7 Things Poor People DO That The Rich DON’T

Summary

The speaker outlines seven key differences between poor and rich people, emphasizing mindset and behavior. Poor people watch TV while the rich read books, focusing on results rather than time invested. They blame others for misfortunes, while the rich take responsibility for their actions. Rich people invest to grow wealth, while poor people focus on saving small amounts. The rich prioritize continuous learning over opinions. While poor people see money as evil, the rich view poverty as the real issue. Lastly, poor people have a lottery mentality, while the rich take action to create their success.

Takeaways

• 😀 Poor people spend time watching TV, while rich people prioritize reading books.
• 💡 Poor people get paid based on time, while rich people get paid based on results and performance.
• ⚖️ Poor people tend to blame others for their misfortunes, while rich people take responsibility for their own failures.
• 💰 Poor people focus on saving money, while rich people focus on investing to grow wealth.
• 📚 Poor people believe they know it all, while rich people are always learning and seeking to improve.
• 💵 Poor people believe that money is the root of all evil, while rich people believe poverty is the real issue.
• 🎰 Poor people often rely on the lottery or luck to get rich, while rich people focus on taking action to create success.
• 💼 Rich people are driven by results, regardless of how much time they invest into a project or endeavor.
• 🔄 Rich people understand that continuous personal growth directly impacts their wealth and success.
• 👨‍👩‍👦 Poor people blame external factors like their boss or the economy, while rich people focus on controlling what they can and making changes where needed.

Q & A

Why do poor people spend more time watching TV compared to rich people who prefer reading books?

Poor people often spend time watching TV because it provides passive entertainment and an escape from daily challenges. In contrast, rich people prioritize reading books as a way to gain knowledge, enhance their skills, and keep learning, which they believe leads to personal growth and success.

What is the main difference in how poor and rich people get paid?

Poor people tend to get paid based on the time they invest in their work, such as an hourly wage. Rich people, on the other hand, get paid based on results, meaning they are compensated for the outcomes or impact they create, not just the effort or time spent.

Why do rich people take responsibility for their failures while poor people tend to blame others?

Rich people understand that taking responsibility for their failures gives them the power to change and improve. Poor people, however, often blame external factors like the economy, government, or other people for their misfortunes, which prevents them from taking action to improve their situation.

How do poor people and rich people approach saving and investing?

Poor people often focus on saving money by cutting small expenses, like avoiding Starbucks or flying economy. However, this is seen as insufficient because saving small amounts doesn't lead to wealth. Rich people focus on investing, increasing their income, and using their earnings to grow their wealth over time.

Why do rich people continuously seek to learn, while poor people often feel they know it all?

Rich people understand that continuous learning and staying open to new ideas is essential for growth. They ask questions, read books, and keep expanding their knowledge. In contrast, poor people tend to have fixed opinions and often focus on expressing their views rather than learning and growing.

What is the main reason for the misconception that 'money is the root of all evil'?

The saying 'money is the root of all evil' is often misunderstood. In reality, the lack of money is the root of many social issues like crime, poverty, and unrest. Money itself is neutral; it is how people use it that determines its impact on society.

How does poverty contribute to societal issues, according to the speaker?

Poverty, or the lack of financial resources, often leads to crime, drug abuse, and other social problems. The speaker argues that money is not the root of evil, but rather the lack of it, which forces people into desperate situations.

What does the speaker mean by having a 'lottery mentality' versus an 'action mentality'?

A 'lottery mentality' refers to the belief that the only way to achieve wealth is by chance, like winning the lottery. In contrast, an 'action mentality' means taking personal responsibility for one's success by working hard, taking calculated risks, and striving for results.

Why is it important for people to focus on results rather than effort, according to the speaker?

Focusing on results rather than effort is crucial because the world values outcomes over effort. Regardless of how much time and energy you invest in something, if it doesn’t produce results, it won’t lead to success or financial reward.

What is the speaker's view on people who constantly share their opinions without taking action?

The speaker criticizes people who are quick to share opinions without taking action, particularly in areas they have little practical experience in. He suggests that their opinions are not valuable because they haven’t proven their ability to deliver results or achieve success themselves.