In last month’s issue, we discussed how the Rich spend less than they make, while the Poor spend more than they make. This month, we will be looking at Rich Money Habit #8: The Rich work at building Wealth, the Poor merely try to survive.
The Rich and the Poor have very different mindsets when it comes to earning Money. The Rich build wealth by starting off with the mindset that they have all the potential within them to become wealthy. And because of this strong belief in themselves, their actions will be focused on activities that would help them build wealth, i.e. Save, Plan their finances, Invest, or even build businesses. This mindset of the Rich is what makes them Rich!
The Poor on the other hand, start off with the mindset that they are not good enough, and that they do not have the ability or potential within them to become wealthy. To them, becoming wealthy is merely a fairy tale dream. And because they believe that it is merely a fairy tale dream, their actions will NOT be focused on building wealth. In fact, because of their limited mindsets, they will focus on how to survive and make ends meet.
Although the mindset you start with (either the Rich Mindset or the Poor Mindset) MAY seem insignificant, your end results would be very different!
So, kids, if you want to be rich, you need to have a Rich mindset so that you can focus on building wealth, instead of merely trying to survive.
In next month’s issue, Rich Money Habit #9: If You Want Different Results, You Would Have to Do Things Differently.
Other Related Articles:
- Rich Money Habits - #3
- Rich Money Habit #12: Orrie the Ostrich
- 20 Ways Your Child’s Imagination Can Save You Money
- How to beat inflation
- Rich Money Habit #7: The Rich Spend Less than they Make, the Poor Spend MORE than they Make
Other Updates in Library
- Rich Money Habit #12: Orrie the Ostrich
- Rich Money Habit #11: Philly the Peacock
- Rich Money Habit #10: Your Belief Systems Will Determine Whether You Become Rich, or Remain Poor
- Rich Money Habit #9: If You Want Different Results, You Would Have To Do Things Differently
- Rich Money Habit #7: The Rich Spend Less than they Make, the Poor Spend MORE than they Make
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