Rich Mindset vs Poor Mindset : 6 key differences

[og kush420]

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.

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.

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

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!

[Ayers]

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.

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.

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.

[xSkylarx]

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.

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.

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

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!

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.

[og kush420]

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.

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.

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

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!

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.

[Crypt0Gore]

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.

[sovie]

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

[JayJuanGee]

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

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

That'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.

[Cryptock]

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

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

That'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.

[Outhue]

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.

[bettercrypto]

    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.

[Outhue]

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

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

That'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.

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?

[Smartprofit]

   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.

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?

[Aanuoluwatofunmi]

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.

[Fakhrulenclix]

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.

[Chainsmokers]

   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'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.

[Jody.Drummer]

   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.

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.

[Hypnosis00]

   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'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.

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.

[BigBos]

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.

[Bushdark]

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

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!

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.

[JayJuanGee]

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

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

That'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.

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?

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.

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.

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.