Sunday, June 16, 2013

17 Ways Rich People & Poor People Think Differently

Everything  begins with what you think about it, even money and financial success or failure.


Success leaves clues. 

Rich people think differently about many things than poor people. 

That is why even people who are born into poverty but who have a "rich" mentality will end up being rich in life.

(And yes, I know there are other ways to have a fulfilling and "rich" life but for the purpose of this article, we are speaking in terms of money and finances. )

Here are some clues that could help you change your mindset so that you can have a "rich person" mentality.
  1. Rich people think that THEY create their life, poor people think that life happens to them.
  2. Rich people play the money game to WIN, poor people play the money game to lose.
  3. Rich people are committed to being RICH, poor people want to be rich.
  4. Rich people think Big, poor people think small.
  5. Rich people focus on Opportunity, poor people focus on obstacles.
  6. Rich people admire other rich and successful people, poor people resent successful rich people.
  7. Rich people associate with positive successful people, poor people associate with negative people.
  8. Rich people are willing to promote themselves and their values, poor people don’t.
  9. Rich people are bigger than their problems, poor people are smaller than their problems.
  10. Rich people are excellent receivers, poor people are poor receivers.
  11. Rich people choose to get paid based on results, poor people choose to get paid based on time.
  12. Rich people think BOTH or ALL, poor people think either this /or that.
  13. Rich people focus on their Net Worth, poor people focus on their working income.
  14. Rich people manage their money well, poor people mismanage their money well.
  15. Rich people have their money work hard for them, poor people work hard for their money.
  16. Rich people act in spite of fear, poor people let fear stop them.
  17. Rich people constantly grow, poor people think they “know it all”.

Do you even know what Net Worth is or how to calculate it? 

Do you know what YOUR net worth is right now?

I'll help you with that.  Your Net Worth is your total personal assets less your total personal liabilities.  Your home, cars, stocks, money in the bank, etc are assets.  Debts you owe, loans, etc. are liabilities.  (Your monthly bills are not liabilities, just the total balance due on all debt.)

If you own more assets than you have debt then you have a positive Net Worth.

To be classified as a millionaire, your Net Worth  has to be positive $1 million or more.

What do you think about these 17 ways rich people & poor people think differently?

Which were your favorite?

Kathy Hadley

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If you want more help with changing your mindset so that you can be rich in money and all other aspects of life, check out my Life Coaching.  Most, although not all, of my coaching clients are business owners and enterpreneurs.  http://kathyhadleylifecoach.com

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11 comments:

  1. Wow this is a great list.

    I think this is my favorite - Rich people choose to get paid based on results, poor people choose to get paid based on time.

    I never really thought about it like that before, but it totally makes sense.

    ReplyDelete
    Replies
    1. My favorite, too. Something to think about :)

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    2. April,

      I like that one, too. If you know you can get results, it is always more profitable to get paid for results instead of time.

      :-)

      Thanks for commenting.

      Kathy

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  2. Hi, Kathy,
    I can't get past your encouraging post without commenting it. It's a great post.
    I also like what April had chosen. But the second one was a bit confusing, poor people do also play the money game to win.
    Maybe your are telling us in short that they don't know where and how thought they play to win, thus they lose the money game.

    Would like to know what you exactly mean.
    Yet I like them all.

    You are so great, thumbs up and cheers to you.

    ReplyDelete
    Replies
    1. I'm sure there are some who do. The thing about these generalized type of lists is that even when they are broadly correct, every individual is different and there will always be exceptions.

      And as for poor, this is more a mindset that a state of existence. Many "poor" people have prosperous mindsets, as I stated above, and end up doing very well for themselves.

      :-)

      Kathy

      :-)

      Thanks for commenting.

      Kathy

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  3. Point number one made me think of a client I had. He kept thinking that it was his lot in life. His thoughts were everyone else had the better opportunities, better connections. As you said Rich people CREATE their life. Poor people think life happens to them. As we worked together to help him CREATE what he was looking for his attitude totally changed!

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    Replies
    1. Great that you could help him! :-)

      Kathy

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  4. I guess I definitely need to change the way I think about a lot of things. I've never really thought about it that way at all. Thank you for this wonderful post. It sure puts things into a different perspective for me. :)

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  5. Interesting eye openers! Thank you for sharing.

    ReplyDelete
    Replies
    1. You are welcome.

      Thanks for visiting and commenting.

      Kathy

      Delete