hey guys my name is Mitch from the YouTube channel masculine man this is a collaborated
video with practical wisdom and I'm gonna go over why rich people are rich and why poor people are
poor if you enjoyed this video please be sure to subscribe to my channel linked in the description
box below if you think like a poor person you always are going to be poor in this video I'm
gonna break down exactly how rich people think into 9 different areas and I think the 7th idea
is really gonna surprise you after this video you will know if you have the mindset of a rich person
or the mindset of a poor person the first major difference between rich people and poor people
is that rich people think big and poor people think small these are the people who will spend
an extra hour in the clothing store trying to look for a pair of socks that are only 5% off
trying to save only 2 dollars a rich person does not think like this a rich person is thinking how
can I improve myself and make my time more valuable so that one hour of my time could
be worth thousands of dollars instead of just five dollars time is the most valuable asset
that we have and it's very important that we use it wisely the second biggest difference is that
poor people have a gambler's mentality meaning they want something for offering nothing rich
people understand that if you want something you have to offer value and the reason why you
don't have more money is because you have not offered enough value to the world poor people
think how can I take more rich people think how can I offer more the third biggest difference is
that poor people think traditional education is going to lead to riches rich people do believe
education will lead to riches but it is only self education that will lead to this rich people will
spend the time to get very good at a specific skill and become a specialist in something the
fourth reason is that rich people don't get envious of other people when a person sees a
rich person they will usually think to themselves that this person must have cheated to get rich or
he must have gotten lucky this is sometimes the case but more often than not the rich person
got there by working harder and martyr than the average person when a rich person sees another
rich person they do not assume the person is dishonest they think to themselves as long as
I keep working hard I will get there one day this goes beyond just making money when a poor person
sees someone who is very fit in the gym they will think to themselves this person must be
on steroids there's no way he could have gotten this naturally the idea of just him dieting and
working hard couldn't be possible the next reason may seem obvious to you but it is crucial for you
to understand rich people usually are optimists and poor people are pessimists if you have ever
wanted to get real financial success at some point you need to take a risk and if you are 100 percent
of a pessimist then you probably won't ever take a risk because you will assume the worst will happen
while and optimists are very keen to take a risk however you can't be a hundred percent optimistic
either you need to have a healthy balance of the two but in my experience from the people I've
talked to rich people are generally more on the optimistic side the six idea is that rich people
manage their money very well poor people do not manage their money well when a poor person wins
the lottery and this is usually the case because wealthier people don't usually buy lottery tickets
a lot of the time they will lose the money very quickly because they have no idea how to manage
their money if you want to be financially successful you need to learn when to save
and when to spend an opportunity might come along for you to invest in something but if you don't
have the money to do so you will not be able to the seventh reason is the one that will probably
surprise you believe it or not very rich people typically do not have much of an ego the moment
when you think you know everything is the moment when you stop learning rich people constantly are
trying to learn and grow poor people are the ones who think they know everything rich people are
always trying to surround themselves with people who are much smarter than they are and the reason
why they do this is because they're always trying to learn more and more and they are never content
with where they're at it's often the poor people who have an ego think they know what they're doing
and they think something is impossible you need to develop the rich mindset and to lose
your ego because the moment when you lose your ego is the moment when you'll start to learn
so much more this last reason is a little more abstract rich people have this belief that they
have a great power within them they believe that they can change and influence the world
especially now with YouTube and the Internet truly anything is possible right now my voice
is reaching thousands of people across the world we live in a time where it is easier than ever to
impact the world and the people around us I would encourage you to seize the opportunity and to do
the thing that you've always wanted to do be an optimist not a pessimist so there you have it do
you have the mindset of a rich person or a poor person just to be clear I am NOT hating on poor
people at all but the poor person's mindset can be very detrimental to your life and you need to
develop a rich person's mindset in order to get to where you want to go in your life if you enjoyed
this video please leave it a like and let us know in the comments what your thoughts are on being
rich and being poor I really want to hear your feedback if you enjoyed this video please check
out my channel in the description thanks again to practical wisdom for having me on his channel