Rich Mindset vs Poor Mindset : 6 key differences

[Dickiy]

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.

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.

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[odunybiz]

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,

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

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

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.

[blockman]

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.

[alastantiger]

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.

[Davian144]

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.

[Swordsoffreedom]

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.

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.

[Dickiy]

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,

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

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

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.

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.

[Cryptomiles1]

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"?

To be in a position of authority over someone and to have a duty to make certain (Wealth, Power, etc) that particular things are done:

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.

[odunybiz]

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 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.

[BigBos]

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 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.

[beerlover]

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 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.

[Tony116]

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 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.

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.

[Doan9269]

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

[jrrsparkles]

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 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 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.

[bangjoe]

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 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 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.

[redsun114]

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.

[Rockstarguy]

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.

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.

[monineklutak]

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

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.

[Yamifoud]

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

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.

[palle11]

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

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.

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.