In his writings, Robert T. Kiyosaki explains the difference between the RICH and POOR Mindset. The major differences he explains are as follows
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POOR MINDSET
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RICH MINDSET
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Education and Intelligence is everything
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Education is secondary
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Leads to Financial Struggles
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Succeed in finance management
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Will leave bills to be paid after death
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Will leave wealth to family, charities
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Believes love of money is the root of EVIL
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Believes lack of money is the root of EVIL
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Can’t afford it mindset
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How can I afford it mindset
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While talking about Finances, brain sleeps
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While talking about Finances, brain exercises
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Rich should pay more taxes to take care of less fortunate
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Rich are punished by taxes, and reward who don’t produce
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Study hard so you can find a good company to work for
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Study hard so you can find a good company to buy and generate employment
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A big NO NO for children, blames them for not being rich due to them
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Must be rich so that children are able to study hard and stay in school
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When it comes to money play safe
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Learn to manage risk with money
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Home is our largest investment
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House is a liability. If it is your largest investment you are in trouble
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Paid his bills first
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Paid his bills last
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Believes company/government takes care of you & your needs
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Financial self reliance
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Concerned about pay raises, retirement plan, medical benefits, sick leave, vacation days, and other perks
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Doesn’t give shit on those perks
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leads to struggle to save a few dollars
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Create investment
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thinks to create/write impressive resumes to find good job
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thinks to write strong business & financial plans so you could create jobs
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I’ll never ever be rich mindset
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I’m rich mindset
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Money doesn’t matter
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Money is power
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