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Author Topic: Rich Mindset vs Poor Mindset : 6 key differences  (Read 3838 times)
BRINIRHA
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September 08, 2022, 03:08:28 AM
 #61

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.

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September 08, 2022, 03:18:49 AM
Merited by JayJuanGee (1)
 #62

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.

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.



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September 08, 2022, 04:00:19 AM
 #63

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?

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September 08, 2022, 10:58:03 AM
 #64

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
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September 08, 2022, 12:20:35 PM
 #65



🗝️🗝️ 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. 🗝️🗝️


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


🗝️🗝️ 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. 🗝️🗝️


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


🗝️🗝️ 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. 🗝️🗝️



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.
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September 08, 2022, 12:36:29 PM
Merited by JayJuanGee (1)
 #66

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?
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.
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September 08, 2022, 01:47:45 PM
Merited by JayJuanGee (1)
 #67

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.

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 Smiley 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.

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!

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September 08, 2022, 04:23:34 PM
 #68

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.

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.

R


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September 08, 2022, 04:24:45 PM
Merited by JayJuanGee (1)
 #69

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.


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September 09, 2022, 09:27:24 AM
Merited by fillippone (2), naira (2), JayJuanGee (1), DdmrDdmr (1), Husna QA (1), Don Pedro Dinero (1)
 #70

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.
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.

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).
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.

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.
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.

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September 09, 2022, 10:32:50 AM
Merited by JayJuanGee (1)
 #71

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.

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September 10, 2022, 04:29:13 AM
Merited by Razmirraz (1)
 #72

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.
Anyone can get out of the problem at hand, because one's success will depend on oneself.

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.

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.

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.

Being rich is not a requirement, but almost all individuals in this world want a decent and stable life.
 

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.

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.

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.

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).
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.

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.

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.
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.

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.

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.

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.


I think the most important thing and distinguishes Rich Mindset and Poor Mindset is the courage to take risks, Poor Mindset always performs an analysis and comparison but does not dare to take risks because they always read the failed story, FUDS and so on, while Rich Mindset does not care about how much risk.

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.

I think the most important thing and distinguishes Rich Mindset and Poor Mindset is the courage to take risks, Poor Mindset always performs an analysis and comparison but does not dare to take risks because they always read the failed story, FUDS and so on, while Rich Mindset does not care about how much risk.
And then there are ungly minds - have you ever had a chance to meet ugly and sick minds
I recently encounted one!

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

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September 10, 2022, 01:32:31 PM
 #73

And then there are ungly minds - have you ever had a chance to meet ugly and sick minds
I recently encounted one!
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.

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September 10, 2022, 10:25:12 PM
 #74

And then there are ungly minds - have you ever had a chance to meet ugly and sick minds
I recently encounted one!
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)..

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September 10, 2022, 11:03:12 PM
 #75

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.

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.

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September 10, 2022, 11:16:04 PM
Merited by JayJuanGee (1)
 #76

~snip~
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.

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Ryu_Ar1
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September 10, 2022, 11:50:50 PM
Merited by BRINIRHA (1)
 #77

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.
Anyone can get out of the problem at hand, because one's success will depend on oneself.

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.
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.

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September 11, 2022, 01:54:21 AM
 #78

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.
Anyone can get out of the problem at hand, because one's success will depend on oneself.
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.
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...


1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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September 11, 2022, 03:16:03 AM
 #79

    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.

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September 11, 2022, 03:48:09 AM
 #80

   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.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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