1. Rich people believe they create their life. Poor people believe life happens to them.
- Wealthy individuals understand that they are the architects of their own destiny. They take responsibility for their success and failures, rather than attributing them to luck, chance, or external factors. In contrast, those who struggle financially often view themselves as victims of their circumstances, believing that external factors dictate their financial status.
2. Rich people play the money game to win. Poor people play the money game to not lose.
- The mindset of wealth creation is about striving for abundance and prosperity. Wealthy people set ambitious financial goals, aiming for wealth and success. On the other hand, those who aren't wealthy often focus on merely surviving financially, their goal being to avoid poverty rather than to achieve richness.
3. Rich people are committed to being rich. Poor people want to be rich.
- This highlights the difference between a mere desire for wealth and a strong commitment to achieving it. Wealthy people are dedicated to doing whatever it takes to become rich, which often involves hard work, learning, and perseverance, while others might simply wish for wealth without putting in the necessary effort.
4. Rich people think big. Poor people think small.
- Wealthy individuals are not afraid to dream big and set high aspirations. They don't limit themselves with low expectations. In contrast, those with a poorer mindset may have limited aspirations, not believing big success is attainable for them.
5. Rich people focus on opportunities. Poor people focus on obstacles.
- When presented with a new opportunity, wealthy individuals tend to focus on the potential for success and gains. They are more willing to take calculated risks. Conversely, those with a poorer mindset may be more focused on the potential problems and risks, which can prevent them from seizing opportunities.
6. Rich people admire other rich and successful people. Poor people resent rich and successful people.
- Wealthy people view other successful individuals as a source of inspiration and lessons. In contrast, those who struggle financially might view the wealthy with envy or resentment, which can create a negative mindset about wealth.
7. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
- The company one keeps can have a big influence on one's attitudes and beliefs. Wealthy individuals often surround themselves with other successful and positive-minded people, while those who are not wealthy may be more likely to spend time with others who reinforce their limiting beliefs.
8. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
- Self-promotion and the ability to sell one’s ideas or products are key aspects of financial success. Wealthy people are comfortable with marketing themselves and their value, whereas others might see self-promotion as boastful or unseemly.
9. Rich people are bigger than their problems. Poor people are smaller than their problems.
- Wealthy individuals have a mindset that sees problems as challenges to be overcome, and they are confident in their ability to tackle them. In contrast, those who are not wealthy might see problems as insurmountable obstacles.
10. Rich people are excellent receivers. Poor people are poor receivers.
- Being open to receiving wealth, help, advice, and opportunities is important. Wealthy people are comfortable with receiving, recognizing it as a part of the cycle of giving and receiving, while others might feel unworthy of receiving wealth or success.
11. Rich people choose to get paid based on results. Poor people choose to get paid based on time.
- Wealthy people often prefer income streams that are based on outcomes and results, such as business profits or performance bonuses, rather than a fixed hourly or salaried wage. This aligns income with success and effort, rather than just time spent.
12. Rich people think "both". Poor people think "either/or".
- This is about the mindset of abundance versus scarcity. Wealthy people believe they can have wealth and happiness, success and a balanced life, whereas others might believe in a trade-off, thinking they can only have one or the other.
13. Rich people focus on their net worth. Poor people focus on their working income.
- Wealthy individuals are more focused on increasing their overall assets and net worth through investments, business ownership, and other means of passive income, rather than just increasing their salary from employment.
14. Rich people manage their money well. Poor people mismanage their money well.
- Financial management and savvy investment are key to growing wealth. Wealthy people are adept at managing their finances, making informed investment decisions, and budgeting effectively, whereas others may not manage their money as effectively.
15. Rich people have their money work hard for them. Poor people work hard for their money.
- This refers to the concept of passive income and investment. Wealthy people invest their money in ways that generate income without constant active work, while others may rely solely on income from active labor.
16. Rich people act in spite of fear. Poor people let fear stop them.
- Wealth creation often involves stepping out of one's comfort zone and taking risks. Wealthy individuals are willing to take these steps despite fears, whereas others might allow fear to prevent them from taking action.
17. Rich people constantly learn and grow. Poor people think they already know.
- A commitment to lifelong learning, growth, and personal development is a key trait of wealthy individuals. They are always looking to improve their knowledge and skills, whereas others might be more complacent or resistant to new ideas.