Rich Mindset vs Poor Mindset : 6 key differences

[Gallar]

rich people or poor people

rich also many parts, friends,
poor are the same

the rich

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

the poor,

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

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

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

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

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

in a sense, success is happy in all aspects

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

[marcous]

One of the problems people have when it comes to business and investment, they do not believe in starting small, they want to only start first until they gather millions.  They forgot that the big and successful investment we see now started very small.  The challenge people are facing is our start.

Most people focus on gains more than sacrifices. They want to get rich instantly and they sometimes disregard the risk that their business has and mismanage it. They want to get rich faster by having big capital and believing that they can have bigger profits through it. Their common mistake is they want to rush things out without having further studies and proper planning about the business.

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

[Davian144]

Most people focus on gains more than sacrifices. They want to get rich instantly and they sometimes disregard the risk that their business has and mismanage it. They want to get rich faster by having big capital and believing that they can have bigger profits through it. Their common mistake is they want to rush things out without having further studies and proper planning about the business.

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

If we consider the gain first it may mislead.  Sometimes it is good to start a business even if the gain is not much , doing this just to create awareness. By the time the business is beginning to grow then more profit will come. Business is about time and to have patience for the better days.

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

[o48o]

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

🗝️🗝️ Rich people make money work for them. Instead of just working and relying on income, a rich person would take a proportion of their income and invest it but the poor people are said to work for money. A poor person sees $1000 as just $1000. A poor person works paycheque to paycheque for the rest of their life. They neither save nor invest any part of their income. 🗝️🗝️

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

🗝️🗝️ Rich people spend on necessities and what is needed not what is desired. A rich person with a perfectly functioning phone would not need to spend money on a new one. A truly rich person does not care about trends, they care about net worth. Poor people spend on both necessities and desires. A poor person spends beyond their means. They care about the latest trends, not about net worth. 🗝️🗝️

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

🗝️🗝️ 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. 🗝️🗝️

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

🗝️🗝️ 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. 🗝️🗝️

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

🗝️🗝️ 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. 🗝️🗝️

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

[BigBos]

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.

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

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

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

[Godday]

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

[Theones]

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

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

[Smartprofit]

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

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

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

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

[og kush420]

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

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

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

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

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

[xSkylarx]

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

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

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

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

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

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

[Dickiy]

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

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

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

[Smartprofit]

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

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

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

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

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

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

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

[RockBell]

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

[Mr. Magkaisa]

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

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

[JayJuanGee]

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

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

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

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

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

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

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

[edited out]

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

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

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

[yudi09]

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

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

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

[LittleBitFunny]

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

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

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

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

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

[JayJuanGee]

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

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

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

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

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

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

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

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

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

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

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

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

[edited out]

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

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

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

[fadhilz123]

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

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

[RealMalatesta]

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

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

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

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