there are quite a few folks who do not even want to consider being able to attempt to commit to a 4-10 year or longer investment timeline.

So perhaps part of the punchline is to be able to figure out how much any of us might be wiling to talk about or share ideas with others in the event that we are framing our investment (gambling) goals in different kinds of ways.  For sure, we are going to have a whole hell of a lot of activities that have shorter than 4-10 year timelines, so for example, we might have a school program that we are in or a job or even some shorter term investments that we are likely planning to turn over in timeframes that are way shorter than 4 years.  Also, there are a variety of aspects of our own financial and psychological management that have to get sorted out in shorter than 4-year timeframes. 

So for example, currently, when I project out my cashflow, I tend to project out for around 2 years, even though when I was younger (30 years ago), I could easily get away with cashflow projections that ONLY went out 6 month because my finances were much less complex 30 years ago, yet even if I am currently projecting out cashflows for 24 months, there are going to be more immediate concerns that I still have that are within 1-3 months from now. .and it always remains important that the shorter timeframe cashflow issues are covered with way more specificity than the potential cashflow issues that are projected out 6 months from now or 12 months from now or even  24 months from now, and sometimes if we change some of our current financial and/or psychological situations, the current changes will have impacts that could fall either in the shorter time frames, or they might show that they have impacts that fall further out in our cahsflow projection timeline. 

It does seem that the more that any of us is able to project out our cashflows further into the future, then it is more likely that we are able to set up systems in which we are NOT putting ourselves into positions of shorter-timeline emergencies... so maybe 20-30 years ago, I felt that I could have a $500 cushion in my cashflow (so never go below having that $500 cushion), and maybe 10 or 20 years ago, I moved my cushion up to $1,500 and these days I may well tend to maintain a $3k cushion at all times.. so finances and psychology may well change with the passage of time and even with how complicated any of us might consider our finances and psychology to be... and maybe also how much we might want to have liquid amounts that are available and higher amounts of cushions that account for having had accumulated more wealth over the years, perhaps?

For such things it may not be how many thumbs up we give but the position of the thumbs up may have to be turned downwards.

It may be a little hard for most people to accept feedback or recognition of the success others have had in the investment field. For me it is an attitude or mindset of the poor that makes them continue to stay in the hole.
Sometimes I myself feel that I am bored with the situation that continues to be stuck in a situation that never changes.

From all the discussions you gave, for me they are all things that can add and expand insight.

It can take a very long time for the possible compounding effects of investing to pay off.

Many people spend 30-40 years building aspects of their financial lives, and they never end up getting at or close to fuck you status... a kind of position in which you can comfortably finish working (perhaps early).. so it seems that bitcoin provides a possible way to get to fuck you status earlier than what might have otherwise have had been feasible or even doable, but still it is not guaranteed to get there, either... because not only is there a need to invest on an ongoing basis, there are needs to preserve wealth and preserve perseverance in order that sometimes it will end up being possible for compounding effects to be able to kick in for earlier efforts.

So you have been registered on the forum as long as me, yet I cannot necessarily presume your bitcoin investing strategies, so it could be that you were not able to invest as much in the beginning, so you were ONLY able to invest $10 per week, and then later you were able to increase to $50 per week and then even later you were able to increase to $100 per week, and so the persistence and perseverence could end up paying off, as long as you are able to preserve your capital and don't get distracted into bullshit.

But sure it is possible that you ended up getting distracted into bullshit over the past 8.5 years, and you were not even ready, willing and able to invest (on average) $30 per week into bitcoin, which would have allowed you to accumulate nearly 12 BTC with around $13k invested. (https://dcabtc.com?sd=2014-09-06&sda=custom&f=weekly&d=9_years&ac=3000&c=true)

So, even if you screwed up in the past, there are likely ways to start to employ a more prudent and practical approach without panicking.. so that 6-8 years down the road, you may well feel that you have put yourself into a better place... so maybe you try to make up for your mistakes by investing $100 per week into bitcoin, or if you are unable to do that, then you just do what you can, and otherwise try to manage yourself, your psychology and your finances in such a way that you are not putting yourself into any state of panic, and you are continuously investing into bitcoin while maintaining your expenses in control and maintaining an emergency fund in order that you never have to draw from your bitcoin at any time than at a time that is completely of your own choosing.. .and then maybe at some point you start to get close to fuck you status at some point down the road, even if it might take many years, if you are able to make it at all that is an accomplishment, if you are able to make it in less than 30 or 40 years in total, that is an accomplishment, and if you are even able to make it in a shorter period of 10-15 years, then that is really an accomplishment.. not to get too greedy while at the same time continuing to build.. and with the passage of time, it is more and more likely that what you have built and what you are building will increasingly compound upon itself.

In other words, it's too hard to credit people's accomplishments even outside of investing. This is the type of person who could never respect himself, so to appreciate the success of others would be difficult for him. Boredom, laziness and stupidity are situations we have to fight. Because I often hear their joke "There is no free lunch". This is even true, if we don't try to get the job done on our own terms.

Poor people never agree with the mindset of the rich because they don't have the same path in real practice, that's the real connection why poor people are more likely to be objective and don't try to make investments like most rich people.

And some people end up quite tragic in life building a mature financial aspect, because they choose the fast road without thinking about the risks that will occur. For me it's simple to start investing, because it's not how big we start, but rather do it consistently and put money into potential investments like Bitcoin.

Many people try to do things so fast and rarely follow the process that needs to be passed, this path will actually lead them to greater destruction in building financial strength.

i my opinion - these is one thing which is for sure
If the person is an honest worker -he will be loved and admired by the people around and he will not be a looser.

i am not sure - if I am right or wrong - but I have always been very honest with my deals with other and that honesty has costed me so much
I have lost so many friends - the only selfish person survive in this world and that is the bitter truth.

Surely, in any business deals that you have, you have to make sure that you are protecting yourself and/or NOT taking undue risks based on too many unknowns, including the fact that some people might be acting in bad faith in order to screw you. 

I doubt that you have to sink to the level of bad people in order to get ahead, merely because you have seen that there are some bad people who end up "getting ahead" in life while sometimes you are struggling to be more honest.

But, yeah of course, it is your choice regarding if you believe that dishonesty, immorality and/or stabbing people in the back is going to work towards your "getting ahead," and if you believe that it is better to live your life in those kinds of ways.  It's your choice, and no one is telling you what to do.. and whether you get caught or get thrown in jail or any of that is not clear either.

