15 Poverty Mentality You Must Avoid

In this article, we break down 15 Signs You’re probably not gonna be rich:

1. You don’t understand basic math

We’re already trimming away at the bushes. Making money is a mathematical process. This is how much you earn, per deal, per hour, out of this, you pay a portion to your suppliers and employees, out of what’s left you pay a percentage as tax and then you reinvest whatever your share of the profit is into other income-generating assets. That’s really all there is to it.

If what we just said sounds like nonsense to you, might as well call it out right now.

This is basic math people, addition, subtraction, percentages, multiplication, and division. This is all you’re gonna need unless you plan on doing more complex work.

You need to be able to understand data, to organize it, and draw conclusions from it, otherwise, you can’t accurately measure your business and if you can’t measure it, you can’t improve it.

Know your numbers!

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2. You focus on Saving instead of Earning

This is the major difference between people who are working to become rich and people who are trying not to be poor.

You can save your way into the middle class, but you can’t save your way into billionaire status.

The only way to really get rich is to earn more and invest it. It’s a simple process: you figure out how to generate more money, then you take this money and invest it in other projects that in turn generate you even more. Repeat the process as many times as you need to.

When we were just starting out, we went through a bunch of How to make money books, from rich dad poor day to the 4-hour workweek, all really great books, but to be honest, the most valuable out of them is a book called The Millionaire Fastlane by MJ DeMarco.

The focus of the book is on generating money, so later on you can invest in real estate and whatever investments you plan on doing. But without increasing how much you earn, you won’t be able to have investments.

3. You spend more than you earn

If you spend more than you earn, not only you’re not gonna be wealthy, you’re likely to end up poor.

For some reason, people care more about appearances than they do about their well being. There’s no shame in not being able to afford something, the realization you can’t right now is what should motivate you to get it later.

What do people do, they borrow money, in order to buy things they don’t really need, just so people they don’t really care about won’t look down on them.

Do you understand how stupid that is? Why do you need to upgrade every year to a new phone? Why do you need supreme t-shirts? Why do you buy things that you don’t need just because they are on sale?

The problem isn’t that you want these things, because that’s ok, the problem is you’re not looking for ways to increase your income and instead you’re going deeper and deeper into debt for liabilities.

4. You take advice from friends and family who are not successful

How many times do we have to say this?

You are the average of the 5 people you spend most of your time with!

Now… if your 4 closes friends are dirt poor, you’re gonna be the 5th.

Your circle defines who you are, the ideas you engage with, and are either the reason why you’re going to go beyond your potential, or they’re gonna be the ones holding you back from reaching it.

Find heroes, find people you look up to, folks you want to be just like them, and then behave like they are watching over you. If you’ve got the skills, find yourself a mentor, and add him as one of the 5 people in your circle.

I don’t take advice from people less successful than me Kanye West alux quote

In the words of Kanye West: I don’t take advice from people less successful than me!

Unless you’re looking for ways on how not to do it.

5. You lack discipline

If you think this is going to happen overnight, that you’re going to strike gold, get rich quick or hit the big score, you’ll die waiting for that day.

Building anything, requires time,

focus and discipline.

Success is the sum of small actions repeated daily for extended

The sooner you realize this, the sooner you can begin taking the small steps that will take you where you need to go.

Disciplined people get things done, no matter how they feel about it. If you can’t master your own actions, how do you expect to master the world you live in?

To this day we can’t recommend a more useful resource than our own video 15 steps to master self-discipline, which you can check out below. Watch it, take notes, and then proceed to take control of your existence.

6. You don’t have investments

..and no.. the apartment or house you live in, is not an investment.

No matter how small, learn, understand, and experiment with investments. An investment is something that will make you more money than you put in. These are split into 2, active investments and passive investments.

Active – you invest money and time in your own business.

Passive – you buy an apartment and rent it out.

Day-trading is an active investment – if you can do it well -, while buying index funds is a passive way.

If you’ve never looked at how other people make money or are unfamiliar with these concepts, you’re probably not gonna be rich.

7. You don’t have financial goals

Let me put it this way, people who are going to be rich, make it their business to get rich. It’s a priority for them, they set up financial goals and then act in accordance with what it would take to achieve them.

Most people never wonder why they don’t earn more. They just live with their current situation. If you don’t start breaking it down, looking at how much and how are you getting paid, you’re doomed to stay poor.

8. You think rich people got lucky

You think that they found themselves into a fortunate position, that they didn’t have to go through what you went through.. that they were born rich or lucky or they have access to some occult secrets that got them to where they are today.

Luck is an important factor, but it’s not the deciding one. This can be proven a million times! People who had it worse than you do right now, made it through hard work and dedication.

Do you know the chances of you being alive right now? Living well enough so you can read this article at this moment, with your internet connection and sophisticated device? You already got lucky! This IS the lucky part!

You have access to this type of information, to the same tools people just like you have used to build fortunes and change their lives and their communities.

Rich people didn’t get lucky, you’re just a victim of your own mindset and your lack of action.

9. You’re making excuses

Things happen to you. You’re not at fault. The system is unfair! This is how the have-nots justify their lack of success.

“All women are superficial”, “all men are pigs”

If every person you encounter doesn’t treat you the way you wish to be treated, take a step back, and look at the common denominator: it’s you! You are the problem, stop making excuses for YOUR lack effort towards getting better.

People hate to hear this because suddenly they have to face the reality that maybe it’s not the world that’s crooked, maybe it’s them.

The realization that you are not enough, you not working enough, you are not growing enough, you are not emotionally mature enough, these are all very scary things that most people don’t want to confront.

