What can poor people learn from rich people?

in life •  6 years ago 

Here are some of the most important lessons:

  1. Money is an accelerator for a startup and a magnifier for an individual. Wealth will not solve any of your existing mind issues, instead will make them bigger. You won't become happier. On the contrary you will reach a stage in which you would ask yourself: Is that it? That's a dangerous stage. This is so serious that I would not recommend becoming rich, before you become happy first. Trust me on that, because by the time you will find out on your own it's going to be a bit late and you will be disappointed. Make happiness your goal instead and practice a positive state of mind. Money will follow your internal bliss. There's no limit to a positive attitude.

  2. Start giving and sharing today. Giving is the secret key that starts the wealth producing engine of your personal micro-economics. If you don't give a dime out of a dollar, you definitely won't give $100k out of $1m.

  3. Master your mind. The mind is split into two: the conscious and the subconscious. The subconscious is what really matters, what produces the results, but it cannot tell right from wrong. The conscious on the other hand can, thus the conflict. The conscious mind exists just to act as a gatekeeper for the subconscious. Obviously you don't want the wrong things to make it through. Duality (right-wrong, good-bad, big-small, easy- hard) exists only in the conscious mind. During your "formation years" you got by default a lot of beliefs from the people around you (family, friends, teachers, colleagues, media etc).

  4. Dream big and have a vision. White down the why behind your goal. This should be meaningful to you. Try with more things until you hit a home run. You need to get inspired by your goal. Your goal should be a mission to serve, to make a difference. Otherwise you are not going to take action. It's just going to be wishful thinking. This is the process that will inspire you to take action. It will come naturally as an idea or an urge to do something towards your goal.

  5. Think creatively. The industrial revolution created "robotic mindsets" focus mainly on fulfilling pointless and repetitive tasks. A direct effect of that was a generalized creative thought atrophy:
    a. Some years ago, the late Nobel prize-winning Dr. Albert Schweitzer was asked by a reporter, “Doctor, what’s wrong with men today?” The great doctor was silent a moment, and then he said, “Men simply don’t think!” - Earl Nightingale, The Strangest Secret (1956)
    b. The findings showed: 2% of the people think, 3% of the people think they think and 95% of the people would rather die than think. If you don't believe those numbers I challenge you next weekend to just sit down and think creatively for 8 hours. After 1 hour you wish you would be working.

  6. Value your time. Value your time and improve your efficiency: 80% of the value comes from 20% of the effort. Which means that 80% of your effort is inefficient. Value your time and put it to good use, by prioritising the high ROI (Return On Investment) activities. We all have 24 hours in a day, but we don't use it the same way. That's how high achievers make better use of their time. Poor people spend time to save money. Rich people spend money to save time.

  7. Manage your money. Pay yourself first. Save and invest. Get experts to help you. Multiple passive income streams.

  8. Business & Sales. Learn to sell first and stop being a consumer. There's no business without sales. I like Mark Cuban's business rule: "Sales cures all." That's true.

  9. Leadership. Drive to action is created through motivation and inspiration. The best way to imagine the difference between the two is to imagine motivation as a "push" while inspiration is a "pull". You get pushed into action by motivation and pulled into a higher purpose action by inspiration. An inspired person is motivated to act, but a motivated person is not inspired to act.

  10. Mastery. Great people that achieve mastery in their domain are very hard to find. Most people get into the comfort zone and stop relevant growth. They do that because growth is usually uncomfortable. The key is to get comfortable in being uncomfortable. You can achieve that if you are passionate and inspired about your work.

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