rich or poor your choice
TRANSCRIPT
Rich or Poor – Your ChoiceHow You Think About Money Largely Determines Whether You’re Rich or Poor
When Opportunity Knocks—Example
Paul has a job but complains he doesn’t have enough money. He’s annoyed at all the yards in his neighborhood that aren’t well-kept.
James lives in the same neighborhood. He wants to live a financially secure life. He notices the lawns, too.
What will Paul and James do about these yards?
Paul’s friend, Sam, is disabled and tells Paul:
“I wish I could mow all these lawns and trim bushes, but I’m physically unable to.” Why don’t you do it?”
Paul says, “It will cost too much.” “It will take up my weekend.”
James says:
“I think these owners need some help with their yards.”
“I could make another $100 a week mowing these lawns.”
“I’ll stop right now to offer my services.”
Short-Term vs. Long-Term
Thinking
Price vs. Value
Who’s the Boss?The poor are either trying to find a job, waiting to get a job or making an effort to keep hold of a job.
The rich prefer to work for themselves to reap more of the profits that their work yields. The rich have confidence in their own ability to make decisions.
Dealing with Challenges
Power
The poor believe they’re victims of circumstances. The rich believe they have power to increase their dollars.
Do You See the Power You Have Over Your Money?
Dreams
LearningHow open are you to learning new information about finances?
Those who think poor are less open-minded to learning new info.
Those who think rich are open to new knowledge and are in a constant state of learning.
Cash Flow
What is…Cash Flow?Good Debt?Bad Debt?
Tips to Change Your Mindset
How can you alter your mindset to be more like the rich?
ConclusionsYour mindset about money largely determines the kind of financial life you’ll lead.
You have the power to change your money mindset.
Learn to think rich and live the life you desire!
“Being broke is a temporary situation.
Being poor is a state of mind.”
–Mike Todd