Hey, I'm John Crestani, I'm an entrepreneur. And in this video, I'm going to
go over the 8 key differences between poor and rich people in terms of their
mentality which is the most important thing that you can have if you want to
become successful. Stay tuned and I'm going to explain all of the key
differences to help you on that path to success if you're with me. Money ain't
that bad, right? Well, unfortunately there are a lot of people who think it is. And
in this video, I'm going to go over the mindset differences the poor versus the
rich. But it's important for you to understand and I don't say this to brag.
But I've made tens of millions of dollars in my business. And I earn in the
top 1% of people in the United States for years. I became a millionaire in my
20s. And I run a business that does roughly seven million dollars per year
without any employees. So, I say that not to impress you but to speak hope you
understand that I'm speaking from a place of some experience. Not as much as
most. And not where I want to be. But hopefully I can convey a little bit of
information to you about the differences between poor versus rich that you may
not be learning in colleges. And obviously money ain't that bad so let's
not get too caught up in it. Let's get our minds straight. Now, first thing to
understand is poor people react. Poor people react to the notifications on
their phone. Poor people react to the requests of others. Reacting to others
will leave you in a cycle where you never fully define yourself. Rich people
make others react to them. So, that's the important thing to understand between
these 2. Now, for me, I realized that this was causing me to... It was taking up
a lot of my time. And I actually turned off all notifications on my phone. I
deleted social media apps from my phone. I get a text message,
nothing happens. That little light, it doesn't blink. The
buzzer, it never goes off. When that somebody calls me, it never rings. When
somebody calls me, that blinky light never lights up because I've made it so
that I am never reacting to others. Others only react to me. And when I need
to check my text messages or my emails, I go on my phone when I choose. As opposed
to others telling me where my mind should go.
The next key distinction between poor verse rich mentality is that poor people
give advice. You may have heard of the old dodge. We have two ears and one mouth.
And that holds true for anything in life. You should be always be a better
listener than you are an advice giver. Whenever I'm around people, I ask
questions. Whenever I go in a lift cab or an uber, I sit in the front seat and I
asked that person about what is the local economy like. What is your culture
like? What is the country are from like? I ask a million questions but I never
offer advice. That's how you train your brain. That's how you learn. Giving advice
doesn't serve you. So, the next thing to understand is poor people watch.
Whereas wealthy people read. I don't know how to explain this other than. You're
going to get more knowledge from books. Watching TV and doing passive kind of
passive kind of entertainment methods or outlets is not a way to train your brain
to learn more. It's not a way to train your imagination to think of creative or
original thoughts. Watching just allows you to experience life vicariously.
Whereas reading allows you to create, you know, it forces your imagination to open
up. It forces your mind to think on a higher level whereas the TV forces you
to tune down and turn down your energy. Have you ever tried to talk to somebody
who's been watching TV for an hour? And they're like this and you try to say
something to them but they don't hear you? It's because your brain literally
shuts down while you're watching screens or movies.
You can't process things. You're literally dumbing yourself down for a
while. Instead of forcing yourself to think up
by reading books. I read a lot of books. I read a lot of science fiction books. I
read a lot of business books to always learn more. And read a lot of
relationship books to help my relationship too. The next thing to
understand about poor versus rich is that poor people trade time for money.
Whereas rich people trade results for money. Now, Elon Musk for instance will
get paid 2.3 billion dollars over the next couple of years not
because he was paid a high hourly wage. Not because who's paid him high monthly
salary. It is because his stock goes up. Because he sold more Tesla's than his
stockholders thought he would. I don't make my money because I charge people a
high hourly wage to hire me to do marketing for them. I make my money
because I get results for companies. I make more sales for them, I send them
more customers and they pay me more commissions for my marketing efforts. A
normal company wouldn't pay somebody $1,000 an hour but that's what
I make on average a day, a normal company. But they will pay me to bring them
results. If I create for them sixteen thousand dollars a day worth of business,
they will happily pay me half of that because I created that and I can also
turn it off for them at any point if I wish to. Have you ever heard the old of
Dodge a penny saved, is a penny earned. It's still a freaking penny. And you're
not going to make money if you're focused on saving every single penny or nickel
or dime that you make. That's a good way to stay poor. A good
way to become rich is to earn. To focus on earning rather than saving. And
frankly, when you don't have to worry about saving every dime, life is a lot
more fun and you get a lot more freedom to do the things that you like.
