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
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
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