HomeMoney & Wealth7 Things Poor People Do that the Rich Don't

7 Things Poor People Do that the Rich Don’t

Rich people are rich and successful because they do things differently from the poor and middle class.

Rich people have a rich mentality.

If you want to become rich, If you want to become successful you need to know and do what rich people do alternatively you need to avoid things that poor people do.

Here are 7 things poor people do that the rich don’t.

rich poor

7 Things Poor People Do that the Rich Don’t

#1 Poor People pass their time by watching TV

Poor people watch TV, and rich people read books. Tell me, how many hours do you spend in front of the TV & when was the last time you read a book?

How many books do you read per year?

Rich and successful people love to read books and poor people love to do time pass by watching TV.

#2 Poor people get paid based on time & rich based on results

Let’s say you’re working at McDonald’s, you may be the best manager on the planet ever, but what value do you bring to McDonald’s?

Rich people, get paid based on results, not time invested.

Let’s say we’re working on a product, we spent a year creating, perfecting the product, we bring it to the marketplace, and it sucks, it bombs, it doesn’t make us a dime.

The world doesn’t like it. We don’t make money.

Nobody cares how much time, blood, sweat, and tears were put into creating a product and bringing it to the marketplace.

How much risk that we took, they don’t care.

What they care about is the result.

That’s why the highest paid cricketer in T20 is paid on performance, they don’t get paid by how many hours they practice, how much time they invested in practice

No, it is how much they perform.

They get paid based on performance.

#3 Poor people always blame others for their misfortunes

Rich people take responsibility for their failures. You see, for poor people, it’s always somebody else’s fault.

  • It’s the economy
  • It’s the government
  • It’s my boss
  • It’s my job
  • It’s my city,
  • It’s my neighbor
  • It’s my friends so on and so forth.

It’s always somebody else. It’s never their fault.

Rich people take responsibility. If your life stinks it’s your fault.

We take responsibility for own actions. When you take responsibility, what happens is you gain power.

  • The power to change.
  • The power to do something different.

Remember, lame people blame people.

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#4 Poor people focus on saving, and rich focus on investing

You know what?

Don’t take breakfast at McDonald’s in the morning, try to save a few dollars here and there.

Don’t fly first class, fly economy.

Always try to save a few dollars.

You cannot become rich by saving a few bucks.

You don’t have a saving problem, you have an income problem.

You need to earn a lot more money, so you could invest.

#5 Poor people, know it all & Rich people continue to learn

You see, poor people are always very opinionated.

They always want to tell the world about their opinions, about politics, about cricket, about society, about the government, about every single thing that’s around them.

Versus rich people are humble, they are willing to learn.

Rich people love learning new things. They ask questions, listen, read books, and do continuous learning.

Do you know why they always have an opinion, poor people?

Because the only way to get a little bit of attention.

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#6 Poor people believe that money is the root of all evil

Rich people believe that poverty is the root of all evil.

You’ve heard of the saying, “Money is the root of all evil.”

No, lack of money is the root of all evil.

I want you to look at the poorest neighborhoods. I want you to think about those areas.

Crime, drugs, problems, all kinds of issues.

You see, in the history of mankind, no banks have been robbed by someone pulling up in a Rolls-Royce.

It is the survival, it’s the lack of money, that’s causing the issue.

Money itself is neutral.

Money is like a tool, you can use it for good, or you can use it for evil. It is all up to you.

#7 Poor people have a lottery mentality, and rich have an action mentality

You see, most people, believe the only way to get rich is by buying that lottery ticket.

Even though they know that the chance of winning is slim to none, they buy that fantasy.

Hopefully, if I win I am gonna buy that house, I am gonna quit that job, I’m gonna take that vacation.

No, rich people have an action mentality.

Rich believe if it’s going to be it is up to me.

  • I am gonna make it happen.
  • I am gonna make myself successful.
  • I don’t need to rely on some third party, and I don’t need to rely on some lottery ticket.
  • I’m gonna make it happen.

So those are the seven things that poor people do that the rich don’t.

Share your thoughts on the above. Shoot me an email at info@moneyexcel.com

Shitanshu Kapadia
Shitanshu Kapadiahttp://moneyexcel.com/
Hi, I am Shitanshu Kapadia founder of moneyexcel.com. I have written 1875+ articles on this blog. I am PGDBA(marketing), engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. The purpose of this blog is to spread financial awareness and help people in managing money. Please note that the views expressed on this Blog are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.
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