So they make excuses, they blame it on everything except themselves and expect the world to change in order to facilitate their current situation.

People are trying to make Being FAT & UNHEALTHY ok and socially acceptable, just because they don’t want to eat a salad and go to the gym like the rest of us. It’s easier to be part of such a movement, that to take responsibility for your body and dedicate the next years to fixing it.

The same goes for money. Everybody can change their financial situation in the next 5 years, but it demands effort, so what some choose to do, is to make excuses and blame the world for their misfortune, because it’s easier.

10. You’re not learning constantly

Better experiences come from software upgrades. Some people never upgrade, never fix what they’re lacking, never get to take full advantage of the opportunities available, because they choose not to.

Look at yourself for a second, before this article, what have you been doing today? How much of it was EDUCATION and how much of it was simple ENTERTAINMENT.

ENTERTAINMENT IS NOT MAKING YOU better!

Learning is a lifelong process, you never stop learning, because the moment you do, you’re not growing, you’re just fading away with time.

Help yourself get better if no one else will. You’re already reading this piece, meaning there’s something within you that wants more than you currently have, to be more than you currently are.

You’re struggling because you’re not learning enough. The simplest method of keeping track is by how many books did you read last year?

The average person reads 1 book per year.

The average top CEO reads 50 books per year.

The average person is poor while those the CEOs are rich. Also, the CEOs read for the purpose of learning, while the average person reads for entertainment. Biographies and Self-Help books need to be your next best friend.

If you’re closer to the average person, you’re likely to end up just like them, because you’re not learning enough.

Read about the stories of great men and women, how they made their decisions, how they found their passion, how they faced risk, failure, and humiliation. That’s how you grow. You study people like Steve Jobs , Elon Musk or anyone else you look up to.

You need to bring those numbers up if you don’t want to end up like everyone else.

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11. You’re not trying new things

This works hand in hand with the previous point. How do you expect your life to change if you don’t change what you do.

Change is scary, but that where all the good things you didn’t know about yourself lie.

Don’t live the same year 75 times and call it a life!

When’s the last time you did something for the first time? How often do you travel? How often do you push yourself outside your comfort zone?

Force yourself into new situations, situations that make you uncomfortable, that you’re scared to face, because that’s where you learn more about who you are and who you really want to be.

12. You’re too scared of failure

Nobody wants to fail, but there’s a major difference between those who go towards their goals despite the fear of failure and those who choose not to try at all.

In truth, you don’t get to fail many times in life. You get a limited number of shots at the life you really want. If you fail all of them, your life might be worse than if you just played it safe.

That’s the beauty of this game.

FEAR is a natural mechanism against things that are out of our control. It worked well when we were fighting mammoths and saber-tooth when failure meant literal death. But now, failure means you just have to start over.

If you invest in learning and get comfortable with trying new things, you will get better at minimizing failure in life.

If you’re too scared to fail, that it’s stopping you from even trying, you’re not gonna make it!

13. You work only 40-hour weeks or even less

To be honest with you, you’re probably not working enough. We’ve never met an entrepreneur or successful person who didn’t work at least 60 hour weeks. That’s the minimum.

The average number of hours somebody who is going to be rich and successful puts in is between 80 and 100. Every week! FOR YEARS!

Tim Ferrisis’ 4 Hour Work Week best seller is a great example of selling people the result and not the process. Tim himself never works that.

It will take you a couple of years of working 80 to 100 hour weeks to create a business, in which you can take a month off only by supervising and delegating work that you’ve preplanned and got ready ahead of time.

We’ve said it once and we’ll say it again:

we all have the same number of hours in a day,

some people use those hours to become successful, others choose to waste them.

It doesn’t matter how smart you work either, if you want better results, you need to work more.

14. You are paid by the hour

Let me break down how the wealth is distributed throughout the masses.

You got the lazy or unfortunate people at the bottom. They choose or for some reason are not able to participate in the marketplace at a certain level, so they fall into poverty.

Then you got the employees, the majority that works the 40 hour weeks we mentioned earlier and who are getting paid by the hour. These make up the middle class. – Of course there are subsections to each of these, but we like to keep it simple.

Then there are the people who pay the middle class for their 40 hours weeks. These are the people who pay themselves. They write their own checks for however much they need or is left at the end of the fiscal year.

Poor people can jump into the middle class if they are willing to work and get paid by the hour.

The middle class can improve their situation, by either specializing – meaning you get paid more per hour – or by working insane hours.

The people at the top get paid to solve big problems which involve hundreds if not thousands of people and moving pieces. They get paid based on their solutions, creativity or vision.

If you are paid by the hour, you have a ceiling above your head, a limited number of hours you can work in a day. This is one of the rules of the game: there are only 24h in a day and you can’t get paid for more than that. The only method is to level up.

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15. You are waiting for a miracle

You’re playing the lotto, you’re hoping for a big inheritance, you look for the big score, you play in your mind what you would do with the millions you don’t have, you use the power of thinking, you try to manifest the secret into your life, the universe will reward you for your thoughts or even your god will gift you the life you believe you deserve.

That’s all bullshit! Wake the F. up!

The miracle is that you are alive right now! The universe, your god, or whatever you believe in, did its part. Now it’s your time to do yours!

If you’re waiting for a sign, this is it! We are here to let you know that the Universe wants you to get off your lazy ass and get to work!

If you’ve got some of these beliefs you might want to take a good look at yourself and figure out who you want to be.

This concludes our list of Signs You’ll never be RICH. Are you guilty of any of these? If yes, what are you doing to fix them?