So, how does a poor man think? Well in a nutshell poorly. One definition of poor is not having enough of something. Poor Man thinking is not just about money, it’s a general attitude. We can be insufficient in many areas, but typically we think of money or possessions when we define the word poor. So in this article we will define a poor man as someones attitude about money.
Money is a good thing, but the sad fact is money not earned is usually not a good thing. Those who win, or inherit large amounts of money, often do not make the wisest of choices.
Someone once said, If you are going to win a million dollars, you must first begin to think like a millionaire. The meaning is two-fold:
1. When you get money free you must act like the given-money was earned-money.
2. Millionaires do not stay millionaires without the wise use of money (budgeting, discipline, patients, smart investment decisions etc).
But I worked hard for that money!
A friend of mine told me of a story of his young son who wanted the newest action figure. His son asked him for the ten dollars needed to buy this new toy. His dad told him he wouldn’t give it to him, but that he could earn it.
He gave his son a bunch of very difficult jobs to do. A few days later his Dad asked him if he had bought that new toy. His sons indignant reply was. “What? Why would I waste it on a toy, I worked hard for that money!
The poor man wastes money when its free
Yes its easy to buy everything and anything on a whim when the money is free. It’s another thing when we have to earn it. If you don’t believe this try looking at the people who have been trapped in the poverty of welfare. In the United States there are literally millions of people trapped in the vicious cycle of generational welfare.
The government and various non-profit organizations have given families hand outs for so long that entire generations think they are entitled to it. Thus the beginning of poor man thinking.
It’s easy to feel that way when your father and his father have received help, so why shouldn’t you. In their minds it makes no sense to make an effort to work for money, because no effort will still give the same result. This leads to the general attitude of “why work for what I need when it will be given to me for free.
Note to Poor Man. Win a million, Think like a millionaire
Now they think that they have enough money to last them a lifetime, so why work any more. Of course people are very good at spending and wasting money, no matter how big or small the amount. It usually doesn’t take long and these people soon find themselves with lots of stuff, but little money left.
Now they have to use the little they have left to keep up all the “stuff” they thought they so desperately needed. The problem was they did not have to go through the steps needed to make the money, so they don’t have the experience to keep the money.
Poor Man Thinking Conclusion
Sometimes we got to change the way we think about things, and money is a great place to start. The odds of obtaining wealth the easy way are stacked against you. Running out and buying lottery tickets, sitting in front of an online gambling site and rushing to the nearest casino will not help you find or build wealth. Working diligently and investing wisely gives you the best odds by far.
So top thinking like a poor man and wasting money on gambles that won’t pay off. The best place to start is to learn how to increase the money you are currently earning. Here are a few places to start.