i often hear people complain that the modern financial system is built in such a way that
it makes the rich richer and the poor poorer and thats basically the biggest problem that
humanity is facing, if only we could change that system and make it fair for everyone,
then everybody will have an equal chance and no one will suffer from poverty, but if you
just take a look at the statistics, you will realise that most millionaires are self made,
these are the same people who once were in the category of the poor or the middle class.
but instead like the rest of the poor people to keep complaining how these rich people
are making their money out of fraud and its better to stay poor and many other ridicules
complains that absolutely doesn’t make sense, they instead choose to leave that behind and
start working to reach the ranks of the millionaires. and thats probably one the biggest differences
between the rich and the poor.
yes of of course there are people who were millionaires because they were born in a specific
families but you sitting there and complaining about that won’t make you rich.
so rich people focus on opportunities instead of complaining.
Rich People Make the money for them
now, the second point I want to talk about is this huge difference in the mentality between
the rich and the poor and what I mean with the poor is everyone with lots of financial
difficulties which includes the middle class as well.
poor people usually have this perspective that I need to work here, get the money and
then spend it on whatever i need.
so each time you find them saving money for a car, a new iPhone maybe or maybe a house.
first you save for the first one, once you get it, then you save for the next one and
it keeps going on like that.
even if you walk in and handle him a hundred thousand dollars, he would probable spend
in the same way and then he will go back to as he was before.
but a rich person would not do that, instead of working to get the money, he will make
the money work for him.
instead of buying another car to brag in from of his friends, he will invest it so that
it keeps increasing constantly, thats why you find the rich always getting rich, because
the more money they make, the more they invest instead of just spending it and some of them
reached to a point where if they spend a millionaire dollar a day, it won’t effect their income
at all.
So the second idea is, Rich People Make the money for them
probably on of the biggest differences between the rich and the poor is that, poor people
think that they already know everything, i have came across many people who were complaining
how hard is it for them, because they have so many bills to pay but they are not earning
enough, especially those with kids, and the first question that I usually ask is, what
is the last book you have ever read in financial education and in 99 percent of the cases,
the answer is none, and the reason usually is either I don’t have time, I am not trying
to be disrespectful but I think thats very stupid, just imagine with me this situation,
the door is locked and the keys are in the other room, instead of going to the other
room and getting the keys, you choose to complain that the door is locked, yes of course when
it comes to books they take more time to read and more time to implement but the concept
is same.
the third idea is, rich people constantly improve, either by reading books, taking courses,
whatever.
usually when I suggest to people that its better to become an entrepreneur so that you
can work for yourself and you can be independent instead of relying on a single pay check that
you get at the end of each month, the question I usually get after that is, what should I
do to make money then, here is a simple formula of making money.
the more value you bring to more people, the more money you are going to make.
just take an example of this video, the more value this video brings, the more views its
going to generate and that will result to a more income.
you can design an app for example, which can bring value to people in a different way,
maybe helping them to find locations.
of course in order to bring value, you have to develop yourself to a certain level and
that requires time and discipline for example, I have spent all my free time
in college reading personal development books so that I make this video and even now I have
to spend dozens of hours writing scripts, recording and animating.
so the last idea is, instating of focusing on making money, rich people focus in bring
value
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