Mindset and how it can affect your investment decision.

[Cryptomultiplier]

  A lot of people might be making stable money from a stable jobs but they might end up facing a lot of difficulties and problems due to lack of money management. Mindset set things right for us in one way or the other even though some users might take it for granted, when we have the mindset of not being in difficult and take the right path then we will break through and make financial stability for our own self. 

I’m glad you get the point I’m trying to make. The idea or mindset that people need to make a lot of money before they can be financially free or stable is just another misconception that is ravaging people. Yes, people needs money, but no necessarily too much of it to be financially stable, a good financial management skill and approach can do the trick, more than working several shifts. Understanding this would give one clarity on not just how to spend wisely but also how to earn wisely too.

When we factor in what we call contentment, we have clearly summarized the mindset factor of the rich and poor people.
Those who are content with what they have but want more and know how to work to achieve it aren't really greedy but understand the principles of wealth accumulation and creation, but those who gained wealth by being greedy and stumping on others to get to the top are the ones that are indecisive about long term investment plan in Bitcoin, because they think it's too slow a process and want more right now to afford all the luxury they can get.

Contentment and effort of consistent discipline,coupled with proper knowledge of risk management practices helps one whether rich or poor make good investment decisions in the end.

[Pi-network314159]

actually the rich and the poor has the same goal which is to make profit, but where the rich separates from the poor is patient and strategy. the rich believes on investment and deprivation of personal comfort at early stage while hoping for comfort at retirement age or later in the future, and that's why most of them invest in bitcoin and be patient and holding it for the near future. but the poor minded people dont foresee the future from the beginning, that's why they are moved by whatever they see. they want comfort at early stage without planting a seed. they always dont create opportunity but believe that opportunity will come one day and they will grab it. only to realize that all are just a fantasy when its too late.

[Creeper0]

Basically, mindset makes a person rich and poor. Two people with the same salary, one focused on increasing his money and the other focused on spending, both of them will not have the same financial situation. Suppose two people have a monthly income of $ 1000 and their discretionary money is $ 500, one invests that $ 500 in the right way and in trusted assets and the other uses that money to buy a car or live a luxurious life. The $ 500 of the person who invested may turn into $ 600 after some time, but the person who bought a car or spent that money on luxury will have a negative income, the maintenance cost of the car or fuel will continue to digest your earned money regularly or the $ 500 will start decreasing due to spending on luxury, not increasing.

The one who basically has a mindset of increasing money, can become a rich person. A luxurious mindset can never become a rich person. So we can say that mindset makes a person rich or poor, there is no such thing as a mindset of rich or poor. The mindset of a person born in a rich family can also be luxurious.

[Crakryptvest]

When we talk about poverty it's not just about the absence of money, it's a mentality. This is the reason why you can give someone 10 million naira and he or she ends up exhausting it and if you give someone else that same amount of money they utilise it and multiply it within a year or two, what's the difference between these two people? it's their level of thinking or mindset. One values temporal gratification over long term achievements gotten through making sacrifices and investments. someone with a poor mindset can't make investments.

You have been able to explain in details what poverty means, that's a good definition, our mentality about investment gives us edge over others, there people that don't think about tomorrow, all they do is to exhaust the one they have today and start all over again tomorrow, but there are people who knows that if they start investing today with what is in their pucket despite how small they started it, all they have to do is to be consistent and continue to look for ways to improve in their source of income ton intensify their investment, anyone that has poor mentality will always be shallow in reasoning, to be sincere, if will be difficult for such individual to grow financially.

[Dr.Bitcoin_Strange]

For an individual to have the desire to make investment and scale up their asset is based on the knowledge of the person and also the kind of lifestyle the person wants for themselves. Some people do not care about the future but more about just the present, they want to spend all the money they are earning today without investing and then in the future, they grow poorer than now and might even beg to eat, while smart and knowledgeable people already knows that they need to protect their future by making some investment that they can benefit from in the future when they are old and don't have strength to stress much again. Lack of proper knowledge influences one's investment decisions.

[PremiumcryptoHub]

It can certainly be said that the rich think of investing more easily than the poor because they have a lot of disposable income in their hands due to which they are able to easily make any investment with inspiration. But if you discuss the topic of Bitcoin investment mindset then I think every class of people have the mindset to invest, for example, not everyone in our country is rich who is investing because a few days ago I noticed a post that a barber is investing in Bitcoin. Therefore it is proven that the difference between the rich and the poor is their different mindset and thinking, in fact its right those who know the process of investing in Bitcoin can invest even with a small amount of money.

[Agbamoni]

actually the rich and the poor has the same goal which is to make profit, but where the rich separates from the poor is patient and strategy. the rich believes on investment and deprivation of personal comfort at early stage while hoping for comfort at retirement age or later in the future, and that's why most of them invest in bitcoin and be patient and holding it for the near future. but the poor minded people dont foresee the future from the beginning, that's why they are moved by whatever they see. they want comfort at early stage without planting a seed. they always dont create opportunity but believe that opportunity will come one day and they will grab it. only to realize that all are just a fantasy when its too late.

