RICH MINDSET VS POOR MINDSET

If you ask any individual breathing on this planet earth that you want to be successful in your life? You want to be financially independent? If you want to collect a huge pile of money? We all know the answer is always “yes”. Then why is their that most of them can’t even enjoy the basic necessities of life .

why is most of people lives in penury and on other hand tiny percentage of affluent ones enjoys fruits of fortunes. These are the questions that every individual should get answer too. Here is things we believe that decides a persons financial success.

TRENDING BLOG POST : HOW PERSONAL FINANCE CAN MAKE YOU RICH

This article illustrates about rich vs poor thinking, mindset and habit, not the financial status which you everyone knows better.


Note : we are not saying these are only thing that assist you in accumulating money. there will other things as well and we truly open to that.These are said based on observation , experience and wisdom of books.
Lets dive in

FINANCIAL LITERACY

Financial literacy: rich vs poor

Financial literacy is primary point which acts distinction between rich and poor. It does not depend on much money you earn that you will be rich or not but on how you manage or handle money.Nice lines told by someone “give a rich man $1000 and he will return you $100000 and give a broke man same amount and he will give you an iphone.

TIPS

At last, all we say keep track of your money, cut off the useless expenses,save the money and invest it to let money work for you.

BOOKS READING

book read : rich vs poor

This is another common trait that a rich mindset posses which a poor mentality lacks in. Instead a broke man prefers to watch television,netflix or youtube etc.

RELATED POST: 7 REASONS WHY 95% PEOPLE ARE UNSUCCESSFUL

MORE YOU READ, THE MORE YOU LEARN, THE MORE YOU EARN: WARREN BUFFET( 3rd richest person in the world.

TIPS

Try to give 30 minutes in book reading of any book of your choice, daily leads to 1 book a week and 4 in month. This is how knowledge buildsup like compound interest.

MENTALITY

Learning mentality: rich vs poor

A PERSON IS WHAT HE THINK HE IS: ANONYMOUS.

Successful people has cultivated habit of learning which a poor will find exhausting and time consuming. Moreover, things such a glaring dezire, ambition,focus, positive attitude cannot be condone with.

TIPS

Try to learn one new skill daily whatever it is, whether it is learning a new language, personal development, public speaking etc.

POOR WORKS FOR MONEY, RICH DOES NOT

Money work for them

This is primary mistake that most of us do is working for money and not focusing on getting a steap rise in learning curve.Moreover, getting instant money in whichever way possible and not focus on long term.

TO LEARN MORE ABOUT DO READ THIS ARTICLE: HOW PERSONAL FINANCE CAN MAKE YOU RICH

Poor works for money while rich makes money work for them: Robert kiyosaki( author of rich dad poor dad.

  TIPS

Start a passive income source and then try to reinvest that money to create multiple income sources. This is how your money will work for you and sooner than later, you will feel financially independent. To get the idea a passive income source click the link
https://bit.ly/2TfLWmy .

Rich buy asset while poor buy liabilities

Asset vs liabilities: rich vs poor

One of the biggest blunder that most of middle class households live is trying to showoff and thinking what other will think of them. Moreover, they buy things such as car, houses,phones etc which depreciates in value over time.

Poor and middle class buys luxsury first while rich buys luxury last: Robert Kiyosaki(author of book rich dad and poor dad).

If you buy things that you don’t need. soon you will have to sell things that you need: warren buffet ( 3rd richest person in the world).

TIPS

First try to built a asset column and when all of asset sources generate money for you, then you are free to buy liabilities or luxuries of life.

In the end all we can say try to develop habits and mindset of successful people’s and in turn it will generate a fortune for you.There is no such thing in this world that can stop you but you can. So keep that in mind.

These are the things that cultivates differences between rich vs poor. Like and share with your loved to make their lives better.

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  THANK YOU

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abhijeet

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