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What is a poor man's mentality?

People with a poor person mentality are the type who live paycheck to paycheck. They never invest their money, they rarely save their money, and will often resort to paying for things with credit. Not that using credit cards is bad—but there's a place and time for that.

theminoritymindset.com - 4 Characteristics Of A Poor Person's Mindset - How To Change It

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4. Never/Always Belief System

Poor people ascribe to the never/always belief system. This belief system molds people into thinking in terms of the extremes. Perhaps your friend Gregory loves leading meetings, but he’s rarely chosen to lead them. Consequently, Gregory says, “I never get to lead the meetings.” This kind of thinking is detrimental to one’s self-worth because the subsequent thoughts may be along the lines of “They don’t choose me to lead meetings because they hate me” or “I’m not chosen because I’m a worthless team member.” The opposite is true too. Saying that you “Always have the worst luck” contorts your mind into looking for all the terrible moments throughout the day. It forces you to ignore all the blindingly fortunate things that happen. Both modes of thinking trigger helplessness. Once you start thinking that the situation cannot be modified, you stop thinking of solutions. You simply give up. The best way to deal with this is to be more moderate in the way you view things. Instead of thinking in “never” and “always” think in terms of “sometimes” or “occasionally.” If you’re looking to be an overachiever, and I hope you are, work towards understanding the cause-effect relationship of things that happen in your life. For instance, if it feels like you’re always late ask yourself why. When the reasons become apparent the never/always belief system shrivels up.

3 Characteristics Of A Rich Person's Mindset

Now that we know the pitfalls of a poor mentality, it's time to start focusing on adopting the right frame of mind to leave that poor life behind.

If being poor is a mindset, then being rich must be one, too, right?

While it's not quite that simple, a positive mindset can do a lot more than just reaffirming what you're wanting out of life. We all know how negative thinking can get you down and make it harder to take advantage of the opportunities that come your way. But thinking like a rich person can flip the script and keep you focused on what's important, not what you're fearful of or what could go wrong.

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To get you started, here are some habits of rich people that you'd never find in a poor person's mindset.

Have A Vision

Unlike the poor mentality that is more reactive and focused on what others are doing, rich people tend to have a vision. They know what their goals are and are always actively working towards achieving them. They may not make tons of progress each day, but every day they're focused on the bigger picture and they typically can't be swayed by trends or others while they work towards success. So if you're someone that spends much of the day at the moment without thinking of the future and how you're going to get where you want to be, you may be stuck in a poor mentality.

Be Productive

Unfortunately, the same mechanisms that allow us to do just about anything and reach just about anyone are also the same things that can be huge time-wasters in life. Watching Netflix, YouTube, and TikTok all day, or gossiping with friends on social media, are terrible uses of your time if you actually want to get things done. That's why the poor spend a lot of time watching others and spending time on entertainment while the rich are putting their time to use by interacting with the right people and always working towards their goals. It's the poor mentality that keeps you consuming the creativity and work of others while you let your own goals fall by the wayside. To a rich person, the most important asset they have is time. To a poor person, it's all about their stuff and what kinds of entertainment to consume.

theminoritymindset.com - 4 Characteristics Of A Poor Person's Mindset - How To Change It

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