Do you want to be a millionaire or a billionaire you may think the only thing
that differentiates a poor person from a rich person is working hard but
according to many millionaires and billionaires that's just not the case
after all there are many hard-working janitors out there but there are some
crucial things all poor people do that rich people don't today we're going to
look at those things and if you apply them you could become rich in no time
I'm Charlie and today we're going to look at nine things poor people do that
rich people don't but before we better ourselves why not subscribe and press
the notification bell - coming up first we have a results versus time this one
is crucial and it's all about how you get paid are you being paid based on
your results or based on how much time you spend working rich people get paid
based on their results for example if they perform better they're paid more
and if they perform badly they're paid less but for poor people it does not
matter how they perform it simply matters that they spend the
time no matter how good or bad they perform
sadly poor people often don't profit from their own hard work instead their
boss does the crucial thing here is rich people own up to the risk of getting a
bad result and by extension improving the service or product that they're
selling this means all of the risk and all of the profits are theirs so make
sure whatever your work is it's based on results only when you're actually
effective positively or negatively by a change and results can you actually
improve yourself and that is the only way you can really get rich so make sure
you have a job where you're paid based on the results you get and not simply
how much time you spend browsing Facebook in the office next up we have
books versus TV so this may be a cliche one but hear me out because there's many
things people don't realize about this in the USA the average adult spends 5
hours per day watching TV or Netflix that may not sound like much but that's
one thousand four hundred and sixty hours per year and unfortunately when it
comes to most TV shows you won't better yourself at all it's
often a humongous waste of time and your sim
just filling your mind with rubbish instead rich people often prefer to read
books now that's not just because they want to seem like galaxy brains reading
books instead they gain crucial information about how to run their
businesses and personal lives and become rich some of Bill Gates's favorite books
are business adventures by John Brooks he also recommends how Asia works by Joe
Studwell and change by design by Tim Brown these are all books billionaires
like Bill Gates and other rich people all read and really recommend so instead
of edging out for four hours a day on Netflix read one of these books one
piece of information in them could just make you rich next up is investing a
versus saving you may think that poor people spend all their money while rich
people save it but that's actually a common misconception instead it goes
like this poor people focus on saving and rich
people focus on investing you barely ever get rich by saving all the money
you save actually goes down by two percent every year cheat of inflation so
that's why you must invest your money now you don't have to become the wolf of
Wall Street and play the stock market instead sit down with a financial
adviser who charges next to nothing then simply put in a few hundred dollars or a
few thousand dollars every year into an investment fund this is super simple to
do and it's not only the 1% who can do it in fact absolutely anyone can do it
if they have an extra few hundred or thousand dollars every year this will be
a steady stream of passive income you don't need to do anything to make if you
simply save your money it's not doing anything and is simply just waiting to
be spent next up is blaming versus responsibility talk to any rich person
and they'll say the number one thing that helps them is taking responsibility
when a rich person fails they take full responsibility but when a poor person
fails they often blame others for their misfortunes multi-millionaire Gary
Vaynerchuk says it's a great strategy to make sure you blame everything on
yourself you may think this will make you feel really bad but it actually does
the opposite it allows you to not see things carved in stone instead your mind
is thinking about how you can change everything which is a
right mindset if you don't learn from your mistakes and blame everyone else
then you can't improve it simply closes all doors and decreases your earning
skills many billionaires say don't use cheap excuses like the economy's bad or
my boss doesn't like me instead take full accountability for your failures
and use them to learn simply take every single fail as an opportunity this will
not only improve your mindset and self-worth but also make you a ton of
money in the long run if you're not your own boss of your own life and you're not
deciding your own destiny how can you expect to ever improve and get rich
coming up next is action versus loitering so this is a key mindset of
how rich people think think about this do you have an action mentality or a
lottery mentality poor people often think that someone else or something
else is going to make them rich they may like to gamble for success and really
think of life like a lottery nothing is in their control and they may just get
rich from random occurrences but rich people take action as they have an
action mentality they know they need to make themselves rich no one is going to
help them or do it for them rich people make an action plan with detailed steps
to get what they want they do not rely on chance and they have everything
planned out they realize it's their life and they are the ones in control they
are their own boss so if you think you have a lottery mentality be honest and
convert that to an action mentality moving forward coming up next is
learning versus knowing do you think you know everything if so then you may be a
poor person poor people think they know it all but rich people realize that they
don't know much and a continuously learning for example Bill Gates says he
hasn't accomplished anything in a day if he hasn't learned at least one thing now
this isn't just about acquiring facts and knowledge instead rich people use
this to improve themselves so they make fewer mistakes and more money poor
people may think they already are perfect and don't need to know more
after all if they learn something new that means they weren't perfect before
rich people actually despise becoming perfect as that will limit their
potential they always want to learn more and improve themselves next up is
spending versus investing so I've already talked about saving
versus investing and why you should invest rather than saving but another
thing that many poor people do that rich people don't is spend money now don't
get me wrong rich and poor people both spend money but when rich people spend
money they're often investing and I'm not talking about in stocks and shares
for example if you're buying an item of clothing what does that say about you
are you buying a two hundred dollar t-shirt to impress other people you
don't even like or are you buying a good quality shirt to impress a client that
may make you more money the quality shirt that will impress a client is an
investment but spending money simply to flex on Instagram is a waste of money
for example some poor people may spend money on Jordans
or the latest iPhone they don't really need but take a look at how someone like
Bill Gates dresses he wears pretty basic clothing but it's
very durable and will last a long time meaning it's an investment this is also
the case with things like technology be buying the latest iPhone you don't
really need to flex or are you buying a SmartWatch to help improve your activity
thus investing in yourself you buying that sports car you can't afford to show
off or you buying a durable car which will get you from A to B and last for
decades as an investment and finally on the list we have good versus evil now
I'm not saying that poor and rich people are good or evil instead this is all
about how you view the world versus saying
rich people believe poverty is the root of all evil and poor people believe
money is the root of all evil but if you believe money is evil then why do you
want it if you believe everyone who's made it has cheated or stolen their way
to the top then that's a bad mindset instead realize that many rich people
are actually good people you can't judge people just because they've made money
or haven't made money instead you should only focus on yourself and what you're
doing remember the moment you start comparing yourself to others is the
moment you've lost so there we are guys those are some things poor people do
that rich people don't apply some of these to your life and you never know
you could be a millionaire or billionaire in no time now it's time to
make your opinion her vote in the poll in the top right corner would you rather
be rich and sad or poor and happy if you guys want some more mail
in videos then check out my second channel there'll be a link to that on
screen in a moment but as always thank you for watching check out some more
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