By the way, I am not even suggesting that your actions have to match your words - because sometimes when you are dealing with mean, evil and/or immoral persons, sometimes you might need to make it appear that you are ready, willing and able to sink to levels as low as they are willing to sink.. yet in the end, it's still up to you whether you will actually sink to such low levels or to determine if you are forced to interact with people like that or if there might be ways to structure your life and your interactions in such a way that you are lessening the frequency of interactions with scum-balls.  It's not always completely avoidable to interact with scum-balls, and sometimes we might end up in unexpected place or even have to travel through some places in which we would have had preferred not to travel.

🗝️ 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. 🗝️🗝️

This statement is not all that true, in recent times I got to witness that the unnecessary spenders are rich people,  they buy things they won't make use of just for pride sake and for the fun of it where as poor people don't have that much to play with because most of them live on survival and so they spend only on things that are needed and necessary most at times .

Some rich people are just fortunate, it's not like all rich people live on a workable or proven principle  ,

I have faced that before, someone offered me a website that was making about 600 dollars per month, for 150k dollars. They have only shown the numbers they were getting in unique visitors and page clicks and so forth, and showed me how much money could be made with that as well, which all in all looked like it would be quite difficult to handle at the same time.

But that did not change the fact that we are talking about an unlikely situation in the long run, it's just not possible and I asked to see their financials, which turned out to be just 600 dollars per month. I rejected very quickly. Just check every detail, because even though it may look good, it may have hidden bad parts.

Can't comparison about rich and poor mindset depend them have to spent money for daily day needed, no doubt easy for rich people spent their money for investing but we can't fault about poor mindset about their money have spent more without used half for investing. Having contrast difference between rich and poor person about their money management.

I think still at young age and haven't family is the best way how to adopt with rich mindset and never spent money for something not really important, when having family I don't know can't spent half of our income due many necessities in everyday life. I hope here for every one adopted with rich mindset when still single and don't waste your money for not really urgent needed.

one person who thinks like this will definitely not have any development in his life. The main reason why "poor" people avoid taking risks, stay in their comfort zone, do not spend time and effort on self-improvement - has to do with money.

When not having enough money, the main goal is to make enough money to cover basic needs (food, clothing, shelter) and then luxuries (furniture, tools, machinery etc). they can't take risks because of one bad thing and they can end up in (financial) trouble and so tend to stay in their comfort zone.
Continue to learn from every problem and learn from every opportunity in the opportunity with mental readiness and heart confidence

Exactly.  For a lot of normal people, it could take years and years to even build enough of an investment portfolio (or savings) to cover half of their current year salary.  So if they are making $30k per year or even $40k per year it could take a few years just to build up an investment/savings that is $15k or $20k respectively... and then before anyone might even come close to starting to feel comfortable to take risks, they might even want more of a cushion than merely half of a year or salary... maybe they want double that.. so then if they are 10 years of saving and investing, then perhaps they might be willing to take some risks.. but still at that point they might be feeling that their opportunities are not really there anymore to be taking risks in terms of their age and other aspects of their lives in which they ended up getting locked into various kinds of circumstances that make it more difficult to venture out to take risks in some of their own projects/passions or other kinds of ways to invest themselves.

A person who is able to muster up capital a lot quicker (such as building up a 6-12 month living financial cushion within a year or two of their becoming financially independent), then those kinds of persons might be willing to take more risks earlier on without getting locked into a less risk inclined lifestyle.

Because of their mindset taking an investment will be much better than nothing while big risks are common in investments or businesses that they live in, as soon as they build their financial cushion in a short time means he has thought the opportunities in this case are quite promising even though there is a big risk behind it.

I have been in business in my life, if there is an offer to me, never refuse it because I know that this is my chance to get an opportunity that is more worthy of getting after I can run the business, it doesn't matter spending money but I have to learn the right business will be carried out and until now it still survives even though income is still fluctuating, but I am still focused on living it and I believe this is the best zone for me to take to gain wealth in the business he is running.

I don't want to get stuck in a lifestyle or other luxuries, it's better to postpone this pleasure until success has really been achieved.

I think in this case they tend to be more careful because when poor people with all the limitations they have will obviously think several times about investing, especially they also don't only have to think about the future but tomorrow they have to think about it because it's not certain. they can earn more money in their current deprived condition so that when there is money they prefer to think about tomorrow rather than for the long term.
In contrast to people who have more funds they can think more for the long term and of course they can invest comfortably without having to think about how they live and eat tomorrow.

This is a great list and mostly what one sees when having interactions with these two sets of persons.
I would like to point out that I do not totally agree with this statement. Most rich persons have more than one phone and it is usually the most expensive time
Most rich persons have more than one car and it usually the most expensive type. The other rich friends in their circle does so it is almost like a competition. I can say the same for yachtes and boats.
They barely spend time on or in these toys but pay huge amounts of money on maintenance. I can go on and talk about houses or mansions owned by rich people in which on one life in but is maintained by them yearly. So, you see rich people do not just care about trends but sometimes join the trend. Just that they do not flaunt is as poor people do.

That's the difference and the threshold for sure. If you do not worry about regular life expenses, if you have enough money that it's not a problem to pay the bills, then you are rich, that's my understanding of rich.

This is about 4-5 thousand dollars in most places of the world, outside of places like London or New York for example. But in my nation, if you are making more than 5k per month, and it's guaranteed so not like in 10 years suddenly you are poor, I mean guaranteed income? In that case you are rich. And those people could have a lot better investments because even if they fail, the worst case is not worrying about money, best case, being even richer than you were.

Actually, you make a very good point here justdimin. 

The sensation of richness is being able to live within your means based on the income that you have and to NOT have any feelings that you are being deprived in any kind of material and/or meaningful way.

Accordingly, if you are able to live within your means based on the cashflow that you generate, and then if you have extra that you can invest without feeling that you are taking away from your ability to live in a way that you believe is sufficiently comfortable, then that ongoing investment is a bonus that likely will continue to grow and will likely ongoingly allow you to increase your standard of living with the passage of time.  Surely any of us can get spoiled in terms of feeling that we need certain material items to live, and likely we would prefer to be increasing our standard of living with the passage of time, rather than feeling as if we have to cut back with the passage of time.

Let me use the lower end of your number of $4,000 per month to live comfortably... that's $48k per year... That seems to be more than necessary.. and even from that number it is quite possible that $1k per month could be used for investment and only $36k is actually used or needed for living expenses and to still live relatively comfortably.  Of course, if you have a family then you do need more than what would be considered to be supporting a single person.. so the number can vary in regards to the family considerations, too.  If you are able to invest $1k per month ($12k) per year, then it may well take you three years to get to a point of having enough to have 1 year's worth of living expenses saved up (that is not accounting for how much that investment might appreciate.. but we could just try to presume that it is keeping up with inflation at a minimum and perhaps growing slightly beyond just sitting there and devaluating). 

