The rich and the poor

A poor person is seen in their words:

• “I’ll never be rich.”
• “The rich will not go to heaven.”
• “I’d rather be happy.”
• “The government should take care of people.”

The reason many people are poor is because they have a POOR STATE OF MIND. In most cases, more money will not make a poor person rich. In many cases, giving a poor person money keeps them poor longer...often forever.This is also the reason why so many lottery winners are soon broke. The same often holds true for sports stars.

Notice the shift in priorities, values, and words that communicate a middle-class person’s state:

• “I must get a good education.”
• “I need a high-paying job.”
• “I want a nice house in a nice neighborhood.”
• “Job security is very important.”
• “How much vacation time do I have?”

People with a middle-class state of mind typically don’t get rich. Many consume more, go deeper in debt to keep up, instead of investing. They buy a bigger house, take nice vacations, drive expensive cars, and spend money on higher education.

Since most people buy on credit, they often find themselves getting deeper in debt—bad debt, consumer debt—rather than getting richer.

When they hear, “There is good debt and bad debt,” they are blocked. All they know is bad debt, debt that makes them poorer. Most cannot grasp the idea of good debt, the kind of debt that can make them richer.

For many of these people, it is best that they simply follow the advice of “Cut up your credit cards and get completely out of debt.” When it comes to investing, most middle-class people have the belief that “investing is risky.” That is because most invest in traditional education for college degrees, but fail to invest in financial education.

Statements that reflect a rich person might include:

• “I must be rich.”
• “I own my own business, and my work is my life.”
• “Freedom is more important than security.”
• “I take on challenges so I can learn more.”
• “I want to find out how far I can go in life.”

When a middle-class person puts their savings or retirement fund into a bank, the banker lends that money to the capitalist. 

Today, ask yourself, what is my state of mind? Am I happy with it? Or do I want it to change? If you want to be rich, you must have a rich person’s state of mind. And that starts with learning what the rich know about money— their financial education.

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