The word “poor” can usually be linked to someone’s monetary status, but it also has significance in many other ways. In numerous cases, financially poor individuals have poor mindsets, which is oftentimes why they stay poor; there are exceptions of course, but we are talking about the majority of people. Over the years, my goal has been to help more individuals change their poor perspective and mindset to find financial freedom through entrepreneurship with my book Third Circle Theory. There are a few things; however, that you can associate to poor people’s behavior and I have pointed them out to make sure you don’t fall victim to them.
1. Poor People Always See the Problem Ahead; Never the Solution.
In my office, no one is allowed to state that they have a problem unless they can come to the table with possible solutions. Problems occur for everyone at any time, but the difference between poor and successful people is that all their focus goes on the problem itself rather than the solution. For example, most poor people who get in an accident spend the next three days talking about the accident, what happened, how it happened, etc. On the other hand,successful people will immediately call their insurance company, schedule an appointment to fix their car at a shop, and be done with it. You can’t change what happened, but you can make sure to move on faster in order to focus on things that matter.
2. Often Have a Lot of Advice, but Never Any Experience to Share.
A huge personal pet peeve is when I hear people giving others advice when they have yet to accomplish something for themselves. Have you ever seen a broke guy trying to motivate others? I see this shit everyday, and it really pisses me off. Poor and unmotivated people who haven’t accomplished anything do not have any business motivating others or giving them business advice. Yet, it seems that every time someone has something to say, they are the first ones to have feedback. When people speak in generality and not from experience, it is their desire to be accepted as a successful person even though they are not.
3. Spend Money That They Don’t Have.
People have budgets to allocate their spending; and while that it’s an important way to get to a better state of financial being, BUT in most cases poor people spend money they haven’t received yet. I knew a bunch of guys that used to work with me who spent 90% of their paychecks before they even cashed them. They would borrow from friends or buy something completely irrelevant like designer clothes and improve their cars instead of saving money. Wealth is accumulated, not made in one hit, and poor people often work as if they will one day be liberated with some great payment that will wipe their debt. I never understood how someone could wear a $300 belt, yet not have $2 in his or her pocket for a cup of coffee.
4. Focus on What They Can Buy, Not How Great They Can Be.
When poor people work, start businesses, or focus on making money, they do because of their desire to buy things rather than their ability to truly be the best at what they do. Too often I hear broke people saying ”Mark my words, I’ll be a millionaire one day” or “I will own a Lambo one day.” These are all traits of idiocy and poverty and indicate that it is 99.9% unlikely for them to reach their goals. The reality is that owning a Lambo or being a millionaire isn’t a goal, it’s a fantasy. They should instead focus on their traits, talents, or skills could lead them to a goal, even though it might not as fun, that is something poor people should learn to do. Next time you hear someone saying: “I’ll be a millionaire,” then ask them, “How do you plan to get there?” and in most cases you’ll receive a stupid answer like “Own my own business“, “Build a brand“, or something general and stupid. The right answer; however, would not be to become a millionaire but rather to become the best at what you want to be. Becoming the best car salesman or becoming the #1 restaurant in the city are examples of being the best at what you do, which possibly could lead them to become a millionaire, not the other way around.
5. Are Excited About Work-Life Balance, Not Work.
Every time I see someone working a 9-5 job complaining and about to quit, I ask him or her why they would want to leave? The answer is something stupid like “I want work-life balance” which is probably the dumbest reason to quit your job to go work for yourself. Why? Because working for yourself gives you less work-life balance than working for others. The ignorance is amazing, and it’s typically the reason why poor people never actually quit. Most poor people believe that when they work a 9-5 job, they work for others, and they blame their boss for their low wages or hours they are scheduled. The reality is that none of us work for others no matter what company we work for. If you make money working somewhere, then you are accepting that your worth for the hours you work there is worth just that. No one forces you to work there, and you only benefit from the money you earn. So don’t seek work-life balance, instead seek better work.