 

Faith without work amounts to nothing. No pain no gain as they say it. If you have a good mindset that is not where it ends because you must have to work for that mindset that you have. If you are not doing well likewise you can change your destiny by working harder but working harder is not about the amount of muscles you have in your biceps but your ability to change your environment, ability to learn new things because if you are doing the same thing every day then don't expect a different result.

I like the investment scheme that you have detailed above, I accumulate that you allocate 25% of total monthly income and the realistic allocation is not too high if someone wants to increase investment every month, even though my monthly income is still relatively low but I am committed to holding more BTC at the current price range and bought it using savings funds, hoping I get high returns for long term investment.

The fact that there are people who do believe on lots of superstitious beliefs and trying out to follow Ex. Lucky charms, Lucky cloths and other which are related to it which they do really believe that it could make

them rich and surprisingly these people just simply watch and wait up for these things to effect which is really that a bullshit kind of mindset to have.You wont really progress or make yourself rich if you dont act and
make out hard work and this is the reality.There are really just people doesnt really like to work and would rather just wait up for good thing to come until they do die on being poor.
It all matter about on how you do work hard to reach it and not just sitting for something to happen.Totally opposite in between rich and poor people and if you are really that mindful on having a
change then you should changed up that attitude and perspective in mind.

And the more they have and the biggest their income is (from wage and investments), the fastest it's going to be to continue growing the patrimony unlimitedly, if a smart management strategy like the one you mentioned above is applied.

Growing patrimony is exactly like a compound investment. I believe that is why it's common to see rich people getting considerably richer each new year, while the maximum poor and middle class citizens reach is the acquisiton of a self-owned house or apartment and a small countryside property to enjoy after the retirement. There is the mindset aspect which prevents people from going ahead in financial status, but there is also the "compound interest" one.

Yes.. even with an aggressive investing (or savings) plan, you have to be careful that you are able to accomplish your regular investment while at the same time making sure that you have some kind of an emergency fund, so that you do not have to dip into your investment at any time that is other than your own choosing.

So even if you have an income of $4k per month, and you are setting aside $1k, you might ONLY want to put half of the $1k into bitcoin and have the other half in cash until you reach an emergency fund size that you feel is sufficiently large enough that you do not have to worry about overly extending yourself in terms of your bitcoin investment.

So let's say that once you have been investing half of your $1k into bitcoin and the other half holding in dollars.. after a year you would have $6k into each... but $6k might ONLY be two months of your expenses, so you might have to build a larger emergency fund cushion before you are ready to put the whole $1k into bitcoin, and so each of us will find an amount that is comfortable to us.  Frequently newbies will put too much into the investment and then they do not have anything when an emergency comes.. so how much should you have 4 months? 6 months?  Some of that depends on various aspects of your living circumstances and perhaps even the reliability of your cashflow and your ability to control your expenses in order to feel that your cushion is sufficiently reasonable and prudent rather than gambling.

If the person came from a rich clan then yes. They can talk like that because they never experience to become one of the poors but there are also rich people who started as a poor. They know how hard it's like to become one so they respect them and they even provide help if they have the chance.

It is also not true that poor people are not risk takers. If so then why there are so many addicted gamblers on poorer countries? Not just gambling but many of them do also venture different fields eg. opening a business, doing investments, trading and so on. Sometimes it's not really about our status in life but it can also be about how lucky or unlucky we are.

If you aim for positive changes, then work for it and stay focus on positivity along with faith. Do not just create action plans, but put it into action. Though losses are still inevitable, but it won’t be a big barrier to achieve what your set goals in life. Take some calculated risks if needed, as others would also say, no risks no gain. Lastly, stay patient and never be greedy. Everything good in life does not happen in an instant, does not have shortcuts, so just work on them one step at a time.

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.

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.

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.

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 (https://freeimage.host/i/HYxLu99) 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 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.

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.

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.

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.

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.

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.

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!

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.

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.

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.

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.

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

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.

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.

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.

    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.

It is better to work towards your dream and die trying than to have a long life and live a miserable life, I have seen too many R.I.P in my own world and I also feel like struggling less but I ask myself, what if I am destined to live a long life?

My enemies won't have their way, never, I have been told too many times that I won't succeed in life and lately they are surprised, it is just the beginning, giving up on my dream is like a dead man walking.

Do not give up just because your life can end at any time, who are you to say that?

In everyday life, we all perform certain actions and deeds. 

There are activities that bring us income, and there are activities that do not bring us income.  The mindset of wealthy people is focused on income-generating activities.  The thinking of poor people is the opposite...

Planning and analysis are also very important.  You need to constantly analyze the system that allows you to generate cash flow. 

And ask questions - What works well in this system?  What can be done better?

We all have this laid down opportunities for everyone to make it in life but only to those that can discover they could actually do, poverty start from the thinking mentality of individuals and the way they attend to situations in life, which means we all have equal opportunities but those than take quick advantage of it are the successful ones that make it to getting rich, we cannot blame anyone for our failures be it our parents or government because the decision we take in life comes from us and that right to choose lies in our hands as well, but some have settled for less to the standard been expected of them because they never see themselves being there.

We all have the same opportunity to be responsible for everything that happens in our lives, but all of that cannot be separated from the rules in life, be it the environment, the economy and also education so that a mindset is born for someone, wherever one's mindset is good Whether it's a poor mindset or a rich mindset, there are many aspects that influence it, even though when they grow up everyone can change it.

the percentage of people who can get out of a poor mindset to be better is very difficult, they must be able to control themselves and also get out of a bad environment and must also be able to have a qualified education, even though it is possible but it is very difficult.
So, I think family is very influential in all of that.

It's true that the mindset of the rich is more or less like that and the mindset of the poor will be different,
Environmental factors also influence the formation of mindset,
those rich people will think how to double their money and be ready for risks.

I don't really like to say rich people are always positive about their finances, it's as if poor people don't have positive thoughts when looking at the context of the current title.
The reason they are ready to feel like they are losing some of their money when investing is that they already have financial reserves and the funds used to invest are funds that are not really used for them for a certain period of time so that when the investment choice is taken they will not worry too much even if it is in the end something happened that they didn't really want because they were still able to support themselves and their families. In contrast to the poor, if they are given the opportunity they will obviously do something like this too, but when there is nothing else to bet, they become more careful because if they invest, it is difficult for them to get money back in their current poor condition.

They work differently because these two poor and rich people have different views on the future.
Rich people spend their money on something that could give them returns or profit while poor people spend their money on something don't have. They don't afraid to risk their money because they believe that it works fine and with a plan. But poor people don't do it because they already think about failure and losses.

