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Author Topic: Rich Mindset vs Poor Mindset : 6 key differences  (Read 3753 times)
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February 06, 2023, 07:14:41 PM
 #241

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.
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.

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February 12, 2023, 07:37:54 PM
 #242

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.
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

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May 03, 2023, 11:37:00 AM
Merited by JayJuanGee (1)
 #243

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.
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May 03, 2023, 12:48:26 PM
Merited by JayJuanGee (1)
 #244

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.
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.
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.

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May 03, 2023, 12:51:32 PM
 #245

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.
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

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.
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May 03, 2023, 12:58:06 PM
 #246

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 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.

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May 04, 2023, 02:16:39 AM
 #247

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.


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May 25, 2023, 06:39:37 AM
 #248

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.

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May 25, 2023, 10:17:57 AM
 #249

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.
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.
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June 01, 2023, 08:28:19 AM
 #250

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.

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