What do you think about the difference between the poor and the rich people? We have heard many times that a rich man have a lot of money without working. Is this really true? How much have you spent your life trying to make money? Do you think you have worked for money or money for you?
Yes, the statement that rich people have a lot money without working is almost true. But why? They give their money to work hard for them. But poor people work hard for their money. The effort is important, but effort and work alone will not make you wealthy. For the rich, working for money is a temporary situation and for the poor is a permanent situation. The rich know that they have to work hard until their money become able to work instead. When this happens, you can work less.
Which is more important? Making money or using it?
The difference between the rich and the poor is in the answer to that question. When making money is more important than using money, you try for making money a lot. So you’re looking for money all your life. In this way, you are working for money, not money for you.
But using money is more important for rich people. So they spend their lives trying and working for money. After this period, they get to the financial independence by earning passive income and make a lot of money without working. In fact, the rich people’s success secret is in achieving financial independence and passive income. In the following, Tabikaran Research Group explains these two terms.
- Financial independence
The ability to live on the way you want, without any force for working or relying on someone else to earn money.
- Passive income
Income which is earned without working is called passive income. So, when your passive income become more than your costs, you become financially independent.
Why do just a few people get rich?
Almost all of us have ideas for earning active income through working in our minds. But most of these ideas are opposing with passive income or do not result in it. The reason for this is education. We often do not receive any training about passive income, so we never paid much attention to it.
If we were trained in this, then we could recognize the business opportunities that ultimately lead to active income. These opportunities can end with passive income very soon or after a while. It means that they cause current active income and future passive income.
What is the difference between the poor and the rich people?
Rich people have long-term thinking. They balance between spending on today’s pleasure and investing in tomorrow’s financial independence. But poor people have short-term thinking. They plan their lives based on temporary pleasure. Of course, in many cases, poor people do not have any plan for their life at all. This also makes them to live with the idea ”Whatever happens is well.”
Spending or investing? Staying poor or becoming wealthy? You should choose
You have the power to choose. You can choose to spend or invest. The issue is the priorities. Poor people prefer the present time. Rich people prefer the balance between the present and the future. In fact, rich people think about both today’s pleasure and the financial independence of the future and maintain a balance between them.
Rich people have a lot of money, but they spend a bit. While poor people have a little money but spend a lot. The poor people work to earn money and spend their daily lives. Rich people work to make money and invest, to spend for their future lives.
Poor people see one dollar as a dollar to buy and sell anything they want. But rich people know every dollar as a seed that can be planted for harvesting a hundred dollars, which can also be planted again for a thousand dollars.
Anthony Robbins says: I personally consider my dollars which should be invented as soldiers whose mission is independency. Needless to say, I look after the fighters in the path of my independency and I do not get rid of them quickly and easily.
What is your choice? Spending or investing? Staying poor or becoming rich? If you want to invest in ways to achieve passive income and financial independence, start here.