What Poor People Say; What Rich People Say


There is rich person thinking and poor people thinking.  People who use rich people thinking are either wealthy or will become wealthy, given enough time.  People who think like poor people either are broke or will end up broke.  Which way do you think?

Poor People Say:  The cost of living is too much here to ever get ahead.

Rich People Say:  I need to move somewhere cheaper unless I can make up the difference in salary here.

Poor People Say:  I need a new car since they are reliable.

Rich People Say: I can save thousands of dollars on depreciation each year if I buy a 4-year old used car. Most repairs are only a couple of hundred dollars, and cars don’t break that much if you maintain them.

Poor People Say:  How little a down-payment can I make on this house?

Rich People Say:  Can I put at least 20% down on this house and pay it off in 15 years or less?

Poor People Say:  I need to dress to impress.

Rich People Say:  I don’t care what people who keep up with the Jones’ think.

Poor People Say:  Fake it until you make it.

Rich People Say:  When you make it, keep things simple or you’ll lose it.

Poor People Say:  I need a job that will give me security.

Rich People Say:  I need to provide my own security through my skills and actions.

Poor People Say:  They should pay me more.

Rich People Say:  What additional ways can I make money?

Poor People Say:  I’ll repair things myself to save money.

Rich People Say:  I’ll spend extra time doing what I’m good at and get ahead in my career or develop my business and pay someone else to fix things around the house.

Poor People Say:  I need it now

Rich People Say:  I’ll buy it when I can pay cash for it.

Poor People Say:  I can get points on my credit card.

Rich People Say:  I can get a  discount if I pay cash.

Poor People Say:  This credit card has a low-interest rate.

Rich People Say:  These mutual funds pay me a good rate of return.

Poor People Say:  I need a big house.

Rich People Say:  I only need a house that is big enough to fit my needs.  A bigger house just means more maintenance.

Poor People Say:  You’ll always have a car payment.

Rich People Say:  I’d rather ride a bicycle than have a car payment.

Poor People Say:  I need a college loan.

Rich People Say:  I need to choose a college I can afford and work while I’m going to stay out of debt.  I can also apply for every small scholarship I can the summer before since few people go for those.

Poor People Say:  I deserve a vacation.

Rich People Say:  I’ll take a vacation I can pay cash for and still put money away.

Poor People Say:  Thank God It’s Friday, Oh No It’s Monday.

Rich People Say:  Oh good it’s Monday, I can get some things done.

Poor People Say:  There is no way.

Rich People Say:  I’ll find a way.

Poor People Say:  I need a house payment for the tax deduction.

Rich People Say:  I’d rather pay the taxes than pay the interest on a home loan.

Poor People Say:  I need to buy some clothes.

Rich People Say:  I need to buy some assets.

Poor People Say:  I’m going to go play some blackjack.

Rich People Say:  I’m going to buy a casino.

Please leave a comment or write me at vtsioriginal@yahoo.com.

Follow me on Twitter to get news about new articles and find out what I’m investing in.  @SmallIvy_SI

Disclaimer: This blog is not meant to give financial planning or tax advice.  It gives general information on investment strategy, picking stocks, and generally managing money to build wealth. It is not a solicitation to buy or sell stocks or any security. Financial planning advice should be sought from a certified financial planner, which the author is not. Tax advice should be sought from a CPA.  All investments involve risk and the reader as urged to consider risks carefully and seek the advice of experts if needed before investing.

Photo Credits:  Mikhail Popov, http://stockphoto43.com, downloaded from stock.xchng.

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