Your argument is wrong, if you say the poor buy things they don't have, do the rich always buy things they already have?
When it comes to profit, they will always buy it for their benefit.
When it comes to future outlook, I'm sure they also want a happy ending.
In my opinion, why do people become poor and rich because of their mindset about how to manage finances, no matter how little or how much money is managed, people who are good at financial management always maximize their money for developing their business, whatever they buy is definitely aimed at smooth running or productivity in business or work.

The people are very conscious on how they spend their money and I would like to be precise about the type of rich people that i mean. We have the materials inclined rich people that are only after buying expensive wears and jewelries to impress the public about how rich they are. That is not my point of view because the kind of rich people that I mean are those that are investors in nature.

People like Elon Must, Mark Zuckerberg etc are the type of people that don't spend money to buy expensive wears to press people buy use there money to create more businesses that would yeild them more money.

This is the kind of rich people we'll have to look to and learn from them how to create a better businesses that will make us successful in our endeavours.

I would rather consider my own efforts and working towards progress improving myself as competitions with myself rather than competitions with others, and I give few shits about what others think about me.   At the same time, I have no problem attempting to be courteous to others even if they do not agree with me or my vision in various ways.

Also, personal goals do not necessarily need to be described to others, unless there might be some reason to describe what you are doing.  Let's say that a friend might ask you to engage in a certain recreational or entertainment activity, and you might say that you are working on x, y or z project, or that you could not see spending $200 on that because you have a budget that ONLY allows less than the amount that they are suggesting you spend, or that you are reading a book and needing to prepare for a class, or that you have to go volunteer on a project that does not pay any money so you are giving up some of your wages in order to get exposure to certain experiences, so perhaps your friend will consider that you are spinning your wheels and wasting your time, and I doubt that you need to prove anything to him/her but instead just keep plodding on your path in terms of selecting your priorities that might not show meaningful/material/monetary results in any kind of short period of time, perhaps won't even show meaningful/material/monetary results in 3-5 years... even though the results can be seen by you in terms of your feeling more and more prepared for higher level challenges and perhaps even offers or opportunities that come due to your various ongoing and persistent preparations and choices how to spend your time.

Another thing if you worry about impressing others, then you may well be focusing your energies wrongly or worrying about the wrong things... because sometimes (if not frequently) others might not be able to measure or appreciate your results and they may well consider that you have not put yourself in a better place, even though your assessment might be different, and it could even take 10-20 years or longer when you realize that you don't really have to work anymore or that you can choose not to do certain kinds of work, and you might see that your friends from earlier years are struggling financially or even having to work for many years beyond your own path.


I doubt that each of us have equal opportunities.  There are going to frequently be decisions regarding what kinds of resources that you have available and how to spend them, including your time and energies and if you have created reasonable goals that you can work on achieving.  Sometimes any of us could put ourselves into a position that we have to change our goals or that we might lose track of our goals, and we also might create goals but then do not take adequate steps in a direction that would work towards achieving the goals, and surely people do not start out with equal resources, but there may be times in which their paths cross but there still might be different resources that might exist at different points in life.

I would imagine that each of us fuck up in various ways in life, and some of the fuck ups are more recoverable than others, but some fuck ups lead us down a path that might make it more difficult to create certain goals that we had previously considered as possible and reasonable.  I would not even proclaim that we are able to put ourselves into any path that we like, and surely there is value to youth, but there is also value with social circles or money, but having wealth (and resources) in any one area will not necessarily guarantee us success if we squander it or don't figure out a way to deploy it, and for sure, we could screw up one of the areas, but still have some fall back areas that we can use to either reestablish our earlier goals or maybe to create new paths that are based on our having had to readjust to new circumstances, all of which might not have been chosen or foreseeable but become part of our new baseline upon which we are attempting to go forward.

What is clear is that opportunities always exist for those who have excellent competence in their fields. I often see people competing for the same opportunities even though they have different resources.
So here it is important to use the time and energy that is available, to improve one's abilities in more than one area that is mastered as a support for the success of goals, even if we fail in one field we still have the ability in other fields to look for opportunities for success.
Because in my opinion the opportunity for success will come by itself when you have qualified skills in the field, especially if you have mastered many fields to support your goals.

The way we think has great impart on our success and achievement. That is why is better to always think positiv
in all our doing

To me we never have equal opportunities, you can't compare our easy someone born in a rich home can make it big to someone from a poor home. When opportunities come, the rich can quickly take advantage of the opportunities when the poor person is still looking around for money to get things done for him/her not to miss the opportunity.

This is the truth and reality of life. We may have different opportunities but equality of it varies from person to person. Those rich are taking more opportunities because they've got the resources. Whilst the poor, they've got lesser opportunity but as determined with their dreams and goals, for sure those people that work smartly and hardly will get out of that situation and they'll also be privileged in terms of opportunities and it shall come to them because they've achieved something that's being looked upon by those that are at the top too.

One distinction I've noticed over time between wealthy and poor people is that the latter are consumerists. They prefer to accumulate possessions in order to appear wealthier than they actually are. They will save money to boost their self-confidence by purchasing pricey apparel and accessories. However, those that are rich prioritize having money rather than appearing wealthy. They make an investment to do this. Contrary to poor people, wealthy people save money to invest rather than squander. They become wealthier through investing.

This is a very basic difference and is also very often seen by many people at this time, so that a poor person whose goal is to make his appearance look rich in the eyes of many people will still be poor in his life. Whereas for rich people who are still happier with a simple appearance, they will still be rich in their life by continuing to do every job that benefits them, as in the example you said, namely investing in some very good assets for their future.

What you say can be said is common in today's life. Poor people often have a habit of refining their appearance to show that they are not poor, while rich people appear to be more simple. However, not all poor people are like that, and we cannot equate all of them. There are still many poor people who work diligently, saving little by little to care for the future and there are also rich people who like to show off their wealth, and they often look down on those who are poorer.

Those are not my words, pay attention to the people you quote.

Yes, maybe when talking about educational opportunities, nutritious food and others, of course the poor will not get it from the start, but talking about opportunities for success and success they have opportunities to build them at a young age. He can improve his skills, build himself to be better and focus on what he is passionate about and he certainly has the opportunity to build his empire.

Humans have two patterns of thought that can be learned
1. Fixed Mindset
which people with this mindset tend to believe that talent is born and intelligence is absolute and there is no room for growth.
2. Growth Mindset
People with this mindset they will always keep trying and keep fighting no matter they come from the poor or whatever their background and have talent or not, those with this typical mindset are people who believe that effort will never betray results.

There are lot of things you have said here and I strong believe they are all true.
Lemme add this..
Have you also forgotten that same chances the Rich has to become more richer same chances the poor also have become rich?. But what I understood recently is that, the poor don't want to accept responsibility.
Yes, I mean it, It sound very common but there are  meaning to it. Do you know the word "Responsibility"?


