Rich Or Poor Your Choice

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Have you ever wondered how a rich person was able to accumulate so much money? Perhaps you’ve taken notice of a poor person and found it perplexing, or even upsetting, that he just didn’t have any …

Have you ever wondered how a rich person was able to accumulate so much money? Perhaps you’ve taken notice of a poor person and found it perplexing, or even upsetting, that he just didn’t have any money no matter how hard he worked.

What determines who will be rich and who will be poor? The reality is that your money mindset helps you determine whether you’ll be rich or poor.

This book addresses the differences between the mindsets of rich and poor people when it comes to money. Each section explores a specific way of thinking about money and the widely contrasting views taken by the rich and poor. You’ll be enlightened about how you can alter what you think, feel and believe about money in order to “think rich.”

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  • 1. Rich or Poor – Your Choice How You Think About Money Largely Determines Whether You’re Rich or Poor
  • 2. Rich and Poor People Think Differently About Money Have you ever wondered what determines whether you’re rich or poor? Your mindset has a lot to do with it.
  • 3. Lack vs. Abundance Mindset Lack “I don’t have any money.” “I wish there was a way to get more money.” “There are no jobs out there.” Abundance “I can earn all the money I want.” “I can do so many things to get money.” “I can sell my skills and services to others.”
  • 4. When Opportunity Knocks Poor People: Don’t notice opportunities to make money Usually don’t take advantage of them Wonder, “How much will it cost me?” Rich People: Keep eyes open for all opportunities Take advantage of opportunities Think, “How much can I make?”
  • 5. 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?
  • 6. 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.”
  • 7. Who do you think will make that $100+ extra weekly?
  • 8. Investing A Poor Person: Overwhelmed by fear Asks, “How much can I lose?” A Rich Person: Confident Asks, “How much can I make?”
  • 9. Short-Term vs. Long-Term Thinking A Poor Person: “How will I pay this month’s bills?” “I never have any money.” A Rich Person: “I want to meet my savings goal at year’s end.” “I’m saving now for my kids’ educations.”
  • 10. Price vs. Value The Poor Think: “Wow, look at that sale price!” I’ve got to have that.” “I can’t pass up that price.” The Rich Think: “That’s a good price but do I really need it?” Will the item have value for me in a year or 2?” “Can I use it to make money?”
  • 11. 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.
  • 12. Dealing with Challenges A Poor Person: Feels overwhelmed Avoids confronting the challenge Thinks of excuses for the situation Blames other people and things A Rich Person: Has confidence he can handle the challenge Confronts the situation Resolves the issue Makes it work out
  • 13. Power Responsibility Control Action
  • 14. 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? Responsibility Control Action
  • 15. Dreams Do you dream small or big? Poor people dream small and hope their dreams come true. Rich people dream big and strive to make their dreams happen.
  • 16. Learning How 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.
  • 17. Cash Flow What is… Cash Flow? Good Debt? Bad Debt?
  • 18. Cash flow •Your paycheck •Other income streams Good Debt •Debts you pay that will ultimately earn you more than you paid Bad Debt •Debts you pay that bring you no return on your money •Examples are your phone bill, utility bill and cable bill
  • 19. Tips to Change Your Mindset How can you alter your mindset to be more like the rich?
  • 20. Affirmations Positive Self-Talk Meditation Visualization Journaling Spend time with those with a rich mindset Develop business mastermind group
  • 21. Conclusions Your 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!
  • 22. “Being broke is a temporary situation. Being poor is a state of mind.” –Mike Todd
  • 23. We hope you enjoyed your Special Report! Curtis Roese is an experienced professional with extensive experience in personal finance and small business matters. Curtis writes and publishes articles, courses, guides and special reports on his personal finance blog. Common Cents Wisdom is a website with hundreds of informative articles, special reports, resources to assist you with all of your financial concerns and a free monthly newsletter. Sign up to receive your free eBook "Common Cents" and get started today on the road to financial freedom!
  • 24. This Free Course Includes:  A Complete 80+ Page, 16-Module Home Study Course in PDF format  Companion Worksheets and Cheat Sheets  Budget Helpers, Worksheets, and Trackers  Bonus Audio Interviews with Financial Experts  My Secret Resource List of Helpful Money Sites, Tools, and Calculators  Bonus #1: Boosting Your Value Without a Formal Education  Bonus #2: Building a Wealth and Prosperity Mindset  Bonus #3: 25 Ways To Protect Your Identity Don’t Delay! Get Your Free Course Now!
  • 25. Sign Up ~ FREE Personal Finance Newsletter “Finally… A High-Quality, Content Rich, No BS Newsletter Written Specifically For Those Interested In Personal Finance” What you can expect to receive EVERY Month by signing up:  Special Report – 10 to 20 page in-depth report on Personal Finance topics important to you!  Articles to keep you informed on a variety of topics relevant to your financial freedom.  Action Guides, Worksheets, Resources & Buyer Guides!  Monthly Financial Calendar to keep you organized and current with managing your personal finances.  Periodic reviews of Products and Services – Real Financial Solutions ~ Real Fast! http://www.commoncentswisdom.com/newsletter/