4 difference between rich people mind set and Poor people mind set

Resourcefulness

Rich mindset understands that the first goal is to gain a surplus of resources. Then, to use that surplus to accelerate things. Accelerate education. Accelerate a business. Accelerate the next generation.

Poor mindset immediately sees a surplus as an opportunity for consumption and inflate lifestyle.

Challenge Yourself: Create 30-day list. If you have to wait for your paycheck to buy something, it better be something you absolutely need. Think about where you can accelerate things, begin to build your personal advantage.

Gaining Momentum

Rich mindset seeks to spend their time, resources, and energy on work that continues to pay off long after the effort has been invested. Rich mindset is all about getting a flywheel spinning. Building momentum. Creating systems that continue to generate value on their own.

Poor mindset is all about the short-term returns. Hours-for-dollars.Resources invested without an immediate return are resources wasted.

Challenge Yourself: Investing is critical and you need to find space for it. Your 401k is a great start. Another area of focus is your personal productivity.

Risk vs Reward

Rich mindset is willing to invest resources with seemingly no reward right away. Not everything has a clear path to profitability. You have to take a chance and try. It’s about risk vs. reward. 

Poor mindset’s immediate thought it, “What’s in it for me?”.  Why pay money to fly to that conference, pay for the hotel, and spend all the time when they’re not even paying you?

Challenge Yourself: You need to be willing to take calculated risks because no reward worth discussing came without risk. Being uncomfortable is Important, it means you’re growing.

Meaningful Relationships

Rich mindset seeks to build relationships based on trust, liking, shared values, and mutual respect. People with the rich mindset help others and cultivate relationships with no expectation of anything in return.

Poor mindset thinks “I scratch your back, you scratch mine”.

Challenge Yourself: You’re the average of the 5 people you spend the most time with. Start making new friends who have a rich mindset. Go to a local meet up group and meet some people you can learn from.

By-ÃJÁY

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