So, for some lazy poor mindset they will say it's not my responsibility to go out there to make money either their parents are there or they older ones are there as well, which would likely caused them not to take up their responsibility as man to become wealthy. Most rich men out there are the people who fully accepted all responsibilities.

This is part of the thing the poor have to correct in their lifestyle. Why will you try to appear rich when you have nothing. They should learn to invest from the little they have for their future instead of buying unnecessary things that loose value to time.

This is influenced by knowledge and ego that cannot be controlled, buying things that other people only want to look at or look rich is an example for people who lack knowledge, they tend to prioritize style over capability.

Because you can see their mistakes, maybe you can give the best advice you can without offending the poor guy, and of course you have to guide him on how to invest properly, to be honest if you suggest tutorials on YouTube or other social media it's not very effective, because I've done that, but if you guide him well according to your knowledge, maybe the poor person can turn out to be good in the future after receiving your guidance.

I don't care how people spend their money, they could very well have a luxury jewellery set that could build a whole factory instead, and I would be ok with that too. What I really care about is their income, if you make 1 million dollars a year, and you can live comfortably and do not have any financial issues, then go ahead and do whatever you want with that money.

Not everyone has to become a billionaire, if you have like 200-300 million dollars in the bank, you do not need to have 200 billion valuation at all. These are just examples, you might as well be someone with 10k dollars a year income in my nation, and not want more and only focus on living a good life. It's all about income, as long as your income can support you, then do whatever you want.

I don't hate the poor, but I'll agree with this. They should get rid of the bragging disease, it can't help them to have a rich life with those things. I don't know the reason behind saving money to buy things that are expensive relative to their income, but I really disagree with that thinking.

I also have a few friends like that, they even fasted just to buy a new iPhone. They use a new Iphone, while I haven't changed my phone for 3 years and their income is only 1/4 of mine, it's hard to understand. And what is even more interesting is that it is tough to change their mind, I have repeatedly advised them to save to invest instead of buying those luxuries. But what I got in return was a rejection.

We all can be rich but what tied us to being poor is our mentality, we need to change our way of thinking and reasoning and get new orientation to position us the normal way we should think and live our lives, we are not expected to feel inferior with the way of our life, we must be courageous and remained determined for success no matter the price required, it's what will change our lives for a better tomorrow if we set the mindset right on a good positioning to work in our favour in whatsoever thing we do in life

This is one of the mistake that poor people especially salaried middle class people are doing and the reason for it is simply those rich individuals who owns all those luxury brands conditioned everyone's mind to be how we should be irrespective of our financial stability via mainstream media for decades and generations.

Ignoring all these unnecessary goods alone will not make us rich to be honest, we have to utilize those saved money into something productive like investing so the money produce more money and the cycle keep on going and that's how rich people are made.

Yep, that's true, poor people always want to appear rich rather than show themselves as they are, especially after the development of social media, even people who are not rich or are still middle-class in terms of their social status always show wealth that is made up to attract rich people. audience on social media.
I see that from my friend's social media account even though they are not true.

Investment may be the answer to increasing income continuously, but before investing, it is important to learn the basics and not just enter the investment sector, especially now that there are still many scams.

still knowledge must be increased to answer it all.

These Key differences are so valid. I've seen the exact thing/behaviour in rich and poor people. It is proof that we don't need to be born rich to be rich. Instead, we just need rich mindest. Even a very poor person with a rich mindset can make his way up and become rich.

But a rich person with poor mind can loose all his wealth buying luxuries and chasing desires.

Also, I must include that mindset does not come by birth. It is up to the person to develop a mindset. So, if you think you have a poor mindset. Work on it to change it and your life will change drastically.

The rich get richer because the way for them to acquire things has already been done,  so they don't struggle to acquire wealth. One that is poor will always find it difficult to make money because the flow of money have not been created within him, but once a poor man succed in creating a medium for the flow of money that will be the beginning of get more money. The reality of wealth is that money is been used in forming it, without money it is difficult to generate more money. So , the rich people already have the key in their hands to get what they want.

Changing mentality is also not that easy because various factors, especially environmental factors, seem to really influence it,
when we are in an environment that is always supportive and continues to work hard that is where our mentality will be formed,
all of that requires process and sacrifice.

Nobody wants to be poor actually but can't hide the reality that even how much you think about improving your living and becoming rich if you really don't have the capacity to do it like no education, no capital to start a business, etc...You can really think that mindset won't save you from becoming poor forever.

The level of thinking varies with the status of our living. Of course, rich people could think bigger and more about positivity while poor people had only think about how to survive and live happily together.

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.

Something bothers me about several of these responses that seem to want to describe poorness or richness as a static status.. and also similarly with mindset as if it were some kind of a static status, when it seems that a lot of us can fuck up a lot, and then get our shit together at a later date in order to make progress towards improving our situation in measurable ways.

Of course, people vary in how they come into the world in terms of level of education, level of capital, social networking resources, etc., and surely some people have circumstances that are so dire that it might be close to impossible for them to become rich - yet they still may well be able to improve their lot in life by trying to muster up resources that they have in order to make incremental progress (or at least ongoingly work on doing that) and sometimes the incremental progress will end up leading to lucky opportunties or even times in which exponential progress ends up taking place.

I doubt any of us suggest that positive thinking or great mindset is going to help you by itself if you are not ongoingly taking action to improve what you are doing or to work in certain directions that you believe to be fruitful in regards to making progress towards goals that you have set for yourself, and sure success is NOT guaranteed - but it seems to be a lot more likely that any of us is going to make progress if we are setting goals for ourselves and working towards goals, rather than just focusing on how some obstacles are too difficult or focusing on how some people have it easier.. which both things are actually true, but there still can be ways to look at our own circumstances in order to attempt to figure out ways that we might have advantages, and then acting in order towards things that we believe that we have advantages and interests and hopefully, we can also get paid for activities and our interests because if we cannot get paid, then we may well get sucked into situations in which we do not have enough capital built up or saved up in order that at some point down the road we might be able to stop working or to be able to choose whether or not to work because we have income coming in that supports our standard of living up to the level that we are comfortable and can consider ourselves as successful.

i think we as a human being does a lot of mistake during our lifetime - one of them is wasting so much money and time on the people who dont deserve it.
The sooner we realize this the better it is !
It is better to have a small side hustle with less investment and give yourself its best.

In conclusion maybe, no matter how much positive thinking from both the rich and the poor when they don't take action on what has been planned for success will only be wishful thinking, it's true that everyone's thoughts vary and may include the orientation and implementation of happiness in life they are a level of success where not everyone has a reference to the prosperity of material resources to show their success and happiness.
A goal that makes a person feel proud and successful in terms of his success must indeed take steps that can indeed lead to that goal.
Executing the steps that have been planned and when you have claimed that the path leads in the direction that is already the goal is the most important thing to take.

