FinanceUploaded 5 months ago
In this world, two types of people are living. Rich and Poor. Both are the same physically but mentally both are very much different.
“If you are born poor, it’s not your mistake but if you die poor, it’s your mistake” — Bill Gates
This blog is not to know the difference but to learn how to be Rich with mentality.
Poor people have a short-term vision but Rich has a long-term vision. This means both would have different actions which lead to different results.
The shorter person thinks, the poor the person is. *Exceptions are there.
“Poor spend money, Rich invest money” — Taranpreet Singh
To understand the above quote, you have to understand the difference between assets and liabilities.
Assets → Make money for you after an investment is done for purchasing them. Eg: Youtube videos, Books, etc.
Liabilities → They take your money. Eg: Television.
This is my favorite topic. Many people just become employed and think that they will become rich. But there is an untold truth about ownership.
When you are employed, you work for someone else. But when you are an owner, you work for yourself.
Do, you want to work for someone else? Many would say, no but their actions indicated that they are working for someone else.
Rich is not average because they know that being average is a trap.
Average → Lowest of good and highest of worse.
When you are average, you are comfortable.
If you have self-respect, you don’t care about what will others say.
But poor says → ‘What will others think’.
If you want to be Rich, just delete the above line from your philosophy.
Thanks for reading this blog.