Why RICH people keep getting richer and the POOR stays being poor?

in #business7 years ago (edited)

,,Once upon a time, there lived a rich and a poor fisher man in the same town.

One day, poor fisherman man went up to God and complained

Fisherman:“Oh Lord, why you have made me so poor and the other guy is so rich, this is unfair”

Lord:“Ok, I will take all wealth from that rich guy and hand over to him a fishing rod”

So now the poor fisherman and the ex-rich guy were equal.

Next day, both went to the river to catch fish. Both caught 20 fish each.

Both of them sold each fish for $2 and made $40.

Fisherman went home, bought some GOOD food, and a pair of shoes while he already had decent pair at home, ate meal 3 times a day.

The ex-rich guy who also made $40, decided to buy another fishing rod for $2, hired a guy to work for him for $10/day, ate decent food 2 meals a day, compromised on 1 meal, wore old shoes.

So who was wise? Ex-rich guy who instead of spending all money on useless things, knew how to make more money using your existing money, he lived below average for few years, increased his employees day by day which increased his number of fish caught,

and

in matter of few years, the ex-rich guy became rich again, and poor fisher man was still a fisher man"
-Umair Ayub

So what's the lesson here?

  • Poor people tend to have the type of thinking called "victim mindset", that's why they are complaining all day long and saying that life isn't fair. (which is true, but you can't change it so why worry?)

  • Rich people tend to have the type of thinking called (growth mindset), they are constantly thinking about how they can become better in every way and they aren't worrying about things they can't control.

  • Poor people tend to buy things they don't really need and won't progress their life in a positive way. (average american household has about 300k items, you sure you need all of that?)

  • Rich people know how to use their money to make more of it and create a better life for themselves.

  • Poor people don't know how to use leverage to make more money.

  • Rich people always leverage their time, money and knowledge.

In my next few posts I will talk about what leverage is and how to use it and also about the importance of money and whether it can buy you happiness.

You might as well follow me so you won't miss them!
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Will you ever buy a multi-million dollar car in the future? Let me know in the comment section below!

Still hunting down those goals, am I right?!
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((the "guns" above are just airsoft replicas used at a private course))

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