A lot of people are making mistakes, they are not embracing investments thinking that paying jobs/labour would be the solution, and this happens until they waste the best of their years. But you would hardly see people that are rich with paying jobs, even those that are rich with it would still have a challenging future if they did not plan ahead. Investment is the key, and if one would not invest, such should be ready for multiple income streams to cater for a good living and savings for the future.

This is not peculiar to any class, it's the responsibility of everyone to think ahead and build a strong financial freedom.

While we idealise rich people - they have their own struggle - they might have made their own mistakes
But we only see where they are today. I read most of the times that many rich people failed while trying to establish their business - I am a complete failure - never have ever lucked sided me in my life time

Are you in your 20s, 30s or older?  And do you have any goals?

It's not uncommon for people to believe that they are not making any progress, but you do not have to be rich in the eyes of others in order to consider yourself a success in terms of achieving your goals, such as if you are able to have an income that is greater than your expenses and to be able to save and invest in such a way that the money that you invest and save might well allow you to get to some variation of fuck you status, even though it could take a long time to get there.. but anyone can describe fuck you status within there own parameters, but the main idea of fuck you status is being able to have enough income that you do not have to work.. and/or that you can completely elect any work that you choose to do.  Sometimes it takes a while to reach goals, yet even making progress towards reaching goals may well be considered success and lucky to some degree.

Then why don't you ever learn from the rich while he has failed several times and in the end succeeded thanks to hard work in building a business, now do you understand their business concept?
Even though they have had their own struggles why can't we too even though it's the same as failure the important thing is don't ever repeat the same thing if it's wrong in doing business make sure you are also right in financial management because this is also important to become a rich person.

It's not that you've never had any luck in your life, but you don't want to try which in the end gives up blaming yourself and God is never fair to you, maybe that's in your thoughts.

If we are young when we still have a long way to go to build a successful road and never be discouraged by others, we can be as rich as they will still need a long journey.

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.

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.

The important thing in dealing with this life is that you can make your life goals in a better direction or have goals to be able to achieve a better life in the percentage you can have expectations from year to year.

we mustn't lie to the fact that life is full of lavish lavish style in every aspect of our lives. whether the rich or the poor they have a better life instinct every year.

therefore the mindset of the future must exist within us to change our lifestyle in a better direction.

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 think so too, because being lazy even if the goal is good, well... it's okay.
and in the sense of being lazy here is resting the mind so that it relaxes again after a long time of hard work. because the reality is that humans are lazy and work. and it is needed by the human body. but in my opinion, in living this life, you have to enjoy it, whether you're rich or poor, it's the same. because
to be honest, I personally experience failure very often, but from that failure we must learn.

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.

Comparing yourself into others would really be only just giving that kind of stress and desperation but it would be depending on someones taking because there are ones who do make it as an inspiration for them to

work hard and do their best on what they are currently dealing with and this is why we cant make out conclusions on how someone do sees off things.Its true that we do have different challenges and facing up on things in life which we cant really belittle someone just because we are better in terms of financial.

We are thriving for the best of us in terms of financial but there are things which cant really be achieved in short time.

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.

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.

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.

Very problematic. There are poor people that don't really stand a chance. Sure, if you got all the opportunities, education, health-care etc. in a stable western society, I'd say most of your points apply in some way.
However, if you never had access to a proper education, are struggling each day to survive, there will be no time, energy and resources left to use that amazing "rich-people-mindset".

So, I'd say be careful with these generalizations. Yes, you can find exceptions where people managed to come out of the most desperate situations, but it's just not fair to simply break it down to a "well, your loss, bad mindset is the reason you are not rich, bro" argument. Just saying.
If you got all the foundations covered, sure, it's a good thing to take responsibility for your life and take calculated risks, read books, listen to successful people but at the same time use your own brain instead of relying on some guru-advice and really think about how you want to spend your money and time. Then you got a chance to become one of the rich-folks.

The human mind will always be tempted to do bad things, it is very difficult to maintain positive thoughts and in my opinion the presence of a motivator who keeps reminding is important for the company, to achieve goals and be able to win the competition of course the company must always provide motivation to employees, and the company should not afraid of losing employees for doing the best thing that is to maintain positive thinking from employees.

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

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.

It's in the basic principle of understanding each other's way of being grateful for what they have.
In one phase, the mindset of both the rich and the poor is of course very different in managing their finances and the opportunities they have. Now, I will describe a little how this can be a factor if they cannot take advantage of every opportunity they have to become a source of passive income that can make them change their destiny in the years to come. People of all walks of life I think they have one shot at in every line of business they go into in their life. So if they fail to take advantage of that opportunity then I think the fall for financial or other things will affect the development of their business.

Financial management and supported by a genius mindset will be able to give birth to brilliant ideas in what they do. Maybe a few examples are those who are trying hard to collect a lot of BTC in their portfolio. In this context we need brilliant ideas on how to take advantage of the results of the Sig income that we will process to be able to make a profit, both in terms of trading or making savings and also how do you  can save 50% of what you get from sig, that's a form of mindset that we have to think about in order to be more efficient and get the dreams that you plant from this year.

It's not like that, everyone wants to be rich, and that's the truth, but many people don't dare to face it. People who say they just need love from family, they just need to be happy, money isn't everything... those people are just trying to hide the fact that making money with them is really a mission impossible.

I know this is a harsh truth, but it is true, no one is without money, and money is still something that everyone aims for in this life. Without money, you cannot be happy, you cannot have love, and without money, no girl will marry you. If you can't give your child delicious meals, that's never called happiness.

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.

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.

A poor person, such as a laborer could still figured out some strategy to stock away $10 per week into something like bitcoin, and if they just continue to live their lives, over a long period of time, they could end up building up decent quantities of reserves to give themselves more options.... So for example, if the poor person had invested $10 per week into bitcoin over the last 9 years, such poor person would have about 4.5 BTC currently (https://dcabtc.com?sd=2014-02-03&sda=9_years&f=weekly&d=9_years&ac=1000&c=true), which would add up to about $106.5k based on current BTC prices of $23,650.

Sometimes persistency can even put a relatively poor person into a decent position with more options than s/he would have had if s/he had not put aside investments along the way, and of course, choosing bitcoin would be way more likely to have longer term benefits than choosing some other investments that might either be more difficult to make with small amounts or problematic to pick some shitcoin that may or may not end up being able to survive in the longer time period.. such as if we might even be projecting out a retirement plan that might be 30 to 40 or even more years into the future when someone might start his/her working career - even if poor in the beginnings and even if choosing relatively dead-end jobs.. which can sometimes show that there might not be a willingness to prepare for the long term, but still even something modest on a regular basis can have compounding beneficial life-changing effects.. especially if projected over longer periods of time.

