How to Determine Whether You Have a Rich Mindset or a Poor Mindset

Mickey | General | Friday, December 24th, 2010

How you treat your money determines what kind of mindset that you have. If you have a rich mindset, you treat your money with respect and treat investments carefully. You tend to save your money and only spend it when it’s necessary. You believe that there is enough money to go around and you are very charitable in giving money to others. Your life tends to be full of abundance and you have the ability to make your money work for you. If you have a poor mindset however, there a few things different with your perception.

If you have a poor mindset, you probably have little savings, if any at all, no investment experience, you aren’t charitable and you tend to spend all of your money as soon as you get it. Having a poor mindset means that becoming rich is likely an impossiblity. You have to constantly work for money and think that money is hard to get and that there is not enough to go around. Now remember that having a poor mindset doesn’t necessarily mean that you are poor. You can be rich and have a poor mindset. Of course, if you are then you are likely to become poor soon enough. It’s like someone that wins the lottery. Because they are not used to having all of that money, they waste it and soon enough, they’re broke and back to being poor in a few years.

So why does it matter what kind of mindset you have? That depends on what you want your financial future to be. If you want to be rich in your future, change your mindset. If you want to be poor, think poor. The future is up to you, and changing your mindset now will help shape it. What kind of future do you want to have?

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