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Seven Things Poor People Do That the Rich Don’t

Jul 9, 2024

Seven Things Poor People Do That the Rich Don't

1. Poor People Watch TV, Rich People Read Books

  • Evaluate time spent watching TV vs. reading books.
  • Consider the number of books read per year as a measure of personal development.

2. Poor People Get Paid Based on Time, Rich People Get Paid Based on Results

  • Example: Working at McDonald's - value is not based on time but results.
  • Rich people create and perfect products; payment based on performance and results.
  • High-paid athletes are compensated based on performance, not practice time.

3. Poor People Blame Others for Misfortunes, Rich People Take Responsibility

  • Poor people: blame economy, government, boss, job, etc.
  • Rich people: take responsibility for their own failures.
  • Taking responsibility empowers change and improvement.
  • Motto: "Lame people blame people."

4. Poor People Focus on Saving, Rich People Focus on Investing

  • Examples of saving: avoiding Starbucks, flying economy.
  • Saving a few dollars versus needing to earn and invest more money.
  • Emphasis on having an income problem, not a saving problem.

5. Poor People Think They Know It All, Rich People Continuously Learn

  • Poor people: opinionated on various topics like politics, sports, government.
  • Rich people: remain humble, always willing to learn and ask questions.
  • Continuous learning is key; income and wealth grow as fast as personal development.

6. Poor People Believe Money is the Root of All Evil, Rich People Believe Poverty is the Root of All Evil

  • Common saying: "Money is the root of all evil."
  • Counterview: Lack of money is the real issue, leading to crime and other problems.
  • Money is neutral; it can be used for good or evil based on individual actions.

7. Poor People Have Lottery Mentality, Rich People Have Action Mentality

  • Poor people: hope to get rich by winning the lottery.
  • Rich people: take action, believe in making their own success.
  • Emphasis on self-reliance and action over chance or luck.