Yes, I agree with you.

Very often, children are completely different from their parents.  Humans do not reproduce by cloning or budding.  Genetically, children are a combination of the genes of both parents, as well as all of their ancestors. 

Many people believe that parents can greatly influence their children by raising them. 

However, it is not. 

At a certain stage of personality development, the child imitates his parents. 

However, at other stages of his development, on the contrary, he tries to oppose himself to them in order to show his individuality.  Great teachers write that the most important thing is not to try to raise children, but you just need to love them. 

And how, then, to develop in children the thinking of a rich and successful person?  In my opinion, to achieve this goal, it is necessary to convey to the child the information that this type of thinking will bring him benefits in the future, in the hope that he will subsequently choose this path for himself.

I met a person - the most corrupt person in my life and he pretended to be the most the religious person
but he is a scammer - according to him his father was a religious person - and he too is but he was the worse person I ever met in my life.

Excellent point, you make there. It's incredible to observe how even little contributions over time may yield significant results. People should be aware that they do not need to be wealthy to begin saving and investing for their future. A little weekly investment might grow into a significant sum over time.

Those without a lot of capital to invest would do well to consider Bitcoin, and I agree with you that this is the case. It's a terrific entry point for novice investors because of how simple it is to purchase and sell. You're right that, over time, even a few dollars here and there may amount to a substantial sum.

While Bitcoin and other cryptocurrencies have enormous profit potential, investors should be aware of their extreme volatility. Before putting down any money, it's vital that you study the market and learn about the potential dangers.

Dollar-cost averaging is a method that may be used to invest in Bitcoin or any other asset over time. This method entails putting away a certain sum of money periodically, regardless of the asset's value. By spreading out your investments, you may reduce the likelihood of losing everything in a single market downturn.

Putting away a part of your monthly income specifically for investment is another viable option to consider. The key is to make this a consistent practice, even if it's only a 5% or 10% reduction. In this approach, you may gradually amass a sizable investment portfolio without having to come up with a huge chunk of money all at once.

Yes, that's the reality, but parents should have a greater responsibility to educate their children,
In addition, environmental factors also affect the development of children,
what is clear is that the behavior of parents cannot be used as a benchmark that children will have the same behavior.

That is something that is very certain because parents are aware of it or not, they are one of the best mentors that children should have, especially when they see the actual condition of children at a very young age, it is clear that they need great guidance in this matter, so the role of parents is very be vital in this regard.
The reason is quite clear, when we as parents it is clear that we are the ones who spend the most time with children compared to other people so that indeed all forms of behavior that we do will clearly be a real example for our own children.

Indeed, in other cases the role of all fields such as the environment also has an effect, but in this case when we look at the comparison, it is indeed the parents who play an important role in the survival of the child in the future. So when we as parents set an example that is not very good in living life, we cannot expect much for children who can indeed get better, even though this is still possible, but children at a young age will clearly see what parents do first. before other people unless they already have their own thoughts and point of view later.

Of course, a person who had ONLY been able to reasonably stack away $10 per week over the past 9 years, may well not be a very rich person.. so maybe they don't really have any extra money, so over the whole 9 year period they are going to be tempted over and over and over to dip into the amount that they had saved (including the amount that the savings into bitcoin had appreciated in value), so they likely need to structure their way of managing their wealth in such a way that they are not tempted to dip into their investment.. and if they do dip into the investment, they are somehow attempting to supplement that investment.  None of these investment management practices are easy to figure out, even though for sure it seems to be a much better problem to figure out how to manage having more wealth (and savings) rather than never having had accumulated any kind of savings of investment.

Another thing that happens with the accumulation of wealth is that even if you are not dipping into your wealth, sometimes, you can still experience considerable wealth affects in terms of how you manage other aspects of your money including your freedoms to spend more money without feeling guilt, when you have a decently-sized amount saved/invested.

Of course, some of the financial circumstances (and even psychology of any person is likely to change over a period of 9 years) but hypothetically speaking, let's say that this person ONLY made about $1k per month, and s/he had expenses that include lodging, food, transportation and entertainment that was in the ballpark of $750 to $1.2k per month depending on the month, and so some months, s/he would be able to build an emergency fund and a savings fund, so perhaps s/he would be engaged in such a practice in his/her earlier days into bitcoin, but with the passage of time, even his/her emergency fund became more stable too... so maybe at first when the person first got into bitcoin, the emergency fund was really ONLY enough to cover 1-2 months of living expenses, but after 4 years, the emergency fund could cover 5 months of living expenses and after 8-9 years, the emergency fund started to be able to cover close to a year of emergency expenses, so sometimes there can be decisions to live more adventurous or to spend some of the money in the emergency fund because there is perceived to NOT be a need to keep that much extra funds that are in an emergency fund... and surely none of the abilities to build funds UP to higher levels are guaranteed - including it is far from guaranteed that bitcoin's price will even continue to go up, even though it remains amongst the best of current investment options (if not the best of investment options) that are available to anyone who is able to figure out some kinds of ways to reasonably/prudently invest in such a way that is sufficiently aggressive, while being within his/her own means of income and psychology and also to perhaps be able to reassess in detail once or twice a year to verify if the track that is being followed is working out sufficiently well or if perhaps some kinds of tweaks and adjustments can be or should be made.

So, I guess part of my additional point is to suggest that it can be difficult to maintain the employment of any kind of consistently and persistently meaningful investment strategy over a long period of time, and there can be ways to overly think or overly tweak or to get tempted into withdrawing and/or changing the strategies along the way that may or may not be good for the overall strategies, and I  am not even suggesting that any strategy needs to be perfect in order to still be able to have very good potentials to receive advantages from compounding benefits that come from maintaining an investment over a long period of time and also that perhaps continues to attempt to include ongoing persistent building and accumulating strategies that are some what conservative and even seemingly small, yet the compounding effects can still end up having decently good chances of paying off well especially with something like bitcoin in the mix, so long as you do not over do it and end up fucking yourself along the way because you got too greedy or did not keep persistence in your longer term oongoing investment strategies that should have continued to put reasonable amounts of money into it (and to keep that value secure) with the passage of time.

even some educated people would not be able to do the good upbringing of their children
some of the rich people school in our country has the most ill mannered students. i think the best practice kids and their parents do are in JApan - they really produce the gems from the school

in some case - success is not only the money which people realise later in their lives.
Success in some people opinion is health -  satisfacTION AND CONTENTMENT TOO

IN my humble opinion - in most case - Rich people would spend their money for their purpose that could give them returns or profit while the poor people are struggling with their bills  spend their money on something don't have.

