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Discussion in 'Business' started by Keithmuchina, Sep 12, 2018.
We are in an economic world where business is all formed from the brains
The rich have the resources to extend and expand their wealth. They can hire financial consultants, analysts, think tanks and people who can do much of the legwork for them. They can have the luxury of time to focus on their targets related to the creation of more wealth.
The flipside of this seeming luck is the plight of the poor. Every productive labor has to be paid in order to get up notches higher. But even daily life for the poor has many constraints. One has to accomplish tasks like a one-man band. Time, which is a valuable asset roll by and the poor remain stuck in the same dilemma. Maybe it’s true that the rich become richer and the poor become poorer. Human affairs in a society also have a considerable impact on the economy as a whole.
Yes, I agree with that, and its happening all over the world. The rich are getting richer while the poor are getting poorer. Because when you are rich you will only think of how to be more richer. But when you are poor, you need to think on how to be rich because you are getting tired of being poor all the time, and you will do everything even if it's good or bad just to be rich. Yes, it's really happening worldwide. They didn't think if they are still doing good or bad as long as they will achieve their goals to become rich, because people don't know how to be contented with their life.
“Rich Dad Poor Dad” is a great book to read that covers this topic. In the book there’s the idea of the rat race, which is why the poor stay poor. It’s not necessarily their fault, the education systems teach people that in order to make money you much go to college, which causes debt, then get a job to pay off debt and pay for living expenses, work till you retire with a 401k and then you can finally relax when you retire. However, the issue with this is that you work for most of your life just to pay bills and survive and then when you retire it’s often too late to live the life of luxury you wished for.
The rich on the other hand learn how to manage their money and make more money off of that money. The rich may or may not go to college, they work towards their goals, they learn about finances and they make their money work for them, they do not work for their money.
While most people have one or two sources of income, the rich have multiple. The rich do what they love and find ways to make money from it, the poor do what they have to in order to survive. The rich take chances while the poor are too afraid. The rich have a positive mindset and believe they can make millions and are willing to do what it takes. The poor don’t believe they can be rich and want to stay in the comfort of knowing they will be paid.
The main difference between the rich and poor is their mindset. If you have a positive mindset you will have a positive outcome, even failures will be seen in a positive light. After all failures help you grow and learn. But if you have a negative mindset you will have negative outcomes, so change your mindset and you’ll change your life.
It's so funny, companies focus on only sales. More than likely it was a more organic approach that got them their first taste of success. Wealth is in the time not working, with the ability to create a high ticket passive income. That's why there are so many luxury and sports cars parked in the financial district after 8 p.m. They might have currency, but if you work 14 hour days, it's redundant.
That's why it's always best to find something that your most passionate about, so work becomes almost recreational. That's the challenge behind building careers, most people go to college for things they don't have any true passion for. They just know that it makes money. Then they end up grief struck with loan bills for a degree they never really use.