Availability is the difference. A poor man can still have the patience and strategy to deprive himself of fun and comfort to invest wisely. But the limitation would be the availability of the finance. A rich man can still have comfort while depriving himself of comfort, you can't deny that. While the poor have no comfort at all, his success will depend on his discipline and determination. Obviously, the rich can practise any investment strategy since they have the money, and the poor will have to adopt a safer, slower strategy that will guarantee a level of success.

[Cgrexp]

actually the rich and the poor has the same goal which is to make profit, but where the rich separates from the poor is patient and strategy. the rich believes on investment and deprivation of personal comfort at early stage while hoping for comfort at retirement age or later in the future, and that's why most of them invest in bitcoin and be patient and holding it for the near future. but the poor minded people dont foresee the future from the beginning, that's why they are moved by whatever they see. they want comfort at early stage without planting a seed. they always dont create opportunity but believe that opportunity will come one day and they will grab it. only to realize that all are just a fantasy when its too late.

Both rich and poor people want to make a profit. However, the mindset and capabilities of the rich and the poor are different. While the rich are not so upset by financial losses, a poor person can react much more if he loses a little money. In addition, the rich can implement long-term thinking more comfortably than the poor, whereas a poor person has to be financially conscious in implementing long-term goals and if the financial system is not right, they can easily be forced to break the investment. However, whether rich or poor, everyone aims to make a profit. However, only financial situation, planning and capabilities create a gap between them.

[DiMarxist]

snip.

Both rich and poor people want to make a profit. However, the mindset and capabilities of the rich and the poor are different. While the rich are not so upset by financial losses, a poor person can react much more if he loses a little money. In addition, the rich can implement long-term thinking more comfortably than the poor, whereas a poor person has to be financially conscious in implementing long-term goals and if the financial system is not right, they can easily be forced to break the investment. However, whether rich or poor, everyone aims to make a profit. However, only financial situation, planning and capabilities create a gap between them.

When it comes to Bitcoin investment the way a rich person will view and approach it will be different from the way that, some one who is trying to get to his feet when it comes to finance will approach it. The poor people are the once who is always concerned about making quick cash and so is not concerned about a long term project in Bitcoin but always lookout for menas to make quick cash out of Bitcoin. These are the set of people who buys when there is a pump in price and runs away when the price of Bitcoin is not favoring them.

[Crakryptvest]

One can only take a horse to the stream but you can't force it to drink from that stream, allow anyone that is buying luxury materials with their money to do as they wish to because that is what is of importance to them at that time. Being rich is not meant for everyone, I don't know why we see it as if it's very necessary for everyone to become rich. We chose what we want because we have that privileged, being rich is difficult and to be poor is simple, that's why most people chose the last one.

Baba na true say them no the force any body for anything, na if them fit say e good make them hustle to get money them go do am but we gats talk too but if them not listen then it is no longer our problem since we don talk, you go agree with me say e get people wey we fit talk to wey fit think well, e get how humans beings the behave, just no say no be everybody the think fine but until they start mingling with people that has different think that's positive they will not change, sometimes the type of friends we make can make us daft, chosing what we want doesn't end on we having the privilege alone just as you spotted out, it is more about what we want and fulfillment of our plans for ourselves.

[Achalugo BTC]

Both rich and poor people want to make a profit. However, the mindset and capabilities of the rich and the poor are different. While the rich are not so upset by financial losses, a poor person can react much more if he loses a little money. In addition, the rich can implement long-term thinking more comfortably than the poor, whereas a poor person has to be financially conscious in implementing long-term goals and if the financial system is not right, they can easily be forced to break the investment. However, whether rich or poor, everyone aims to make a profit. However, only financial situation, planning and capabilities create a gap between them.

Well, you are right, being profitable and successful in investment is through the minds. Having the right mindset towards something, will make you to ensure you succeed in it, take every calculated risks and prepare any outcomes, so that challenges won't take you unaware but can navigate through it and achieve your goals. Which is why, whatever thing that one is doing, they should be careful and make every necessary adjustments for their own benefit.

[Dareo]

However both the rich and the poor want to make a profit but they don't play the game the same way. The rich can take a little time to recover from a loss, but for the poor, even a small loss becomes a big stress.  This is why poor people often make hasty decisions, because they have less time to wait, In my opinion the difference is not just about money, but how calmly someone can take their time.

[Bitcoin Maxi]

In making investments or investment decision the mindset really matters. There are people with rich mindset and those with the poor mindset but either can make one make good investment decision.
The rich minded people will always love to make investments that will yield great profits and add more riches to them while the poor will always say they can't make investments because they can't barely afford their basic needs and might see it as a waste of time.  Also they might also reason the time it will take them to invest, some with the investment is a loss or gain mindset and will decide not to invest.
For me,weather you choose to make investments or not just try to maintain financial stability, always ensure to do what it takes to be financially stable.