The key difference between rich and poor mindset in my opinion is, the people with rich mind set focus on growth, always take timely action and perceive opportunities with positive outlook, whereas those with poor mindset have scarcity mentality, focus on short term gains and always have excuse for not taking action on time and have negative attitude. A successful individual always belies in continuously learning and  never blames external factor for his failure, instead learns lessons from mistakes and moves on.

That is a form of practice that maybe I personally cannot blame what you say because there are some people who are like that, but in terms of the purpose of taking advantage I have said that they take the same goal, namely for their own benefit, both the rich and the poor. in terms of spending or fulfilling bills, it is true that poor people are always pressured by this, but in my opinion, if a poor person has a far-reaching mindset for a better life, they will try their best to get out of that zone.

What you say is true, but in this condition it is difficult for us to say we are healthy when we don't have money there. Indeed, in terms of the condition of our bodies, we don't have anything serious, but obviously not having money will obviously have a real impact and we may also have to have problems because we always think about it, so I think health also clearly has to have money beside it.
On the other hand, it's about satisfaction. What kind of satisfaction do you want to aim for? when we have a goal in life we obviously need money in it to support everything that is needed to achieve that satisfaction.

I don't mean to prioritize money under any circumstances, but I still feel that as long as we want to be calm, healthy and get satisfaction for ourselves, all of us have to have money as a real criterion.

Yes, and that is because they're giving the importance on how to spend their money wisely. Because if they don't spend wisely, they'll have to work harder.
And instead of working harder, they're working smarter and making their each penny work for them. That's how they're becoming richer with all of the money that they have.
They understand how important it is to spend each of those so that they don't have to work themselves too hard.

that is important to spend your money wisely.
If I look back I wasted so much money - my friends have been looting me and people think that since I dont have family I dont need money and they kept stealing my money

There is huge difference between poor and rich. When rich person receives money he/she does not have to think for basic needs such like food, cloths and shelter but in same time when poor person receive sudden amount he/she must have to think about their basic needs first. This needs does not allow them to invest. Rich people easily invest their money for investment but not easy for poor. My advice is at young age we must understand financial knowledge how to earn, how to save and where to invest and yes we decently teach our kids about financial knowledge from their childhood.

There are many opinions that differentiate the mindset of the rich and the poor, but all of these opinions cannot be leveled, because sometimes the situations and conditions are different.

Like rich people, I'm sure most of them have been born into families that were originally rich, and at least are well off. So surely, the habits of their rich parents will be taught to their children. So from a young age they are used to an affluent life, and when they grow up, they only have to ask their parents for capital, and they can start running their own business.

And when it comes to people who are poor, there are also those who were born from backgrounds that are indeed poor, there are also those who were initially rich or affluent, but because they could not manage and organize their assets, they eventually became bankrupt. Not a few people who are poor at first have rich parents, but because their children feel too safe and feel they don't need to look for wealth anymore, in the end their children fall down, because they have never learned about the difficulty of making money.

So in essence, when it comes to spending money, sometimes even rich people waste their money just for fun purposes, maybe it's even rich people who buy a lot of things that really aren't important. Because they have a lot of money, most of them waste their money on things that really don't really matter, such as buying expensive bags, expensive shoes, and expensive vehicles. Even though if you look at its use, items that have low prices also have the same use (I'm here taking my opinion from the facts).

And while poor people, in my opinion, tend to save money all the time, because their income is mediocre, it keeps them thrifty. Of course they only buy basic needs, even if they are cheap, the most important thing is that they have a use for them.

but the problem is that why you allow them ? i mean you can prevent it but still they continue doing it. I really don't know what your reason but for me it was sort of you are just giving it to them or they are asking to lend money which you give also. Most of the rich people i noticed is that the money works for them meaning they are not after money, they are investing into something that later on the money will work for them like a passive income.

I agree with the conclusion, the main difference between the mindset of rich and poor is the mental attitude one has towards money and success. People with a rich mindset tend to have a positive attitude and focus on growth and opportunity, while people with a poor mindset tend to have a negative attitude and focus on insufficiency. People with a rich mindset also tend to take timely action and don't procrastinate, while people with a poor mindset often delay action and have many excuses for not taking the necessary action.

However, another difference between the rich and the poor lies not only in material wealth, but also in the mindset and mental attitude they have. A positive and creative mindset, as well as a productive and resilient mental attitude, can help a person achieve financial success and achieve their life goals. Rich people with poor minds can also lose their wealth quickly if they are not wise with their money and spend too much of their money on luxury goods and unhealthy lifestyles. The important thing to remember is that mindsets are not static and can evolve over time. If someone has a bad mindset, they still have a chance to change it and improve their overall quality of life. This can be done through education, reading inspiring books and articles, and associating with people who have a positive and successful mindset.

I think the thing that distinguishes rich mindset vs poor mindset is if they have money, if both are given the same money, for example $ 1 million, then the rich mindset will think about making $ 1 million to $ 2 million in a year, while the poor mindset will think about what to buy with $1 million.

Rich mindset and poor mindset are two different ways of thinking about money and health. A rich mindset is characterized by an abundance mentality, where one believes that there are always opportunities to create wealth and that success is achievable through hard work, persistence and smart decisions. People with a rich mindset tend to focus on their goals and take calculated risks to achieve them. They are not afraid to invest in themselves and their future. While poor mindset is characterized by a scarcity mentality, where one believes that there is never enough money or resources to go around. People with a poor mindset tend to focus on limitations and the obstacles that stand in their way. They may be risk averse and avoid taking chances that could lead to success. They may also be hesitant to invest in themselves or their future because they feel that they don't have enough resources to do so.

that's true there are many things that distinguish the mindset of the rich and poor including the courage to take risks but that doesn't necessarily happen without a reason, many things make or shape a person's mindset and when someone wants it to change it can happen as long as there is desire and will.

I once met someone with a poor mindset, his life never changed and even to want more he did not dare but one thing happened to his life so that only in the next few years he could be successful so I think everyone can be like that as long as there is a desire or something that happens in someone's life that has an impact on these positive things.

A rich mindset and a poor mindset differ from each other. I think the main difference between the two is the approach in money. People with rich mindset tend to view money as a tool to create more wealth, while those with poor mindset tend to view money as something that is scarce and difficult to find or obtain. People with rich mindset see failure as an opportunity to learn and grow, while people with poor mindset tend to see failure as confirmation of their limitations. People with rich mindset are very much proactive and they do take calculated risks, while poor mindset tends to be reactive and they used to avoid taking risks.