This is not rich people vs. poor people. There are many poor people with a rich mindset, financially poor due to circumstance. And there are many trust fund babies with a poor mindset.
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.
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.
Rich mindset is willing to invest resources with seemingly no reward right away.
Poor mindset’s immediate thought is, “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?”
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”.
Rich mindset understands that its reputation is everything, that trust and respect is earned slowly, through hard-fought, bloody effort – and that both can be lost in an instant.
Poor mindset believes it can get away with compromising its reputation to make a quick buck.
Rich mindset knows that the world isn’t fair, and deals with reality swiftly, humbly, and practically. It knows the world owes it nothing, that the universe is indifferent to its existence, that the default for life is suffering and death. All successes are improbable and should be appreciated as such.
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.
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.
Rich mindset is willing to invest resources with seemingly no reward right away.
Poor mindset’s immediate thought is, “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?”
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”.
Rich mindset understands that its reputation is everything, that trust and respect is earned slowly, through hard-fought, bloody effort – and that both can be lost in an instant.
Poor mindset believes it can get away with compromising its reputation to make a quick buck.
Rich mindset knows that the world isn’t fair, and deals with reality swiftly, humbly, and practically. It knows the world owes it nothing, that the universe is indifferent to its existence, that the default for life is suffering and death. All successes are improbable and should be appreciated as such.
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