If you can identify with any of these warning signs. Start taking some actions to break a poverty mindset pattern of thinking.
This article refers to people who are over 40 years of age, having a good job and earning a good salary.
The problem with the poor mentality mindset is that many people are not aware that they are most likely in the situation they are in financially because of their mindset.
Discovering if you possess these poor person’s mindset can be very difficult, and I mean very difficult because the symptoms are mentally based and most people are in denial.
The first element of change is awareness you can’t change something unless you know it exist T. Harv Aker
Another difficulty is people think that poor people are those with no money and living on the streets. Poor refers to people who follow the traditional path of society and live mediocre life.
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The traditional paths include the following:
A Mindset of Working until you retire
This means working until being pushed out by the system. If the system can change the retirement age to 70 these people will work until they are 70. Why? There is only one reasons. Without the salary there is no life. They did not prepare for their retirement. They are a good example of this saying. “If you want to be poor focus on spending your money.” Do not choose to be poor you can still change your mindset.
A mindset of Calling your parent’s things Yours
There are some people who are over 40 and they still call their parent’s property theirs. For example their parent’s farms and farm animals, their parents’ homes as well as their parent’s cars. The reason why they are doing this is because they don’t have property of their own. This shows that they will never be independent. Lack of independence is a sign of poverty.
Living in a rented or institutional house.
If you are over 40 and you still live in a rented or institutional house. I mean if that is the only house you call home. You are as good as homeless. It is sad because come retirement time you will be homeless and that is when you will be thinking of building your house with your retirement package. The truth is you will be homeless for the rest of your life.
Paying for entertainment every month
This is the most common sign for people with a poor person’s mentality, they live in expensive rented houses, they drive expensive cars, they wear the latest in fashion, and they subscribe to the highest Television entertainment.
There is nothing wrong in doing the above but if this is your only life then you are going to die a destitute.
We all deserve to treat ourselves with nice things because we work hard and we have the right to enjoy our money. However, when you focus only on the pleasures of life you are showing the signs of poverty.
Why Rich People Are Rich and Poor People Are Poor
Have you ever wondered why some people make it past the financial constraints while others don’t, the answer is the mindset.
I will encourage you to read the book called Secrets of the Millionaire Mind by T. Harv Eker.
This book discusses the difference between a rich person’s mindset and a poor persons mind set
A few pointers from the book are as follows:
1. Poor people think small and realistic, they never look past their potential or past their environment.
For example. I once advice a friend of mine to buy a house he’s renting so that instead of paying the rent he pays mortgage installment.
Guess what? He came up with all the good reasons not to buy the house, the likes of the house is small, the house has a potential of cracking.
I said to myself, if he has the skills to analyses a house like that, why can’t he analyses his own life. 10 years later he is still renting that house and leaving comfortably in it. a good example of a POOR PERSONS MENTALITY!
Rich people on the other hand think big, they understand that even if you don’t go as far as you want you will end up somewhere. For example a rich person’s mindset will find it better to buy a small house than to have no house at all
2. Poor mindset always focus on the obstacles or negatives.
The above example says it all, instead of seeing an opportunity a poor person will see only obstacles.
Have you ever experienced a situation where a person feels that it is difficult to get a license for a business and abandon the idea before starting just because the authorities have requested them to provide additional information.
They will point out all the wrong reasons that so and so was never requested to provide that information. Therefore to them, they don’t have the chance of getting the license. To a poor persons mind this discourages them and they abandon the idea
Meanwhile to a rich person’s mindset they will try everything possible, google search, and provide all the information requested no matter what. Read business books while waiting for their business license to be approved. Their goal is only to take the opportunity.
If you keep doing what you have always done, you will keep getting what you have always got T. Harv Eker.
Now that you are aware of the signs, change your thinking and change your life, it is never too late.
Go here: Amazon to Read The Secrets of a Millionaire Mindset