[Ever-young]

Baba na true say them no the force any body for anything, na if them fit say e good make them hustle to get money them go do am but we gats talk too but if them not listen then it is no longer our problem since we don talk, you go agree with me say e get people wey we fit talk to wey fit think well, e get how humans beings the behave, just no say no be everybody the think fine but until they start mingling with people that has different think that's positive they will not change, sometimes the type of friends we make can make us daft, chosing what we want doesn't end on we having the privilege alone just as you spotted out, it is more about what we want and fulfillment of our plans for ourselves.

True talk say people no dey listen to wetin person dey talk, na the one dey know na dey sabi, wey go dey make them to dey make mistakes wey no dey add anything to their  life and normally people dey make mistakes but how to manage it and learn from it na be wetin matter and e good make person dey with people way go make them and not people wey go break them, because this investment of a thing na to get the right information to follow up.

[ZeroVinsonN]

However both the rich and the poor want to make a profit but they don't play the game the same way. The rich can take a little time to recover from a loss, but for the poor, even a small loss becomes a big stress.  This is why poor people often make hasty decisions, because they have less time to wait, In my opinion the difference is not just about money, but how calmly someone can take their time.

You cannot expect them to not get impatient, some kinds of investment take a lot of time before they can start yielding profit, it's easier for someone who is rich to wait that long because they are not exactly going to any financial crisis but for someone who is poor waiting that long is a kind luxury that they can not afford to what else are they expected to do if not get impatient, there are ranges to things so rather than them trying to go for something big that will take too long to get profit from, they can try out smaller endeavours, you don't have to get rich on your first try.

[Yeesha]

In making investments or investment decision the mindset really matters. There are people with rich mindset and those with the poor mindset but either can make one make good investment decision.
The rich minded people will always love to make investments that will yield great profits and add more riches to them while the poor will always say they can't make investments because they can't barely afford their basic needs and might see it as a waste of time.  Also they might also reason the time it will take them to invest, some with the investment is a loss or gain mindset and will decide not to invest.
For me,weather you choose to make investments or not just try to maintain financial stability, always ensure to do what it takes to be financially stable.

Sometimes, or should I say most at times a lots of individuals take action based on their mindset, every individual most possess either positive or negative mindsets, but having control over them is best decision. Don't allow your mindset to take away freedom completely and also don't let it build overconfidence in you, if not you will end up making the wrong decisions. Investing a huge amount of money don't guarantee success neither does it guarantee loss, but every investor must be extremely careful, they must be vigilant in order to take every step amicably and avoid being restricted with your own emotions or opinions.

[ASloveapg]

However both the rich and the poor want to make a profit but they don't play the game the same way. The rich can take a little time to recover from a loss, but for the poor, even a small loss becomes a big stress.  This is why poor people often make hasty decisions, because they have less time to wait, In my opinion the difference is not just about money, but how calmly someone can take their time.

There is a huge difference between a rich and a poor person in their finances as well as their mentality, and this is what sets them apart. Yes, you are right, when it comes to thinking about rich people, they can keep themselves calm in any situation, they do not get overly excited due to their losses, rather they can take the next effective step through rational thinking.

But on the other hand, when it comes to thinking about a poor person, he becomes so restless due to his losses that he starts making random decisions, gets emotional and makes wrong decisions, which later pushes them towards bigger losses.

actually, any decision made by emotions can push any person towards losses, those who know how to control these emotions can basically protect themselves from big losses, and through this their decisions become more rational due to which their chances of success also increase a lot.

[Adams0001]

One can only take a horse to the stream but you can't force it to drink from that stream, allow anyone that is buying luxury materials with their money to do as they wish to because that is what is of importance to them at that time. Being rich is not meant for everyone, I don't know why we see it as if it's very necessary for everyone to become rich. We chose what we want because we have that privileged, being rich is difficult and to be poor is simple, that's why most people chose the last one.

Sometimes when you see your friends or brother are doing what won't benefit them as a experience person you can guide them through and you can probably see they will change and do the right thing. When they didn't listen then you can leave them do why ever they feel like, some are just buying things that won't benefit them just to leave high life and that will surly affect them if they didn't plan early and invest what they have now. Rich people have more advantages that the poor because they have the opportunity to invest in what ever they wish to do, since they have the money and things won't go hard for them but poor will always struggle just to be profitable. Both need profit but rich have huge advantage more then them.

[Uhwuchukwu53]

For an individual to have the desire to make investment and scale up their asset is based on the knowledge of the person and also the kind of lifestyle the person wants for themselves. Some people do not care about the future but more about just the present, they want to spend all the money they are earning today without investing and then in the future, they grow poorer than now and might even beg to eat, while smart and knowledgeable people already knows that they need to protect their future by making some investment that they can benefit from in the future when they are old and don't have strength to stress much again. Lack of proper knowledge influences one's investment decisions.

Your correct, investment mindset is not determine only on the individual income or possession though having what it takes to invest is a better edge to any investor, but the phrase "the individual concerned about future" is the key determinant of investment. There people that have what it's takes to invest but lack the vision of what the future holds and only believe more on present, it's more of what person want in future rather than it's present been, that is while even those that lack enough to invest strive more than some person's with all it takes to invest lacking the futuristic focus or vision.