MIllionaire Mind - Do you have a Millionaire mindset or a Poor Mind set?
By navas4u
@navas4u (185)
India
November 15, 2008 2:58am CST
A millionaire's thinking style is totally diffrent from what poor and middle class think about life, money and wealth.Poor and middle class work for the money.But Millionares make their money work for you.Poor and middle class play to avoid loosing, but Millionaires play their game to win.
What is your mentality ? A job mentality or Business mentality?
What do you think what are the other difference between the mentaliy of Poor and Millionaires?
4 responses
@my_name_is_coco (4333)
• Philippines
29 Nov 09
I would like to get into a business.I believe you wouldn't get rich if you work.you can't rich when you are working for someone else.the owner of the company is the one who's getting rich.when you have a business,you are the boss.you get to learn a lot of financial lessons and business tips.you get to take risks and learn from them.
@Teyjattt (126)
• United States
2 Dec 08
I don't think you need to sell your sold to be a millionaire, and I'm willing ot bet most millionaire's don't do such things. I think the bigger difference is how money is perceived.
For example when people got their income tax rebate check:
Rich mentality - pays off debt to improve cash flow, invests in self (education) or in wealth (CDs/IRA)
Poor mentality - pays off credit card and goes on a spending spree to max it back out to buy that big screen television, or doesn't even pay off debt first, just buys the tv.
Another example that I have seen personally is when car is finally paid off:
Rich mentality - starts taking the money that was used for car payment and paying off other debts or investing the additional money.
Poor mentality - buys another car and continues make car payments.
These are a little extreme, and I find I fall somewhere in the middle. With my rebate check I paid off some debt, bought a 1-year CD, and took a few hundred dollars to buy some things my wife and I wanted (not a big screen tv, although we do both want one).
@Ortega1205 (1)
• United States
8 Dec 08
The difference between the mentality of Poor and Millionaires is that millionaires wouldnt hesitate to buy into more wealth. They live accustomed to good fortune. Being a millionaire means going beyond the norm, living like kings and royalty, in order to get more money you have to live among the rich and socialize among the rich, get connections to higher grounds, stay wealthy by all means. Being a millionaire means looking good, smelling good and socialize only with wealth.
The mentality of the poor means working hard, mindset is with values and not monetary issues. As long as the poor have spirit they need nothing else, that's what they are and always have been conditioned to think. The poor will help another poor person before thinking have what they may have left. The poor do not know what wealth is so therefore cannot think like a millionaire, they must experience wealth in order to stay in higher ground.