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  • YouTube is filled with videos such as 10 things poor people do that the rich don't or 15

  • things rich people do that the poor don't or something along those lines. Many of them

  • are quite interesting and are fun to watch but they don't really explain the difference.

  • DO you really think that the difference between the rich and poor is that, poor people watch

  • tv while the poor don't or rich people shower more often compare to the poor?

  • Neither do I, If you suddenly start showering more often or watching less TV, you are not

  • going to get rich because the real difference is in the mentality,

  • in the way, the play the game of money. And in this video, we are going to take a look

  • at 8 things that poor people do that are keeping them poor.

  • Number 1, Poor People Play Defence

  • If you were to play any game strictly on defense, what are the chances of you winning that game?

  • extremely low or none, right? And yet, most people play the game of money

  • exactly like that. Their primary goal is not to win or to be at the top but rather not

  • to lose. They just want to pay all the bills and stay out of the debt.

  • The problem with this strategy is that when your goal is to simply to be above the water,

  • that's maximum what you will get.

  • Of course, some people are little better than that, they save 10 percent of their income,

  • invest it in the stock market and just hope that the stock market doesn't collapse so

  • that when they get old, they will have something to rely on.

  • But until then, they will be locked into the comfort zone of a small paycheck!

  • There is absolutely nothing wrong with that, but if your goal is to simply pay the bills,

  • you will just stay wherever you are. If you want to create real wealth, you should

  • stop playing defense and start playing offense and shoot for the stars.

  • As a wise man once said: “If you shoot for the stars, you'll at least hit the moon.”

  • 2. Next, Poor People Do Not Value Freedom

  • When I say freedom, I do not mean living in a democracy or not. Freedom means living the

  • life that you want, and not the one that someone else wants you to live, doing what you want,

  • how you want and where you want!

  • That's why you find a lot of people say: Money isn't important! Don't make your life all

  • about money! or the most famous of them: Money is the root of all evils!

  • And yet you find those people working all of their life from morning till evening for

  • some pennies just to keep the bill collectors away from their house.

  • doing the job that they wish they can quite, not only because they hate the job, but they

  • also probably hate their boss! and if they had the opportunity, they would quit that

  • job.

  • That's why money equals freedom! So, how do you expect yourself to chase money

  • if you look at it as something negative? Rich people keep getting richer because it gives

  • them more and more freedom to do with their lives what they want.

  • 3. Number 3, Poor people work hard for their money

  • It sounds a bit controversial, aren't you suppose to work hard for your money. Let me

  • explain. What do most people do if they want to make

  • more money? They work harder to get promoted and if that's not enough, they might consider

  • working overtime or getting a second jobThe problem with this is that, no matter how

  • much you are paid, at the end of the day, your time is limited.

  • And rich people perfectly understand that, so instead of working hard for their money,

  • they let their money work hard for themThey look at money as a tool that can earn

  • them even more money and not simply a piece of paper they can use to buy what they want

  • like most people treat money.

  • Of course, first you probably will have to work hard for the money, but it's temporary

  • for the rich while it's permanent for the poor. Once you make enough where your money

  • can replace you, you will have more freedom!

  • 4. Number 4, Poor People Focus On Obstacles

  • One of my friends wants to start a chain of restaurants. In fact, he has been telling

  • me that for the last 3 or 4 years but every time I ask him why he hasn't started yet,

  • he typical response, I don't have the money and I don't want to get into debt.

  • And that's the problem. Poor people are constantly looking for something

  • to go wrong. In these 4 years, he could have found an investor

  • or at least saved up enough to start. He hasn't even studied the market, he doesn't

  • even have a plan. He believes that if he gets the money, the rest will somehow magically

  • happens. But what will end up happening is that, he will just come across another obstacle.

  • It doesn't matter what business you want to get in, there will always be obstacles,

  • there are millions of things that could go wrong.

  • And if you are like my friend who isn't doing anything but complains how difficult

  • it is, you are probably in the same dark financial position that he is.

  • Some people are even ondifferent level,

  • even if they have the money and all the essentials, they will say things such as: What if it doesn't

  • work? What if people are going to know that I have failed!

  • For God's sake, no one cares about that.

  • 5. Poor people chose to be paid based on time

  • How often do you hear people say, I deserve to be paid 50 bucks an hour or 60 bucks. I

  • have a degree from such and such school, I work harder than any else, I am smarter or

  • more talented. You know what! No one gives a damn,

  • Would you watch this video because I have spent so and so hour creating it?

  • What matters at the end of the day is how much value you can deliver.

  • You might be working harder than Jeff Bezos, but Bezos will be making 4.5 million dollars

  • an hour and you won't because while you are complaining, his company is providing

  • value to millions of people all around the globe.

  • 6. Poor People resent rich and successful people

  • The other day, I was watching an interview with a successful and quite famous entrepreneur.

  • Then, I scrolled down to read some of the comments and a lot of people were like.

  • THis douchbag doesn't deserve to be on this channel, he is a scumbag.

  • And it really freaked me out, the guy worked hard to be in that position, Even if he has

  • inherited some of his wealth, he is probably much more disciplined than you.

  • Some people seem to have some kind of moral obligation to hate the top 1 percent or certain

  • rich families. Here is a lifehack!

  • instead of hating them, how about you join them!

  • 7. poor people think they know everything

  • This is the most ridiculers one. What do people do when they face financial problems. They

  • complain about it, there are bazillion number of things you can blame, starting from politicians

  • that run the country and ending it with your boss.

  • But if you tell him to pick up a book and learn even the basics of money management.

  • He will tell you, this is my money and I know how to take care of it,

  • Well, if you have figured everything out, why on earth you are always broke.

  • And then they will give you even more excuses.

  • And it's not only about money. But everything else. haven't you realized when people get

  • into an argument, they try to prove that they are right, even if they are not, instead of

  • trying to learn?

  • And to be honest, I have had this mentality back when I was a teenager, I was quite stubborn.

  • But then I realized that, If I keep going like this, I am never going to grow, So I

  • stopped acting like I know everything, and start paying attention to my flows and How

  • can I fix them.

  • 8. Poor People Mismanage their money

  • Knowing how to manage money isn't something you are born with, but rather you have to

  • learn. Just because you are making money, doesn't mean you know how to manage it properly.

  • People think that if they start managing their money, it will restrict their freedom.

  • They don't want to stick to a certain budget or think hard before buying something. They

  • finally got the paycheck and they wanna enjoy it. But the truth is, if you don't manage

  • your money, you will never achieve financial independence and that short term feeling of

  • mindless satisfaction isn't real freedomAnd secondly, people think that you need to

  • make a lot of money to manage it. Trust me, it gets way more difficult than you think

  • and if you can't even handle your paycheck properly, do you think you can manage 10

  • times that amount?

  • By now, you probably have already realized that what makes poor people really poor is

  • a poor mentality and not having money is one of the consequences of that.

  • The good news is that you can change your mentality.

  • That doesn't you mean, the next day you will be sitting on a pile of cash. No, but

  • slowly, you will start looking at things differently, you will start thinking differently and instead

  • of complaining, you will start taking advantage of all the opportunities that you are coming

  • across and over time, you will improve your financial situation.

  • a wise man once said: the best way to help the poor is not to become one of them.

  • this video is based on a book Secrets of the Millionaire Mind by Harv Eker. It's an amazing

  • book, I would recommend anyone, as usual, I will leave an amazon link in the description

  • as well as a link to Audible where you can get the audiobook for free.

  • Thanks for watching

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