The main differences between rich vs poor are habits and beliefs. Habits means something that you do often and almost without thinking, especially something that is hard to stop doing. In short, it becomes second nature. Create good habits, or else bad habits will start automatically.
Beliefs mean something you accept as true, what you believe. So, wealthy people have empowering beliefs that empower them, but poor people have limiting beliefs in their lives.
Rich vs Poor Habits
1. Where the poor see problems, the rich see opportunities.
As you all know, the covid crisis came in 2020. It was an event that was common to all, but rich people took it as an opportunity, whereas poor people treated it as a problem, so they stuck and didn’t move forward. Hence, this is basic difference between Rich vs. Poor.
2. Rich vs Poor: Debt to invest vs Debt to Spend
Let us understand this with an example. Two brothers, one named John and the other named Sam, among them John took a debt and John purchased a nice car. Sam took a loan, he invested and gave a space to money to make more money.
Out of this, John’s debt comes in bad debt; he spent the debt in liabilities, and Sam invested the debt, which is good debt. Therefore, this is the main difference between Rich vs Poor.
3. Multiple source of Income vs Single source of income: Wealthy vs. Poor
If you read many stories about entrepreneurship, you have all seen, all rich people rely on multiple sources of income.
And if you’re like most persons, your main source of income probably comes from just one place. While there is nothing wrong with that, it might be risky to rely solely on one source of income. As you can all see, the Covid crisis; the majority of individuals lost their employment or main source of income.
Hence, having Multiple source of Income is crucial.
4. Invest in self education vs Invest in entertainment.
“Ordinary people seek entertainment. Extraordinary people seek education and learning.” -Benjamin Hardy
The biggest problem in today’s world is Distraction.
According to statistics, each viewer in America and India spends an average of 3 hours and 46 minutes watching TV after covid.
Benjamin Hardy once said, “Entertainment and distraction is the enemy of creation and learning. They will keep you in mediocrity.”
Jim Rohn once said, “Formal education makes a living, but self-education makes a fortune,”
In the above text, I’m not talking about a school or college degree. Yes, it’s important, but self-education makes you a person who is unique. Therefore, self-education can plays crucial role in your success journey.
So, take action and learn more about rich vs. poor.
Conclusion of Rich vs Poor Habits
Remember one thing in your life, things you know, take action. From reading this blog you will get one thing that the differences in between rich vs. poor are habits. So, take action and change your habits and adapt rich habits.
Bill Gates once said, “If you are born poor it’s not you mistake, but if you are die poor it’s your mistake.”
So, it’s up to you to take 100% responsibility for your life, and make a shift from a poor mindset to a rich mindset.