Many people follow the scarcity mindset and end up with large monthly car payments, unaffordable mortgages, and other bad financial habits. This mindset is based on fear and greed, and it’s difficult to break the cycle. However, if you apply a growth mindset, you can learn to invest your money wisely. Even if you’re not able to buy a new car, you’ll still be able to work because you enjoy it.
Arrogance
The biggest roadblock to wealth is arrogance. Arrogance is the attitude that “what I don’t know doesn’t matter” and a closedness to change your opinion. Many people are intelligent but arrogant, and this leads them to buy real estate and make investments without having learned the essential knowledge needed. Arrogance also entails a certain level of naivete.
The book “Rich Dad, Poor Father” outlines the reasons that people choose to have arrogant mindsets. The author of the book, Gary Vaynerchuk, says that people who believe they know everything should avoid arrogance. It’s easy to get caught up in arrogance, but you need to understand what causes this mentality and how to get rid of it. The key to avoiding arrogance is a humble approach.
Unfairness of the world
One of the lessons to learn from Rich Father’s books is to never give in to the unfairness of the world. He shows us that money is not everything in this world. His father, the late Sam Kiyosaki, was a school superintendent in Hawaii. He was also a Republican candidate for lieutenant governor in the early 1970s. As a result, Kiyosaki’s father was a wealthy and respected person in his town.
Rich dad’s mindset is the traditional consensus on money and work. His mindset prioritizes stability over independence. He buys a house and spends money without a long-term plan. His thoughts are reinforced by the traditional school system, which rewards this mindset. Unfortunately, many parents also belong to this system and pass it on to their children. Rich dad, on the other hand, represents the contrary mindset. He strives to achieve financial independence and takes calculated risks boldly.
Jealousy
The most common misconception about the Rich mindset from Rich Dad Poor father is that everyone should be jealous of the people who are rich. However, jealousy is a natural reaction to money. After all, what’s so great about the rich? They don’t have to work for it and they can even quit their day jobs! However, many people don’t understand the true reasons behind jealousy, which are the opposite of the principles explained in Rich Dad Poor dad.
The “rich dad” believed that poverty was primarily a result of self-imposed fears, not the result of outside forces. The poor dad, on the other hand, believed that circumstances were caused by a lack of knowledge. It wasn’t until his son had mastered money that he became rich, and he could enjoy the benefits of his success. Despite their differences, the two mindsets are similar.
Bitterness
You’ve probably heard the phrase ‘bitterness is a rich mindset’ before, but what does it mean? Basically, bitterness is an emotion that can be a trap for any of us. We feel helpless and unable to control our emotions. Psychologists call this emotion ’embitterment.’ In reality, bitterness is a self-destructive state of mind.
The difference between a rich and a poor mindset lies in your attitude towards success and failure. A rich mindset is one that sees things in a positive light and celebrates others’ successes. On the other hand, a poor mindset is one of jealousy and ruthless competition. It sees everything as a zero-sum game. In addition, it’s likely to backstab your friends and partners because of its negative mentality.
