THE RICH VS. THE POOR — 5 Mindset Tips to Think, Behave and become Wealthy
Break from the stereotypes of the poor and distinguishing the mindset you need to become wealthy
The creation of wealth begins with the transformation of the mind. Developing a wealth heart leads to a change not just in your mind, but in your bank account as well. By inclining actions to a wealth mindset, you will develop the habits of a wealth heart.
- Wealth is having more VS. Wealth is a state of being
A fundamental truth pertaining wealth is that it is a state of being. While many believe that wealth consists of material things, wealth is actually conceptualized.
Your mind can conceive life changing ideas. But we all need the ability to tap into your vision and monetize it through solving a problem in the world. This can only be done through a change of mindset. By understanding that true wealth is not just having money but using it in way which the money you have can yield more revenue I.E. investment into assets that create revenue.
“Immaterial wealth always precedes material wealth.” -Steve Down
2. Money is the root of all evil VS. Money is good, more money is better.
There exists a thin line dividing the statement “I need more money” and “I want more money”. Greed and exploitation are poor examples of a wealth heart. This is precisely why the first point distinguishes possessing materials and having a wealth mindset.
Whether ‘rich’ or ‘poor’, anyone can still do evil deeds! Both parties are capable of making financial mistakes too. A wealth heart is what transforms one from selfish gain to cause and from a mindset of scarcity to that of abundance. Abundance reduces the level of social ills that exist as a result of scarcity. Principle-centered wealth contributes by fostering objective financial decisions aimed at making individuals as well as the communities around them better.
The lack of money and more importantly, the love of it, is what begets evil.
3. Wealth comes from taking VS. Wealth comes from giving.
Greed; the unfortunate desire to want more than what you need or deserve can break relationships, fuel social ills and compromise one’s character. It is unfortunate because many ‘poor’ people worldwide have suffered the consequences of a few people who earned their ill-gotten wealth because of greed. Perhaps it is this that grows the prejudice of wealthy people being associated with negative ways of getting rich such as stealing, extortion, exploitation and corruption.
This insatiable desire however, should not be mistaken with executing a big vision. Having a wealth heart includes inclining towards being rewarded for serving humanity. The bigger the cause, the greater the reward. Notable ‘rich’ people (not associated with greed) are recognized not just by what they have but for what they contributed to humanity and the cause they champion for.
Wealth comes from serving.
4. I’m broke VS. I have a temporary financial setback.
It pays to be honest. Accepting that you cannot afford various items is a key quality for a financially conscious person. Life’s lows can threaten to extinguish our flame of hope. And while the ‘poor’ may decide to quit in the face of hardship, the ‘rich’ adjust their attitude towards the situation or face the odds stacked against them and take the risk. They master themselves up for the challenge.
A great deal of renown wealthy people got their first break and realized their potential when they were surrounded by adversity, or on the brink of just quitting. Remember, your challenges strengthen you. Not quitting is the one choice ‘rich’ people have to make to see their vision materialize.
“We must develop resilience; not only acknowledge our state but adapt, recover and thrive in our environment.” — Owen Charles
5. Money can’t buy happiness VS. Money increases potential for happiness.
Well…can it? The age-old question of whether money can buy happiness remains unanswered though subject to many interpretations as a theory. The ‘rich’ understand the value of maximizing the good things they possess, that includes immaterial possessions as well.
A research paper published on December 2020 in the Social Psychology and Personality Science has advanced the thought that higher income is correlated with how often we become intensely happy. A positive mindset would be, not viewing money as a ticket to happiness but rather, a way of stretching how happy you feel by being able to afford experiences.
Forbes featured an article by Mark Travers, a psychology and mental health contributor. He couldn’t be any clearer concluding: there exists a correlation between a high level of income and high level of life satisfaction.
So, based on your past feelings, thoughts, and behavior, do you have a rich or poor mindset?
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Based on an excerpt from Financially Fit for Life by Steve Down.