The way you think will determine the outcome of your life what many people
don't realize is that your thinking patterns are a reflection of what you
believe to be true and are molded by the information you feed your mind this
information can come from direct learning or what You observe from other
people around you when it comes to financial success it is not the amount
of money that you make that will determine whether you'll be rich or poor
there are people who earn tons of money yet are poorer than others who are in an
average salary and where they falter is in how they perceive money in reality
they possess all the skills to be rich but are missing the most important one
which is the right mindset and in this video I will share with you the way most
poor people think and how it hindrance his success and if you're new to the
channel then hit the Subscribe button below for more life-changing content the
situation that most people find themselves in today is that they are
working so hard but have little to show for it they may even be making a lot of
money and still be broke broke they wonder why they don't have much money
left at the end of the month and this is because most of them have a poor
relationship with money with the rich understand that the poor don't is that
your relationship with money is what determines whether you have financial
success or whether you will be broke for most people more than half of what they
know about money is the result of the information they received while growing
up the type of family you grow up in has the greatest influence on your financial
success people who grow up in a family that have a good relationship with money
tend to become more financially successful than those who grow up in a
family that knows little about money management the next most powerful
influence on your financial success is your neighborhood people who live in the
same neighborhood usually earn a similar amount of money which means that they
are likely going to think about money in the same way if you grow up in a
neighborhood where people barely have enough money to live you may find
yourself constantly worried that you will have the same experience in your
own adulthood and this will make you hold on to every penny instead of
investing it in cash producing assets and instead stashing it in the bank the
last group of people that can influence your financial success and what you
think about money are your co-workers people who are at the same level in an
organization tend to form a click and soon develop a similar mindset about a
lot of things including money people who are unless usually have a poor
relationship with money while the top earners in every industry have learned
to develop and maintain a good relationship with money needless to say
there are a ton of different ways you can pick up a negative perception of
money and as a result have a toxic relationship with it some of the signs
of bad money relationships are shown in the way that you use money people with
bad money relationships have little value for money as a result they
overspend and neglect to create and follow a budget and this Reckless
Behavior often causes them to rack up a ton of debt but this incorrect mindset
goes much deeper than just the dollars and cents people who worry about money
too much are less product active and they easily lose focus and concentration
they will likely work a job that they lack a passion for just to make sure
that they have a secured income and they are usually not willing to take risks or
go for New Opportunities you have to understand that worrying about money
will not offer you the opportunity to grow your wealth but rather will stop
you from making more money another sign you have a bad relationship with money
is that you feel guilty when you spend now obviously spending on frivolous
items should trigger some guilt but not all spending should spawn these emotions
in fact spending on assets or your education are great ways to leverage
your money but many poor people can't fathom separating themselves from their
money again the reason for these feelings is usually based on your
upbringing people who grew up without Financial abundance tend to keep their
money tight and save more than they needed to save they would rather keep
their money than invested in a profitable Venture that can bring them
more profits if you still think like this then you have to constantly remind
yourself that you deserve to have a better life and you must spend at times
to achieve this at the other end of the spectrum are those who cannot control
their appetite for spending money if you find yourself spending money at every
chance that you have if it's not necessary then it is a reflection of the
bad relationship you have with money these types of people cannot delay
gratification and they always want to buy everything they see even if they
don't need it such people are more likely to buy things on credit and carry
debt that will have them drowning in interest payments until the end of time
the solution to this is to have a budget but this too may be foreign to many poor
individuals as they were never taught how to properly manage their money
moving on if your happiness is tied to how much money you have then you need to
start learning how to develop a good relationship with money you need to
separate your personal life from your financial life because it can affect
your relationships with others you may be riding a high when you have money to
spare but will be at a low point when money is tight and you could take these
emotions out on others learn to talk with others about money and seek help as
needed again your financial success is in your mind and not in your wallet the
secret to wealth of most rich individuals is their mindset they
understand that their mind and their thoughts are the most powerful tools in
the world and will determine whether they will be rich or not because of the
way that they think about money they are able to make better financial decisions
and also make the best use of the opportunities available to them to
become rich poor people on the other hand don't have such mindsets and most
times they end up making the wrong decisions and Passover promising
opportunities one of the destructive mindsets that will keep you poor is
thinking that the rich are bad poor people are likely going to blame
everyone else except themselves for their failure they will blame their
parents for being poor and the government for making bad policies that
are causing unemployment they will also blame their boss for being too demanding
and being the source of all their life's problems they often blame rich people
too for being greedy and being the cause of poverty in the world such a mindset
only gives room for excuses and never a solution if you want to become great you
must change your mindset and learn to think differently most people believe
that it is unfair for only a few people in the world to control all the wealth
they believe that their wealth should be distributed evenly to everyone so that
everyone can be all at the same level this mindset is a poverty mindset that
makes you believe that for the rich to win the poor must lose this is called a
zero-sum game you have to change your mindset and be willing to learn what
makes the rich richer and the poor poorer when you see the riches bad
people you will lose the enthusiasm to learn from them and become better in
fact the rich purposely surround themselves with other rich people to
expand their knowledge whether you like it or not you are a reflection of The
Five People You spend the most time with this means that the way you think the
way you behave and even the amount of money you make will be influenced by
your peers most people feel bad when they start started earning more money
than their peers they believe that their peers will be uncomfortable with them
and most of the times will pass over opportunities that will make them richer
in order to avoid feeling guilty it is an emotional trap that you must avoid if
you want to become financially successful you have to understand that
your own life is different from the life of your peers some of them may be
satisfied with their current Financial level ask yourself if you are satisfied
with the level you are at before you yield to peer pressure most times your
friends will even be motivated to make more money when they see that you are
earning more than them you're likely going to remain broke if you have a
certain amount of money in your mind that you think of as the maximum you can
earn rich people don't think of any limit to the amount of money that they
can make and because of that they find it easier to grow their immense fortunes
change the way you think about money and stop seeing limits to the amount that
you can make before we continue many of you have been asking me what's the best
way to make extra money online and if you want to learn how myself and many of
my students are making thousands of extra dollars per month you can learn
more using the link I've left in this video's description and pin comment
where you'll find a special offer that I'll be ending very shortly
now this is easier said than done so let's talk about how you can rewire your
brain for financial success it's difficult to make money if you keep
thinking in the same way you always have it is possible to start making more
money if you can trace the root cause of your money problem the root cause of
money problems for so many people is their background what they learn while
growing up will to a great extent affect the amount of money they can eventually
make people who grow up in a poor home are most likely going to make wrong
Financial choices earn a lesser amount of money and spend more money on things
that they do not need if you're in such a situation it is easy to find a
solution as long as you're willing to change your mindset and rewire your
brain for making money you can't keep doing the same thing and expect a
different result you have to change your approach learn what rich people know
about money and start doing them another way to increase your capacity to make
more money is to raise your financial IQ your financial IQ explains how well you
understand money how well you were able to manage it and how well you were able
to increase it if you want to be rich you must invest in raising your
financial IQ one of the ways of doing that is by reading books you could start
by reading books that teach you the basics of finances such as budgeting
saving and even investing you can also pay for seminars and workshops or get a
financial coach or mentor and finally you need to challenge yourself in order
to make more money look for a way to motivate yourself you can start small
but dream big and Grow Big there is no limit to what you can do if others can
become rich then that means you can too hey it looks that YouTube thinks this
next video is the one that will change your financial life forever give it a
watch end let's see if they're right