Why some people are rich and some are poor? What makes rich people rich? We have discussed seven differences between rich and poor people.
Being rich and poor is nothing but a mentality. And, I have also shared a secret of rich people. One specific habit that is common in all rich people.
Things poor people do that rich don't | Rich vs poor | Wealth secret | Money mistakes


The differences between rich and poor
1. Money
2. Focus
3. Time
4. Status
5. Lifestyle
6. Mindset
7. Knowledge

No.1 Money
Rich people believe in spending money to buy assets, which can make them more money. For example, shares, gold, properties, which will make them more money or generate a passive income.

No.2 Focus
Rich people focus in learning, as they know, learning new skills can improve their life and money is a by-product of that
Poor people focus in earning, they try to find ways by which they can easily earn money and be rich, there are 100s of videos on YouTube that tell you how to earn more money.
You need to understand that money is the output of the service you provide, if you focus on improving your skills and start adding value to people's lives, money will come easily. That's what the rich do

No.3 Time
We all have a limited amount of time in our life. How do you spend your time makes all the difference.
Rich people values time over money, as you can spend your whole life earning money, but you can't do the opposite.
As warren buffet said, if you work for money, you'll have to work till the day you die. You need to make money work for you.
Rich people generate multiple income sources, which makes money even though they are not working and that gives you financial freedom over time.
And that's when you are actually rich, when you can earn without trading your time.

No 4. Status
Rich people believes in experiences, they believe in living a great life with lot of experiences, that's why they travel a lot. Most rich people travel very cheap, they try to mix with the local culture and experience different things
Poor people believe in status, they believe in show off, they travel to maintain the rich status in society. One survey showed that majority of Indians travel just to maintain social status not to explore places

No.5. Lifestyle
Rich people believes in simplicity, warren buffet still stays in the same house he bought in 1958, drives the same old car. Mark Zuckerberg wears similar clothes everyday. Keanu Reeves takes the metro for transport. They believe in simplicity, remember no matter what car you drive your destination will not change.
On the other hand, poor people believe in living like a king, luxurious life, they believe in buying expensive gadgets, branded clothes.

No. 6 Mindset
Rich people have a growth mindset, they believe that with hard work they can achieve anything in life and they can learn anything.
Poor people have a fixed mindset, they believe in miracles and destiny. Studies show that Americans spend over 72 billion dollars each year on lottery tickets. Classis is an example of a fixed mindset. Poor people want to get rich by luck.
I have made a detailed video about fixed and growth mindset and how to develop a growth mindset, you can watch it by clicking the I button, or you'll find it on the end screen


No 7.Knowledge
Rich people buy a course that teaches them a skill, rich people believe in learning a new skill, for that they will spend money to learn a new skill, they won't hesitate.
But, poor people buy courses on how to get rich. That's the reason there are 100s of online courses which promise to teach you how to get rich in 30 days, these people who are teaching you to get rich, who knows all the tricks to get rich are getting rich by selling you these courses, these courses are exactly like the lottery tickets. Nobody has ever gotten rich by attending online classes or webinars. Learn new skills; improve yourself that can make you rich

Watch the video till the end to find the secret of rich people.


Other Videos of The Aromatic Mind

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https://youtu.be/yQoRWiELDAI

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Part I How to build a habit
https://youtu.be/5hdOr8df1Lc

Part II How to destroy the bad habit
https://youtu.be/z_rm2rHqiNo

How to work less and achieve more
https://youtu.be/HHQk5kXy5wU

Music Credit Song: MBB - Wake Up (Vlog No Copyright Music)
Music provided by Vlog No Copyright Music.
Video Link: https://youtu.be/sEttP7leV78


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The Aromatic Mind

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