Rich and Poor Mindset – How The Rich And Poor Mindset Affects Your Future

I come across this very interesting real-life story and I want to share this with you. It brings an insight to the rich and poor mindset. How the rich and poor mindset affects your future is not just a fiction.

Assume that you and 3 friends were unable to renew your current rental property and have to look for a new place. You have just started in life and hence your income are not high. Which options will you choose?

1. High-end residential estate, surrounded by successful people and well renovated. Shared with 3 friends and monthly rental was $400 per person per month.
2. Low income residential estate, surrounded by many unemployed – rent a small room which is only big enough for a single bed. $250 per month.

Many people have answered the above question and typically their replies can be summed up, as follows:

1. I will choose the cheap rental because I am not concerned with the environment, and I do not care about what people think.
2. I will choose the high-end unit because life is short and we should learn how to enjoy our life.
3. If everyone chooses the high-end unit, in view of everyone’s common interests, I will consider renting together. The pressure of life will inspire my motivation to make more money.
4. I will opt for the high-end residential estate. Environment will affect a person’s outlook on life and values. A good environment will help to bring up a person’s desire for quality of life, and help a person pursue their own goals to live a better life.

To show you how the rich and poor mindset affects your future, let me get you to the story. A senior partner of a listed company was faced with the above situation with her 3 room-mates 7 years ago. Let’s look at where they are today with person A, B C and D having the replies 1, 2, 3 and 4 respectively.

A continues to live in the low income residential estate. She seems to have forgotten that she was once a graduate. She married a man whom she met in the estate. She has since become an angry and quarrelsome person.

B has a decent job but she is living paycheck to paycheck. She has no stable relationship.

C is currently holding a senior management post in a multi-national company. She has a great team under her and is happily married with 1 kid.

D is the senior partner of the listed company. Her husband is also a successful entrepreneur. They have 2 kids.

I hope you can see the difference between rich and poor mindset and

Courtesy: Connie Goh

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