Now, I shoot this money gun up because... Well, first off, it's fun. But it also is
to show you that a lot of people will hate on this. A lot of people think that
this is crude. And you shouldn't treat money like fat, frankly. But the
difference between poor versus rich mentality is that poor people think
money is evil. That it's not good to have too much money. That you shouldn't put it
in people's faces or you shouldn't do fancy things. You shouldn't buy a
Lamborghini. Don't tell people about that yacht. Don't go on expensive trips in
other people's faces. Money is not evil. Rich people think money is actually the
source of good. And when you have money, you're able to actually do better things.
Whether that's... You know, for me it's being able to hire a nanny. You know,
being able to hire doulas for my wife. Being able to have a nice house for my
family. Being able to buy a horse for my daughter. Being able to build a horse
trail in our backyard. You know for me and my daughter to ride
horses on, etc. I believe money's great because it solves a lot of problems. And
I believe it can solve a lot of problems for other people as well. I help a lot of
people that are in my inner circle and a lot of people benefit. And I've made
my students highly successful by being able to create innovate better and
better training programs for them. The next thing to understand is that poor
people blame others. When something goes wrong, when the finances are bad, when the
you know, there's not you know, there's not enough work, right? Or "My boss is an
asshole." Or you know... "Business is bad. The economy's bad. Trump's killing our
economy." Whatever it is, it's always outside of yourself. It's never
your fault. Nothing's ever your fault. Your relationship, it's not your fault
that you have a bad relationship. It's her fault or it's his fault, right? Can't
be your fault? You were late. You weren't late because it was your fault. you were
late because there was traffic, right? And that traffic made you late. How many
people here have used the traffic excuse? And if you have used the traffic excuse,
just say "guilty" okay? In the comments, just go down there and write guilty. If
you've ever blamed the reason you were late on traffic.
It wasn't traffic. You didn't plan correctly. So, if you understand
what I'm saying, type in guilty in the comments below. And
frankly, if you are guilty of any of these things, type in "guilty". Now, the last
key difference between the poor and the rich mentality. It's the lottery versus
the action mentality. Now, what this mentality is, is that something good is
going to happen to you. Eventually you will find that thing. Eventually you will come
across that secret way to make money trading stocks or you'll figure out that
secret real estate method. Or you'll come across the right internet guru and
he will have the magical system which will make everything all right and he'll
show you exactly how to step by step make money online. Now, the fact of the
matter is if you have a lottery mentality, no matter which teacher you
decide to follow, whether it's in YouTube or life or no matter what boss you
decide to work for, you are going to severely limit yourself as chances at
becoming rich. Whereas if you take the action mentality to life, you can become
wealthy. Now, I want you to imagine for a second that you are completely in
control of your life. That anything you wish for can
happen. Then anything you imagine that you want where you want to be you can
have. But in order to have everything you want, you need to take full
responsibility for everything that goes on in your life. Is your relationship
where you want it to be? It's your fault. Or your finances where you want them to
be? It's your fault. And is your health exactly where you want it to be? It's
your fault. Now, you are completely in control of
your life. And you can have whatever it is you want. But to do so, you're going to
have to take control and realize that all of these things --your relationship,
your finances, your health are your fault. And that's not an easy pill to swallow.
It isn't. Really isn't. But it is. And once you realize that, then you're in control.
Because now, you are the responsible one. And for those of you willing to play
along with me and take responsibility, I encourage you let's look at this list
again. Do you react to others? Others being your phone, your notifications, your
messages, your texts, your whatsapp, your Facebook notifications. You ever spend
more time giving advice than asking questions? Do you ever watch more than
you read? Do you ever... Do you trade your time for money rather than trading your
results for money? Do you focus on saving rather than earning? Now, if you're
willing to play along, type in the comments if
one of those apply to you. Type in "guilty". Then after guilty type in "I...." Whatever you
commit to. "I commit to not reacting to my phone" Or 'I commit to taking more action
or reading more". Whatever speaks to you the most. Commit to something.
Taking responsibility. Whatever speaks to you the most. Commit to something and
write it down. And put it out there in the comments for others to see because
it makes it more real. Now, I hope this video has helped you. And hopefully a
little way. Because you know, as a teacher and as an entrepreneur and as a
marketer, I feel it's my duty to help others grow as well and learn the same
lessons I've learned. And if this has helped you in any way, I encourage you
share this video with somebody else. Share this video on your newsfeed or
your Twitter or your Instagram or whatever that may be. And subscribe to my
channel if you'd like to see more videos. I go over lots of different ways that
you know, tactics and strategies that you can do marketing or living or
being entrepreneur like I have. And give this video a big like. And look forward
to hopefully seeing you commit to something new in the comments. Talk to
you soon.